Magic (Hive) Internet Money .:. Late Night Blogging
Recently, I have witnessed an interesting discussion about my favorite topic on HIVE, Hive Power! I don't want to mention names, but it wasn't an "isolated" example, as I had a similar discussion a few weeks ago... One friend of mine told to another friend of mine that he would stop supporting him because he had delegated ALL his Hive Power to different projects and left almost with 0 HP... You need around 100HP to be able to write a post and a few comments every day, but that's not the point of this post...
The point is in the title... Magic Internet money... I heard dozens (if not hundreds) of times people promoting HIVE as a platform where you can write stuff, and you got money from big whales upvoting your content... This isn't a complete lie as some people do earn by doing that, but not the majority of the people... Most people are struggling, building an account for years, to get to the point where they receive solid upvotes... But, this isn't the point of this post either...
Created in Canva.com
The point is that people think that this is some magic money that comes from nowhere, but that's not the case at all! This money comes from the pool that is shared among the HivePower holders... And when you delegate your HivePower to someone else, you are NOT COUNTED for part of this pool... You have ZERO power over the rewards pool, which makes you insignificant in the eyes of others who do participate in it!
In the case when you delegate OUT your HivePower, someone else is distributing YOUR part of the reward pool, and that someone else is distributing it to the people that THEY found valuable... Usually, those people aren't your friends, or your followers, and not rarely, these big account upvote posts that have zero "content value" to the platform! So, there you are, delegated all your HivePower, waiting for your friend to upvote your content?!? And what did you do? Nothing! You left someone else to upvote posts to you! You left your friends out there alone...
I experimented with one of the people just to show the consequences of that behavior... As he has delegated all his HP, his upvote was valued at $0.01 or even less, instead of 10-20 cents (please don't throw here the excuse of having 2-3c upvotes which isn't worth using... It is!!! 200 upvotes with 3c is $6 in total!)... I do understand that my upvote is much bigger, but it's not the amount that is important, but the percentage and your OWN stake (not delegated out)!!! So, to show the impact, I have upvoted his post with 1c upvote...
The point is, if EVERYONE would do it like that, and chase for bigger APR paid in shittokens, we would have 4-5 big whale curation accounts, completely CENTRALIZED curation, where the small stakeholder wouldn't be "asked" for anything... Isn't that EXACTLY the system from which we escaped and came to HIVE and other cryptocurrencies?? Never forget WHY you are here... And don't forget that others will understand very fast the REASON why you are here, too...
This is not Facebook, IG, or some other Web2 shit social network where you upload your pic and wait for your grandma to upvote to make you feel better... This is a network where you are sharing your life with others, sharing your values, and helping others, but also, REWARD and APPRECIATE others for adding value to YOUR life! Don't try to do ONE without doing the OTHER! It is a two-way street... I appreciate you, you appreciate Peter, Peter appreciates John, etc... That's how the Universe works... The positive effect is multiplying in that way!
Thank you for your time,
~ph~
PS. There will be no #HHHLive show tomorrow (Wednesday) as I'm on the trip at the moment... See you next week!!!
👉 Vote for Liotes HIVE Witness HERE 👈
Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!
My upvote is now only 6 ALIVE. I delegated all 11 thousand to HIVE Holozing. But I will definitely be back, much stronger :)
hehehehe... Until the next holozing... and the other one... 😃
May be. The main goal is one - a whale in Hive.
Congratulations @ph1102! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 1400 posts.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out our last posts:
It's hard for someone to grow without being proved useful to the network, but I see some people are blessed with upvotes regardless of what shitpost they write.
Delegating is good if you get a return in Hive, but a little share for layer 2 tokens can be separated that does not hurt the actual voting power that we do manually.
It's not a bad thing to delegate SOME of your HivePower to the projects that are doing a good job and you want to support... But, if you give up ALL your HivePower, you are giving your freedom out and relying on someone's "goodwill" to support you... Without having a stake to support others...
It can be "profitable" in the short run (people delegating HP to a project that will upvote their post 100% if they shill them), but in the long term, it harms your reputation, integrity, and the whole platform...
