I am no expert when it comes to maximizing gains on Hive or anywhere else and in general, I tend to make pretty poor decisions. However, one thing I do understand is the value of compounding and there is far more to it than interest rates and yields. One of the services of my consultancy for example, is facilitating the development of skill clusters that can compound against each other and complement others to compound across the entire organization, with some of the results not being seen for years.
Sound familiar at all?
I might not make great individual decisions, but I consistently make enough good decisions that they are able to largely make up for the poor ones and over time, the results can look pretty good. Am average, but consistently average can be more "rewarding" than occasionally extraordinary and I think that people should spend some time understanding who they are, the skills they possess, the ones they could have and how they can use their potential to compound together for better results.
Learning how all of these things work work in conjunction with each other, will help identify the potential income an value streams, though because most people focus only on the short-term, direct earnings, they tend to miss the actual potential they hold.
For example on Hive, a lot of people look at the post rewards as the value proposition and as such, tend to focus their attention on a very short seven day payout window, who gets what and downvotes. They haven't realized that those things are short gains, not the long game that is actually in play. But, while the short-termers are focusing on the immediacy of their returns or lack thereof, those looking long are seeing how they can use the resources they have available now, to generate value in the future.
These are people who invest and, it isn't just in maximizing "money" gains, it is in developing value in multiple ways and across multiple streams, so that the compounding of activity can take place and inflate the value beyond what each action brings to the table as individual pieces. This is why s many people in the know talk about the importance of engagement on the platform, as it is the way relationships form and develop, as well as a network of how value can be transmitted.
This isn't necessarily in the form of votes on a post, it is about building an informational map that draws valuable content form many corners and into a hub of some sort, whether under a post or, in a social reference group of people who have each other's interests in mind. There are so many aspects to relationship building, but the people who are looking for that 7-day reward, will only go as far as what they think will get them the votes. If the votes don't come, they move on, missing the greater value down the track, which might be indirect value and is "paid" in some other form.
But, just like so many people "don't have enough to invest", many people do not have the time to understand how things actually work, which is why so many end up complaining that the system is broken, because they can't earn what they want here. But, it is like a person saying a car is broken because it doesn't get them from A to B, when they haven't actually put any fuel in it and even if they did, they don't know how to drive.
I think this year, quite a few people have discovered that their "underpaid" work wasn't unpaid at all, it is just that the value of it was delayed. Look at all of the people who were collecting near worthless cards playing Splinterlands and are now able to live off the income they et from playing, selling, staking and renting the value of those same cards. Or, people who earned little bits of Hive and consistently staked it in to earn a bit more on curation, learned about the ecosystem, helped and supported others and used some of what they earned to invest wider and are now, enjoying the bull market.
You don't hear these people complaining about the multiple income streams they have coming in. but you do hear the complaints coming from the people who failed to learn what the real value of Hive is and still today, think it is solely in the value of that payout. These people still think the value of crypto is in being able to sell it for fiat to fund their lives, but have missed that the value of crypto is being able to own and control assets that can generate income for the rest of their lives, whilst still supporting others.
This is one of the funny things with the short thinkers, they tend not to be the ones who are actually able or willing to stake in and support others, even though they expect those that do, to support them. There are stakers and there are takers, but the people who own their stake and the value it can generate soon turn their attention to more valuable courses of action and, very little content on this platform is standalone valuable as it is.
What is valuable is what can be done with the content and the activity that is generated from it, as when people act together, there is the chance of compounding processes to come into effect to inflate the value of the post. The single post might earn x amount, but when 30 people act on it, affect 60 more, who influence 100 more, the value keeps building. And, when people are able to do this consistently and build vast pools of information flow that leads to activity around them, the value generated can be quite impressive.
Just like play-to-earn economies require understanding how to play the game, earning in any environment consistently takes a similar understanding of the ruleset in motion. In a dynamic environment like Hive, that ruleset keeps shifting and there can be multiple in play at any one time, all affecting each other. This means that those who are unable to learn or adapt to change, are going to struggle, even if recently they might have been doing okay.
In any profession, earning depends on how one is able to provide skills consistently and if an industry is changing and a person does not change with it, that earning can stop very sharply. But, humans are complex creatures who can hold multiple skills and keep adding more that can complement and compound with the existing to maintain or increase value over the space of a lifetime.
A post payout today is what it is in the current market, but a year from now, it could be worth something quite different depending on how it is used and, ten years from now, something that no longer resembles even remotely the seed from which it started.
But, no matter how much a person reads and thinks they know, it cannot generate any value until it is transferred into activity. Just like you going to the gym doesn't help me lose weight, I have to take the responsibility for my own conditions and outcomes and act. Then, if I really want to improve my results, I will learn that the gym results will be assisted by a better diet, better sleeping habits and a healthier mind. Knowing that doesn't help though - it needs to be realized through activity.
Some people will get this, some people will complain.
Surround yourself with people and conditions that enable you to be your best, not your worst.
You'll learn a lot and may even earn a bit more.
Taraz
[ Gen1: Hive ]
