Today is Hive powerup day and I thought I would try to kickstart a run on the price of HIVE by powering some up. Just about every time I power up any significant amount of HIVE into my account, price will spike and I won't be able to catch any sells on it - if this happens again now, you are welcome.
I decided to make it a decent powerup this month also, and added 10% to the total HIVE POWER I hold by adding 21,000. This puts me at 11K under a half whale. This is HIVE that I have bought off of exchange also, which I don't mind powering down if needs be in the future, but I tend to have trouble clicking that powerdown button, so it will likely just stay in my account for some time to come.
As the title suggests, this is a bit of a random post and on the first of the month, I get the reminder from Hivebuzz about my monthly author badge. I have been on the platform since January 28, 2017.
How many months ago was January 29th 2017?
51 months
How many weeks ago was January 29th 2017?
222 weeks
How many days ago was January 29th 2017?
1553 days
How many hours, minutes and seconds ago?
37,264 hours
2,235,893 minutes
So, out of those 51 months, I have got a badge for authoring at least one post a day for a month straight, 48 times. Of the 222 weeks, I have missed authoring a post on a day for 10 of them. That means that all of those 10 weeks missed where I didn't get the badge, appeared in the same three months. I actually haven't missed posting since something like May 2017. But hey - consistency is meaningless.
I wonder how many of the 37,264 since I joined have been spent here on Hive. I suspect, it is a lot of them. There has been about 134,153,581 seconds since I joined too, which means that with a block every 3 seconds, I have been on Hive for 45 million blocks. It would be an interesting metric to see how many of those blocks an account appears on and what kinds of transactions they are triggering. For example, an autovoter account might have millions of votes in that time, but not a post on a single block. A spamming account might have tens of thousands of posts, but very few comments received transactions.
For me, I have made 41873 comments, received 64138 comments, delivered 81053 votes (99% manual) and received 818032 votes. All of these will trigger something recorded to the hive blockchain referencing my account and the account of someone else, and I find it interesting how in the future this technology is going to be used t cross-reference billions of people and tens of trillions of interactions to provide all kinds of interesting data and possibilities.
Still sticking with the random...
A few weeks ago I had this snapshot of the Hive token supply
Today it looks like this:
In just over a month, the supply has been decreased by 1.15 million HIVE, by using the overinflated price of HBD to buy and sell HIVE to reduce the inflation. This counteracts about half of all of the rewards in that time, without affecting the rewards pool much. However, it has also added over two million worth of HIVE to the Hive Development Fund (HDF), so there is a lot of good going on there, even if HBD isn't stable.
After the next hardfork (HF25), there are some mechanisms being put in place that will hopefully peg HBD and possibly a staking option that could see between 10 and 20% interest paid on HBD in the savings wallet. This is a pretty decent rate, so for me, I am selling my inflated HBD for HIVE and might buy some stable back in the future and put it into my savings wallet for a little passive income trickle. It might not offer as much as some of the DeFi products out there, but if it remains stable, it is nothing to sneeze at and I like having it all held on the Hive blockchain behind my keys. I would like to see more DeFi products created in this way on Hive.
But, talking about HF25, the other change that is going to come is the change of the voting window algorithms, effectively removing a lot of the game in curation return. There will still be a little, but with the first window being 24 hours wide and three windows in the seven days, there won't be much. This kills the benefit of upvoting early which has been dominated by the autovoter bots, but this doesn't kill autovoting.
I have got this question a few times in discord of people worrying that firstly, they won't be able to compete for curation return and secondly, they won't be able to use autovoters. On the first point, most real curators will benefit from this change and I suspect it might improve the average curation for manual voters by around 20%. Those who will still use autos won't be penalized if they vote early or late, meaning that autovoting becomes a true shoe of support of an account, not a way to maximize curation returns. Hopefully, this will lead to an improvement in what kinds of content gets supported on average across the platform, as there is no benefit in voting on crap, just for curation.
I vote a handful of people with autovotes and will continue to do so, but I might make a change as to when I vote them. At the moment, the majority of votes pile in within the first few minutes because of the window and the curation game, but post HF25, it might be more beneficial to space the votes out within the first 24 hours, as while there is no financial benefit to make the change, perhaps there is social benefit and more game in building expectation and uncertainty.
