HBIT Hivebits quarter report - Q3 2024

Notes from the past quarter

There was no report since quarter 4 of 2023. The reasons for the lack of reporting was that, first, I (@crrdlx) simply forgot. And secondly, the bots which run things went down. I was unable to figure the problem, grew discouraged, and feared things might not get going again. After some help and a server switch, things got got back to working. So...

1. The most important thing to note is that Hivebits (HBIT), and thus the @Wusang game, is back up and running. Anyone with a Hive account can mine @Hivebits (and play @Wusang in the process). Nothing else is required, just use the HBIT command like !HBIT.

2. You no longer need to reply to yourself. This means a few things:

1. You can use a Hivebits command in any post or comment (it doesn't have to be your own). The reason for the you-must-reply-to-yourself rule and the reason for the switch back from it was detailed here.
2. The 90/10 split is back. When a user invokes the HBIT command, 1.0 HBIT is mined. But, it is split in two. 0.9 goes to the person who invoked the command. 0.1 goes to the person being replied to. This makes HBIT a small tip token. If you want the whole 1.0, just reply to yourself (and that's okay!).
3. Best practice: the best practice for HBIT is to set up your own "HBIT mine" - which is just a post you made for this specific purpose - then reply to it each day with the HBIT command. The purpose of Hivebits from the start was not to be a tip token, but to be a proof-of-effort token. You put in the effort, you earn the reward.

3. Another change is the addition of PeakD badges for the top 25 BLAQ, BLAQGOLD, and BLAQEMRLD holders. Hiver @savvytester suggested this idea, which I think is great. These three @Wusang game tokens now have PeakD badges for the top 25 holders of each. savvytester has kindly offered to help me keep an eye on the top 25, but if you think you deserve a badge, let either of us know.

Numbers

Category	Amount	Note
Ave. daily HBIT emitted	71 (88 last report)	See Graph 1 below.
30 day ave. emitted	25 (14 last qtr)	See Graph 1.
Current circulating supply	80,000 (70,000 last qtr)	See Graph 2. There are currently 71,341 HBIT in the wild and 8,659 held by @Hivebits waiting to be mined.
Wallets that have held HBIT	4,112 (4,026 last qtr)
Wallets holding > 0 HBIT	3,248 (3,203 last qtr)
HBIT Whales	25	HBIT whales are those in the top 25 of HBIT holders. See richlist here. HBIT badge account: @badge-126842. If you feel you should be a whale, please contact @crrdlx.
Current Whale-of-Whales	@fjworld	2nd and 3rd HBIT whales are @good.price and @hannes-stoffel. Check your status on the HBIT richlist.
Number of HBIT emitted without any effort	0	Every HBIT represents some amount of work.
% HBIT released due to users' effort:	100%	Every HBIT represents someone's purposeful effort on the Hive blockchain.

Graph 1 - HBIT emissions

_{Hivebits shared via the HBITbot.}

Graph 2 - circulating supply

_{The circulating supply of HBIT. This is the amount of HBIT minted, but not necessarily in circulation. Most tokens are in Hive wallets, except for those in the @Hivebits account which are on standby waiting to be released when a Hive user calls the HBITbot.}

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Wusang richlist

For fun, let's tip the cap to the Wusang tokens top 3 on the richlist:

• BLAQ - #1 is @fjworld, #2 is @szejq, and #3 is @maksim55555. Check your status here.
• BLAQGOLD - #1 is @fjworld, #2 is @calendars, and #3 is @szejq. Check your status here.
• BLAQEMRLD - #1 is @fjworld, #2 is @good.price, and #3 is @calendars. Check your status here.

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Different

I feel Hivebits/HBIT is different from many tokens and feel this point is worth emphasizing...

Every single HBIT that in someone's wallet exists because someone actually put in conscious effort to mine that coin. Every single one. Zero were airdropped. Zero were given away. Zero were earned through rewards or staking or interest without someone first mining that HBIT. If an HBIT is "out in the wild," it's there because someone took the purposeful effort to dig it out. Just as bitcoin is backed by the code and the work required to mine it, HBIT is backed by the effort required to earn it as well.

History lesson

Hivebits was born on 1/1/2022 and came after its big sister, LUV. Whereas LUV is about giving to others and expecting nothing in return, HBIT is about your effort earning you a reward. It follows the proof-of-work concept that bitcoin established...if you put in the effort, you earn something in return. So, the only way an HBIT gets into a wallet is by someone's purposeful effort, somewhere, at some point on the Hive blockchain. This makes HBIT different.

The intent is to keep Hivebits/HBIT easily available to everyone. To "mine" HBIT, all that is needed is (1.) a Hive account and (2.) to use a command such as !HBIT posted on the Hive blockchain. Simple, your effort, your reward.

Since 9/10/2022, HBIT has been integrated into Wusang: Isle of Blaq. WUSANG is the World's Ultra Simple Asset Numbers Game.

Prior reports:
Quarter 2 2024 - no report
Quarter 1 2024 - no report
Quarter 4 2023
Quarter 3 2023
Quarter 2 2023
Quarter 1 2023
Quarter 4 2022
Quarter 3 2022
Quarter 2 2022
The introduction post is here and the "About" post is here.

written by @crrdlx

EDIT: added some stats and top holders that I'd overlooked initially.

_{HBIT whale badge awarded to the top 25 HBIT holders.}

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• Check your wallet or trade HBIT at: TribalDEX
• Connect to HBIT: Discord, Sting, Matrix, Telegram
• HBIT creator: @crrdlx

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_{I go by @crrdlx or "CR" for short. See all my links or contact info at https://linktr.ee/crrdlx.}