Hive Unit-of-Account Evaporates Once Again
Okay how crazy is that when I find a 4 year old $0 Steemit post when looking for unit-of-account images in Google?
https://peakd.com/steemit/@eddi/the-3-main-functions-of-money
Money is officially meaningless.
Nothing makes sense anymore.
My upvote has gone more than x2 to $20 a pop.
My posts are paying out three digits; even the shitposts.
If Hive can hold these levels I can probably pay for an entire month's worth of expenses from 3 days worth of blog posts and curation. This is great news for me because I was pretty worried that I was going to need to sell the vast majority of my rewards just to quit my job at Amazon. When it rains it pours, and money is raining from the sky right now with no end in sight.
The price of Hive should have dipped from $2 to $1.50 in order to complete the normal blow-off top pattern that we often see. I'm quite convinced the current floor for Hive is around $1.50, and that will not change even if we spike to $15. However, instead of completing the volcano pattern, we've seen another spike to $2.85 and are currently hovering around $2.50. That's crazy, although not super surprising.
The reason Hive can't crash right now is that we have a double airdrop in the pipe. I'm very excited about the NFT PVP game Ragnarok. Theycallmedan is a master theory-crafter, and it's going to be a pretty complex game, which means I can get the edge over all the noobs who aren't doing their research. It's also deflationary (set limit of cards) so I'll be rewarded for jumping in head first on day one without having to worry about being devalued.
On top of that excitement, Theycallmedan is the only developer on Hive who is working for free, and I've been saying for years that this is the future of Hive and crypto in general. Only crypto can monetize a business model that captures no value from the products they create. The legacy economy can not follow this path to freedom.
That means that I am essentially honor bound to heavily support these projects because there is literally no other competition. Gotta put my money where my mouth is. Ragnarok is going to be an HBD sink. All HBD will be sent to @null instead of sent to Dan's pocket, which is another inevitable future that needs to be supported. We must exponentially increase HBD's liquidity (probably with AMM yield farming) on top of constantly destroying HBD to eliminate network debt and boost the value of Hive.
I am a man of modest means, and when I see half a million dollars in my bank account, that's basically 100% fuck-you money. I'm been such a bottom-feeding stingy scrapper for so long that I can't even imagine spending one tenth of that money. That is not a reality I can even envision. Lambos need not apply.
At this point it's all about leveraging the money I have into building more value for everyone. Unlike Dan, who is a hyper-aggressive poker player, I come from the opposite side of the spectrum. I am weak-tight aggressive. This is the ultimate strategy for lowering volatility while still making money. When I try to loosen up I make too many mistakes and inevitably go on tilt. I'm quite certain crypto will be the same.
So I'll be looking for small low-risk investments with potentially high returns. If you saw my witness team, you'd know that I'm already in a damn good position. There are so many people on Hive that are willing to work for peanuts because of how messed up the corporate ladder of the "real world" is. Lots of people out there are willing to take a pay cut to try something different, and those numbers are going to massively inflate as the legacy economy implodes into its own corruption.
Training Grounds
More and more I've been thinking of what needs to happen to make Hive number one. Yeah, you heard me right. Hive will be number one on the market cap. Why? Because I said so, that's why. Like me, Hive has been clawing and scraping for survival, but it won't be long until we are a thriving ecosystem that can scale much much higher than anything ETH has to offer. As for Bitcoin: Bitcoin is irrelevant. Bitcoin is an afterthought. It's not even a store of value; it's a store of security. Bitcoin is only useful in an extremely hostile environment as a hedge against attacks coming from the legacy system.
Gamification of Education
If Hive wants to be #1 (and it will) then the type of infrastructure we require is going to be insane. We need to be training thousands of users all at once to learn how to code. But not only that, we also need graphic designers (probably even more than coders). We need people learning Blender, and inevitably we will probably have to fork Blender (perhaps more than once) to create specialized graphical software that makes more sense in the context of the Hive ecosystem.
But more importantly, people need to get paid. They have to be paid to learn, and they have to be paid even more to deliver product. This entire streamlined process needs to be a thousand times more satisfying than what the soul-sucking legacy corporate ladder has to offer (not a difficult feat). At first, it will not pay much, and new users will only be there because they want something new. But eventually, it will pay more than the legacy economy and there will be many tales of success (much like an MLM/cult; which I also want to create). Once that happens, the tipping point will have been reached, and Hive will ascend past Bitcoin with a flick of the wrist; effortlessly.