What I do hope will happen though is that once there is little reason to vote for curation return as it is pretty much static, people will be more willing to spread votes further on content, but also pile their votes onto already highly rewarded posts that deserve a decent return. Some of these posts will be the random posts that are brilliant, but I also think that there should be incentive to build a presence on Hive as an author and that presence requires building for consistency.
I mentioned consistency above in regards to content creation, but it has to come in other forms too. for example, I enjoy relatively consistent support on the platform because of numerous factors and there are very few here who have been able to offer what I have offered. What I mean by this is that I have looked to build my account around what I can consistently offer the community and have successfully built a niche for myself that is relatively stable. However, I also know that with a change like what is coming, my own community support is under threat, as people adjust their voting behaviors.
What I hope as a content creator looking to also earn, is that the content itself will still be seen as valuable enough to support. But, there is no guarantee to that as I have no power over any other voting stake than my own. Now that I have powered up a bit more, I am currently sitting on the most desired position ranked by HP.
What this means is that in terms of HIVE earnings, I actually have a stable floor value, as even if all of my post earnings are wiped away, which would suck considering the time I put into all of this, I would still be able to control a small percentage of the pool through my voting behavior to earn a relatively solid curation return. My hope is that going forward, Hive the blockchain starts to et increased traction in the crypto industry as one of the oldest and most active communities in the scene and HIVE price will increase in response. 4 or 5 dollar HIVE and I would be able to not only live off curation, my voting would be able to empower many content creators to do more of what they love in the increasing world of the online gig economy. That would be pretty brilliant.
And on that note, I will leave this random post with a request for those who might be interested.
I am looking for a few more accounts to follow and vote from time to time, so if you know of any or if you think that what you offer the community is unique and worthy of support, please drop a comment below and I will check it out and perhaps give a follow.
hope.It doesn't matter if the account is old or new, but I would rather have the kinds of people who will make the pledge that @theycallmedan mentioned several years ago - "I will powerup more HIVE than I will powerdown" - I have stuck to this and have added about 160K Hive to my account over the last year in
A lot of us hope that Hive will build into a hub of many value streams, both economically and socially, but hope alone is never enough.
Taraz
[ Gen1: Hive ]
Posted Using LeoFinance Beta
Out of curiosity how many of those received votes are manual ??
Those were some of the astonishing numbers beyond rightly justify your contribution to this community.
No idea about manual, probably not many as there are a million small accounts that use autos all over the place for years. But, when it has come to the whale support, a lot of that has been manual. I don't count number of votes as that important, it was just about the blocks in this case. When it comes to the larger accounts, they generally only autovotes where they find some value first. Autovoters still need to be set manually.
More important for me as a metric is the engagement level.
Small accounts simply follow the big account trail hoping to get some curation....the most important drawback of these auto votes is that even if you publish a null post or shit, it get rewarded. (you must try it once)
Luckily not in your case, as you are a genuine contributor, who always bring some interesting and meaningful content on Hive. Now with upcoming hf25 I hope people get enough time to curate and thus focus shall shift on manual curation.
I have screwed up a post once. I spent the next 3 hours writing a post in its place to make sure the votes weren't on nothing. Back then, I was earning far less than today.
I think it will make a difference.
Your post has been voted as a part of Encouragement program. Keep up the good work!
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for Proposal
Delegate HP and earn more
Funny to know that there is something called Power-Up day.
I'm in the process of transferring my Steem over to Hive so that I a bit more Hive Power. Does the powering up on power-up day have (more) benefits than just powering up during the month itself?
Nah, there are no more benefits, but you get a badge from Hivebuzz, which is run by @arcange.
https://hivebuzz.me/
Posted Using LeoFinance Beta
That's not totally right!
By being a regular PUD participant, you can benefit HP delegation from HiveBuzz.
Ah - yes of course!
By the way, it looks like the security certificate on hivebuzz.me has expired and people are getting phishing warnings from their virus checkers:
The certificate has not expired:
I know about the false positive alter from AVG and AVAST.
I reported it to both but didn't get any reaction from them up to now.
OK, no worries. Hopefully it gets sorted out. :)
Your post has been voted as a part of Encouragement program. Keep up the good work!
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for Proposal
Delegate HP and earn more
As for missing once in posting in a month, consistency is still your middle name, I don't think i'll ever click the power down button, at 28k staked hive im feeling rather good hahah. 21k? HPUD definitely well. Smoking cow!!!! Phew.
Im also looking for some accounts to support, especially newbies with good Content and not powering down.
