I have bought a little HIVE and had it sitting on an exchange, as well as some sitting in my wallet unused. I have had it sitting there in case I need it, but I am not going to be selling any at these prices anyway (unless forced and haven't been forced in four years yet), so I may as well power it up. I should be able to get around 3 HIVE per day in curation on the 10,000 powered up, which means that with 105 days left until the end of the year, I should be able to earn about 315 HIVE in curation returns in that time. That also means I should be able to distribute about the same amount into the community too.
I don't selfvote and I don't run any scammy alts that I vote on like some do - so I don't mind earning the curation returns. I post about twice a day however, so if I did self-vote, it would get me about 100 HIVE a week, and with 15 weeks til the end of the year, that is 5x as much as I will get from powering up the 10,000. Am I an idiot?
Probably.
But, I also have my own journey here and that isn't purely driven by what I can get in returns. I find the people who maximize (especially those who don't need to) quite basic. Sure, they might do really well and find ways to justify it, but I think there has to be more to life than chasing every dollar - or cent as the case may be.
Don't get me wrong, I like the gamification that the economics brings and I like playing around with the numbers - but it doesn't have to focus on earnings alone, as that is more likely to lead to a "profit at any cost" scenario where poorer and poorer behaviors will be needed to increase the ROI - like bankers do. But, to each their own.
I was talking with a colleague the other day about this and how people will complain about the economy and the way it works, complain about the one percenters, but, will not play the game themselves. I said to her, if you want to make a difference in that world, you have to have the currency that makes a difference - power.
She didn't like that idea.
However and as I told her, there is another way that is far more palatable in my opinion - change the game. Crypto is a game changer that creates an economy alongside an economy that will eventually compete heavily for the wealth of the world - the attention of consumers. Consumers will start consuming crypto - the products, the games, the blogging sites and of course, the various tokens that provide them with ownership.
Why live in a world of consumption, when one can own the world of consumption?
Well, just a little piece of it really. But all those little pieces of distributed ownership add up to carry a lot of buying power. Buying power matters and every company on earth wants to attract the attention of people willing to wield their power in their direction. The shift is already starting where companies do not care what the currency is, they want the power of it.
I actually think that the companies that are starting to take crypto now and even though it is not a big thing at all, are making a very smart move for when crypto makes its mainstreaming move. Traditional fiat exchanges are trading in tokens that are by design going to go down in value over time and, not increase in value very much at all if they do happen to buck the trend. Imagine all of these exchanges taking percentages on every trade for a broad-spectrum range of tokens that will likely hopefully go up 10-100x in value. How much in crypto trading fees does Binance take each day? The 24h on the BTC/USDT pair has 311M dollars worth on it.
Not a bad day at the office.
For me, I am not smart enough to play the fiat game, I am not talented enough to make millions from my skills, I am not the kind of person who will ever be successful in the traditional economy - I will always be average, always have to chase, always have to play the game I know I can never win or even have much effect on. It isn't because I am completely useless, it definitely isn't because I am lazy - but that is the world we have. We should stop selling the idea to people that they can make it, that the concept of the "American Dream" or whatever it is in every country on earth is alive, as long as we keep supporting their economy. The dream may be alive, but the reality of that dream happening is bullshit for the vast majority of people and many are waking up to that fact and discovering the game they have been playing is rigged, with the way they have been told to play the reason they are unable to get ahead. Consumption is the driver of economy, but being a consumer is not how you win.
You have to be an owner.
Most of the traditional economy is already owned, so unless you already have significant stake in it, there is not much hope in earning some. Instead, it will be working to survive and anything extra will get spent on a sliver of enjoyment to make sure that the majority never get a grip on the power needed to change the system. Money is power, people use their power to buy goods and services and transfer their power to the suppliers - those who already have stake.
Crypto changes this game, crypto becomes a powerhouse by default if we the people stop fighting each other and instead, start moving our wealth into asset classes we own. Once we own it, we can start buying with it and because we can buy, we have power. Want different, demand different - first demand is from yourself to behave differently.
Taraz
[ Gen1: Hive ]
Posted Using LeoFinance Beta
I've decided to 100% power up for the rest of the year. I've been 50/50 ing it the whole time but I think the future here lies in the evolution of the hivers that stay in the game. I've recruited about 9 people so far into the hive and imagine in a few years if they all stay in the game and have accumulated some decent power then the influence that naturally brings. Number one keep it fun so you keep posting, number 2 think long game its no get rich quick scheme and number 3 make and keep solid legit connections and that way you all evolve and grow together. I've found you and your bro quite inspirational and it's given me pause for thought about how i see my place in the whole hive ecosystem. Stay, grow, thrive.
For sure. :)
It is also part of the growing together factor. It matters. I hope that over the last 4 years or so I have helped in some way, many of the people who have helped me. It is a community after all, but one can't be everywhere so has to try to make a difference at the "local" level.
I have recruited quite a lot of people over the years (not many lately) but my bro is by far the most successful - also the most consistent. There was one I had here about 3 years ago who I was able to get consistent support from STEM for, and he squandered it - took it for granted.
Most people do not have the consistency to even shitpost daily - let alone offer something of quality.
My latest recruit is my best mate from back home @xwidep. Finally posted yesterday despite being trmendously busy at the Museums and galleries. I'm expecting some good content from that direction. I have a feeling he'll find a way to make it a living breathing part of what he naturally does. He has a knack for that.
man your killing it i wish buy hive was easy in my country because there they don't allow cryptocurrency so I have to get some by earning hbd and then convert them in hive power
They don't allow it? Really?
yeah its ban in Pakistan
I mean Pakistan instill in the stone age
I keep converting all those little bits and bytes of HBD I have been receiving. I don't understand the HBD part very well, but when I was able to start getting 5+ Hive for each HBD mine was going fast over the days. A couple of times it was actually just slightly over 6 for 1, but I was out of big HBD numbers. Still, on the first I hope to be able to save enough of my Hive to power up on the first, just to get the next size of Hive Power Bee badge.
