Today, the tax information came out and while I don't care, a couple of my colleagues were doing some sticky-beaking and noted that there are several of our colleagues are on the list. Oh, in Finland they release the tax information of everyone, although only the higher earners get printed anywhere that public - funny that in the US a president doesn't even have to share that information. I don't agree with the publicity of this kind of information from what are quite normal people that aren't earning that much, but Finns love it.
Sometimes being on Hive feels like sliding doors - a slight shift in reality and suddenly life would look very different. It is quite incredible to think how a "slight" variation in price would be the difference between struggling to do the grocery shopping, or not really needing more for anything. Of course, this depends on one's lifestyle expectations, but I am pretty down to earth in general and my luxuries are more time and space based, not cost as much. Currently, the house project is the sink for all available income and one day I do hope that Hive will be able to make these amounts far less significant.
I always find it strange to think about how much some have over others, even in the same peer groups - of a sort. There are people driving around with cars that are almost the value of my house and they change them every two years, meaning they are willing to lose around 30 percent of a house in that time. What is the point - bragging rights?
There have been plenty of times I have been in pretty dire straits and have done the mental arithmetic thinking about all the places I could have saved, but more importantly, all the places IO knowingly wasted resources. All of that wastage on irrelevant and often harmful stuff adds up fast and even if cutting the consumption in half would have made a massive difference in outcomes. I have never been great with money, too much of a scarcity mindset with a leaning toward instant gratification. While I have improved myself in these ways over the last few years, I could still do much better.
Even though, one thing that I have been able to mostly manage over the years is that I haven't had to rely on others for my lifestyle, I have been able to "survive" under my own resources. It hasn't always been the easiest, but I don't tend to ask people for help and prefer to struggle through alone, even if they are willing. This isn't just in the financial area though, it is for pretty much everything - Take responsibility and make my own mistakes.
I still dream of the 10 dollar HIVE scenario, because how awesome would that be to not only have that kind of resource availability to earn, but also use it to empower others in multiple ways too. Just imagine what kinds of apps could be developed and marketing initiatives could be undertaken with the HIVE community and an 8 million dollar inflation pool value - not to mention the HDF. I am guessing that like 2017, most will be too busy raping it rather than using the potential to invest into building Hive into a far healthier platform with a stronger global presence, but some will look long on be part of building a more stable floor.
10 dollar Hive gives me about an 80 dollar vote, which would give me 800 dollars a day to distribute - at those prices, would it be about content or, would a portion of it be used to empower development and community initiatives for growth? I wonder if I am reading content that I think is worth spending 800 dollars on a day. A lot of it is worth a lot more than it is getting perhaps, but is any of it worth many thousands with the current reach? I think at a high price, it would be better to not just spread it out further, but use it as a development tool, where those with stake are able to invest their vote into new business opportunities to build on the chain.
At some point, to really see the growth potential that Hive has in it, there has to be a collaborative effort to make it happen, or perhaps, many collaborative efforts. The benefit of a decentralized system like Hive is that we can explore multiple paths simultaneously, the drawback is that there is also the potential to extract as much as possible as an individual instead. In a company, exploring different paths is difficult to manage as there is essentially one visionary team - but having everyone just do what they want as individuals means that nothing of consequence gets done and the company fails.
The blessing and curse of humanity is that we have to work together to accomplish large feats, but we don't tend to work together well in large and diversified groups. We can see how much turmoil many of the countries are in at the moment across things like racial lines - as if race matters at all. However, the strength of a decentralized large group is that it is possible to have many smaller groups working concurrently and the benefit on Hive is that all of those groups can potentially add value through a range of different approaches. One might set up an application for photosharing, another a tribe around a niche topic, another a game, another an investment company and so on - all working apart, but all adding value to the ecosystem together - this is why it is an economy.
An economy requires diversification of income streams which is pretty obvious when we look at a country like Venezuela that relied heavily on oil and mismanaged their resources without diversifying. A strong economy has multiple large streams and a massive amount of trickle streams through small businesses which offers additional stability and risk mitigation. Hive and the second layer are able to do this too, but it really requires the value of the ecosystem to be higher, which means that people need to value Hive more than they currently do - both on and off the platform.
I think that at the very least, a higher price and an active community would be able to generate a fair amount of hype around the Hive ecosystem to attract new users, considering we would have highly valuable tap and, a whole range of secondary niche taps to get into crypto without buying. I understand that some people don't see that it is "worth it" at these prices, but if one considers that there is also the potential for a higher future value, it is a no-brainer* to participate, especially if not willing or able to buy at any price.
What is "worth it" is going to be a personal decision, but for me I have wasted so many resources on irrelevant that I think that it is worth investing some of my time, effort and money instead. While there are no guarantees that what I put my energy potential into is going to see any positive gain, I do know that most of my past consumption has been a positive loss. Some people think that the 12th gin is worth it, some were happy to stop at 8. The difference is a n additional 50% in cost, but is the night 50% better? There is a law of diminishing returns in all kinds of consumptive activities, acknowledged or not.
At least for me, I don't intend on sitting around and waiting for that higher price, I want to be part of the movement toward it. There are many ways to do this and it is going to vary what is possible person to person, but that is what being part of a community is like. There is strength in the diversity of action, but the strength in collaboration shouldn't be discounted either.
