One of the things that has come up over the years is whether posting for reward is worth it or not and I think that the answer to this will depend on one's own belief in the crypto space, financial position and willingness to participate. "Worth it" is going to always be a subjective position.
Do you believe?
So firstly, do you believe that crypto as an industry has a future? Do you think there is value? This consideration should of course include Hive as a component of that future, but it isn't necessary per se. Speculation is about whether the future value of something is going to go up and down and since the future is an unknown, belief matters.
If you think it is going to fail - get out.
However, if you think it is going to move in a way where you will benefit, you should consider opting in and investing yourself. After all, that is what investing oneself is all about.
Can you afford to lose?
Financial position is something that affects us all in this life, for better or worse. Not everyone has disposable income that can be thrown away on a whim, so people are generally concerned with how they use their money, with most taking a cautious position, rather than investing into risk. That caution however might be throwing money away, just from another perspective. For example, most entertainment activity has no ROI, yet people feel there is value in it, which there might be, but it is an opportunity cost decision.
Willing to take part?
So then, there is the question of willingness to participate, which likely first needs the precondition of "belief in the future" to be positive. Participation comes in many forms of course, but if one wants the future to be better, positive participation is probably the more logical step to take - support the world you want.
Back to Hive
So, is it worth participating on Hive?
As said, this is going to depend on current position and future prospects - with financial position likely playing a big part. Some people believe that the return for their time isn't worth it, but I think that this is shortsighted, depending.
This future value could also include non-financials like social and community improvement, but let's keep it financial for this case. For example, if I believe that the future value of crypto/Hive is going to be worth significantly more, I should be investing into the space to benefit from it. However, I might not have the disposable income available to invest directly, which means that even if I am earning low amounts, it is something beyond zero, since I wouldn't have the money to invest otherwise. This could take a lot of work, but that work could be worth it at a higher future price.
For instance - if I was able to earn 5 dollars worth of HIVE a week through posting for a total of about 25 HIVE and the future price goes to 5 dollars, that week earned me 125 dollars worth of HIVE. If, I am unable/ unwilling to put that initial 5 dollars in, but that 125 dollars is significant for me in the future - participation is a non-brainer (in my opinion) as it opens up the possibility of an investment position.
But, if I have the disposable income and am quite happy to put that 5 dollars into the space directly as an investment, it might not be worth my time posting and instead earn through curation alone to increase holdings. However, from a cost average perspective, if I can only afford the 5 dollars willingly, it might be better to both buy and participate to earn, with the 5 through participation effectively halving the cost of buying each week - at the cost of time and effort. That means that with the 25 bought and the 25 earned, the future value at 5 dollars is 250 dollars worth. For many, that might be worth the risk as well as the time spent, for many others, it might not.
But, there is also the participation component to think about, where participation in a new industry is an influencing factor on the survival and solidification of that industry. All unused industries fail, so participation from the believers in the early days is what sees it through to mainstream usage. So, if one believes the future is valuable and even if investing directly into it, any additional participation will add transactional usage to increase the odds of the future being more valuable than the today. What this means to me is that there is always value in positive participation if one believes in the future of an industry.
Is it worth it?
The question isn't about whether it is worth it - it is, is it worth it TO YOU?
Value is always subjective, including the value of money, as everyone has a different relationship with it and of course, different needs for it. Some people have a great deal so it doesn't really matter what they do, they'll have enough - some have enough because they do nothing that needs much, some need more because they want more, some need more because of what they want to do in the world with it, as money is needed to trade goods and services. It doesn't matter if buying a Ferrari or paying a cook for a soup kitchen.
We all make daily decisions on what we find valuable through the purchases we make and of course, how we spend our time, where we turn our attention. Some people are frivolous with the resources they have available, some are very careful - but if we are looking for some kind of outcome in the future, it is best we ourselves support for that outcome. This means taking part. If you want to be able to play the piano well in the future, you will have to learn how to play one way or another before that future arrives.
My personal position
For me, I continue to look long and try to opt-in however I can, whether it be through writing articles like this, earning from it, supporting and curating others in their own content, commenting, voting comments, buying directly, trading crypto, talking about it with friends or whatever other ways there are to participate that I feel adds value to the future of the industry, which in the early days is largely about helping users to take part themselves.