All this is not to say that we should dump our Bitcoin.
Any Big Player on Hive that doesn't hold Bitcoin is a fool. What do you think will happen when Hive starts hosting unregulated gambling and undercuts the income of every state lottery in the world? What happens when Hive threatens the very nature of republic governance and replaces it with DPOS (Republic 2.0)? If Bitcoin is a store of security, it would be very very stupid to abandon it right before starting an all out digital war with the legacy economy.
It's all about Bitcoin and Hive.
It's becoming painfully obvious that even Ethereum might not be able to flip Bitcoin at this point. Bitcoin on-chain fees are magnitudes lower than Ethereum at the moment, which means Bitcoin can still scale up and Ethereum can't. ETH is extremely bloated and dozens of EVM chains are popping up to capitalize on the overflow.
Trickle-down, how about trickle-up?
Everything the legacy economy does is exactly the opposite of what it should be doing at this point. Healthcare should obviously be not only free, but extremely high quality. Citizens should be getting paid to diet and exercise so we can keep them out of the hospitals in the first place. Holistic medicines and plant research should be coming out with groundbreaking studies every day, but they don't because "it's not profitable". Wages should be increasing. Passive income should be on the rise. Robots and automation should be taking over. Everyone should be happy with the direction we are headed in. War should be something reserved for the history books.
It's so obvious we are an empire in decline.
The Titanic is sinking, and the MSM is out there saying that the boat being at a 20 degree angle is totally normal.
It's been such a privilege acting like nothing is wrong and playing these stupid fucking instruments when we could have been finding shit that floats and making a life-raft. Seriously, stupid monkeys are stupid. Don't be a stupid monkey. Make a life raft. Hodl on for dear life. Don't jump into ETH, that one is obviously full.
Conclusion
Rant over, and I have shit to do today. This one started pointing out the shock of number going up and ended with the death of the legacy economy. I guess that's a fair enough representation of what I see happening here.
If we want to scale up the Hive lifeboat to a bigger size, we've got a lot of work to do. We don't need more bloggers, that's for damn sure. We need devs and we need artists and graphic designers. We need brainstormers, but more importantly we need a better way to actually pay all these jobs in more fair and objective ways instead of just upvotes/downvotes.
Perhaps even more importantly, learning needs to be not only fun, but also profitable. Let these Ivy-League schools burn. They only offer reputation within the old system and provide a near worthless education. What we need now is people actually trained to do things.
This is the attention economy, and the easiest way to get people's attention? Money. How many people that jumped ship at 10 cents are back at $3? Pretty hilarious honestly. People are ridiculous, but we have to accept that fact and lean into it rather than chastise the inherent irrational programming of the mob. They are like that for very good reasons, and being annoyed by reality isn't going to change it.
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I offered to help and volunteer with the Gamification project since March. Nobody contacted me, so I went along with discovering how the ecosystem works. I'm a world leader on EdTech and a Gamification designer since 2012 but never bragged. I hope you'll get involved in helping meaningful projects in Hive. As for me, I'll stay around for a while while being 99% more active in other decentralized spaces.
There was a gamification of education platform back in the early days of 2018. I don't think it ever really amounted to anything. It was basically like a pay to learn type model. I can't remember the name of it now though. I guess I need to do some reading up on this project by Dan...
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This is something that is very hard to bring to fruition.
It has to generate a lot of value and has to be immune to Sybil attack.
I have some ideas.
For a guy like who work 9 to 5, five days a week and receives a salary less than $230, Hive is like a diamond for me. The reason I didn't cash out a single of my Hive and staking all of it, is the hope and trust I have put into Hive.
Just a few moments ago I was talking to my wife about my Hive Portfolio and how it effect my portfolio if it hits $10. I felt the jubilation in her eyes. It's like more then enough for us here, since I can't save money from my salary.
Sending loves and power to guys like @theycallmedan who are working tirelessly for the future of this platform without any pay. If we have guys like these, I believe we have a bright future.
