I just read a post from a new onboarded user by someone. I read the introduction post, "Hive will help me financially to earn some income"
I think we have to stop thinking of Hive as your full-time job, we shouldn't promote it as a job but a decentralized social media.
I think of it as earning my stake, my power, my ownership, my voice. I've never thought of my earnings as income, but rather as a way of converting my time and passion for tokens to stake and save,
That's a very good mindset, man! I do the same. Sometimes I do cash out as well, but not everytime. I consider it as my long-term investment and a hobby.
A few years ago, I would cash out my Hive position to swap for more DEC and SPS to buy Splinterlands assets. In a way, my funds never left the Hive Blockchain.
But now I leave everything earned as HP and HBD to watch my stake grow larger every day!
Good for you, right now — I tried to power down (for the first time), but I have no plans to cash out or withdraw. I wait to HIVE go higher, sell some, then buy when the price go back to 20 cents. By that time, I would power up everything again. My main goal is to accumulate more
But we do not get to control what people THINK. There is no central authority to tell people what they can and cannot use Hive for. The minute that exists, Hive is OVER, much less us trying to dictate what they THINK -- these are HUMAN BEINGS. We are not aspiring dictators, are we?
Well, we are all owners and should think like owners. This is definitely a good conversation to have. Can Hive support a user base that is 80% frequent extractors? Probably not, but it's a good thing that most of us stack and stake more than we take.
Everyone who comes in is an owner also, and can do what they wish with what they own, REMEMBER? If there is an owner's association with rules, perhaps we should let people know coming in. That's fair. Classing people as "extractors" who do not know is not.
There is no owners association. Just a bunch of owners including new users. And yes everyone can do what they wish with what they own. I use the term extractors as a descriptive term not derogatory. Most of us intend to extract at some point.
I guess another point and why I think this is a good conversation to have, is that new users should realize that people can do with their stake as they wish and it is good for them to build their stake as well in order to have a greater voice.
I know there is no owners' association -- THAT'S MY POINT. Meanwhile, you are not the only one using the term "extractors," and there are literally people building "enemies' lists" and tracking each and every one of us for downvotes based on a metric they are not sharing with us.
"Extractors," "milkers," "leeches" -- the terms change, but they are out here to have us feeling superior and ignoring the humanity of fellow Hivers who are trying to survive -- to have us consent to DEHUMANIZE THEM.
Look, I can't speak for anyone else, but nowhere in this conversation have I demonized or dehumanized anybody. Nor have I asked anybody to consent to anything. All I've said is that it's good to have conversations about extracting.
No, you haven't ... but I hope you think about where on Hive you adopted that language from. I am an investor in crypto, and specifically in Hive. I take profit at appropriate time, according to my wishes. That's AFFIRMING language of my freedom.
You are responsible for your own perception. I explained exactly how I used the term.
How is it that we cannot talk EVERYONE here and use freedom-affirming language about THEIR CHOICES?
We all have freedom here as stated near the beginning of our conversation. Do I need to affirm your freedom in order for it to be so? Not anymore than I need to affirm the freedom of those you said are building "enemies lists". Freedom is acknowledged and established as fact.
Furthermore, we know where the inflation is coming from. Dalz's data settled this -- it's big accounts, not small ones. https://peakd.com/hive-133987/@dalz/what-is-causing-the-additional-hive-inflation-in-the-last-months-where-does-it-comes-from
Inflation is kind of irrelevant to this conversation, but HBD stabilization is a good thing. Inflation will decrease over time as mandated by the code. Users like us and certainly new users have virtually no effect on inflation.
So then we need not talk about the "80 percent extractors" ... that's not what is causing the rises and falls in value.
Well, I would agree. We are decentralized after all. But at some point, we can't be sustainable if most of the users extract everything, it's fine but maybe not all the time.
Yes, but do we even know if this is the case?
Again, people do not know what the expectations are, so, who is responsible for that?
Fair enough ... but do THEY KNOW? I've been around almost six years. Hive's predecessor was marketed to me as "Write. Earn crypto!" That is the legacy. Now, I come as a whole professional journalist, performing artist, and investor -- I know you have to build. But do most?
In order to solve this, we're going to have to be honest about who is already here, and why, so we can give a united message different from the ORIGINAL LEGACY MESSAGE. We can't assume people are going to know what we have never told them.
Why not both. 🤷♂
Seriously though I think it depends on the person, their needs/wants and where they live. What works for one person won't work for another. I think you better do your research though before quitting your day job to Hive all day long.😀
Agree, I do the same as well and not to be hypocrite, I also do some cash out my HIVE and HBD...but I don't extract everything and treating it like a job.
I do have other side-hustle.
Definitely. It would never be a full time job for me. I have taken a bit out here and there also. For me it is mostly about building an investment that will be passed along to my kids. If it hits $3,$5 or $10 though I might set up a monthly withdrawal for myself. 🤑
If it hits $3,$5 or $10 though I might set up a monthly withdrawal for myself. 🤑
When though? Haha! Maybe soon, as we decrease the inflation each year (correct me if i am wrong).
Mostly just wishful thinking on my part. I am not much of a prognosticator when it comes to where the market is going. :)
It could be a work if you are a whale, but make it sustainable like. Buy some as well not puro sell 😆
This thinking is too dangerous for anyone, especially newcomers. They have to explain that hive is a long-term investment and shouldn't be considered as an official "job" that will bring in tons of money.
Yes, man! It could be a side-hustle and a hobby at the same time. I just love hanging out with other users here:)
In this way, it's just a hobby that can work out very well for some people and be just a second source of income (nothing too incredible) as it is for me, but I'm struggling to get more and more out of it haha 😅
Do you generate income by creating content on Hive?
Is this income 10 times higher than what a job in your country can offer you?
Based on these answers, it is not unreasonable to say that "Hive will help you with extra income".
It's still a job, that's what I mean. And for very few it will be a hobby, there is always a purpose beyond that.
this guy might graduated in elementary. we should understand the situation if this is the case.
That's the beauty of Hive - it funds projects while also providing a living for creators.
I'm not worried about people selling Hive.
My concern is that fewer people will buy it.
My concern is that fewer people will buy it.
For real, not sure if everyone is selling than buying. But if that's the case, we're fucked.
If in case that people will sell so much until we drop below $0.10 then it will be a good opportunity for me to buy as much as I can 😁
This is a reality that may become real someday, but until then, it takes a lot of work to reach that level (something that many newbies can't or simply don't want to understand).
Agree, Hive can be a form of work — no doubts about it. But it takes a lot of time and money to make it work and small accounts can't do that if they will extract everything.
Indeed.
Hive is a game that needs to be played right to be a winner for long.
I agree with you. Nevertheless, I also think that especially people from regions where you receive a low income and where the cost of living is low CAN build up a stable income on Hive.