It is always a bad idea to allocate full HP to an account unless the person wants to go on vacation and wants some returns actively.
But, I see it as norm in getting upvote by delegating HP or buying their costly L2 tokens, and it works great for many accounts. But, there is good side of it as well that helps small accounts to stand on their feet, I see some projects just revolve upvote on selected people with highest reputation and ignore users with low repo, this behavior causes small users to invest in such project to help them build.
yes, they build their HP getting "free" upvotes, but they lose the potential of growing followers and being appreciated by the community for supporting others...
I've always thought delegating a lot of HP is not really helping others out. I would rather have a bigger share to show more of influence with my upvote.
Now I will be delegating about 20% of my HP here soon to a community I will heading up. I think that will be good as I will be upvoting from there. I won't move it yet though until I put it into motion.
I kind of agree with your percentage for delegations... I try to do similar, but around a 10-15% delegating out...
Everything more than that is damaging my friends and community, and the decentralized nature of HIVE
Awesome post! Appreciate your honesty! Happy New Year 2024! 😄
Thank you very much! I'm glad that you liked it!
Happy New Year to you too!
Completely agree with you
I like to support projects but I always set a limit on delegations = max 35% of my Hive Power.
I did not change this rule of mine even when some projects had very high APRs because having little Hive Power means having little power on Hive especially to support other authors.
Those who are active on Hive and delegate all their Hive Power are making a mistake in my opinion because they are not looking at the long term.
Nice post and nice considerations my friend
!DHEDGE
!ALIVE
!PIMP
!discovery 30
Aw man @libertycrypto27, you are out of PIMP to slap people.
Go Stake some more and increase your PIMP power.
(We will not send this error message for 24 hours).
Read about some PIMP Shit or Look for the PIMP District
@ph1102! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ libertycrypto27. (3/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
YOU NAILED IT WITH THIS! 99% of people here are missing the long-term view, and missing the whole point... As they are scared that HIVE will vanish tomorrow, they grab whatever they can ASAP... Without being firmly on the ground, you can't grow roots, and unfortunately, I can't see a future for those people on this platform...
Thanks for the awesome comment!
This post has been selected for upvote from our token accounts by @libertycrypto27! Based on your tags you received upvotes from the following account(s):
- @dhedge.bonus
- @dhedge.leo
- @dhedge.bee
- @dhedge.ctp
- @dhedge.pob
- @dhedge.alive
@libertycrypto27 has 6 vote calls left today.
Hold 10 or more DHEDGE to unlock daily dividends. Hold 100 or more DHEDGE to unlock thread votes. Calling in our curation accounts currently has a minimum holding requirement of 100 DHEDGE. The more DHEDGE you hold, the higher upvote you can call in. Buy DHEDGE on Tribaldex or earn some daily by joining one of our many delegation pools at app.dhedge.cc.
This post was shared and voted inside the discord by the curators team of discovery-it
Join our Community and follow our Curation Trail
Discovery-it is also a Witness, vote for us here
Delegate to us for passive income. Check our 80% fee-back Program
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
So I guess it wouldn't be wise to delegate majority of your stake outside then
I really don't understand why people want to delegate MAJORITY of their stake... The only answer that I could get is GREED... I wouldn't suggest delegating out more than 10-20% of your HivePower...
Just my 2c
Agree, let's all keep appreciating each other and our efforts. No matter how tiny votes seems to be. They do make a difference. Enjoy your trip and happy new you to you !
!PIZZA
Thank you! I will!
I'm glad to see reasonable comments on this post... It gives me hope in HIVE and a healthy view of the community and support among each other!
Happy New Year and all the best!
$PIZZA slices delivered:
@consciouscat(1/5) tipped @ph1102
mimismartypants tipped ph1102
@new.things. Something to read and ponder.
Thanks, Ph1102 for the thoughtful-thoughtprovoking post.
!PIZZA
You are welcome! I hope you found something valuable in the post!
It's quite interesting to see people who delegated out most of their HP. I prefer to keep my HP but that is probably because I am so fixated on trying to get a 5% upvote above the dust threshold. It's going to be a long time before I start delegating out HP but it also means that I have full control of my HP.