Kudos to not only @theycallmedan but all other developers and even a single user who bring value to this platform.
Is he actually a dev? I’ve never thought of him as a coder but rather as a strategist and facilitator for lack of a better word.
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Would we say that that someone develops buildings isn't a developer because they never picked up a hammer? Yeah he's not much of a coder but he's pay for things to get built. Very important things.
It seems that the higher a crypto asset goes the more people want it. No one wanted bitcoin at a $1. Hive is an income machine. When people realize this the more they will want it.
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Alright edicted, I'm officially calling it: you have gone mad :)
But that aside, I love your enthusiasm; you are right we need devs and designers and and and
We are now at a point when we can actualy thrive and not just survive and Hive is leading the way :)
Where did you get all that info from Dan's pvp game? I couldn't find anything...
It's in one of the two and a half hour vlogs he did recently :D
HIVE!D
Solid article! Thank You!
Y’all make money seem like just numbers...the amount of numbers I’ve seen here don’t even make me alien to these huge amounts of money anymore even though they aren’t in my account.
I hope to see more discussions about this AMM on Hive.
I’ll gladly choose graphic designing over coding though and it’ll be awesome to botch up my skills to do actual productive meaningful things that’ll contribute to Hive.
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It must amazing that you can cover your monthly expenses just with 3 days of blog posts and curation reward.
I believe one of the most attractive sides of Hive ecosystem is the existence of a stablecoin that keeps Hive as collateral. To be able to ignite the rush into Hive, we should be keeping Hive coins in safe hands via increasing the number of HBD in circulation.
Growing DeFi -> Utility for HBD
Useful HBD -> Locked Hive
Locked Hive -> More attention, liquidity, engagement, money✌
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Its all well and good to have this mindset, but ask yourself an important question. If all that wealth that you can't believe is sitting there in front of your eyes evaporates for good, how are you going to feel.? You might not imagine spending it now or dropping that kind of money into your bank account, but when it disappears you're going to kick yourself, especially since this is the only chance in your life to get rich and get out. Complacency will set in and you'll feel like what can go wrong right? You wont believe it when it all goes systematically wrong, just like now when you cant believe how right it is going. Crypto changes on a dime, im tethering everything in december and January and im out. Capital is capital and capital is survival. There is only a 10x reward in Bitcoin right now for it to be 600k. 10x not really that much. Something else will come down the pike in a couple of years that will make you 1000x gains.
True words my friend! stay safu first.
Thought about this plenty of times.
I'm good.
I'm committed to this platform more than I'm committed to the money.
The money is irrelevant.
Yep…
@jphamer1
This really sinks in:
Yep, time to save for a rainy day.
@
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well you put in the work and now is time to reap some of the benefits, I think it's going to get even better too !
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@edicted bro I am following you from last few years, you are working very hard to make this happen it's really nice to see you are getting results of your years of hard work and dedication
Great post and I hope to see more discussions on this topic. Keep up with the good work boss
I've earned Hive from the current price to .09 and the blockchain runs the same and once they are in my wallet it is impossible to see which hives I earned at what price.
The post USD amount can be deceptive, because you couldn't get that out if you tried.
The most expensive post on the old platform was $45k, but back then the powerdown window was 104 weeks or two years. So none of the Authors that were rolling in the money at that time ever really got that type of money.
I'm glad this will keep you from having to sell.
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Back in old steemit times, my single upvote was $100. I was listening to,,smart'' guys like the author of this post and hold. Stupid me.
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Whomp whomp
ha last week i was joking that "the real flippening was hive and bitcoin" but i wasnt that serious or optimistic..but that's a pipe dream i can dig and it's nice to see someone with bigger bags than me say that😎
Very good article and we definitely have the possibility of going top 10 over time. It won't be easy but we need to scale up the numbers massively from where we sit now. Our advantage is the technology and the community but I think that they go hand in hand.
We badly need more Devs and more projects to complete the eco-system that is steadily growing. We do need the users too as they are the people driving these projects.
Splinterlands became so successful for a few reasons but a big part is the players who had diamond hands and shilled like crazy. The bloggers are the ones all over social media marketing the games and apps to other people. Some of those are Devs that might look closer and see a place to build.
We do need a better way to pay out the Devs and workers than blogging but I don't have a better plan off the top of my head.
