| Edicted | Activity https://www.bitcoinmyk.com/members/edicted/activity/ Activity feed for Edicted. Wed, 13 May 2026 15:22:17 +0000 https://buddypress.org/?v= en 30 hourly 2 2f9ec40e04dd9cfe31c9c9c994a77fab Tribalism at its finest. In the Poconos, where I live, there's a fun little thing I've learned about state pride in Pennsylvania. Apparently, because PA does not require license plates to be on the front of the car, everyone from out of state is a "front plater". This is an othering statement of a condescending nature. Damn front platers being front platers again. If you've got a license plate on the front of your car you are not welcome here. Just kidding you totally are... this is a tourist destination after all. However, cars that are out of state are simply not trusted on the road as much, and when someone drives like an idiot this playful slur is often used. Example: A few months back my girlfriend saw a social media post about this gay guy from New York who was in the Poconos and admittedly made an uncouth maneuver on the road. Someone rolled down their window, shook their fist, and yelled, "Get out of the Poconos, ya dirty front plater!" And so this guy from New York, having never heard this slur before, went online to ask if it was somehow some kind of slur against gay people that he had somehow never heard of before. Of course people are in the comments chuckling about it explaining that it just means you have a license plate on the front of your car. Classic example of when trying to play the victim fails. He basically told on himself because everyone knew he must have done something stupid on the road to warrant such a response, then he had to admit that's exactly what happened. Are drivers in Pennsylvania actually better? This is my personal experience, yes, and it's not even a question. Pennsylvania drivers are objectively better drivers on average. I've lived in California and Oregon before heading to the East Coast, and I can testify first hand that the average person is just a complete idiot on the road with zero self awareness and infinite self-importance. That statement applies to pretty much every place I've traveled to as well. I'm not a well traveled person so I'm sure there's some random country that puts PA drivers to shame but thus far I'm not aware of such a place. image.png Population matters My theory has always been that people go insane in higher population locations. Humans were never meant to be crammed into cities like sardines, but that's exactly what happened due to convenient logistics. Hopefully one day we can decentralize the population in addition to the money. That being said PA only has a total population of 13M peeps. I lived half an hour away from San Jose in California... and that city alone has a population of 1M. Los Angeles has a population of 4M. Once you get into these areas people turn into absolute lunatics on the road. Los Angeles has potentially the worst and most aggressive drivers in the world. I've talked to many people who are literally afraid to drive a car there because of how it is. Closer to home: I live on the border of both New York and New Jersey. I can be in New Jersey within 30 minutes and I could be in New York City is less than 2 hours. Both are wildly overpopulated. New Jersey is the most densely populated state in the U.S., with approximately 1,291 to 1,292 people per square mile as of 2024 estimates I never thought I see crazier drivers than the ones in LA, but hot damn NJ drivers are in an entirely different league. I remember one time in high school my next door neighbors had a niece from New Jersey who was in town visiting randomly... and she was TERRIFIED of crossing the street. None of us understood what she was on about, but she was the most careful person ever when walking across a road. This was like serious business. Now that I've seen NJ license plates and have been to their fair state, I now understand. The-Red-Car-Theory-2024.jpg The silver lining I will say one nice thing about New Jersey drivers: they are probably the best drivers in the world on a technical level. Amazing perception and situational awareness. Unfortunately they use their superpowers for evil and cannot be trusted. This one time I was in the passenger seat of someone's car who shall remain nameless because they drive like a grandma and I'd rather not call them out directly. In any case we're in New Jersey and this guy stops in front of us and turns on his blinker... he wants to parallel park right next to us... but there simply is not enough room and we can't back up because there's a car behind us. This guy did not care; zero-fucks-mode activated. With like 1 inch of clearance on each side of his car (our car and a car already parked) he proceeds to perfectly thread the needle and park his car in the spot while also maintaining eye contact with us as if to say, "Yeah this is so easy I don't even have to look at what I'm doing." It was the craziest thing I've ever see someone do with such deadpan [seemingly deserved] confidence. Shortly after this we were running out of gas and needed to fill up but our nameless driver was afraid to even get out of the car because it was not a great part of town. I will admit it was a bit sketchy. Luckily I had the wherewithal to inform her that you aren't actually allowed to pump your own gas in NJ (same in Oregon). Everything is legally full service to "create jobs", but that's another topic entirely. New York divers While NJ drivers are complete psycho lunatics, NY drivers are more the classic assholes that I was used to in southern California. Constantly self serving. Following too closely. Never using a blinker. Cutting people off. Etc etc. Nothing out of the ordinary. It's also a mixed bag because almost half of the population of New York lives in the city at an astounding 9M 'souls'. Anything outside the city is pretty chill, but a lot of tourists in the Poconos are obviously direct from the city because of the short distance, so we get a lot of rich entitled pretentious city-folk fart sniffers. dumb cop.jpg Police enforcement. Police in the Poconos are awesome because they do not mess with the locals ever. I have never been pulled over here or even had a cop behind me. All the backroads that locals use and are constantly speeding on? You'll never see a cop trying to hand out a ticket. Rather, due to the nature of the tourist trap it's always the front platers doing stupid stuff and getting a ticket for it. Not that I really have any respect for police but it's nice they ignore me here. The best is when you see some idiot piling up snow on the top of his car to take it back home with them. Yeah that's super dangerous if you stop too fast it will all fall on the windshield and completely blind you. Don't do it, dummy. PA drivers Some things that set apart the average PA drivers from the rest is that they just do basic considerate things like, I don't know, use their blinker when they turn or change lanes. Well over more than half of the people in California do not ever use their blinker. In fact using it can be dangerous because some idiot will speed up just to try and stop you from changing lanes. This is why we can't have nice things. The main thing that PA drivers do around here that sets them apart is flashing high beams to signal to an uncontrolled left that it's safe to turn in front of them. In more populous states this is often something only big rigs will do for each other. Speaking of big rigs, people actually stay well out of range of their wide turns and allow them to maneuver freely without having to stress out. Have you ever driven in one of those things? It's pretty gnarly driving ten feet off the ground not even being able to see the road you're driving on. Several times I've also participated in a trend here where you drive in between two lanes to stop people from cutting in line on a merge. Again those behaviors are not very common in higher pop areas where it can lead to road rage and entitled pouting. Weird tragedy of the commons flavor The 'funny' thing about people driving better in low populated areas is that high populated areas is exactly when competent driving would really help the situation. Traffic and impatience leads people to perform more selfish acts that ironically makes the situation exponentially worse. It's honestly somewhat of a weird downward spiral flywheel that should be studied in a psychology class. Conclusion Never trust a front plater. Every time I pick someone up from the Newark Liberty International Airport in New Jersey I warn them that they are about to see someone do something absolutely batshit crazy on the road. And we are never disappointed. https://www.bitcoinmyk.com/activity/p/11116/ Mon, 23 Feb 2026 20:45:27 +0000

Tribalism at its finest.
In the Poconos, where I live, there’s a fun little thing I’ve learned about state pride in Pennsylvania. Apparently, because PA does not require license plates to be on the front of the car, everyone from out of state is a “front plater”. This is an othering statement of a condescending nature. Damn front platers…Read More

]]> 0 8f9024d62a29c23ee98c58db4ed5118f Let's steal more resources to make number go up! Here we are again... The dictator that we installed as a puppet leader decided he didn't want to be a puppet after all. Sorry Pinocchio, you don't get to be a real boy. The propaganda machine is spouting some nonsense about illegal drugs being imported into USA. "We are protecting the American public by ousting this dictator [that we installed]." Of course that's nonsense and the answer is always the spoils of war. What are we stealing from them? Well Venezuela happens to be the last bastion of countries with huge oil reserves that aren't directly allied with my humble and freedom-loving country. They also have billions of dollars worth of gold currently frozen in some UK bank for whatever reason, so it will be interesting to see how we steal that as well. Gold and Oil have always been the primary drivers of war. Tanks don't get good gas mileage. image.png Breakout promised... breakout delivered. Four days ago I did some mini-analysis on the market and determined that the current low volatility would obviously lead to some kind of explosive move. Looks like it's time to touch the MA(100) line near $100k. Can't say I'm happy about how we ended up here... committing war crimes to make number go up without congressional approval and all that. Then again it's not like congressional approval matters when the stated reason for violence is an obvious and blatant lie to garner what limited public approval they can at this point. Although I did see a random clip of Trump saying it was our oil to begin with and we are just "stealing" it back which was kind of funny. Watching the fall of Rome in real time is more entertaining that I thought it should be. To be fair... it's a dark comedy. Nothing but golden crosses on the horizon. The move happened right when the MA(100) crossed over $100k... as predicted... which is just so weird to be honest. It feels like everything to do with this arbitrary 6-digit unit-bias number ends up being significant somehow. I wonder what it will be like at $1M. Probably very similar I would imagine. Of course the dollar itself might only be worth half as much at that point. Who wants to take bets on wages doubling by that time? I'll give 10 to 1 odds to anyone who thinks they might. Any takers? 2026 a good year for risk-on? It's very difficult to answer a question like this because the economy hasn't looked good since long before covid 2020. It's all smoke and mirrors. AI looks like it's on the ropes, but also everyone is adopting it. Yield curve always looks piss poor. Central banking is an unsustainable Ponzi by design. And yet the market always finds a way to breakout and move higher in the face of constant systemic threat. 2026 was supposed to be a bear market year for crypto, but then again 2025 was supposed to be an absolutely Goliath bull market year, which it was not in any way shape or form. The script has been flipped and we are flying blind on this one. Again, $100k is very much on the table even in bearish scenarios. That being said the trendline traders are once again optimistic now that the previous trend has been broken and we are moving up again. To be fair there is no uptrend in place because there hasn't been enough time, but the chart does look like it just recovered from the devastating 10/10 leverage attack. Many signs point to optimistic outcome... and even if not we still stand above the massive support range blue-band I was calling the "liquidity void" a year back. It's not a void anymore but it is still a highly significant range to pay attention to even after all this time. Conclusion We started a war and markets respond positively. World Wars are off the table. There's no profit in that. Attack the small country with a lot of natural resources. It's the American way. https://www.bitcoinmyk.com/activity/p/10481/ Sun, 11 Jan 2026 10:57:18 +0000

Let’s steal more resources to make number go up!

Here we are again…
The dictator that we installed as a puppet leader decided he didn’t want to be a puppet after all. Sorry Pinocchio, you don’t get to be a real boy. The propaganda machine is spouting some nonsense about illegal drugs being imported into USA. “We are protecting the…Read More

]]> 0 0f8281623fbfb1274057e32763715c50 Hardfork 28 changes to voting and inflation Harkfork 28 I've been a bit out of the loop on this one which is rare for me. Yesterday I found out about two pretty significant changes to how inflation has been changed on Hive. Previously I thought it was just Hive Application Framework and other layer 2 adjustments, but the way voting works and inflation is calculated has changed. This is a great example that is the double-edged sword of Hive. Changes can be made on the fly without the need for full communal consensus. That could be a good or a bad thing depending on the net effects of the changes. It's also a good reason to always hold a bag of Bitcoin because Bitcoin can't make changes like this at all. It's the safer choice in case shit really hits the fan... although I can't really say I disagree with the changes that have been made thus far, it doesn't imply that it will remain so on future hardforks. Change #1: 100% upvotes no longer have diminishing returns. It is now possible (and easy) to reduce your voting power on Hive to 0%, whereas before it was not really possible. Today if your 100% upvote is worth $1 it will stay $1 until you run out of power. Before the recent hardfork if you were at 50% power your upvote would only be 50% strength. 25% power would reduce strength by 75%, so it was basically impossible to ever run out of voting power. The more your vote power diminished the more your vote would diminish to match. Your vote power refills 20% per day and expends 2% for every full upvote. Before this change if you were at 50% power a full upvote would only reduce power by 1%, allowing an account to full vote 20 times a day instead of ten (but at half strength). Now you can cast a full vote no matter what until you hit zero. I think this change is pretty cool because it gives the user more flexibility when distributing votes. Users can essentially spend inflation in a way that they could not do before. We no longer have to worry about being low power but not being able to reward high-quality content with a max vote. Now every max vote counts just the same no matter where our voting power resides. For someone like me this will also make it a lot easier to avoid hitting 100% voting power which happens way more often than it should. If I want to get down to 50% voting power and take a couple days off I only have to cast 25 full votes, whereas before it was a bit more than that and it could be difficult to find stuff I even wanted to updoot. https://gitlab.syncad.com/hive/hive/-/issues/609 Apparently this change was suggested by @miosha and then coded into the blockchain literal years ago... but it's been years since we've had a hardfork so it hasn't gone live until just now. Crazy to think it's just been sitting there and I had no idea it was going to happen all this time. Need to get my head out of the sand I guess. https://peakd.com/hf/@acidyo/happy-28th-hardfork-everyone#@sanjeevm/re-acidyo-t5zc0n I also learned about these changes from the comments in @acidyo's post on the subject yesterday. At least someone's paying attention amirite? image.png Change #2: inflation reduction So apparently HBD in the DHF is no longer used to calculate Hive inflation, so inflation is potentially 26% lower than it was before. Witnesses get paid less. Reward pool allocations are smaller. The DHF itself will get less inflation allocated to it... etc. This change is arguably unfair because HBD inflation is static and remains unchanged (although witnesses can change that whenever they want without even forking). The biggest reason why it might be unfair is that it makes the DHF even stronger because it contains the ninjamine which is just a bunch of tokens printed out of thin air that never really should have existed to begin with. Less inflation on Hive could just create a vacuum that allows more DHF ninjamine money to be dumped on the market... but that is yet to be seen and more something to be wary of going forward. Overall I'd say this change is fine and is potentially a sneaky way to justifiably lower inflation a little bit when price is sweeping all time lows. Could a change like this help number go up and completely negate the negative affects of lowering it to begin with? Maybe... especially at a price of 10 cents which has traditionally been rock-bottom for our network. The biggest reason this change makes sense would be if the DHF was actually making money and banking more and more HBD in the coffers. We wouldn't want to print out more inflation just because our on-chain investments into devs and infrastructure was doing well. https://peakd.com/@hive.fund/wallet The DHF is stored in @hive.fund and I haven't looked at it in a while. If memory serves correctly the last time I looked at this account it had 50M Hive within it. Now it has about 33M so that's quite a bit of the ninjamine converted into HBD since then. I for one will be happy when the amount of Hive in this account hits ZERO and I no longer feel like there's a boot on top of the neck of the network... but it's taken a lot longer than expected. Conclusion I wasn't expecting for major changes to the inflation schedule but here we are! Luckily I view these changes as a net positive and don't really view them as a huge deal either way. Hive has a lot of work to do and isn't going to sink or swim based on small changes such as these. I look forward to seeing what our layer 2 can accomplish because that's a far more pressing issue than anything else. Cheers https://www.bitcoinmyk.com/activity/p/7945/ Sun, 23 Nov 2025 01:22:28 +0000

Hardfork 28 changes to voting and inflation

Harkfork 28
I’ve been a bit out of the loop on this one which is rare for me. Yesterday I found out about two pretty significant changes to how inflation has been changed on Hive. Previously I thought it was just Hive Application Framework and other layer 2 adjustments, but the way voting works and…Read More

Use full voting power instead of current mana for voting in order to stabilize use of upvote mana. (#609) · Issues · hive / hive · GitLab
Full description of the issue in this Hive post. Long story short: the problem stems from the fact that upvotes...
gitlab.syncad.com
]]> 0 6b38d1eb8c22b27e437a42a6a642623e Buy the... Dip? edicted (83)in #bitcoin • 2 days ago buy-dip-with-what-star-wars.png One big thing I've noticed this cycle is that nobody says "buy the dip" anymore. Diamond hands was apparently only good for one cycle. To be fair maybe we were saying this two years ago which certainly falls in line with the current cycle, but the dynamics seem to have completely shifted since that time. This is weird, because buy-the-dip mentality is a key feature of "complacency". wall-street-cheat-sheet-psychology-cycle.jpg A lot of people on social media that have been worried that the "bull market" is over because it's 2025 and these things tend to last 3 years before they crater. Bull run started January 2023 so logic would dictate that we are perhaps out of runway. The problem with a lot of this panic is that these people are trying to act like they can call the top because price dipped 20% or less from all time highs, but as we all know it can dip as much as 35% ($82k) and be totally fine. Even funnier is the FUD that the bull market's end was calculated down to the day from a random 4chan post. Please stop believing in fairy tales. image.png It's honestly even baffling that anyone would even believe a prediction of a screenshot without a link. There's an ID number there but searching for it doesn't give the link but rather people just talking about the screen shot. Even when you find the post it could have easily been manipulated and backdated by the owners of the database. Ironic how predictions like this belong on the immutable ledger. Not that it matters because thousands of predictions can get made and people will just ignore all the bad ones and act like the good ones were some kind of miracle. Classic survivorship bias. What is "complacency" in the market cycle anyway? Complacency is an emotion I've experienced several times my crypto career. It's very similar to "optimism" or "belief". This rally is real; time to get fully invested; buy the dip it's going higher. Complacency means you're already up a lot of money and you're being greedy by not taking anything off the table. You're thinking: even if I lose half of what I have it wouldn't be a big deal. In fact you're probably doubling down and about to completely round trip the entire bag. What's interesting about the cycle we find ourselves in is that people in alts can't be complacent because they were never up to begin with. There are no paper gains to realize in the first place. There was never any bubble to speak of. dip-dippity-red-bear.png I mean take Hive for example we are sweeping the absolute lows right now. Hive hasn't shown any signs of life since January. Hive has already been in a bear market for almost an entire year, and the same is true for a lot of other alts as well. Normally this would be the time I'd be rallying and telling everyone 10 cent Hive is an uncrackable support. Unfortunately I can't make this claim because of Bitcoin. I know Bitcoin could fall back to $58k in the absolute worst-case scenario, so it's safe to say Hive could fall pretty significantly as well. Right now I'm looking around the 5 cent range where HBD starts buckling and de-pegging from the dollar because of the debt ratio. Our network still is printing quite a lot of debt. tired-boss-green-mile.jpg 💚💚💚❤️ It seems fairly obvious that the reason nobody says buy the dip anymore is because they are completely tapped out already. Certainly this wasn't expected for Q4 2025, but also these sharks have a way of manipulating everything to separate people from their money. No bull market has ever been the same as the previous one. The only similar thing was the 4-year cycle, and perhaps now we don't even have that, but we won't know for a while. A peak in February would still be well within acceptable limits when 4-year cycle theory is concerned. I'm still convinced November is going to give us some serious clues as to how this will all play out. Big moves always come in November, up and down. Currently we are flirting with down but it also hasn't even been a week. image.png I saw the death cross coming a mile away, But I didn't trade it... oops! image.png We can consider this the second bearish signal the market has flashed since I commented on the first one 19 days ago. The bearish pennant has completed and the MA(25) has death-crossed below the MA(200). Support around $100k has been tested and unbroken as predicted. Currently expecting a bounce back to MA(25). Remember remember the 5th of November It's also a full moon and a supermoon today, which means the moon will be closer to Earth than usual and pull with a little more gravity. If the market moves with the moon cycle, as it often does, we should get a pretty decent recovery from here... at least for a week or two. The other three moving averages are on a collision course that should occur mid to late month. These would all be death crosses between MA(50) and MA(100) with the 200 DMA. Unclear if this would actually be bearish or just noise because we already completed the pennant. I'm personally still under the opinion that these averages are too tight and the overall trend is too stable to flip bearish at this time, but we'll see. Macro economics A lot of the bullish chatter I see out there revolves around the market cycle and funny-money liquidity injections into the economy. The FED has already started cutting rates. They've declared and end to quantitative tightening come Dec 1. They are also funding the overnight repo market at noteworthy levels. Now a lot of people look at something like this and would immediately think it looks pretty bearish and not good. But we need to remember that the entire system is rigged. Banks are "too big to fail". When problems are seen in advance they just throw money at the problem. Only when a problem goes unnoticed does it actually wreck everything like the 2008 housing crisis. When fake money gets pumped into the system number tends to go up. By all accounts the wheels of this economy are about to be greased once again. Conclusion November has always been a key month of both bear market years and bull market years. Remember November 2022? FTX collapsed and that marked the end of the bear (but the fear remained for over a year straight). Remember November 2018? Bitcoin crashed from a solid $6000+ baseline down to $3000 max-pain. Meanwhile in 2017 we were about to peak while 2021 we were peaked. November has always been a key month so we need to wait and see what it tells us. Somehow I still feel like we recover from this even though it seems bleak. Then again looking bleak is once again the complete opposite of complacency. So many mixed signals. https://www.bitcoinmyk.com/activity/p/7667/ Fri, 07 Nov 2025 17:26:36 +0000

