I've been floored

I wrote this post and I got 406 votes on it. Holy nukes. I don't think I ever got 300 votes on something. If this were the early days of Steem, it would be worth $20,000. Now, Hive Power has become distributed among many people and so 406 votes adds up to $10.59 for the entire post reward. I am still honored that my post got so many up-votes.

Monetary Inflation

With Bitcoin mining, the total revenue for all miners added together will eventually trend down to the transaction fees that get spent on the transactions. The coinbase transaction per block is down to 6.25 BTC. So the rise of supply in terms of all BTC every produced during the times of 50/block, 25/block, and 12.5/block is 1.3%. That's a tiny amount for monetary expansion and $125,000 per block. Estimating based on median fees and median block size (couldn't find the total fees in my favorite block explorer), miners only get $2,070 per block in fees. As coinbase payments drop, miners are set to lose a lot.

Over on Hive it's 9%. The Hive block explorer, has so much information on it but it isn't so easy to understand what the information means. :) But if we trust the virtual supply amount multiplied by 9% should give you the new annual rewards, Hive will be paying out its witnesses, savers, investors, authors and curators about 42,310,875 Hive this year. There are over 2 million registered accounts on Hive, and the rewards has more people to get spread to.

Rather than trying to get money from the reward pool, you can earn by selling services like sites like privex.io (@privex), hivelist.io, sites like splinterlands.com. These sites sell goods and services for Hive Dollars or Hive. They don't need people to vote for their content because people are paying for what they do. It is easier to do these days because of http://hivepay.io/ . You can integrate that into your website and start accepting Hive and HBD. You can also hire me to give you a CSV of your Hive earnings of the year.

What about fiat? Where as Hive has a stable percentage increase in supply, the U.S. dollar has had an explosion since 2020.

It looks like something that is exponential, and we have seen about a 400% increase in the amount of dollars. You can see the price rises in houses, food and other goods. The worst of the three is of course the dollar in terms of its supply. I think some of this newly created currency will go into crypto causing demand in cryptocurrency. Supply is only one factor. Demand is the other factor and depending on how demand goes into Hive or Bitcoin in the future is just as important as supply for determining which one gets the best appreciation.