Musings on the Decentralized Hive Fund

The Decentralized Hive Fund was built by Hive account@blocktrades on the Steem blockchain with little community discussion, and was funded with >= $50,000 by Steem Inc

With the exception of one proposal by PeakD that has been acquiring votes since October of 2019(and is advertised on one of the two places to check proposals) there are no proposals funded with out Hive account@blocktrades support.

For reference:

• The return Proposal has 21,457,328.535 HP voting for it.
• The next proposal to achieve funding(with Hive account@blocktrades support) has 17,571,943.687 HP and has been collecting votes since April 2020.
• The next proposal to achieve funding(without Hive account@blocktrades support) has 15,433,304.105 HP and has been collecting votes for 1 month.

Below I've included all accounts voting for the return proposal with more than 10K HP

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Hive account@blocktrades 7,598,556.211 HP + 550,072.433 HP (proxy)
Hive account@smooth 23.316 HP + 2,831,943.146 HP (proxy)
Hive account@encrypt3dbr0k3r 2,013,045.579 HP
Hive account@therealwolf 533,923.745 HP + 670,755.399 HP (proxy)

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All accounts below this point don't have the same power as Blocktrades
If every account below this point were to stop supporting the return proposal, the next non-blocktrades-supported proposal would squeeze by with 23,000 HP.

