This is a great improvement, sorely needed, as far as it goes. I reckon these additional points require inclusion.
First, each stakeholder has equity in the DHF proportional to their stake. As they vote for proposals that pass, the reduction of the DHF should deplete their VP to vote on new proposals. VP depletion causes profligate spending to reduce the power of profligate spenders and increases the relative power of the prudent in consideration of future proposals. In the event (unlikely as it may be) that there is growth of the DHF, that growth can be reckoned to proportionately increase VP concurrent with growth in the DHF, so prudent investment of DHF funds is reflected in VP of those that vote for performant proposals.
Second, without GAAP there is no accountability, no ability to measure performance, and no means of detecting fraud. With GAAP prudent DHF proposals that grow the DHF can be accounted to the credit of stakeholders that voted for those proposals, and increase their VP proportionately to their prudence increasing the value of Hive/DHF.
Third, instead of one Return proposal that must be overcome to fund anything, each proposal should have it's own Return proposal, so that expending small amounts of funds for worthy uses does not have to overcome the same resistance that spending the whole of the DHF does. A proposal to spend 2k HBD should not have to attract the same amount of attention necessary to a proposal to spend 2M HBD, which is the current situation. Finally, by requiring GAAP, a mechanism to measure the success of proposals at increasing investment in Hive becomes available, which can inform future proposals.
Because there are credible allegations of fraud facilitated by the complete absence of accounting standards for DHF proposals presently, I encourage everyone to vote the Return proposal until and unless proposals are required to use GAAP and are held accountable for performance. Without that the DHF proposal system is practically begging for fraud and criminal prosecution that can potentially destroy Hive itself.
Thanks!
RE: DHF Vote Weighting System - Proposal