If you are looking for an interesting read and want to learn more about the Hive blockchain, here is a great learning experience post you can have a look by @kennyskitchen talking about the @hbd.funder account getting lots of votes.
Now in order to learn, read the post and then forget that nonsense and move into read the comments section, and pay attention to what @blocktrades and @smooth are talking about. Also, you might want to pay attention to what the people who are "against downvotes" are saying too, as most of them seem to have close to zero idea about how the blockchain works at any level.
There is a lot there to read, but it is worth it if you are looking to learn and, are interested in how the future of Hive is going to look.
I have been meaning to write a post about the Hive Development Fund for ages, but never seem to get around to it. However, in short if you don't know, it is a fund where staked members of the community are able to vote on proposals for various activities. There is a mass of HIVE there that is earmarked for development and when a proposal is "approved" by reaching a voting threshold, it start receiving daily payments to cover various costs of a project, whatever those may be. You can have a look at them here: https://peakd.com/me/proposals
Now, obviously the larger the stake, the more the say, as remember, stake is your voice and you can use this as you choose. For example, the stake that Kenny "controls" is delegated from @jamesc, who is largely inactive on Hive by the looks these days, but he is using his voice through that delegation to support who and how he chooses. Kenny himself holds about 3000 HP and is powering down - he is using his stake as he chooses too - largely by not having much, though he has been on Hive (Steem) since mid-2016.
But, tis isn't Steem, we actually have that development fund to develop stuff now and in the future and I think it is going to be one of those critical points that attracts application project talent and supports them to grow into and onto Hive. The higher the price of HIVE goes, the more that fund is worth and therefore can support.
However, most people focus on what they get as rewards, not what happens with the development of the blockchain they get it from. This is quite apparent when looking at the comment sections and the people who are worried about downvotes "destroying Hive" - because they are people who are getting downvoted. Yes, downvotes are destroying Hive, *in their opinion, as they aren't earning on what they are posting - which is all they focus upon.
This of course gets framed as a "loss of freedom of speech" but this actually isn't the case. In fact, after several years of saying they could, I think some of them have built an interface with no downvotes and a second-layer token through Hive-Engine - no one stopped them from building all of this on Hive - their freedoms are intact, as are all the words that they have ever submitted to this blockchain - and the one that came before it.
This is what the future of Hive looks like - communities building what is suitable for them on the blockchain and no one is going to stop them from doing this, however, this doesn't mean the base-layer token that secures the blockchain and is one of the core value mechanisms for providing that security, need be jeopardized. Second-layer tokens are the future but many people do not want to "give up their easy HIVE" as earnings, which is natural. However, since stake is our governance voice on Hive and part of the governance is in the distribution of the token itself, this is going to be contested in many ways.
So, what this means is that just like all the tokens that Splinterlands and uses, as well as the LEO token and others, in order for them to have value, projects are going to have to add value one way or another, which means creating a demand for the token. The problem is, when there is more volume being sold than bought, the price of the token goes down. With a lot of this particular group, they just don't have the interest from buyers who are willing to hold, and many of them have sold what they have earned in other tokens consistently already, which is why they have no stake, not because of downvotes.
It is a hard thing to build a business and this is what has to happen in the blockchain and crypto industry in order for real value to be generated through actual activity, not just speculation on the future. The Hive Development Fund gives the Hive community a "kitty" to use to support all kinds of things and what should actually bode well is, at least some of the people with stake are pretty knowledgeable and bullish.
I am always bullish to a fault on Hive... but this makes me more so:
People look at that hbd.stabilizer payout and think "that could be mine" to some degree (don't believe it when they say - "it could go to real content creators" as they mean themselves), without having any clue as to where it is actually going, or what it is going to do. Perhaps if they spent some time actually learning about how the Hive blockchain works instead of complaining about downvotes, they would feel a little bullish themselves and realize, there is more to this than what they think there is.
But, most won't, because that is human nature too. People are only interested in the immediate gains they can get, not what they could get, especially if there is no clear timeline on when those gains might be realized. I am sure that many people were selling their HIVE at 11 cents at the start of the year and even if it went to 20 and they sold and then returned to 11 cents, they wouldn't be the ones buying back. I will be though - My plan is to whale up on stake, picking up what people don't want so that when that development slush fund has an effect, I am here staked with a place to play, write and be part of a community I value and, has value.
Five years I have been here in January - I am still learning.