Hive account@themarkymark 742,451.440 HP + 225,335.766 HP (proxy)
Hive account@neoxian 424,741.044 HP + 7,790.542 HP (proxy)
Hive account@eturnerx 123,688.417 HP + 171,645.712 HP (proxy)
Hive account@dcityrewards 278,479.567 HP
Hive account@steem.leo 20,731.432 HP + 231,108.556 HP (proxy)
Hive account@jrcornel 242,498.454 HP + 6,576.303 HP (proxy)
Hive account@shaka 100,379.508 HP + 86,801.854 HP (proxy)
Hive account@oliverschmid 145,316.372 HP + 25,915.188 HP (proxy)
Hive account@ausbitbank 78,732.513 HP + 90,452.852 HP (proxy)
Hive account@pfunk 145,758.237 HP + 9,574.202 HP (proxy)
Hive account@kennyskitchen 3,813.901 HP + 142,677.556 HP (proxy)
Hive account@stoodkev 134,388.205 HP + 3,130.173 HP (proxy)
Hive account@heimindanger 10,314.990 HP + 120,341.213 HP (proxy)
Hive account@d-pend 118,899.036 HP + 7,566.778 HP (proxy)
Hive account@justtryme90 113,819.617 HP + 10,743.309 HP (proxy)
Hive account@pouchon 122,002.508 HP
Hive account@xxxxxxxxxxxxxxxx 118,499.516 HP
Hive account@steevc 59,603.565 HP + 58,021.220 HP (proxy)
Hive account@reazuliqbal 7,835.403 HP + 103,512.533 HP (proxy)
Hive account@emrebeyler 94,938.803 HP + 14,315.964 HP (proxy)
Hive account@edicted 107,230.328 HP + 971.491 HP (proxy)
Hive account@holoz0r 21,066.111 HP + 86,244.904 HP (proxy)
Hive account@krnel 100,497.194 HP + 43.850 HP (proxy)
Hive account@ecoinstant 74,030.180 HP + 24,623.269 HP (proxy)
Hive account@timcliff 92,782.663 HP + 330.010 HP (proxy)
Hive account@howo 81,020.932 HP
Hive account@asgarth 80,985.413 HP
Hive account@isaria 77,652.429 HP + 395.730 HP (proxy)
Hive account@atma.love 76,894.981 HP
Hive account@liondani 69,167.075 HP + 21.336 HP (proxy)
Hive account@tobetada 69,023.809 HP
Hive account@jlsplatts 49,550.012 HP + 18,276.871 HP (proxy)
Hive account@meesterboom 61,961.748 HP + 3,682.619 HP (proxy)
Hive account@marki99 63,389.014 HP
Hive account@thebluewin 50,804.339 HP + 11,619.615 HP (proxy)
Hive account@forykw 55,762.129 HP + 262.479 HP (proxy)
Hive account@cryptospa 54,191.067 HP
Hive account@daltono 53,834.467 HP
Hive account@showerthoughts 0 HP + 53,828.851 HP (proxy)
Hive account@hope-on-fire 45,086.362 HP
Hive account@chronocrypto 44,879.632 HP
Hive account@prameshtyagi 611.872 HP + 43,567.817 HP (proxy)
Hive account@geekgirl 43,266.673 HP + 9.040 HP (proxy)
Hive account@russia-btc 42,226.687 HP
Hive account@mindtrap 41,304.818 HP + 99.376 HP (proxy)
Hive account@crimsonclad 35,389.009 HP + 28.951 HP (proxy)
Hive account@blockbrothers 95.204 HP + 34,644.089 HP (proxy)
Hive account@erikah 33,934.658 HP + 347.843 HP (proxy)
Hive account@mahdiyari 27,710.570 HP + 6,081.244 HP (proxy)
Hive account@gerber 29,461.643 HP
Hive account@v4vapid 23,963.543 HP + 4,849.596 HP (proxy)
Hive account@fredrikaa 28,023.021 HP
Hive account@drakos 27,823.231 HP
Hive account@ew-and-patterns 27,746.971 HP
Hive account@trumpman 27,575.464 HP
Hive account@roleerob 17,463.234 HP + 10,005.282 HP (proxy)
Hive account@digital-wisdom 27,082.898 HP
Hive account@originate 26,793.540 HP + 5.365 HP (proxy)
Hive account@felander 20,850.201 HP + 5,830.778 HP (proxy)
Hive account@thekittygirl 16,915.809 HP + 9,565.222 HP (proxy)
Hive account@roomservice 26,367.173 HP
Hive account@lynds 23,914.850 HP
Hive account@bluesniper 21,644.282 HP
Hive account@aliento 7,177.220 HP + 13,906.978 HP (proxy)
Hive account@bala41288 20,103.839 HP + 71.829 HP (proxy)
Hive account@dalz 19,803.409 HP
Hive account@matheusggr 19,543.101 HP
Hive account@imisstheoldkanye 19,529.151 HP
Hive account@pastzam 18,037.062 HP
Hive account@resiliencia 17,589.823 HP
Hive account@techslut 15,823.024 HP + 1,118.740 HP (proxy)
Hive account@lordbutterfly 16,071.221 HP
Hive account@techcoderx 5,364.447 HP + 10,384.009 HP (proxy)
Hive account@crokkon 10,578.602 HP + 4,450.646 HP (proxy)
Hive account@edje 14,408.371 HP
Hive account@proxy.token 0 HP + 13,980.886 HP (proxy)
Hive account@samotonakatoshi 13,796.382 HP + 63.575 HP (proxy)
Hive account@steem-hodler 13,321.307 HP
Hive account@doze 12,150.479 HP + 670.617 HP (proxy)
Hive account@immanuel94 9,714.459 HP + 2,832.658 HP (proxy)
Hive account@empoderat 10,802.052 HP + 1,694.491 HP (proxy)
Hive account@eroche 12,394.962 HP
Hive account@urun 12,304.502 HP
Hive account@rubencress 11,502.226 HP
Hive account@rishi556 2,968.876 HP + 8,357.140 HP (proxy)
Hive account@syedumair 10,162.922 HP + 1,052.071 HP (proxy)
Hive account@theb0red1 11,169.414 HP
Hive account@chromiumone 10,804.136 HP
Hive account@jelly13 10,652.590 HP
Hive account@sgt-dan 10,314.403 HP + 5.943 HP (proxy)
Hive account@harpagon 10,075.398 HP
Hive account@abrockman 10,039.436 HP

Many of the people in this list would rather not see DAO funding for much of anything. But I just wanted to clarify how "decentralized" the Hive DAO is. It's very nearly in the hands of 1 account. If you are voting for the return proposal, the best you can do to support a project is bring the vote balance back to zero by voting for both. I encourage everybody tagged to reconsider your support for proposals. With the current mechanics a vote for return is very nearly a vote for centralization.

A key tenet of Proof of Stake is not being able to control more than what you own. Much like a vote on Hive can't draw more inflation than that account has HP/Voting Power. With the current set up an account with roughly 3% of HP has very near complete control over 10% of inflation. I can only recommend an overhaul of this system so that votes are ranked choice, and influence on proposals is constrained in much the same way as other inflationary votes are... The witness voting system could use the same metrics, 30 full votes for 20 spots already caused enough issue that we had to fork our chain... but the powers that be just changed witness voting to a 30 day power up instead of giving up their centralized power.

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A little about proposal 148 / 152
DLUX had the first VR Editor on any blockchain, beating Decentraland by 1 day.
Proposal 11 asked for support to build DeFi in September of 2019. Before Uniswap drew billions to ETH, or most people even knew what DeFi was. Yet it's still been impossible to find enough support here to draw from the DAO like Hive_keychain can do for ~40 lines of code per month.

