scrobble.life
#witness-update

Engrave witness update, HF28, Hive Ledger changes and 100k Power Up

@engrave@engrave (74)287d

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I've been a witness on Hive for more than 5 years, and even though I don't post very often, I'm still here and active in the shadows. This will be a short update on my recent actions.

HF28 ready

I'm running hived software versionv1.28.3 on all my nodes: main, backup and experimental local nodes to test it before the upcoming HardFork 28. The Core Dev Team already managed to find and fix one issue related to backup witnesses and claiming accounts thanks to me running this version and missing some blocks.

If you are interested in technicalities, you can read the following MR:

Screenshot from 2025-11-11 02-15-41.png

I will, of course, continue testing it. Many thanks to @gtg and the entire team for fakenet and available APIs!

Ledger devices support

Incoming HF will bring some consensus changes that will impact Ledger users. I'm already working to make it as easy as possible for users to comply with new rules. All necessary changes will be ready before HF28.

Screenshot from 2025-11-11 02-24-44.png

The most important change from the Ledger users' perspective is that it will not be possible to use the owner key to sign everything. Wallet will need to select a proper key role. I'm going to publish more details soon, with useful user guides to make the transition as simple as possible.

If you use Ledger device and want to test it on fakenet (on which the new hardfork rules are already applied), you can use https://fakenet.hiveledger.io

Lower HBD savings APR

I decided to lower my APR setting from 20% to 15%. It doesn't change much as I'm not top20 at the moment but just wanted to indicate it was not an accidental change.

100k HIVE powered up

For some, it might be a lot, for others, pennies, but I powered up 100 000 HIVE to express my commitment to the network. I'm here and I'm not going anywhere. This amount will increase my HP by roughly 25%. In terms of governance influence, it will take effect 30 days from now due to the delayed voting mechanism, but I'm already using it to curate!

Screenshot from 2025-11-11 02-20-07.png

It's nothing compared to some fat whales out there but it's still something. Meanwhile, I keep curating #polish community and I would like to encourage you to do the same!

See you around the HF28 date!

Support me with your witness vote! Click on the image below or use your favorite wallet to vote on @engrave witness:

banner_engrave 100.png

Comments · 3

  • @szymonwsieci(67)· 286d

    I decided to lower my APR setting from 20% to 15%. It doesn't change much as I'm not top20 at the moment but just wanted to indicate it was not an accidental change.

    Could it be that my recent reflections on Polish and my discussion with You had an impact on this? ;)

    I truly appreciate your decision to power up 100,000 HIVE it’s a strong sign of trust in the Hive ecosystem and a positive gesture for the community.
    However, from an economic and investment perspective, it’s worth separating symbolic commitment from actual capital inflow.

    🔹Power-up ≠ external capital investment

    Increasing Hive Power with existing holdings is not the same as investing fresh money into the system.
    It’s an internal reinvestment, meaning tokens are simply moved from liquid supply to staking.
    While this strengthens decentralization, it doesn’t represent new market demand or real price support for HIVE.

    🔹Large investors care about liquidity and exit risk

    Someone considering a $500k–$1M allocation evaluates:

    • orderbook depth (HIVE/USDT, HBD/USDT),
    • power-down period (13 weeks),
    • lack of hedging tools,
    • limited stablecoin pairs.

    Without stronger liquidity, it’s unrealistic to expect significant institutional entry.

    🔹 Source transparency matters

    Public declarations are valuable, but we should clarify:
    Did the power-up come from an external purchase (fiat inflow),
    or from internal earnings (witness rewards, curation, payouts)?
    That distinction is crucial for evaluating real ecosystem health.

    🔹 Hive needs external inflows, not just token rotation

    Reinvesting earned HIVE strengthens decentralization, but doesn’t grow the economy.
    To scale, Hive needs fresh capital from businesses, DAOs, and individual investors who see measurable ROI and utility.

    🔹Trust is built on data, not sentiment

    Investors rely on data, not beliefs:

    • inflation rates (HIVE & HBD),
    • HBD debt ratio,
    • liquidity depth,
    • collateral ratios.

    Hive has solid fundamentals, but needs data-driven communication to attract serious capital.

    🔹Final thoughts

    Powering up 100k HIVE is a positive move for the community,
    but it’s not evidence of external investment or systemic financial stability.
    That’s the difference between:

    🔸 internal loyalty and 🔸 real external growth.

    If Hive wants to attract high-capital investors,
    it must speak their language — liquidity, transparency, and measurable metrics.
    Gestures inspire; capital follows data.

    It's nothing compared to some fat whales out there but it's still something. Meanwhile, I keep curating #polish community and I would like to encourage you to do the same!

    Thanks a lot, we know you're still there with us :)

    P.S. A question unrelated to this post: what about the development of dblog? It's a bit of a shame about this project, because it had potential, but with the current shortcomings that I mentioned to you before, publishing there can be tedious and inconvenient compared to peakd or eccency.

  • @rmach(72)· 286d

    👏 Thank you for your work and dedication.

  • @cwow2(73)· 286d

    Delay voting? Isn't that not only on Proposals & Witness?