AMA Summary: a conversation with CEO Tudor Stomff

A: We will update it with all the new info in the next ~2 weeks, we need to add quite a few things to it.

A: Yes, we are already planning a future CEX listing but I don’t have a fixed date yet nor am I allowed to discuss specifics such as the name, etc. I can tell you we’ve already started the process though.

A: We are not an NFT platform, nor are we in the NFT industry. If you’re an NFT artist or anything similar you could use HYVE to work with other artists or with a dev that can build out your NFTs.

A: Alright so let’s take it one at a time.

It depends. HYVE will have its wallet, yes. But you can choose to receive it somewhere else if you want to.

A superficial understanding, yes. Not more than that though. And we are planning on bringing this down until it’s no longer necessary at all. Until then though, they can exchange HYVE or any other token they get paid into something else, such as USDT.

Now regarding fluctuations. I mean, at first, you are 100% right. And to be perfectly honest, it’s a risk you have to assume. If you don’t want to assume that risk, just instantly convert it to USDT. We might even add this is a direct feature.

In the long-term, however, that is extremely unlikely to almost impossible because the financial mechanisms are designed to counter-balance each other out and bring stability to the token. It’s not a stablecoin but the fluctuations should very seldomly be brutal or aggressive.

Regardless of the exact number of tokens in circulation people will always have to choose between staking, buying in the Vault, selling the tokens, holding them, using them to pay someone, etc.

The three main ones are staking, vault and trading. Because at any one point the best decision for any one user coincides with the best decision of any other user they are effectively in Nash Equilibrium and balance each other out.

A: Bridge should be live in the next week.
Binance & Coinbase, I don’t know and even if I knew I couldn’t answer.
We’ve started marketing already and we’re slowly ramping it up. Should be done soon.
ETH 2.0 should probably be done by the end of the year I think.
HIVE is a blockchain, when we started the project HIVE didn’t exist but it’s been a long time since.

A: Absolutely, and thank you for noticing this.

Yes, you can pass them down to a Hyve whether through sub-contracting or simply by being part of the Hyve. You can request to join a Hyve but the Hyve members have the final say.

Hyves are self-governed organizations. We have no control over them.

I think there isn’t a need for a special campaign to promote the adoption of the model. It’s a very natural evolution from the existing model and should be quite straightforward to figure out how to use one and why it’s useful to do so.

There will be several addons on top of HYVE. The one you’re mentioning could be one of them. Maybe we’ll build it ourselves or maybe we’ll just integrate something on top. HYVE is an Ecosystem after all. ETH does not run Uniswap for example.

Human verifiable tasks are verified by the task poster or they can be externalized to an external verifier. Unless a dispute is raised there should be no extra revisions.

It is far more generalistic and agnostic than gigs. They do make for good examples though.

A: Using Kleros and the HYVE Community.

A: Several jurors are chosen randomly from a pool of jurors. The jurors can talk with each other and then they each cast an individual vote. In the end, the votes are counted and a decision is taken.

A: Haha yeah I spend a lot of time thinking about this too so totally get it. So let me give you an idea of what we had in mind.

Just as you mentioned, there are many places where the internet is a problem. That is the exact reason why we wanted to build this out. Essentially there would be a physical location where tasks from HYVE would be displayed, similar to the quest board in an RPG. Each location would need a “caretaker”, i.e. someone who has access to the internet and with a specific role assignment that would allow him to (1) generate new user profiles for non-internet-connected people and (2) create Hyves for the same people.

After the caretaker creates accounts for these users, they could have some sort of personal identifier that would allow them to accept tasks physically which then get recorded by the caretaker on the HYVE platform and once fulfillment is done then the users would get paid, etc, basically normal procedure after that. The idea is that the caretakers are essentially parties that have to be trusted in certain regards and certain rules need to apply to them to limit the power they can exercise over these people etc, this is just one of the main problems for eg. These physical taskboards could be run in a franchise type of way, similar to how Subways work if you will, and anyone could open a HYVE taskboard franchise for example, given they fulfill x requirements. These would essentially be similar to a node, in the sense of them supporting the ecosystem, though in a different way.

