Hive Witnessing and DHF: A Vote of No Confidence?

josediccus in #leofinance • 4 months ago

There are currently no smart contracts on the chain, and a lot of people have questioned why Hive hasn't made this tech smarter, trendier and even with more utility. I know there are many smart people on this chain, and some of them genuinely want the best for the chain.

The process of getting things done on Hive is extremely bureaucratic.

Some of the top witnesses worked hard to get there, and I understand that they may not want to listen to everything Tom, Dick, and Harry has to say about how to improve Hive, but they can also be adaptable, because being witnesses does not imply that they know everything.

However, many people's votes put them there, indicating that the majority of people trust their decisions; this is democracy, and while it may be frustrating, it is how it works. Many projects have come and gone on Hive, but the most sought-after are Leo and Splinterlands.

Hive-engine is one of the best products built on Hive. However, we have more projects that have failed than those that have succeeded, so my question is: why do we have so many smart people on Hive, but so many projects that never really succeed?

Some may argue that this is due to the DHF's lack of support for solid proposals, but this is not true. I have seen minor projects receive funding. Apart from the bogus proposals made by some well-known users, it is difficult to find smart proposals out there, despite the many brilliant ideas that many people suggest on a daily basis through their posts and so on.

I understand how difficult it can be to come up with proposals and begin lobbying for their support; however, the witnesses do not always agree with one another. The HBD APR issue clearly demonstrates this statement.

There is no consensus on why it should not remain at 20% or why it is preferable to stay at 15%. There are few witness reports, and there are no comprehensive posts explaining why some things are not done or why others are done.

Fair enough, I used to see witness updates and such, but they were rarely about the state of governance, improvement, and statistics; it was drab. Politics can be unclear at times, making it difficult to put things into perspective.

So sometimes people are left with only complaints, rants, and so on.

They appear to hold their thoughts on ideas and then throw them around without proper access to witness reports. One might believe that there is nothing wrong with those, but this leaves the chain and its users grossly misinformed and uneducated about what has been passed, why it was passed, the actual upside and downside, and why it is better for the chain going forward.

Being uninformed creates FUD, which results in a vote of no confidence

Hype is an important factor that contributes to FOMO, and with the utility and usability we have here, we are deserving of that hype.

I recently saw a post where someone (Lordbutterfly) discovered a way to pass the splinterlands proposal, and to be honest, I think it is a shame that one person has to create a buffer between the splinterlands and Hive faithfuls.

It makes me wonder how the proposal could still be hanging in the air if no one was willing to bend the knee and do what was best for both the splinterlands and the Hive, rather than flexing the muscles of rightness, wrongness, and entitlement. No one was willing to do what was reasonable and intelligent; instead, it devolved into a war of words and miscommunication.

I believe I can say that ego is the Achilles heel of stakeholder-based governance; people prefer to please their egos over doing what is reasonable.

So, I believe that anyone who has something to complain about should take the initiative to do so; if witnesses do not work, perhaps people can withdraw their support and support those with better visions. Again, I understand it has to do with having a stake, but it is nothing that a couple hundred Orcas and Dolphins can not accomplish.

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#Leofinance #hive #crypto #blockchain #hive-engine #proofofbrain #waivio #vyb #neoxian #ctp

4 months ago in #leofinance by josediccus

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monkmasters 4 months ago

Just like all types of governments that involve voting. In the long run, we get what we deserve.

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josediccus 4 months ago

Well, that's not wrong

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libertycrypto27 4 months ago

!discovery 30

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daniasi 4 months ago

Can't really say much, the whole consensus procedures on hive chain always seems a little complicated to me. There is still a lot to learn. Wishing the best for this chain.

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josediccus 4 months ago

You're right, governance on Hive is quite a complex thing..

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gadrian 4 months ago

We like it or not, most people in crypto think with their wallets, and at least some of them often in dollars, because that's how they pay their expenses. When their wallets show a low amount, they get upset, conflictual, and nothing pleases them (except the portfolio going up again).

Decentralization is not easy, that's for sure. Making decisions in a decentralized manner when ~~everyone~~ many people are on the edge is difficult because every difference of opinions risks becoming a conflict and many previous conflicts resurface.

I agree with what you said, it has to do with egos a lot, which is bad for a decentralized ecosystem because it makes decisions and execution harder to make. Finding the middle ground is not easy at all in such conditions and with all the exacerbated egos.

I completely agree with your assessment/thoughts regarding the Splinterlands DHF proposal and the linked SPS.DAO proposal. We have to be honest, the SPS stakeholders were very mature about this.

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josediccus 4 months ago

When their wallets show a low amount, they get upset, conflictual, and nothing pleases them (except the portfolio going up again).

I've seen people like this who are actually lashing out on Hive, probably because their bags have not mooned and they just FUD Hive on a daily like it's no man's business. It can be really disheartening.

