is hive worth accumulating?

firstamendment

Published: 26 Oct 2024 › Updated: 26 Oct 2024 is hive worth accumulating?

is hive worth accumulating?

I have returned to class over the years since the plandemic, and done many things off of hive. I have returned for a special project only to be plagued by a really bad actor, one that just about everyone rightfully hates, for doing some archival work for the upcoming election. A cancer that is being financially supported by the DAO, namely due to an oligarchy mostly dominated by blocktrades (if you are reading, please read to the end), that chases off more users and discourages potential investors and innovators. And so this lead me to trying to learn more about proposals ( https://peakd.com/me/proposals ). The insane HBD interest rates have been bothering me for some time. But I see, lo and behold, there is a proposal that stabilizes HBD. I could be mistaken as I don't have the data yet, but the stabilization of these HYIP yeilds, and HYIP yields scares real investors because it screams scam, likely comes at the detriment of hive itself (are you paying attention blocktrades) to restore hbd back to a dollar.
So we have insane interest rates, we have an insane nutcase trying to censor content from the front end scaring new users away, and it is possible that the value of the coin of the use case is being destroyed in the stabilization effort to prevent the inevitable collapse of HBD from the mismanagement by certain witnesses. Also look at the daily pay the devs are getting, multiply that by 400 then deduct 10% [and add 5x the daily, if you really care]. That is how much they are being paid from the DAO per year. I am not going to bad mouth any project (besides hivewatchers), or express specific concerns, but leave it for the user to decide if these projects really bring value to the chain for what is being paid out, or if they really delivered what was claimed. There are no options to debate, to negotiate better rates, to see if there are more cost effective alternatives or business models, and so on. I know not all of the readers are developers or know the first thing about servers and that is ok, a lot of common sense can go a long way. Paying $x*100,000 per year to onboard users, and the number of their users only went up 200 over the course of over a year...isn't exactly a good use of the DAO.
There is more centralization on the chain than besides the whales, something the could lead to a catastrophic failure of multiple projects for the failure of them developing in house solutions. Why are they taking in 6 figures, and not addressing this weakness that might take a day's worth of coding and some hardware that the DAO, in principle, is paying for anyways. But that is another issue, I won't advance further at this moment of time.

Granted not too many people care about proposals; that's a side issue; Most users would like to create and express their creations, and there are many many untapped potentials that the halfwit hivewatchers shortcircuits over. However, it seems like non-proposal creators are slowly being boiled alive by the current mechanics. I don't think that most whales, despite the obvious HYIP flag and despite a heightened duty to do their own due diligence, are aware at the mechanical dynamics in place. Even Hive account@blocktrades , in his wallet, is mostly staked HIVE (see I told you to continue reading).

It looks like at present, the debt ratio is about 9% ( https://www.hbdstats.com/ ), up from 7% a few months ago ( https://www.publish0x.com/bala/hbd-interest-rate-is-slowly-changing-xnkjywv ), and we have a 15% hbd interest rate. When the debt ratio hits 30%, new hbd should stop printing ( https://hive.io/hbd/ ). So holders of hive could bleed a lot more until the whales really take ownership, and stop this apoptosis, and protect both the chain and their investments. Once the debt ratio reaches the 30% point, those holding hbd shouldn't see further interest returns. Those in the know likely will sell off prior to this, those who were blinded have the incentive to find better investments. As they sell dropping the price, i think the dao will still be funding the hbd stabilizer...to convert and sell off more hive.

Until I am presented with better information or I see a commitment from the oligarchy to do better, my personal answer is no.

let's pressure the project owners to do their own decentralization. It appears that if just one particular project owner say dies of a heart attack, a lot of projects, some arguably mission critical, will cease functioning until they do what they should have been doing with their DAO funding to begin with....years ago.
Let's decrease the hbd interest rates to be more on par with risk free rates.
Let's either abolish, or amend the proposal system to make it harder to exploit by those who offer value and do not deliver or otherwise do not bring enough value (at present the faq makes clear there is no accountability), or increase the votes going into gtg's return project #0 to make it harder for project owners to exploit the dao.
Let's start to phase out the hbd stabilization project.
stop funding hivewatchers.

on edit
since I have been targeted by hivewatchers for their personal interest, in violation of their dao constituting wire fraud, I will not make anymore post here. Some corrections as to the above: if the number of unminted hive gets too low, and alternate conversion price will kick in; What that means is that HBD will lose its peg of $1, and holders to maximize sell off value would have to sell.

