HBIT Hivebits quarter report - Q3 2024

[hivebits]

Notes from the past quarter

There was no report since quarter 4 of 2023. The reasons for the lack of reporting was that, first, I (@crrdlx) simply forgot. And secondly, the bots which run things went down. I was unable to figure the problem, grew discouraged, and feared things might not get going again. After some help and a server switch, things got got back to working. So...

1. The most important thing to note is that Hivebits (HBIT), and thus the @Wusang game, is back up and running. Anyone with a Hive account can mine @Hivebits (and play @Wusang in the process). Nothing else is required, just use the HBIT command like !HBIT.

2. You no longer need to reply to yourself. This means a few things:

1. You can use a Hivebits command in any post or comment (it doesn't have to be your own). The reason for the you-must-reply-to-yourself rule and the reason for the switch back from it was detailed here.
2. The 90/10 split is back. When a user invokes the HBIT command, 1.0 HBIT is mined. But, it is split in two. 0.9 goes to the person who invoked the command. 0.1 goes to the person being replied to. This makes HBIT a small tip token. If you want the whole 1.0, just reply to yourself (and that's okay!).
3. Best practice: the best practice for HBIT is to set up your own "HBIT mine" - which is just a post you made for this specific purpose - then reply to it each day with the HBIT command. The purpose of Hivebits from the start was not to be a tip token, but to be a proof-of-effort token. You put in the effort, you earn the reward.

3. Another change is the addition of PeakD badges for the top 25 BLAQ, BLAQGOLD, and BLAQEMRLD holders. Hiver @savvytester suggested this idea, which I think is great. These three @Wusang game tokens now have PeakD badges for the top 25 holders of each. savvytester has kindly offered to help me keep an eye on the top 25, but if you think you deserve a badge, let either of us know.

Numbers

Category	Amount	Note
Ave. daily HBIT emitted	28 (88 last report)	See Graph 1 below.
30 day ave. emitted	25 (14 last qtr)	See Graph 1.
Current circulating supply	80,000 (70,000 last qtr)	See Graph 2. There are currently 71,341 HBIT in the wild and 8,659 held by @Hivebits waiting to be mined.
Wallets that have held HBIT	4,112 (4,026 last qtr)
Wallets holding > 0 HBIT	3,248 (3,203 last qtr)
HBIT Whales	25	HBIT whales are those in the top 25 of HBIT holders. See richlist here. HBIT badge account: @badge-126842. If you feel you should be a whale, please contact @crrdlx.
Current Whale-of-Whales	@fjworld	2nd and 3rd HBIT whales are @good.price and @hannes-stoffel. Check your status on the HBIT richlist.
Number of HBIT emitted without any effort	0	Every HBIT represents some amount of work.
% HBIT released due to users' effort:	100%	Every HBIT represents someone's purposeful effort on the Hive blockchain.

Graph 1 - HBIT emissions

_{Hivebits shared via the HBITbot.}

Graph 2 - circulating supply



_{The circulating supply of HBIT. This is the amount of HBIT minted, but not necessarily in circulation. Most tokens are in Hive wallets, except for those in the @Hivebits account which are on standby waiting to be released when a Hive user calls the HBITbot.}

---

Wusang richlist

For fun, let's tip the cap to the Wusang tokens top 3 on the richlist:

• BLAQ - #1 is @fjworld, #2 is @szejq, and #3 is @maksim55555. Check your status here.
• BLAQGOLD - #1 is @fjworld, #2 is @calendars, and #3 is @szejq. Check your status here.
• BLAQEMRLD - #1 is @fjworld, #2 is @good.price, and #3 is @calendars. Check your status here.

---

Different

I feel Hivebits/HBIT is different from many tokens and feel this point is worth emphasizing...

Every single HBIT that in someone's wallet exists because someone actually put in conscious effort to mine that coin. Every single one. Zero were airdropped. Zero were given away. Zero were earned through rewards or staking or interest without someone first mining that HBIT. If an HBIT is "out in the wild," it's there because someone took the purposeful effort to dig it out. Just as bitcoin is backed by the code and the work required to mine it, HBIT is backed by the effort required to earn it as well.

History lesson

Hivebits was born on 1/1/2022 and came after its big sister, LUV. Whereas LUV is about giving to others and expecting nothing in return, HBIT is about your effort earning you a reward. It follows the proof-of-work concept that bitcoin established...if you put in the effort, you earn something in return. So, the only way an HBIT gets into a wallet is by someone's purposeful effort, somewhere, at some point on the Hive blockchain. This makes HBIT different.