What I like about Hive is that it aids this by being more public, more real person. I think this makes it more influential on decisions for users than Bitcoin - as the hurdles to participate are much lower. This means that even if one isn't confident about the future value of HIVE, but are confident about crypto as an industry, using Hive as a gateway is still worth it as it allows a low point in the fence that gives people a taste, without needing to invest directly. This is how I got into it and why I ended up participating to a far greater degree. If the only option was to buy directly, I likely still wouldn't have any crypto position.
Ask yourself
Do I believe in the future of crypto and blockchain?
If yes.
How can I take part?
It isn't too hard, but this is all an opt-in community and that means - it is you who has to make the decisions on how you choose to participate - or not.
Taraz
[ Gen1: Hive ]
Posted Using LeoFinance
Good day. Cryptocurrency has a future. Perhaps about many other things, I will simply keep silent. Your post is very exciting. Thank you very much. Have a nice day.
hmmm...seems you are like me...
Thank you very much for responding to my comment.
One of the hidden benefits of participating in Hive is the crypto education you get.
On top of earning crypto, you end up reading posts about other crypto projects and crypto-related tools and services you probably would not pay attention to. That brings you an organic way to progress in your crypto education which will be a big asset as the industry evolves.
Most of the users do not realize about that but it is a big asset you get from just interacting and engaging.
!ENGAGE 20
It is a huge benefit and a lot of the information "falls into the lap" just be taking part.
If you want to meet someone with your interests, it is best to take part in places where those people gather. Same for all kinds of information - get surrounded by what you want to improve.
ENGAGEtokens.Obviously, I believe. However there is a huge difference in our perspective probably due to age difference. I simply can't count on the $125 future. Not a consideration for me.
I'm here (and invest time and money) because I like the platform AND I think it has a future. It may be THE future for humans. So I get instant gratification AND poke a little place in the future for my nephews. That's enough for me.
The 125 doesn't do much where I live either, it was just an example.
But yes, there are heaps of values outside of the financial, which ja why I excluded them. I think the actual value is built there, but people focus on the money. The price is a symptom of the platform working well - at least it will be.
I get it. The part I lack is the wait for appreciation with any sort of certainty.
If I die today (always a possibility, particularly as I am eating potato chips with breakfast :)) most that know me will say "Damn he had a good run. He just blistered life much of the time."
You, on the other hand, have a reasonable expectation of living to and through the expansion we both know is coming. I can't factor that into my calculations.
Yeah, I understand that perspective too. As you said in your first comment about your nephews - a lot of what we are doing here today is going to have far reaching ramifications - hopefully for the better. I am not looking to just offer a better financial position for Smallsteps, I want her to have a better life and that includes a better life for the people around her.
I just really want to give my nephews a chance to be individuals into the future. Just that. Any financial benefit would just be a bonus.
Hey. I'm going to link bomb here. This guy is a friend and former employer who is an unabashed cheerleader for hive and puts his money where his mouth is. I'd do it with discord but I seem to no longer have your number so can't send a friend request.
https://hive.blog/hive-119826/@jongolson/myhivegoals-stackin-buildin-grindin
tarazkp#5792
@jongolson and I cross paths from time to time already :)
Now there's a surprise. :)
!ENGAGE 20
ENGAGEtokens.Tis interesting, that last question. I think the beauty of this place is that you technically don't have to believe in the future of crypto and/or blockchain to want to participate or believe in this platform.
Definitely. It is just a place to play, interact and have some fun. If more people didn't care and just enjoyed the opportunities to do stuff, it would likely improve the atmosphere.
It really would!
I think with the price action of the last 1-2 years of both coins it's interesting that people still believe in a financial future :D
I think they are gambling on a bull run and subsequent pump!
Gambling is fun that's true :)
If it ain't gamblin it ain't livin :0D
!ENGAGE 20
ENGAGEtokens.Over the +2 years I have been on my own "journey" through this "virtual world" @tarazkp, this has always been clear:
In fact, it was why I went against my position I would never (wise to always be very careful with this word ...) have an online presence. I decided to understand the "use case" of being invested in
SteemHive and I am still here ...What you make no mention of in this post is one additional component of any of us choosing to invest in our Hive blockchain. The so-called "second layer" options, like LEO, BRO, ARCHON, etc.
Prior to my choosing to power "down and out" on the Steem blockchain, I never had any discretionary funds to even consider wasting the time to look into these, as I always went with the "choir singing" that to powerdown was "bad." Always powering up everything was "good."
