Good Things On Hive Don&#x27;t Always Last

aloysiusmbaba 3 days ago

Blocktrades' vote on the DHF proposal might have had what seems like a centralising effect on the blockchain but we cannot blame Blocktrades' for voting. Anyone who complains should work to increase his voting authority so they can have a say too. But honestly, one account controlling so much power on the blockchain seems kind of scary.

0.30 VYB

josediccus 3 days ago

You've echoed most of what I said. Blocktrades didn't steal the stake they have. They were probably staking when others were selling and now they have the stake to dictate governance.

0.02 VYB

djbravo 3 days ago

I think it is every human's right to try and improve his performance so that he can get more profit.

discovery-it 3 days ago

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libertycrypto27 3 days ago

My point is that it is completely incorrect to label Hive as "centralized" simply because you do not like how governance works.

Completely agree with you, DHF are just a part of Hive and Hive has a high level of decentralization compared to much more famous platforms.

In my opinion the mechanism of DHF should be revised, often there is a DHF proposal but there is no monthly reporting and reporting at the end on the results achieved. This should be a requirement in my opinion, there needs to be a set of standard steps to follow so that those with an approved proposal need to update at regular intervals what they have done and what they will do and what results they have achieved.

!discovery 30
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0.41 VYB

tipu 3 days ago

Upvoted 👌 (Mana: 3/43) Liquid rewards.

josediccus 3 days ago

I think a lot of people are interested in how well the DHF is run. Using it as a money grab is terrible and I guess that this happens because of the lack of accountability. Proposals don't even talk about how the money is spent and there's no one at the top who actually makes an attempt to get all these projects to be accountable.

Hive is decentralized, it's just sad that only a few accounts moves governance. Although they worked hard for the stake they have and that's something

Thanks for the Curation

0.23 VYB

bleujay 3 days ago

Greetings @josediccus ,

Thank you for writing about this topic of DHF proposals...well said!

I echo your sentiment....that we should be able to vote against a proposal...especially when it has been brought to the attention of Hive users that said proposal is not in the interest of Hive.

Kind Regards,

Bleujay

0.31 VYB

2 votes

josediccus 3 days ago

Thank you. Most of the time, people just ignore a proposal because they don't want it, but personally the downvote button ensure that people can be intentional about a certain proposal and vote against it.

Thanks for the support.

thebighigg 2 days ago

A down vote mechanism would be wonderful, and is sorely needed. It's silly that some of these proposals pass with just a vote of a few people, and those of us without as much HP have no say whatsoever. Great post!
!hiqvote

0.34 VYB

3 votes

josediccus 2 days ago

I think those with the stake are enjoying the privilege of skin in the game and they deserve that. PoS seems unfair, but basically the mechanism is for protection. I would really love a overhaul

hiq.smartbot 2 days ago

@thebighigg, the HiQ Smart Bot has recognized your request (3/3) and will start the voting trail.

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jfang003 2 days ago

I think there needs to be some changes to the proposal system, but I doubt much will change. I think being anonymous would be good, but that would also cause issues with the proxy voting system. People could figure out what someone is voting for by checking that proxy. So I guess it's a harder issue to know exactly what to change.

0.34 VYB

josediccus 2 days ago

I understand that anonymous voting will be somewhat complex and even I feel it might be unrealizable but I think it's just one way to get people to be actively involved in governance or something like that..

gadrian 3 days ago

As a concept, anonymizing vote on DHF proposals could offer more freedom to everyone to do what they want with their vote without assuming it publicly (which is what we do on legislative/local/presidential elections). So, there could bring out more voters who would like to keep their option private. Maybe... I don't know if it would be better or not to have not publicly assumed votes.

The other aspect is the technical one. It's one thing to have one person one vote, another to have a stakeweighted vote, where anonymity could easily be broken by matching HP to votes. That, of course, if things wouldn't go deeper, and the actual vote stake isn't obfuscated, but that would lead to many controversies and maybe making it hard to verify if votes are accurate and calculated properly.

So yeah, I guess the first step would be the option to have voting for and against instead of only for plus a threshold. But there are many reforms that are needed at a more granular level, that gives more power to the voters on releasing payments at delivery or milestones (this would be one type of project, others can't be fit into this category of projects - for example paying for some infrastructure operational costs, or for the HBD stabilizer).

0.89 VYB

2 votes

josediccus 2 days ago

There are advantages to anonymous voting although I understand that it's probably more complicated than it seems and might bring other issues. Honestly I know that there are those who will take it upon themselves to find out where the HP is coming from. However I think the ultimate way to get people involved is to make them anonymous.

This is probably simpler. I have participated in governance before and most of the time people want to participate but not face public scrutiny.

If we cannot actualize this, I think then, the DHF needs a massive overhauling. If for nothing but for potential investors who wants to put their faith in what we have here..

0.10 VYB

gadrian 2 days ago

people want to participate but not face public scrutiny

The easy way to do it but by giving up your choice of governance vote is to set a proxy. Then your stake votes on governance (or not, depending on the proxy), you aren't directly exposed to public scrutiny, but you also have no say regarding what your proxy votes for or doesn't.

josediccus 2 days ago

I think I have used a proxy, I can't remember for what. However, I usually just ignore a proposal if I don't feel like it's worth voting for, most of them actually aren't.

gadrian 2 days ago

Yeah, unfortunately. It's bad that people don't feel excitement to support a good part of what's being funded by the DHF.

fredaig 2 days ago

Its too bad inleo didnt get the vote though, i see nothing wrong with the project as alot of users has benefit from inleo over the years,