While I will not formally accuse anyone of guilt, besides wirefraud for which the attitude off pharesim is the USDOJ will not do anything with hive anyways or the foreigners abusing it (meanwhile, I am looking to join the trump administration, and I also qualify to work for the USDOJ). The same people behind hivewatchers is also behind the multimillion dollar marketing plan, called value plan. At face value, this reeks of total incompetence; The entity that scares away the most users and feigns ignorance is the entity trying to onboard people. While there are serious accusations of fraud in venezuala-for which receipts will not be provided (as a commenter, as valued-customer pointed out in the comments)- and questionable marketing schemes such as buying a rally car for, as the Hive account@themarkymark puts it, for a senior citizen to drive [in a 3rd] tier race, in a poor country, and often finished last ( @themarkymark/re-forkyishere-smhbd4 ). Although I have asked that the redacted versions of the receipts be provided as well as the cost benefit analysis of value plan, I was kicked off the hive discord page for opining about hivewatchers. I shouldn't have been kicked, but pharesim is far too protective of hivewatchers-and seems to hate america calling it a s hole country; since americans are large investers in crypto, let's just keep that in mind about what they really think about American investers. The upwards spike in crypto at the moment is due to Americans Electing Donald Trump. Guiltyparties, who is a part of hivewatchers, claims pharesim is not a part of the group-even though the dialog intellect, and behavior of pharesim are exactly the same. It's a very cult like mentality, which may be what they, whoever they are, are after on hive; a hive mind. If users get to close to the sun, their waxen wings will melt and they will cease to be. They will be festering angry strangely about what they seen on multiple other platforms further injury the marketting, yet they never left the atmosphere to see how bad things really may be. Themarkymark pays more attention to the mechanics of hive than I do, and at one point he noted we were paying hivewatchers some $350/day to prevent $20 worth of abuse ( @theycallmemarky/is-hive-watchers-doing-a-good-job ).
I am developing a new project, and I found a bug in hive's condenser. I was going to report it, but lo and behold, guiltyparties is a moderator there. I already worked around it, but geesh. He's also a moderator in the hive discord too.
There may be a larger ecosystem out there in this nexus of hivewatchers that is eating up the dao. Something blocktrades may want to investigate, because, if left unchecked, this ecosystem could overwhelm blocktrades centralized control of the chain. Although bad greed may not work that way, particularly when there are instantaneous real world rewards and perks.
Those who contend that we need hivewatchers may point to an old botnet (paying $95/day to stop $20 worth of abuse) , or to stop abuse. Some abuse is serious like scams and phishing, and others are well petty and more commonly associated with people onboarding on new platforms aka plagerism-and the front ends have copyright take downs too. But here is where I will be more cynical. If the front ends actually rely on hivewatchers as hive supporters supporters posit, then we are then paying the front ends obscene amount of money to give a pass on developing their own security protocols for content. This is concerning, although it wouldn't be fair to the front ends to make such an accusation since they may just be scapegoated by the hivewatchers (and also I didn't check their githubs to see one way or the other-how much time does one want to devote to a single post). Supposing the sites do have security protocols, Most front ends that spring up will likely use what is already on the github and tweak it to their branding, so the security protocols should be preserved by default-although a bad actor could override those defaults on his own front end....just like a bad actor could make his own scam posts appear on his own front end. So what is the reason we have hive watchers, other than to dilute our finances to enrich poorer countries and, yes, specific private individuals?

Why do we have a dao, since most front end could just use a beneficiary tag. Sure developers, like me, could bypass the beneficiary tag, but the front ends don't have to display posts where they don't get a cut.

For those with a greater concern about how blocktrades is managing hive, consider taking to an attorney about "piercing the corporate veil". The rules may vary by state, and typically this doctrine tends to protect stakeholders behind a LLCs. Hive is not an LLC, but blocktrades is some kind of legal entity in the Cayman islands which may require greater research (they claim to be an llc in the cayman islands on a trademark application ( https://tsdr.uspto.gov/#caseNumber=88061545&caseSearchType=US_APPLICATION&caseType=DEFAULT&searchType=statusSearch ), but deny it in court https://www.courtlistener.com/docket/17253432/80/notestein-v-bittrex-inc/ with the sole shareholder in western virginia claiming to be a limited liability entity ( https://www.courtlistener.com/docket/17253432/80/1/notestein-v-bittrex-inc/ )). Hive wants to pretend it is a decentralized community based thing so that certain whales can do bad things with impunity across the globe with no accountability, and the worst actors are foreigners who hate Americans.

