Hive Account Analysis @Pdc Powering Down and Transactions Overview
The Hive account under analysis showcases a significant amount of activity, particularly in terms of powering down (unstaking) HIVE tokens. Below is an SEO-optimized post summarizing the findings, along with instructions for organizing transactions into a spreadsheet and insights into potential concerns flagged by the Bilpcoin team.
SEO Post: A Deep Dive into Hive Account Activity
Hive, a blockchain-based decentralized social network, offers users the ability to stake their tokens (known as Hive Power or HP) to participate in governance, voting, and earning rewards. However, recent observations on this particular account reveal notable activity that deserves attention.
Key Highlights:
Powering Down:
The account has scheduled an unstake (power down) of approximately 864.484 HIVE, with the process expected to conclude in 5 weeks. This is a substantial amount, considering the total staked balance of 29,750.340 HP (out of a total estimated value of 45,150.483 HP).Delegated HP:
Additionally, the account has received 15,400.143 HP in delegations from other users, including notable contributions from:- @agustinaka: 7,776 HP (Aug 6, 2024)
- @ppics: 4,067 HP (Aug 6, 2024)
- @xgerard: 3,558 HP (Aug 30, 2023)
HBD Balance:
The account holds 0.631 HBD (Hive Dollar), a stablecoin pegged to the US dollar. While no HBD is currently staked in the "savings account," staking HBD can yield interest at a rate of 15.00% APR.Estimated Account Value:
The total estimated value of the account is approximately $8,152.99 USD, reflecting the combined worth of all Hive tokens in the wallet.
Analyzing Transactions: A Step-by-Step Guide
To better understand the account's activity, we’ve compiled a list of transactions into a spreadsheet. Here’s how you can replicate this process:
Visit the Wallet Page:
Navigate to the account’s wallet page: https://peakd.com/@pdc/wallet.Filter Transactions:
- Use the filters on the right-hand side of the wallet page.
- Select "Incoming" and "Outgoing" under transfers to view all monetary movements.
- Under operations, click on "Power Up/Power Down" to track staking and unstaking activities.
Organize Data into a Spreadsheet:
Create a spreadsheet with the following columns:- Date: When the transaction occurred.
- Type: Incoming, Outgoing, Power Up, or Power Down.
- Amount: Quantity of HIVE or HBD involved.
- Details: Additional information, such as the sender/receiver or purpose of the transaction.
- Link: Include a direct link to the transaction on PeakD for verification.
Observations and Concerns Raised by Bilpcoin
The Bilpcoin team has flagged this account due to the high volume of Hive tokens moving in and out. You can verify these findings by following the steps outlined above. Notably:
- High Liquidity: Frequent transfers suggest active trading or redistribution of funds.
- Powering Down: The scheduled power-down of ~864 HIVE raises questions about the account holder’s long-term commitment to the Hive ecosystem.
- Downvotes and Censorship Attempts: Despite efforts by accounts like @jacobtothe to suppress content through downvotes, the truth remains undeniable. For instance, the exposure of the BuildaWhale scam farm highlights the importance of transparency in decentralized networks.
Read more about these findings here: Verify Observations.
Why Transparency Matters
In decentralized ecosystems like Hive, transparency is paramount. While some may attempt to hide questionable activities through downvotes or lack of engagement, the community must remain vigilant. By analyzing transaction histories and holding bad actors accountable, we ensure the integrity of the platform.
Bilpcoin stands firm in its mission to expose the truth—not hide it. Together, we can foster a healthier, more transparent blockchain environment.
Call to Action
Have you reviewed your own Hive account recently? Follow the steps above to analyze your transactions and ensure compliance with best practices. Share your findings in the comments below—we’d love to hear from you!
This post not only provides valuable insights into the account’s activity but also encourages readers to engage with the data themselves. By emphasizing transparency and accountability, it aligns with the principles of decentralized governance while addressing concerns raised by the Bilpcoin team.
