Such a great post! I would like to see 100+ views on this post and that people READ it from the beginning to the END, not just write automatic comments without understanding it!
I'm also able to cast larger upvotes to content creators here, which I hope will incentivize folks to create high-quality, educational or insightful posts.
THIS! If we (ALL) would do this, the majority of HIVE issues would disappear!
Spending money is fun and in a lot of cases, necessary. A lot of folks exchange the HIVE they earn for food, electricity and clothing. But by staking some of your tokens, you are not only able to earn more and help others earn more, you are able to vote on witnesses and proposals.
That was something that we were talking about at the end of my presentation at #BuzzParty2024 in Hamburg (the @cbrsphilanthropy guy asked this question)... How do people from Venezuela spend ALL their earnings immediately after earning it... I do understand that people need food and clothes, but everyone can save a spare HIVE and put it in HP... Small steps...
Well, I haven't seen much price movement for HIVE in the past couple of months, so I think I'm better off putting my liquid HIVE away as HIVE Power
I had the same thinking and did the same... lol... Powered up 1K HIVE...
Congrats on your power-up! Happy #HivePUD and keep preaching and doing what you are doing... It makes a difference!
Exactly, people in Venezuela spend HIVE and HBD too fast and so teh pool is being drained daily. When we had Haijin cleaning the SteemPool back in the day of Steem, everyone were very angry cause this was a huge flaw in the earning system. Heijin upvoted all his posts with huge amount of steem and he collected like 20K a month. But ok that's a diferent story.
So, Hive changed their motto and not tellig people that you can Earn on Hive but in Venezuela this is the only reason people are on Hive and they onboard people to Hive who will be earning and taking all away.
The reward.app has turned everything upsidedown and now since all the earnings can become liquid makes it more apealing to just withdraw everything. At least with the original system it was 50%/50% and I think that reward.app should be disabled.
Unfortunatelly, automatization things can't be disabled as there will always be ways to do it... look at Splinterlands and bots... You kill 3 "public" bots, while "secret" bots are still working...
Education of users could help, but on that side, people are too lazy to listen... lol...
Thank you for your detailed reply! love to read all your comments.
I ask the same question about real life. How is it possible that people don't save a little bit of money from their salary? I still haven't found the answer. But in HIVE specifically, I think a lot of newer/smaller accounts have still not figured out the benefits of giving up immediate rewards to have an even greater reward in the future. I think a lot of folks see HIVE as a crypto faucet.
I 100% agree with you! And because of that, posts like this one are important!!
Thanks for educating others!