Having been on Hive for some time now I can some what see the bigger picture and how important a role stake is going to play in the near future. Stake and the ability to have a big enough stake in the years to come will become a crucial part of how well everyone does.
Over the last 42 months the aim has been to grow as fast as possible and that hasn't changed. There have been some welcome distractions along the way like LBI and SEED oh and not forgetting Kingdoms having to purchase BNB. That is all part of growing though and being involved in what is happening around us on Hive.
Reward Pool
This is something that has had me thinking over and over as the size of the reward pool doesn't increase when more users arrive on Hive. With Splinterlands we have seen the number of accounts increase over the last few months and there have been a few new users filtering over onto the Hive tribes.
source
A public pool that is not so busy is like our reward pool right now being shared by only a few if we understand what is coming.
Currently there are just over two million accounts (2,026,521) and thankfully those are not all active on the blockchain for now. Many of those are no doubt alts as many of us have more than 1 account. What happens though if another million users arrive within the next 6 months or a year arrive to earn there slice of the pie?
According to @penguinpablo latest report on Hive we have about 15 000 daily active accounts give or take as this is to get an idea of the impact of a sudden rush of new users. The reward pool currently is sitting at 788,098.702HIVE (hivetasks) and doesn't grow when more users arrive. This is shred out with whoever else is earning and adding another million users is not huge considering the numbers of people out there looking for extra sources of income. That is over 60 x the number of active users we have currently so whatever rewards you are earning now would drop considerably.
Many have mentioned in the past that one day the best way to make rewards is via curation thus having stake is that important. The ability to earn Hive will become harder and harder to earn the more people that arrive. Looking back at posts earning 50 Hive may seem like wishful thinking in a few years time the same way we saw posts on the old block chain receive 1000's. 5 Hive may become that type of equivalent in 2 years time depending on how many users are here.
This is a numbers game and understanding the value of the stake you have will depend on how much you earn in the future via curation/interest or whatever other forms of earning are possible. The ability to earn via posting will still be there, but the ability to earn a bucket full of Hive won't.
I have seen many say they wish for mass adoption to happen quickly yet they don't have much stake. Many will regret wishing for something that could affect their earning capabilities on here as once the numbers arrive the ability to earn Hive will change. Having stake is more important than many might still think and there is still an urgency to grow like never before as the clock is ticking.
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Also, it gets you some nice airdrops once in a while. In the coming months, it may be smart to pull out of some other projects and funnel it back to Hive.
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The airdrops are the bonus and why I have been growing my Leo stake for Project Blank. The #Speak one will be great as well plus whatever else arrives that we don't know about yet.
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This is a double sword knife when you think of what could be possible with
Hive.
$1/Hive with more people onboard, it will be chaos if you are a newbie and no stake
in the game.
Everyone will win but mathematically not great if you have no stake.
$5/Hive it will be harder since more eyes will come to reap the reward.
!BEER
That is true and why the ones who don't have stake should be staking now. I don't understand them as this is not going to stay the same forever.
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Having significant stake cannot be overemphasized. Am glad you added some time element to it, as it is necessary to make haste while the sun shines. Now I just need to take my own advice and keep growing
HIVE is attracting many people to the community. With Hive and splinterlands games.The game is going to attract many people to Hive community.
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Yes but will they come onto the tribes or stay in Splinterlands? This is crucial as this is going to explode at some point and growing now is vital.
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They may come to tribes
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BEER.This is why I’ve been taking profits from Splinterlands and bringing them over to my hive account! I powered up 1k hive in September, bringing my total to 15k but I’m going to keep trying to push it up as high as I can. Earning post rewards has been good but I’ve seen it slow down a fair amount as far as HBD and all that, to convert to hive. Hoping I can use Splinterlands to get to 20k hive before the end of the year! Getting 3-4 hive a day in just curation has been amazing!
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Lol thanks for the answering to my questions with this one haha. I am currently staking also all my tokens (SPORTS being my biggest stake so far), I see it a little bit as a game.
Speaking of which, I wanted to do that SPORTS challenge with making people do pushups :) it's a one time thing, what do you think of the idea? Do you think it's stupid as we are talking more about pro sports, than making some? I told you about it once but you weren't' impressed 😒.
So the idea is:
"How many pushups can you do in one go?" challenge.
People win the amount of pushups they can do in one go. It can't be faked of course, of disqualified. They can record themselves on video using 3speak.
I know, that I can do 100 pushups in one go, easily. I haven't pushed myself for a while, but we can also make it interesting.
If someone can beat my personal (which I will prove on video 😃) record, I can give a special prize, like 1000 SPORTS?
Nay? Yay?
Lol. Yes we can try and get some records going and see if we can get a champion crowned. I will see if we can get some decent rewards as this could be loads of fun. Lets wait until the sportstalk site is up and running again as the front end is down and should be up hopefully soon enough.
NOOOICE!
You mean I am the clear champion 😁
I've just checked your update, that's a bummer. Just keep us updated, in the meantime we still keep on posting this week as usual. The UFC event is crap next Saturday, so the pushup challlenge is perfect haha.
Awesome post! Reblogged and upvoted due to its awesomness and quality.
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