I'm Kind of a Big Deal: Yabapmatt scoops 275k Hive; Instant Whale Status

over 2 years ago

So one thing I forgot to mention about my meetup with @yabapmatt is that I talked about how my goal is to become a Hive whale ASAP. If I was a bit better of a trader I'd be there by now but, it is what it is. I'm actually pretty lucky to be where I am now considering the circumstances.

But Matt also wanted to be a Hive whale.

When did we have that conversation?
Like five days ago?

549,754.024 HP

Beep boop Beep boop: Hive whale, lol.

I'm sure Matt feels like this is actually a bit overdue considering how entrenched he is in crypto and this community in general. Still, there are less than what? 40 Hive whales? This is a huge milestone for anyone on the network. Nice nice.

Dirty dirty taker!

Yet another classic example that even at the top, we want what we want when we want it. It appears as though all this Hive was bought off the Bittrex exchange and he may have pumped the price up 4 cents all by himself. After all, Hive is a pretty illiquid market, and Bittrex is even more illiquid than something like Binance. I'm guessing it took hours to buy that much off of Bittrex, needing to wait for people to arbitrage from the bigger Binance pool.

Would it have been more prudent to just set limit buy orders at the current price? Sure, but who wants to wait a week for limit orders to fill? Super lame! Also what happens if the price starts spiking up and they never fill? Then you're just shit out of luck. Gimmit the coins right meow!

The only reason I noticed he became a whale is that our upvotes used to be pretty close to the same size, and now his upvote is more than double. Damn, I was so close! So close, so far. Because that's how we should be framing these things right? As a competition rooted in envy. Yes, that sounds correct.

I'm kind of a big deal!

It's funny but I guess I'm like... famous around here? And that gives me access to all the other famous people like Matt and Dan and the other Dan and Aggroed and Marky and a dozen other devs and Taskmaster and Onealfa and... the list keeps going on. At this point I think I could get an audience with anyone on Hive if I was truly motivated to do so, which is weird considering my nothing-status in 2018. What happens if Hive stops being this Podunk little unknown corner of the Internet? That's kind of the goal, right? Mainstream adoption and all that. Are we ready for that kind of responsibility? Definitively not.

Wait, did I just make this post about me?

Hilarious!

But also look who's buying coins and look who's selling them.

I bought the bulk of my Hive in late 2020 when everyone was flipping out that Bitcoin was mooning and Hive was just trading flat. Those were very low morale days here at Hive. I supported the network at a time when the network needed the most support, and I was greatly rewarded for it. Again Hive finds itself in need of support and people like Matt are running around buying up hundreds of thousands. Pretty cool.

Because it's not just about how much is getting bought, but also who's buying and who's selling. The people selling in Q4 2020 were toxic as shit and I was glad to see them go. Don't let the door hit you on the way out, asshats! Yeah sure, I'll be your exit liquidity, no problem.

So what I'm trying to say here is that non-toxic people that actually give a shit about this place are the ones buying and holding. This is way more important than "decentralization". A network can be decentralized but if most of the people involved are greedy self-serving pieces of garbage, decentralization doesn't matter that much, does it?

I think this is a big piece of the puzzle that most people are not seeing. The goal of decentralization is less corruption and more trust. If 1000 VCs pile into SOL or whatever, that doesn't make the network decentralized, it makes it a ticking time bomb of rich whales looking to extract maximum gains in the shortest period of time. We don't have that on Hive yet, and hopefully we never do, but no promises.

The bottom line here is that we shouldn't celebrate number-go-up no matter what the long-term cost of that short-term gain was. That's a terrible strategy for stabilizing an economy and community. But in the specific case of Matt throwing down like this as a top 20 witness and lead dev of a badass game on Hive... it's really a win-win-win for the network in this particular situation.

Matt wins, the network wins, and I win for taking credit!

Conclusion

Kudos to Matt for pulling the trigger and feeding that lovely lovely unit-bias. If I recall correctly... Whale on Hive requires a billion vests, which I haven't officially checked yet.

Yep, nailed it.

Let's hear it for the number 1 witness during the hostile takeover!