Week through Adrian's Lenses (18-24 May 2024)

This is the #72nd edition of the "Week through Adrian's Lenses" weekly Hive and crypto news roundup.

Let's see what we have for this week. We cover:

Hive

• HiveFest
• Lite HiveD Nodes
• Peak Open Projects / Polls
• Hive Newcomers Experience
• Propolis Wiki
• Splinterlands
• HiveCuba x2
• Class Action

Crypto

• Ethereum ETFs Approval (not!)
• Bitcoin Pizza Day

Week on Hive

11 of 27 tracked posts made it to this week's issue of the "Week on Hive" roundup.

In the Spotlight

HiveFest Update: First Speakers, Hotel Recommendations, Tickets

After finding out the location (Split, Croatia) and period (10-15 September) not so long ago, this week a new announcement from the Hivefest account introduced the first confirmed key speakers at the event (howo, arcange, blocktrades, theycallmedan, starkerz, vaultec, techcoderx, and stoodkev), as well as present hotel recommendations, and announce that purchases for tickets to Hivefest 2024 are open.

The regular price of the ticket is 299 HBD, which can be subsidized for lucky plankton and minnow users who cannot afford it but want to participate, and with the option to overpay to cover such subsidies.

Governance / Development / Dapps

Cheaper Nodes For Services with Split Block Logs

One feature I didn't expect on Hive for the time being, but here it comes very close to being released: split block logs, which would allow lite HiveD nodes.

HiveD nodes would have the option to hold the full blockchain as one file (as it is now), or hold a minimum specified number of blocks from the end, split in 1-million-blocks log parts, except the last one, which would contain the remaining blocks to the head.

That accomplishes multiple things:

On one end, HiveD nodes don't need to hold the full blockchain. This is a good and potentially a bad thing, too. The good part is it reduces storage costs for those who choose this option. Particularly useful for services and maybe some smaller apps. And if services start running their own lite HiveD nodes, that reduces pressure on public API nodes. The potential bad thing is it can add another centralization risk, especially if many choose this option, relying on fewer providers of the full blockchain.

On the other end, another benefit of the split logs is that only the last ("top", as Dan calls it) split log file is both read and written to. The rest of them are read-only. I'm not an expert in taking care of the health of SSDs on the long term, but my logic says this is a good idea, even if someone holds the entire blockchain as split logs instead of one file.

For full details, read the development updates from Blocktrades.

Review of the Peak Open Projects

In the eve of a maintenance proposal, Peak Open presented the 10+ projects under its umbrella.

Among them, the Polls protocol was recently upgraded to support multiple choices and results by HP. Also to have the option to only show results after one votes.

Some Ideas to Simplify Hive Front Ends

@lordbutterfly provided some ideas on how to simplify Hive front ends. I believe changing the name of HBD would be counterproductive, despite being probably a good idea to have "USD" in the name for "mass adoption", but otherwise, many great suggestions others probably thought of in time but didn't verbalize them. First step was made: feedback! Now the hard parts... decisions, changes.

Earn HBD as an Editor of Propolis Wiki

25 HBD for the 'edit of the week' and 50 HBD for the 'editor of the month' are for grabs on Propolis Wiki. Not guaranteed rewards, however, pretty good chances to win? Here are the details.

Games

Matt's Alternative Solution to Address Bot Farms in Wild

Matt presented an alternative solution to address bot farms in the Wild format, as a SPS draft proposal, to assess what the community (stakeholders) feel about it, although he mentioned this is not related to SPS and could (and still can) implement them discretionary.

The proposal involve changes to the Wild format that would:

• double the SPS stake needed to maintain the same reward multiplier
• introduce a Wild Season Permit that would be required to be purchased every season to play in Wild; the permit would cost cost 2000 DEC/DEC-B or 40 VOUCHER tokens (all burned), and needs to be purchased every season

Matt hopes that if bot farms would stop playing, the SPS rewards would increase in Wild, thus this cost wouldn't be overburdening.

Matt said in this proposal it will be on the agenda of the town hall, but I haven't had time to listen to it.

Meetings / Events / Communities

Hive Cuba Open Sourced Their Peer-to-Peer HBD <-> FIAT Bot

@HiveCuba community has a Telegram bot to transfer P2P HBD to Cuban Peso and back (without KYC, obviously). They open sourced it.

Hive Cuba Presenting Hive to Computer Science Students

Hive Cuba again, talked about blockchain (through @manuphotos, from the photos) and presented Hive to about 100 students from the Faculty of Informatics of the CUJAE University in Havana. He mentioned SPK Network and VSC Network. Looks like other faculties of the university might show interest after this conference.

Settlement Offers from Meta and Google in the Class Action Lawsuit

For members of the class action against Google and Meta (started during the legacy chain time, if I remember correctly), this may be of interest. Basically, both giants offered to not seek to recover their court expenses from Andrew Hamilton and his firm, if everything closes here. The settlement offer is: they don't admit to anything and don't pay anything. The alternative may be... expensive.

Week in the Crypto World

Ethereum ETFs Were Approved... And Not!

To be honest, I find this sort of a trick. But I am surprisingly ok with it because it's too soon to have a strong (and long) uptrend.

So, what was the trick? The SEC was forced to take a decision yesterday regarding filings for exchange listings of spot ETFs based on Ether. And it approved them, on Nasdaq, CBOE and NYSE.

What it didn't approve yet, was any spot Ethereum ETFs. Sounds complicated? Well, the SEC approved their tickers on exchanges, but it didn't approve the actual funds ("ETF registration statements detailing investor disclosures")... So they can't start trading yet.

Unlike exchange listings, these approvals don't have a deadline. But given the signal that was given, I don't imagine the SEC will drag this process much longer. I'd prefer something like mid-end September for market timing reasons, but I think next month (June) they'll be approved.

This is a very good article explaining everything.

Bitcoin Pizza Day Was This Week

I suppose we might've been bombarded by this topic already. So I won't insist. It is however an important moment of crypto history (first known/advertised purchase of a physical good in the real world using cryptocurrency). If you don't know the details, here they are.

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