Excited about HF25 on Hive and waiting for the new features

We still have a few more days to go for the new HF on Hive which is bringing some exciting features. I would like to share my thoughts on this new HF and would like to describe how I welcome each of those features. If you would like to know about the features HF25 is bringing, you can read this post.

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First the name of the HF

I really admired the way they decided to name the HF as Equilibrium. Though the HF is not bringing full linear rewards for the users, I'm glad that one of the key features of this HF is to make it fair for both manual curators and automated curators. The name Equilibrium was decided because they are making it equally fair for both parties.

I would like to say that automated curation is not something that we can completely avoid. It is important especially when we go on a vacation or when we not staying away from our devices for a longer period of time. Even if it is one day, we cannot miss doing curation right. That's why automated curation is definitely good for the ecosystem.

But in the current setup people rush to vote in the first few mins and that is what is considered as sniping activity which gives more and better reward than curating later. I'm glad that the first 24 hours are now becoming linear rewards. I wished the remaining duration was also linear rewards making it less complex but they wanted to keep it that way so it is okay.

More manual curation

Many people are eagerly waiting to start doing more manual curation. Especially people would like to curate more comments than posts as the rewards are going to be fair and same. I personally have planned to vote on comments made by uses on my post. I'm going to have that as a new habit post this hard fork.

The next thing that I'm excited about is that I don't have to worry if the post already has a big pending payout or not and simply go ahead with curating good content. My rewards from the voting are not going to be affected for voting late or if the post already has a bigger vote. That's another good thing that I'm excited about.

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Source

I would like to take this opportunity to request people to review your automated votes and make them manual. With this new HF, we get lots of flexibility to decide the way we would like to vote without affecting the rewards a curator gets. So it is now the best time to wake up and do fair votes. Voting for our friends automatically is good. But this is the right opportunity to diversify our votes to good authors as well.

Hive is getting DeFi in the form of HBD interest in savings

This is the next feature I'm excited about in this new release. We already had a DeFi where people were still getting rewards for their HBDs but post this HF, Hive can be used as a stable coin investment platform by just holding HBD. Previously the interest on HBD was only around 3% but post-HF there is a high possibility for the interest to be more than 10% which is again decided by the top witnesses.

I see this as a good opportunity here because people who don't even know about the Hive ecosystem can now use Hive as a platform for stable coin investment alone. 10% or even 7% interest on HBD is good compared to all the centralized interest-earning opportunities available out there.

HBD price is also going to get stabilized after this HF where it is expected to be maintained at 1$ similar to USDT and other stable coins. This was the main intention why we had HBD created initially but good that it is getting into the right practice at least now. I'm sure there will still be a small manipulation in the price either short-term or long-term inspite of stabilizing because we do have HBD listed on exchanges as well. But I believe the new code should be able to handle it and surprise us by keeping it stable at 1$.

If you notice HBD price below 90 cents in the coming days before HF, I would recommend purchasing it and selling them for a decent profit post HF after which the price will start to stabilize.

Witness and proposal votes by an account expire after one year

This is also a good feature but it is too early for me to say if this is going to work well or not. I personally feel that it is not going to be a big deal for proposals that are lesser than 1 year. Maybe this can help a bit in rotating the witnesses but not sure how useful this can be.

I was expecting to see a downvote option available along with the voting option. That will make things fair because we know it is very easy to exploit the proposal system and also it is hard to get a good proposal funded because of the threshold set by the Return proposal.

Let's hope things get better and we have even better options in future releases.

Overall kudos to everyone who worked on these new features for HF25 and thanks for keeping this ecosystem wonderful and secure. Let's take the price of Hive to the moon by onboarding more projects and utilities.



Posted Using LeoFinance Beta



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Bang, I did it again... I just rehived your post!
Week 62 of my contest just started...you can now check the winners of the previous week!
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This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

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Read our latest announcement post to get more information.

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Please contribute to the community by upvoting this comment and posts made by @indiaunited.

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I personally have planned to vote on comments made by uses on my post. I'm going to have that as a new habit post this hard fork.

I’ve been doing this almost all the time, guess I can only do it more lol

I’m also quite excited about the HBD stability, do you think the interest rate can ever be at...let’s say 20%? What detriments could such high interest rates cause ?

Posted Using LeoFinance Beta

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Exciting news for the future of Hive as a platform :)

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Witness and proposal votes by an account expire after one year

Now this is something I did not know. I feel like its a good change since it requires people to pay attention every now and then.

Posted Using LeoFinance Beta

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About the witnesses expiring, it is a great thing. I recently removed my vote from all witnesses I was voting for, and then manually checked new witnesses to vote for. I usually do that to recheck my witnesses. Removing the vote automatically is good.

By the way, with HF25 around the corner, I have posted about my long term vision for Hive, and I mean, really long term, what can we evolve and become in the next 20 years, to catch up with other more fast, scalable, decentralized and smart blockchains, could you read and share your thoughts on my ideas too, please?

https://ecency.com/hive-148441/@igormuba/what-upgrade-i-envision-for

And as a beginning, I am suggesting that for HF26 we increase the number of witnesses from 21 (20+1) to 27 (25+2), in my post I show how that can be done, and I am looking for support, suggestions and criticism, can you share with me your opinions on this first step too?

https://ecency.com/hive-139531/@igormuba/increase-number-of-witnesses-to

This first step is more of a signal from community, whales, and mainly witnesses, to check if they share this vision, or at least something similar. In my opinion, if this step is taken for HF26, it means this vision is shared and can be achieved by consensus, so I am very interested in hear other peoples opinions.

Also, if you do like, I am running for witness. Right now I have signaled to not receive blocks because I am syncing my node, but by receiving votes already, when it finishes syncing I will signal to the block, and then I will be able to receive blocks, this is to get enough votes already, but avoid missing blocks:
https://ecency.com/hive-139531/@igormuba/updated-status-on-my-hive

Click here and vote me for witness


https://hivesigner.com/sign/account-witness-vote?witness=igormuba&approve=1

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Great post bade bhai, I am really excited about the HF25.
Things are going to change a lot 😁
thanks a lot for sharing your thoughts 🙏

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