Only with the discretionary funds from my powerdown did I finally spend a little time to looking into these opportunities. Glad I did! My subsequent investment in them has been very satisfying!
So ...
Our choices are even more complex now. How much of our hard-earned $$s and time do we invest in the "base layer" Hive blockchain? And how much in the large and growing "second layer" options? More for us all to consider. Which, in the eyes of this one anyway, a good thing ...
!ENGAGE 20
Yeah, I wanted to avoid this for simplicity sake and as I see it, it is a component of investing into Hive - it is part of the use case.
Oh yeah - this is a huge part of it. I think that the Steem conversion allowed a few people to have a little bit extra "free funds" to experiment a bit with. Disposable income matters. I also think that making some income disposable requires changing the way we consume or at least exploring the potential we may or may not be wasting.
Base or second layer investment is an interesting question and I do not have a great answer. However, it is very much possible that a Second layer token outperforms the entire Hive blockchain in value - and can still leverage Hive for all its transactions. that is exciting in my opinion!
What this primarily required, for me (and by extension I suspect many others ...) at least, was simple. I needed to "break away" from the "choir singing" about what one must and must not do to be viewed as a "good soldier" here on our Hive blockchain.
I will not make that mistake again, as anyone choosing to look at my wallet now (vs. historically) will quickly discover ...
Everyone needs to find their own way here and in life. =)
ENGAGEtokens.It is a choice to play in/participate in the Hive block Chain. If it was not for its predecessor I would not be learning about crypto. If Hive split did not happen, my crypto experience would likely have ended.
I have yet to realize any financial gains from crypto, I have no KYC account and no method of converting and obtaining fiat money to purchase anything. That however has not stopped me from trying to grow my account on Hive.
When I feel the time is right I will find an, acceptable to me, KYC account and start to take full advantage of crypto, but for now, I am enjoying how inexpensive the entertainment value I get from Hive Block Chain is.
The entertainment value of Hive is only one aspect of the block chain, and long term I do believe that the value of other aspects of Hive Block Chain will have a positive effect for me.
I think there would be many similar - maybe me too. At least from a posting perspective. I might still invest, but likely only into BTC and Eth.
What I am hoping for is a multi-pronged system where people can choose their experience and still have plenty of options to explore further if they want.
!ENGAGE 20
ENGAGEtokens.Most of the money in cryptocurrency is speculation. Average people who have more than 25% of their assets in crypto are definitely not investors.
For Hive, hoping the value will increase is purely speculative. With inflation, about 10%, and most of that going to authors, developers and witnesses, just holding HP for Curation rewards at the current value of Hive is a little underwhelming given the volatility of cryptocurrency.
2HP curation /1000 a week (kinda easy to get) is around 104/1000 a year so combined with the inflation rewards for just having HP, it's easy to stay on top, but what are we looking at like 2% more than inflation? It's not a particularly good investment. You could sell your Hive and stick it in a better investment.
Blogging is or author rewards do involve developing writing skills, and if you take photos or make videos, editing skills, too. I consider this self-employed income, not investing. It's harder to value this, but I think to a certain point it's an investment. Some people may even be improving their English which is huge value for non-native English speakers. It's this aspect in particular that draws me to Hive.
That said, I'm in for the speculative nature most, but this is more for other cryptocurrencies and not Hive specifically. Speculating on cryptocurrency, in general, is high risk, going all in on one particular cryptocurrency (especially one that isn't solidly in the top 10) is madness.
Actually, it's pretty easy to achieve 10 percent APR on curation alone. I know people who get 15 to 16 percent APR just by curating.
Between March 2017 and December 2017, Bitcoin went up 20x. Do you know the factor by which STEEM went up between March 10 2017 and January 3 2018?
Hint: large cap coins like Bitcoin and Ethereum are NOT where the largest gains were made and I believe will not be made in the current cycle, either.
I also make more than 10% but its not so easy. Also the problem is the risk factor. There are safer ways to make 10%.
The problem with investing in midcap and low cap cryptos is they have a tendency to die. There will always be spectacular hits, but the amount of ones that die off are starrgering.
I think the lowest Steem price was cents, Hive and steem are now a whopping 35 cents combined for a gain of 7x.
Do I have to comapre it to BTC when it was worth fractions of a penny or ethereium when it was worth about 1$? Being selective will always product selective results.
You do have a point about potential. There is only so much more doubling btc or eth can do given the marketcap size.
About 30% of the inflation goes to curation, so I think it is a fair portion, considering it doesn't take much work other than consuming.
Using current skills or building new skills is a huge value here. Most people take photos yet have very little purpose for them, let alone return on the time spent. Here there is the chance for something.
THis is what is interesting about Hive - it can actually be a gateway into crypto for many. Most people are going to struggle to pull any trigger having to do the initial work to invest straight into crypto - Hive can be a bridge.
Part of Hive's appeal is that it is more than just a speculative asset.
I also think curation + inflation rewards are fine. The operating expense of hive is cheap compared to some blockchains, but calling it free (as some people do) is misleading. We all pay for it in the form of inflation.
The bridge aspect is an interesting point. I wonder though if it does more harm than good especially for investing? People mine Hive first then sell for others.
Actually, I am not sure if you consider that many people haven't bought any - meaning that everything they have earned is on the platform - so the inflation isn't a cost, it is part of the system they opted into. Possibly wrong,, or semantics :D
This has happened since the start.
Interesting chart from @dalz
Look at all those powerdowns early on the chain (2016) - that is all the ninja mine as so little had come out of the rewards pool at that time.
But If you have 1000$, Hive may not be the best crypto to invest it in, especially if you already have a somewhat decent account and can just eventually get it for free from blogging (something I should get back into ;).
I actually let Hive creep up to a huge % of my crypto portfolio just before the Steem thing. It's back down to a more manageable amount. I sold a ton of crypto in March that I acquired in 2019 when the prices were low to take advantage of the dip in the world stock markets (no regrets) and used my Hive/Steem to slowly get it back due to the 13 weeks powerdown.
Looking at that graph is neat, I like the little PD ticks every year when people are selling to realize their losses for taxes or whatever. But it really gets confusing in early 2020.
I think the only way to consider it fairly is to start counting Hive around July 2020 when people were finished powering down Steem.
It really complicated the analysis situation. I don't consider people who sold their Steem to buy Hive as outside investors, but it's hard to consider it as a continuation.
!ENGAGE 20
ENGAGEtokens.There's one way to look at it you did not mention: how much enjoyment you get from posting and interacting with other users. If I look at my earnings and the time spent earning them, it is absolutely clear that it has not made any sense from an economic perspective. I do not say this to complain about my rewards because they are much better than average, which I'm grateful for, but to make the point that working for this kind of hourly compensation is simply foolish because in a country like the one I'm living in, there are much better options available for additional income. For example, the best case scenario is that I'm going to make about $6-$7 worth of HIVE on the steam train post I just made. It's got $2.8 now of which I'm going to get a half as the author if what if the current votes are all there will be on it and if the token price won't change. That's $1.4. If that photography post was commissioned work, I'd have to charge for the time it took me to drive to the station and back, taking the photos and finally editing them. Even posting them took some time because uploading pictures to PeakD takes tens of seconds per post. I also had to write the text in the post. That would actually amount to about two hours of billable work. The results are not up to professional standards but they're pretty solid. About $100 per hour would perhaps normal for a pro. If I charged a half of that, that would still be $100 for today's post. (I have been asked to do commissioned work.)
Hive went 124x from the all-time low to the all-time high in the last four-year cycle. We're up about 2x from the all-time low of HIVE. So, assuming we will go up 60x, the tokens I'm probably going to earn will be worth $84 at the next peak assuming I'm able to time selling them just right.
Doing what I do ONLY makes any sense because I enjoy what I do. This is a hobby that I'm capable of monetizing this way. They money is all extra. The significance of the $2.8 I'm looking at is not mainly in the money but the votes that signify recognition.
I wanted to keep it more financially orientated, even though it is not the main value of Hive imo.
How much commissioned work can you get and how much time spent getting it? I know people say "I don't get out of bed for less than--- " but I don't see them out of bed much :)
However, this is precisely my point - your numbers (in the first paragraph) are looking at it from the immediate moment - not the future. This is how many people look at Hive, but if they aren't able/willing to put that couple of dollars in themselves, then posting for it is worth it, if they think that the future 100x or whatever is possible.
Until that 2.80 is worth 280. At that point, that is very much worth it and there will be people who have out-earned paid professionals.
Not for me, at the moment at least. If it were, I would go and deliver ads for €5 per hour (after taxes) with getting cardio as the main motive and the money as a way to maximize the value of my time - and buy HIVE for it. That would actually be a better way for me to maximize my investment in HIVE.
Not much, I guess. But then again, if I did not enjoy photography, I wouldn't take a single shot.
I got the offer by just posting what I normally post to a local Facebook group. I could do that in a matter of minutes on top of my Hive posting routine. I don't enjoy posting to the Facebook group as much as I enjoy posting to Hive, however, because I don't want to support Facebook.
You're forgetting there's a third option. In any first world country, it would actually be illegal or against collective labor agreements to pay as little as even someone who is probably in the top 5% is paid her hour for posting to Hive. From a purely financial standpoint, I should take up a second job and invest that money in HIVE.
From a purely financial point of view, it is completely senseless to do what I'm doing. But I'm not doing it for financial reasons but for enjoyment.
Only in a place like rural Pakistan or something is what the average Hive author earning of any substance. For them, the money is lucrative whether it is invested in HIVE or not.
If I had spent that time cleaning toilets and earned at least ten times as much, it would be worth $2800.
But.... are you willing? I have brought this up many times in the past (I have a post earlyish 2017 on this I think). Often when people complain about the rewards, the don't have one job, let alone are willing to take a second. Then, once working - how many are willing to convert into Hive?
It is a similar argument for "if I had bought BTC at 1 dollar" - how many would have actually held?
I once got paid several hundred dollars an hour for modelling work - if only I could work 20 hours a week as a model for the last 20 years ;D
Same as a above - you should - but will you?
I am yet to meet many educated Finns willing to clean toilets - even as a second job. People fight for more responsibility for a 5-10% pay increase, yet a couple of night shifts at McDonald's or stacking shelves at Prisma a week would get them not only more, but would be easy and responsibility free.
The point here is looking at posting to Hive from a purely financial point of view. Again, I enjoy posting to Hive. This is why I'm willing to accept an extremely low hourly pay by my local standards. Because I wouldn't enjoy cleaning toilets one bit, I wouldn't do it as a second job if it wasn't quite well paid or if I didn't have a job at all and I was forced to.
!ENGAGE 20
ENGAGEtokens.This is currently my major reason for sticking around (excuse my lack of blogs recently that's life and nothing to do with Hive).
Truth, this does present problems for Hive, since it's actually profitable for some people. There is often a difference in the quality, but one day or another someone will need to devise a solution if none just appears.
I often wonder how to make a lot of money off hive without speculating about future value. If I blog every day or do a few good ones, I can easily earn around 100 Hive a week in rewards. Right now that's not enough to live from in most developed countries, but at 5$ per Hive it would be a meagre option.
One advantage at high prices is curation rewards earned are stable, there won't be a sudden massive influx of HP or vests. However, let's assume curation needs to be reinvested to not fall behind.
While author rewards are shared among more people as more posts are made. Earning 100 a week may become even harder. I may only be able to earn 30 Hive a week under that situation. Who knows really?
Mine, too. Recently, my earnings have been very good compared to most other Hive users. But they alone a far cry from enough to justify the time spent from a purely financial perspective.
I'm not following you now. Could you please clarify?
If the price hits $5, it will happen near the end of the next bull run and it will crash hard afterwards. The price will go back to under a dollar but possibly not much if BTC bottoms out at $50,000 or thereabouts in 2024/2025. It is all driven by the BTC mining reward halving schedule. What else?
If you live in a developed country, the worst possible thing you can do with your Hive earnings is to cash them out immediately without reinvesting them during a bear market when the price of HIVE is so low that you're getting peanuts in fiat terms.
Imagine if you had a second job delivering ads the main motive of which were you getting cardio. You earned a little bit of money that you did not need for living but the catch was that your earnings were paid in tokens that had the possibility of spiking x50 to x100 in value if you waited for 1-2 years. Why on Earth would you do that if you really didn't need the money right away?
Of course you can choose to invest in some other project than Hive.
I was referring to the fact that for people from developing countries, blogging on Hive is profitable and perhaps even lucrative. This may present unique challenges in terms of the authors it will attract and the content that will be created. Tasteem was a great example to illustrate this point. I mean did you find the reviews of cafes and working-class restaurants from the suburbs/non-tourist areas of developing megacities valuable? They made up the bulk majority. We also find this problem with travel dapps. I'm guilty myself of posting things that would only ever attract very niche interest.
I agree, moving them into other high-risk speculative assets (other cryptos) this could be a great hedging strategy. SMTs will make it more likely that this will stay within the Hive ecosphere.
I would love to opt in more when it comes to hive. I believe in crypto, decentralisation and an alternative way. However as I have bills to pay and kids to raise, I dont seem to be able to find the time to opt in often. I see as personal hobby/guilty pleasure and me time comes last.
I like the idea of being able to blend normal life with Hive, making it part of the process, kind of like making time for any hobby. But of course, obligation and responsibilities come first :) Hope you are well Paula.
Keeping good, hope you are too. I use to have time for hobbies. It will turn again, just a stage I have to get past 😄
All fine here, though could do with a little more R&R :)
I would say you could, you are always working or on hive. But then a bit of rest from work and I bet you would spend it on hive anyway, or visa veras
Thanks you very much for sharing your thoughts dear @tarazkp.
No worries mate-
My own view has always been that it doesn't cost me anything to post and engage on Hive. Time and effort yes, but I'd be doing that on other social media anyway. Finance wise, my fiat investment is zero in the chain. Any penny I earn here is pure upside. That's makes it a no brainer for me
I think it might be different for someone joining now, but if one is able to be consistent (you have) it is possible to build a presence here still. Plus, participating here is fun :)
I've been thinking about this for the past few weeks. For me it's not so much a question of financial gain but of time spent. Sure I might gain a winfall in the years to come but at what cost? How many hours would could I justify away from other interests? From family?
After all, I left all other social media due to the amount of time it takes away from life, so is hive justifiable because I can get paid? Or it is justifiable because it's feel more real the let's say Facebook? How many of us would be here if all we received where likes?
I think cryptos will have a place in the future but at what level I don't know. I do think most governments will step in and ramp up efforts to control crypto once they feel threatened enough. I'm sure that will have it's own impact on the cost and whatnot of cryptos.
So, is it worth it? Honestly, I don't know. But it feel like a good thought exercise and something to write about.
Well, I don't spend time on other social media as I see it as retarded to do things for likes, plus what gets likes is of such low and useless quality, it makes avoiding social media the goal.
I think it might depend on interests. If only doing it for the money, most shouldn't even bother. Those that have tried burn out fast - those that are here for other reasons are able to participate easily for years.
Such an amazing sharing :)) You inspring @Hiveans heaps and I do believe @hive in the future !!!
as a Newbie I find it so much motivated when reading your post 😍 I started leaning about Cryto and Investment since I was on the Hive chain. I hope I will master myself about everything through learning from all people here ☺️
You seem to be getting a little traction too, so have fun and enjoy the experience :)
I think anything in the space is worth messing around in if you can trade your time for a little bit of crypto its a low risk entry point so I think it will always have a place in the market, how big it will be is up to the community. I think that with tokens now we 10x the chance of hitting a formula that sticks as each one tries their own thing.
One or two token successes would change everything here, whether it is gaming or something like LEO. The more the merrier and hopefully, one will crack the seal on mainstreaming.
A wise article. I do not doubt for a second in the great future of cryptography, unfortunately I cannot say the same about HIVE. But I still hope that HIVE has a more attractive future than its predecessor, although predictions are a very thankless thing.
This is why it is called speculation. If there was certainty, it wouldn't hold much value as an investment opportunity :)
I’ve invested i think about 300$ in steem back in the day. Now at current market prices my account is worth 1,700$. Its not huge amounts of money but thats only factoring in my hive stake. Not counting splinterlands, hive engine or anything else. Its totally worth it! Then theres the community and learning factors and lots of other non-financial things in top of that. Its perfect in my opinion! Its a shame that others dont see the same or lose interest. Then again, those tend to be the moochers, ive found.
Do you find that your IRL actions are changed? I have - I look at the world somewhat differently, as well as approach things like my work differntly too. I do actually think I have improved IRL through participation here - I can't say that the decade of social media usage before Hive added any kind of value to my life in the same ways.
Do I believe in the future of crypto and blockchain?
Yes Crypto works, cross border transactions are faster, more efficient and cheaper. Blockchain technology will expand out much further than just using it in a cryptocurrency format.
How can I take part?
Already learning more each day by being in Hive and other platforms using blockchain technology expanding, reading ideas investigating possibilities. Collective thinking is better done together.
Precisely. You have a solid outlook and understanding on why you do what you do - more should think about it.
