The Leo finance proposal: to vote or not to vote?

neoxian in #hive-177682 • 4 days ago

I had been voting on the Leofinance proposal for a long time, most of last year, but today someone came in my DM asked me to remove my vote. I'll call this person X, and it's someone I've known for a while and have respect for.

X claimed various reasons such as

Their onboarding didn't produce much results for the money paid.
Using an AI bot to boost activity
a comparison to SPL who powered up 1.5 million hive, and leo didn't power up any (?)
Poor KE ratios for the the founders (i.e. extracting lots of money out of the system)
Leofinance witness had trouble a few months ago, and their reaction was very poor and dismissive (to be fair though, their witness seems to be fine now)

So I was convinced, at least temporarily, to unvote the proposal.
About 10 minutes later, Khal was in my DMs! He moves fast! To convince me to restore my vote.

I'll admit I'm a bit torn.

So I asked another friend about Leofinance and if I should vote them, and his opinion of Leo is negative as well.

His reasons were:

don't treat older investors with respect
don't acknowledge previous failures
lots of people lost money in leo
they don't produce enough results

So it does seem, at least among some people that Leofinance has a bit of a bad rep. This honestly surprises me. But you don't earn a bad rep for nothing, if two of my friends who I respect are saying bad things, there may be some truth to it.

So I'm asking you, dear reader, to vote or not vote?

Please comment below, with thoughtful and logical arguments, please avoid emotional appeals. Good comments will be upvoted with my thanks.

#neoxian #leo #pob #tribes #palnet

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tsunsica 4 days ago

I've been using Inleo for two, close to three years now. The amount of improvements made since then has been incredible. The site keeps growing in activity, adding new features, working with the community.

There are weekly AMAs where the community can ask their questions live and Khal responds, they can also make suggestions that are listened to and put into the development plans, for example, there is a function called Threadcast, a live chat, that wasn't even part of the original plan, and we were having constant live events, so we as a community asked for it and it got built. Lot's of users were asking for making the site available in multiple languages and that was just launched.

And is not only Inleo, the social platform, that has been built, LeoDex was also built and it makes possible things like the partnership with Dash that went live at the end of last year. I've seen the new users come, I've seen them active, and I've seen them buying Hive and Leo, of course not all of them are investors, but getting people to buy Hive, Leo, and interested on other Hive tokens is something you don't see much from the usual onboarding initiatives that get mostly content creators that don't buy, just earn.

When it comes to the AI,it's important to know that some users have AI projects which use Inleo to post, but it's totally their personal projects and their business, as other users have subscribed to them to be able to use their services, so it's actually real usage there, from users to the users.

The creator subscriptions have been really good for people to offer their services (like the AI I mentioned before), their knowledge, and more. This created a new way to earn for users that doesn't depend on the rewards pool.

It has also made the experience more similar to the Social Media experience. Every time I show Inleo to people around me they can see themselves using Threads as X, using Shorts as TikTok, even if they don't see themselves writing articles, they see themselves as consumers, which Hive needs a lot of.

My own activity is mostly on threads, because I like the way I can engage there, I like how the community is so close and involved, even the new Dash users have quickly been able to adapt. I would love to see the partnerships with the other ecosystems, which are what the proposal would support, being as successful as the Dash one.

0.46 VYB

16 votes

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pizzabot 3 days ago

PIZZA!

$PIZZA slices delivered:
@danzocal_(2/10) tipped @neoxian