Taraz
[ Gen1: Hive ]
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I had a discussion earlier today with a curator who wanted to "earn more" and asked me how he could do that. I initially mistranslated it as "how can I maximize my rewards" so we didn't come off to a good start, after seeing many do so over the years, thinking short term and taking the short way out and still seeing what a lot of autovotes do these days it was a natural reaction unfortunately. To my surprise the curator was wondering what more he could do aside from curate and the occasional posts they create. I told them about our onboarding program (which isn't for everyone) but the main thing that stood out and I could advise him on was being and remaining active, building connections, a rich and genuine engagment both outside and on his own posts, etc.
It feels like that's something many take for granted these days, that the one big value they can give to Hive and themselves in the same go is just using it more. I see people constantly use other socials, mainly braindead scrolling forever and liking random things they see but even on Reddit some do a lot for some random worthless karma points and attention. As in they spend time moderating subreddits, replying to users as to why their submissions didn't land, what they forgot to include, etc, to adhere to the subreddit rules, many are even starting to generate original content and attempting to also promote their other socials in the same go (even though Reddit hates taing people outside of Reddit so most subreddits are against self-promo or even sourcing to the original owner in a comment), you know, shareholder centralized shit. Many also spend hours just commenting, engaging, etc for what? Nothing.
I keep wondering what those users would do if their effort wasn't just met with a little attention and some random points but with actual monetary value. "Hey you went through all the trouble to explain to me what I could do better with this item I purchased today because you're a pro in that field, thank you, have an upvote", while thousands of other readers also learn something new and appreciate the comment with their votes resulting in hundreds of $ of rewards.
Anyway, going a bit off-topic, but I told him that if you can't find anything else to do right now to generate more income, think long term. We at @ocd have already started more and more taking into account users social activity before we curate their content, cause content isn't all there is to being rewarded. Sadly not everyone is as good at placing certain words in the correct order at the right time like @tarazkp (:P) so not everyone is automatically going to have a lot of consumers without having attempted to build an audience, those who do not only show effort and that they've tried to use Hive and well but it also rewards them back eventually and brings value to Hive cause it makes for better content to consume where you can read the post and if you're interested enough continue reading more thoughts from readers and the author on certain topics. It's something I've done on Reddit in forever and many subreddits thrive on mainly that, the comment section. Where as most authors are replaceable and their content can be written by many while at the same time no one gives a shit to read it or engage in it, that's not real value. I'm not against showering new users who may be bigger on the outside with votes, but if they over time don't attempt to use Hive properly or give back some of the value they're getting then it doesn't matter to me much who they are, I am most likely going to be adjusting the rewards down a bit to balance out the value to other users who care enough to try and not take it for granted.
Anyway, comment got long, sorry.
Yes it is. I have noticed it too, as many people are getting that "easy money - some not even commenting much on their own posts. It is crazy how much effort many people go to on the other platforms for nothing more than "reputation" and some sense of power for moderators. Here - people take it all for granted.
This is something I have never understood here - why aren't they here? It definitely isn't the downvotes.
Would love some "hive-powered" Reddit forums. I am not sure how, but embedding them into a Hive interface with a HIVE plugin mechanism for voting. Might be a good proof of concept.
I think having those active people here and the moderation at the "reddit level" would also help normalize the downvoting processes for Hive too. Would be interesting to see what it would be like to have 10M users all doing their thing :)
Many of them were, back when we had a million+ users as Steem - and they left because none of them got rewarded (like most creators that come here - unless they're crypto shills)
There was never a million users on Steem, there were a million accounts. Quite a difference.
lol
Is there a particular reason why the HBD Stabilizer is being supported by upvotes in addition to funding from the Hive Development Fund?
yes, to increase its effectiveness. When HBD was over one, it reduced the inflation rate enormously and converted it to future funding. It is doing a far better job than I predicted it would.
@smooth, I saw that. It did do a little to explain why, building up the war chest.
Read up some on the HBD Stabilizer. Sounds like a critical system especially for development on the blockchain. Now I'm not super smart, but since HBD was > 1, all the upvotes allowed the stabilizer to convert that HBD from the upvotes to HIVE which pushes HBD down and then the stabilizer is able to convert that HIVE back to HBD at the slightly lower price making profit for HDF. Upvoters are increasing the HDF which is going to lots of different proposals.
If this is true, than the complainers are not reading into what the stabilizer does. It's increasing the HDF to allow more development opportunities. As the comments say, they are looking only at layer 1 rewards. Layer 1 rewards are becoming an antiquated concept. The future of the social media functions are on layer 2.
I think I can see now... am I looking at this right?
That looks about right to me.
Summary: All of the rewards for @hbd.funder go to @hbdstabilizer and everything in @hbdstabilizer goes back to DHF to fund further projects (after being used to trade overpriced and underpriced HBD to generate an additional profit for DHF and exert a stabilizing influence on the HBD price).
