Well, that might be a shortcut which risks leading to misunderstandings. Hive provides the 2,95% HP inflation as passive income. Here I talk about passive income coming from delegating the HP ... it makes a signficant difference
And this would be gotten when you use your HP to curate, right?
No, this is inconditional. You don't need to do anything. It rewards the mere fact that you turned your Hive (liquid, transferrable) into Hive Power (like a term deposit - not liquid, you can't sell it unless you turn it back to liquid Hive which takes 3 months).
If you use your HP to curate yourself that qualifies as work - you have to spend time, read articles, select those you want to upvote. That is better rewarded than not doing anything.
And you don't even have to lift a finger which what passive income is supposed to be.
Exactly! If you have HP you can
be happy with the 2,95% from inflation
work for more by curating (and producing our own content too)
or delegate your HP and let others do the work ! like a true capitalist pig ! :) That is what I am talking about here. You pick an allocation, assign delegations and lay back and watch the liquid Hive flowing back to your account at an average of 8%. It's not huge but you also have the upside of Hive appreciating wrt fiat currencies, which is what people usually buy crypto for.
Yes, you can decide to do 1. alone and get the 2.95%. This used to be a nice rate when there was no fiat inflation, it doesn't look so great anymore. So it would be a pity to do 1. alone, a lost opportunity.
But 1. is a bonus, it's inconditional. While getting the interest from 1., and if you have time and feel motivated, you can also do 2. You should normally be able to get another 15 -20% on top of the 2.95% for a total of about 18 - 22%
If you don't have time or don't feel motivated, you can do 3 on top of 1. 3 is of course not as big an earner as 2. but then you don't have to do anything, it's purely passive income. So you can do 1. + 3. and that would get you about 11% sustainable passive income. Sustainable because it's not a reflexive activity like on most other blockchains, it's from a non-financial activities (blogging and curating)
Well, that might be a shortcut which risks leading to misunderstandings. Hive provides the 2,95% HP inflation as passive income. Here I talk about passive income coming from delegating the HP ... it makes a signficant difference
And this would be gotten when you use your HP to curate, right?
And you don't even have to lift a finger which what passive income is supposed to be.
No, this is inconditional. You don't need to do anything. It rewards the mere fact that you turned your Hive (liquid, transferrable) into Hive Power (like a term deposit - not liquid, you can't sell it unless you turn it back to liquid Hive which takes 3 months).
If you use your HP to curate yourself that qualifies as work - you have to spend time, read articles, select those you want to upvote. That is better rewarded than not doing anything.
Exactly! If you have HP you can
Oh my goodness. This is a revealation, sir. Thank you so much for taking the time to explain.
I always thought the 2.95% I see promised in the HP description had everything to do with me using my Hive power to curate.
So, you mean even though I decide to let my HP sit there, I'll get interest annually?
If yes, then, do I still get that interest even after I have delegated to others for curation rewards?
What I mean is, can I have number 1 and 3 or only 1 and 2?
Yes, you can decide to do 1. alone and get the 2.95%. This used to be a nice rate when there was no fiat inflation, it doesn't look so great anymore. So it would be a pity to do 1. alone, a lost opportunity.
But 1. is a bonus, it's inconditional. While getting the interest from 1., and if you have time and feel motivated, you can also do 2. You should normally be able to get another 15 -20% on top of the 2.95% for a total of about 18 - 22%
If you don't have time or don't feel motivated, you can do 3 on top of 1. 3 is of course not as big an earner as 2. but then you don't have to do anything, it's purely passive income. So you can do 1. + 3. and that would get you about 11% sustainable passive income. Sustainable because it's not a reflexive activity like on most other blockchains, it's from a non-financial activities (blogging and curating)