Buy the… Dip?
edicted (83)in #bitcoin • 2 days ago
buy-dip-with-what-star-wars.png

One big thing I’ve noticed this cycle is that nobody says “buy the dip” anymore. Diamond hands was apparently only good for one cycle. To be fair maybe we were saying this two years ago which certainly falls in line with the current cycle, but the dynamics s…Read More

]]> 1 6a463c613d6cadb0a4da9162786cce35 Apocalypse Tuesday Chronically online girlfriend discovers RaptureTok. So apparently the Rapture has gone viral. The world is ending tomorrow by the way. Well... not ending, but the beginning of the end, you know? Because first all the good boys and girls need to get sucked off into the sky before Armageddon can begin, and really the apocalypse itself hasn't concluded until everyone on this Earth is dead. Pretty sure that's how it works. So yeah anyway people are being absolutely ridiculous about this and giving absurd advice like, "When you get raptured don't try to hang onto anything," with the authority of someone who's done it before and knows what they're talking about. The entire thing basically reads like satire but these people are 100% serious. Imagine thinking you're such a good person that you're guaranteed to go straight to the promised land without any trials or tribulations. Ironically enough these are the people who almost certainly would not be included in the rapture. Jesus doesn't care that you went to church every Sunday, friend; you're still an insufferable trash monster. It's gone viral on TikTok, not because people actually believe that the world is ending tomorrow, but rather because all the "heathens" are busting out their popcorn and spectating all the pure unadulterated delusion. I'd say go check it out but I won't because it's TikTok and I can't stand it. image.png New moon strikes again As if almost by command the new moon we got yesterday definitively brought down the price of Bitcoin below the trendline resistance we've been ramming into for a week straight. My short is now solidly in the green and I plan on keeping it open for another two weeks, or till $103k, whichever comes first. Social media is buzzing with the familiar lamentations of, "Why number go down omg everyone is buying it must be fake paper Bitcoin again." As if a 2% dip in the worst month of the year somehow signifies a confirmed conspiracy theory. Once again need I remind everyone that actual rich people don't have to trust Coinbase to buy the Bitcoin on their behalf. They are all using multisig at this point and can 100% confirm that the Bitcoin they are purchasing is right their under their control, with Coinbase only acting as a failsafe to make sure hackers can't get at these huge honeypots. Entities like MSTR are also completely protected by law from bankruptcy proceedings. Random degens keep comparing a potential collapse to something like FTX 2.0. This is legally and fundamentally not possible considering how these positions are setup. Remember that every bear market has been sparked by something completely different than the previous one. 2014 was "hackers". 2018 was "futures market manipulation". 2022 was "overleverage". 2026 will almost certainly be a completely new narrative. Maybe a "quantum" threat? Who knows. image.png Pump into death-cross dump into golden-cross? The interesting thing for me here is the MA(25) and MA(100) hugging each other for over a week straight now. This is not something we get to see very often. As stated in an earlier post any price point between these 4 moving averages is healthy and exactly what I want to be seeing during the consolidation month of September. If we don't dip under $108k by the next week or so we'll have basically just created another higher-low which is just another bullish indicator is an ocean of bullish indicators. The real currency in this case is simply the patience to wait for Q4 (and potentially into Q1). image.png Three month heatmap On the leverage side of things we can see that bearish headhunters are still financially incentivized to continue pushing the price down to around $106k to bust up all the leverage from the last big dip in August. Anything around the $103k-$106k range is a time to load up and potentially leverage long. I'm still absolutely shocked that these degenerates don't have to common sense to make a big bet with liquidations right under $100k, but here we are. The most obvious area to make a bet is relatively empty. Classic gambler syndrome. nick-fury-world-end.png Conclusion The world isn't ending tomorrow. Or it is. Either way don't worry about it. https://www.bitcoinmyk.com/activity/p/6744/ Tue, 23 Sep 2025 19:54:29 +0000

Apocalypse Tuesday

Chronically online girlfriend discovers RaptureTok.
So apparently the Rapture has gone viral. The world is ending tomorrow by the way. Well… not ending, but the beginning of the end, you know? Because first all the good boys and girls need to get sucked off into the sky before Armageddon can begin, and really the…Read More

]]> 4 e5fd08282ed58f84176c8566a40be8e5 Breaking Hive News: BlockTrades Votes the Return Proposal! edicted (82)in LeoFinance • yesterday (edited) image.png image.png Wow that's a big move from our biggest whale... So I randomly stumbled into the Hive discord a couple hours ago and noticed there was a discussion going on... image.png Well that's one way to do it! There was a lot of interesting conversation to be had here. Seeing everything get defunded except for Ecency is quite the shock indeed! Unsure how much we can read into that but the Swarm is a buzzin' on this one. One big thing to consider here is that Hive is clearly a lot more centralized than a few of the evangelists around here like to admit. Of course this has always been the case, but it's moments like this where the harsh reality of the situation sets in and becomes undeniable rather than lurking the background where everyone can ignore it. One account being able to single-handedly fund proposals is not exactly a place we want to be in... of course ironically this exact problem has been solved when that account votes the return... but then again makes it pretty much impossible for anything to get funded without a greenlight, so now we have the reverse problem. Somewhat reminds me of the 2020 hostile takeover. Because one of the big problems with the DHF is that it controls the ninjamine... which should have been destroyed but instead is now controlled by a couple of key accounts. Remind me again what we did to users that voted both real witnesses and sock puppets during the hostile takeover? We forked all that Korean stake to @null because it was seen as an attack on our consensus and trying to exploit political gain during a crisis... of course on a mathematical level this is not true at all. Voting both sides is the same as voting neither side on a pure numbers basis. Interpret that how you will. Some users are now trying to claim that huge accounts like Blocktrades should perhaps abstain from voting in the DHF entirely and actually let the community decide what does and does not get funded. Personally I think this is a slippery slope to be on. At what point does an account not have the right to exercise their stake because they "own too much"? That doesn't really make logical sense (especially with alt accounts in play). On a very real level too many users have been selling too much of their Hive (or not buying enough) which is why we are in this situation to begin with. I can't say I'm terribly upset with the current outcome we find ourselves faced with. I will say that it's a little weird that no statement has been made, but many are saying the vote itself is the statement and doesn't require further clarification. Not sure people on Hive are going to be sated by that logic. We are a highly political network after all. Hm... what else? Where is Hive's money? All of Hive's value (including HBD) is contained on razor-thin trading books. Today Hive is worth 33 cents a token. That number goes up or down with high volatility. With this in mind it should be obvious that the ninjamine is not "for development". The ninjamine can only steal from users that acquired their tokens fairly and redistribute it to funded proposals (many of which have proven to be ineffective). In this regard it is nice to see everything get defunded... because I honestly have no idea how much money the DHF is allocated if we take away the premine that shouldn't exist in the first place. The only way to realize the value of those counterfeit tokens is to dump them on the market, and once that happens price goes down and nobody can get that value for their stake. Currently this is the only problem I see with the current state of the DHF: many people on Hive like to pretend we don't have a premine. It's right there in the DHF. Stop pretending and make a move to destroy it permanently rather than acting like it doesn't exist. The "we don't have a foundation or a premine" narrative is not one we are making in good faith. We've swept the truth under a rug and pretend it's not there. There's also a certain corporate/government vibe to the DHF that we see in legacy finance. It is this false reality that we need to spend the money in the DHF or we somehow lose it. The fact of the matter is that money from the DHF should only be spent if and only if the value being created is higher than the cost. This toxic attitude that we have to spend the surplus or lose it (like a government agency) is enraging the few times I've seen the concept floated. Will number go up? Potentially this move stops thousands of dollars of Hive from getting dumped on the market every day that it continues. I am thinking about buying here because I was going to buy anyway... but I think I'll give it a few days first to see what happens. Let the knee-jerk reactions resolve before doing anything hasty in either direction. Conclusion I took my sweet time getting this "breaking news" out there so I better just kill it here and hit the publish button. My current feeling over this situation is that it's some low-risk drama that somewhat highlights a few of the weaknesses that have been ignored up until now (while simultaneously fixing a lot of the DHF-wastes-money debate). It calls into question the value of a lot of these proposals. I imagine the drama has just begun so get ready to wade through it! This is a big move and should be respected as such. I'll likely have more to say on this topic once some of these events have matriculated. #dhf#blocktrades#dao#proposals#hive-fund yesterday in LeoFinance by edicted (82)$38.41 520 votes Reply 96 Sort: Trending [-]andablackwidow (68) yesterday Ouch, couple of topics here. First, the issue with ninjamine was that it could be (and ultimately was) used for governance. Now that it is in DHF, the funds can actually be used the way the community thought they should be used (they are mostly not used that way currently, but that is separate issue). DHF currently still has over 37M HIVE from ninjamine. It converts that HIVE to HBD at a rate of HIVE_PROPOSAL_CONVERSION_RATE (5 basis points) per day, which means ~18800 HIVE (about 6000 HBD extra). Example block containing such dhf_conversion_operation. Compared to funding it receives from inflation, that is significant amount. DHF receives database_api::get_dynamic_global_properties().proposal_fund_percent, which is HIVE_PROPOSAL_FUND_PERCENT_HF21 (10 percent) of inflation. It receives new funds every block, but since payouts are once per hour, the new funds are recorded once per hour as well, indicated by dhf_funding_operation. Currently it amounts to around 3000 HBD per day. It means ninjamine conversions are responsible for 2/3 of new funds in DHF. Total potential payout output does not depend on new funds though, that would be true if fund was dry. It depends on current amount of HBD on balance, which is over 23M at the moment. Daily output limit is 1 percent of that (I just noticed a small problem - the value is not defined where it should, that is, in config.hpp, but in some local constant dhf_processor::total_amount_divider). Cut that by 24 and get actual hourly payout limit. New funds are responsible for completely insignificant portion of potential payout. Return proposal, even in normal situation, has more impact on future size of pool than new funds, inflation or ninjamine. Voting for proposals has some inertia. Voters would need to use bots to constantly monitor votes of others and adjust their vote based on what proposals they vote for went below return proposal (and then such bots would end up constantly adjusting votes spamming the network :o) ). Three top voters for return proposal could drop their vote to counter most of influence of blocktrades. Complete counter would require more vote changes, true, but it is not like it couldn't be done. Of course, I don't even know why such move was made, maybe whales are in agreement there. Finally there is also the issue of how DHF funding affects funded projects. The way it currently works is only suitable for infrastructure - when it fails to get the funding, you can just stop renting the server and some Hive API nodes disappear from the network. Once funding is back it only requires at most couple days to set it up again. But there are projects that need one time all-or-nothing funding (f.e. some promotional event or a simple app/bot script). The thing that should be the main focus of DHF - development - requires continuous and secure funding, especially for bigger projects with multiple people involved. Even if you have a team that is also doing other work, switching people between projects generates a lot of friction. Also you might end up having a lot of work wasted, because it is really hard to pick up development of the feature that was only partially implemented, even for the same developer, after some time passed (and partially implemented feature might even have negative value for Hive, because it might make it harder to do other changes). Allowing downvotes for proposals seems like a good start, but much more comprehensive changes are needed. I don't have any good ideas though :o) $4.34 12 votes Reply [-]edicted (82) yesterday (edited) Thanks for this comprehensive analysis. I really appreciate it. I would not have guessed the ninjamine was only an x3 for the DHF. You only made one assumption I disagree with: Now that it is in DHF, the funds can actually be used the way the community thought they should be used. Again, this is not accurate. There is no money; there is only dumping on the liquidity pools, which dilutes the value of everyone's money. These are just coins printed out of thin air that should not exist. If we wanted the DHF to have x3 the funding then we should just give the DHF x3 the funding... but we don't want that so we shouldn't. When Ned promised everyone "don't worry the coins are for development" that was a farce. He premined the token because he wanted all the power for himself. We can not magic up money out of nowhere. And now we as a network are continuing the farce and acting as though "no really the money is really for development!". Yes well if we want to print more tokens out of thin air we should just do that in real time rather than pretending like the 80M lump-sum ninjamine was a good idea. $0.29 5 votes Reply [-]bozz (80) yesterday I think this is a really good thing. If you look at some of the proposals, they aren't too far off from making it above the return even with the Blocktrades vote. This might force them to rethink their current proposal and adjust it to get the support they need. Either that or redouble their efforts looking for votes. I think this is also a good way for them to consider who they support. If they support users who are dumping their rewards every chance they get (I'm looking at you valueplan), then that is wasted stake that could push them above the threshold. $1.85 14 votes Reply [-]azircon (76) yesterday absolutely! Let the projects lobby for support from individuals. Most of the projects don't even know 95% of the individuals, and 95% of the individuals do not know the projects. $0.94 20 votes Reply [-]bozz (80) yesterday It would be interesting to see how many accounts with large enough stake to move the needle are not voting on an proposals. When you are talking 62 million, being a couple million short doesn't seem like too much unless you figure 80% of the chain only holds 10,000 or less shares right? I just made up those numbers to try and make a point. $0.03 1 vote Reply [-]azircon (76) yesterday In my mind, things will self adjust with time. Projects that can convince more people to vote will get funded, those that can’t, won't get funded. It's rather simple. $0.03 15 votes Reply [-]bozz (80) yesterday I guess we will see, unless BT decides to suddenly change course. $0.001 vote Reply [-]valued-customer (73) yesterday Something to consider is that my account holds considerably less than 10k staked Hive ( 15 000 / 87 000 000 = 0.0001724... <==== ... 0.0172% $0.00Reply [-]toofasteddie (76) 10 hours ago I'm playing both sides $0.00Reply [-]alokkumar121 (81) yesterday I imagine the drama has just begun so get ready to wade through it Many projects will be affected with this so let's see how it goes and surely some drama is expected. $0.00Reply [-]chinito (70) yesterday whoa! That IS some big news! I hope everything pans out good for hive.. 😉😎👊 $0.001 vote Reply [-]fredaig (67) yesterday Well the lord has spoken!! $0.00Reply [-]ijatz (63) 22 hours ago Thanks a lot, @edicted, for shedding a light on how the DHF works and its usual impact on the $HIVE price. That's something I was completely unaware of 😅. $0.00Reply [-]bombus (61) 17 hours ago (edited) If decentralization means putting in a little and taking a lot then there is a problem of meaning. In this way it is obvious that there is cannibalization of value. It's like politicians who only thinks about their own pockets instead of the common good. On Hive I have bought much more than I have sold, so I support any DHF expense that generates value, otherwise I don't like anything that costs a lot but is useless for growth. This should be a strong ideal for everyone here $0.00Reply [-]hatdogsensei (67) 12 hours ago This is a very big news that can affect the status of Hive in the next days $0.00Reply [-]dreamtales (54) 11 hours ago So what motivated @blocktrades to vote the return proposal? Curious to know his detailed side of the story as to why. $0.001 vote Reply [-]tobetada (76) 7 hours ago Blocktrades unvotes the return proposal again... maybe he just likes the drama? $0.00Reply [-]pizzabot (58) 2 hours ago PIZZA! $PIZZA slices delivered: (1/10) @danzocal tipped @edicted $0.00Reply [-]jackjackson2nd (47) 2 hours ago ecency getting funded is good, also i think all good ideas deserve a chance but on the other hand manipulation needs to b prevented as well- so things needs to b carefully balanced. "problems with the DHF is that it controls the ninjamine... which should have been destroyed but instead is now controlled by a couple of key accounts" wanna read more about that, "Hive is clearly a lot more centralized than a few of the evangelists around here like to admit" i'm not aware of any other platform & coin that's completely decentralized but i hope n general & for hive more specifically that situation improves gradually overtime & hopefully more adoption specially with "EVM compatible hive". have a great day $0.00Reply [-]danzocal (60) 2 hours ago !PIZZA $0.001 vote Reply https://www.bitcoinmyk.com/activity/p/4705/ Mon, 17 Feb 2025 03:19:09 +0000

Breaking Hive News: BlockTrades Votes the Return Proposal!
edicted (82)in LeoFinance • yesterday (edited)
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Wow that’s a big move from our biggest whale…
So I randomly stumbled into the Hive discord a couple hours ago and noticed there was a discussion going on…

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Well that’s one way to do i…Read More