One of our selling points for people building apps will be a ready made community to jump in day one from hive and breath life into new projects.
Expanding the overall user base should still be a priority and making it easier to join and use a key priority.
Hopefully haf, makes it easier for Devs to build and the Devs make it easier for users to join.
What a great job! I love to read excellent ideas, if only we all unite in the same thought together we could be a good example working as a team. I love learning and getting rewarded for doing what I love!
I think gamefication is something that we should strive towards. In a way, I used Actifit to make me have at least a set amount of steps everyday. However I do think the push will be slow since people still default back to the things they are use to. Starting to use things like Brave are just the smaller steps towards learning to earn for your activity.
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Have you looked into BBK?
Hive paid me to go to the mountain and found a plants that you could eat, uses as medicine, or simple enjoy the fresh places.
i countinued in this thanks to hive.
by the way if you want to see proyects with slow investment and hight retorn i recomend you a token called.
mintclub,
please review the proyect and when you make the homework come here and told me what do you think about this, i will be waiting for your opinión about this, of course i invest US$1.00 in this and could get a growing about 5000% until this day, in 4 days gate.io could be listed this and the little proyect are parts of the binance labs proyect.
good luck.
Take my 100% vote - this was an incredible read. Thanks!!!
I really would be all into an incentivized platform to develop and sharpen my coding skills, while getting paid at that. I love the way your mind works, and I would love this to be Hive in a year or so
My following isn't near yours, but I sure have enjoyed the growth of my earnings over the last year. I kind of strayed from posting to dev stuff, but am wanting to get back to steady posting and growing connections now that I have scratched that itch a bit. !LOLZ
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Super Impressive, Doordash is becoming something of a waste of time now..
Your post sounds like madness, but analyzing things, we can see that people are already earning hundreds and thousands of hbds, hives, decs, sps, leos daily, and that's today, the near future will be as you describe it.
I never knew ranting is such a big thing for you.
You have done well.
By the way there are some good nuggets in here.
They are so sparsely spread a diamond paw has to read it
all to find them.
!BEER
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View or trade
BEER.Hey @edicted, here is a little bit of
BEERfrom @pouchon for you. Enjoy it!Did you know that you can use BEER at dCity game to **buy dCity NFT cards** to rule the world.
I like it! I thought the price would've dipped more by now, but the pump continues. Yeehaw!
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can't help but chuckle! :)
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Where did you see information about Ragnarok?
Heard about it in the 2 hours 22 minute podcast
I guess I should have marked the time... I'd guess somewhere like 1 hour 44 minutes... i guess i should check
https://peakd.com/hive-181335/@theycallmedan/svmkpvjf
It's at 1:10:30
Thanks!! I am excited.
Best part is …. The steem post was plagiarism!!! Hahaha.
Okay, you've convinced me! I better get busy earning more hive!!! That my friend... upvoted and rehived.
Reality is twisting around us
I'm seeing a lot of posts like this lately that remind me of steemit circa 2017-2018. It's interesting that people are talking about using hive to earn a living when it is only $2-$3, when back then steem was close to $8 😂 Interesting stuff, and I love your attitude!
I stacked up so much at 10 cents that even $1 Hive is enough for me to live off of.
Yeah, the difference back then, most people didn't have enough to sustain their new "career" and were understandably upset when they had to go back to work 😆. I feel (and hope) this time around people will be a little more wise before committing to hive "full time" 😉
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So agree. Totally resonate. Maybe i should start learning Blender.
Thanks for taking the time to share your 2 cents!! ❤
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HIVE has many things. It still has alot to go. Especially the gamification in Hive is helping the coin to move as we expected. I'm planning to get more of it.
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https://twitter.com/shortsegments/status/1465710215882362883?s=20
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Hi @edicted
Hive is pretty amazing right now.
I am going to research this PVP game you mention right now.
There is so much going on right now that I can’t keep up with it all…
But I get by with a little help from my friends!
👍
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https://twitter.com/shortsegments/status/1465710215882362883
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
The monetary value of your HIVE is set on the day you withdraw it, not on the day you earn it. Thinking about the conversion price makes one go bonkers.
