Week through Adrian's Lenses (10-16 August 2024)
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This is the #84th 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
- DHF
- Hivefest
- Blockchain Rio
- Conference Colombia
- HBD
- Ecency
- Splinterlands
- Holozing
- Meetup Serbia
Crypto
- Bitcoin
Week on Hive
10 of 20 tracked posts made it to this week's issue of the "Week on Hive" roundup.
In the Spotlight
Splinterlands DHF Proposal Might Get Funded After All
After a while of the Splinterlands DHF proposal being so close to being funded and yet so far, I realized this situation might be kept on the edge but far enough on purpose, waiting for something... concrete to unblock it.
So, what happened? From my understanding, @lordbutterfly - who is a long-time Splinterlands player/investor and has direct contacts to many top Hive stakeholders - negotiated a potential agreement which resulted in a SPS DAO proposal, where some conditions are listed for passing the Splinterlands DHF proposal (having the additional support of shakeholders owning about 4m HP).
Here's the gist of the conditions:
- The SPL DAO will stake 1 million HIVE for a minimum of 24 months.
- 130k USDT or 130k USDC will be moved into the Hive stablecoin - HBD via Hive conversion
- A small print "Powered by Hive" along with Hive branding in a visible place inside the game website and on every DHF-funded marketing material
- Full transparency on how the DHF received funds are used will be provided by the Splinterlands company
- SPL will not request more funds from the DHF unless the party (group?) that votes them above the return proposal agrees the current marketing campaign was a success
- if the return proposal is increased, the same stakeholders will unvote it
You can read all the details here.
The draft SPS DAO proposal currently receives an overwhelming support from the SPS stakeholders.
Now that the Pandora's box has been opened, I can hardly wait for the conditions imposed to future DHF proposals to pass the return proposal. A few of them really deserve strict(er) conditions.
Full transparency on DHF funds usage should be there and enforced on every DHF proposal. A way to prevent continuous funding (recurrent funded proposals) with little delivery should also be available to stakeholders by the DHF design. Otherwise, they'll find ways to block you, which may not be very enjoyable.
There are risks with this SPS.DAO proposal. And yet, the SPS stakeholders seem more willing to take risks than the Hive stakeholders were with the Splinterlands DHF proposal for a considerable amount of time. Maybe there's something to learn from this.
Marketing / Awareness / Branding
Hivefest Updates
Three new speakers were announced to this year's Hivefest:
- @grampo, speaking about an open protocol that can allow Hive users to insert maps into their public profiles
- @elmirabear speaking about her experience trying to develop a DAO for a museum in Vienna.
- @thebeedevs will talk about the tools they've been developing for Hive (Clive is one of them)
We also learn that the Hive Rally car will be at Hivefest and the attendees with a good stomach may be taken for a ride as a copilot on a track near Split.
You read more from here.
Memories from Hive at Blockchain Rio
Hive had a participation this summer at what was described as the biggest crypto conference/event in LATAM, if my memory serves me well: Blockchain Rio. Content on Hive regarding this event was kind of scarce, but I found this great post from one of the participants, @vaipraonde.
Hive in Colombia for Blockchain Summit Latam
Hive is present in Bogotá for Blockchain Summit Latam in the 14-16 August period, as we learn from this Spanish announcement.
Governance / Development / Dapps / Education
Why Was HBD Chosen as a Stablecoin for VSC?
In an article mostly outward oriented, @vaultec explains why they chose HBD as a stablecoin for the VSC project, after comparing it to USDT, USDC, and DAI. Its decentralized nature, censorship resistance, fast and free transactions are among the features that made it stand out. Interest was mentioned as well, as a point in HBD's favor, currently at 15%.
Ecency Has a New Mobile Update
The update was mainly focused on streamlining wallet loading and fetching balances, which doesn't need multiple API calls anymore.
The new version also improves Polls, plus a few other minor changes.
Here's the announcement.
Games
Splinterlands - New Reward Cards Set
Yesterday, the Chaos Legion (soulbound) reward cards set was sunset from the Glint Shop and replaced with the Rebellion one. At the same time, old soulbound reward cards now become unbindable at a fee of 10x their collection power in DEC to burn for the first month, and increasing by 1x every month until the 6th month, after which all remaining soulbound Chaos Legion reward cards remain soulbound.
The half-surprise compared to the initial announcement was the new Glint prices in the shop for the new chests and draws, which in some cases were significantly increased. The Splinterlands Town Hall from this week talks more about this, as well as all the plans the team has until the year end, which include lots of promos, and... skins and cosmetics, besides what was known like the final push toward making the website mobile responsive and new-player experience. Land is the Cinderella of the game, and always left at the end. No wonder common plots are below their selling price from the presale.
Holozing Updates
The team revealed their dragon creatures (for which there is a naming contest going on).
More importantly, we have a recap of the game modes we will have in Holozing. I really like that you can set a time period when to encounter creatures or fight in PvP battles.