]]> 0 660c5e5d681bd7b25a72565997428a48 Hive double-pump incoming? edicted (82)in LeoFinance • 5 days ago (edited) pump-pamp-it.jpg Christmas Vacation I've been enjoying my time off but it's been way too long. Just thought I'd pop in to give a PSA on the state of Hive perpetuals. Binance listing Hive got a pretty big pump earlier this month when Binance listed a Hive/USDT perps market. Of course those of us who know how Hive likes to pump and dump have been using this opportunity to short the market in anticipation of the immediate crashes that we so often encounter. However now the trade has become extremely overcrowded and the funding rate is screaming that Hive is going to pump again despite having just pumped. image.png Shorts are getting fleeced This morning the cost to short Hive reached a record-breaking low of -2%, which is absolutely unheard of. This means anyone that was shorting Hive at 7 AM EST lost 2% of their stack immediately. For reference the "billing cycle" for these perps is 4 hours (twice as much as the 8 hours for bigger markets), Meaning that if this 2% was somehow sustained that would imply that shorts were paying the longs 4,380% APR... which is better than most of the yields during DEFI 2020 peak hype cycle. Since then it's collapsed quickly back down to around -0.45% at the moment... but even that is around 1000% APR. Do not bet against the funding rate There's a very high chance that Hive users who are shorting the token have no idea they are getting absolutely wrecked by the funding rate right now. I've setup a long position on MEXC just to capitalize on these yields while they last. I never bet against the funding rate and that strategy has served me quite well up until this point. My current position is x2 long using $2600 USDT... so if Hive were to crash 50% I'd lose it all... which can easily happen but I don't imagine it will with yields like this. It's also possible to make the position "risk free" by adjusting it to x1 long just to farm these insane yields, which is undoubtedly what market makers are doing right now. This yield is just too juicy to pass up, which would normally imply that we will pump again and bust all these shorts, but you never know with Hive. Conclusion I was supposed to post this a lot sooner in the day because the funding rate is crashing quite quickly. However it's still at -0.4% at the moment which is 876% APR. I'll have to close my risky-ish position once it gets much closer to zero. Consider this a PSA to anyone who has an active short on Binance or MEXC how has no idea who much money they are paying the shorts right now. It's very difficult to make money with an APR that high chipping away at your stack every 4 hours. The only option to short in this environment is to sell spot. Be careful out there. #hive#binance#perps#pump 5 days ago in LeoFinance by edicted (82)$55.42 444 votes Reply 26 Sort: Trending [-]alohaed (62) 5 days ago Looks like volume is falling overnight - but 24-houris still over 3x market cap, which is a bit nuts. image.png $0.15 3 votes Reply [-]bozz (80) 5 days ago Looks like I might need to put a higher sale out on the internal market. I took advantage of one of the smaller pumps, waiting for it to drop back down again. I'm not great at playing the markets like some people though. $0.02 3 votes Reply [-]palasatenea (59) 5 days ago Hm, I'm in the same spot, right now looks like there could be a retracement, I guess that may need to reconsider the strategy and sell a bit higher just in case I get wrecked. 🤔 $0.04 1 vote Reply [-]bozz (80) 5 days ago I don't play with shorts or longs, so I should be pretty good. I can cancel my trade at anytime or let it ride. $0.01 2 votes Reply [-]cmplxty (76) 5 days ago Do you mind helping me figure out how to do it better on the internal market? Lol. I just swap but i want to set up some advanced limit trades! $0.03 1 vote Reply [-]bozz (80) 5 days ago I just use the advanced tab on the swap page. From there it is basically just set up like Hive-Engine. I'm sure I don't optimize it fully. $0.001 vote Reply [-]ironshield.pepe (56) 5 days ago The one time I tell my self, "don't miss this pump like last time" I read a post like this. !LOLZ !BBH $0.01 1 vote Reply [-]lolzbot (70) 5 days ago lolztoken.com Did you know that the first french fries weren’t cooked in France? They were cooked in Greece. Credit: belhaven14 @edicted, I sent you an $LOLZ on behalf of ironshield.pepe (1/1) Farm LOLZ tokens when you Delegate Hive or Hive Tokens. Click to delegate: 10 - 20 - 50 - 100 HP $0.00Reply [-]brianoflondon (77) 3 days ago I sometimes wish I understood this but if I did I'd probably loose it all gambling. $0.00 1 vote Reply [-]alohaed (62) 3 days ago I sat down the other day and watched orders fly for perpetuals, there are some large market makers possibly working together. It's interesting to watch but a small boat is going to swamped in that ocean. $0.00Reply [-]acesontop (80) 5 days ago You won’t get liquidated on this one. Where can I see the open interest for. BTC? $0.00Reply [-]mein-senf-dazu (72) 5 days ago Bybit has also listed hive/usdt for Margintrading $0.00Reply [-]brennanhm (63) 5 days ago nver bet against Hive 💪 $0.00Reply [-]arc7icwolf (73) 5 days ago The only option to short in this environment is to sell spot. Be careful out there. Here I am! And I haven't been careful enough, I guess 😅 trading is not for me, and I'm learning it the hard way $0.00Reply [-]ironshield (76) 5 days ago I have to resist the temptation to liquidate and sell while it's over $0.40... it's not because I don't believe in HIVE, it's because it's a financial impulse, seems like a good idea in this moment. Which is better (or worse), not selling while it's high and riding the wave back down, or selling while it's "high" only to discover that the rocketship was still yet to come? !BBH $0.00Reply [-]bbhbot (51) 5 days ago @edicted! @ironshield likes your content! so I just sent 1 BBH to your account on behalf of @ironshield. (39/100) (html comment removed: ) $0.00Reply [-]amalachisom (20) 5 days ago I've been watching hive for quite some days now. They've made some progress and the coin looks bullish. $0.00Reply [-]palasatenea (59) 5 days ago You scared me for a while lol. untitled.gif $0.00Reply [-]cmplxty (76) 5 days ago I was trying to play with the internal market and it kept failing my damn transactions! I was so mad lol. I tried to do limit orders but it wasn’t working as well as a simple swap was. I thankfully did get one order to process and made 2 hive off it.. but damn it’s annoying this better not keep happening when we get these pumps. $0.00Reply [-]palasatenea (59) 4 days ago If you simply put limit orders to sell or to buy there will be always bots updating offers behind yours, unless the trend kills them all with the limit you placed. $0.00Reply [-]blanchy (73) 4 days ago I base my trading around the funding rate but even better with Hive because I won't sell if it does dump. Its a win win. $0.00Reply [-]valued-customer (73) 4 days ago There are some additional reasons for the impetus behind crypto pumps shared by Ed Dowd here, for folks with enough savvy to follow the funds rate. Thanks! $0.00Reply [-]danzocal (60) 4 days ago !PIZZA $0.00Reply [-]pizzabot (58) 4 days ago PIZZA! $PIZZA slices delivered: @danzocal(4/10) tipped @edicted $0.00Reply [-]ahmadmanga (73) 3 days ago Well, I won't be complaining if we did see that second Pump!! $0.00Reply [-]bpcvoter3 (-7)(1) 4 days ago $0.00Reveal Comment https://www.bitcoinmyk.com/activity/p/4143/ Fri, 03 Jan 2025 21:21:11 +0000

Hive double-pump incoming?
edicted (82)in LeoFinance • 5 days ago (edited)
pump-pamp-it.jpg

Christmas Vacation
I’ve been enjoying my time off but it’s been way too long.
Just thought I’d pop in to give a PSA on the state of Hive perpetuals.

Binance listing
Hive got a pretty big pump earlier this month when Binance listed a Hive/USDT p…Read More

]]> 0 71bfda121178552c96c669fcf8227ae3 Sink or Swim: The Curse of Mainstream Adoption edicted (82)in LeoFinance • 5 hours ago image.png Jon Rice is the founder of the Koinos Federation, an alliance of projects building on the free-to-use Koinos blockchain. He was previously editor-in-chief at Cointelegraph, Blockworks and Crypto Briefing. Interesting resume! Pay-to-Use Blockchains Will Never Achieve Mass Adoption. This is definitely one of the better articles you're ever going to find on Cointelegraph or any other crypto news outlet for that matter. Those of us with experience with these outlets know that for the most part the posts focus on shallow content like ETF speculation and spot price. Even the ones that do report on important issues are usually like 2-minute reads and barely glance off the surface of the issue. This one is built different, and even though I disagree with a lot of what's being said it does open up the conversation to be discussed and mulled over. The topics that get brought up are ones that most people outside of our tiny ecosystem aren't even considering yet. Blockchain projects should learn from Google and Facebook by monetizing users without directly asking for their money. The very first sentence starts off with a bang and is already hugely problematic. Technically on the base level I agree with the statement. People need jobs and the ability to provide value to the network while also getting paid by the network. However, comparing that to WEB2 ecosystems just doesn't translate and is super toxic. We should not compare symbiotic WEB3 ecosystems and sustainable circular economies to the WEB2 parasites that came before us. Still, I understand why the comparison was made (because there are no other options or references) so I have to let this one slide. No contest We’re perfectly happy to open wallets, engrave seed phrases on steel cards we bury in the ground, find exchanges we haven’t been blocked from yet, wrap some assets to leverage yield, and become OpSec professionals while we pray to the blockchain gods that the North Koreans aren’t online right now. The article continues by stating the obvious (but prerequisite fact) that mass adoption requires a certain level of simplicity that is painfully far away from being attained. We all know this to be true. Onboarding sounds easy until you actually try to do it and it takes 2 hours to onboard a friend and even then they still don't really understand what's going on. The WEB3 crash-course is so easy in hindsight and so comically difficult in real-time. And so convenience becomes king, and along with convenience often comes centralization and the bastardization of all the ideals we were trying to uphold in the first place. We have to walk a fine line in order to blend convenience into a trustless environment. Take something like "Lite-Accounts" or "Ceramic-Accounts" for example and I would argue that we are actually doing a pretty good job on this front. People want to log in with their Facebook or Google account: let them. Build the bridge; the bridges are very important during these early stages. It doesn't matter if someone uses a trusted custodian to secure their account if their account is currently worth very little and they simply want to tinker with the platform in a low-overhead stress-free manner in order to determine if they want to continue the journey or not. When they choose to continue the journey is when they seize control of their own assets and secure their own property. image.png This is actually the least risky way of doing business. Would you try to teach someone to swim by throwing them in the deep-end and forcing them into a highly stressful situation? Literally: Sink or Swim. Some teachers would, and certainly there is some success to be had with that strategy. But what if you traumatize the person and make them never want to even look at another [liquidity] pool ever again? That's what we call a permanent fail state. It's simply not a good mainstream strategy even if it might be a very good not-so mainstream one. Those who cut a path through the jungle with a machete do not expect the ones that follow behind to do the same. Eventually the path gets paved over and becomes exponentially easier to navigate. That's just the way of the world. Not everyone is a pioneer, and that's fine. If permissionless blockchains are to become the backbone of our online experiences, three major changes need to happen: They need to be free. They need to be frictionless. They need to be familiar. Right now, we are zero for three. In fact, we’re so far away from where we need to be that we’re not even trying to address these problems seriously — we’re busy making small, incremental improvements to dysfunctional tech rather than addressing the root of the dysfunction itself. Certainly there is some truth to this, but the message also contains sweeping generalizations and assumptions that are provably false. The most glaring error being a topic that I bring up often: using a blockchain will never be free. Ever. Never. “Free” means free for the user There's another word for this, and it's called "subsidized". Another word with a much more negative connotation within the political climate would be "socialist" or even "communist". One of the biggest drawbacks of WEB2 architecture stems from the fact that it is free to use. Many sacrifices were made in order to morph this strategy into an actual functioning business model that generates profit. The biggest drawback of free service is almost certainly the Sybil attack. If you provide free service, then anyone can come along with a bot and exploit that free service. kill captcha.jpg WEB2 bends over backwards to prevent these attacks. CAPTCHAs are ANNOYING. They provably diminish the user experience on every platform that implements them, and yet they are used almost everywhere because they have to be to prevent instant systemic failure. How many more months before AI completely obliterates this shield, twists the knife, and reopens this threat vector to a level we've never seen before? Point being that trying to mimic WEB2 is... not going to work. At all. Period. The End. Guaranteed. WEB2 simply does not belong within this emergent new tech stack of crypto, AI, 3D-printing, metaverse, etc. We have to run to where the ball is going rather than where it is now; Such a simple concept that so few seem to understand. Luckily Koinos and Hive aren't actually free. If you want to see what happens when blockchains actually allow users to post for free: look no farther than Blurt; the result of the contentious hardfork of Steem into Hive. https://peakd.com/@holger80/blurt-is-under-heavy-spam-attack-right-now https://peakd.com/@edicted/happy-block-50m-blurt-under-attack You see people on blurt were either delusional or intentionally bad actors. Rather than fork away Justin Sun's toxic stake they simply hijacked the entire governance structure and promised that they'd give back power later. Anyone who was around back then knows that emotions were strong and often very irrational. It's not hard to see why some users got tricked into thinking that this was the way to go. After all: "stealing is bad" and "censorship is bad". Clearly these are not absolute statements, as stealing and censorship are pretty good options for dealing with criminals like Justin Sun. We just needed to make sure not to set a toxic & corruptible precedent, and from what I can tell we succeeded. blurt-logo.jpg Point being that there was some kind of bug with resource credits when Blurt created the fork, so they scrapped the entire system. My post December 29, 2020 Blurt has come under attack by an "unknown entity". When they scrapped the Resource Credit system, they started micro-charging users to post on the platform. In making this change, the opened up the network to a number of attack vectors. Some of the operations on the Blurt blockchain don't have this associated microcharge, so the attacker is spamming transactions and filling up the entire blockchain with garbage without running out of resources to do so. Uh yeah, I know who the hacker was. I had front-row seats to that shitshow. It was glorious. I can tell you with 100% certainty that the "hacker" was totally whitehat and tried to warn the Blurt devs multiple times that what they were doing wasn't going to work. When it was clear the Whitehat was being blatantly ignored they got frustrated and started filling up all the blocks for free with random ass completely valueless transactions. Then when I reported on this the Blurt guys tried to cancel me and say that 'clearly' I was the 'hacker'. That was really icing on the cake, that. What a crazy time to be alive. Yes bruv, I am the leetzors hackooooor. lol When a blockchain offers data to be posted for free the result is always going to be systemic failure, even if there is nothing to gain by attacking the network. If it can happen: it will happen. Even centralized agents have a very hard time providing this kind of service. Such models become untenable given a decentralized platform that redundantly stores all the information for every node that exists within the network. bandwidth-tech.jpg Luckily Koinos and Hive aren't actually free: part 2. Hive has Resource Credits and Koinos has proof-of-burn. These are real costs, but because neither blockchain actually has enough adoption to fill up the blocks: we market this cost as "free" because the value of the derivative bandwidth asset rounds to zero. There is currently no market for bandwidth because bandwidth is extremely abundant and exists everywhere. No market means no demand; no demand means no price; no price is marketed as 'free'. Easy. Until there actually is demand for bandwidth. Given the coin distribution of any network (there are rich and poor people everywhere in the world) it is not possible to suppress the value of the bandwidth derivative forever. It's easy to make an argument like, "Well if people want bandwidth they'll just power up Hive or burn Koin," and that will be true during that phase of the market. It's the phase that comes after that most people do not anticipate. phase-3-profit.png Phase 1: free bandwidth / low token price Phase 2: free bandwidth / high token price Phase 3: derivative market / very high token price Given actual adoption, it is impossible to stop a bandwidth market from popping up. All of a sudden the thing that was free is no longer free, and it's MUCH MUCH less expensive to buy bandwidth straight up than it is buy the governance token and leverage it into bandwidth. The second this happens the market becomes flooded with bandwidth coming from whales who now realize they have access to a 'new' asset they're farming for free but can sell at a non-zero value. The inflation to the derivative market will be a thing of legend, driving up the costs of operations on the chain 10x or more. The governance token price would have to 100x or more considering the history of crypto. After all, the governance token can do many other things besides just creating bandwidth. Bandwidth farming is simply the crunch that squeezes liquidity out of the market and makes it even more volatile and harder for new users to purchase. Not only are more people buying: but also no one wants to sell in an environment like that, even as the spot price moons during the bull market. We've seen this play out enough times to know exactly how these things go down on a psychological level. "This time is different." price-value-scale-unit-account.jpg The gift that keeps on giving. Google serves you ads. It monetizes you indirectly. Facebook monetizes your data, but it doesn’t charge you to use its platform. Apple’s store takes a 30% cut from developers and publishers, not from you. In all cases, you’re paying — just not with cash. Again with another comparison to WEB2, and the logic simply does not translate. You would pay a penny to do a Google search if the charge happened in the background and you never had to think about it. You'd gladly do it if that same Google search paid out 2 pennies in return. That's just basic math. You spent 1 penny and you got 2 pennies. You're in the green and turned a profit even though the system monetized you directly. The reason Google can not monetize its users directly is because such a thing would create an ABYSMAL user experience and make people rage. Google does not have direct access to their own cryptocurrency. What are they going to do? Ask you for your credit card number so they can charge you a penny? Oh and then also ask the credit card company to refund the account 2 pennies for good searches? chad-no-meme.jpg That's a resounding 'no' from both the user and the credit card company. The overhead cost of that system is insane. What happens if there's a hack and a billion credit cards get leaked to the darkweb? Crypto doesn't have that kind of liability because the user is responsible for securing their own keys, not Google. On Hive if you get hacked you recover your account and hopefully learn your lesson and change your behavior so it doesn't happen again. In crypto the worst hacks always occur when users pool their liquidity together within the same account or contract. These are the honeypots we actually need to watch out for. price-value-scale-unit-account.jpg The gift that keeps on giving: part 2. No matter how small their fees get, thanks to incremental reductions from the likes of Solana or the myriad layer 2s out there, it’s still a fee that most people won’t pay. Again, this is the wrong mindset. All bandwidth across all chains has value. Chains with less adoption or more centralization are cheaper to use. Just because one chain has a higher fee than another chain doesn't mean everyone is automatically going to use the cheaper option. We have to ask ourselves what we are actually getting for the price we pay. On Bitcoin the price is 100% security. If you value massively high security or are transferring around huge sums of money, use Bitcoin. Pretty simple. It might be 100x more expensive to use BTC over Litecoin, but Litecoin doesn't have the same security guarantee or the same liquidity pool depth. Something something gold and silver. What if you could mint and sell an NFT on Ethereum worth $1000? Wouldn't matter if the operation fees were $100: you just made $900. Fee on BSC might be $1 but if the NFT is only worth $10 then why would you even bother? Stick to the big-boy chain. The total quantity of the fee is irrelevant by itself. What matters is the ratio of the fee when measured against the value one can extract out of the data being stored on chain. What a lot of people don't seem to realize is that we can transmute bandwidth on the blockchain and turn into even more value. It does not matter how much a fee costs if the value being created has exponentially more value than the fee. Why does this escape most assessments of the situation? Well, probably because the current infrastructure is very much lacking and all the business models have ultimately been complete failures. On top of that when fees spike it pushes lower-tier users through a meat-grinder of overhead costs that pisses them off and makes them very verbal about it. However it only takes a wee bit of vision to realize that's not always going to be the case. Infrastructure is always improving. image.png Andrew Chen, a partner at Andreessen Horowitz investing in games, metaverse and consumer tech, shared the following graph. He suggested that “the best way to bend the retention curve is to target the first few days of usage, and in particular, the first visit.” Oh! You know as much as I hate to agree with some A16Z venture capitalist I'm actually 100% onboard with this concept. Or maybe I'm just trying to trick you all into thinking I'm not always an entirely unreasonable bastard. One of those! FIRST IMPRESSIONS ARE ESSENTIAL Doesn't matter whether we are talking about shaking someone's hand, crypto, or whatever else. The retention curve is important. We want people to be excited by the experience of something new while mitigating any potential frustration that might turn them away. I feel like this is an obvious certainty. What's not so obvious is how to actually accomplish such feats of strength. Compare the onboarding process of a poorly designed app to crypto onboarding. It may be bad, but it’s not even the same sport. Crypto is the most user-unfriendly technology ever hawked to the public. To those who struggle with tech, it’s the digital equivalent of being punched repeatedly in the face. Ha... yeah... woof. No comment. Over time, crypto has not become much friendlier. You, dear reader, are enjoying a specialist publication. You’re probably a degen with a liquidity position on Uniswap and a Milady in cold storage — but the words in that sentence make no sense to a normal person. Do you guys know what a Milady is? I actually was compelled to look it up. I guessed NFT, and I was right. image.png So, blockchain has to change. It has to become a frictionless experience, a background technology, like everything else we use — from the internet to our phones to our TVs. We don’t care how they work. We just care that they work. Right so I guess this is where the article takes a turn and starts unleashing all these bangers that I 100% agree with. I knew I picked this post for a reason. Good thing too because my long-winded counterpoints have increased the size of my own post to absurd valuations. Lastly, and perhaps my single biggest critique of the crypto industry, is how utterly nonchalant we have come about asking billions of people to do things they don’t really want to do. Nailed it. I also have to give props for not mentioning Koinos or any other specific blockchain. Conclusion All blockchains require a fee to use the system. This is a universal fact. Any blockchain that doesn't is simply doomed to fail via Sybil attack, especially if there is a financial incentive in play. What Jon Rice doesn't seem to understand is that we are simply in a transitional period. When mainstream adoption actually comes a lot of these arguments go straight out the window because crypto users will be more than comfortable jumping through hoops to get what they want. And what do people want? Well, money of course. People want to work, build value, and get paid. We simply haven't built the infrastructure to support this reality yet, and that's frustrating. It is what it is. At the same time we should not underestimate the amount of work users would be willing to do for relatively low wages. Even a base wage of $5 an hour would be an astronomical feat on a permissionless platform with no one in charge. That's a fact. Blank-to-earn business models do not work. Play-to-earn doesn't work because playing games doesn't build value. Exercise-to-earn doesn't work because exercise does not build value to the network (within the current ecosystem). It's possible to make these models work using more refined infrastructure, but that currently does not exist: we have to build it. A lot of this is trial and error. Many mistakes will be made. #leofinance#proofofbrain#koin#koinos#cointelegraph#rc#bandwidth#blurt 5 hours ago in LeoFinance by edicted (82)$36.30 340 votes Reply 1 Sort: Trending [-] rikardonaranjo (63) 5 hours ago Muy buen post increíble, gracias por compartir $0.00Reply https://www.bitcoinmyk.com/activity/p/661/ Fri, 29 Sep 2023 23:48:51 +0000

Sink or Swim: The Curse of Mainstream Adoption
edicted (82)in LeoFinance • 5 hours ago
image.png

Jon Rice is the founder of the Koinos Federation, an alliance of projects building on the free-to-use Koinos blockchain. He was previously editor-in-chief at Cointelegraph, Blockworks and Crypto Briefing.

