LUVshares is determinedly focused on sharing love on Hive. But, there are pesky those numbers that you just can't get around. And that nerds love.
I've (@crrdlx) written on LUV numbers before, mostly supply and emissions. And, with LUV existing as a token and being traded on free-and-open markets, there are those types of numbers as well. Personally, I'm finding this aspect of LUV to be a very interesting and educative curiosity in economics.
Supply and emissions
The LUV supply currently stands at 18,000. I'm determined to keep the circulating supply as low as possible, while keeping the @LUVshares account supplied. (See prior post about balance or especially the one about the mission.) The LUVshares account fuels the LUVbot, which is fueled by you the users who "mine" LUV via "Proof-of-LUV". That is to say, whenever the !LUV command is used, 1 LUV gets "mined" and released into the wild. More importantly, the recipient gets some love!
Things are slowly growing, which is exactly as hoped. The graph below shows things as of today:
- Blue: LUV sent into the wild each day via Hive users using the LUVbot
- Red: daily average
- Yellow: 7-day average (the average of the prior 7 days)
Quick notes:
- From the blue line, the overall trend is clearly increasing. The dip in the middle around 4/26 was due to upping the minimum required to use the bot from 5 to 10. The goal was to slow emissions, and as you can see, it did for a short period.
- From the red line, it's fairly straight which is something I'd hoped for. Predictability in this type of thing matters because it builds confidence.
- From the yellow line, the 7-day average is clearly higher than the red (overall) average. This tells me that, if trends continue, (a) LUV is growing, and (b) since the red trails the yellow, the red line should begin to bend upward slightly.
A takeaway: the supply of LUV being emitted is slowly increasing. But, that's fine because this is due to the fact that LUV is growing and people are using it more. I see this is a a good thing. Sharing the love is, in fact, the mission.
Candles and depth
The other curiosity to me is the market of LUV at https://tribaldex.com/trade/LUV. Watching it mature from literally day 1 has taught me things I that couldn't learn in textbooks.
Below is the LUV price action over the past 2 months. It's largely flat; at least there haven't been any wild ups and downs. Volume is similarly ho-hum. This is something running on its own...the mechanics of a market doing its thing. Price will do what the free market will have price do.
Personally, I'm more interested and encouraged by the depth chart view, below:
If I read this correctly, you LUVers are a bunch of hodlers!
I will say this, depth charts like this can be deceptive. They can change at any instant and the view can vary widely with wild buy or sell orders. So, handle with care. :)
And regarding learning economics
Just as a by-the-way and speaking of learning economics and how economies grow and evolve, one source I really admire is "FI$H: how an economy grows". It looks childish and in fact is a cartoon, but it is strong! The commentary by Dr. Antony Davies is tremendous as well. Start with episode 1. They're worth watching.
website: http://fisheconomics.org/
videos on YouTube: https://www.youtube.com/playlist?list=PLTOLo-ik5Of3tsfiFpVagcJhkMYdVDPx7
lectures on YouTube: https://www.youtube.com/playlist?list=PLTOLo-ik5Of1nAPKb3DVGEfmeaUdMar6r
Buy-with-LUV
Quick reminder, the first ever Buy-with-LUV NFT sale is coming...likely this weekend. Who will become the LUV-legend? :)
- Check your wallet or trade LUV at: Hive-Engine or TribalDEX or LeoDEX.
- Take a look at official LUVshares NFTs at https://nftshowroom.com/crrdlx/gallery (sales help keep LUVshares going).
- LUVshares Discord: https://discord.gg/K5GvNhcPqR
- LUVshares creator: @crrdlx
I am faithful to LUV, greetings
!LUV to the faithful.
Thank you for the !LUV
Hi @crrdlx, you were just shared some LUV thanks to @zonadigital21. Holding 10 LUV in your wallet enables you to give up to 3 LUV per day, for free. See the LUV in your wallet at https://hive-engine.com or learn about LUV at https://peakd.com/@luvshares https://ipfs.io/ipfs/QmUptF5k64xBvsQ9B6MjZo1dc2JwvXTWjWJAnyMCtWZxqM
Thank you. Faithfulness pays off. :)
Hi @zonadigital21, you were just shared some LUV thanks to @crrdlx. Holding 10 LUV in your wallet enables you to give up to 3 LUV per day, for free. See the LUV in your wallet at https://hive-engine.com or learn about LUV at https://peakd.com/@luvshares https://ipfs.io/ipfs/QmUptF5k64xBvsQ9B6MjZo1dc2JwvXTWjWJAnyMCtWZxqM
!LUV
Thanks for the update. It looks like it's all going nicely.
!LUV 1
"FI$H: how an economy grows" sounds interesting. I'll have to take a look. 😊
Posted Using LeoFinance Beta
👍
Hi @luvshares, you were just shared some LUV thanks to @gillianpearce. Holding 10 LUV in your wallet enables you to give up to 3 LUV per day, for free. See the LUV in your wallet at https://hive-engine.com or learn about LUV at https://peakd.com/@luvshares https://ipfs.io/ipfs/QmUptF5k64xBvsQ9B6MjZo1dc2JwvXTWjWJAnyMCtWZxqM
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