Pretty much. It is after 4am and I am in bed, so will have a look more closely in the morning. If you look at @smooth 's blog you will see the details and conversation around it.
I just realized that this is essentially what blocktrades said, but I had to read about the HBD stabilizer to understand what he said. I can be dense haha
It is a good process to go through and as long as you end up building an image of the concept that works for you, all good :)
It is answered in @blocktrades comments within the referenced thread.
Thanks :)
Thanks for the mention. I'm in contact with @blocktrades and @kennyskitchen and playing catch-up..
Oh, you are here. :) I checked your comments and didn't see anything for six months or so. Glad you are still active.
How is hive "easy money", I refuse to believe I'm the only one that gets stressed out by autovotes XD
I absolutely do really appreciate them but the pressure to keep up the quality to be worthy of them is kind of intense but I have to really fight with my brain to not feel bad about posting progblogs as otherwise I'd pretty much never post
I hope the front end with no downvotes does better than a not-hive project I was checking out that also had no downvotes. That one did not go well.
There are a few places that have no downvotes I think, none do so well.
The autos do put some pressure on to both create and stay engaged. Personally, I never have or will take them for granted. One thing is though, most of the times the autos are earned over time, where the content and creator become trusted.
Have you tried any out?
They really do x_x
Nope - I am only on Hive. I have looked occasionally, for example at Blurt and seen how it is not a place I want to be :)
Absolutely. One of the many reasons I've always posted less and less when the price of Hive is up.
And, if you get auto-votes, then it puts you in the sites of the big down-voters as well.
Besides when you start calling them out and they zero out all your content, their main reasoning for down-votes is posts with "too many earnings" and "too many upvotes."
I guess that's a problem that's going to come with the territory x_x
Autovotes are easy to not stress about, if you post content you're not that comfortable with receiving a lot of rewards on, you can easily forfeit part to send to @hive.fund (the DHF) or something other non-profit or a project you think should get more rewards. It's of course hard to say how much rewards you're going to get but I think many would appreciate the sentiment and not downvote compared to those who never even think about this and post their daily posts out and lose their minds when downvotes do occur, it's easy to see that they only care about the rewards in some cases.
I have the type of brain that adores making entire mountain ranges out of singular worn down molehills ^_^;
I have considered the sending-to-DHF-fund thing but...
All my posts have beneficiaries (the most I take is 90%). Even years on (I think it's four?) I still have exactly no idea how to evaluate a post. If there was a way to cap the earnings and bleed off excess to DHF or wherever, would me capping my progblogs (which I try for weekly but can vary widly according to my quality standards) at say 20 hive and anything beyond that goes to DHF is that still considered too much? With the current tools I have available on peakd, if I just took 50% of the post payout, is that still too much?
There's not going to be a straight answer for this one XD
and I'm not even considering the people who seem to be against the DHF for whatever reasons
So I currently don't and scream internally the entire time >_>
As someone picking up a lot of autos for a post, I struggle daily with wanting to write but fearing there is not 'enough' there. So, two/three times a week is where I've been at for a while.
If it's any consolation, my progblogs are weekly and I still struggle XD
You're struggling with how much you think "enough" is? Or just that whatever you're doing isn't "enough"?
I disagreed with forking the ninja-mine over, and still do. Development should have come from witness rewards, with a scarcer token making them more valuable.
There's no way to know how much enthusiasm and momentum it cost us, to not just drop the damn ring into the volcano, so maybe I'm wrong.
Yep, Destroying it was definitely the right option... and I've definitely beat myself up a bit for not realizing how massive a red flag it was that they put it into their own coffers instead.
I wanted it burned too, but it wasn't, so here we are. It would have been a massive message to the world.
Great job not actually reading through any of the massive conversation that's been happening for many months (the recent round of it) and instead acting like this has something to do with my stake, or development on the blockchain.
You missed the point, and your boot-licking post is quite obviously not about having a conversation... I say quite obviously because your introduction makes it very clear that you have no interest in actually taking part in the conversation at hand - just making $200 for helping shut it down.
Shows your own ignorance on this matter.
To be clear, the matters being discussed are censorship, centralization, targeted down-voting campaigns, and libel & slander being published by top witnesses.
Your post is responding to just my most recent post in this months-long conversation, without the context of the whole conversation. One post, which was designed simply to highlight a specific hypocrisy.
Whether intentional or not, you're being wildly deceptive. Based on all the veiled personal attacks, mis-representation, and double-think in your post, it reads as intentional.
There are five years worth of posts of mine you can go through if you want some background on this conversation you are part of for the last few months. Grab a drink and have a good read.
