Saturday Savers 2024 Progress Report - Week 6
It's Sunday.... I missed doing my #SaturdaySavers update yesterday, so here's the belated version.
I'll be a short one, because for some reason Hive is being really glitchy for me this weekend, which makes it a bit frustrating to use.
Snowdrops in our new greenhouse - Photo by me
Here's my table of progress for the week;
How Did The Week Go ?
Hive Power
Very good growth in Hive Power - I had a couple of posts with decent rewards, and I'm still working hard on curation. If I can keep up 40HP a week, I'll be happy !
HBD
The interest rate on HBD dropped to 19% this week I believe, although not all front ends are reflecting the change. I'm not to worried about that, because it looks like a considered change, not a knee-jerk panic reaction.
However, I do have to question if it would have been needed if so much wasn't being paid out of the DHF. I feel there is a distinct lack of spending control there. While one of the strengths of Hive is it's decentralised nature, what I'm seeing is a lot of proposals to do very similar things and no effort to analyse the business cases or consider if the amount of HBD being asked for is right in terms of development time needed and other expenditures. There's also no mention of HBD being repaid for proposals where the end result will generate ongoing revenue for the originators.
Most proposals get votes by distributing micro-rewards and asking for a vote, and while I get we are all joint owners of Hive, this doesn't seem like a good way to determine how such a high proportion of HBD is distributed.
LEO
I've ended the week with incredibly mixed feelings about LEO. Huge effort is going into developing it, which is awesome. But a breakneck pace of change leads to things being broken or released before they're ready. I was lucky enough to be gifted a month's free Prime last week. To capitalise on this, I switched to taking rewards as staked. For a few days, it was awesome. Then the premium and taking rewards as staked reverted to standard yesterday and I have no idea why. I can only assume that implementing a change broke something before it.
But I'm still stacking LEO, and I've added a new metric, which is my level of HP delegated to @leo.voter - it'll take a few weeks before the numbers catch up with themselves and the % of goal is correct, but this will help me check that I'm increasing the two main delegations (LEO and EDS) in step with each other.
EDS
A good gain this week - EDS is still one of my favourite low-key just getting it done projects, and I'm continuing to build up my delegation each week. :)
Social Metrics
Most of the social metrics figures aren't available this week, as Hivebuzz appears to be totally down (and I've had some outages from Arcange's Hive node on PeakD). Hopefully it'll come up again soon !
I was able to work out the comments figures from PeakD analytics, and pick up VESTS elsewhere, but I'm not 100% confident in the accuracy of either of those yet, other than the fact that I've been putting in more of an effort to comment rather than taking the lazy route of just hitting the upvote button !
So that was how my week went - how was yours ?
If you're not familiar with SaturdaySavers, it's a fabulous initiative run by @shanibeer writing as @sally-saver on the @eddie-earner account, where we all support each other in getting to our savings goals.
If you are one of my friends reading this (or just someone who tripped over one of my posts), I really recommend this as a great community that's well worth joining.
I'm normally very disorganised about saving, and the support of the wonderful people in #SaturdaySavers has been invaluable in keeping me focused. I can honestly say that without it, my HP would probably be half what it is now.
So join ! You don't have to wait until the start of the year. The best time to start saving is ten years ago. The second best time is right now !
Posted Using InLeo Alpha
Looks like you had a nice week of gains across the board - nice work !
I have to say that your raise some good points about the DHF and how its distributed. To be honest I've never thought about it before, because I'm not involved in any proposals, but what you say is correct, or atleast it would be in the real world - every proposal would be measured by value.
Well, best of luck for the coming week ahead.
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BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
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Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
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The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
$PIZZA slices delivered:
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Good points about the DHF - do you have any thoughts about a better approach? I think others have written critiquing how things are done. Should there be some kind of analysis, how would funded projects be held to account?
With LEO, my experience has been that new projects/developments on Hive take a while to settle down. I've upped my stake and I'm using InLeo, but other than that, I'm biding my time.
One of the things for me will be whether there is a better distribution of votes. The Saturday Savers Club has been bringing people to LeoFinance for years, it's always been one of the top engagement posts keeping people both in Leofinance and on Hive, yet it rarely gets recognition from leo.voter, so I'm a little cynical.
Thanks for your reply !
I don't have any complete answers, but I think the key thing with the DHF is to recognise that most Hive users (i.e. the owners of Hive) aren't programmers and don't necessarily understand "IT-Speak". Therefore, proposals should be explained in terms that an ordinary human can comprehend. A lot of that will come down to educating Hivers, and how the information is presented.
What I'd love to see is a standardised questionnaire to be created. It would probably need to be implemented by the front ends - proposals would only be displayed if the start of the proposal included answers to the questionnaire.
The questionnaire could cover things like how many HBD are required, how it's going to be spent etc. But the most important things would be an explanation of what a proposal is designed to achieve in terms a non-technical user can understand, objective criteria to measure success (which can be shown on subsequent projects from that team), and if the final result will deliver revenue to the originators (in which case, how will the HBD be repaid).
Ideally, the front end could then group proposals based on topic when they display them, so we can see if there are two dozen different projects to onboard fiat to HIVE or whatever, enabling users to compare them before voting.
I totally recognise the value that a lot of project bring to Hive, so I wouldn't want to see development curtailed, but I think we need users to understand what they're voting for, and we need to measure success.
As for Leo, I love the energy but I'm slightly concerned that it seems to be pulling away from Hive as a whole and trying to become it's own separate thing. It needs to work with Hive rather than competing with it for users.
Interesting ideas about the DHF. Some thoughts:
It's really important to grow the mid-ranking classes of stakeholders - dolphins and orcas - to moderate the large stake holders. This is one of the objectives behind the Saturday Savers Club.
LEO is a second layer development: it is what HIVE was built for. It's carving its own identity and I like the focus on the external environment, bringing more people in, which will benefit Hive as the underlying infrastructure.
Hi, you created a great post and as such you have been selected as a 'Saver of the week' with the #saturdaysavers club !
The Savers of the Week post can be found here:
https://inleo.io/@eddie-earner/saturday-savers-club-savers-of-the-week-ending-16th-of-february
Thanks for producing great content.
I hope you have a great week - and keep on stacking !!!!
Cheers @hoosie
!ALIVE
!LOLZ
!PIZZA
!PGM
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
@alonicus! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ hoosie. (3/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