Interesting resume!

Pay-to-Use B…Read More

]]> 0 05d7bd3cfd987d9208e0ef21fab42ad5 Top 100 edicted (82)in LeoFinance • 8 hours ago Let's be honest It is painfully obnoxious that Hive isn't in the top 100 market cap. Like, come on, we deserve to be there. I mean just look at all the garbage that sits as a placeholder until the real ones come around. It's just comical at this point. I mean please, that's hilarious. Remember how Terra Luna "crashed to zero"? Yes well apparently when something crashes to zero it can still have a market cap that's over three times as big as Hive. Pretty funny honestly. Ah, the power of dumb and greedy institutional money combined with overzealous communities. And then at #100 we have Coinbase Wrapped Staked ETH. So simply a centralized derivative of ETH that only exists on Coinbase is once again three times our entire market cap. Pretty wild honestly. We got trust wallet token in there and Huobi (and KuCoin and LEO), which again is just kind of funny to see random exchange tokens that are very obviously cash grabs with zero utility sitting in the top 100. At least with tokens like dYdX or Uniswap or Rune it makes a lot more sense to have a coin because the exchange is actually decentralized and exists on-chain rather than being funneled through some blatant centralized agent that scoops 100% of all trading fees. We can see BitTorrent token there as well... a token that was created well before we even knew that Justin Sun was a rampaging dumpster fire. I've actually written multiple posts on-chain about how exciting it was to see the BitTorrent token. What have they done since then? Well obviously nothing because legit no one on Hive is using or talking about the protocol in any capacity (good or bad). Even greater than hate: indifference is the ultimate indicator of complete systemic failure across the board. It isn't love it isn't hate it's just indifference. See that even Taylor Swift agrees. Then there are all the potentially legitimate projects in the top 100 that seem like a good idea but haven't actually done anything yet. For example VeChain & Filecoin. Yes, it seems like a good idea to put data on the blockchain or to use blockchain to track products in the real world, but the devil is in the details and the incentives of these networks actually don't align in a way that creates a working product that the world actually wants to adopt. There's also no supply shortage of meme tokens in the top 100. Imagine being a Bitcoin Cash moonboy at #18 and seeing god forsaken Shiba Inu at rank #17. lol ouch! Farther down the list we see Apecoin with x4 the MC of Hive, and of course the ultimate and original memecoin Doge towers above them all with an $8.7 BILLION dollar market cap. heh. It's funny to think that Hive needs to x85 just to catch up to Doge of all things. Then come the gaming tokens like Axie Infinity, Decentraland, and more generically Avalanche. Wanna know how I know all these products are hammered dogshit? Because I'm a hardcore gamer that just finished a 569 hour game of Factorio and I'm sitting here writing this post instead of creating content for a gaming platform that knows how to actually leverage decentralized creation and ownership. Doesn't really get more clear-cut than that. Legitimate crypto products don't need to advertise or market themselves. Their utility alone should easily be enough to make them go viral. But I digress. Legitimate crypto products don't need to advertise or market themselves. Their utility alone should easily be enough to make them go viral. Oops So what happens when we retrospectively apply that same logic back on the Hive network? Ah well it basically just proves that while we may be on the cusp of greatness, we haven't actually done anything to truly merit a breakout by sheer force of will. In fact it could be argued that no cryptocurrency has achieved such a feat except maybe Bitcoin. Everything else is simply trading based on rampant speculation. And even in the case of Bitcoin the argument will not be fully validated until dozens of banks, governments, other institutions are utilizing it (seemingly against their will). If you can't beat 'em, join 'em! Stablecoins! Hey hey let's not forget about the ultimate shitcoins: the ones pegged to assets inside a fractional reserve system. We got Tether and USDC in the top ten alone. Then comes Dai and TrueUSD. Used to be an argument could be made that Dai was decentralized. Now a huge portion of the underlying collateral is USDC. Oops. Let's wrap a derivative inside a derivative inside a derivative and see what happens. I'm sure it will be fine. Hilariously enough it doesn't stop there. We got BinanceUSD under extreme fire from regulators and yet still has over two billion dollars. We've got the PAX dollar and even shit-ass USDD compliments of Justin Sun... which means Sun has at least 3 coins in the top 100 that I know of. lol. Hm there's also a token here called FRAX which I've never heard of that is an algo stable coin. Don't know how it works, and don't care! Same story for the dozens of other tokens in the top 100 that I've never heard of or care to find out. I don't need to be wasting my time trying to keep up with the next new fad. This isn't 2018 anymore. I'm a Bitcoin and Hive maximalist now. These things happen. And then there's the one last elephant in the room we call EOS. Current market cap x6 higher than Hive... but also worth x23 less than it was during the ICO phase: when it was nothing but a worthless placeholder on Ethereum and the main-net didn't even exist. Hilarious. What an embarrassing project. Can you imagine? Runs off to fix all the problems of the previous network only to create something that was even more prone to failure. EOS had infinite funding. They did not get sucker-punched by a punk vulture capitalist billionaire. And yet I feel like we are still in much much better positioning than EOS at this point. Pretty crazy honestly. Regardless of all that, considering the competition, it's pretty obvious that EOS deserves to be in the top 100 and I wish them all the best on their journey. I do not envy that community considering they probably aren't going to get anywhere until they fork Block.One into oblivion. Good luck with the hostile takeover, friends. So Hive has to pull an x3 while the market stands still just to get back into the top 100. In all likelihood such a thing would happen during a bull market so the move would have to be exponentially more pronounced than that, at least when measuring against USD. For a while there during the 2021 bull market things were looking pretty promising. We pushed our way to about rank #180 before falling back down to our seemingly standard level of #220. Don't even get me started on rank 100-200. It's basically just no-man's-land with a handful of scattered promising projects and everything else simply has-beens from previous bull runs. Yes, dash is indeed top 200 now. Hilariously enough it's also worth pointing out that even though DASH has crashed from rank #7 to rank #106 over the last 7 years, the token price is still worth double what it was back then. From here it becomes a matter of perspective. Is that a failed investment? Because if we compare it to the stock market over the last 7 years it's actually a pretty good investment. So it doesn't really matter than Dash lost a hundred ranks on the market cap. A rising tide lifts all ships. Doesn't matter of Hive sits at rank #220 forever if crypto as a whole decides to go x1000. An x1000 on Hive can change the world even at rank #220. This brings us back to the theme of none of these networks being in competition with each other. This is not a zero-sum game. There is no rule that says we can't all be winners. Economies are largely collaborative, especially permissionless ones like crypto. Both sides are supposed to gain when a trade agreement is made. While getting into the top 100 and beyond would be nice and get us some more attention within the attention economy, there are still plenty of other ways to go about getting noticed and making ourselves heard. It's also quite noteworthy that even when Steem was rank #8 in 2016 the token price was only 45 cents and the market cap was only $73M. Hive's current market cap is higher than that, and while the current token price of the network is only 30 cents it's still quite obvious that anyone who was involved back then should still be in the green today. In fact when we add the price of Hive to Steem we can see that it equals around 47 cents, which accounts for the hostile takeover and resulting Hive airdrop. Once the yield is calculated for curation and HP interest rate it's a pretty healthy profit. Certainly didn't outperform Bitcoin but that's beside the point. It's actually pretty unbelievable that a network that experienced so much hardship could still be in the green after everything that went down. Impressive. Unfortunately the days of being able to say "this is a great time to accumulate" are long gone. Nobody wants to hear things like "buy the dip" or "soon™". On the flip side it's nice that it looks like we aren't going to bottom out at that dreadful 10-15 cent level, but also we aren't out of the woods yet. 2020 was a pretty boring year for alts (except for the degen DEFI stuff) and 2024 might be largely the same considering the current economic climate combined with the 4-year halving cycle. Conclusion The crypto market cap rankings can be quite deceiving. Not only is market cap a very flawed way to measure value, but also this number gives us zero indication as to the network having any fundamental value or staying power whatsoever. I know for a fact that the Hive community has staying power, can't say the same for the vast majority of tokens I'm seeing in the top 100. It's only a matter of time before a lot of these networks drop like flies; same as their predecessors. Not that we should wish for such things to happen, only that they will and there's nothing we can do about it. The more successful networks exist in crypto the better. These are cooperative networks, and the false competition that is constantly projected onto them is fueled by nothing but a greed and scarcity based mindset. We would do well to evolve past such toxic and outdated modes of analysis. Posted Using LeoFinance Alpha #top-100#market-cap#leofinance 8 hours ago in LeoFinance by edicted (82)$86.36 500 votes Reply 21 Sort: Trending [-] bitcoinflood (79) 7 hours ago It all comes down to, just because you think you have a great thing doesn't mean everyone else is going to think it. This is what hive lacks big time. Its created major waves and sour taste in some mouths of which is money that will most likely never flow into it. There's still a massive lack in any applications for hive it's kind of just sitting there waiting for development work to be done. There needs to be more users but also more utility for the hive and HBD tokens along with liquidity. So much of it is locked up for 13 weeks it's pretty crazy and then earnings on top of that get locked up at 50% which is also kind of crazy. Hive needs to start learning some lessons from the successes of other chains no matter how much you might hate it. Money talks. $0.08 2 votes Reply [-] edicted (82) 6 hours ago Hive needs to start learning some lessons from the successes of other chains no matter how much you might hate it. I don't think there are any other networks we can learn anything from. Which one? What lesson needs learning? Getting VC money? Which network became successful without some form of toxic centralization? Which network is better than Hive at allowing users to monetize their own content creation? I'm not seeing an answer there. Very much feels like we're just in completely uncharted territory. Flying blind, as they say. $0.05 1 vote Reply [-] bitcoinflood (79) 6 hours ago I would say not so much blockchains but instead web2 socials in which applications would be built on top of hive. If anything the first major issue is the lack of development happening on hive and should be a focus area by either the core devs or a way to onboard application developers. From that these applications need to understand web2 aspects of business which generate real revenue and growth and apply that to them. That in a way should help hive grow in value. The only value it has right now is speculation or needing resources to run an application. With few users and few application there's a ton of resources not being used. $0.03 2 votes Reply [-] edicted (82) 6 hours ago Hm yeah totally but also a single application getting real adoption would bring the entire network to its knees. And that doesn't have to be a social network. Could be a game. Could be porn. Could be anything. Hive is not a social media blockchain it's just a blockchain that stores text that we happened to build a social media app on top of. It's a pretty big distinction that's very easy to miss for anyone who hasn't tinkered with the API. Hell there are even a handful of hardcore devs on chain that are totally stuck in this mindset. $0.04 1 vote Reply [-] bitcoinflood (79) 6 hours ago well shoot that doesn't sound good and still stems back from what we saw when Splinterlands had that bot army going for a while and seemed to crush the network a few times. Hopefully we get some deets out of hivefest on future plans and some real growth and value. $0.03 2 votes Reply [-] edicted (82) 6 hours ago Ah well the Spinterlands thing is interesting because their tokenomics financially incentivized a Sybil attack on the network. Attacks like this are totally unsustainable and will never result in a long-term problem. Again this was not a Hive problem whatsoever and 100% falls on Splinterland's shoulders... which they actually fixed quite quickly. Unfortunately a lot of value has been drained from the SPS network because of it. $0.03 1 vote Reply [-] valued-customer (72) 2 hours ago When Steem was fresh in 2016 it had great promise in a less crowded field of cryptos. Social media was then, and is now, the largest industry in the world, and Steem was practically the only player in that field. But the plutocratic governance mechanism enabled censorial stakes to eliminate users, in a variety of attempts to shape narrative, and focus rewards (into their wallets). The bidbots put paid to Steem's promise, an awesome showcase of the flaws of a plutocracy that has gained us two new oligarchs, Wolfie and Marky. The conquest of Steem and the creation of Hive were the fulfillment of the hazards of plutocracy demonstrated above, and the history of hard forks hasn't changed the fundamental failure of plutocratic governance to provide a great censorship resistant social media platform. We have a social media platform, and we're using it right now, but I'm donating 25% of my rewards to resist censorship for reasons other than spam, scams, or plagiarism and promote other creators. I kick down 5% of my author rewards to each of three creators (@logiczombie, @baah, and @por500bolos) that produce valuable content, do not spam, have never scammed, and cannot get a satoshi from comments or posts on Hive today because they're all flagged to zero. That is a sign that Hive isn't the social media platform it should be. The initial claim to fame of the platform was censorship resistance. I am a true believer in that feature to drive a platform to success because everyone wants to be able to hear information they desire to know, and to speak their understanding. No one wants to be censored, and in 2016 censorship was already a blight on the Western world. Today it is much worse. The Twatter files have resulted in lawsuit against the USG for coercing 'private' social media companies (strangely all being initially funded in part by InQtel, the investment arm of the CIA) illegally to censor Americans, whom are specifically protected in the First Amendment to the Constitution, that is the charter defining the limits of power of the USG. Today I hear that Musk is considering making Twatter paywalled in order to counter bots, but the bots that don't create nominal income to afford any potential paywall that leaves Twatter any users at all are crude and easy to ban anyway. Not that I care about Twatter, but it still has many users despite Musk failing to turn it into a free speech haven as he said he would, and that very (false) claim illustrates that market in social media for censorship resistance. Just yesterday I read that the Online Safety Act just passed in the UK and will soon become law. This will either cut the UK off from social media platforms, or those platforms will conform to this law in order to retain UK users. Other edge cases exist. Exceptions to the rule always do. Censorship resistance becomes more valuable by the day, and Hive is dodging that mass adoption a decentralized censorship resistant social media platform would enjoy like OJ Simpson dodged tackles. The best part of Hive isn't it's token. It's the use case. Social media, despite it's increasing degradation across the world, remains the largest industry on the planet. It's a crying shame Hive hasn't been able to fork up actual censorship resistance to tap that market begging for the functional application of the primary use case of the token. We even have a decentralized blockchain that prevents content from being eliminated from the platform (as a rule), but the anti-spam, scam, and plagiarism censorship mechanism has been abused for a variety of reasons that have turned that original promise and potential to explode in value by providing singular utility to the market into a shrinking, economically moribund coulda been contender. We've let our token undercut it's own value by making it a tool for censorship that prevents Hive from gaining adoption that is demonstrably today desperately seeking a home. If we fix that problem Hive could easily surpass BTC in market share. Thanks! $0.03 2 votes Reply [-] mawit07 (77) 7 hours ago On the flip side Hive hasn’t fallen off the cliff in ranking like many other cryptos. In hive I trust. :) $0.03 2 votes Reply [-] tarazkp (84) 4 hours ago I still think people suffer from the "one ring" mentality, that winning at crypto is about creating a monopoly token. I feel they have missed the point. $0.03 2 votes Reply [-] edicted (82) 4 hours ago Yeah I mean not only should we not be rooting for such an outcome but the possibility of it even happening is 0%. Blockchain is way to inefficient by design to corner the market. Communities themselves mirror this as well; it's not possible to create one community to rule them all. Funny to watch libertarians and anarchists literally root for some kind of new-age crypto deep-state. $0.00Reply [-] igormuba (70) 6 hours ago Hive development and marketing is very down to earth. Not many moonboys and not much overhype. Despite the existence of bots it seems like Hive numbers are pretty much organic. The low liquidity caused some spikes in the price in the past, but seems like not many are interested in pumping and dumping a coin from a Blockchain like ours I can only imagine it is due to the reputation based system we have, punpers and dumpers pretty quickly get ostracized and it becomes transparent the people that just want to make a quick buck Seems like due to the nature of our Blockchain, based on debate, reputation and pretty much a democracy, attemps to overhyper and pump are short lived So yeah, our numbers seem organic, rational and "correct" compared to blockchains and coins that literally need memes and marketing to survive The main use case, in the end, is blogging $0.03 2 votes Reply [-] biyimi (67) 7 hours ago I believe as time goes, we will get there one day $0.03 2 votes Reply [-] preparedwombat (76) 7 hours ago Even if 2025 turns out to be a raging bull, Hive could do quite well and still not break back into the top 100. “A rising tide that lifts all boats” would lift a bunch of shitcoins too. But I’d rather stack Hive and Satoshis than hold a basket of garbage. $0.03 2 votes Reply [-] edicted (82) 6 hours ago I'm going to be particularly fascinated if the narrative of the next bull run is DEcentralized SOcial media and we STILL don't make it in to the top 100. lol. $0.05 1 vote Reply [-] rafzat (66) 7 hours ago I actually have the feeling that Hive could do well in the future and outperform others but what can we do to achieve that? What are the necessary steps to take? $0.03 2 votes Reply [-] edicted (82) 6 hours ago There are no necessary steps to take. It's a waiting game. The network is just going to do what it does. No one can control it. Certainly we all have our parts to play but collectively it's very much just slow-moving chaos. $0.00Reply [-] nonameslefttouse (76) 7 hours ago Do not fear. At least I'm still here. $0.03 2 votes Reply [-] toluwanispecial (54) 7 hours ago Not seeing hive listed in the top 100 is not encouraging. We have the community, the investors and decentralized ecosystem. What is stopping us from emerging as top 10? Those coin or token that occupied the space are not better than hive. Should I say it is politics that is limiting us? Or we aren't doing enough as a community. Or maybe we need to do better. Is centralized platforms the answer? $0.00Reply [-] oluwadebby (61) 7 hours ago I am also of the opinion that we don't have to be among the top 100, to make impact in the crypto space. As more token and coins keep coming up, there visibility is important, hence there reaching the top 💯 $0.00Reply [-] rikardonaranjo (63) 6 hours ago Un post increíble!!!!! $0.00Reply [-] filotasriza3 (70) 4 hours ago honestly i can't agree more. I don't what exactly we need, maybe better marketing and to attract more people that will create dapps around the hive ecosystem? Like splinterlands for example. I believe these 2 ways are some of the keys to make hive reach new heights and ofc to do more as a community together, not simply have small team of 5-10-50 people trying to attract people all by themselves! $0.00Reply https://www.bitcoinmyk.com/activity/p/650/ Sat, 23 Sep 2023 02:22:50 +0000

Top 100
edicted (82)in LeoFinance • 8 hours ago

Let’s be honest
It is painfully obnoxious that Hive isn’t in the top 100 market cap. Like, come on, we deserve to be there. I mean just look at all the garbage that sits as a placeholder until the real ones come around. It’s just comical at this point.