LOL. I meant very specific conversation, with mostly the same handful of people discussing it (of which you aren't one), for the last few months.
I've also been here since mid-2016, part of the conversation, giving my everything to Steem/Hive, because I was so under the illusion - or maybe just so bought into the dream of the possibility of what it could be/have been (if it wasn't a money-decides-everything shit-show)
That handful ( if who I think) seem to be pretty clueless about how things actually function. Perhaps you should have talked with people who understand a bit more.
Well, those were smooth, acidyo, azircon, ura-soul, truthforce, and notconvinced (them + me probably make up at least a third of the 900+ comments on my last 6 posts)
Since 4 of those folks are witnesses, 3 in the top 20, who would you recommend who "understands a bit more"
Understands what, exactly?
Nobody's confused about how Hive works - just debating about who is doing what, who isn't, what would be better, etc.
This summarizes it beautifully :^)
4.5 years for me.
Like you, I am still learning, every single day and that is exactly what attracted me to the blockchain and this 'blogchain', back in the days.
It rekindled my love for learning, at a time when I thought I was fed up with it, after 21 years of education / school and Uni and almost a decade of being a teacher.
It has been quite an amazing journey on so many levels and I know many who have had their life changed here too - and not all are financial points. For me, it was the discovery of writing as a way to express myself - rather than screaming into a pillow. ;D
What did you mainly teach?
Right, I sure can relate to that too, eventhough I have always written ( but most often not for an audience ).
I ( mainly ) used to teach filmmaking.
When you watch films, do you enjoy the film, or pick them apart? :)
Good question. It really depends of the mood that I'm in, how tired I am and how often I have seen a movie before. That, plus whether I am being immersed into the story ( due to good storytelling, interesting characters and so on ).
I most definitely pick up on more than the average viewer, as I analyzed hundreds or probably thousands of films when in Uni but I can still enjoy a film and dive into it, when I really want to and it ticks my boxes.
Do you have a top 5 of "must watch brilliance" - I am always curious, since I don't watch much these days, so when i do - I want it to be good.
I could make a dozen of "5 brilliant movies" lists ( for instance per genre, decade and so on ).
but, from the top of my head here's 5 of my very favorite ones, in chronological order:
Psycho (1960), Don't Look Now (1973), Suspiria (1977), Alien (1979), Blue Velvet (1986)
P.S. I used to blog about movie recommendations, but that's a year or 4 ago. It stopped being fun, as it probably reminds me too much of University ;<)
will get back to you tomorrow. A top 5 is tough, as I have a couple of hundred of favorite movies but I'll see what I can do ;^)
This is a nice read. I am very new to crypto as a whole, everyday I learn something new and I can genuinely say that this this entire 'thing' is amazing. I discovered this site just today and the entire prospect seems not only refreshing but mind blowing.
Thanks for the write up, I learned a lot.
Welcome and have a good time. Most of it isn't argumentative and there are heaps of great content producers on Hive that cover all kinds of topics.
BTW, how'd you come across Hive? I'm always interested.
Wow what a wonderful post but of a truth, it takes discipline and carrying a future mindset to whale up on stake but it will be a good thing if we can all do that and build towards the future on this Blockchain. I will like to build up myself too.
There can't be many whales, but we could have millions of users with a little stake making a difference daily.
Might be foolish but I haven’t sold hive at .11¢ and I didn’t sell any to fiat at 3.xx$ though I did take some nice gains on HBD at that time.
I just started getting into keeping an eye on the proposals lately, in the past several months and making sure I vote on them to help get some up to snuff. Witness voting has been good too, not that my stake is insignificant but it’s good to see people get 36 or so MVests from my support! Helps kick up some from ranks down past some of the old dead witnesses. I wish we could clean up that list and remove the shit that’s not needed anymore. Vote decay can’t come soon enough!
Nothing wrong with taking some gains, as long as it doesn't leave a zero in the balance for the future.
Most people pay very little attention to what is going on here. On that post linked, the comments show it.
I do appreciate the discourse that's going on in there, to the least. These things are important to discuss instead of just staying angry.
Yep, but most of it will lead nowhere for many if the people, as they aren't actually open to understanding the complexities, they just hold onto their own expectations of the way they think it is all meant to be.
Gives me a lot more information! Is that selfish that I enjoy it for my own benefit? Lol
Perusing it now. I didn't have a chance to do it earlier.
Congrats on the perseverance and always being on Hive, you already are an emblematic figure around. Building steadily, believing and being patient is what will thrive in the end and reward when this blockchain will be truly discovered for what it offers.
Posted Using LeoFinance Beta
The next couple years on Hive are going to be super interesting to see how all of the various users interact on a growing number of applications, with a growing user base. Should be a lot of fun to witness!