The conversion rate has been nice lately - I have been converting when I can too :)
How much do you need for the different bee sizes?
I don't know for sure, I think the next size one is going to be 25 but just am not sure, I plan on powering up 50 hive though just to be safe. So after today's post pays then I have enough if something doesn't come up.
Good luck :) Either way - powering up is fun :)
It also helps to keep my vote value from slipping to much.
For me, the game of cryptocurrencies changed the way I valued money, giving me the opportunity to have real relief from the continuous currency changes in my country. Thanks for sharing your thoughts @tarazkp.
It has helped a lot of people in this way - which is pretty cool I think. Hopefully other countries see the benefits it offers and start getting in too.
Well dear we have same problem with our income normal we need to create other forms for generate income and reinvest it for your future, well we hope in this platform as hive and Leo let us to get the financial freedom.
Posted Using LeoFinance Beta
Hopefully it helps some people at least :)
Calling yourself lazy is a bit harsh I think! You are the most prolific writer here. And you have young family and a day job. I honestly don’t know how can you stay active as much as you do on chain!
Although hive price is soft. I am seeing two 2nd layer token doing very well. DEC and LEO. I wish I have more of each ;)
I might be selectively lazy -but I don't seem to make the selection :)
I have no DEC, but LEO is going from strength to strength. Hopefully it is able to attract new users and become one of the talking point forums for crypto finance.
The "American Dream" is broken because it is a zero-sum game and very very few get the power from the vast majority. On top of that, it is corrupted by the ones managing the economy. Crypto breaks the rules, it creates a completely new game where wealth is in an even opportunity as everything starts again.
In the past, the "reset" has come through war and revolution and this might happen this time too, but it doesn't have to return to the way it was to start again this time.
If you're not smart enough to play the game I don't have a snowball's chance in hell XD
There is smart and there is smart - I know a complete idiot who is smart enough to play the game well - it takes a special type. I am not that type. At least at the moment.
Before I say anything else, I have to record how you have helped others, the little ones, for example, with your vote. You have voted for my publications and I value that very much. Sometimes it's not just talking, it's doing, and that's why you are a reference of how things are done well. In your blog you have not only talked about the virtues, but also about the defects or "potholes" that may be present with crypto currencies. In fact, with some advice, you have made us have a little more knowledge and therefore, of empowerment. The problem is not the money but some people who have it and don't know how to use it. I hope you have a more relaxed day with your family. Greetings and thanks, @tarazkp
You are welcome. I hope it helps. As I see it, it is a way to give a little opportunity for those who might not otherwise - past the vote, there is no more I can do - it is up to you :)
There are many potholes - We seem to hit a lot of them! :D
Crikey you do have a of Hive now!
Hive is absolutely about more than the money, it's a place where I get to interact with the right wing in way that's actually not too offensive.
Consumerism is for mugs for sure. Unless you're lucky enough to have gotten rich somehow, in which case you don't have to worry too much what you do with yer money.
I don't think on Hive you need to worry too much about ROI maximisation to make a decent ROI anyway TBH!
Yeah - I am an idiot :D
Luck - it is all skill! ---- not.
Not really, which is why I find it so pathetic when some large accounts get rapey.
Considering there is approx 0.3% fee that would be around one mill from that pair alone. But then again, it's not that easy to build and assure security. More than that they are providing liquidity for the market as long as there is no convenient dex'es.
Some day, presumably that would change, and they will launch a proper dex themselves. Which i am sure is already developed and ready to go, but who would kill a milking cow from a business side perspective.
I think large volume players pay less, but I am not sure how much less. Just think if Bitcoin does one day hit that 1M mark - how much will they hold through fees alone?
I think they are trialling their dex? Or I might have dreamed hearing that from somewhere.
Very large players usually do OTC (over the counter) deals to avoid slippage and avoid exchanges. But i believe there are quite a few whales that trade on exchanges as well, though i think those volumes are mostly done by a large number of players, triggered stop loss chains etc.
You generally do not see so much traffic going into and out of exchanges. The majority of those volumes sit in positions that get executed once the chain is triggered.
They are trialing dex for some years now :) If they wanted for it to go online it would have been there already. You simply do not cut the money branch you are sitting on. That would be stupid from business perspective.
And even though i doubt BTC will hit 1 million anytime it's not the matter of the price of BTC but sheer volume of trading. So to speak BTC price does not influence trading volume, hence their commission fees on the trades :)
They are in such a sweet spot of the market beating around bushes and trading back and forth that i am sure they take a significant part in market making and price manipulation for sure :)
Think of funds available to Binance. They effectively hold all the crypto currency people entrust to them by transferring to the exchange. And then again, since binance is not a blockchain based tool, they can simply "pull" a few thousand btc from thin air sell it and then buy it back at a lower price and restore the balance :)
I really believe that a big share of their income is not based on trading fees but the ability to manipulate the unregulated market :)
Power is an interesting concept to study. If you want to test a man's character, give him power A quote which popped into my mind after reading this. It's good to own things if you can. It's also good to take an opportunity when presented. I wonder what would many people do if they had the power they dream of today. Would they really be happier?
You are right that we shouldn't focus on earnings alone, but focus more on bringing value.
Crypto is really a game changer in the world of finance. It is the future of money where everyone have complete control of their finances.
I have most of my money in crypto and I advice everyone to do the same.
Posted Using LeoFinance Beta
It is going to be a very interesting decade if things keep heading the way they are -as the instability will see many people and businesses look for some kind of safehaven, crypto being one.