I just Powered Up another 170 Hive for February HPUD 2023.
I was only planning on a smaller, token Power Up of 50 Hive seeing as that it makes more sense to Power Up regularly rather than save a stack, but I had some buy orders go through on the internal market with the recent crazy HBD pump which was nice, I mean that was the reason I sold some Hive for HBD this month, to buy it back cheaper at some point, and that worked out so NICE!
And hence a slightly larger Power Up than anticipated.
January on Hive...
I've been mainly posting about getting back into to work, back into self discipline and looking to the future over the last month on Hive and the main intellectual thing I've been up to is slowly reading and thinking about Antonopoulos' excellent book The Internet of Money which is doing a lot to secure my convictions in crypto and the Hive project especially.
The thing with crypto you see is that the money aspect is a bit of a distraction, and so on that note on with the financials.
I received about $535 worth of Hive rewards in January 2023 and pretty much all of that found its way into Hive Power with an additional 2000 Hive Powered Up over the last month....
The road to 100K HP by the end of 2023
My obvious goal for 2023 is to reach the big 100K, as with most people I'm a sucker for traditional base 10 goals.
Given my starting point in January of around 82.5K HP I only have to add 1500 HP a month to realise this goal, and something like 2.5K of that is just added completely passively thanks to the 3% inflation to HP holders.
And I'm comfortably ahead of my goal at this stage, even with the healthy Hive price of late.
So probably the only thing that's going to stop me reaching that goal is if Hive increases to over $0.50 for a sustained period of several months, as then I'd be earning relatively less Hive and I'd be reluctant to buy with the HBD I earn at over $0.40, I'd just keep the HBDs at that point and look to buy in cheaper.
Whatever it's a win-win- either I make 100K Hive by the end of the year or I end up on 90K odd Hive a nice wad of HBDs rewarding me with 20% interest!
Either way, happy February HPUD!
I know of a few people aiming for 100k this year. It's a nice number to reach. I should get there in a few months.
Great to hear :)
Yeah you're stacking nicely!
Big goals and, with your planning, I'm sure you will all achieve them!
In any case we must always aim high, bad luck we will have had a nice walk among the stars!😉
Hey cheers, slowly slowly catchy monkey!
Nice monthly growth. If Hive goes up over $0,50 like you say, I would be happy to add some more HBD to my stack !
I know it's a pretty happy win-win situation as I see it!
A lot of people don't realize this. One thing about it is though, it doesn't add to vests.
Doesn't it?
Where is it added to then?
@tarazkp is correct. The approximately 3% HP that you earn for staking is an adjustment for inflation. But your number of vests does not increase. The “trick” is that the amount of Hive per unit of vests increases over time. So if the 1,000,000 vests needed to be a Minnow equaled 500 HP a few years ago (back when 1 HP equaled 2,000 vests), 1 HP is now only a bit more than 1792 vests.
In other words, someone who back then had 500 HP for their 1M vests and had done zero curating or posting since then would today still have exactly 1M vests but would now have 558 HP, having earned 58 HP over time as an adjustment for inflation.
I think it's maybe best that remains as small print for the mainstream user!
Fun facts though!
The HIVE is added, but afaik, it doesn't generate voting vests, which is what the BC uses to calculate vote weight.
So is this HP and Mvests being disconnected? Presumably it gets more expensive to buy Mvests for Hive then
I am not sure how the calculations work - @gtg might know
Hive Power is a user friendly name for VESTS
VESTS over time are worth more and more HIVE
currently:
"total_vesting_fund_hive": "167450344.502 HIVE",
"total_vesting_shares": "300115569278.960515 VESTS",
hive_per_mvest = total_vesting_fund_hive / total_vesting_shares * 1000000
Which is
557.952874302
No, sorry, now it's actually
"total_vesting_fund_hive": "167533210.157 HIVE",
"total_vesting_shares": "300228675432.088689 VESTS",
so
558.018683312
no wait... ;-)
By my understanding, the HIVE earned from interest doesn't add to the vests though, is this correct?
Wow, it is nice seeing this. Made me want to boost my HP even more.
Great that your back and forth trades worked out so nicely.
I'm on the same track for this year, and maybe similar outcomes but whichever way, it feels like it will be a good thing!
I haven't caught up with your posts about the Internet of Money yet, I'm saving them for a less hectic time. Good that you're feeling good (I was going to say convicted but that doesn't feel quite right) about crypto and hive.
Yeah 'feeling the power of your convictions' sounds better.
Incidentally my word of the day is 'wry'.
Wry is a nice word and much under-used.
How many times did you manage to get it into a sentence?
Oh only once, it was in relation to my landlady's failure to turn the heating on in the basement flat I'm renting, bills inclusive.
So I just warm one room with an electric heater - 10 hours a day.
I have a wry sense of amusement about when she gets her next electricity bill shortly before I move out.
😂
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