There was shock horror in the Hive blockchain this week as the Hive token fell to just 18 cent and down to 344th on the coinmarketcap crypto rankings which left many scratching their heads around the future of Hive. Granted the pesky Germanys decided to dump a load of Bitcoin on the market because there is still an element of deviousness with them but still, everyone fell but Hive fell more. With all the projects on going in Hive at this time Hive users were amazed that their token had fallen off a cliff as it was 40 cent a month ago which was still low enough. However they were still eager to point out that those bastards over at Steem were 389th on the list.
One upstart pointed out that maybe Hive is fundamentally flawed the whole motivation to stake your Hive is a bit weak if anything. The ROI on Hive power is not great if one does not curate but the dick extension does help and nobody minds the Yes sir , No sir three bags full sir comments from lackies that love an upvote back on their "Tour around Lagos" post.
"So the basic premise of Hive power is that the more you stake then the more your upvote is worth".
"So unless you give yourself a little upvote pat on the back vote for a job well done then barring the small interest rate , all Hive power does is give strangers a bigger upvote."
"For all I know I could be giving @sexyann a 100% upvote and Ann could be a bearded buffoon in Russia eating dinner off his hairy chest."
So 1000 HP gives you a 10 x tuppance upvote. Things get scary at 5000 HP when the upvote is around 10c. However the goal is to get over the 5000HP so you can give yourself a new fish name which is I have to say a motivation. Dolphins have a better ring to it than minnow so on this alone a Hive user should strive to get to 5000HP, Dolphin to Orca is not so much of an upgrade. Dolphins have more fun so many stop at dolphin for this reason alone. All Orcas do is nock little baby seals off small icebergs for fun which is an outrage. Everybody is jealous of whales so it is not that good to be one of them so many people just stop at Dolphin.
So if you stake say 100,000 HP your upvote is $1.10 which is quite good actually and this is where you start getting recognised. The size of your balls grows exponentially. Now people are giving you many tuppances upvotes to feed off your curation. It is clear that the normys have not read your post with the generic comments.
The real secret to success on Hive is to persuade people to give you money for not doing anything. It is like unveiling a secret fight code. The DHF fund gave out HBD to many accounts in May (I have yet to do Junes) One account had a mere 900 measly HP in their wallet but they managed to secure 160,000 in Hive. Now I shall clap my hands at this as it is an absolute steal. Well done to that user. However the more the token dips then the more outrage there will be about a bloke contributing so little to "securing the blockchain" but is "securing" as much as 30% of the total DHF funding. So people it is not a necessity to have Hive power to be successful on the blockchain. Buy a bit of GYM equipment and slap a Hive sticker on it and you can live off the funding. Most better than reading about Jenny's relationship difficulties or somebodies new crow.
But I keep hearing there a many projects in the pipeline.
Are there though ? Can you name many of them? There's that chess/ poker / Greek god / Mario kart / Sonic the Hedgehog led by god himself that we were chatting about 3 years ago. Threespeak is buggy. Splinterlands which is a genius game but is even having a hard time keeping the doors open, Genesis League is a ghost town. Leofinance is trying hard but Twitter is just better so we are back to the "Walk in the Park " posts that would send anyone to sleep.
Now one could say that at Hivefest which is the annual meetup for the Hive Community then people will not be strangers anymore , they will become friends and they will start giving their upvote to their new acquaintances but the percentage of the Hive blockchain that can afford tickets and hotel stays is minimal so it does not represent the masses so we are back to the tuppance upvote.
So we are a sinking ship eveybody. We need a leader. Decentalisation though , we are all leaders. The people with the most stake has to be our proper leaders right? They led us here like Moses in the first place. Across the narrow hard fork into Pleasantville where the Steem villain's were no more. So whats the plan to get out of this mess or are we gonna fade into obscurity like Weku, Scorum and Whaleshares ?
Of course, staking to earn 3.2% APR for not giving money to strangers is an option too. But when the token looses 50% of it's value, I suppose it's not exactly a win.
🤣 The aul 50% drop can't be good for the ROI
Splinterlands throwing out warnings of having barely a year's left of funds left on their own (without proposals and dhf) is genuinely a worry. If that's failing then we genuinely have nothing else. No matter how many front-ends get released, it just isn't enough.
With how posting is decreasing (comments are apparently up while posts and naturally rewards are down), I've been thinking we're already witnessing this for a while now. Especially with the scare of low volume resulting in exchange delistings. We're only really on Binance and that's a massive concern given projects with higher volume than us have been delisted in the past year.
Definitely in a tough spot. But hey, let's pay someone to drive a car in some mud somewhere in Europe.
🤣 😂 If we didn't laugh we would cry
When the top 20 accounts take 50% of the inflation intended to attract users isn't slow death the intention?
Centralizing stake in a decentralized ecosystem cannot be healthy, I wonder why folks would do that.
It will all be alright, you'll see 😀😀
The only real concern for me is that I will never be able to read about El Jefe again. My top 3 favourite charactorsof all time are
3 Omar Little ( The Wire)
2 Homelander (The boyz)
1 El Jefe
😆
Haha!! The lard mountain of a boss!!
Right enough, it would be a bit shit if it went tits up. I would have to go back to my erstwhile career of writing funny Amazon reviews for free products 🤣🤣
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Dolphins are also more delicious than Orcas hence the reason that you never find killer whale in your tuna can
I never thought of it that way. An entirely different angle which I like
Grow your stake and all will be fine. I am honestly not worried because prices and HIVE will bounce back. We have seen this all before and this was kind of expected with the Bear market being too easy. I have other stakes elsewhere and they have gone down just as much and yes they have tech and development backing them.
😂😂
It's funny but not funny 😂
You are well informed about Hive token, very good and instructive post thank you