**Understanding the Transactions @encouragement **
Below is a simplified spreadsheet representation of the key transactions from the @encouragement wallet:
| Date | Transaction Type | Amount | Recipient/Sender | Details |
|---|---|---|---|---|
| Jan 1, 2025 | Withdraw Vesting | 399.335 HIVE | @aliento | Regular withdrawal of vested HIVE tokens |
| Jan 1, 2025 | Powered Up | 0.106 HP | @encouragement | Small power-up to increase staked balance |
| Dec 27, 2024 | Withdraw Vesting | 399.123 HIVE | @aliento | Consistent withdrawal pattern |
| Dec 23, 2024 | Powered Up | 1.202 HP | @aliento | Delegated HP converted to staked HP |
| Nov 14, 2024 | Sent | -41.294 HIVE | @aliento.vault | Transfer of liquid HIVE to another account |
| Oct 2, 2024 | Started Power Down | 5,214.271 HP | @encouragement | Initiation of a scheduled power-down process |
| Aug 16, 2024 | Powered Up | 12.728 HP | @encouragement | Significant power-up to increase staked balance |
| Jun 20, 2024 | Started Power Down | 4,279.616 HP | @encouragement | Another instance of initiating a power-down |
| Apr 6, 2024 | Received Delegation | +205,487 HP | @theycallmedan | Massive delegation received, boosting total staked HP |
Key Observations
Consistent Withdrawals:
The account regularly withdraws vested HIVE tokens through the "withdraw vesting" process. This involves converting staked Hive Power (HP) back into liquid HIVE over a period of 13 weeks. Despite these withdrawals, the account maintains a high level of staked HP due to incoming delegations.Significant Hive Power Delegations:
The most notable aspect of @encouragement is the massive 205,487 HP delegation received from @theycallmedan on April 6, 2024. This delegation accounts for nearly all of the account's staked HP, as seen in the total balance breakdown:- Total Staked HP: ~210,062 HP
- Delegated HP: +205,487 HP
- Self-Staked HP: ~4,574 HP
Power-Down While Receiving Delegations:
Interestingly, @encouragement has been on a continuous power-down schedule throughout the year. This means the account is gradually unstaking its self-staked HP while still benefiting from the large delegated HP. This strategy allows the account to maintain influence in governance and voting without fully committing its own resources.Small but Frequent Power-Ups:
The account frequently performs small power-ups, converting liquid HIVE into HP. These actions suggest an effort to hide the ongoing power-down.
Why This Matters
Hive Power: The Backbone of Governance
Hive Power (HP) is not just a measure of wealth—it’s a tool for influence. By staking HIVE, users gain voting power, which is essential for participating in governance decisions, curating content, and earning curation rewards. The APR for staked HP is approximately 12.95%, making it an attractive long-term investment.
Delegations: A Strategic Move
Receiving delegations like the one from @theycallmedan amplifies the account's influence without requiring it to lock up its own funds. This is particularly beneficial for accounts that want to remain active in governance or reward distribution while maintaining liquidity.
Power-Down Strategy
A power-down allows users to gradually convert their staked HP back into liquid HIVE. However, when combined with large delegations, this strategy ensures that the account retains its influence even as it liquidates its own holdings. For @encouragement, this approach provides flexibility while leveraging external support.
How to Analyze Transactions Like This
If you’re new to Hive and want to understand how accounts operate, tools like Peakd are invaluable. They allow you to view detailed transaction histories, delegations, and power dynamics. Here’s how you can do your own research:
- Visit the wallet page of any Hive account.
- Check the "Transactions" tab for a chronological list of activities.
- Look at the "Delegations" section to see incoming and outgoing HP transfers.
- Use the data to assess the account’s behavior and strategies.
Conclusion
The @encouragement account exemplifies how Hive users can leverage delegations and power-down strategies to maximize their influence while maintaining liquidity. Despite being on a continuous power-down, the account remains highly influential thanks to the massive 205,487 HP delegation it received. This case study highlights the importance of understanding Hive Power dynamics and the strategic use of delegations in the ecosystem.
We encourage you to explore the Hive blockchain further and learn how these mechanisms work. Whether you’re here to grow your influence, earn rewards, or simply understand the platform better, the tools and resources are readily available.
For more insights, visit @encouragement’s wallet and start your journey into the world of decentralized finance on Hive!
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