Hehehe... I like to read excuses... 😃 They are usually similar to those when people say... "we are here for the technology" 🤣
IMO, as I said many times, delegating out makes sense, but only if you put some limits to it... and still have the majority of your HP in your control...
!BEER
View or trade
BEER.Hey @ph1102, here is a little bit of
BEERfrom @eii for you. Enjoy it!Did you know that <a href='https://dcity.io/cityyou can use BEER at dCity game to buy cards to rule the world.
Well, I have a little HP and that is why I am currently delegating to only $Zing. If at all, I wish to be left with at least, 800HP in my account so I can engage well.
Also, making money on Hive is cool and that’s if we are dedicated to it
It is important to have something to appreciate others and upvote them... We can't forget that others are supporting us too!! Not just whales, but our friends on this platform...
Great reminder of not to delegate HP too soon. I think it's better to have a sufficient HP to personally curate posts before delegating to other projects. The ecosystems is definitely a two way street and understanding that can be useful on the journey.
It's not just about delegating too soon, or too late... It is about keeping your POWER in your control so that you can spread it where you want... When you decide to delegate out, I would suggest you have some limits on that and stick to it... maybe 10-20% of your total HP, or something like that...
Believe me, you will be tempted by the APRs of some projects... We have these examples many times and many people fall into that trap...
I keep learning about how POWER is important in a decentralized ecosystem, that's one of the reasons why building HP ought to be a priority. The bottom line, is to build, keep and exercise this power instead of delegating most or all of it?
Well, that's my opinion... Everyone has its own opinion about it... I find decentralization and good token distribution as a top priority, and delegating ALL your HivePower is doing the complete opposite of that... It is centralizing power and centralizing token distribution...
Just to clarify, I'm not 100% against HP delegations... There are projects that are worth support, but not with ALL my HP... I try to not go over 10% delegations of my total HP... But, if you check other comments, people have different views about it... and that's fine too...
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
First of all: Guilty as hell for delegating my HP to some project for which I receive shitcoins. Truth be told, I sell those shitcoins immediately after I received them. I think this argument holds: I do good to HIVE since I buy HIVE all the time by selling the shitcoins I receive as a reward LOL (certainly this argument can not stand on its own, but in the land of the one-liners, this argument stands on its own LOL)
Secondly: Fortunately I have some superpowers I use almost every day to reward content and users with a vote value that outpaces my own maximum possible vote value by a factor of at least 10. One you find in your post above as well., You're welcome {WINK}
Thirdly and most importantly: I so much agree with you! Can't stress is too much. But I honestly 100% agree with you. My take: HIVE would work by far the best when we have a setup in which we have the basic blogging tools only. All the rest, shouldn't have entered our ecosystem. All the financial instruments that make all this shizzle possible, shouldn't have been created and made available. This includes almost any tool you can imagine, from HP delegation down, up and sideways to vote followers and whatnot. All these tools make the user lazy. And lazy users aren't going around trying to hand out rewards to those that deserve it, day after day, week after week, month after month, year after year. They find other ways to earn money. Sadly though, such users finding other ways to use their HP, HIVE and whatnot to earn money should never complain IMHO. But they do.
Centralised Curator teams: We have a range of (as you call them: centralised) curator teams. In this respect, I am not in agreement with you. Sure, such curator teams with their superpowers can be perceived as centralised. But I can assure you that some to more of those curator teams don't have a bad setup in how they decide what posts they support. Honestly, it is because of a bunch of these curator teams that the value is spread more across the HIVE community at large. At least, that is what I believe since I don't have good statistics to substantiate such 'belief'. I wonder what HIVE would be when we didn't have all these curator teams. I think HIVE would've been even worse. Yes, you read that right, HIVE is far from being a good place for plenty of users which renders the whole HIVE community far from a good place.
Darn: I wished I could end this long-ass comment on a much more positive note than this write-up seems to have sailed. let's try to take a U-turn here...
NJOY 2024 to the max with lots of pleasure in life, even if this is with or without HIVE ;) Since in the end what matters the most are the relationships we have with people (and animals perhaps), in and (foremost) outside of HIVE in the real world.
