I realize the price has affected a lot of people badly, especially many who rely on hive to help them out economically. I still didn't expect some people to act the way they do and furthermore who's acting that way was also quite a surprise.
Now I'm going to say the obvious, and I realize some may just be pointing this one out cause it's an easy thing as they may have no idea about the chain and peolpe involved. KE doesn't mean much.
For starters, it's super easy to cheat, just powerdown other accounts and stake them all into one account, or delegate to another account for returns and power those returns up, or just wait for HP APR to outweigh the KE. In theory mine should be a lot worse than 1.48 I'm at right now, but my point is more about the user and what they're doing rather than looking at one number and judging them by it.
"this obvious abuser cares more about hive than you cause he has a lower KE" I was told today, which was quite funny but not surprising.
I could go on about the countless hours I've put into hive, the countless projects I've supported with my hive/delegations or the countless projects I've started and successfully ran for many years (which does affect your KE just FYI), but I don't think it's worth discussing things with certain people who are determined to judge you by something as simple as KE.
Something I think that does matter however, is what your KE is going to be longterm.
We all know how hive's inflation works and can somewhat anticipate it, not counting how hbd conversions/dhf affect it, either by inflating or deflating it when things are looking greener as we've also seen a couple years happen.
Recently I decided to take a loss in a project I had invested hive in a few years ago, quick maths guestimation would be roughly 40-50k hive invested at 20-30cents each. Dunno, it recovered a little bit price wise but it's been such a long wait and forever that it stayed low that it felt like I need to remove some risk from it now as I'm unsure about its future. These things happen. Especially on a chain where the native token isn't doing too well either. Doesn't mean I'm angry about it not having done better, it was my own decision to invest and risk a good amount of hive on it. The thing I don't regret however is that I did get involved and I wish more people would with what they can afford (and not like me, investing more than I should have), because it's a sign of support. So I do not regret delegating to that project for a long time as well as buying up their tokens as they were dumping for many months and I'm glad I managed to get some hive out of it because I wanted to, once again, invest more in my own tokens (Zing).
Now that's been a project that's been eating most of my Hive like crazy over the years, and in many ways.
These are things KE won't really tell you.
Does that mean I care less about hive?
A project that's built on hive, hoping to retain and onboard more players to hive, with some potential seeing that other games on hive have managed to bring a lot of attention to this chain in the past.
Now I know that I'm pretty much locking up Hive when i buy zing, the idea that I'd sell zing isn't really something I consider anytime soon because it's a very longterm project for me, same as Hive itself. This means a few things and most of them hurt my finances.
I have to sell hive to help fund the project at very low prices, this can some times mean weeks if not months of inflation rewards. That hive is gone and won't get me curation rewards/stack for higher rewards over time while inflation rewards are dwindling. Hive is on big exchanges whereas Zing isn't and who knows when it'll ever get on them, furthermore people would judge the project if they saw the founder unstaking his holdings to try time the market or something even if he planned on buying back on the dip just to maybe get some of his hive back, so it's not something I've really considered. Even though we launched the token fairly and everyone was able to earn it at the same time with delegation rewards as well as other ways, people will still judge you for it and not care what your plans are. Not even need to mention what it'd look like if a major stakeholder would start an unstake, or that most people may not realize I've bought those tokens fair and square when they get into the project later, it's definitely not a good look if you don't know the history seeing the founder having 150m+ zing out of the ~500m existing.
Yes, I could've created anon accounts to hide my holdings, but I don't really play hive that way, I've been straight forward about my plans and that I won't give up on the project as I usually am quite stubborn to keep projects alive since it feels like a loss for hive to let them die. I've also been straight forward about funding issues we've had and whoever paid attention may have noticed the periods I wasn't able to buy zing because I had to buy products since the latter directly funds the project while the former doesn't. Smart players could've gotten in at good prices and taken advantage of my late investments but that still doesn't matter much to me because I'm here for the long game.
Either way, I think I may have spent well over 60% of my HP holdings on my own projects over the years, which I guess would bring me down under 1 KE, which still would mean I've sold more than I've bought because I haven't really been great at timing the market or wanting to sell too much at once due to irl reasons. But being told by someone who randomly pops up and is active again after they bought $1k worth of hive that I don't care about hive sure does take the cake in admitting you have no idea about this chain and the people around here. Guess it wasn't enough that the biggest stakeholder told them they're being quite moronic in another irrelevant post.
I do wonder sometimes if people take a moment to think about how it must be to be in another person's shoes at times, I know I don't do it often enough myself and I appreciate some who tell me to check myself at times rather than being yes-men all over the place. I'm sure you could imagine if you're a dev and you get active in say the ethereum ecosystem and starting out you'd start judging stakeholders based on their current holdings rather than the things they've worked on and accomplished over the years - it'd be quite embarrassing to proclaim these things on an immutable and public blockchain to say the least. Maybe I'm the one being a moron just getting baited again like usual to this new way of driving attention to yourself by being edgy towards others.
The day I stop caring about hive I think you'll be able to easily tell, it'll most likely start with me quitting manual curation.