I do all of my HIVE calculations in HIVE. It is not until the day that I am ready to withdraw HIVE that I will start thinking of the dollar price.
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I try to not even think like this.
I'm already past this phase.
Rather my Hive is locked forever and it's time to build an entire economy around it that boycotts the dollar altogether.
I am still essentially 100% powered up. I have used HIVE to buy HIVE related things like building a community and buying a punk, but that's it.
Locking down and building an economy are conflicting ideas.
I've been thinking about the question of how one can use HIVE in the real economy? Building an economy around HIVE means using HIVE for real world goods.
The bump in the price of HIVE makes it tempting to think about trading HIVE for real world goods. Of course one has to avoid that type of thought. The worst thing a person on HIVE could do would be to borrow against one's HIVE account.
My hope when I started HIVE was that I could find a way to fund web site development. I might be able to make enough from HIVE next year to pay hosting fees. If HIVE can hold above a dollar, I might be able to pull it off.
#billiondollarhive trending on Twitter
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I'm glad you're not getting all Lambo'y on us. I'd laugh though if you blew past my VW pickup in a Lambo =p.
Off to work.
Thanks!
I would only buy a status symbol if I thought I could bring exponentially more value to Hive than the thing cost. I would sooner buy a Lambo covered in crypto logos and hire someone to Uber in it at a huge loss than I would for personal use.
How many developers/coders feed a blogger? Could one say that a developer, for example, could be compared to the automation of production processes, i.e. a machine that replaces the work of 100 people? (just a random number).
If I understand it correctly, the programmer provides an environment in which the non-programmers then move around and do their operations. The programmer's work would not be of much value without those who populate or use this environment/application he has created. Isn't it the many that feed the few, just as vice versa? It's a two-lane road, passable in both directions.
Transferred to the hive sphere, I am not sure if this calculation is correct. Here, a few seem to feed a few others (I am not judging it right now, just a thesis). The developers/techs/financiers feed the developers/techs/financiers and the bloggers feed on hope? Could it be cynically said that hope must continue to be fed in any case so that the techs can continue to support each other? Are bloggers, therefore, the rank and file who serve the sole purpose of forming some kind of excitement community?
I'm trying to imagine that the field would be cleansed of bloggers, so that the techs would outnumber them. Would the techs be served by such a cleansed environment? Of course, this is an unrealistic notion as I assume that the tech to non-tech ratio will continue to be few to many. To me, it helps to think through such scenarios.
Underlying everything is the valuation of what a person is worth or how "essential" their existence and skills are considered to be. In a technical environment, as on Hive, there is a perceived undervaluing of those who have little or no technical understanding. I see a decoupling of the engineered existences from the non-engineered, with the latter living in an in-between world where they are considered inferior to the techs on the one hand, and inferior to the workers and machines that sustain them (agricultural mass production, harvest workers/cheap labourers) on the other.
One might jump to the conclusion that this middle is a kind of useless mass. But isn't that precisely the promise of modernity? That the many do not have to work hard or dully because automation and mechanisation make their work redundant? Are they then only interesting as single units to the extent that their data is seen as an asset? At least that is how it appears. How is an artist supposed to emerge from such a perceived inferiority?
People are not stupid. They perceive that their lack of talents is disproportionately emphasised in some areas and thus lack inspiration and motivation to rise above themselves. They experience that mediocrity is enough, although there is constant talk of quality, of art, but the effort to seek out someone in the sea of mediocrity cannot itself be automated and requires human effort. In the mass production of content, we then find the self-fulfilment of what is considered to be bad taste on the outside, but which is completely indifferent to the environment once provided, as long as only the thing runs.
What is an artist for you?
We can already see that artists are more supported in crypto than they are in the legacy economy.
Crypto creates abundance and that abundance is overflowing into every sector.
It's my job to create a stable foundation that can support the rest of the structure.
We are monetizing all the things we want to monetize without having to worry about what traditional capitalism has to say about it.
I hope, I did not offend you with my general thoughts here. So I think, it's wise to ad that I appreciate whatever you do to support this structure.
I will check out the artist section a bit more, though my understanding of it may seem a bit odd or unusual.
Greetings and have a good weekend!
It it quite difficult to offend me.
It's always good to challenge the status quo and wonder if we could be doing things better.