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RE: CZ steps down. // Trouble for Hive

in LeoFinance • last year

Bridges are often target of hacks and exploits, but without them we are completely cut off from the rest of the world.

I know that https://hive-engine.com/ already acts somehow as a bridge and I've used it here and there with very good results.

last year in LeoFinance by
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     last year  

    I know that https://hive-engine.com/ already acts somehow as a bridge and I've used it here and there with very good results.

    Yeah, I mean I use it all the time but theres just not enough liquidity there and I dont think most investors here will see it as an optimal solution.

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     last year  

    That's true: we can call it a "start", but we need something bigger and more appealing even for non-hivers.

    The issue however is always the same: who is gonna do it? We have also all the talking around the DHF, which probably needs some attention too... we need a way to better manage those funds and use them to develop things like a bridge.

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     last year  

    Im with you on that.

    I proposed 2 things.

    1. A bounty system where the community proposes a task and someone completes it. Same thing like a government looks for bids for a project.
    2. DHF dev overwatch to check if they are delivering for the amount of pay they are getting.

    If we had a bounty system we could get someone to do it im almost certain.

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     last year  

    A bounty system where the community proposes a task and someone completes it. Same thing like a government looks for bids for a project.

    So this would be something like "deliver and then get paid", right? Or at least "get paid everytime you complete a major step in the developement of the project". To me it looks like a great idea, as this would have at least two huge advantages:

    1. not giving money to someone for nothing - if you don't deliver you don't get anything
    2. making the DHF more fair - if you are good and deliver what we asked, you get the money; if you aren't good but have a lot of friends on Hive... you don't get the money.

    DHF dev overwatch to check if they are delivering for the amount of pay they are getting.

    I like that too, even if this looks harder to implement. The "watchers" must be indipendent, with no links with the developers, and have themselves some sort of "watchers" above them, as otherwise the risk of them colluding with someone to cheat the system would be too high.

    We would need more levels of safety:

    • proposal to develope something we need on Hive (i.e. a bridge)
    • payment offered for that work and requirements to get the money (i.e. a working bridge towards some major chains, audited by someone)
    • a third party checks the work done by the developers and confirm if they are doing what they were asked and if they are eligible for the money
    • a second layer of "watchers" verify the work done by the "first watchers", ensuring they are doing a good work and not colluding with some developers
    • the community is updated on the work done by the developers and on the checks done by the watchers, thus allowing the community to always be aware of how the money are used, rise questions and, ultimately, stop everything if there's something unclear
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       last year  

      So this would be something like "deliver and then get paid", right? Or at least "get paid everytime you complete a major step in the developement of the project".

      It would be a proposal made by someone in the community for certain work. what we want delivered and then interested parties would make their offers. THe community votes on the offers.

      The "watchers" must be independent, with no links with the developers, and have themselves some sort of "watchers" above them, as otherwise the risk of them colluding with someone to cheat the system would be too high.

      yeah, absolutely. There is too much comradery, which is good, between community members so you would need someone independent to do it.

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       last year  

      fyi, hive-engine bridges are 100% centralized and reliant on a single entity.

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       last year  

      Thanks for the info! Beside https://hive-engine.com/ are there other bridges?

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         last year (edited) 

        We are working on bridges for @vsc.network. Not quite ready yet though, but soon

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           last year  

          bridge to wanchain. The rest is already there money can go where ever. Bridges are shit if you don't make them correctly. Thankfully they do it correctly.