One Hive

Having to buy things is a necessity in todays society, it's unavoidable and our lives generally depend on it.

I grow some of my own produce and have skills that others do not and have friends and acquaintances the same which means we have a healthy trade and barter system where goods and services are exchanged and no money changes hands, but inevitably we all need to pay for things with money to sustain life.

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With Cryptocurrency, magic internet money, and Hive specifically, being the new kid on the block as far as currency goes there's a lot of talk about the benefits of using it in the real world and I've been curious to understand what it buys out there in society.

At the time of me writing this post a single Hive was worth $0.20 in US dollars, that's twenty nine Australian cents ($0.29).

Anyway, taking that single Hive and it's twenty nine cent value in my country, I figured I'd come up with some things it could buy - with just that one single Hive.

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1. A single stamp for a standard letter - Nope, they're $1.50
2. A Chuppa Chup lolly - Nope, they're $0.65 cents
3. A 50g Cadbury chocolate bar - Nope, they're $2.50
4. A small coffee at the coffee shop - Nope, they're $4.50 to $5.50
5. A banana - Nope, they're $0.68 cents
6. A litre of milk - Nope, that's $1.55
7. An egg (one) - Nope, that's $0.45 cents
8. A loaf of bread - Nope, that's $4.50 to $7.00
9. Fucken hell, I'm struggling here huh?
10. A single headache tablet (Panadol) - Nope, that would be $0.32 cents

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I think you get the point, a single Hive in Australia at the Australian dollar value of $0.29 cents buys nothing. Of course, a whole pile of them would buy something, but for the purpose of this post I'd like to focus on one single Hive converted to fiat currency.

What does one single Hive buy in today's money in your location

I'll ask you to be specific like I've done, maybe list two or three everyday items like I've done above and if things don't come as singles like eggs or headache pills just take the total value of the item and divide it down by the number in the box and list the price one single one would cost.

But why?

Well, the point of this post is to demonstrate that one single Hive in the real world probably means very little in the grand scheme of things no matter where a person is. I understand that there's countries in which $0.20 cents (USD) may indeed buy something but is it something a person could actually go without from time to time, say once a week? I wonder.

The reason I say this is that in time that one single Hive could be worth much more than twenty cents, like when it went to over $3.00 USD. Now, that's an amount that could have some real benefit in the real world and it transforms many of those nopes on that list above to yeps.

It's for this reason I urge people to power up their Hive, even a small percentage like 10% of anything they remove into the real world, as an investment in the potential future. Not only that, but it also means one's curation rewards are larger through having a larger stake...and it also means that when I check wallets prior to voting on a person I will see power ups, not just extractions and that'll mean an upvote rather than no vote from me.

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That's it...your turn if you'd like to comment.