Well, the UK is 12th in the top 20 though ... not roaring ahead, but holding the standard for Western Europe (the irony, of course, is Brexit)!
I did not know about the flexibility and negotiation ... to me it is a crazy situation not to have anything set in stone because people can tell you whatever they want about what you owe ... but if we are talking an average of £100, that's not so hard to work with. I have heard that there are limits to how much of one's portfolio the UK will let its citizens hold in crypto -- that was on the regulation side that I was thinking of.
Here, every swap of a crypto -- not a sale, no USD yet generated -- is taxed like a sale, so you have to sell your stuff in the long run to pay all those taxes! We are also considering unrealized capital gains taxes, so the level of crazy is much higher here! Meanwhile the government has being going after and shutting down exchanges and platforms on what they now admit is a big oopsie ... "oh, we regret calling crypto a security after lying and running folks out of business on false claims." We are in place no. 4 -- so, admittedly, eight steps ahead of the UK on sheer insanity, too!
I have put myself in the loop with you and Macchiata, so, let's see where all this goes! I think that there must be good possible if three women from the third, fourth, and twelfth best places for crypto adoption in the world put their heads together on how to support writers and Hive at the same time with good data and good experience!
Well, HMRC can tell you all sorts of stuff, and much of the guidance is not very good - hence the questions which they are not able to answer. I expect a lot of it will develop through casework. It is important to have a good accountant, though.
I'm not aware of any restrictions on how much you can hold (at least one person or entity is holding £7.0M of crypto, a massive jump from the highest holdings of the previous year), but there is a little questionnaire you have to answer before you can buy/sell - more to make people aware that crypto is unregulated and high risk and don't put your house on it.
Actually, London has the largest blockchain industry outside of the States and the last government were keen to promote it and attract more investment, especially after losing so much of the financial services sector after Brexit.
Great that you've made the connection with macchiata. My own ideas won't be starting until later in the year/next year as I have other things happening. Maybe by then the DHF will have settled down. Let's see what happens!
The thing about the DHF -- there's something called the Return Proposal. A lot of Hivers have voted that way up on HP, and no project can get funded until it exceeds the amount of HP on the Return Proposal. This I think has happened because the DHF is pushing the Hive inflation, but a lot of projects are not presenting results to the community such that we can know why we should allow said projects to get funding and -- guess what -- push the price down through inflation. There was this article by @dalz that showed that although it is common among some to blame content creators for the inflation, it is actually Hive's own mechanisms that are causing this: https://peakd.com/hive-133987/@dalz/what-is-causing-the-additional-hive-inflation-in-the-last-months-where-does-it-comes-from
The HBD stabilizer sells the most Hive, and the DHF spends the most HBD, much of which has to be converted to Hive for sale ... so there we have that. We need HBD to stay stable around $1, so then the only other thing to do is look carefully at how we spend on projects, and I think that is why the Return Proposal is up so high right now. So, a new proposal needs to have somewhat over 36 million HP voted up on it to pass. Something for both you and @macchiata to think about when you consider working with existing proposals or beginning your own.
I meant maybe the DHF would have developed more protocols for the format and criteria for proposals. I would see the proposal I have as something that would sit within valueplan to promote Hive, rather than a separate proposal.
Now that's a GOOD THOUGHT. The Return Proposal is a bit clumsy of a way to manage what does and does not get funded, so it would be better if the managers of the DHF would see to this -- and now is a good time, before the bull run really hits!
As for becoming a Value Plan sponsored project -- and @macchiata, you might be interested in reading this as well -- there was a post done including social impact projects Valueplan is funding for promotional purposes. This is the key paragraph:
So, whatever projects may be suggested to Valueplan for support would need to be positioned to tend toward that projected outcome. They also included a scope:
Conferences which can be organized in-house, Hive dapp-hosted, or external. These include trade shows and expos.Physical major advertisements on products, vehicles, billboards, signage and events. All locations must be legitimate and professional.Significant promotions of Hive which may include contests and hackathon-style activities. This includes partner-related promotional activities to which we are invited to in joint participation.Outward-facing events such as the undertaking of the social impact and niche promotion events or conferences.Promotions and activities that showcase Hive as a Web3 leader and an excellent protocol to build on.I would look at bullet 3 and bullet 5 and think about large associations of writers, and also of people that want to build (decentralized) apps for writers and other creatives -- conferences, contests, etc.
Thank you for tagging me here. I definitely need to read more on those projections and plans since I am going to be invited to host a workshop introducing Hive so I could better understand what needs to be done/achieved and expectations and such. As I probably mentioned, I have a clear set of audience and those things that is mentioned over @valueplan could be something that I could use to convince these people Why write on Hive and Why bother checking out Hive. The thing is, I am not going to apply anything until I saw how the audience reacted to it. Anyhow, that being said, I really hope one day @valueplan would consider checking out Blockchain Asia, CoinfestAsia, Singapore coinfest and the likes around APAC.
Sounds like a plan -- and, given Indonesia's status as No. 3 in the world, I don't think going to the major conferences where it is well represented is too big of an ask. India would be also be well-represented in two of those three, and also Vietnam I think is no. 6 -- that would be a good use of budget, actually!
@deeanndmathews @shanibeer @macchiata I have taken some initiatives in India to put Hive's name out there. Almost no one knew about Hive in India at the start of this year, but now we get mails asking us to attend conferences or partner up with blockchain events happening here.
We started off by targeting technical university students and having them take part in hackathons, where they were to build dapps on Hive. From there our network expanded and we onboarded quite a few writers. But the problem always revolved around retention. So we changed our approach a bit.
Now we are targeting college societies that are into writing and other cultural programs. We onboard them and ask them to post on Hive on a regular basis.
Even in hackathons, to retain the young developers, we have changed our approach a bit.
Also, we are now targeting bigger conferences where key figures in the blockchain industry are present.
The Asian conferences you mentioned are definitely places Hive should be present, but as you can see, it's been less than 9 months since we started focussing a bit on Asian countries, especially India.
Hopefully, by next year, Hive will be present everywhere and people will be talking about us and all the features we have to offer.
Token2049 that happened in Singapore would have been a really good platform for us to be at. I really hope we will be there at this event and other major events next year for sure.
The thing I am interested in getting here is readers (otherwise known as content consumers). We are very good at getting creatives, but who sees or reads or listens to them? The vast majority of people want to just consume and click (like/vote/emoji) and they are prepared to pay to do it. Medium and Patreon are the niche competitors here and Hive has a much better deal going on for readers and writers alike.
I agree ... the thing is, Valueplan is interested in promotion ... so if somehow ... okay, big readers' associations, book clubs, literary events ... Valueplan wants to get eyes on Hive, and you want to get eyes on Hive's writers ... there's a win-win in there somewhere...
Yes, I would work with Oggadoon to provide the media promotion. I've set it out in the other conversation :)