I agree with what you said, it has to do with egos a lot, which is bad for a decentralized ecosystem because it makes decisions and execution harder to make. Finding the middle ground is not easy at all in such conditions and with all the exacerbated egos.

I saw people who say that because they didn't benefit from splinterlands that they cannot support the proposal, which I find very egotistic. There are those who actually said the opposite, and it is just conflicting. Decentralization by stake based-governance can actually brew conflict, and the HBD APR and the SPL funding caused a lot of issues, when these ego can be actually channeled to making the chain better.

At the end of the day I think it's important that we all realize these flaws that comes with decentralization and all. We can actually take advantage of it, rather than allow it to limit us.

I think the witness system needs to improve and their needs to be more communication and more actions, the inactions and lack of communication isn't great for the chain

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gadrian 4 months ago

I think the witness system needs to improve and their needs to be more communication and more actions, the inactions and lack of communication isn't great for the chain

I understand witnesses who don't communicate often publicly. I don't agree, but I understand. When their positions are relatively safe, when some of them may not be great talkers or "politicians", but better on the tech side, they'd rather not shake things up.

I do believe the future will be, apart from a very few witnesses, collaborations of people with different skills. Kind of what the Town Hall witness was formed like, but others are too collabs of at least two people.

I saw people who say that because they didn't benefit from splinterlands that they cannot support the proposal, which I find very egotistic. There are those who actually said the opposite, and it is just conflicting. Decentralization by stake based-governance can actually brew conflict, and the HBD APR and the SPL funding caused a lot of issues, when these ego can be actually channeled to making the chain better.

We shouldn't judge too harshly neither side here, in my opinion. While some egos played a role, others entered into an overprotective stance due to the market conditions and the pressure from the community about the DHF spending. What I don't understand is the words that were being thrown out or tones used from start to end from both sides, without much thinking about their effect, especially with many people at the edge. Luckily, they calmed themselves (publicly), and things didn't degenerate.

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atlashv96 4 months ago

Disensus is a democracy issue as you said, but I think the problem of failed projects does not come from burocratic processes, on the opposite, the problem is precisely that there are not controls approving and tracking projects on the blockchain, which causes too many failed projects because anything could sound good but without a proper metodology everything will fail. What Hive needs is a higher formalization and a greater level of proffesionalism, because this way every cunning child that arrives to the chain with a "cool idea" will receive support indiscriminately. It slowly ruins the blockchain, projects are not managed by simple faith, managing projects has a metodology and a tracking process precisely to reach specific objectives in a certain period of time, with a clear return for investors, in this case, for the Hive blockchain. Do you think that any company finances any project just because it sounds good? No bro, they ask for a proper planification, budget and schedule, and in most cases financers ask for a prototipe or a performance metric of the project, this means that people looking for financing their projects must start over zero with their own inversions, alone by their own. Hive must be managed as a business, and inversions should be evaluated to have success.

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josediccus 4 months ago

Unfortunately it's even more complex than you think. The projects that failed didn't just have solid planning and didn't plan for sustainability. Even Leofinance and splinterlands that are the most successful actually have their flaws, but for now, they're still standing strong. To have a proposal approved, I think you need to even have some form of longevity on the chain, and contrary to what you've said, people who have cool ideas don't get approved, unless it's been proven that they actually know what they are doing.

However, governance, decentralized governance is just harder.

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atlashv96 4 months ago

Then, the situation is even worst than what I thought.

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rafzat 4 months ago

A lot of people see people with more stakes as those who have better visions. Also, I just asked someone what it takes to be a witness and I’m sure he’d respond
Maybe I’d be a witness someday

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josediccus 4 months ago

Well, stake on Hive is respected because it is what actually makes the chain survive.. more stake, more value

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jfang003 4 months ago

I agree with the actions. If you don't like someone's action, you can always revoke the support. In a way, that is the same for the HBD interest rate, witnesses and proposals. I do think that it's still a large whale game because they have the most influence. Orca and Dolphins can make up the difference but it's harder to get even more people to agree on something.

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josediccus 4 months ago

It's harder to get a lot of people to agree on something, I actually agree on this. However, Orcas and Dolphins have a say, if they can build a stake and actually participate, I think it's worth it. As for the actions, I think people should just revoke their votes if they think a witness is not representing them well

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thebighigg 4 months ago

I agree, we need smart contracts, we need to stay relevant. While Hive is a great place, it needs to grow and offer more. I think the APR drop was a good start, but we need people to build here otherwise in the long term Hive will be doomed. Those who don't keep up with the competition end up dying, that's the last thing I want to see happen to Hive.

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josediccus 4 months ago

I don't know why we don't have smart contracts yet, this is why I think the witnesses don't communicate enough with Hive users here. Explaining why we don't have them yet is actually very important, unfortunately the witness are more silent in their decisions and this is why I exactly said it createsFUD

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bleujay 4 months ago

Well said @josediccus .

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