We understand the importance of the development fund for the future and that's why we have started the @combination account. But it is still in it's early days and once that it really starts to grow a permanent percentage will be set to support the development fund.
It takes time to build, but hopefully will be worth it in the future for you guys :)
Nostradamus had some correct predictions and some others failed.
According to his predictions for 2022 crypto will flourish and change the old monetary systems.
That was a good one, but the other stated that a devastating nuclear war will break out and in the news is that China has developed developed a missile that can circumvent the world and that can strike directly at the USA.
FUD or truth, as one never knows and I read it this morning.
Hi, I heard there was a flame war going on and I'm wondering if it's okay if I just sit here and watch? I brought my own !BEER.
For a Flame War, both sides need fire - They are yet to learn how to rub two sticks together. :)
Roasted!
You need to stake more BEER (24 staked BEER allows you to call BEER one time per day)
Dammit.
If I have done something against the rules like plagiarism, I am okay to be downvoted. However, if one can downvote the other for no reason, I am against downvote. I don't even know whether there is cerain rules for downvote, but someone told me that there was a downvote wars in the first times of Steemit.
No rules, it's their stake and they get to use it however they like.
There have been a few flag/downvote wars over the years - usually between two whales or two groups of whales, with mostly little fish actually getting the downvotes.
This time, it's just a bunch of whales on one-side, downvoting a bunch of journalists and other content creators, clearly because their content is so unacceptable to those whales' political ideologies.
Say our efforts of year on HIVE might go away in a min.
Is Hive perfected yet, in your opinion?
Far from it. It will never be. It will hopefully be an ongoing process of continuous improvement, developed in thousands of directions by millions of people.
Right, which requires brainstorming and criticism to move forward, on top of copying industry standards.
How much is enough?
Shouldn't all this development add to a higher price mitigating the need to suck up as much as possible from the newb attracting pool?
When does that end?
Clearly, we need to work on attracting 50usd investors.
That might happen if the largest earners from the pool left a little more for the restivus.
With everything recorded on a blockchain it shouldn't be too hard to stop voting rewards to dumpers that haven't reached a minimum, if we were to want to do that.
I think it is heading that way and will continue to do so. The new users are more likely to be attracted in on layer two than one - but layer one needs to have people willing to stake or hold significant amounts. Many creators don't care about owning, they care about getting paid - which means selling.
This has to be done by the community if they choose, not the code.
Yes, the crab bucket is supposed to function this way.
People that are suppressing the price shouldn't be getting voted rewards, imo.
Saving half of what we give them benefits everybody.
If you look at the voting behaviour of tribesteemup, then where it is powering down and transferring to, and what it is being spent on - it is pretty clear what Kenny is in it for - not even with his own stake.
I'm aware, he thinks he has been treated shabbily, I'm hoping he will come back into the fold.
No doubt he would be a powerhouse by now, if he had held.
He is one of those types that will never hold for the benefit of anyone but himself. Many on Hive like that, especially from 2016 - they use it as a way to finance their personal holdings only.
Well, crab bucket is the design.
Dumping harms us all.
Centralizing stake to those that have the most doesn't help, either.
We need more organizing it looks like.
With less than 6k daily authors it shouldn't be too hard for folks with broad audiences.
Maybe two weeks to flatten the curve will work here, too?
Or, one week a month where only 100% powerup posts get curated.
We create the cultural norms here.
HIVE!D
awesome! thank you!
Many Thanks!!!
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STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!
Great publication boss
Some user take hive as investment and they exit after getting profit but There are many users who believe hive as opportunity where the skill are highly rewarded .Downvotes are not totaly bad because it warns spam posters and cleanse the hive ecosystem .
Haha! Skill is not what the big votes are based on (they've said openly), and if you get too rewarded by others, those big whales will downvote you.
That is the justification that's given for them, definitely, and that was the case back when Steem had over a million users. Hive with less than 20k users (besides Splinterlands) has much less of that issue.
That does seem to be the goal. To cleanse it of any dangerous ideas.
I'm glad this was drop on my sight. I see this as human greediness, many are here on this blockchain not just to make impact in development where their earning comes from, I mentioned something related to that on my recent post,"let appreciate these people that make Hive blockchain more developing, those not putting their mind upto rewards". I'm still learning.
I am with you, I get what your saying when I first found the blockchain I was mining bitcoins worth £4 about what it cost to mine them and joining mining pools , it started to become profitable after a while but thats all there was to it, quite dull really . I did not see the amazing community that Hive has or the innovative spirit and development I see today, this is much more rewarding and I am glad to be part of it .
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