I never thought in that way as it would be impossible to have a consensus around it, but I do agree with you... It kind of messed up the "main thing", and it centralized heavily the complete HIVE distribution... Like an idea of helping projects that are doing well has sense, but it is completely tricked by us, humans... as usual... 😃
I would say that we agree on this too, but I think that I didn't explain myself well... Curators are positive for the ecosystem, but there is always ONE person that has the "final-click-ability"... If you check comments on the @hbd.funder account, you will understand what I'm talking about... Curators do their job, the person who clicks on picked posts does a 50% good job and throws the rest of the voting power in the trash bin... That's not what a curation project should be about...
I 100% agree! Just had another mini-meetup today, and will have another one tomorrow :)
Didn't realise this but indeed it is a darn shame curator team votes are wasted. I guess not enough posts that can be voted for. The curator team that I see regularly voting for the funder posts, is the one with quite a bit of rules.
Don't understand why so mucho dollars on the posts whilst the account gets mucho more from the Proposal system anyway redendering the post rewards to pocket money. Better to give all such vote power to content creators and those who engage.
IRL? Superrrrr... Hope you find great pleasure in those.
Well, nope... the opinion is that the reward pool is too big for Hivians, and that's why they are reducing it by voting for those comments...
That's the opinion of who? OCD and all?
Not too mucho posts that deserve kickass rewards/. Though still a whole bunch of users/posts under-rewarded. Something we'll - likely - never be able to balance more.
I think we had already this discussion as it dates from November...
https://peakd.com/hbd/@smooth/hbd-stabilizer-update-november-2023
I agree with you, man. You could use some of your stake to support a project you love. Or you could spend your Hive. Everyone is free to do whatever they want, but if you want to have your own voice, you have to use your stake as your own.
Yup... I don't see any reason why would someone delegate ALL HivePower to someone... the only reason that I can address is pure greed... Delegating part of HP is OK, but that also depends on the reason behind doing it...
It is true that in the beginning there is a lot of problem when there is no HP then neither a person can post nor a person can make his comments. And then now I have been working on this platform for a year and a half but I have to power down my account to meet daily expenses because I don't have a good job right now and this is the reality we have seen. Those who have more HP have delegated the big accounts and give small votes to other people, they should support the small users so that they can stand on their own feet.
That's not how things work at all... It is the way of thinking, not the way of the number of HP...
agree with you, there should be a limit on delegation.
I didn't think about that, but maybe that's not a bad idea at all...
I fully agree with you on this. This is a two-way thing and I don't like it when people delegate most of their HP.
I have set myself a limit of 20% to delegate. That includes support to any project that interests me to get some return, plus community support and delegation prizes I sponsor in HPUD. But I would like when my account grows a little more those delegations to be around 15%.
But anyway, every head is a world and the most we can do is to support those we are in tune with, right?
That's an interesting way of thinking... lowering the percentage of your delegations as your account HP is growing... I like it :)
I like this even more!!! Support those who are in tune!!!
Hehe I like this! Totally agree with you! But not everyone understands, unfortunately.
!LUV
ph1102, relf87 sent you LUV. 🙂 (2/4) tools | trade | connect | daily
Made with LUV by crrdlx.
Yeah, not everyone understands... Maybe we should do what @coquicoin suggested, support others who are in tune with us... :)
Thanks, i will never forgot why i am here.
You will be tempted, believe me... Stay strong! 💪😃
What do you think about having a system whereby the delegation rate is regulated
Someone mentioned in the comment section that maybe that wouldn't be that bad... limiting the percentage that is possible to delegate... It would be an interesting topic to discuss...
Hello ph1102!
It's nice to let you know that your article will take 10th place.
Your post is among 15 Best articles voted 7 days ago by the @hive-lu | King Lucoin Curator by hallmann
You receive 🎖 1.1 unique LUBEST tokens as a reward. You can support Lu world and your curator, then he and you will receive 10x more of the winning token. There is a buyout offer waiting for him on the stock exchange. All you need to do is reblog Daily Report 166 with your winnings.
Buy Lu on the Hive-Engine exchange | World of Lu created by szejq
STOPor to resume write a wordSTART