RE: RE: Hello HIVE we are Kansas City Web3!
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RE: Hello HIVE we are Kansas City Web3!

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4y

Welcome to HIVE.

I lived for a bit in a state South of Kansas where I learned that Kansas City was always up to date. I am now two state West of you.

HIVE is a social media platform built on the HIVE blockchain. The blockchain uses interest on HIVE crypto currency to reward posts. There are numerous sites which interface with the blockchain.

HiveBlocks.com is a blockchain explorer. It shows all all raw transactions on the blockchain. This is your page. I like to look at the raw transactions:

https://hiveblocks.com/@kcweb3

One needs HIVE POWER to post on HIVE. If you look at your page; you will see that you have 0 HP and no resources. I am assuming that you are Web3.0 Savvy. The best way to solve this problem is to buy HIVE, transfer it to your account and power up that HIVE.

Tokenomics of HIVE

The post rewards come from interest on HIVE POWER. I have just over 5000 HP. My upvote is worth about 0.244 . Half of the reward goes to the author of the post and half back to me for curating. I get about 0.12 each time I upvote. The post I curate gets 0.12

An upvote consumes 2% of my voting power. Voting power regenerates at 20% a day. In other words, I get 10 posts a day worth 2.4 . 2.4 * 365 = 89 . So, I am getting about 17% interest on my 5000 HIVE investment.

You can't lose HIVE; however the price of HIVE fluctuates on the market. The price of HIVE just took a major nose dive. It might fall further.

When you power up HIVE it puts a temporary lock on you money. Powering down involves 12 transactions over 13 weeks.

The minimum HIVE payout is 0.001 HIVE. One needs to have about 50 HP before one start getting the curation rewards.

Key Security

Your keys are worth money. If you lose your keys you lose your money. The smart move is to make a back up of you keys. I put my backup in an encrypted file in a hidden directory on a remote server. Some people print their keys and put the print out in a safe deposit box.

You should avoid sharing your keys. Here is the problem. You need your keys to log into sites. Hive Keychain, Hive Signer and and new tech called HaS help solve this problem. HiveSigner is a web site that implements Oauth. You give your keys to HiveSigner and set up a short password. Their system will authenticate Hive-Transactions without giving your key to the third party.

Hive Keychain is an browser extension object for Hive. They have versions for Chrome and Apple. You install the keychain, give the chain your keys and a short password, you can then log into sites with the keychain. I haven't tried HaS yet.

Third Party Sites

There are several hundred sites that use Hive. I started a list on Internet Rivers . There are numerous interfaces to HIVE. Some of these interfaces supplement HIVE rewards with alt-coins which are on the HIVE-Engine blockchain.

There are three interfaces to Hive-Engine

https://hive-engine.com

https://tribaldex.com/wallet/

and https://leodex.com/wallet

There are numerous fun commands. For example !hivebits should put some HBIT tokens in your HE wallet. Users can call the command once a day. The !BEER command should add a BEER in your wallet as well. HIVEBITS works for everyone. One needs a case of BEER before the BEER command works.

!hivebits
!beer