This weekend, I tried to convince somebody to join Hive and again I don't think that I managed to convince the person. My success rate in this respect is close to zero but it's not the thing that I want to talk about. While trying to explain how the hive blockchain works, I told my friend something that I find pretty powerful and I thought it would be a good idea to write a post about it. Here the post in question...
Your stake defines your power on Hive
When you stake Hive, this Hive becomes a kind of different currency that we call Hive Power. With powered up Hive, you can increase your curation rewards and your vote value increases as well. In addition to that, you get around 2.6% apr from the blockchain for having hive staked. When you power up, it matters therefore on a financial level but you also have a bigger say in terms of witness voting. The more Hive Power you own, the more important your vote for the witnesses election process is going to be.
You define how hive is distributed
There is however a side about all this that is often forgotten: With your Hive Power you can determine how Hive is distributed.
On Hive, there is a reward pool that is defined in code on the blockchain. Every block, a certain amount of Hive is distributed among all the posts and comments that were done on the blockchain. It's the votes on these posts that define who gets how much. However, it's not the quantity of these votes that matters but how much Hive Power lies behind each vote.
Let's say you have a stake of about 5000 Hive. This would give you an upvote value of around 0.1$ today. This value fluctuates according to Hive prices. This means that you can distribute 10 votes of 0.1$ each per day. So per day, you define how 1$ of Hive is distributed. Of this amount 50% will come back to you and 50% will go to the authors.
If you have 50'000 Hive Power on your account, you would be able to distribute about 10 times this amount. You can distribute 5$ worth of Hive per day to authors of your choice and you keep 5$ for yourself.
The bigger your part of the overall Hive Power, the more value you can distribute
If you grow the percentage of your stake in respect to the complete amount of staked Hive, you will define the distribution of a bigger part of the reward pool.
A big stake therefore not only helps you to earn more money, you can also define how a bigger part of the reward pool is distributed.
The bigger your stake, the more good you can do!
You want to help people in poor countries? You can vote for authors from these countries. You want to support an idea on the blockchain? Vote for the posts of the project. You want to help developing a game on hive? Vote for the posts of this game. The bigger your stake, the more good you can do on Hive!
Let's connect ! You can find me on these platforms:
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Here are some more rewards for such good content
@achim03
As an extra reward for spotlighting on @heartbeatonhive here are some tips have a blessed and wonderful day
!ALIVE
!CTP
!PGM
!PIZZA
!MEME
!BBH
Thanks!
@achim03! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @benthomaswwd. (9/20)
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
@achim03! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @benthomaswwd. (9/20)
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Earn Crypto for your Memes @ HiveMe.me!
The definition you gave hive power is excellent. Hive rewards you for supporting others
That's true, you help others and at the same time it helps you. The only thing you need is skin in the game in the form of Hive Power.
!LUV
This is a super inspiring post @achim03, and exactly! My long-term goal here on Hive is to become a Hive millionaire whale, so that I can live off it at some point, and equally importantly, so that I am able to help as many people around me do the same! On Hive it's easy to see and understand that we are here to help each other, and that we need each other! As I say often, we rise by lifting others! I intend to me a massive force for good on this glorious blockchain! Onward and upward, together! 😁 🙏 💚 ✨ 🤙
In a world where all is competition, I really like this Hive buble where I actually profit from the success of my friends :-). It's a different way of doing things that has a big positive side in my opinion.
I so agree, me too! Very thankfully I don't live in or even interact much with the 'dog-eat-dog' world, living off-grid in the jungle in an intentional community as I do, where helping each other is the only way to go! Hive is indeed a glorious framework! 😁 🙏 💚 ✨ 🤙
Grow grow grow! Thanks for putting this up to share with the community.
You are welcome. Thanks for your comment!
I have got to learn a new thing about hive power from your post today.
Thank you very much for sharing this.
!ALIVE
@achim03! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @jmis101. (1/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
I'm happy if you could learn something from it :-)
Yes dear
🔥🔥🔥🔥🔥🔥🔥
This ending deserves a round of applause and one to start selling to your friends with!
!invest_vote
Well I was pretty proud of that but the next thing they asked... "but where does the money come from?" and then I tend to give up lol
😂😂😂
In fact, at the beginning of my cryptocurrency journey, I had the same question. It was before Hive. I got into Hive already prepared).
!invest_vote
@stdd denkt du hast ein Vote durch @investinthefutur verdient!
@stdd thinks you have earned a vote of @investinthefutur !
That is a great reminder, the more stake you have the more influence you have in directing HIVE payouts!
!ALIVE
@achim03! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ironshield. (5/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
There is a finite reward pool, the higher your part of the stake, the more value you can distribute :-)
I love the fact that a HIVE can stretch so far in those countries. So those are the accounts I will try to vote most on when I can.
For people from less favourised countries, the earning potential on hive can be life changing. I also like to give my upvotes to such people as long as the content is good :-)
Oh yeah content is key, can't be voting up garbage!
Great work bro thanks for your insights
As an extra reward for spotlighting on @heartbeatonhive here are some tips have a blessed and wonderful day
!ALIVE
!CTP
!PGM
!PIZZA
!MEME
!BBH
Thank you!
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
@achim03! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @benthomaswwd. (3/20)
@achim03! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @benthomaswwd. (3/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
Credit: thereadingman
Earn Crypto for your Memes @ HiveMe.me!
It's hard to convince people to join Hive because at first glance it looks like a Ponzi scheme.
!ALIVE
!CTP
I'm always asked: "but where does the money come from?" lol
That's a good question actually 🤔
!LOLZ
lolztoken.com
now we just call him Phil.
