Beautiful, basically 3 millions dollars a year spend in absolute bullshit.
If these spendings are not stopped this chain is dead i'm sorry. It's plain robbery.
I will not invest anymore until I know these fundings are 100% cut and people with sense of money management get in charge.
I agree, we need to descentralize the funding mechanism and also add a group that can review and really have a framework to validate such investments.
I think the fear is that the money is not being spent and become a wasted opportunity. Unfortunately most investments are a waste of money, thats why VCs invest in many ventures expecting only 1 to work out. So I get the dilemma facing the investor.
The investor is no investor if he's investing with DHF fund, which is nothing more than a future collective debt added to the pool of hive and diluting it's value further.
People purchasing hive with USD like me are the ones paying this debt with lower and lower value of the token. After seeing what kind of 'investments' are done I refuse to be the idiot 'taxpayer' paying for the public money laundering schemes.
Already powered it all down, and I will follow the cleaning of the chain management (or lack thereof) from a zero investment seat.
I'm not trying to escape from the political crooks in the real world, milking the society with laws, fake NGOs and whatnot just to throw my money at the exact same scam schemes on hive.
Investor is whoever manage a fund to invest. The marketing fund called value plan is the marketing fund for hive which is managed by guilty parties and others. So that money is the one that needs to invest. The problem is those investments havent really generated any new users. So what I said it needs to have a better organization of the money. Same with other funds like the dev funds, and the management might need to pull the breaks on many of these money.
Unfortunately we do need marketing just like any business needs to sell. Hive is a business because it feeds off users and their movement of money. That's why there is a stake, investment pools or tokens and stablecoins and other things.
I am not disagreen with you as I am also pulling my funds out of hive for the time being, but the organization is bigger than my pocket chain money. I wish them well and wish there are actual productive solutions on the management side. Not just wishes.