Taraz
[ Gen1: Hive ]
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Freedom of Information act never quite set in for some reason. Not to mention none of our politicains even pay taxes on their EI from being in office. The fact that you can earn here without actually investing should make it super attractive, but right now, HIVE (along with pretty much every Alt there is) has plummeted. I think also, that there are several people that want to invest in Hive, they are just not doing so because of the current governance. They are afraid they'll be ganged up on like Sun LOL! Granted, he didn't have the best intentions, but the fear is there now.
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Yeah, I have no idea why it was such an issue - unless trying to hide something of course.
Do you really think some people won't invest because of what happened to Sun? While I don't agree with everything, it is a factor that would make me want to invest.
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I believe so. In all reality, we need to throw some money into a major marketing campaign to squash any and all of that that remains and breathe some new life into us over here. These forks aren't helping :P
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Problem with marketing is that too many people think that a twitter campaign of users is enough.
Psssh, twitter is just exposure. Sure, there can be marketing there, but I was referring more to things like news outlets with PRs and info articles, video work, real marketing ;)
Uhm, I find this part very interesting. I have long wondered how great, generous, social and philanthropic would be the contribution of those with high stake and the ability to cast a vote of $80 would be willing to give to their peers if that value/money did not come from a collective pool of rewards but went directly out from their own wallets and would be subtracted from their holdings.
And that's taking into account that they will receive back around 50% of that contribution in curation rewards in seven days. Tsk Tsk
Now here you have told a gigantic truth. And I absolutely agree with you. :)
It is interesting, but it is kind of at least partly, coming out of their own wallet too, considering as holders of stake, they are pushing inflation, which can lower the value of their stake if everyone that gets voted on, dumps.
What I also find interesting is that while people are willing to subscribe to Netflix and to other SaaS models monthly, they can't buy a little HIVE to support themselves and others - after all, they get that 50%.
Well, that may well be true. But taking into account that this initial contribution never came directly from their wallets nor did it reduce the balance of their account at all and that by the way after 7 days a large part of that contribution will return again to them like absolute earnings as curation rewards.
I am on the impression that pushing inflation which consequently could lower the value of their stake, the effect would be so minimal and imperceptible to them that they should never question or refrain from distributing and granting all of their votes of $800 per day since most of this amount and investment will always return to them again in the form of resounding profits.
And then, again. I still have the doubt: How great, generous, social and philanthropic would be their contribution if all this didn't work this way?
That's also true. But then, it probably has more to do with the level of pleasure that as consumers they intimately enjoy exclusively for themselves without involve anyone else in the process. No generosity nor social or philanthropic deeds nor extra external annoyances in the exercise to reward themselves. }:)
If HIVE reached 10 I'm powering down.
Nah.. seriously I'd probably invest it in a Natural Medicine store and hope others would invest in NM too.
Meanwhile, not TOO much in debt.. nothing I can't earn in a year or two and knock back down to zero. But I've never been astute, just tight.
At 10, I would have to take a little off the top. I have added a fair amount of fiat in over the last couple years.
would be nice to be able to set up a shop and have onchain silent investors take a small piece of the ownership for covering startup :)
One of my relatives used to like doing the new car every couple of years thing. It was purely bragging rights/perceived attention for them, always had to have the latest and most expensive thing basically just to be seen with it.
I don't think they're doing that well financially as they didn't bring in the type of money to support the lifestyle they wanted
Aside from my increasingly expensive computer equipment I'm pretty much the same as you, I just want more time XD Currently got space til we get squeezed out by people continually subdividing their lovely big blocks to cram more units into.
Meanwhile I'm wondering how things would change if we didn't constantly need more and more and more money to do the same thing.
If they run out of money, they will go into debt to keep up appearances too - rather than adjust.
in order to raise funds to feed their new car addiction ;D
Get ready for the coming Corona inflation prices to hit over the next few years...
We should never ignore the collaboration or support of things we like. I try to think how my voting would change at higher value but so far I have not found the vote change point. I do support the communities, even those I don't view on a daily basis. A bit more so now that I have a higher HP and can still give my normal votes and add some others in. SO I guess my voting does change with my account holdings. Even as a dinky redfish, I supported and voted on witnesses I thought were doing good, I now have more votes, so more people to support.
Higher value does mean being able to stretch out and support more people, groups, and ideas. I often think if all those people that have Amazon Prime, or net flicks, or Hulu, accounts also had a Hive account they were actively using, then peoples favorite shows would be able to go on and not die on the vine because of lack of funding or revenue for filming.
Hive can serve a lot of niche communities, holding and voting with our stake can make or break a dream. 10 people, $8.00 daily votes, $80.00 a day in votes, not a big sum of money, now just think 1000 fans of Bashing Bubbles Net flick series all voting with $8.00 votes because the producers were running out of money, not a lot but maybe enough to keep the show afloat for one more episode, or season. (I don't know if there is a real Bashing Bubbles show or not I just made it up).
What do you mean?
I think everyone's does and when price increases, people tend to lower their percentage, which means more HIVE being spread wider. This is also why low price tends to earn those who are active more.
this is an interesting idea too - an easy crowdfund that doesn't rely on the advertising revenue of a show. Many great shows have died because they didn't have a large enough market share.
When I was talking about mu vote change point, at some point I simply will not have the time to use my votes up with out sitting at 100% for a lot of hours a day. I have had a hard time on some days lately doing my 12 hour vote ahead in the morning hours, and the hours before bed. When that happens I will have to find a new way, or just not be bothered by being at 100% vote power. Right now when I first wake up I generally have 2 or 3 hours to vote before being at 100%.