Credit: reddit
@achim03, I sent you an $LOLZ on behalf of @chapelle
(5/10)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP
@achim03! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @chapelle. (7/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
That's right. Very simply, there is no other philosophy here. Only, building a stake requires a certain effort. 😎
It's definitely a long term journey and in a way it's good that people realize quickly that it's not a get rich in seconds scheeme :-)
Hey @achim03 congrats my friend
@ijelady nominated you for a prize in the draw
!ALIVE
!BBH
Thank you
!ALIVE
@heartbeatonhive! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ijelady. (3/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
Thanks to @ijelady !
You are welcome
Great post bro you are totally right about it all will be nice to have 5000 Hive seeing that is over $2000 at the moment.
@achim03
!ALIVE
!BBH
I will be including this content on the @heartbeatonhive curation collection
It's great to accumulate as much as possible. If one day we have several apps that are on hive and that become very popular, it will be pretty dificult to stake hive.
@achim03! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @heartbeatonhive. (3/20)
@achim03! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @heartbeatonhive. (3/30)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
I am also bad at getting others to join, but I describe Hive as a co-op. We all own a stake in it, and vote on how it runs.
!BEER
That's actually quite a good approach. We are all owners of this platform :-)
It's simple enough to be understood by everyoneone. More stake equals more say. Building stake is very important and should be a priority.
Not only more say but also more to give away :-)
That is correct and that is why I like building my own stake in Hive. Having more HP will definitely be helpful and the resource credits might also have a large demand in the future.
Posted Using LeoFinance Beta
I agree, everything points towards increasing my stake. I want to do it before it becomes very difficult :-)
This information is useful and will bring a good mindset to others. Nice one :3
!LOL
!ALIVE
@achim03! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @cursephantom. (3/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
lolztoken.com
But take a look at me now.
Credit: reddit
@achim03, I sent you an $LOLZ on behalf of @cursephantom
(2/8)
Use the !LOL or !LOLZ command to share a joke and an $LOLZ
Thanks for your comment!
@achim03 Thank you, You have no idea how much reading I have done trying to understand staking and now you put it in words that I understand.
!ALIVE
!LOL
I'm very happy to hear that :-). Thanks for stopping by!
You are welcome
This is probably the finest breakdown on this subject I have ever read -- WELL DONE.
Thanks a lot for your kind words :-)
I don't think I've ever convinced or will attempt to convince anyone among my circle of friends to join HIVE for the blogging/social aspect. As a network, it is way smaller than the other social media giants, which means way less content. So it's no competition there at all. Most people will join a network only when there is already a critical mass on it.
I would say that asking them to join via games like Splinterlands is a better idea. That is something I can promote far more easily, with the assumption that other aspects of HIVE will naturally creep in if/when they get deeper into the ecosystem. 😜
Man I feel always so bad when I try to convince somebody. It's like you want to make a small presentation of what it is and I always need to explain hundreds of things. Then I lose people after two minutes. Each time I tell myself don't do it again.... but then I end up doing it all the same lol
Very well explained. Thank you for this. It will be a useful guide to those new on the platform.
It is unfortunate that some who have bigger stakes tend to use it not to do good or encourage others, but to actually dampen the hope of others and abuse their power so to speak. It is my wish to see more of those who will be a force of good for Hive.
Have a fantastic week!
Made in Canva
!ALIVE
_
This post has been curated by the Alive And Thriving Team, we curate good content in the We Are Alive Tribe that is on topic for #aliveandthriving, and it's included in our daily curation report on @aliveandthriving, plus @youarealive is following our Curation Trail.
I think that it's up to us to define whether we want to build or destroy, help or put down. It's like everything else in life, we chose our path and I really see Hive as an opportunity to do good :-)
Excellent post @achim03! Hive is an expeptional framework to do good! That is exactly why I want to grow this account to the maximum possible; to be an indomitable force for good on the chain! Onward and upward, together! 😁 🙏 💚 ✨ 🤙
__
Made in Canva
@achim03! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @aliveandthriving. (11/40)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
I think it's not easy to convince people - because it can be a slow process and some people are just looking to get rich quick when it comes to cryptos.
Each time I try to convince somebody I tell myself to never do it again but then I do it all the same lol.
The way things are going in crypto right now is because stake your coins and you can earn something daily. The advantage of this is that the amount you invest also stays save.
Staking isn't a guarantee against losing value but it gives a nice return.
Yeah you are right.
Awesome. Thanks for wonderful post
Thanks for stopping by!
You are welcome
Posted Using LeoFinance Beta
Great insight on how hive is distributed. I enjoyed it all.
Thanks for stopping by!
You are welcome. Have a lovely 🌹 weekend
This is quite informative. Thank you for sharing.
Thanks for stopping by!
You are welcome. Happy weekend.
Definitely so, nice staking.
Thanks, same to you :-)
@stdd denkt du hast ein Vote durch @investinthefutur verdient!
@stdd thinks you have earned a vote of @investinthefutur !
https://leofinance.io/threads/@sammyhive/re-leothreads-2ntswg
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BEER.Hey @achim03, here is a little bit of
BEERfrom @phoenixwren for you. Enjoy it!We love your support by voting @detlev.witness on HIVE .
AH yeah thanks for the reminder
excellent and knowledgeable
!ALIVE
!LUV
@achim03, @adysscheryl(1/4) sent you LUV. | tools | discord | community |
HiveWiki | 
NFT | <>< daily
@achim03! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @adysscheryl. (2/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
$PIZZA slices delivered:
@benthomaswwd(9/10) tipped @achim03 (x2)