Inspired by @lordbutterfly's post about DHF wise-spending, I decided to start a conversation focusing on how we can solve the transparency gap between funded projects and the community.
Introduction
For those who are wondering who I am, my name is Haris or @knowhow92 in the crypto-world, on Hive for more than 5 years, founder and active builder of @skatehive community, board member of @gnars DAO and currently working at the partnerships department of ThePass.to, the largest DAO aggregator on the market.
Hive is my favourite blockchain for many reasons. I love the supportive community, Hive's fast and free transactions as well as scalability, it's decentralized nature but more importantly it's token distribution. Tokens are rewarded to active users on a daily basis and this mean everyone has a voice in the decision-making progress whether that's witness voting or DHF proposals (our topic).
My brain is Hive, I'm building my dreams on Hive (@skatehive), I wanna help Hive thrive and that's the reason I decided to start this conversation with the community. Whether you're a "whale", a "minnow" or a user who just joined the blockchain I want you to know that your feedback is valuable so make sure you leave a honest reply at the comment section bellow, everyone's feedback is super-valuable.
My pc wallpaper for the past 3 years 🤣
The Problem
As an active Hive user and builder I often take a look at the DHF proposals and participate in the decision-making process. So far we have funded (and keep funding) many cool projects such as @peakd, @ecency, @spknetwork, @actifit , @leofinance etc. through the DHF but we also experienced rug pulls and funded projects or individuals who practically delivered nothing. As @lordbutterfly said it's one thing if a funded projects doesn't succeed and another thing if a funded project getting phat HBD daily for sitting on their asses.
Let's be true here, the "Reputation System" on Hive is good measure to some extend but not a determination factor for trust within the community. Money corrupts people, we've experienced this first hand after the fork... Solely relying on DHF-funded projects to provide updates is NOT efficient and not having regular communication with funded projects raises concerns within the community.
What Hive is lacking is transparency between DHF-funded projects and the community
The Solution
What we should do is fund a professional third party service through DHF responsible for communicating with funded projects, track and evaluate their progress using data and measurement criteria and report their findings back to the community via monthly reports and Townhalls. Think of it as what Hivewatchers is doing in the content creation side of Hive but focusing on the DHF (DHFwatchers?!?).
Benefits
This will not only help our community make more informed decisions in the future but will also encourage accountability, governance participation, will save DHF money by spotting potential "lazy" builders and at the same time highlight the most trustworthy builders as well as attract new builders/users/investors.
On top of that by handling this task to an experienced and professional team who specializes in data tracking and reporting we make sure proposal reports are independent and their quality is top-knotch as well as saves time to individuals going through all funded projects to get their updates.
What are your thoughts Hive community?
Do you think a solution like this could work? Do you think this could boost accountability and bring transparency to the community? Will this open the door to new projects getting funding from the DHF?
Let's discuss at the comment section bellow and let's fix the DHF transparency problem once and for all.
Disclaimer
I'm not opening this discussion because I work at the partnerships department of ThePass.to and wanna score a deal but because I am an active Hive builder, I care about our blockchain and wanna help bring more transparency to the community.
If this idea receives positive feedback from the community I will forward it to the ThePASS team and work on a DHF proposal to get things running ASAP.
Please consider Re-blogging this post for more visibility. All rewards go to the DHF 🔥🔥🔥