I’ve been holding off for as long as possible, but today I initiated a substantial Powerdown of my HIVE Stake. I’ve made no secret of the fact that I have been experiencing a bit of a Cashflow Issue recently. I thought that I could get by on my Author Rewards with a few other income sources, but I can’t. I started using a service on HIVE called @reward.app which you can use to convert Author Rewards directly into Liquid HIVE but now I’ve attracted Flags for doing that so that little service goes into the No Bueno Zone.
Source
The annoying thing is that I’ve copped some of those flags on my posts promoting HIVE Community Fundraising so when I get told I’m making “low effort short post” it kind of stings a little. With LEO Threads and Ecency Waves now I thought we might have gotten past that stage of insisting on Long Form Posts and accusing people of Reward Pool Rape because my posts are easily more than x100 the size of the Threads and Waves, but whatever.
The situation kind of gives me flashbacks to the New STEEM days when there was a lot of flagging going on and wars were being fought over the Trending Pages...but I digress. I’ve never had a problem with flags before but maybe I’ve been here too long and I’ve been guilty of turning a blind eye to the way HIVE really works.
I wanted to be up front about my Powerdown and explain what’s going on with me so that there is no misunderstanding. This decision to Powerdown has NOTHING to do with my involvement in the Silver Gold Stackers Community on HIVE, whom I continue to serve. We have another big fundraiser coming up and I want to continue focusing on that in the short term. What I do with my personal stake should not affect that at all and if I ever do need to pull my support from the community project I’ll be giving everyone plenty of notice. That will genuinely be a last resort.
As for HIVE itself, I was previously hoping to hit 300K Hive Power this year, but that won’t be happening now. I am now going to pull out 40K HIVE this June to keep on top of my bills before the End of Financial Year here in Australia. I acknowledge that doing a Powerdown of that size may draw some other unwanted attention if HIVE Whales decide that I am extracting too much value from the ecosystem. We will see if things escalate from here, but the situation is what it is and I make no apology for doing what I am doing.
Maybe this reflection point is going to turn out to be a blessing in disguise because its always good to find out where you really stand and sometimes its a case of being - The sooner the better.
Understandable, @buggedout !!!
The Hive is yours! Do what you want with it.
!LUV
!PIZZA
!BBH
Survival in the real world is more important. No one will blame you at all!
We're behind you @buggedout
I certainly can't blame you for powering down some of your HP. People do it all the time here. You earned it, so it's yours to power down. I would hope more would be understanding that life happens, and the nice thing about Hive is we have that ability to convert some of our earnings and have the life line when needed.
I can totally understand, I hope that this resource is helpful IRL. I appreciate all of your support through the years, through SGS (and SSG of old) and consistent posting. HIVE is not like a bank, were you get dirty looks cashing out what (you think) is yours. On the blockchain, your stake is your possession, for you to do whatever you desire. Your stake is not the community's stake, although your support is always appreciated.
Grab those HIVE moneybags and smile, you earned it!
Sorry that you're being flagged for that. I wonder if everyone using it is being flagged? I mean it's created for a reason and I think everyone needs some relief in real life from time to time OR just wants to trade with the liquids to power up more later.
Thanks for everything you're doing for silver gold stackers !LUV
Thats B.S. Your posts are one of the few I read all the way through. I have powered down my hive hoping to convert to HBD after a bull market which don't seem to ever happen anymore. lol This is why I keep most of my stake in Leo and SPI has been good.
Cheers!
Sorry brother. Flag wars not again…. Hope it works out for you.
It’s your property. Anyone pissed or punishing people for powering down, it’s just beyond stupid. I’ve been getting a bad hunch the past months that something might happen. Just seeing things that are concerning. I might decide to take some value off table also. This sucks someone so invested in this place like u is getting fucked with.
I didn’t realize he hit most ur posts. Very frustrating! All he’s doing by hitting real quality accounts like u is hurting Hive
I think there should be no objection for doing power down, its the right of every hive users when to power up and when to power down.
I really enjoyed reading your every posts, maybe not commenting. Anyway i wish you best of luck for this decision and want you to continue sharing your posts.
Not too far, I can see you just like I can see the moon. haha! Jokes apart, I will reach there in a few years. Congratulations on your journey and just as you said make no apology for doing what you are doing because you have earned this HP here, now if it does not help you when needed, then what is the use of it. :)
Sending Love and Ecency Vote!
That's too bad that you have been getting flagged like that. I think we all need to start realizing that there is space for all kinds of content here. Just look at the Liketu people and what they are doing with short form content.
Do what you gotta do, man. It is a hard pill to swallow watching the Hive price go nowhere bull cycle after cycle while many others take off. We love Hive, but gotta pay the bills too.
It’s better to PD. I have done it in the past.
Also you save on fees of reward.app
Hello buggedout!
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