Recently, I have witnessed an interesting discussion about my favorite topic on HIVE, Hive Power! I don't want to mention names, but it wasn't an "isolated" example, as I had a similar discussion a few weeks ago... One friend of mine told to another friend of mine that he would stop supporting him because he had delegated ALL his Hive Power to different projects and left almost with 0 HP... You need around 100HP to be able to write a post and a few comments every day, but that's not the point of this post...
The point is in the title... Magic Internet money... I heard dozens (if not hundreds) of times people promoting HIVE as a platform where you can write stuff, and you got money from big whales upvoting your content... This isn't a complete lie as some people do earn by doing that, but not the majority of the people... Most people are struggling, building an account for years, to get to the point where they receive solid upvotes... But, this isn't the point of this post either...
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The point is that people think that this is some magic money that comes from nowhere, but that's not the case at all! This money comes from the pool that is shared among the HivePower holders... And when you delegate your HivePower to someone else, you are NOT COUNTED for part of this pool... You have ZERO power over the rewards pool, which makes you insignificant in the eyes of others who do participate in it!
In the case when you delegate OUT your HivePower, someone else is distributing YOUR part of the reward pool, and that someone else is distributing it to the people that THEY found valuable... Usually, those people aren't your friends, or your followers, and not rarely, these big account upvote posts that have zero "content value" to the platform! So, there you are, delegated all your HivePower, waiting for your friend to upvote your content?!? And what did you do? Nothing! You left someone else to upvote posts to you! You left your friends out there alone...
I experimented with one of the people just to show the consequences of that behavior... As he has delegated all his HP, his upvote was valued at $0.01 or even less, instead of 10-20 cents (please don't throw here the excuse of having 2-3c upvotes which isn't worth using... It is!!! 200 upvotes with 3c is $6 in total!)... I do understand that my upvote is much bigger, but it's not the amount that is important, but the percentage and your OWN stake (not delegated out)!!! So, to show the impact, I have upvoted his post with 1c upvote...
The point is, if EVERYONE would do it like that, and chase for bigger APR paid in shittokens, we would have 4-5 big whale curation accounts, completely CENTRALIZED curation, where the small stakeholder wouldn't be "asked" for anything... Isn't that EXACTLY the system from which we escaped and came to HIVE and other cryptocurrencies?? Never forget WHY you are here... And don't forget that others will understand very fast the REASON why you are here, too...
This is not Facebook, IG, or some other Web2 shit social network where you upload your pic and wait for your grandma to upvote to make you feel better... This is a network where you are sharing your life with others, sharing your values, and helping others, but also, REWARD and APPRECIATE others for adding value to YOUR life! Don't try to do ONE without doing the OTHER! It is a two-way street... I appreciate you, you appreciate Peter, Peter appreciates John, etc... That's how the Universe works... The positive effect is multiplying in that way!
Thank you for your time,
~ph~
PS. There will be no #HHHLive show tomorrow (Wednesday) as I'm on the trip at the moment... See you next week!!!
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