It's a for profit company. This is nothing but a short term bailout.
They admitted they have lost track of and mismanaged funds in past. This is ridiculous. Without many supporting this having a financial reason (holding splinterland assets) this would not be supported
You are viewing a single comment's thread from:
I don't think it's just about the assets, I hold no spl assets for example but I do think they have potential to be a great onboarding project for hive once they do better as they've proven that in the past. Ofc I think they could've done more to convert the players into more hive eccentric users but there was talks about improving there and they've acknowledged that funds were misused and there's been changes in the team around that so I hope it goes better for them in the future for both them and the players and hive.
I just don’t buy it. They’ve admitted total misuse of funds in past and I think this is rewarding a company that frankly is on the outs due to there extreme misuse of funds to there own admission…
That said I do agree not all are voting because of personal assets and I know you especially aren’t. I believe you truly believe in it helping our platform and I respect your take 100%. I just don’t see them bringing much to Hive at this point and I see and hear from many here they are tired of the mismanagement and have checked out. But again I very much respect your sincere opinion! Cheers! 🍻
Yeah, I guess I don't see it as "rewarding" them but helping them out when they're down and in general there's a lot of funds going to way less impactful things from the DHF in my opinion from what I've seen over the years. I don't know much about spl these days, haven't had time to look into things deeply as I've been busy with my own things but I trust the person I believe is in charge now, yabap, and I hope whatever funding they may receive from hive will help them out. I also know that they've also asked for funding from their own DAO and are powering down all the hive they bought at much higher prices which is something I realize must suck as I've been in the same situation often so I can emphasize with that and realize they really must be desperate/in a dire situation and I'd hate to see the project just die off/go away.
It's difficult to tell how much impact this funding will have and when the markets will decide to let overlooked decentralized projects get some funding but I know there's many projects on Hive kind of in the same boat, either waiting/delaying things or trying to cut costs in any way they can. Don't know which will survive/make it through and flourish after but all I know is that Hive itself will survive thanks to the work the blocktrades team have put into making it as scalable and easy to run as possible.