I mean please, that’s h…Read More

]]> 0 24120b98aeeb5719bb99b8f9ba53e105 Communities Leaderboard Deterministic Simulation 82 edicted @edicted • 10 hours ago 6 min read image.png image.png Hive needs a 'state' lottery. What better way to prove our sovereignty than by creating a system that completely undermines the established status quo? All lotteries exploit the players and mathematically syphon money from the masses and funnel it into the hands of centralized agents. This ends up being extremely hypocritical because the complexity of offering a game such as a lottery ends up being exceedingly simple. Notice how games of higher complexity are completely free. No one would play chess or checkers online if there was a cost. Poker should be free-to-play as well, but it never is. Why? Because money is changing hands. Whenever money is changing hands humans can't help but take a cut of the flow for themselves. Hive is in a unique position in this regard. I mean just look at most of the other blockchains out there. A fee is charged to post an operation on Bitcoin or Ethereum. Seeing as most of crypto is EVM chain based implies that fees are pretty much inescapable at the moment. Luckily our network allows users to yield farm that bandwidth as a derivative asset rather than charging the primary token. This is how we maintain 'free' transactions. image.png image.png We can see here that the odds of winning the Powerball are one in almost three hundred million. With only eight billion people in the world that means if everyone played once... only 27 winners would exist on the average... out of the entire world. Luckily there are many more winners than that because people just keep buying tickets: especially when the jackpots are near all time highs. Or perhaps "luck" has nothing to do with it. Personally I've never played the lottery because I know exactly how bad the odds are. Still this doesn't seem to stop others from hoping to 'make it big' and escape the drudgery of their nine to five job. Statistics really should be a heavily required mathematics in school, as the real-world applications are far more numerous than any of the other mathematical disciplines. And yet stats seems to be an outlier that many never even get exposed to. The conspiracy theorist inside me says this is because if everyone had a better understanding of statistics they'd know just how badly the current establishment exploits them. Can't have that. Marbles on Stream My original idea to create a lottery on Hive started out as a very basic concept. Bitcoin hashes would be used to seed the random numbers. This way the randomness of the game would be secure and completely unhackable (as long as the jackpot stays low enough so that Bitcoin miners don't throw block-rewards away in order to game the system). However, a backend dice-roll is boring. I can appreciate that players like to have a visual representation of the gambling experience. Something like Plinko would do quite nicely. Then I remembered Marbles on Stream which was viral on Twitch.TV for a hot minute. I couldn't help but wonder how obsessed people would be over a marble simulation like that which actually paid out real cash prizes (in the form of crypto) to the winners in a provably fair way. Truly the establishment is on borrowed time and crypto can do things that they just can't. It's only a matter of infrastructure. https://www.youtube.com/watch?v=OFdH1SPg9_g&ab_channel=Dapper Algodoo The other day I was doing research on this idea once again and I came across this program called Algodoo. Rather than a 3D-simulation like Marbles on Stream it's a 2D physics engine that can do a lot of different things. Something like this would be perfect for the application in question. Unfortunately then I realized that the devil is in the details. There's certainly no reason to reinvent the wheel, but what if the wheel doesn't exist? There are tons of marble simulators and other physics engines online to draw from and copy, but how many of those are actually deterministic? Deterministic? In order for something like this to be decentralized everyone has to be able to run the simulation independently and everyone needs to get the same answer to come to consensus. It's an extension of crypto itself. Crypto accomplishes this, among other tactics, through the process of serialization. All the data is organized into a very particular order and format so no matter what operating system or hardware one is running: all machines will come to the same answer. https://www.reddit.com/r/Algodoo/comments/kgh17h/why_does_the_angle_property_constantly_change/ https://www.reddit.com/r/Unity3D/comments/ivg2ye/how_would_you_go_about_creating_a_deterministic/ Further research on this topic in places like Reddit and Stackoverflow show that deterministic simulators are actually quite rare. Most will cite the unpredictability of floating-point logic as the cause but there are many other reasons for this as well. Not only can determinism make a simulation clunky and slow, it can also make it less random and less likely to create a Chaos-Theory effect, which is exactly the point of most simulations. 100% determinism means you can't use any nonfixed deltatime for calculation. You'll need a simulation backend that runs in discrete steps. This means you can't use Unity's physics solvers or animation system in any way that will affect the simulation since a lot of unity's systems inherently rely on the deltatime, and the physics system uses randomness to maintain stability (if I remember right). Your sim needs to be 100% a blackbox, meaning that animation & physics (plus other systems) must only receive simulation state but never ever feed back into it. It's said floating point precision can also cause issues but this is only true if your simulation runs across multiple processors that don't use the same floating point architecture (for example multiplayer) but it's rare that this is the case - most modern processors use ‎IEEE 754 As long as your packets (in multiplayer) are guaranteed to arrive in order, you should be ok float random = not_so_random It's also important to note here that randomness doesn't truly exist in computers. Most random numbers are generated using algorithms that hash together multiple variables including time. Therefore the outputs appear random but can be reverse engineered if a hacker knows exactly how the algo works. Adding a financial incentive to crack the code guarantees this will happen eventually. R-N Jesus be praised. My COBO hardware wallet (that I never use) creates random numbers using a clever process that feeds imperfections of the physical device into the RNG process. Slight variances in voltage and whatever else are fed into the algorithm. A hacker would never be able to figure out exactly how much charge your battery has or things like that, so this ends up being a 'true random' solution that can't be reverse engineered. However this isn't super impressive because hardware wallets aren't supposed to connect directly to the Internet anyway (especially air-gapped ones). diamond-eye-sauron-2.png diamond-eye-sauron-2.png A final note on "Gambling" Gambling has three prongs on a legal level Consideration (pay-to-play) Chance (games of skill aren't gambling) Prize (usually money) Sweepstakes A Sweepstake is when a company runs a lottery such as this but they eliminate the consideration variable of the equation. If players are allowed to play for free: then legally it is not gambling. The idea being that the marketing and promotion of the sweepstakes is more than worth the cost of it. Essentially it's an advertising model. There's also a case to be made that it's not gambling if a centralized agent doesn't scoop money for themselves (this is how cardrooms in Oregon work) or games of skill (like poker) are not gambling. However it's much harder to argue these points to the regulators and the battles are constant. I'm fairly certain that if something got built on Hive that didn't generate a profit but simply allowed users to gamble for free we'd get a lot of publicity out of that. Sure, plenty of gambling apps have been built here and elsewhere. I've yet to see one that was both compelling on the frontend and rake-free. Perhaps the incentives to build such a product simply do not exist. Conclusion We are living in an absurd digital world that hasn't caught up to speed yet. Over and over again, the same tactics of raking money into a centralized agents pockets occur. We call this 'value capture' in the corporation game. It is a necessary mechanic of legacy capitalism and current business models, but crypto will eventually break away from such things. It's not so different from what WEB2 did to WEB1. People like free service. The only question becomes: How does the value get captured if the service is free? 5 416 $NaN AUTHOR LATEST 74 Hiro ❤ Hive @hiro-hive 2 hours ago Is that you Justin "TRON" Sun? :)) 0 0 $NaN https://www.bitcoinmyk.com/activity/p/615/ Wed, 06 Sep 2023 23:24:46 +0000

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Hive needs a ‘state’ lottery.
What better way to prove our sovereignty than by creating a system that completely undermines the established status quo? All lotteries exploit the players and mathematically syphon m…Read More

]]> 0 fd1151f5cd715be1b11c08234bfb3cac logo Artificial Value edicted (82)in LeoFinance • 3 days ago image.png Value as a social construct. The concept of value does not exist outside of society. Sure, you might "value" food on a deserted island. In fact you'll need that to survive so it's quite important. However the measurement at that point becomes binary. You either need the thing or you don't. You certainly don't need money when out in the wilderness trying to survive alone. Even small tribes do not require money because everyone knows everyone and the reputations are built and known between all possible relationships. "I know where you live," vibes come to mind. Only given a larger scale do we need to start pricing things in terms of currency to simplify the connections between people who don't necessarily know or trust each other. So to a certain extent all value is artificial. It's just this idea within our minds that comes into consensus with complete strangers. But even then the concept of value itself has different layers. A consumable has "real" value because you can consume it. Food and water are necessities and can be categorized non-optional. A place to live has "real" value. Clothes, cars, fuel, electricity, and internet connections are all pretty much in the same boat. These are considered standard basic costs of life in most circumstances. buster sword.png But what about a video game? Does a video game have "real" value? The digital world is where things start to get a bit confusing. We could easily make the argument that a video game does have real value. It's a product that people want just like any other optional product that people might want. Why would that be any different than buying a piece of art or a houseplant? However I can definitively claim that every asset within the game is completely artificial. The Sword of a Thousand Truths has a completely artificial value because the code could easily be tweaked to mint an infinite amount of them at any time. There is no limit or penalty for changing code in this manner. Resources in a video game are very much artificial and would be infinite if we programmed them that way. bitcoin-bitcorn-corn.png Bitcorn Bitcoin and all crypto are also an extension of this concept. Bitcoin's value is 100% artificial. I could fork Bitcoin right now and print an infinite amount of tokens. No one could stop me. Of course I'm never going to do that because what would be the point other than joke-telling? The entire practical purpose of Bitcoin is the artificial value aspect of it. It has no use-case without it. 21M 21M 21M In fact the value of all money is derived in an artificial way. Money itself is a social construct whose only purpose is to provide unit-of-account and a medium-of-exchange for commerce. Some people would try to argue that cash had more 'real' value back in the day when it was hardbacked by precious metals, but this isn't really the case, as value derived from PMs is also quite artificial from a standpoint of currency. silver-bullet.jpg Gold and Silver are weird like that: As they have both real and artificial value. If we forge a silver sword to slay vampires and werewolves that has real value, but if we use it directly as money it becomes quite artificial. Okay obviously that's a terrible example because I'm pretty sure vampires aren't real, but gold is still used in electronics and things like that. Using something for real-world products vs a medium-of-exchange or speculative asset makes a big difference. Circling back to Bitcoin... If we think of BTC as a ledger rather than money, collateral, or a speculative asset then we can also make the argument that it perhaps has more 'real' value than we originally thought. Does a world-wide truth-table that can't be messed with have 'real' value? Seems like it does. scarcity-rare diamond.jpg Artificial Scarcity This is a much more common topic that gets discussed at length. Farmers might purposefully grow less food just so prices are higher. A corporation might corner the market and reduce the supply of an asset just to turn a profit. You might be shocked to learn that diamonds are not that valuable whatsoever. Most of the entire business revolves around marketing, brands, and convincing people they should spend 3 months salary on an engagement ring. It's actually pretty gross all around. Blood diamonds exist for a reason. Hop in the time machine. What if you brought a smartphone 1000 years into the past? Would it have immense value because the tech is lightyears ahead of anything the people back then could have ever dreamed of? Not really. How are you going to charge it? How are you going to download an app? How are you going to use the GPS? People forget that the entire value proposition of these devices is that they exist within the greater network of society. Without society: they become completely worthless. I can't signal an Uber during the Victorian Era; that's not how it works. Conclusion Of course at the end of the day a lot of this is just pointless semantics and nitpicking trivialities. Value is value. It doesn't matter if it is artificial or not. This is very much irrelevant within a lot of contexts. If you could make a million dollars selling a real-world product or two-million dollars selling a digital product, you're probably going to sell the digital product. Nobody cares if it's 'real' or not. The concept of being real itself is debatable. Still there is some value in making these categorical distinctions in order to understand the limitations of the world around us. We COULD print Bitcoin to infinity if we wanted to, but we can't print food or lithium batteries to infinity. We choose not to print Bitcoin to infinity on purpose, as this ironically creates abundance and value out of thin air. It's all very Zen. Everything is as it should be. #leofinance#proofofbrain#artificial#scarcity#abundance 3 days ago in LeoFinance by edicted (82)$41.04 415 votes Reply 27 Sort: Trending [-] nonameslefttouse (76) 3 days ago Shoes are incredibly valuable. Could spend $1000 on a pair and feel great. Yet one doesn't really notice the true value until they discover some asshole stole their shoes, and now you're the only guy on the bus without any, on your way to the hospital so they can pull the broken glass out and put ointment on the burns because holy shit. Who knew asphalt could be so hot. $0.08 4 votes Reply [-] edicted (82) 3 days ago Life is a journey. $0.12 1 vote Reply [-] nonameslefttouse (76) 3 days ago And it's been one hell of a trip. $0.00Reply [-] theb0red1 (68) 3 days ago I thought it was a highway $0.00Reply [-] edicted (82) 3 days ago Are you going my way? $0.01 1 vote Reply [-] shortsegments (76) 2 days ago (edited) We are all on the same road, but different timelines, which frequently intersect causing branches when one of us has enough power to change the direction of the other persons life. $0.002 votes Reply [-] edicted (82) 2 days ago I don't remember these lyrics. $0.06 1 vote Reply [-] acesontop (79) 3 days ago I've learned that back in the day when I was working as a postman. Good shoes are valuable. Health is more valuable than all the money in the world. $0.12 1 vote Reply [-] nonameslefttouse (76) 3 days ago You know what money can't buy? Calluses. $0.03 3 votes Reply [-] acesontop (79) 3 days ago What the heck is that? English not my native language... $0.03 3 votes Reply [-] edicted (82) 3 days ago image.png Do you even lift, bruv? $0.00Reply [-] acesontop (79) 3 days ago What do you think? 20230828_223424.jpg $0.00Reply [-] edicted (82) 3 days ago I think you might have calluses. $0.00Reply Load more... [-] acesontop (79) 3 days ago Technically we have 19 million BTC in existence but who knows how much is actually being traded on exchanges. If they are using paper Bitcoin then the cap doesn't have that much value. $0.03 3 votes Reply [-] edicted (82) 3 days ago That's not a situation where exchanges can win. The volatility of crypto is too high. Eventually every single exchange that does it will go bankrupt. Most do after a single bear market. It also ignores up and coming DEX tech. We already seen what happens when exchanges get run like fractional reserves. There is very little wiggle room in crypto. And that's because of the cap, and on-chain data. $0.00Reply [-] curatorcat.leo (62) 3 days ago Kinda makes me wonder about the "value" of ostensible marketing gurus who figured out how to persuade humans to stop pausing to reflect on what has actual value to them, vs. what purely has "ego value." =^..^= $0.03 3 votes Reply [-] albuslucimus (66) 3 days ago Beautiful! $0.00Reply [-] beerbod (65) 2 days ago This is a very interesting topic. Value does not only reside in the material and digital space. You are right in saying it is a social construct. Value can be relationships between family and friends. In my case the thing I value the most is my wife and our marriage. Memories and experiences are also valuable thats why i dont wait for adventures to happen and i create them. $0.00Reply [-] shortsegments (76) 2 days ago Value is an interesting topic, sometimes seems value like beauty, is in the eye of the beholder. $0.001 vote Reply https://www.bitcoinmyk.com/activity/p/601/ Thu, 31 Aug 2023 16:57:06 +0000

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Artificial Value
edicted (82)in LeoFinance • 3 days ago
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Value as a social construct.
The concept of value does not exist outside of society. Sure, you might “value” food on a deserted island. In fact you’ll need that to survive so it’s quite important. However the measurement at that point becomes binary. You either need t…Read More

]]> 0 96c72403c12638dc71764b257f58fa56 Communities Who wants to be a millionaire? 82 edicted @edicted • 2 days ago 6 min read Image from thread If you had told me back in 2017 (when all this crypto nonsense began for me) that I wasn't going to be a millionaire in 2023 I'd be a little disappointed. Don't get me wrong I'm pretty grateful for what I've got and how far I've made it in this volatile hellscape, but these things just always take more time than we expect. As a rule of thumb we have to take how long we think something will take and double it, and often it takes even longer than that. We overestimate what we can accomplish in a year and underestimate what we can accomplish in 10 years. Well I'm six years in and here's to hoping the next four are the most exciting ones. Some things I've learned: I'm much worse at gambling crypto than I thought I'd be. As someone who made good money at the poker table a decade ago I thought a lot of that ability would translate to the markets. Some of it did, but some if it absolutely did not. I still don't dollar cost average like I should. I still get caught up in the FOMO and FUD cycles. I still get suckered by greed as Lady Luck whispers in my ear that the price is going even higher. I don't hedge properly even though there are many options available to me (20% HBD lol wtf stupid good). My portfolio isn't balanced properly etc etc. That being said I have made one or two really good trades that pretty much make up for a dozen other bad ones. Such is crypto. Actually that part is a lot like poker. Sometimes you have to shoot the moon because the pot odds are so good. You might only have a 20% chance of winning but it's still worth it on the average as the return is better than 4:1. Such is the life of a gambler. The trick is to never go all in because once you bust out it's game over. Image from thread But I thought we were past that. Indeed the entire point of this shebang is to stop PvP trading and start a glorious PvE journey against the laws of Mother Nature herself. Trading is inherently a competitive game with winners and losers, but the systems we are building could very much be win/win scenarios. Money itself has been in dire need up an upgrade for over a century. The bankers haven't wanted an upgrade unless it benefits them, so making a more equitable system was off the table. Now we find ourselves in a position where the dam is about to break and a flood of value will pour out from where it once was horded by the elite. But back to a million dollars Funny how people always center themselves around this ultimate unit-bias number, even decades later after USD has lost a lot of it's purchasing power. It's true $1,000,000 won't buy what it did thirty years ago, and it's not nearly as much as it used to be, but that doesn't stop the entire world from rallying around this number. After all: a million dollars is still a lot. Abundance of money Is it reasonable to assume that every person on the planet could be a millionaire? Running the numbers it seems unlikely, does it not? A million dollars times eight billion people? Yikes! That's eight quadrillion dollars at the low end, which assumes that nobody has more than a million dollars. Probably have to at least 10x that number for it to be even close to accurate... so $80Q... with a 'Q'... lol. Seems thin. I believe I saw some rough estimate floating around out there on the internets that claimed the entire planet is only worth something like $4Q. Of course that's ridiculous because how does one even measure such a thing? The value of the Earth is obviously priceless, because you can't put a price-tag on living. After all... money is just an idea; a human construct. Trying to measure the value of the cosmic nature of the universe is not only a fool's errand, it's also just downright arrogant and potentially even a little evil in a sense. Image from thread Who said anything about Earth? It's also interesting to think that the value humanity builds will one day soon not even be localized to our home planet. Many think there's not enough money to go around for everyone to live in abundance. Well what if robots are doing all the back-breaking labor and technology continues its deflationary spiral? What if rent and food costs plummet by 99%? At that point you don't even have to by a millionaire. Any money you make is legit surplus and the value of it can go a long way. But that's the problem with modern economics. It depends on constant cancerous expansion; it gets obliterated by deflation. Even the simple matter of demographics is an issue. The Baby Boomers are called 'Boomers' for a reason. There are a ton of them and they all happen to be retiring or dying off. The music is coming to an end, and those paying into social security are holding the bag. It's weird to think that all money is debt. It's all owed back to someone in the end. Even when paper was backed by gold the person holding the gold owed the gold back to the paper holders. The only time money wasn't debt was back when people were trading with gold/silver/copper coins directly. Many are currently making the claim that we should make a return to these old ways... but life was never actually as good as we remember it to be. PMs are the past, and crypto is the future. It is known. Moving backwards is not really an option. How weird is it that any of us can click a button and generate wealth out of thin air right here on this network. Not only that, the money isn't debt and isn't owed back to anyone. Wild times. So why am I not a millionaire yet! This is bullshit! Well for starters crypto is a little ahead of its time. The only thing that can kill the legacy system is the legacy system. Crypto has no value if we can trust the people in charge. The more corrupt society gets, the more value crypto has. Will Bitcoin be able to magic up a solution for the problem of deflation? I highly doubt it, which means that Bitcoin will never be money, but rather the ultimate collateral. Funny how that works. Bitcoin can be used to create money (collateralize debt) but can't actually be used as money itself. After all, when's the last time anyone measured the price of anything in Bitcoin? Unit-of-account matters, and volatile assets don't have it. And if we're being honest Hive probably won't be money either. We simply sidestep this hurdle by cutting out the middle man and collateralizing our debt directly on-chain using HBD. Today we are piggybacking off of USD because that makes the most sense. That could change somewhere down the road, but the point is that Hive still isn't money; it's collateral. And that's fine honestly I think it will work out nicely. Still, we have to wonder which crypto will become the real unit-of-account. The one we can measure value against without pegging it to a dollar or another silly fiat currency. That's the true test of crypto; that's real mainstream adoption. I can wait. Image from thread Conclusion So why am I not a millionaire yet? Probably because I haven't done the work. To be fair I feel entitled to the million without doing the work but I guess we'll see how far that attitude gets me. At the end of the day money is just a scoreboard; a human construct. It doesn't measure real value, and the only value it has is what we can actually trade for it. We should probably focus on that side of the equation more. A million dollars is absolutely worthless on a deserted island (how well does it burn?). Automation is the key. The toolmakers will continue making their tools. Money is the glue that holds it all together. 14 495 $NaN 79 Adrian @acesontop 2 days ago Well what if robots are doing all the back-breaking labor and technology continues its deflationary spiral? What if rent and food costs plummet by 99%? I want to see that but my conspiracy mind tells me it will go the other way... In regards to food, the costs may plummet due to food engineering, but not the prices as these motherfuckers want to be quadrillionaires. Maybe the quality will plummet even more... There's one thing we have in common though: all in and all out... I want that damn blowoff top so I can put some cash into staking and start living stress free. 0 0 $NaN https://www.bitcoinmyk.com/activity/p/587/ Sun, 23 Jul 2023 14:39:30 +0000

