A constant chip on my shoulder

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Hello, SPIer's. It's been at least a year since I had a good old rant. If you do not like swear words, please dont read any further. Now before I get started, please be aware that this rant is something I need to say but it should also be taken with a pinch of salt and as a rant from a guy that spends more time pissing about on HIVE than I like to admit. I love SPinvest 100 times more than you do and will do anything I can do within my limited power to make it succeed. SPI tokens to you are probably just another token on hive-engine but for me, they are more. I've put thousands of hours into this project, I pride myself on what I have done even if that's not alot. SPinvest has become my identity.

Here's something that pisses me off a little, infact here's something that pisses me off alot.

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Why are SPI tokens priced so cheaply on hive-engine?

Why or SPI tokens consistently selling for only 70-90% of their true value? I mean they are fully backed tokens, backed by good investments that are easy to liquidate. The SPI token price is not built on bullshit paper valuations. If I say SPI tokens are worth 4.30 HIVE, they are worth 4.30 HIVE. That means if I sell all our assets within an hour which I could do, everything except for powered up HIVE and some He tokens, I could prob have SPI 65-70% liquidated in 1-2 hours. I mean does that not add value anymore? Do we all want to bullshit make-believe inaccessible paper gains? Have SPI tokens not 5x in the past year? 1.37% per day growth no good anymore? 95% buy back!! Come on, the other thing we can offer is a blowjob hug or pussylick card for your birthday.

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I see most other investment fund style tokens selling at a premium, why not SPI? ever? Is it me? Do I send out bad vibes? Is it too complicated are something? I really dont understand why.

From SPI launched on HE, I noticed the tokens were selling under real value and I used to write posts telling people, "Look, you can literary buy $1 worth of investments for 80 cents". I tried many times with no success, so did taskmaster4450 in his posts and he still does god love him. I gave up and thought, fuck it, im gonna buy them tokens for SPI to use them for weekly dividends and im also gonna buy some for myself cause if nobody wants them at a 10-30% discount, I'll just buy them myself. People moan that SPI tokens should be better distributed, I laugh to myself and faceplant when I see this because SPI tokens have been on discount for over a freaking year. They are on sale right now!! People forget that words are cheap and rarely back what they say.

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You think SPI tokens should be better distributed, put your money where your mouth is. You can get them cheap all the time, here look, i'll show you.

Here is the SPI token prices for the past 16 weeks from the start of year 2 on HIVE.

  • Blueline is HIVE price
  • The orange line is the Dollar price

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Pretty consistently priced at around 4.3 HIVE with the dollar value increasing from a low of $1.15 on week 7 to today's price of $2.37.

Do you know what else is pretty consistent? This view here and seeing people dumping SPI's for less than they are worth.

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That sell order at 4.2 for 574 is spinvest@spinvest. These are tokens I bought for 3.20 HIVE each. I bought them at a 25% discount and list them at a 3% discount from real value. Hey, im a nice guy 馃槝 You see that buy order for 3.2 HIVE?, that's spinvest@spinvest's as well. It was for 100 SPI's yesterday but looks like someone sold out for 75%ish of the true value. I'm pretty glad SPI never really got anywhere with the decentralization front because I would not want these sorts of people in charge of our funds. I mean selling for 75% real value, really? Is SPI that much of the shit token? It hurts my chest, is this what a broken heart feels like?

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Im starting to think it's about time to shake shit up and stop saying im gonna shake shit up, ruffle some feathers and just do what I wanna. I tried to do everything legit from the start, we had a partnership agreement in place which let us be an investment "club" and legally operate in the UK were in from without any need for regulation. It also means individuals are liable for their owns taxes on gains/losses and not SPinvest. This was the plan for ever should the taxman come knocking but lately im thinking why bother? We're only worth around $250k and small fish. Maybe it's time to throw caution to the wind and start rewarding the ones that have helped to build SPinvest into what it is today. Where would these funds come from? and how much? I dont know, Im just thinking out loud at this point but I know it could be done. There's only a small team of 7 people that run everything and it's pretty much been the same people from almost day dot.

Continuing with the shaking of shit, I might consider buying more SPI from HE and just burning them. Maybe keep spinvest@spinvest with a balance of 4000 and burn the fooking rest, send them to hell. I'd bet my last silver bar that if I buy back and burn 10k tokens, demand will increase. If demand does not increase, screw it, your dividends will increase so we cant lose. Are you thinking we can't buy that many back from HE? Easy peasy lemon squeezy. It's been done already. SPinvest had 5000ish SPI as a starting balance when SPI dividends started, we have issued over 6500 SPI tokens since in dividends, burnt 5600 a few weeks back and still have just over 4000 in the HE wallet and a sell order for 570 on the market. 12k bought back without trying in the past year.

Anyways, im not really pissed off that much anymore. I think I got it all out of me, I actually feel like deleting this post and starting again with something wholesome but I've put too much time into this already and I cant start again. I need to get a post out, it's my day and this is what I came up with. Im sorry. Im not really that sorry as I still hit the upload button.

Final Note

Big shout out to all the people that have sold SPI tokens at a 10-30% discount on hive-engine over the past 16 months. You have helped with SPI's growth because SPI can buy tokens at a 20% discount and then issue them as weekly dividends at full value. This has actually saved spinvest@spinvest over 8.2k HIVE in 16 months so you know?...thanks for that.

ps,
The shit I said that would shook will probably not get shaken. That was all part of the rant, im not deleting it, it's already out there and I like a word count of over 1000. Shit will get shaken some day (probably)

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A constant chip on my shoulder | Ecency