Posted Using LeoFinance Beta
It is hard to find as while there might be newbies who don't powerdown now, I wonder what they do at 5 dollars? Of course, everyone should likely sell a bit there, but if one is looking long and looking to support the community, they have to think about what they are supporting with. Kind words don't fill a stomach.
Posted Using LeoFinance Beta
Yeah you kinda wonder, if they're powering down at 62 cent what would they do at $5. Its a personal something but then its my person decisions to support those who Wants to go long and build something here for a long-term.
Posted Using LeoFinance Beta
I have massive respect for your consistency. The amount of posts you can write is amazing.
Thanks. It has become so much a part of my day, I am not sure what I would do with the extra time if I didn't write :)
Posted Using LeoFinance Beta
What I'm really looking forward to is seeing how the trending page matures with the hardfork. With the lack of need to vote in the first five minutes we might see a more organic trending page with some posts getting there through increased traction instead of instant mania. Then again, that probably requires a lot of dead accounts to change their autovotes which won't/cant happen in some cases! I will defo move mine back a bit over time. It's gonna be fun whatever happens!
For sure. I am hoping to see a lot of brilliant posts up there, a well as a lot of valuable ones :)
Most of these are likely very small accounts - those with decent stake likely are active enough to adjust.
I feel that this will make more sense, especially for the larger accounts.
Posted Using LeoFinance Beta
Really interesting to hear your thoughts on the new hard fork and what it means. I must say i admire your consistency and posting every day for a month 48 times is unbelievable consistency. You are a great role model to others.
I am about to hit a milestone as i near 1K Hive power. Like you i have never powered a single hive down and power everything up. I have been posting every day now for 3 to 4 months and am now getting good traction. I post in #sportstalksocial and #foodiebeehive and #leofinance as well as occasional random posts elsewhere.
If you get time I'd appreciate if you checked out some of my recent posts to see if they meet your curation standards. Thanks a lot.
As it comes closer, I will add a bit more detail around areas of my perspective I think.
That is awesome to hear - A bit of consistency goes a long way :)
I will come check out your blog tonight.
Posted Using LeoFinance Beta
Thanks @tarazkp, really appreciate you taking the time whenever you can👌
Your commitment is something to emulate. I have learnt a lot of things from you and all I see is a product of consistency and believing in something.
I hope to start building my hive account when I am done with what I am doing with cub.
Posted Using LeoFinance Beta
Everyone makes their own path. I tend to think that off possible, build several paths simultaneously.
Ohhhhh the brother...I read your posts once in a while just to maybe learn a little bit, but I have to admit, I often understand only half of it 😂. Not because you can't write but because I'm clueless and all those numbers lol.
Anyways since its Power Up day and little fish in the sea that I am, I read the post and the last paragraph, thinking that I'm proud to have powered up the amount of Hive that I have powered up because it is more than I have powered down, which I haven't done at all lol. After that sentence you should be confused 😂.
Also in my HPUD post I was asking some questions regarding HBD and Savings, but reading your post now I understand that transferring HBD to savings is a good thing. Just because of the interest? Or is there any other reason why one should move Hive or HBD into savings? Btw what is the difference between Hive and HBD?
Lol, patting myself on the shoulder for sneaking some of my questions into the comment here....smart me 😂
Worth learning about at least some of the numbers here :)
*>but reading your post now I understand that transferring HBD to savings is a good thing. Just because of the interest?
Ummm- depends. There isn't much interst on it now, so I am selling mine for Hive as it is overpriced (in my opinion). After the next Hardfork, there are mechanisms being put in place to help stabilize it at around 1 dollar - it is currently at about $1.60
HBD is hive backed dollars and are meant to be stable for usage as things buying stuff and paying salaries. HIVE is the token that can be staked to have draw o the inflation pool and vote to earn curation and add value to others.
Posted Using LeoFinance Beta
Working on it :)
Thanks for your reply, my internal fog has lifted a little lol just a little though, I prob have a million questions somewhere in my head
I am going to mention that I hated math and stuff in school, so dealing with all the things here on this minimum level is still an improvement compared to 6 month ago 😄.
If I make it 4 years here we will talk again 😂
Ask all you want, I don't mind answering and for the record - math was my worst subject at school.