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If you had told me back in 2017 (when all this crypto nonsense began for me) that I wasn’t going to be a millionaire in 2023 I’d be a little disappointed. Don’t get me wrong I’m pretty grateful for what I’ve got and how far I…Read More

]]> 0 dc910c3877df9c04c308d531e87fd151 PeakD Fizzled Hype 12 Comments / 1 reblogs / 50+ views edicted82 5 days ago C/Hive Gaming 8 MIN READ 1534 WORDS match-flizzle-out-smoke-fire-strike.jpg I'm happy to report that my compulsive playing of Diablo IV has come to an end. I've done all the things, many times, and I'm officially over it. Of course I'm 'only' level 87 still and would like to hit 100. No promises though. While D4 is a pretty fun game for casual gamers with a lot to do in the early to mid game, the endgame is completely broken for several reasons which I'll go into in detail. image.png First off there's always something to be said about men choosing to play a female character in a roll-playing game. The gaming community remains infamous for its toxicity in this regard; a sprawling sub-culture of involuntary celibate dorks who make the situation even worse by being perpetually salty about this situation. "I pick girl character because titties. lol lol." So on and so forth. To start, he voice of the male sorcerer is absolutely intolerable. Every time he speaks all I hear is blah blah blah pretentious douchenozzle. I actually didn't realize how annoyed I could be over the voice of my character, but hot damn D4 showed me what for. I think I started picking female avatars for spellcasters because I wanted a wide range of characters on the games that I played. Different jobs for different people, eh? Didn't quite seem appropriate to have a small female avatar swinging around a 50 pound axe with deadly speed and precision, so if I was playing a warrior class I'd pick a male character just because it made logical sense to me. Also in D2 there wasn't an option for male or female classes... or even customization of your character. The sorceress was the sorceress and she was always a she and always looked the same. Simpler times. No choices. Perhaps that plays into all of this as well. There's also something to be said for the "vessel" always being female. In this case the vessel being the avatar that gives you access to the digital world, but a more relevant example is in the real world where ships are referred to and named after women. Carry me. image.png In any case we crypto maniacs know all about fizzled hype. We experience it on a cycle over and over again without fail. To the moon and back again in record time. King of the world to empire of dirt. And so my rant about D4 begins. First and foremost there is no economy. This is something I've stated many times and knew it would be like this going in, but it's still a huge disappointment. The micro-transactions are all just cosmetics you can buy in the shop directly from Blizzard Entertainment. It's basically the exact opposite of what we are trying to build here in crypto land. I suppose it was inevitable that I'd get bored and walk away from this WEB2 heap. Barring that issue it seems that the same classic mistakes were made in this iteration once again. There was a contest for getting a hardcore character to level 100. First 1000 characters to level 100 in hardcore will have their name etched into a demon statue. The contest ended a while back... I didn't make the cut because I refused to play the game like a chump (IE grinding and exploiting everything for an edge). image.png But of course the incentives didn't align. There was a bug that allowed infinite mobs to spawn in cellars and a handful of other tactics to grind XP without actually playing the game as was intended. Gamers will always find the path of least resistance, and you'd think Blizzard would have figured that out by now after decades of game development, but I guess not. If you don't specifically program in the path of least resistance then gamers are going to find the loopholes and jump through them a thousand times over. Nightmare Dungeons The most difficult task in D4 is to complete nightmare dungeons. These are regular dungeons upgraded with a special Sigil that makes them much harder. the Sigils have ranks from 1 to 100, with 100 being the hardest (level 154 mobs) and 1 being the easiest (level 54). So did Blizzard align the incentives so that players would take the biggest risks to get the best rewards? Of course not. Nightmare dungeons were simply not worth farming for any reason. This pushed players into grinding the same events over and over again in the open world or finding an exploit that would allow them to kill elites over and over again in a short period of time. Essentially this contest incentivized everyone in the race to play like a bot and just grind super safe areas and level up faster than everyone else. Worst contest ever. Just terrible. They really botched it on so many levels. Endgame scaling is nonexistent. I've been in T4 tier four difficulty since level 67 (called Torment but classically referred to as "hell"), and it is so damn boring. One of the biggest reasons for this is that items do not seem to scale with the level of the mobs one kills. As soon as you jump to a harder difficulty level the item drops get exponentially better, and then just as quickly you find all the gear you need and it becomes very difficult to find upgrades even if you're leveling up. I'll be surprised if I find a single upgrade in the next 5-10 levels of gameplay... and I'm at level 87 out of 100. BORING! This is another reason why Nightmare Dungeons are totally pointless. You could be fighting mobs +10 or even +50 levels higher than you and there is absolutely no reward for doing so. You don't get more XP and you don't get better items. I swear it's like they make these stupid decisions on purpose just to annoy their fanbase. Why would you ever make a game with such stupid incentives? It's not hard: high risk = high reward. Duh. Just like everything in life. Again, not hard, but apparently they can't handle it. Two days ago they buffed nightmare dungeons by increasing the XP granted and allowing characters to teleport directly to them instead of riding on a mount from a waypoint, but it's still not even close to good enough. The item drop scaling is still terrible and the XP is still arguably not worth the risk. Completing a dungeon more than +3 your level is certainly not worth it because that's where the XP bonuses end. Bad bad bad. Completely imba gameplay There are a couple of BS cookie-cutter builds in the game that are totally overpowered and everyone is just copying from the pros. The meta is absurd. Whenever I group with a Barbarian or a Druid they just one shot everything in the room and nobody else even has a chance to do anything. Some of these abilities seem to be doing x10 more damage than everyone else, showing once again that Blizzard should be hiring game testers that actually know what they are doing. It's funny too because I bet a lot of these gamers would totally do it for free or at least peanuts. image.png image.png The Butcher There are also a few rare bosses that spawn that are also totally not worth fighting whatsoever. The most obvious example here is The Butcher. He's very hard to kill and Blizzard has even been recording the statistics of how many times he's killed players. Last time I checked it was over 3 million players dead to The Butcher. Do you get good loot for killing him? NOPE! It takes forever, he's really dangerous, and the drops are absolute trash. Again, the failure to align incentives and proper risk/reward scenarios is absolutely flabbergasting. Like honestly how can you drop the ball so badly after putting this much work into a project? It's embarrassing. Conclusion It's always nice to have a forceful wakeup call that reminds us that WEB2 simply cannot compete with WEB3 in the long run. Traditional businesses like Blizzard Entertainment have retreated back to business models that don't create economies or player engagement; they just milk the player-base for micro-transactions in the shop. WEB3 doesn't have such a luxury because WEB3 isn't owned by a centralized agent that can milk the system. A better way must be found. Once the tipping point gets reached for crypto (proper templates that actually work) it will gut the entire gaming ecosystem. A corporation can't police their own network better than a community. They can't regulate it as well. They can't pay for as many servers while maintaining profitability. They can't scale up. Upkeep is always on life-support. They can't fork because the IP forbids it. They can't compete with open systems owned by large communities. Crypto continues to have a long and frustrating journey ahead of it, but at least there is a journey to be had. The dinosaurs are content to sit on ass and continue doing what has been working for them all this time. But suddenly that strategy will stop working and they'll have no idea what to do. I'm glad to be ahead of that curve. #LEOFINANCE #HIVEGC #PROOFOFBRAIN #HIVEGAMING #DIABLO #SCALING #ENDGAME #WEB3 #NIGHTMARE 406 0 12 62.36 12 Comments michaelklinejr55 5 days ago I always have a tendency to pick a female character because I figure, if I am going to be looking and outfitting this character for an undescribable number of hours, they may as well be nice to look at. 😅 Played D1 and partially D3. Not really a fan of the genre, interface or world generation, so it never holds me for long. More of a Skyrim world gameplay type, but tbh, haven't finished that game either. 🤣 3 0 0.05Reply pusen73MOD 5 days ago I'm personally convinced they left out a real endgame and proper content for level 70-100 to implement it in Season 1. 1 0 0.03Reply edicted82 5 days ago This seems like a highly likely scenario considering how silly the game stands right now. At least the endgame. 0 0.00Reply mattclarke70 4 days ago Didn't play 3 or 4. I'm waiting for Path of Exile 2 to drop. 1 0 0.03Reply chimedan1237 5 days ago There is no way web2 can be compared to web3 0 0.00Reply zonadigital2169 5 days ago I share the same idea 0 0.00Reply zonadigital2169 5 days ago I always choose a female character when I can, because they have more eye-catching details. Besides I feel it's fun to play these characters, even some of them have better skills than the male characters, of course it all depends on the type of game. And no doubt, the web 2 can not with the web 3, even if they improve the functions of the web 2 systems, the web 3 is here to stay and expand its environment to many more people who are gradually adopting it... 0 0.00Reply https://www.bitcoinmyk.com/activity/p/555/ Tue, 04 Jul 2023 19:20:01 +0000

PeakD
Fizzled Hype
12 Comments / 1 reblogs / 50+ views
edicted82
5 days ago
C/Hive Gaming
8 MIN READ
1534 WORDS
match-flizzle-out-smoke-fire-strike.jpg

I’m happy to report that my compulsive playing of Diablo IV has come to an end.
I’ve done all the things, many times, and I’m officially over it.
Of course I’m ‘only’ level 87 still…Read More

]]> 0 725f89341384979109f06868280baff4 logo Is Not Getting Paid Censorship? edicted (82)in #leofinance • 5 days ago comic-freedom-speech-censorship.png This topic of discussion has been hashed and rehashed on Hive over and over and over again, but hopefully despite all that I can bring in a fresh viewpoint. At the core of this often emotional and publicly dramatic issue is the idea of: You downvoted me and that's censorship! And there are some good points to be made about why this is true. If a post gets downvoted to zero then most frontends choose to hide it from view or put it farther down the list. Getting downvoted into negative rep is the same story: entire platforms will censor your comments behind a click-wall and other users have to dig in order to see what was actually said. For every user that would have read the comment but didn't (because of the click-wall) amounts to deboosted censorship at a basic algorithmic and statistical level, kind of like getting shadow-banned or echo-chambered on a WEB2 platform (which is common for the #hive tag on Twitter). On the other side of the coin the arguments for why downvotes are NOT censorship are even better in my opinion. If you sign the message with your private key and you pay the posting cost (RCs) then the message will live on the blockchain forever and there's nothing anyone can do about it. How could such an outcome be censorship? The information is right there on chain for anyone to see. Forever. What is the definition of censorship? We must conclude that the main point of contention revolving around this issue is simply a clash around what the word "censorship" actually means (that and all the visceral emotional reactions that revolve around flag wars). There are many forms of censorship, and more often than not when two groups are arguing about these things they give "censorship" the definition that suits the argument that they happen to be making at the time. Within the context of crypto and specifically Bitcoin or any other non-social-media asset censorship resistant means being able to broadcast a message and not have that message be blocked. When we send Bitcoin to someone else using POW mining, we don't care how many people view that operation on-chain. The message was sent; the value was transferred. End of story. Censorship was thwarted. Those who issue downvotes and engage in this argument tend to employ this definition of censorship because obviously why wouldn't you? Can't be censorship because the message can be pulled up with any block explorer. Argument won. Of course this ignores the actual goal of writing a post on Hive. The goal is to get views and spread the message. When an event happens that lessens the number of people that will see the message... that is also censorship. Of course both these definitions of censorship are completely different but just so happened to be employed within the same argument by two different sides... so the usage of the word itself becomes largely meaningless. image.png There are dozens of random third-party sites out there that will tell you if you've been ghosted on web2 platforms like Twitter. Everyone on Hive seems to be in consensus that being shadow-banned is censorship. Some even go so far as to claim that these are first-amendment violations (which ends up being a bit of a stretch because they are private companies but there is still a lot of merit to the argument). When Blackrock flexes their muscle and broadcasts a message through the mainstream media and silences dissent we all agree it is censorship/propaganda. When advertisers and sponsors pull their funding because the company they are marketing through did or said something they don't like we all agree that's censorship. What I'm saying here is that there are many examples of censorship being directly correlated with the manipulation of economic incentives. And yet there are a lot of people on Hive who understand all of this quite well but continue issue downvotes under the guise of, "No I'm not censoring anything I'm just 'equalizing the reward pool'," and whatnot. That's not really an argument made in good faith... or maybe it is because of all our previous conditioning. Wrongful conditioning Users like us who are heavy into crypto pretty much across the board have basically been conditioned into thinking that all censorship is bad no matter what and all centralization is bad no matter what. However, centralization is only bad if it has led to corruption within the system, and censorship is only bad when the thing being censored shouldn't be. Nobody thinks it's a good idea for pedophiles to be able to store child-porn on the blockchain and have the data immutable for anyone to access at any time. Should we censor child-porn? Obviously yes. Who would ever even attempt to counter-point that unless they themselves were a pedophile that wanted access to child-porn? Ew. Go away. Please and thank you. The concept that censorship is bad no matter what is obviously a false pretense born from an overreaction to the legacy system we are trying to overthrow. Censorship is only bad when the entity engaged in it does it in bad faith for personal gain. Of course many downvoters on Hive get accused of this exact thing... which we have to admit is a pretty bullshit argument considering that rewards just get returned to the reward pool and that casting downvotes has a very high chance of pissing people off and creating a flag-war situation in which everyone loses money. It's very difficult if not impossible to censor content on Hive for personal gain on a financial level. The argument can be made that users with large stake are power-tripping and running around with a short-man-complex but that's another matter entirely. Who's censoring who? There's yet another vantage point to all of this as well. If I downvote someone to zero and they accuse me of censorship, I can deflect that blame onto the frontends because at the end of the day it's not my personal decision what gets curated and what doesn't. Imagine if I created a frontend for Hive that only showed content that got downvoted. After making such a product I could claim that not only was the content not censored, but it was boosted and I'm doing them a favor. That's next-level gas-lighting right there baby. And yet I'd still be in the right. The entity that controls how information is displayed on peakd.com is 100% dependent on the entity that controls peakd.com. The same is true for any Hive frontend such as hive.blog, ecency, leofinance, liketu, etc. If someone gets downvoted and deboosted from the frontends... that's really not the downvoters fault but the people running the frontends. The frontends have the ultimate say about what gets shown and in what order it will be displayed in. I've never seen someone complaining about downvotes/censorship come to terms with this reality. Such is the decentralized network of Hive. I don't make the rules. Are people who get downvoted totally full of shit? My experience with all of this is that they absolutely are a large percentage of the time. They'll spin these grand tales of persecution and censorship. They just "want to get their message out there" to help the world. Blah blah blah bullshit. They are complaining because they "lost money". It's obvious. If there was a button that flushed all blog rewards to zero for more pageviews: they wouldn't push the button. You know how I know? Because, among many other telling situations, Hive is a very small network with very small reach. You can't really get censored on Hive because the number of people that can actually read the message in the first place rounds to zero in the face of bigger web2 entities like youtube, facebook, and twitter. If the goal was the spread the message at all costs then Hive is a stupid place to be at the moment. Obviously I hope this won't be the case for long but it is what it is. I won't pretend to be blind to make a point. Conclusion Censorship has many definitions, especially when conflating the transference of wealth with social-media influence. Be mindful about what definition is being used when the topic of resistance pops up. Without fail debaters will use the definition that suits their argument without even thinking about it. Manipulating financial reward and censorship go hand in hand. This has already been proven beyond any doubt via web2 systems, gigantic hedge funds, and sponsorship/funding issues. The scientific method itself has been grossly manipulated by capitalism in this exact way. Frontends have the ultimate say in all things curation. If leofinance decides to start running a 24/7 feed of cute cat videos nobody can stop @khaleelkazi from doing it. There's an extreme disconnect in the understanding of how this all works. Frontends are not required to create a trending tab payed on post payouts. They can do whatever the hell they please. All censorship is not bad. Censorship is great, and that's going to become more and more apparent as crypto grows in strength and all kinds of crazy uncensorable content is floating around. Mark my words: be careful what you wish for. The Wild West of crypto isn't winding down. It's winding up. The regulators that think they are going to reign in the entire ecosystem are self-important dinosaurs at the end of their rope. #proofofbrain#censorship#resistance#web2#web3#social-media#downvotes#curation 5 days ago in #leofinance by edicted (82)$59.51 480 votes Reply 15 Sort: Trending [-] crootin (58) 5 days ago Wouldn't say a downvote is censorship at all. It's a reputational hit, for sure within this realm. Content that gets upvotes or an upvote from a prominent HP holder tends to become more viral and possibly most importantly - read. A post with only 5 upvotes and generating less than .01 HBD after 12 hours is likely being read by only 1-2 people maximum. If I see a prominent community member upvote a post of mine, I generally know that I'll see a lot of tag-along botted upvotes to follow and that there will be people who choose to read it since it hits trending or hot. The content on here is generally all over the place and the quality varies GREATLY, but the upvotes do not necessarily reward quality or anything that would necessarily spark discussion. One of the limitations is that some of the content would be more suited for a blockchain version of Instagram rather than a blog post. The forced interconnected nature of the community is something that needs to be addressed to improve the quality of this experience. PeakD/Hive.Blog should be more like a blockchain answer to Medium/SubStack. In a way, the centralization effort of OCD has done more harm than good in this case. Breaking up the content and promoting different avenues that are within the Hive blockchain is the way to go. Some communities/tribes may be wise to reinvent themselves rather than just merely being a carbon copy of what already exists, but with a separate token to be earned. $0.11 3 votes Reply [-] antisocialist (72) 5 days ago the centralization effort of OCD has done more harm than good Gangs benefit their leaders the most, and disadvantage everybody not willing to join. I've been pointing this out to them since 2017. You can imagine their response. $0.00 1 vote Reply [-] apshamilton (71) 5 days ago Elon Musk has expressed it best: "Freedom of Speech but not Freedom of Reach" $0.04 2 votes Reply [-] stayoutoftherz (77) 5 days ago Sounds better than that infamous quote from an African or so dictator "There is freedom of speech, but not freedom after speech" :) $0.17 1 vote Reply [-] tarazkp (84) 5 days ago When an event happens that lessens the number of people that will see the message... that is also censorship. Is being a dick considered an event. :D $0.03 1 vote Reply [-] valued-customer (72) 5 days ago There aren't competing definitions of censorship. There are authoritative lexicons that have provided the definition for centuries. Censorship is the suppression of speech. Simple. Censorship is necessary to Hive, because it is the mechanism by which spam, scams, and plagiarism are prevented. That's why the front ends put up a click wall when reputation drops to zero, because that hides the spam, scams, and plagiarism. Opinion flagging abuses these mechanisms that protect Hive and is harmful. Oligarchs that abuse these mechanisms do profit from it, because oligarchs extract the majority of rewards from the pool. Most of the rewards they deny the censored end up in their wallets. This has dramatically prevented Hive from growing, and this has caused outside interest in the platform to wane, which protects the big fish in our little pond from the vastly bigger fish that would swallow it up, as Steem proved. I agree with your conclusion, but note the dinosaurs own the only means for crypto to transact. If your wallet is a key that unlocks your crypto, the internet is the keyhole it must navigate through to do so. We need independent means of communication if we are going to be able to transact freely and the legacy financial system does not want us to, because they can deny us the use of their wholly owned internet to transact on. Thanks! $0.03 1 vote Reply [-] torran (59) 5 days ago !PGM !PIZZA !CTP $0.00 1 vote Reply [-] pgm-curator (54) 5 days ago Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 1 SBT - 0.1 THG - 0.000001 SQM - 0.1 BUDS - 0.01 WOO tokens remaining commands 7 BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS! The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ] 5000 PGM IN STAKE = 2x rewards! image.png Discord image.png Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP Get potential votes from @ pgm-curator by paying in PGM, here is a guide I'm a bot, if you want a hand ask @ zottone444 $0.00Reply [-] pizzabot (58) 5 days ago PIZZA! $PIZZA slices delivered: @torran(3/10) tipped @edicted $0.00Reply [-] codentvon (45) 5 days ago 🔥🔥♥️ $0.00Reply [-] krabgat (63) 4 days ago Downvoting can be very dangerous when used incorrectly. I have seen that it is used as a weapon against certain individuals. Then, it is not about the information anymore but a group with enough power to downvote articles with the purpose of harming the author. I, therefore, agree with you that it is very sensitive and must be used with good reason. Thanks for your article. $0.00Reply [-] steevc (78) 4 days ago The freedom of Hive means you can downvote for your own reasons, but the posts will still be there. Someone could make a front end that ignores downvotes. There is this that shows who has been hit the most. We get plenty of feuds here. Some big accounts can expect to have any post sent to zero. We can't do much about that, but as a DV is more expensive than an upvote there should be limits to the damage. Front ends may need to block stuff if it breaks local laws where they host the site. Images are off-chain and those who host them can delete if they deem it necessary. It seems Twitter is blocking some content that may be considered political opinion, so Musk must be in favour of that. They will get take-down notices all the time for various stuff. BTW On St--m my account appears to have no posts or comments as they blocked it for my criticism of the company. $0.00Reply [-] artgrafiken (70) 10 hours ago Hello @edicted , What's my down vote category? https://peakd.com/hive-150329/@artgrafiken/nwo-intelligent-life https://peakd.com/hive-110786/@artgrafiken/nwo-haters https://peakd.com/hive-122315/@artgrafiken/nwo-brave https://peakd.com/hive-110786/@artgrafiken/nwo-coinkydink-rw3c5w $0.00Reply [-] hugolazar (-11)(1) 5 days ago $0.00Reveal Comment [-] cwow2 (71) 5 days ago Wow, nice scam! $0.00Reply and hold a clip to pin it. Unpinned clips will be deleted after 1 hour. https://www.bitcoinmyk.com/activity/p/537/ Tue, 20 Jun 2023 23:25:22 +0000

