Why you should power up hive.
IF you love what has been created for us here, the easiest way to show that is to hold most of what is given to you by the community.
The easiest way to show that you don't love what has been handed to us through no real labor or investment of our own, dump what is given to you by the community.
It's really as simple as that.
Do you want hive to succeed?
Then stop voting rewards to people that don't want hive to succeed.
If an account has a 50 reputation, they should have ~500hp.
If an account has a 60 reputation, they should have ~1000hp.
A 70 reputation account should have ~10000hp.
An 80 rep account should have ~100k hp.
There will be some variations in this, but it is a good guide when judging who to follow in the hive.
Presuming you want the hive to succeed.
I've started eliminating follows on the basis of this criteria.
I don't want to support accounts that don't care enough about the rest of us to save money denominated in hive.
I've begun to limit autovoting and am spending more time in my following feed.
So, if you have been unfollowed, now you know why.
Not that it is likely that you were following/reading me in the first place, my content is niche.
Bear in mind, hive would be selling for 6usd right now, IF people stopped selling it for less.
IF you are selling hive for less than 6usd, and you are not a whale, shame on you for lowering the value for the rest of us to benefit yourself.
Are you are tired of paying your masters to bomb children in far away places?
Perhaps it is time you pushed back on that.
A simple way that anybody can do that is to hoard your coins.
The fed buys coins at face value from the mint.
A dollar of change in your pocket is a dollar of value out of the banksters' pockets.
Stop playing in their shell game that allows them to play in the amusement parks from hell and shop in the human grocery stores.
'Aint that fresh?'
Take the chapter 9 challenge.
Death to Discord!
Long live Sting!
Join the Hive Discordiant Room: https://peakd.com/c/hive-104940/created
Billy Jack, the movie.
The Trial of Billy Jack.
Billy Jack goes to Washington.
For a strong account and HIVE community, we have to power up!
Interesting way of looking at this.
I should have 10k HP then, but I have 800.
I did powerdown 10k hp and put it into HBD savings, so my value is kinda the same right? Just without the "power"
The tradeoff for hbd is that your value will remain the same in dollar terms, but, if you powerup hive, you get 12% when voting, and hive only has to rise .07usd to be over 20% in return.
The plus of being in hbd is if the price drops, were the price to drop to .15hbd then your hive has lost half its dollar value.
If you think hive is undervalued at .3 then save in hp, if not, then saving hbd pays 20%.
Once you think hive is low enough, buy it.
Bear in mind that the price to power ratio is subpar at higher than .2, imo.
No way I'd buy in at more than .4, if governance was a concern.
At .4 hive has to go up .08 to beat saving in hbd.
I'd think that if you intend to be here some number of years, or to an exit price substantially above what it is now, saving in hp would be the way to go.
Hbd is for down markets and calling the top/bottom.
This math is doing my head in though :D
I just went into HBD for the 20% APR, not a lot of thought behind it and now I am using that HBD Interest to lease more HP, so I can build my HP back up faster.
I don't know if I think Hive is undervalued, but I am also not looking for an exit.
I am just here for thre growth and to see what it can become :D
Already been here 5 years, I think I am pretty locked in by now :p
Yes, the potential of hive is definitely there.
We just need to overcome some of the damage caused by being launched by pirates.
The quickest route to real community governance is for everybody to power up what we are given.
Until the whales hold less than 20% of the coins we are in danger of them getting a case of the ass with the crowd and destroying the price with a dump.
Were I you, I would stop harming the hive by buying votes from sellers of votes, start dca out of hbd and save/grow in hive power.
The more you take from the daily pool, the less that centralizes to those that already have too much.
Do you know what price you sold hive for hbd at?
If it was higher than the price now, you are in profit.
Buying votes from sellers, you mean dlease?
Dlease is a short term solution, where the HP I hold is a long term, so it will grow faster long term with the help of dlease. Or thats how I see it.
Nah, I dont know the exactly price or even Avg. Price. I just powered down everything over the course fo the 13 weeks and put it into HBD weekly.
