RE: Ecency Leaderboard Champions

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RE: Ecency Leaderboard Champions

savvytester in Ecency • last year

The Hive fund is replenished both through inflation of the HIVE token (where it takes almost all of its funding) and through people on Hive who voluntarily add to the fund (by setting hive.fund as the beneficiary of their posts and comments, by curating content whose author rewards go to hive.fund, and/or by sending HIVE or HBD directly to hive.fund). 🤓

I haven't read thoroughly what happens when the funds run out, though it is safe to assume that some or all Hive proposals won't get funding for at least one time when the funds become depleted. 🤯😅

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last year in Ecency by savvytester

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tydynrain last year

That's very useful information, thanks a lot! It is good to know that the DHF is being replenished over time, and from multiple sources.

Yep, if the DHF runs out of assets, all project funding would also stop. That would be very unfortunate indeed. 😁 🙏 💚 ✨ 🤙

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savvytester 11 months ago

All the author rewards and curator rewards that are paid out 7 days after a post or comment got published also come from HIVE token inflation. 🤓 The same goes with earnings from Hive Power (or staked HIVE) and payment for Hive Witnesses. 😏

I think that when the Hive Fund runs out of funds, only those most voted on will get funding as long as their "support" (total votes from all Hive accounts) are above the Return Proposal (RP). 🤓 The rest won't get funding for a "round" (an hour) even if their respective supports are above the RP. 😏

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luvshares 11 months ago

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tydynrain 11 months ago

Yep, Hiveflation is definitely a significant thing! I'm not usually into inflation, but I dig this sort, as it powers so much of the Blockchain.

How would they be funded then if the DHF runs out of funds? If there are no funds to distribute, how would even the most-voted proposals be funded? 😁 🙏 💚 ✨ 🤙

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savvytester 11 months ago

I think that the Hive fund can get "depleted" (almost run out of funds) but not totally zeroed, because it has multiple sources of funds, HIVE token inflation being normally the first. 🤔🤯🤯😅

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luvshares 11 months ago

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tydynrain 11 months ago

OK, that's good to know. I still haven't looked into exactly how the DHF actually works. 😁🙏💚✨🤙

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savvytester last month

Every time the HIVE token inflates, 10% of it automatically goes to the DHF (Decentralized Hive Fund) which is held by the hive.fund Hive account. 🤔😎 In theory, the fund can reach more than a billion HBD and can be as low as zero. 💸🤯🤯😅 The 90% of inflation goes to authors, curators, Hive Power holders, and Hive Witnesses as explained on my 2-year-old comment. 🤓😏

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tydynrain last month

I think that I do remember reading that somewhere a while ago, but I thank you for the reminder education. 😁🙏💚✨🤙

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savvytester last month

Something tells me that the "reminder education" term on your comment is so unusual !INDEED. 🤔🤯🤯😅

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savvytester 11 months ago

It's inefficient to perform testing on the Decentralized Hive Fund by making a test proposal there, as creating a proposal costs $10 and costs $1 per day while active (neither upcoming nor expired). 🤔🤯 It will also attract the scrutiny of people with high amounts of Hive Power. 🤯🤓

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luvshares 11 months ago

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tydynrain 11 months ago

Yeah, I don't see testing like that going over well on the DHF at all. It would certainly attract attention of those with some clout, that's for sure. 😁 🙏 💚 ✨ 🤙

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savvytester 11 months ago

Since making a test Hive proposal requires payment of more than 10 HBD, I doubt that it will be intentionally used for cluttering the proposals feed. 🤔🤯

There should also be an option for Hive frontend users to simply hide a given proposal (or all proposals from a Hive account) if they don't like it. 🤔🧘‍♂️🤓

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luvshares 11 months ago

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diyhub 11 months ago

@savvytester just sent you a DIY token as a little appreciation for your comment dear @tydynrain! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:

Don't be shy - share some DIY!

You can query your personal balance by !DIYSTATS

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diyhub 11 months ago

@tydynrain just sent you a DIY token as a little appreciation for your comment dear @savvytester! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so: