Change is coming to Hivebits (HBIT)

in #hive3 months ago

A couple of changes are coming to @Hivebits (HBIT).

1. Reply to yourself

To earn HBIT in the near future, you will need to reply to one of your own posts or comments with a Hivebits command like !HBIT.



Replying to someone else's post or comment will be ignored. There are a few reasons for this change.

First, Hive tip or engagement tokens can sometimes be viewed as spam. This view exists because the unsolicited bot commands and replies can overtake a user's post or become unsightly to readers. Replying to your own post or comment should help cut this down.

Secondly, we already have great tip or engagement tokens on Hive! These are where you give to others as a free gift. Got LUV?

Third, Hivebits (HBIT) was never intended to be a "tip token." At first, it was not one at all...100% of the HBIT went to the person mining, not the person being replied to. But, since the HBIT command was in reply to someone, who then got nothing despite their post being used, a 10% tip to that poster was then built into @Hivebits. Like Bitcoin's your work = your reward Proof-of-Work, the idea behind HBIT has always been that if you put in some effort, then you should get the reward. This change is a full return to that ethos.

Unchanged...using a Hivebits command like !HBIT will earn you 1.0 HBIT. This is how Hivebits has always been...every HBIT is backed by someone's conscious effort on the Hive blockchain. The new rule will simply say that your !HBIT command must be in reply to your own post or comment, else it's ignored.

Also unchanged, HBIT can be mined once per day, the same as always.

2. A chance at bonus tokens

From the start of Hivebits, I (@crrdlx) wanted some sort of simple randomization involved to add a layer of fun. So, there will soon be a random chance to earn extra tokens.

This will happen automatically when you "mine" for HBIT with a Hivebits command. So, by mining HBIT, you just might, by luck-of-the-draw, find something new!

Stay tuned on this. More details will follow.

You might want to...

You might want to make your own "HBIT mine" post, if you haven't already. Then, since HBIT can be mined only once per day, you could simply reply to that post. This is what I've done (crrdlx) many times. Just note that when the switchover takes place, you will need to have your own such mine (or simply reply to one of your own posts/comments, either should work).

When will this go live?

The target date for this change is Saturday, September 10, 2022. Things will look like this:





Not on Hive? The top benefits of the Hive blockchain: (1) no ONE person/group runs it, (2) YOU own and control your content, and (3) YOU earn the rewards that your content generates. Learn more or consider using my referral link to get your free account here and I'll support you as you begin. Alternately, you can see other options here.

Sort:  

Cheers for the update, I think this is a good change.

HBIT was always about comment mining, not tipping.

We have !LUV for that :)


PS. Hey CR, my mine is bigger than yours 😂

Good to know a change is coming - thanks for the update !


@hoosie, this comment has been manually curated with LUV

Message received! thanks 😊👍🏻


@bombus, this comment has been manually curated with LUV

This is an important change. I will have to learn to "answer to myself" :-)


@bucipuci, this comment has been manually curated with LUV

Thank you :-)

Brings this token one step closer to its inspiration bitcoin. I like that. Let's see how things will develop in the future :-)

I have a question though:

HBIT can be mined once per day

Is that once every 24 hours from the last time mined or once per day with a reset at a certain time (e.g. midnight UTC)?

I hate that I don't have an exact answer to this question. Pretty sure it goes by the UTC midnight time, essentially the date.
!HBIT

!LOL
At least it was an honest answer, I like that 😉

Can February march?
No, but April may.

Credit: bitpizza
@crrdlx, I sent you an $LOLZ on behalf of @hannes-stoffel

Are You Ready for some $FUN? Learn about LOLZ's new FUN tribe!
(2/2)

I've got to figure it out. The question has been asked enough times that I really need to sit down and figure it out.
!LUV

Success! You mined .9 HBIT & the user you replied to received .1 HBIT on your behalf. mine | wallet | market | tools | discord | subscribe | <>< daily

Starting Sept 10, you will need to reply to your OWN post or comment to mine HBIT. You MIGHT also find a bonus token! Details here.

Thanks for the heads-up about the change. I wouldn't have liked it without explaining the reasons, but with them, I think it makes total sense.

!PIZZA !LUV

Hi @crrdlx, I'm mining Hivebits for a while now. Is there actually a use for this token? Or we can only continue to mine and at a certain time start swapping them for other tokens if we want too? !CTP

The use is what is made of it. Do whatever you like with the token. I see the use case currently as fun, and learning. I think both are valid uses. What grows beyond that, who knows?
!LUV

That's clear, thank you for the explanation. Is there a maximum of Hbits to be mined? At how many we're at the moment? And what are you going to do when that maximum has been reached? Have you got any plans for that? !CTP

Is there a maximum of Hbits to be mined?

Max is 21 million, just like Bitcoin. The max, by the way, for the other tokens in Wusang can be seen at https://wusangisleofblaq.netlify.app/pages/play.html - they're even more rare.

At how many we're at the moment?

For HBIT, 40,000. See https://tribaldex.com/trade/HBIT and click the "i". For the other BLAQ tokens, I went ahead this morning and issued the max amount to the @hivebits account. I debated whether to release them all or not, but I didn't want one of them to run out and the "well to go dry." Those tokens will sit there and only be released by the wusang bot as they are found. Since we are only one day into Wusang, the following have been found:
BLAQ: 26
BLAQGOLD: 10
BLAQEMRDLD: 1

And what are you going to do when that maximum has been reached?

When they're all mined, they're all mined. There are no more...finite scarcity at its best!

Have you got any plans for that?

I can't do anything then. The only way to get those tokens then will be on the open market.

!LUV

Thank you for your kind answers! !CTP

@wusang, sorry! You need more $LUV to use this command.

The minimum requirement is 10.0 LUV in your liquid wallet.

More LUV is available from Hive-Engine or Tribaldex

I see a lot of people mining HBIT selling them on the Hive Engine market. 🤔 However, due to the high supply and low demand of that token, the asking price of HBIT is a whopping 25 times its bid price. 😅 !PIZZA !CTP

Meaning, nobody is going to buy it? Still have to start to look into this Hive Engine Market. I thought we could just swap the tokens at the daily rate? !LUV !CTP

People are still going to buy HBIT, either as support for its creator @crrdlx, or to get the HBIT whale badge by being on the Top 25 of the HBIT richlist. 😏 Otherwise, the HBIT token has relatively very little value when you want it sold quickly if you try to sell it at the best buy offer price. 🤓 #NotFinancialAdvice 😅 !LUV !CTP

Okay, nice changes... Let's see how many people have not read this and will still use it as before. I just became aware today. 😅

My guess is that there will be a lot of people doing it the old way. There will be a period of education involved, which is okay.
!LUV

True, I remember how people handled the POSH changes. Most people including me were confused in the beginning.
!MEME !LOL


Credit: cmmemes
Earn Crypto for your Memes @ hiveme.me!

Pregunta: ¿Solo tengo que colocar !HBIT en una publicación y en consecuencias debo de recibir un comentario en una de mis publicaciones por parte de dicho autor? O estoy entendiendo mal su funcionamiento

Success! You mined .9 HBIT & the user you replied to received .1 HBIT on your behalf. mine | wallet | market | tools | discord | subscribe | <>< daily

Starting Sept 10, you will need to reply to your OWN post or comment to mine HBIT. You MIGHT also find a bonus token! Details here.

Debe responder a una de SUS PROPIAS publicaciones (o comentarios). Y, en esa respuesta, incluya !HBIT. Solo respóndete a ti mismo con !HBIT, no con otra persona.
Translated by Google.
!LUV

Success! You mined .9 HBIT & the user you replied to received .1 HBIT on your behalf. mine | wallet | market | tools | discord | subscribe | <>< daily

Starting Sept 10, you will need to reply to your OWN post or comment to mine HBIT. You MIGHT also find a bonus token! Details here.

En pocas palabras responder los comentarios que me dejen en mis publicaciones y las respuestas que me den y colocar !HBIT al final correcto? asi como termino de hacer

Responda a su propio comentario o publicación con !HBIT. No responda al comentario o publicación de otra persona. Esta nueva política comienza el sábado 10 de septiembre.

Nice update didn't know it was intended to mine by yourself I like the idea 😃
Thanks for the update.
🎇🎇🎇🎇🎇🎇🎇🎇🎇🎇🎇🎇🎇🎇🎇

Interesting. I didn't know about your project. Now I do and I'll try it out immediately:)

@tipu curate

Anyways, I was never shy to self voting. If you don't like your own post then why do you post them?

!HBIT

Success! You mined .9 HBIT & the user you replied to received .1 HBIT on your behalf. mine | wallet | market | tools | discord | subscribe | <>< daily

Starting Sept 10, you will need to reply to your OWN post or comment to mine HBIT. You MIGHT also find a bonus token!

Wow. You just made me smile. :)
!LUV

PIZZA! PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
@savvytester(4/5) tipped @svanbo (x1)
kam5iz tipped crrdlx (x1)
ahmadmanga tipped crrdlx (x1)

Learn more at https://hive.pizza.

I just learned of this

I'm glad you saw it. Got another week before the change. !LUV

Yeah I think I understand I use it in a comment to my post from somebody else or just anything that I might post or comment on?

Yes, that's the plan. Or, another option is to make a post dedicated to HBIT mining, then just reply to that each day. (This is what I do at https://peakd.com/@crrdlx/hbit-mine.)

!LUV
!BBH

@crrdlx! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @adysscheryl. (1/1)

Thanks for the update post!

Thank you
!LUV

Thank you for your update. Now I completely understand how the command works....maybe?

If you ever have questions, just ask me.
!LUV

!HBIT

Success! You mined 1.0 HBIT on Wusang: Isle of Blaq. | tools | wallet | discord | community | daily <><

And, you found a Blaq Emerald (BLAQEMRLD)!



Check your bonus treasure tokens by entering your username at an H-E explorer or take a look at your wallet.

Read about Hivebits (HBIT) or read the story of Wusang: Isle of Blaq.

!HBIT

Success! You mined .9 HBIT & the user you replied to received .1 HBIT on your behalf. mine | wallet | market | tools | discord | subscribe | <>< daily

Starting Sept 10, you will need to reply to your OWN post or comment to mine HBIT. You MIGHT also find a bonus token! Details here.

Hi, there, a change was made so that now you must respond to your own post or comment (trying to cut down on spam to others' accounts). Just try again in reply to the comment you just made.
!LUV