And the whole idea for it all boils down to this. Someone wakes up one morning, they don’t have a job anymore, for whatever reason. That’s fine. Just go to your local HYVE taskboard and it’s going to be ok. You can find a way to keep going until you find a more permanent solution. This is why I care so much about these taskboards, because if we find the proper way to implement them it would simply be an incredible help to a lot of people from castaway places.

Like imagine having a HYVE taskboard in Yemen…. do you seriously think that no one on planet earth needed something done in Yemen? And yet it didn’t matter. This would change a lot of things if done properly but it’s honestly almost as hard as figuring out how to build HYVE to do this properly. I have faith we’ll do it though. Just as Uniswap only fixed Impermanent Loss in V3 you can expect the same for us fixing taskboards so yeah.

A: There are many jurors on Kleros already and if we ever reach a point of not being able to employ enough jurors through Kleros alone, we can adopt other options for users as well (1) or employ our own additional juror system (2). I highly doubt this will ever be a problem though. A set of say 11 jurors can adjudicate dozens of disputes a day normally speaking.

A: Payment is received automatically upon verification of completion in the case of a protocol verified task. In the case of a human-verified task, it’s received after verification is completed by the task poster. In the case of a dispute, a court decides who is correct. Unless a dispute is raised, then payment is done automatically.

A: It’s decentralized jurors, give a read to Kleros, they’ve really solved this issue beautifully and many other crypto projects could stand to learn a thing or two from them, I’ve known Federico and Clement for a few years now and every interaction with them has made me respect them as individuals and their work, even more, so please do look at it: https://kleros.io/assets/whitepaper.pdf

A: If you mean July, then yes that’s what we mean, people will be able to use the platform right away. But now, no it’s not, otherwise, we would’ve launched it.

A: It could, yes. But this is an example of a community project that can get built on top of Hyve.

So the delivery is at its essence a task. The hoster needs something or someone delivered. A solver (i.e. driver) accepts the task and completes the delivery. This could be done through the protocol (i.e. the verification) so the only issue would be building out the other things like how do you connect people that need deliveries to drivers automatically etc and so this is an example of an app that can be built on top of the HYVE ecosystem, yes.

A: Crypto will be hidden for as much as possible to the normal user. We are considering going as far as offering 2 different interfaces, a basic one and an advanced one (for those who want to see contract addresses of tasks, etc)

People can make use of stablecoins very very easily. I am not sure whether we will implement this specific feature that you’re mentioning but it’s an interesting idea and I’ve certainly written it down.

A: That’s just the HYVE protocol. And the main purpose is to allow the existence of self-verifiable tasks by design. If you can measure it, count it, etc then we can verify it. The second use is as you mentioned, allowing machines to work together within a Hyve governed by other machines. Now to answer the implication, it is a generalistic protocol and ecosystem. We tried to, I mean it sounds a bit absurd but still, define the types of collaborations that could exist between people and boil it down to basics. We might’ve missed some things that will get added down the road but it should cover at the very least a very large percentage of all the possible ways people can work together.

A: That’s one of the main ideas, yes. Not necessarily welfare, but people who don’t have a great social circle for example. Humans are social creatures and yet our current state of affairs has made socializing much harder or more unnatural than it was before so if you don’t have a good social circle nowadays then you might not be able to properly monetize your skills because this is entrenched in our foundation and so HYVE gives you a little help in that regard. You don’t have to know lots of people or be great at selling yourself, you just have to do your job.

A: It’s a very frigid view, but I can definitely see the merit in it. You’re most likely right in the sense that perhaps this is our innate instinct, as Allan Watts put it, we simply can’t change.

I don’t agree with Watts though, or with you, in this particular case. Because while that may be the case, there’s nothing to say we are unable to teach ourselves and future generations otherwise. Maybe it’s pure optimism and the finality is much grimmer than I imagine, but I find life to be a bit more bearable and colorful this way. Just a thought.

Blockchain won’t change thought processes, it never did. I just think it broke a barrier people had. Just because something is a certain way, doesn’t mean it has to be. So that gives you the chance to do something about it.

🐝 Want to learn more about HYVE?

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