Posted Using LeoFinance Beta
That makes me feel better, thanks 😊 . I also always feel better regarding the math thing thinking of Einstein. He sucked in math as well and see where he ended up 😄 I'm going to be a geniusafter I read the vedas lol
Have a great Sunday, you and your fam 😁
Congratulations
You are really a good influencer here
Posted Using LeoFinance Beta
I don't know how much i influence, but perhaps a little is enough :)
Posted Using LeoFinance Beta
Holy giant mackerel, Batman! It's incredible what you've been able to achieve in your time here... it certainly helps me put my 250 Hive #PUD effort in perspective. But it's all about persistence and being present for each of our own individual baby steps. I appreciate you giving us a glimpse of your impressive orchard... and also for giving your POV regarding the upcoming hard fork. Props! :)
Posted Using LeoFinance Beta
This is precisely it. It definitely hasn't always been this way for me, there has been a lot of small steps to get here :)
More to come on that later :)
Posted Using LeoFinance Beta
That's a solid amount of power up hive congrats!
I wonder seriously what will happen to the price of Hive once HBD gets stabilized and working how it should. Will we see a slow decline in the price due to the fact thousands are not being bought on the daily?
Posted Using LeoFinance Beta
Hopefully, the price of HBD will return to 1 pretty quick, but I suspect there might be some volatility there, as some people have been speculating pretty hard on the little there is now, and they are going to have to try and make their money back on it perhaps.
Might be interesting to get 10 to 20% on it a year though.
Posted Using LeoFinance Beta
Well, I have never used PUD to power up. I just forget. But at the same time, I have NEVER powered down. It’s been 3.5 years.
I welcome the new flatter voting window. I welcome the deflationary pressure!!
Now someone please add Hive to a BSC LP! And we are golden!
Back in the day, I used to have a constant powerdown and up again schedule going, s I always figured it would keep me closer to having something if needed than having to start from a fresh PD. I stopped it back in mid-2017 though :) These days, I have a bit off chain as well, so then I don't have to worry that much. If there is another large spike to clear some sells, I will buy some back at the drop and then move into something else that is more volatile.
Should be an interesting few months post-fork.
And yeah, why is there no pool for HIVE anywhere?
Posted Using LeoFinance Beta
You deserve everything you've earned and I'm not surprised you will back it with a purchase.
Good job, if we had 100 of you we'd be in much better shape.
Posted Using LeoFinance Beta
There may be 100, but it might be better if there were a thousand. Distribution would likely look healthier too.
Posted Using LeoFinance Beta
We just have to work hard on the platform so that it reaches many more people and becomes one of the largest social business centers in the crypto world. We can create content here, but in addition to this, I see the platform as a business, in which of course you have to invest if you want to generate more profits in the medium and long term.
Financial Markets Analyst
@lenonmc21
Posted Using LeoFinance Beta
Yep. I have quite a few posts in this area over time. The thing is, most people have never actually run a business, so they end up missing what it takes.
Posted Using LeoFinance Beta
It is important to have that point of view. This is a business, you have to manage it that way. Even so, I do my best to create content and have my work valued. Little by little you build a good and solid one.
Financial Markets Analyst
@lenonmc21
Posted Using LeoFinance Beta
Damn that is quite the posting record
Posted Using LeoFinance Beta
Yeah. I keep myself busy :)
It's nice to read about these things from your perspective. Being on the platform as long as you have and consistently posting and engaging with the community really goes a long way. Man, that 4 or 5 dollar HIVE; I will be very happy when it comes, eventually. Hopefully, by next year!!! :)
Have a !PIZZA, @tarazkp. As for me, I'm just enjoying the journey as much or probably more than reaching the destination.
Posted Using LeoFinance Beta
$PIZZA@tarazkp! I sent you a slice of on behalf of @juanvegetarian.
Learn more about $PIZZA Token at hive.pizza
Keep powering on @tarazkp, the size of your power up is very impressive and make mine look like child's play. More impressive however is your constant commitment to posting every day for such a long and sustained period of time.
I am back on the platform for just over a months now and have been posting consistently since my return and I sure know how organised and committed I need to be to achieve my daily post as a minimum. I take my hat off to you and will use your example as my inspiration to keep powering on and being consistent.
To be honest when I first joined a number of years back, I did not have enough HIVE/STEEM to get excited about, so the rewards were not that motivating. Now that I am at dolphin level, I am so motivated and energised. Orca is still far away, but I am fully committed to getting there.
Posted Using LeoFinance Beta