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This is a value for value post: see the explanation in the footer.
DHF
I get to use one of my favorite, somewhat obscure and slightly rude, Englishism. My proposal for funding to keep v4v.app running has been "up and down like a whore's drawers".
The proposal gives me HBD 3.125 per hour when funded. That sounds like a lot to some people or a little to others. It's HBD 75 per day and so far I've received HBD 1,478 on this proposal. When I started up first @podping and then @v4vapp I received higher amounts for the beginning as I was getting the code first deployed.
Podping
Of the money for @podping, nearly all of that stayed in the Podping account, got powered up and is used to run the system upon which some of the coolest new features in independent Podcasting operate and is used by probably around 20% of all active podcasts today (the podcasters themselves probably don't know this).
V4Vapp
This was a huge amount of work to build for the first time. It's probably the largest software project I've ever done and having thought when I started that I would hire people, I ended up changing my life around and learning to do 99% of it myself.
I had planned to be able to hand the code over to anyone but I haven't got there yet. Looking at the first code I wrote (the bit that isn't open source right now): it works remarkably reliably, but it's not good enough to hand to other people.
The Lightning side of V4V.app is probably more of a challenge than I anticipated. Lightning has not got easier to run over the last two years. In fact it may well be getting harder. I started to explain this but if anyone asks I may have to do a separate post.
Aside from moving HBD to Hive and then to BTC, most of what I get from the DHF has remained in Hive or been used to pay for things like @privex hosting and my Lightning Node. Probably my largest
Unfunded
As a result of some behind the scenes discussions (which I do believe should be happening more in public but aren't) I know some of the larger accounts have shifted votes around upvoting the return proposal mostly. This is why, despite continually picking up lots of small votes, my project is below the threshold.
There is unhappiness with the way the DHF operates and with priorities on Hive which I understand.
I'm continuing to run and develop v4v.app and I still want to add the new Patreon style system I'm planning.
Reality: Hive's not big enough
If I were to charge fees big enough to justify all the time I spend on @v4vapp, nobody would use it. Hive (and Lightning) doesn't have the scale to make this profitable. It can just about break even (though even that is a stretch) but not if you include the time I give to keep the Lightning side running.
Fee Changes
I have in the last day made changes and pushed the fees up. It is now 1.5% + 150 sats on all transactions.
I've also made a change to stop a form of what I consider to be abuse. V4V is not a bulk exchange. It is clearly meant for small transactions in and out to actually do things with Lightning. Moving large volumes of HBD to BTC is not what it is for.
If you want to do that go to Simpleswap or any other service you can find.
To counter this I've decreased the rate limit and if one particular user keeps sending maximum size transactions at the rate limit I may be forced to decline service. I'm not going to act as a bulk exit liquidity system from Hive.
Pretty stuff
In the last few days, and thanks to @ausbitbank's amazing AI Artbot (find it on discord) I've added new backgrounds to the credit card look on v4v.app. Click on the card to change the background!
Behind the scenes I'm making big changes to support the regular payment system I want to launch, but that's taking second place to other parts of my life as I have to pay attention to finances.
Value for Value
For the last few months while building @v4vapp I was generously supported by the DHF. Going forward I have a much more modest support which covers direct server costs and a little of my time.
If you appreciate the work I do on and around Hive, you can express this directly: upvoting posts on Hive is great. Also consider a direct donation (there's a Tip button on Hive or a Lightning Address) on all my posts.
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Vote for Brianoflondon's Witness KeyChain or HiveSigner