anyways, remember this lawsuit, so as to remember who in the US to serve. https://storage.courtlistener.com/recap/gov.uscourts.vawd.119172/gov.uscourts.vawd.119172.1.0.pdf

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Written by firstamendment

Hive is not a place for free speech, you have a social credit score that destroys your reputation and could hide your posts-and push you back to traditional social media. When someone using the name first amendment has to tell you that, having been chased off on the irrational whims of the gatekeepers, you know things are bad. Consider also that one of the main whales, a Dan Notestein, operates a non-profit called peer verity that seems to be some kind of censorship tool. So when you hear that Hive/block chain is a place for free speech, don't believe it. The audience you'll find off chain is larger than you'll ever find on chain, I'v steer national debates countless times across all media platforms multiple times-including top network Tv stations and the international press. You can't do that in w3, the ecosystem doesn't support that yet-and at the present moment x, or twitter, on w2 has the present dynamics. On hive, You are a tree in a forest, on some deserted island thousands of miles from anywhere-and hive watchers, or should we say valueplan, don't want anyone on the mainland know we exist. If you want to be heard, You have to know something about how the media business works-and they are not here. So whether you make a quarter on hive for a post, or your self-vote is worth hundreds of dollars, nothing you say here will ever be deemed important at the present dynamics. Valueplan can spend millions of dollars for marketing to attract tourist to this island, only for their tourist to step in a steemy pile of bull s___, and be served that same pile of s__ for dinner, and leave telling others how bad the experience was. You believed in hive and its potential, but the governance and their censorship arm doesn't believe in you-they'll even destroy entire communities just because the community leaders were trying to tolkenize developing a community here, when there is hardly anyone left anyways. They are not thankful people use this platform, they are actively hostile to it. The dynamics of hive governance has to change if it is to have a future, otherwise you are wasting your time-and money. Many of those behind hive governance got into crypto early effectively winning the lottery, many were part of a prior chain called bitshares, and were part if the notorious ninjamining about a decade ago. In essence they hit the lottery and have money and power, they don't know how to operate a business to the public, and despite having no merit they think they are better than you. They already destroyed bit shares, hive is next if they remain in control. This same team is behind valueplan, responsible for attracting new users-or so they claim. Since they exhausted the market in the developed world and started the bright idea of onboarding the third world-which is unlikely to have water, electricty, internet, and disposable income. Nothing against them, but this is not a solid investment plan, something where people are more likely to liquidate the new assets released from the DAO. The average IQ is typically about retarded to put it mildly, so the expectation for them to stake hive dollars and have a stablecoin is laughable, and what to do with them other than to liquidate them below fair market value. It should also be noted that Dan notesteins planned charity on bit shares, that he hates government regulations, and it is fair comment to assume the Value of hive is being destroyed to run''s Dan's charity. While valueplan is full of fraud and waste itself, the bulk of the existing governance is a fraud not interested in developing a community-but in destroying it for their own power or financial gain. I seen the price tank from when hivewatchers targetted me, from 20-40 cents, down to a about dime now. If something happens badly to bitcoin or crypto, particularly a systemic threat to the crypto market (like say the democrats winning an election), or if the current dynamics continue then expect to see further declines. I haven't seen "the Koreans" try to market manipulate the coin in ages, did they lose interest in hive too? You see the whales pretending to care about the bleeding through the dao, particularly with value plan, but they offer nothing of substance to fix it-"they" need the fraud to continue. They are scared they will soon complete the repeat of what they allowed happen to bitshares. Oh, the distinction is we have a hair cut rule. The hair cut rule might prevent infinite coins, but it will not stop the complete devaluation of the chain. Hive will not be saved through the current governance, it's impossible. in time, the core projects will not be funded. A decision will have to be made to fire devs, or shut down mission critical projects-whom we probably don't need devs for anyways, let alone multiple full time devs. There will no tangible reward, and the audience is already pretty much non-existent as they've been scared away. It's not like we can fire the current governance, they are lottery winning ninjaminers. When the coin does go to zero, don't expect them to sell a dead coin-dead coins and dead wallets tend to be forgotten about unless new value is found. Dead coins also tend to be delisted. If someone were to try to save it post apocalypse, these whales would come back to restore the old order. If these accounts become dormant (their bots may continue to up/down vote and post AI/reports) as to allow new interest to take over, the first thing that must be done is to find a legal means of rendering them impotent. Not like Justin sun, but perhaps in the form if an air drop to the remaining active community, or to a central planner who can give the community a new direction.

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is hive worth accumulating?