Meetings / Events / Communities
Small Hive Meetup in Novi Sad, Serbia
@ph1102 announced that he organizes a small meetup in Novi Sad, Serbia, tomorrow, August, 17th. Anyone is welcome. I suppose, at this time, only people who live nearby and haven't seen the announcements or haven't confirmed would be able to go.
Week in the Crypto World
Bitcoin Is No Longer For the People
Just two articles I noticed at a first glance published during the last few days to confirm the title. Mass adoption happens, but it's not for the regular people, they will be the last to adopt, when all they'll be part of will be a bunch of derivatives and derivatives to derivatives.
National Pension Service (NPS) of South Korea, the 3rd biggest pension fund in the world, purchased $34m worth of MicroStrategy shares in Q2.
The State of Wisconsin Investment Board (SWIB), an independent agency handling assets for Wisconsin’s retirement and state investment funds, has announced increasing their holdings in BlackRock's IBIT to 2.89m shares. Here are some details.
So we have pension funds interested and taking action, but usually through proxies. They don't want to mess around holding the crypto assets directly.
From the same news feed we find out how much Morgan Stanley or Goldman Sachs have in Bitcoin ETFs or Bitcoin being purchased with debt by the largest publicly traded Bitcoin miner.
These are only a few recent examples from publicly traded companies or funds. But I'm sure closed funds and companies act too, they just don't need to report publicly what they are doing.
Full list of "Week through Adrian's Lenses" posts
Want to check out my collection of posts?
It's a good way to pick what interests you.
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I think that was a very good agreement for the SPL proposal, I think there's a lot of loggerhead making that proposal linger for so long, and I this is a sensible and neutral way to get this proposal finally funded.
Not so neutral, but it probably will get things done. If we think of the benefits of the Hive ecosystem and the benefits the received funding will bring, it is probably a win-win.
A big win-win. I just saw the post by clayboy and it just seem to make a lot of sense to me..
Yeah, that's lordburterfly's proposal, from what I could understand, based on the agreement he reached with the Hive stakeholders that will begin supporting the DHF proposal if these requirements are met.
I’m about to raise a topic not pertaining to this post and I’m sorry
Are you familiar with Nostr?
I know what it is, but haven't tried it.
It's cool... but hive is better
If there is a war, the market may see prices fall further.
Yeah, war changes many things when it happens.
The SPS DHF proposal is interesting. I haven't been updating myself with the SPL team's thoughts on it, but last I remember they can't really give a concrete plan on where to spend the funds. I remember they gave overviews of marketing and improving things, but no specifics yet. I hope they are able to provide these to satisfy the requirement. Since a lot of our stables and other crypto are just sitting idle, I think this is good for both SPL and Hive.
I don't think transparency is required beforehand in this case, but when a plan is conceived or regular reports, something like that. That's how I understand this request. The ETH to HP request, while I understand the request and I agree with it, locks liquid funds as HP, and in a period when ETH may be doing better than HIVE, at least up to a point. That's an opportunity cost that is paid by the SPS.DAO. On the other hand, it is true, SPS.DAO didn't have much exposure to Hive, and I believe it should have some exposure to the blockchain that has the ledger of SPL transactions, so that SPS stakeholders better understand it, and hopefully, get involved with it more.
On the stables side... I am not convinced. When dealing with big numbers, HBD may not be a great choice yet, especially if you want to use it, and not hold it. HBD conversion has no slippage, but it comes with a 5% fee, which is a lot for a stable coin.
They can just park the HBD in the savings and earn interest.
Yes, but it takes 4 months of interest to recover a 5% fee (at 15% APR). And if they need HBD in the meantime...
I didn't notice that there would be some compromise for the funding but I think it's a pretty good way to ensure that things are more transparent. I think we need more transparency and I think the conditions do benefit Hive.
The conditions do benefit Hive, for sure. Unlocking the funding would help SPL too. So, since this seemed like a blocked situation, it's a potentially good compromise.
What a great compilation, can't believe i messes others Past editing. And very happy that you lived my post.
Blockchain Rio was a great event for discussion and meet others Hiveans. Lot of ideias combined for good of our Blockchain
Staking Zing tokens!!!
Banks stay out of crypto please 😂
Thanks for dropping by! I'm glad I found your post, it was one of the few ones about Blockchain Rio I could find. It's great to hear the event was successful. I hope Hive attracted some eyes over there.
Yep, me too... Slowly atm.
Too late for that! We can't take the invitation back. Some people in crypto practically begged them to get involved.
people want someone to call and say, cant remember my password! lol
about blockchain rio, we could hivesql some data: https://peakd.com/hive-127515/@hive-br/ptbren-quantos-novos-usurios-foram-criados-durante-a-blockchain-rio-13c
and our newcommer made a post about the event: https://peakd.com/hive-127515/@vanessabarrostec/blockchainrio-2024-a-revolucao-da-tokenizacao
Thanks for these posts! Exactly what I was looking for.