Hello SPIers, huge news! The DHF return proposal has been voted up to over 60 million HIVE POWER and currently, the only thing getting funded is Ecency. This has flipped the script and DFH might never be the same again.
In an instant, 13 projects have lost funding totalling $24,943 a day. The HBD Stabilizer and Value plan were both getting funded with $10k per day and this makes the bulk of what was being paid out. For the remaining 11 projects, they were receiving between $50 and $665 per day totalling just under $5k. These are ballpark figures.
Yesterday the DFH had a daily cost of $25,339, today it is down 98.5% to $396 for Ecency and in 27 days it'll be $0 when their proposal is fully funded and finishes.
Im sure this is shock to many reading about this for the first time.
Why?
- The short answer is @blocktrades voted up the return proposal with 26 million HIVE POWER.
- The long answer is something Blocktrades only knows. I personally have no idea but im sure they are very aware of the impact their vote would have and it's a calculated move.
Is This Good are Bad?
If you were asked this question a week ago, im sure your answer would have been strongly on 1 side are the other and very black and white.
- If you are pro return proposal, this is like the ultimate win with pretty much nothing getting funding and the bar being set so high.
- If you are anti-return proposal are have an active proposal, this is the worst-case scenario for many.
Now that the return proposal is voted up to nearly 62M, your feelings might become more grey as you see projects that everyone uses like KeyChain not getting funding anymore ($600 a day is a bit much for a browser extension to be honest). Im sure alot of us will be happy to see some things not getting funded while at the same time thinking other things actually do deserve funding.
Is this good are bad? Time will reveal the answer
My thoughts
We might see alot of projects that have just lost funding putting out posts to promote themselves and explain their situation. Some will beg for votes, others will adapt and continue on with less money and a few might threaten to quit and wrap up their projects. We'll find this out over the next few weeks.
Now that the bar to receive funding from the DHF is so high, the chances of someone are a group of people being able to manipulate it is lower which is excellent for our decentralized chain. This might entice more users to vote on proposals they like because they will feel like it's less manipulated and a more even playground with larger accounts having less impact.
My thoughts are mixed, maybe like 70% good, 30% bad. SPinvest as a collective will continue to only vote for the return proposal but might reevaluate this in a few weeks/months after smoke clears. I dont see SPinvest ever voting on individual proposals but we might consider removing our vote from the returned proposal to be become neutral. We would run a poll vote post to decide together and im happy to do whatever investors are good with.
Most Importantly! What are your thoughts?
Share your thoughts below in the comments, im sure this is a shock to many finding out about this just now. Do you think this is good or bad, what impact do you think this will have short/long term? Let me know
Getting Rich Slowly from June 2019
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token | @spinvest | SPI |
| LBI token | @lbi-token | LBI |
| Top XV token | @spinvest | XV |
| Eddie Earners | @eddie-earner | EDSI |
| EDS miners | @eddie-earner | EDSM |
| EDS mini miners | @eddie-earner | EDSMM |
| EDS-vote | @eds-vote | n/a |
| EDS DOLLAR | @eds-d | EDSD |
| DAB token | @dailydab | DAB |
| DBOND token | @dailydab | DBOND |
| RUG token | @rugem | RUG |
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