RE: The HBD Peg Conundrum
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Well, We've thrown the entire "community development fund at it"... And some post rewards also.
I can't wait for the Gofundme.. and a Jerry Lewis Style Telethon!
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Putting the buckets out while it's raining.
Look I realize it has nothing to do with the peg and everything to do with buying back inflation, but no one is doing themselves any credibility favors with this.
First two proposals, Okay fine. At first, maybe slightly annoying when it got to the posts, nothing to get worked up about. But de-funding other projects and saying they were OVER funded is hilarious.
It's DPOS.. I get it. They can do what they want. I get the system and support it.
I just think it is a disingenuous way to go about using the fund to try to buy back inflation, and it is going to continue to look as if it is failing.. Because the stated goal is not the actual intent. Which either makes one look like they are incapable or dishonest.
Why not just call it... Use the unpegged HBD funds to buy back liquid Hive because we don't like the price.. Or something sexy like that. :)
I don't personally believe any project was overfunded, they were receiving the HBD that they asked for. HBD is meant to be at least $1 by network rules right now, but those taking funding from the DHF also take the downside, below-$1 risk of it too. Anyway, I didn't unvote anything but the return proposal lately. I think the DHF can afford the few HBD for those <10 HBD/day projects that pay for hosting costs, at the very least, and I hope to see them get voted back in even in a frenzied HBD market.
They can still pay hosting costs getting overvalued HBD for one month (which would be more than needed for hosting, unless hosting is priced in HBD, which I doubt) and then getting cut off for a while. That said, I mostly agree with you about the small projects. Not worth the trouble. I haven't unvoted anything.
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