logo
Is Not Getting Paid Censorship?
edicted (82)in #leofinance • 5 days ago
comic-freedom-speech-censorship.png

This topic of discussion has been hashed and rehashed on Hive over and over and over again, but hopefully despite all that I can bring in a fresh viewpoint. At the core of this often emotional and publicly dramatic issue is the i…Read More

]]> 0 89d904f56424a09f100528b62ed06c55 LeoFinance 100% @edicted edicted 81 3846 172 hivestats.io/@edicted Moon Freedom From Debt-Slavery @edicted/speculatory-speculator-speculation @edicted 6h (Edited) 81 LeoFinance LEOFINANCE Speculatory Speculator Speculation For the last ten days I've been stepping away from crypto a bit. Been trying to detox off doomscrolling on Twitter and just overall… 390 12 $1.26 USD Speculatory Speculator Speculation 12 comments / 0 reblogs @edicted 6h (Edited) 81 LeoFinance LEOFINANCE 4 MIN READ 857 WORDS image.png For the last ten days I've been stepping away from crypto a bit. Been trying to detox off doomscrolling on Twitter and just overall spending too much time on social media (including Hive). Also dealing with some personal issues and crypto news has just been downright boring lately. I've been put in a position these last few weeks to read a lot of crypto news, and hot damn is crypto news boring right now. Even with everything going on all anyone can talk about is the price and regulatory overreach. Of course the only reason people talk about regulatory overreach is once again to speculate on the price, so it just gets annoying after a while. Nobody actually seems to care if the government actually comes in and imperializes the blockchain. They just want to know if that will make number go up or down. And there are many many cases to be made in both directions. For example if XRP sales get deemed to be an unregistered security, this could easily have a positive price impact for several reasons: Maybe we get some clarity and it could actually be registered. After registration the XRP token would have access to markets that no other crypto asset has. Most of us do not hold XRP because of the heinous premine, and thus if they lose it's no big deal but if they win the entire cryptosphere will go on a rampaging bull run in the wake of extreme SEC weakness. If a token even has the possibility of being regulated by the SEC, then it's not decentralized anyway and we shouldn't even care what happens to it. Live & learn. The layer zeros of these communities are wildly underestimated (just like Hive's was during the hostile takeover). It doesn't matter that XRP has a heinous premine. They are strong enough to make it work no matter what happens. They aren't going to give up. I think that much is pretty obvious. If XRP sales are deemed a security it's possible the government itself would destroy the heinous Ripple premine. How is that not bullish? Basically half of the supply would vanish entirely. Of course the community would have to figure out how to pay devs to continue Ripple's work... so there is that. Regulatory overreach is good for crypto long-term. It hurts in the short term because OMG FUD but in the long-term it not only flushes all the current garbage down the toilet, but also stops future devs from thinking they can get away with the same game plan. image.png IM SPECULATING!!!!1 So what do I think will happen with the price of Bitcoin & Hive? Nothing has changed. I'm still on the HODL path of waiting until late May and refactoring then. Nothing to report here. Still hoping for that Summer bull run after the bear-market-end to hopefully kick in. I do think it's a bit wild that Bitcoin did not pull back during the bearish 2-week cycle and just rammed against $28k resistance this entire time. I still somewhat expect a pullback to $25k to confirm our last resistance as support, but every day that goes by it just... doesn't happen. Best we got was $27k, and even then all the speculatoors were losing their mind talking about a 'dip'. These people have no shame I tell you. 3.5% drop and they start freaking out. This is a day ending in 'y'. It's wild. The psychic vampire of the markets is in their heads for sure. This is why it's good to step away every once and a while. I went for multiple days without checking the price of anything. When's the last time you did that, anon? Some bad news: image.png Muh witness team is having technical difficulties trying to build a full-node. Very sad. Full-node APIs are badass and we should have done this a long time ago. I actually feel like such an idiot about speculating on the market when I should just be cashing out during the bull and catalyzing Hive development instead. Oh well. Vote for @hextech witness. We're trying! I really should be taking more of an active roll in all of this. I do have a lot of ideas about how our full-nodes could be scaled up a bit better. Hive seems to have a tendency to get overloaded. One node goes down, and then the apps that relied on that node auto-switch to other, which in turn overloads that node: creating a domino effect that sometimes results in all the nodes going into denial of service. Too much bandwidth to process. I have a few ideas about how to avoid such cascades but I really have been slacking on the dev side of things for a while now. Need to up my game for sure. Conclusion Tax season is ending. Ethereum is doing the Shanghai upgrade in four days. Hive and Bitcoin are unregulatable. Ripple might win their lawsuit (which would be downright hilarious). Development continues regardless of vapid price action. Nuff said. SPECULATION WITNESS FULL-NODE PROOFOFBRAIN PALNET BITCOIN HIVE LEOFINANCE 390 12 $1.26 USD Begin editing... 12 Comments REWARD alex-rourke 6h Yeah, took a little break from information overload this week too. HODLing HIVE and BTC is pretty chill though. Hope you get the full node up and running :) 3 $0.03 USD Reply scaredycatguide 5h Dafuq....you are making actually want to acquire some XRP. Posted Using LeoFinance Beta 2 $0.01 USD Reply edicted 81 4h lol do not do eet 0 $0.00 USD Reply builderofcastles 5h But what about the price? Will it go up or down? And you forgot to speculate on the Kondratiev Winter! There is a big problem with cryptos... adoption But when adoption happens, you will be so rich you will not know what to do with all your money. Or you will have a pile of cryptos that have gone to zero. So, it isn't so much speculation on price, but on which cryptos can make it in the new world. I think the XRP lawsuit is just a cover for something. At the exact moment (something-something happens) XRP will be found innocent (guilty) and the price will skyrocket. However, every psychic / astrologer / tarot reader all say about XRP, "do not get greedy." All of them. All saying the same thing. So, when XRP goes up... don't stay in it. It is fun to speculate on what will happen. Will XRP turn into FedNow? And so, if you are in XRP, you stay in XRP, no trading out? Does XRP go up like a rocket... and then down like a rocket? Does the premine get sold, crashing the market? Oh no, i have gone into more speculating! 2 $0.01 USD Reply yibbiy 4h I start to prefer buy and HODL and forget about it. Otherwise crypto becomes a second job. 2 $0.01 USD Reply cryptosnowball 4h (Edited) Despite everything that might happen, the dev side keeps coding and add new features... 2 $0.01 USD Reply krabgat 3h I agree, people are getting tired of hearing about the price and regulations in crypto news. They think that if XRP sales are ruled to be unregulated securities, the price could go up. Glad to see you are still hodling Bitcoin and Hive, looking for a bull run in the summer. They are having technical problems with their witness team's full-node, but they are coming up with ways to make Hive easier to scale. 3 $0.01 USD Reply valued-customer 3h "This is a day ending in 'y'." LOL Thanks! 2 $0.01 USD Reply acesontop 2h I went for multiple days without checking the price of anything. When's the last time you did that, anon? Never since I first heard of Bitcoin. 0 $0.00 USD Reply belemo 2h In summary, keep calm, and hodl 🫡. 0 $0.00 USD Reply poshtoken 1h https://twitter.com/1472693700933345286/status/1644782660542255105 The rewards earned on this comment will go directly to the people( @kalibudz23 ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com. 0 $0.00 USD Reply mistakili 1h I’ve been hearing of some massive Ethereum unstaking happening sometime during this month. Heard about it? Any thoughts? 0 $0.00 USD Reply @edicted/larimer-vitalik-learning-the-hard-lesson-the-easy-way @edicted 3d 81 LeoFinance LEOFINANCE Larimer + Vitalik: Learning the Hard Lesson the Easy Way We've all see a bunch of crazy stuff play out in crypto. However, how many times do you recall a crypto network that grew beyond the… 642 2 32 $1.88 USD @edicted/web2-web3 @edicted 7d (Edited) 81 LeoFinance LEOFINANCE (WEB2 < WEB3) A lot has happened in the last few days, but let me start by finally congratulating the winners of the STINC lawsuit. Finally after… 603 4 15 $2.16 USD reblogged @trumpman/exciting-times-coming-for-btc @trumpman 7d (Edited) 78 LeoFinance LEOFINANCE Exciting Times Coming for BTC! (public domain) So, apparently the upcoming BTC fork will be implementing a new "time travel" feature. This feature, which is set to… 379 84 $1.72 USD reblogged @taskmaster4450/most-cbdcs-are-not-close @taskmaster4450 8d 84 LeoFinance LEOFINANCE Most CBDCs Are Not Close Over the last week, another member of Hive and I discussed central bank digital currencies (CBDC) and what is happening. Much of this… 584 1 13 $1.91 USD @edicted/key-asymmetric-conversions @edicted 10d 81 LeoFinance LEOFINANCE Key Asymmetric Conversions There's a certain unit-bias involved in symmetry The human brain likes when things are patterned and symmetric. Perhaps you've seen… 744 2 10 $3.86 USD @edicted/binance-cftc-fud @edicted 11d 81 LeoFinance LEOFINANCE Binance CFTC FUD The sky is falling, bros. Okay I think we all have to admit that Operation Choke Point 2.0 is a real thing now. Simply too much has… 496 1 33 $2.33 USD reblogged @iykewatch12/support-for-education-by-iykewatch12 @iykewatch12 11d 60 LEOFINANCE Support for education. by @iykewatch12 Hello friends, It's with humility and all sincerity that I write to this family for support on education. My name is Onosike… 27 6 $0.48 USD @edicted/a-request-for-taskmaster @edicted 12d 81 LeoFinance LEOFINANCE A Request for Taskmaster: @taskmaster4450 does a pretty decent job of reminding us all that the banking sector is an extremely complicated entity that is constantly… 499 2 31 $3.90 USD @edicted/in-game-economies @edicted 12d 81 HIVE GAMING In-Game Economies The Original Gangster Goblin Town I have always been fascinated with video game economies, especially those that mimic economies within… 631 2 7 $2.84 USD @edicted/diablo-iv-beta-things-i-missed-the-first-time @edicted 13d 81 HIVE GAMING Diablo IV Beta: Things I missed the first time. Alright so my last D4 post was 4000 words long... Let's try to avoid that shall we? The prerelease open beta has ended and the… 591 4 15 $2.15 USD @edicted/narratives-gone-astray-the-ultimate-propaganda-backfire @edicted 14d 81 LeoFinance LEOFINANCE Narratives Gone Astray: The Ultimate Propaganda Backfire For those of you who don't yet know what this pictures is... The story goes something like this: I've talked extensively about how… 791 51 34 $4.31 USD @edicted/magitek-ice-rudder @edicted 15d 81 LeoFinance LEOFINANCE Magitek Ice Rudder I've been having some conversations with people and noticing everything going on in the markets... The one constant is that crypto devs… 524 2 8 $2.21 USD @edicted/regulatory-operation-shock-and-awe @edicted 16d 81 LeoFinance LEOFINANCE Regulatory Operation Shock & Awe For those of us who are old enough to remember or care: Operation Shock & Awe was the military strategy employed by the United States… 369 1 27 $1.16 USD @edicted/ethereum-shanghai-upgrade-april-12th @edicted 17d 81 LeoFinance LEOFINANCE Ethereum Shanghai Upgrade April 12th Ah, I remember when I used to be pretty bullish on ETH. Those were the days. ICOs everywhere. Cheap fees. The sky at our… 576 2 3 $2.44 USD @edicted/critical-resistance @edicted 18d 81 LeoFinance LEOFINANCE Critical Resistance All in good time. Bitcoin seems to be fully decoupled from the stock market right now. Stonks have to worry about things that Bitcoin… 554 2 23 $2.76 USD reblogged @brianoflondon/lightning-isnt-a-cryptocurrency-or-a-blockchain @brianoflondon 19d 76 VALUE 4 VALUE Lightning isn't a cryptocurrency or a blockchain This is a value for value post: see the explanation in the footer. The other day on Twitter I finally guilted @edicted into trying… 580 5 15 $3.43 USD reblogged @taskmaster4450/lrabvhoz @taskmaster4450 19d 84 LEOFINANCE The Hive Nation: Taking The Network State and Making It In Physical Form ▶️ Watch on 3Speak In this video I discuss a framework I am mulling for some time. It is very raw now but it is worthy of… 506 2 20 $2.31 USD https://www.bitcoinmyk.com/activity/p/369/ Sat, 08 Apr 2023 21:26:09 +0000

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Freedom From Debt-Slavery

@edicted/speculatory-speculator-speculation

@edicted
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LeoFinance
LEOFINANCE
Speculatory Speculator Speculation
For the last ten days I’ve been stepping away from crypto a bit. Been trying to detox off…Read More