Hive is carried by few enough exchanges that blocktrades feel comfortable drawing 3-30% fees for trading like this. Hive-Engine charges 1% fees each way and is so secure they lost 40K Hive just this month, and their P2P witness system won't prevent a similar loss. DeFi and non-custodial funds will makes these fees look even more ridiculous. It's known they've turned the return proposal here into "flagwars for grownups," at least they don't invite kids to the circle jerk.

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Additional votes over 15 HP for information:

Hive account@iansart Hive account@steemitromney Hive account@eliel Hive account@rmach Hive account@mjhomb Hive account@stever82 Hive account@deathwing Hive account@lizanomadsoul Hive account@espoem Hive account@always1success Hive account@svamiva Hive account@kinakomochi Hive account@elevator09 Hive account@rehan12 Hive account@droida Hive account@jeanpi1908 Hive account@misslasvegas Hive account@gniksivart Hive account@vlemon Hive account@mstafford Hive account@free999enigma Hive account@nikv Hive account@bleepcoin Hive account@fbslo Hive account@danmaruschak Hive account@fjcalduch Hive account@tcpolymath Hive account@tabea Hive account@jasonshick Hive account@alaqrab Hive account@anfeng Hive account@yintercept Hive account@ackza Hive account@scubahead Hive account@kreur Hive account@doldrums Hive account@miniature-tiger Hive account@bhattg Hive account@penderis Hive account@victoriabsb Hive account@tsurmb Hive account@marc5 Hive account@markkujantunen Hive account@monster-one Hive account@downvoteme Hive account@fingersik Hive account@eirik Hive account@maruskina Hive account@hodlcommunity Hive account@okean123 Hive account@vintherinvest Hive account@rahul.stan Hive account@guruvaj Hive account@fusan Hive account@shoemanchu Hive account@hivetrending Hive account@shogo Hive account@paasz Hive account@jaydih Hive account@anonsteve Hive account@earlmonk Hive account@marius19 Hive account@woelfchen Hive account@greer184 Hive account@freddio Hive account@hdmed Hive account@flugschwein Hive account@notconvinced Hive account@wakeupkitty Hive account@sabari18 Hive account@khan.dayyanz Hive account@ykretz Hive account@coriolis Hive account@jotakrevs Hive account@shtup Hive account@tggr Hive account@forum.orcinorum Hive account@deviedev Hive account@pouchon.tribes Hive account@patrickulrich Hive account@atnazo Hive account@adamada Hive account@shawkr13 Hive account@juanmiguelsalas Hive account@johnhtims Hive account@aaronleang Hive account@steemvpn Hive account@tuck-fheman Hive account@fernandosoder Hive account@stemng Hive account@palasatenea Hive account@tinta-tertuang Hive account@hextech Hive account@bibop Hive account@freddio.sport Hive account@sk1920 Hive account@jrvacation Hive account@taintedblood Hive account@lion200 Hive account@captainklaus Hive account@diana.catherine Hive account@sisygoboom Hive account@btcvenom Hive account@remlaps Hive account@stemgeeks Hive account@lelon Hive account@dirapa Hive account@antiretroviral Hive account@justineh Hive account@maxsieg Hive account@likwid Hive account@ederaleng Hive account@zelegations Hive account@brosino Hive account@timhorton Hive account@virus707 Hive account@dorian-lee Hive account@abitcoinskeptic Hive account@lyndsaybowes Hive account@vxn666 Hive account@kharma.scribbles Hive account@bafi Hive account@kargul09 Hive account@cnvote Hive account@superoo7 Hive account@lebin Hive account@stuffbyspencer Hive account@diosbot Hive account@scorer Hive account@sudutpandang Hive account@slowwalker Hive account@lauchmelder Hive account@drfk Hive account@karenmckersie Hive account@bobskibob Hive account@bigbanginfinity Hive account@abojasim880 Hive account@flaws Hive account@cryptopassion Hive account@talhasch Hive account@cerberus-dji Hive account@hightouch Hive account@cyberjz Hive account@bro.poker Hive account@alexbiojs Hive account@scrawly Hive account@briggsy Hive account@asd5710 Hive account@alphahippie Hive account@grimgriz Hive account@pervitin Hive account@manishmike10 Hive account@brayandeltoro Hive account@sekseos Hive account@bongje Hive account@butovets Hive account@cryptoctopus Hive account@jini-zzang Hive account@crypticat Hive account@lovelyyeon.sct Hive account@twirllinks Hive account@diamond-head