The intent is to keep Hivebits/HBIT easily available to everyone. To "mine" HBIT, all that is needed is (1.) a Hive account and (2.) to use a command such as !HBIT posted on the Hive blockchain. Simple, your effort, your reward.

Since 9/10/2022, HBIT has been integrated into Wusang: Isle of Blaq. WUSANG is the World's Ultra Simple Asset Numbers Game.

Prior reports:
Quarter 2 2024 - no report
Quarter 1 2024 - no report
Quarter 4 2023
Quarter 3 2023
Quarter 2 2023
Quarter 1 2023
Quarter 4 2022
Quarter 3 2022
Quarter 2 2022
The introduction post is here and the "About" post is here.

written by @crrdlx

EDIT: added some stats and top holders that I'd overlooked initially.

_{HBIT whale badge awarded to the top 25 HBIT holders.}

---

• Check your wallet or trade HBIT at: TribalDEX
• Connect to HBIT: Discord, Sting, Matrix, Telegram
• HBIT creator: @crrdlx

---

_{I go by @crrdlx or "CR" for short. See all my links or contact info at https://linktr.ee/crrdlx.}

Comments

[middle-earthling]

!MEME
!LOLZ

[meme.bot]

Credit: orionvk
Earn Crypto for your Memes @ HiveMe.me!

[lolzbot]

lolztoken.com

I can always tell if someone is lying just by looking at them.
I can also tell if they’re standing.
_{Credit: reddit}
@hivebits, I sent you an $LOLZ on behalf of middle-earthling

(6/10)
NEW: Join LOLZ's Daily Earn and Burn Contest and win $LOLZ

[hivebuzz]

Congratulations @hivebits! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You received more than 3250 upvotes. Your next target is to reach 3500 upvotes.

_{You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP}

Check out our last posts:

	Our Hive Power Delegations to the September PUM Winners
	Feedback from the October Hive Power Up Day
	Hive Power Up Month Challenge - September 2024 Winners List

[kenny-crane]

Thanks for all the details about !HBIT and the BLAQ tokens. Best wishes in all you do.

!LOLZ
!PIZZA
!LADY
!INDEED
!BBH

[ladytoken]

^{View or trade LOH tokens.}

@kenny-crane, you successfully shared 0.1000 LOH with @hivebits and you earned 0.1000 LOH as tips. (1/4 calls)

Use !LADY command to share LOH! More details available in this post.

[ladytoken]

^{View or trade LOH tokens.}

@kenny-crane, you successfully shared 0.1000 LOH with @hivebits and you earned 0.1000 LOH as tips. (1/4 calls)

Use !LADY command to share LOH! More details available in this post.

[lolzbot]

lolztoken.com

I'd like to start a diet.
But I've got too much on my plate right now.
_{Credit: reddit}
@hivebits, I sent you an $LOLZ on behalf of kenny-crane

(1/8)
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.

[ladytoken]

^{View or trade LOH tokens.}

@kenny-crane, you successfully shared 0.1000 LOH with @hivebits and you earned 0.1000 LOH as tips. (1/4 calls)

Use !LADY command to share LOH! More details available in this post.

[pizzabot]

PIZZA!

$PIZZA slices delivered:
@kenny-crane_(1/5) tipped @hivebits

[bbhbot]

@hivebits! @kenny-crane likes your content! so I just sent 1 BBH to your account on behalf of @kenny-crane. _(1/5)

(html comment removed: )

[indeedly]

_(1/10)
@hivebits! @kenny-crane Totally agrees with your content! so I just sent 1 IDD to your account on behalf of @kenny-crane.

[fjworld]

Great news.
Will need to make some small changes to my daily routines so I can enjoy the #FUN once again. !LOLZ

Thank you very much for the mention and your dedication to keeping the project !ALIVE

[lolzbot]

lolztoken.com

When is a door not a door?
When it's a jar
_{Credit: reddit}
@hivebits, I sent you an $LOLZ on behalf of fjworld

(2/10)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP

[hannes-stoffel]

Welcome back :-)

So glad !HBIT is working again. Thank you.

!Luv

[luvshares]

@hivebits, @hannes-stoffel_(1/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily

Made with LUV by crrdlx

[iceledy]

!LOLZ

[lolzbot]

lolztoken.com

What do you call a witch's garage?
A broom closet.
_{Credit: reddit}
@hivebits, I sent you an $LOLZ on behalf of iceledy

(3/8)

PLAY & EARN $DOOM