In the past few days, many of you have asked our CEO, Tudor Stomff, a couple of questions about the project. We also had an AMA session last week, so we decided to compile some of the most important topics and questions regarding HYVE, the blockchain and how we see the workforce industry here at HYVE. 🔥
Q: When will you update the website and the roadmap?
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.
Q: Any plans to get listed on any more exchanges soon? The main volume seems to be Bilaxy according to the stats but pretty sure 90% of their volume is fake / bots, so liquidity seems quite low across the board.
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.
Q: Do you have any work on NFT?
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.
Q: I am wondering about how the payment system will be implemented. I saw one of the USPs was that you can pay for a job in HYVE token for a 0% fee. How does this work exactly, does the contractor receive HYVE into a built-in wallet for the platform instantly? Are they expected to have a knowledge of cryptocurrency and how will they be able to convert to fiat from HYVE if they wish to? What about market fluctuations, would a contractor not be frustrated to be paid in HYVE if the value of the token plummeted overnight for some reason?
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.
Q: When BSC bridge? When Binance? When Coinbase? When marketing? When more YouTube? When moon? When Ethereum 2.0? When Uniswap V3? Why is there a HIVE and HYVE? What contract address?
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.
Q: I think the concept of HYVES could be very disruptive for the industry. As a freelancer myself this could mean I could take on bigger projects or more projects and pass them down to a HYVE for collaboration. Could I also request to join a HYVE by offering my skills to such HYVE? How autonomous and decentralized do you plan these HYVES to be? Are there any plans or ideas on how to promote the adoption of a HYVE work model? I would argue that most gig economy freelancers are not used to breaking down a project into smaller tasks for collaboration. Do you plan to create an interface to onboard and facilitate the process of creating projects such as websites? Will human verifiable tasks have a revision process to them? Or will everything be much more high-level and agnostic than this “gig project” example?
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.
Q: How will disputes be resolved between freelancers and their employers?
A: Using Kleros and the HYVE Community.
Q: If A feels like B didn’t do the job properly who will be the middleman to decide?
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.
Q: Hi Tudor, brilliant project, well done! This is a hypothetical question as you mentioned previously you weren’t sure if you would be able to do this, however, could you give a glimpse into how (if you were able to) physical task boards would function with HYVE in places where crypto/internet connection would be a problem? Use all the artistic licenses needed as it is hypothetical.
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.
Q: So if it would have been at mass adoption already thousands of issues with human factor/week then the solution to employ more of it right?
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.
Q: The payment can be received after both select complete right?
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.
Q: So what’s up with the human factor that would cause any trouble? Middlemen by Hyve? Or what’s the solution?
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
Q: If you say the mainnet is out for around July, does this mean that the platform is fully functional?
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.
Q: Hi, I was curious if Hyve could disrupt platforms like Uber and Deliveroo, at the moment their centralization gives too much power to the platforms versus the ‘freelances’ so a decentralized app for this would seem to be a powerful application. However, I am not sure if Hyve would be the best to implement this or some other platform? Thanks.
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.
Q: I was checking a project that they are into the event organization, and they are planning to create a stablecoin down the road for the people to have the option to work with a steady number… Not sure of the pros and cons, but have you discussed this? Is it feasible and useful?
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.
Q: So if HYVE will be pure autonomous for robots, there won’t be any human-to-human interaction and task completion? Or am I jumping the gun?
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.
Q: Crazy to think about it, but I think Hyve can help a lot of people especially countries with fewer jobs & welfare.
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.
Q: In the infancy of the Internet the Hippies thought that in the future (now) every one of us would have websites and earn money by doing things we are passionate about. The reality is: Give people free money (= free time), and they will be bored and head in a hedonistic direction (self-destruction). People like to flock and to follow — they only want to feel free. The idealistic idea behind the Internet has died around 2000. This will happen also with the blockchain because no technology will solve human behavior — besides transhumanism. This doesn’t mean that blockchain is a bad technology, it just means that it will not change human thought processes.
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.
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