But its been like 3 months or after than, mean I got 80x3 HBD on top of what I have now, even though I have spent 60x3 HBD on dlease HP x)
Yes, dlease.
Selling votes one at a time like the bidbots, or selling them wholesale to dlease, is still vote selling.
You buy people's votes, they sell them on dlease.
As long as you sell your hbd for more hive per hbd than you paid, you are good.
I'd still recommend hive over hbd because hbd will not go much above 1 to the dollar whereas hive going up from 3 to the hbd is likely.
Like I said, when you want to call the top, sell hive for hbd, when you want to call the bottom, sell hbd for hive.
Doing this will grow your savings in hive terms, and likely usd terms, too.
Holding hbd gets you the 20%, but if hive moves up more than 20% you lose what you could've had.
So, it really is something you would have to determine for yourself.
If you think hive won't drop anymore, buy hive.
Either way, powering up and holding is the only way the ecosystem thrives.
Is it really vote selling though?
I am not buying their vote on my post or comment, I am just borrowing their HP "Short term" to increase my own vote long term?
Isn't it just like borrowing stuff? xD
I don't know the price though, but if Hive goes above 0.4, then I know I would have profit in my HBD because I sold it for less.
True, but I do like the stability of HBD though.
Hopefully will Hive go up in the future, but I am not that worried about the Price of any token or stock for that matter, I just like the dividends
Lol, yes, it is wholesale selling rather than piecemeal selling.
It may turn out that hive never rises about .4 again and your decision to take the sure 20% was the right thing to do, but if hive goes to a dollar, you are gonna wish you had stayed in hive and not hbd.
It is up to you.
You have to make this choice.
I just think the math favors saving in hive at these low prices.
Not to mention the power struggle occurring to keep all the hive from consolidating in the top 20 accounts, you holding hbd does nothing to help with that.
You voting your hp does counter that.
So, if you think that the top 20 accounts can have all the hive and hive still survive as a protocol, then you need to change nothing.
IF you would like to see hive take over the world, the distribution is going to have to widen out past the top 100 accounts.
The goal was to get 6k in the savings account and generate 100 HBD a month.
After than, I would build my HP as fast as possible, but I have been doing a little bit of both x)
Sounds like a good plan, the only bad one being trading hive for btc, imo.
I look forward to seeing you gain power on the front lines of the struggle in the pool.
I don't want to trade it for BTC, I might just gamble with Hive on some casino xD
Dlease takes a cut, I don't know who that cut comes from, I don't use it, but both you and the seller would be better off out of that market.
We forked to stop the vote selling, the only guess I have as to why a blind eye is turned to dlease still selling votes is internal corruption.
IF I had been running a bidbot I would have a case of the ass with that, but I wasn't, and apparently those that were don't care enough to complain effectively.
Yes, dlease does take a cut! It goes to Buildteam which is thecryptodrive's company from what I understand and he moved to Blurt I think aswell x)
Again, not sure even I will say its vote selling since I don't buy votes for my posts?.
If I delegate my vote power to you, ie hp, and you pay me for having done so, I have sold my vote power wholesale instead of piecemeal.
That I sell it for a week, or a month, doesn't change the fact that I have sold it.
True, but when I think of voting selling I think of the old bidbots, where you were sending Hive to an account and they would upvote your post or comment.
Not delegate HP :D
Right, apparently I am one of the few that sees the comparison.
Selling your vote for a month is still selling your vote.
Why the 2nd layer projects are tolerated in doing what we ran good hivizens off for doing is beyond me.
I just know that a lot of dumping was involved and that hive that was dumped went to people that already have too much for the good of the restofus.
Ye, you are the first one I am hearing this comparison from :D
You mean the "Burn-to-vote" projects? Ye I have no idea, how they are allowed to operate x)
Yes, burn craptoken to get a hive vote.
It's a poor statement on the people that ran off the bidbots that this is allowed to continue, imo.
Ye exactly x)
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Some very interesting data in this post. It's interesting to learn the trade offs between saving in HBD and powering up. Yes, why sell Hive at this price? Keep amassing.