On reflection, an increasingly large part of why I started participating here — and continue to participate here — is quite simply that I enjoy writing/blogging and have for a couple of decades... and what sets Hive apart from other blogging venues is that the social aspect is much stronger than on Blogger, WordPress or wherever. Those sites are really pure blogging sites, as opposed to a social blogging site.
Do the rewards serve as an incentive? Absolutely! And perhaps the biggest thing the Hive ecosystem has going for it is that it's the easy way into crypto. In a sense, it's parallel to the "CoinStar" change machines at supermarkets that count your loose change...and allow people to buy Bitcoin. No "special education" is needed here, you have the potential to get crypto for doing something you already know how to do... participate on a social media venue.
Financially, this has always been a long term play for me... I see the possibility that we may be part of (at least) a step towards some future version of how people get money, as more and more of the tangible things humans "do" in the world get taken over by AI and automation, and we are simply not needed to run assembly lines, be diagnosticians, checkout clerks, warehouse stackers, etc... and yet we still are part of the greater thing known as the total economy. Again, though, we are looking at the 5, 10, 20 year time horizon. But is that really that long? I just checked my Facebook profile and it shows that I joined on 15 March 2007... 13 1/2 years ago. I'd love to think I can do a similar check on Hive, in 2030!
I find the same. I feel there is more interaction here, even though there are less comments perhaps.
Haven't heard of coinstar - interesting concept :)
Perhaps the timeline is being pushed up with corona, that will eat millions of jobs that won't return in the US alone. Then, the civil unrest we are seeing is symptomatic of these issues, which will drive the shift to new opportunities harder. It will take time to normalize of course, but it might not take that much time - Time will tell though ;)
I imagine the schedule is being fast tracked by Covid and the world situation... more and more people here realize that the jobs they have been laid off from, or "furloughed" from simply won't BE there, ever again.
In the background, there is a mass of automation activity going on, plus demand will drop in some consumer areas. So, it is pretty bleak for many.
Definitely worth it as an experiment if nothing else :)
Yep - I agree - plus it is fun :)
Greetings friend an excellent reflection, personally apart from generating money in Hive, I love because I can share my knowledge of the agricultural area with the whole community and my content is safeguarded to be consulted by my students.
Without a doubt hive is a multifunctional platform, which allows you to be updated in any area.
See you later, buddy, have a great week!
The immutability is a great point to add here, thanks. :)
It is indeed a personal choice. I think it comes down to time. Although we mostly think about the money, it is actually about the time we can afford to invest and put in. Believing full heartedly in a project will most likely assure a success. People don't win when they work for something they have no faith in.
I think in the face of uncertainty, the best thing is to believe that there is possibility and work toward that end. Going into anything half-assed is going to likely end at zero.
Embracing uncertainty is the only way. Life is filled with it
I think in the face of uncertainty, the best thing is to believe that there is possibility and work toward that end. Going into anything half-assed is going to likely end at zero.
I always like to read these kind of testimonial post from the greats here at Hive, you inspire me to keep contributing and to generate better content every day!
Someday you should give us some tips (to the new ones) on how to grow and what things we shouldn't do. I would appreciate it very much.
I missed a couple comments on this post - sorry for the delay :)
As far as it goes for tips, it is mostly about engagement and consistency no matter what the votes or price of Hive is. Find people you enjoy, write what you are good at and have a lot of fun. Building relationships is the most valuable thing a person can do on and off the chain :)
The problem with money is that is overrides the pure value.
Who saw my posts? Do they really like it? Are the comments for real or is it all about the money? Is it all about the dam dam di di di dam. I don't think its funny to see us fade away.
It depends on the person evaluating it perhaps. I think that what is even worse than the money driving interaction - is the will to do it for attention from strangers for nothing more than a digital heart or thumbs up - I find the lengths people will go to for a few likes pathetic.
I agree with that. We will get used to the more transparent way of Hive. The centrelized companies will have to adjust and to start sharing the value.
Just what I needed to read. I bought some fresh new Hive today by selling Bitcoin so I guess that tells you enough about my believe in this platform.
Nevertheless, in the end, no matter what happens, the main reason why I invest in Hive ( with time, money, blood, sweet and tears ) is and will always be the community.
Have a great rest of the week!✨
Good to hear - the price is looking pretty good for a buy at the moment. Would love to have even a little extra to put in.
Happy humpday :)
:<)