🚀Hey 🤑Hey 😎Hey!
How are you, peeps? Hopefully all well, even during these COVID prolonged and never-ending times. So far, being out on an isolated island has paid off quite a lot... is it a perk or a curse? Yeah... I can't go anywhere without having to consider isolation when returning back or possibly not even being able to return... but on the other side, being here is a heck of peaceful life! 😉 Sometimes is good to see both sides of the coin!
Spoiling an 💡idea, maybe... 🤔
Just been thinking about more reasons for people to get into HIVE lately and how to make those reasons also attached to a reason that would bring value first and then anything of what is usually the "This is the Way!" kind of reasons.
So, is there anyone already offering a service where you can delegate HIVE (or pay HIVE/HBD) to lease resources on other blockchains (where blockchains allow, like WAX/EOS for example)?
I can't find it if there is, and one of the f.ups of EOS for example is the extreme price of CPU cost for anyone to even give it a good try for a couple of months. Even businesses or startups would have difficulty on testing stuff on the main chain. WAX is going on the same path, plus all the other derivated chains for that matter. There are other Blockchains that will fall under the same bucket but on different scales. So, why not?
Is it an 🤑opportunity or a 😈menace for HIVE?
Things have to be put into perspective, which is... delegation would need to generate a profit of course. And normal HIVE/HBD paid, would need to be balanced with an escrow of some kind for people to be (and feel) safe using it.
Focusing on the delegation option (which is the one I am going to offer here, as a trial), this can become a controversial situation because associated with the delegation on a central account, comes the usual fact that "what that account is doing" becomes more important and hence at stake from what the community perceives of it. Hence profit becomes dependent... on the other side, if used accordingly, it is of great value for both the community and the ones taking responsibility for that account.
I am going to give it a 🤯shot!
Please comment, disagree, agree! Feedback is going to be helpful for me and possibly others mining my idea/suggestion.
👇 😜 👇 🤑 👇 😎 👇 😁 👇 😍 👇 🤩 👇
WAX ♨️CPU or 🕸️NET 💸Lease
Because I am a games guy, I obviously wanna empower that community. So, I am going to, for now, use the WAX blockchain as a test case.
Please be aware that your request might take a bit of time to be manually processed, especially because I might need to buy more WAX to satisfy your request. So, let's not (for now) go above 100 WAX of lease requests. To best suit, the purpose of not wasting your time, contact me first on Discord for the best timing on the delegations.
HIVE 🤝Delegation "Price"
Only accepting these for now, for simplicity. So, HIVE is more or less 2x the price of WAX, so lets say I will offer (adjustable if needed over time, if HIVE or WAX change value) 50% discount on the price it would take you to buy directly WAX using HIVE.
If HIVE is at 1$ and WAX at 0.5$, then for 100 WAX CPU delegation you will need to delegate to @forykw (me) 25$ worth in HIVE (in this example, 25 HIVE).
How to initiate
Send me a memo (encrypted if you wish) transfer of any price (I will return it upon confirmation) with the amount of WAX (CPU or NET, or both) and the respective account that will be receiving it, along with the account that will be doing the delegation of HIVE to @forykw.
I will then refund you with what you sent and reply back on the memo if I can proceed with the lease agreement and how much HIVE you need to delegate if you wish to go ahead with it.
How to adjust
Not that I expect to reach this phase, but if so, send me another memo, with the adjustment and I will reply back via memo again (same process as above).
How to cancel
At any time you wish to cancel the deal, just remove the delegation and let me know (until this automatic) and I will undelegate the WAX too, canceling the lease effectively.
Note that on HIVE the delegation takes 7 days to return, and on WAX it takes 3 days only. So this is actually beneficial for HIVE and will protect (slightly) against bad users.
👆 😜 👆 🤑 👆 😎 👆 😁 👆 😍 👆 🤩 👆
What are the potential benefits for HIVE?
This is what makes me spoil the idea mainly... because I know there are there already enough quality developers to forge something like this very quickly at a moderate time of implementation cost. I can guarantee I would be a user, even being the one to experiment with it... at least with EOS I would use if 100% sure!
Normally when someone wants to use or try something, they usually use what more stable to try it. Usually (in the past) FIAT! If we speak in terms of crypto, then these will be either stable coins or crypto that is very stable over time, like HIVE for example.
If allied to the above fact we join the factor people would not like to sell it for its valued price, because there are too many benefits to hold it, staking it (for extra powers) and then using them as appropriate, then this would bring for sure increased value for HIVE.
I want to tackle that, even if I am (here) focusing on the delegation part of it (because I already see something in the future I can't talk about it right now), this is not just the only benefit. If using payments, then the value is potentially translated into volume, because it will flow between re-investing it to provide more service capacity.
Either way, it will also unite more blockchains which is another big opportunity for ANY blockchain community. The more an effort is integrated nowadays, the more it benefits from social interactivity.
There you go!
Give it a try or not 🤷♂️, either way, this is just the beginning.
Have fun, good luck on all the gaming, and lots of teaching "how to play" to new players.
🤝 Twitter - @forkyishere 😈 (@forykw dark side)
In addition, if you are looking for a nice place to either reach out, share or just have a great time, come along to @atexoras.pub gatherings. We welcome everyone on the HIVE blockchain.
👉 @forykw is running 😎 @atexoras.witness
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