Although I do not satisfy your specific criteria at the moment, but I have only just restarted my engagement on the Hive platform but have been saving HBD for a long time now. I am also starting to save Hive.
!LOL
lolztoken.com
Because they are so good at it.
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@antisocialist, I sent you an $LOLZ on behalf of holovision
(4/10)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP
The bombers will continue to bomb. The rep is a fictional representation of an account. Just because someone disagrees then the more powerful account wins.
If you want to fight back then plan to do it without electricity or internet. The medical mafia military industrial totalitarian's next wave is almost upon us. The price can and will likely go lower now. Guess I should sell instead of powering up in order to do as you say.
Many tribes are showing inactive. Instead of onboarding masses this place would rather be an echo chamber.
It does seem that what we have been doing in the past to attract more hivizens is failing.
The biggest curation account gives most of their votes to people dumping as fast as they get it.
That has to be a clue.
thanks for this wonderful write up, i just joined and i actually did not know anything about power up until i read your post
The hive is a tough crowd, powering up will help you fit in.
I will still buy back all 10,000 shares I sold near $3 if the network has resolved the very issue your bringing up here.
I hope to see the witnesses taken off mommys nipple so the selling pressure is stopped from those bad actors who keep developing the already functioning blockchain.
It's the reinventing the wheel argument, why are people being paid to develop hive when it works as is decentralized?
Until those wanting this change have a controlling interest nothing is gonna change.
As long as those not liking how things are, dump and leave, things will never change.
IF 'the community' isn't willing to powerup and crab in the crab bucket, why wouldn't the most powerful people ride hive into the dirt?
They have their money out of the project, any more is just gravy.
It's just good crapitalism.
It's not good Austrian Capitalism, supply and demand is basically the last priority of the entire majority share holding network on here.
I see you point, but my logic was based on starting up with 600 HP again to see if it was actually possible to accumulate wealth casually blogging.
I took a step back and am enjoying the casual experience not tied to my monetary state.
It would be nice to potentially see a community token like POB have a run at edging out the whales, POB turned some heads and that community of people is still around. Maybe it's time for another hardfork?
Once people get power it isn't always a simple matter for them to see reason.
The bright lights of 'being somebody' tend to blind them to reality, imo.
I'm not sure how sticky hive-engine tokens are going to prove to be.
Splinterlands seems to be having some civil unrest.
H-e could unravel because of that.
A new frontend could be launched to maintain the service, but that remains to be seen.
The price looks to be going into sale territory, I hope it keeps going for 3 days so that my savings withdrawal will have time to go through.
Ten cent hive is a bargain, imo.
$0.03 is what I valued Hive at when I left at $3 pet coin, mainly because of the irresponsible pan handling to the splinterlands community, which repulsed me every moment of its existence.
If that community looses everything, I would actually be glad because I considered 100% of the posts about their game to be spam.
I really hope no more socialist retard communities come in here, or it will not be worth buying back at all.
HODL!!
I sell NOTHING!!! This is the way! :)
The more folks that adopt this attitude, at least until the price gets to 6usd imo, the sooner we get to 6usd.
All these people dumping what the largest accounts are giving them can only be stopped 2 ways, whale capitulation and more crabs taking more pie in the bucket.
Glad you decided to ride with us.
Me too! I’m super glad to be here. I started buying Hive when it was $2-3, like a year and a half ago (or whatever my account age is)…but even if I’d been an early adopter I think I’d still be a hodler…it’s just way too cool here for me to treat it as a simple cash grab. Anyway, glad to meet you!
This is a great idea. But as soon as price go that high, it will go back down real fast by those pumping the price. Another thing to wonder, do you want a high priced crypto, or quality content in your platform? I have seen many post of people with very high rep with almost no effort in any single word receiving lots of hive. Hence, my question. Do you want people coming for the money, like they did in the NFT's time, or for the content? I believe hive have survived this much is because of the content. Of the love it gets. Most of my HP as been donated to communities because I believe in what they do to encourage writing.