I was certain that my road map ahead was cemented...
My journey on Hive would go something like this, show up every day, create content, engage with others, add value as much as I could, and keep building! The by-product of this was the rewards you received for putting in the work. And then came the exciting part, choosing what to do with them once you got them in your wallet.
When I first started on the blockchain, the decision was pretty easy for me. I wrote down what I called the 5-500-5000 formula, and was laid out like this. Engage with 5 different people every day, which would eventually lead to 500 followers. If I was consistent, this would trickle down into 5000 Hive Power because of the value I was giving to the chain.
So the decision was...Focus on growing my Hive Power at first!
And then the HBD Savings showed up last year and it kind of flipped everything on it's head for a lot of us.
Thankfully, you can choose to get your rewards in a 50/50 split, meaning you kill two birds with one stone. Half of your rewards goes to your Hive Power and then other half is sent to you in liquid HBD.
So over the past year or so, I've been on that 50/50 train! Because I want to grow my Hive Power and help distribute the token as much as I can, but here's the kicker...
20% APR!
That's so sexy lol It's given me a new 'formula' of sorts to focus on growing my HBD Savings by at least 60 HBD a week. Because at 20% APR< that means every 60 HBD you have in savings, turns into 1 HBD in residual monthly income.
Stack that HBD!
Do you know what I love about this blockchain?
When you get challenge on how you view certain features of Hive. And it came from a conversation on Twitter by @elmerlin the creator and founder of
@liketu
This was a gut check!
When we focus on Hive Power, we are truly, contributing to the long term success of Hive. The 13 week power down, kind of puts our money where our mouth is. Like Elmer stated, when you focus on Hive Power, you accept the market volatility, and you (hopefully) want the best for Hive going forward.
Now yes, a 13 week powerdown may hinder potential investors to look at Hive, but right now I still believe this blockchain is in the building phase. Right now, the effort we put in might not be the huge pay check we all expect but down the road...
And there in lies the attractiveness of the 20% APR for HBD. That's a return, we are guaranteed right now. Of course, that guarantee can change, but right now, we know that 60 =1.
So what do we do....
For someone who believes in the short term and long term potential of Hive, nothing changes for me. I enjoy the kick back every month for holding HBD but I'm also extremely bullish on the long term potential here as well
And like it was mentioned, right now, we can determine through staked Hive, the direction on which this blockchain goes. I enjoy having an active account here on chain, and contribute as much as I can for the future.
This truly is remarkable, and another reason why I seem to fall in love with Hive more and more each day. We are rewarded right now, in the form of HBD...But we are also helping the growth of the chain and looking towards the future by distributing the token and using it for governance through Hive Power.
Find me another blockchain with that kind of potential....
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