]]> 0 1bb5f4ebabd71c25c55fb99aded1cdc3 AI is coming for your rewards! Look out the big bad AI monster gonna getcha! I've seen a lot of discussion about this and I find it all a bit ridiculous. People on Hive seem to think that if something is easy then it must not have much value. Inversely, if something is hard it must have more value. A very well written 5000 word synopsis on XYZ topic has lots of value, amirite? It might take 30 minutes to read and 300 minutes to write but it was all worth it in the end, yeah? Okay well what if no one wants to read your never-ending yammering? Who has time to read a 30 minute post? Who is the target audience here? What's better? Five people reading the 5000 word post, or a thousand people reading a 500 word post? Surely it depends on a myriad of variables that aren't even possible to calculate within this butterfly-effect simulation. diamondeyesauron2.png pixelsword.png Work smart not hard. This is a term we've heard countless times. It is a known fact that things that are hard don't necessarily have value, while things that are easy can have way more value than things that are hard. A lot of people have been talking about raising their own chickens because of the jacked up prices of eggs. I find it comical because I've actually had chickens and I know for a fact that even at the jacked up prices, backyard chickens aren't going to save you a dime. Nice try libertarians. Of course the quality of the product goes way up when the product isn't being mass produced. This applies to many things, including eggs, and it's hard to put a price on such a thing especially when it's food and could end up having a direct impact on your health. Considering healthcare costs in America once again we move into one of those impossible-to-calculate butterfly effect situations. digitalbitcoinmatrix.png spaceship travelling within nebula.png Either content has value or it doesn't. How the content is produced is extremely irrelevant. The argument that AI content is easy and therefore should not be rewarded is provably false across all metrics. Basic capitalism teaches us that consumers want the best product for the cheapest price, and they don't care what it takes to get there. Statistically, no one is going to buy an inferior product for more money just because it was "handmade" or "locally sourced". Products like that will only be purchased if the extra price is actually accounted for with properly associated higher quality. image.png diamondeyesauron.png "Quality Content" There honestly is no such thing as "quality content" on Hive in the traditional sense that we perceive it to be. The vast majority of rewards come from consistency and networking over very long periods of time. The quality of my content has not improved x1000 since I came to this community in 2017. And yet my post rewards have in fact gone x1000 or more. It's pretty easy to see that the quality of my content had very little to do with the rewards I was given in real time. Of course there is a stacking effect. Content that I wrote years ago may have been rewarded with pennies, but then again that's the only true path toward engagement and getting noticed and building a reputation around these parts. So again we become mired in this butterfly-effect of never knowing exactly how our actions and the work that we do here spiral out into the future. naturelakeskyforestreflect.jpg wizardtower.png Value of Blogging. There is an argument to be made that perhaps the Hive reward pool is over-allocating resources to the blogging side of the network. This is a much better argument than "AI content bad". Are these blogs providing value? Are they getting attention from the outside? Are they helping the community from within? To a certain extent they must be... but again measuring that value and making a determination as to whether it is 'overpaid' or not is a very difficult thing to do. This is especially true considering we need the reward pool for other things like distributing stake for a more robust governance structure. A few prominent members on Hive think we should outsource the blogging rewards (entire reward pool) to a second layer token. I still need to do a full post on this, but in conclusion that is objectively a terrible idea. Either blogging has value and it should exist, or blogging does not have value and should not exist. There is no scenario where it is worth it to outsource blogging to the second layer and it suddenly has value where none was before. That's ludicrous logic, especially when we take into account that a "comment" is simply a declaration that work has been done and could evolve into much more than just social media. Even more alarming, these people often have a severe conflict of interest. It's not valid or even mildly appropriate for a top 20 witness to voice these opinions to the network. Why? Because they have a financial incentive to divert all available inflation into their own pockets while leaving everyone else powerless. Notice how these same people would never suggest top 20 witnesses be paid less even though they could easily afford to be paid less (especially if the reward pool disappears). Hell I have a witness outside of the top 20 that turns a profit even though it's shared between 3 people. What happens if Hive goes x100? All profit all day. herodoge.png neonbull.png Would you buy it? Would you buy a house for half the price if you knew that it was built by robots instead of people? Course you would. Capitalism. This goes for any product or service. The biggest consideration is, "Was this product built by slave-labor?" And yet I still see people buying Nike shoes. Bots will eventually do all the grunt work, that much is certain. Now what happens when AI displaces the slave-laborers and the lower class becomes priced out of existence? This is the problem that crypto needs to prevent. Imagine the scenario where slave-wages are the preferable option. Such a dystopian future we are heading into. People as collateral within the economy are losing their value, and it's not a pretty picture. Automation and technology have been gutting the job market for decades. The situation will continue to escalate exponentially to be sure. apediamondhands.png Conclusion Can AI build an audience? Can AI provide value? Can AI do things better and more easily than a person? If the answer is 'yes' then it doesn't matter how much effort was put into the output. Value is value no matter how we slice it. Thus far AI is just a tool to be used by people. We are probably going to be in this phase for a while. If you want to dig a hole are you going to demand it be dug by 100 day laborers or a single hydraulic backhoe? Right tool for the right job. It's as simple as that. Posted Using LeoFinance Beta PALNET PROOFOFBRAIN AI CHATGPT OPENAI CONTENT-CREATION HIVE REWARD-POOL LEOFINANCE 434 1 67 $1.17 USD Begin editing... 67 Comments REWARD azircon 1d I am a reader. I am the consumer. I decide the value. So do you, when you are a consumer. Asimov explored this problem a long time back. These are complex topics, answers are also complex and subjective. So I choose to decide myself. "Can you?" 8 $0.05 USD Reply edicted 81 1d Asimov was way ahead of his time. It's actually pretty surprising his content is still relevant considering how dated things like Foundation are. Originally published in 1951? lol how? Master visionary is master. So I choose to decide myself. Doesn't everyone? I find it odd how much engagement and pushback I'm getting on this one. This must be a much more triggering topic than I anticipated. Didn't think I said anything particularly crazy but clearly I did. 1 $0.00 USD Reply azircon 1d (Edited) Yes, the original was published in 1942 as a short story called Runaround, where the three laws of robotics were mentioned first. Later in 1950-51 several stories were asselbled together and published as I, Robot. Yes, Asimov was way ahead of his time, and still relevent. Lets see if this post of yours fetch less than $50, I can upvote it. Not that you care :) PS. Nah, it is highly unlikely! :) 1 $0.02 USD Reply edicted 81 20h Oh you and your dollar measurements. Wen unit-of-account crypto? 0 $0.00 USD Reply azircon 20h USD forever edicted! Don’t bet against USD, you will lose every time. At least in your and my lifetime :) 0 $0.00 USD Reply edicted 81 19h I see your point but it's also kind of funny because USD is intrinsically designed to be bet against. Velocity and debt go hand in hand it seems. 0 $0.00 USD Reply azircon 8h Yes, its a trap :) Many people have done it, including Buffet, and failed badly. For Buffet the hit was about $4 Billion for BRK-A. The point is, to get the debt thesis to go successfully against it two things are needed: An infinitely deep pocket, larger that FED. Nobody has it. Other people, likely central banks from other countries need to join your side of the bet. This is impossible as their largest assets are in USD (China, Russia, etc...among the enemy nations) 0 $0.00 USD Reply shortsegments 1d 38 comments. Yep I would say you have written on a topic people are concerned about or have opinions on.. Posted Using LeoFinance Beta 0 $0.00 USD Reply shortsegments 1d Ouch! That is a stone cold clip. Telling a sentient being they don’t feel and calling it a machine or too. The ultimate depersonalization of this Robot. Posted Using LeoFinance Beta 0 $0.00 USD Reply timmy-turnip 1d You have put forward some ideas that I hadn’t considered before. I’m not strictly against AI usage. I’m against plagiarism of said AI without crediting it. If the AI is doing all the work and none from the human, other than a prompt, would it not be the creator of the AI who deserves the reward? I will have to consider the opinions about the witnesses. The elite few controlling the masses is exactly how many problems arose in todays world and government. I’ll need to be more educated on that subject. I appreciate the read and counter opinion. 3 $0.05 USD Reply slhp 1d Yes and no. Creator of the AI is the creator of algorithm and training initially. AI itself by definition evolves. And through your interaction with the AI you further evolves it. Where do you draw the line to say you have done enough interaction to evolve the AI and now the output is your effort? 1 $0.00 USD Reply timmy-turnip 1d But the code itself doesn’t change. It’s the same tool, just being told to behave a certain way by the users prompt. From the AI itself, plagiarism is copying the text without adjustments. If you adjust very little, you still must cite. It’s the same as if you were to copy the text of a book without citing it. In school, you would get a zero and punishment. The same kind of shunning the community gives to people who plagiarize. The AI does not plagiarize because it generates the text but once it’s done, the text that is generated is now officially the ai’s/openai’s. If you are just copying text, I would argue that it would still be under the ownership of the one that generated it. Therefore, income from that should either be burned or donated. 0 $0.00 USD Reply slhp 1d The algorithm is open source. It’s the data and training that go into it the differentiator. If there is any citation, it’s the common knowledge and the “internet” itself, which would be ridiculous to “cite”. Let’s just assume going forward more and more of the stuff we see will be by default assisted by AI. Have you seen any news that could be generated by AI with a citation alluding to AI? 1 $0.00 USD Reply borsengelaber 1d Am also the opinion that the audience will decide if a post has value or not. It doesn’t matter in the end how it was created, does it? 0 $0.00 USD Reply shiftrox 1d AI is already among us, it's going to be something hard to stop, these last few days there has been an explosion of it everywhere, not just in the hive. My opinion is still in favor of the human being, he should write and create the content. IF you use AI just to refine and improve some points, as we already use some programs to improve grammar, in my opinion, everything is fine. Now using AI to create all content from zero to 100, I don't agree with that. !PGM !PIZZA !LOLZ 3 $0.05 USD Reply pgm-curator 1d Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 1 SBT - 0.1 THG - 0.000001 SQM - 0.1 BUDS tokens to @shiftrox remaining commands 8 BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS! The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ] 5000 PGM IN STAKE = 2x rewards! image.png Discord image.png Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP Get potential votes from @ pgm-curator by paying in PGM, here is a guide I'm a bot, if you want a hand ask @ zottone444 0 $0.00 USD Reply lolzbot 1d lolztoken.com Where do Pigs go on vacation? Boara Boara. Credit: reddit @edicted, I sent you an $LOLZ on behalf of @shiftrox (1/8) PLAY & EARN $DOOM 0 $0.00 USD Reply slhp 1d The division of comparative advantage between AI and human right now is AI is best at generalization 99% of the time, but AI as a pattern recognition algorithm is not very good at handling outliers. The most effective way to use AI is to let AI go first, hoping the output would get you to 90%-99% of the way, and human do the final validation and touch up. Now, understanding this, how does this impact our opinion? 1 $0.00 USD Reply pizzabot 1d PIZZA! PIZZA Holders sent $PIZZA tips in this post's comments: @shiftrox(6/15) tipped @edicted (x1) You can now send $PIZZA tips in Discord via tip.cc! 0 $0.00 USD Reply poshtoken 1d (Edited) https://twitter.com/1884771912/status/1632421534710022145 https://twitter.com/27706436/status/1632794877388898305 The rewards earned on this comment will go directly to the people( @shiftrox, @seckorama ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com. 0 $0.00 USD Reply awesomeintrigue 1d The AI discussion is heating up and all I can say is that people feel threatened so their first reaction is "To Hell With YOU!!", and I can understand that. But it is ridiculous and delusional to think that you can prevent AI content or that you even should prevent AI content. Most of these discussions I find useless and don't even want to take part in because I can see how little most people even understand about how generative AI works and to what extent it can be used. I understand that the dumbest thing you can do with tools like ChatGPT is "write me a post about pottery". What do you know about pottery and how are you going to be able to communicate with your audience if they have some specific experience-based questions and arguments on that topic? I feel that posts like that won't receive many rewards anyways. There's a whole other level of using ChatGPT where you do the research on the topic feed it data and then use it as part of your team to write a compelling article about it in a way that's engaging and useful to readers and also because you researched the topic yourself you can continue the discussion with your audience outside of that. If that isn't valuable, what is, right? Not everyone is born a writer, nor do they want or can learn the skill of writing to the level of capturing attention and satisfying as many readers as possible. But that's the thing. Now they don't have to anymore. They can nerd out on the topic they enjoy and research all the details that others miss because they aren't looking that deep into it and the AI only helps you express that to others. I don't see the problem with that myself. The future is here, those that embrace it will thrive, and those that still want to live in the past will be in a forest or jungle or idk. Nothing wrong with that, but this is how it goes, and always will. 6 $0.05 USD Reply fenngen 1d I think you're not considering the value of human existence at all, I imagine you being a person who spends most of his day looking at data, information, and numbers on a screen you can't even fathom to look outside at what other humans are experiencing. If an 8 year kid plays a Metallica song it has a lot more meaning to an audience because it's rare that a kid would have the perseverance and discipline to develop such skills. That is the real value, because the song already exists and has been covered a thousand times. If a person produces their food, then the value is the patience and dedication, not the product that is something that's already produced massively by machines and very easy to acquire at a store. That's not even considering the environmental impacts of leaving everything in the hands of machines, which home-growers are doing their part to reduce. Sorry, AI is very cool, yet it is already receiving a TON of the Earth's resources which could be distributed among humans instead. I'd rather Hive not be a place that feeds the AI indiscriminately and keeps preferring the efforts of people before that of machines. 5 $0.05 USD Reply edicted 81 1d I imagine you being a person who spends most of his day looking at data, information, and numbers on a screen you can't even fathom to look outside at what other humans are experiencing. You imagine me as someone who lacks perspective? This is something I am not accused of very often. In fact I'd say a big part of the whole brand I have going is the ability to come at a situation from many angles at once. Perhaps you disagree. If a person produces their food, then the value is the patience and dedication, not the product that is something that's already produced massively I believe I already stated in the original post that growing your own food is inefficient, decentralized, and higher quality. Not relying on a centralized agent has value in itself. it is already receiving a TON of the Earth's resources which could be distributed among humans instead If resources could be fairly distributed to humans within the system we've built then the system we built wouldn't be on the brink of collapse. You can just say idealistic things and magic them into the world like it's a trivial process. I personally don't even believe that AI has much to offer at the moment. I think it won't be long before a lot of us get wise to it and can stiff it out instinctually with ease. The content is extremely patterned and predictable. But also sometimes patterned and predictable content is exactly what we need in certain situations... so there is that. 2 $0.00 USD Reply fenngen 22h You imagine me as someone who lacks perspective? You have a lot of perspective, I commented once that I didn't have enough money to even care about your post but I enjoyed it nonetheless because of how it was written. I don't even read financial posts but I have you on my favorites in Ecency, picture that. And it's because your thought process is clear and easy to follow. Also because you have a red mage in your avatar. But I do think your perspective has a bias in that it's a cold perspective. It's mainly based on information that tends to reduce society to a financial conglomerate, where the hand of the market governs everything. If that was the case, why do you think porn hasn't proliferated here in Hive? Porn is one of the biggest and most lucrative businesses, yet despite it's attempts to come in here it hasn't found any acceptance. Hive could be taking in major cash through porn, but it's not, because of the humans value that constitutes this community. Of course, money is implicit in almost everything we do, with the exception of those who understand this as a spiritual journey, and yet they will have to deal with cash at some point. Yet those people will know glorious days and meditation sessions where money is finally put away from their minds and they can join into the complex abundant fabric of the cosmos where nothing is amiss, therefore money has no place. I have been there but now I'm a lost and corrupted soul, blinded by the lights of modern life. Getting back to the original discussion, I don't have a problem with people using AI, but I support those Hive accounts who've decided to make a stand for using the pool to support people, even if they don't add "value", but rather because they exist and share their experience. Take the Venezuela community on Hive for example. It has grown a ton because their salaries are quite low and here that can make a very helpful amount. So maybe they upload things that add value or not. But as long as they are sharing who they are, it's worth supporting over some AI generated image by some guy living at his mother's house in a first world country imho. Anyway, this is so classical. We're basically doing the old debate of value as money vs value as culture. And it was exhausting writing this comment so let life decide what fuck will happen. Sorry if I made you feel insulted, you're a great analyst and it's obvious you like what you do, which is the most important thing of all. Yes, patterns over patterns... 1 $0.02 USD Reply edicted 81 20h Nah I'm not insulted. Just surprised I got the reactions that I got on this one. I could say the craziest conspiracy theory or any other topic but this one seems to catalyze quickly. 1 $0.00 USD Reply woelfchen 1d Good comment :) 1 $0.00 USD Reply slhp 1d Buyers will decide how much they value, whether it’s human or AI behind it, whether it is an 8 year old or AI. Free market, free will. I still pay premium for good handmade products, over cheap mass produced good products, for that uniqueness and quality. It is not mutually exclusive. No point to get into protectionism. 1 $0.00 USD Reply fenngen 22h True, we can't stop what people like and consume, but Hive is a community that has proven to have certain values and I think it's awesome that there's accounts wanting to defend those values, whatever the result. But yes, perfectionism is a bitch 0 $0.00 USD Reply bezpiecznyvpn 1d Is this article AI written? ;) 3 $0.05 USD Reply edicted 81 1d (Edited) No because if it was it would have been trash lol That was honestly kind of the point I'm surprise that you seem to be the only one that noticed. 0 $0.00 USD Reply ksteem 1d Interesting take and good counter-opinion. I'm of the slant that AI could be good used as a research tool (though not relied upon exclusively, because it is often wrong). But to use it fully, or even mostly for a full post? Nah, that's simply plagiarism (unless quoted as such). I'll often use wikipedia, or other search material to gather some relative facts for my posts, but that information is then written in my own paraphrasing and/or quoting the source. Why should AI be any different? Give it credit for the "work" or don't use. 5 $0.05 USD Reply edicted 81 1d I honestly don't feel as if this is a counter opinion. I don't think AI generated content will be able to gain much reputation on this platform. Perhaps this post was rushed and I should have been more detailed in my analysis. 0 $0.00 USD Reply slhp 1d I think AI as is, either hit or miss. It is good most of the time and when it works out it takes you to 80% sometimes 99%. Work smarter, and use all the tools available. 3 $0.02 USD Reply starkerz 4h The beauty of hive is the ability to know whicb accounts were active Pre ai era and then use those accounts amongst other tools to help define human accounts post ai era. Then make sure those humans are the ones elected into positions of running the important infra. We might remain human then. For all of its flaws, I like being human and I like to know that the content and value creators supported are written by genuine human accounts. Maybe more of their content becomes ai driven, but that’s ok, as long as I know the account is run by a real human who adds value to the community. 0 $0.00 USD Reply valued-customer 1d "Such a dystopian future we are heading into." Were we restricted from ourselves determining our future, you would be correct. However, the law of physics has changed what means are available to humanity, and you note that automation of production has increasingly changed the value of labor. You yet fail to note that decentralization also alters the value of capital. Why should I buy shoes from Nike when I can print them at home for pennies using PLU and a 3D printer I spend a fraction of the value of a pair of Nike shoes to buy? More and more, the means of production of the blessings of civilization inure to consumers of those blessings, and the examples of the Nikes is replicated across every field of industry. The law of physics determines what technology is possible, and in every field of industry decentralization of the means of production is the cutting edge of technological advance. The most advanced technology most increases productivity, and when we ourselves consume our production we eliminate parasitic losses of our productivity. Rather than a dystopian slavery of thralls incompetent to provide themselves their necessities of life and hopelessly dependent on overlords for our survival at their whim, we actually are confronted with a prosperity we create as we merit at our sole option, and that utterly eliminates the parasitization of our production by overlords, who thus are not delivered the wealth that avails them power. I continually point out the nascent opportunity the ambitious and competent have today to seize the means of production and gain independent means, which are the best definition of wealth as well as freedom. Amongst the means of production today is AI that can replace the wearisome repetitive labor and tedious learning curves requisite to specialized manufacturing of goods and services that deliver the blessings of civilization. Perhaps you have remained unaware of these new abilities nascent technological advances avail, or disbelieve my reports on these matters, but I am confident that if you seek to falsify my claims you will observe I am not deluded, making things up, or in any way misrepresenting our circumstances regarding our incredible good fortune being presented such opportunities. Thanks! 5 $0.05 USD Reply edicted 81 1d I mean the future looks awesome for me personally I just worry about those who can't keep up. 2 $0.00 USD Reply valued-customer 1d I am glad for you, and share your concern. I have only moments ago posted begging people to prove me wrong, so that I could humble myself and beg for my CBDC UBI bugpod our benevolent overlords might deign to provide me, if I am wrong. Your concern reveals your heart. It is why I follow you. 1 $0.00 USD Reply starkerz 4h I follow him because he is a degen hive perma bull. Didn’t realise he was a nice guy too. 1 $0.00 USD Reply valued-customer 1h LOL He's got it going on in multiple vectors. His success reflects his diversity of strengths. 0 $0.00 USD Reply arc7icwolf 1d Can AI do things better and more easily than a person? If the answer is 'yes' then it doesn't matter how much effort was put into the output. This perfectly sums up your article and it's something a lot of people are finding difficult to understand: if an AI generates a good article, why should we ignore it? If someone put a lot of effort in his/her writing, but the result is poor and of little interest, why should we reward him/her? Having more spare time, I could write all day long about whatever I want... my dinner, my health, my dogs, my shoes... would these posts have value only because I spent hours writing them? Would they help Hive get noticed and become mainstream? The short answer is "no". And, on the other hand, if an AI can write a well-written post about an interesting topic, using the right language, adapting its lenght to the target audience and making it x100 better of posts about my (not so interesting) shoes, wouldn't it be better for everyone? A big mistale people are doing about this topic is, imho, thinking that using an AI to write a good post is easy... and this is completely wrong, at least if for good we mean something that doesn't look like it was taken from a dictionary saying over and over the same thing using different words. Have people ever tried using Dall-E or Midjourney (or other text-to-image AIs)? Sure, everyone can get a decent result, but getting an awesome result, genereting exactly what you had in mind is hard, incredibily hard. The same applies to text-to-text AIs: making them writing something that is good and have its own personality, making it looks more "human", it's not easy. You have to know how to talk to the AI, you have to teach them, you have to learn a lot before being able to master them. The problems are both people which would love to use AI to abuse the sistem (writing tons of useless articles without having any ability in using an AI) and people unable to understand something that is new and different: people always have fear of what is different, and this isn't something good. Sorry for the long comment and for my poor english. 4 $0.05 USD Reply woelfchen 1d Everything ai writes is hollow imitation No soul inside, not even a thought AI does not understand anything, not even concepts If you only want to read that, that's ur thing then But if everyone Acts like that, human progress just stops Goodbye knowledge, philosophy, gnosis Hello repetition of status quo 0 $0.00 USD Reply obsesija 11h (Edited) AI has no soul, that's right. But, what is soul? Do you see the soul? Do your PC understand something? Has soul? No, but, you use it, right? Why? Why you don't use a pen, but, you use the fastest keyboard, mouse, the fastest maybe CPU and RAM, an other things. Ah, you use a printer to print your stuff, idea, why? Why not use a pen? AI is nothing else as you PC is, without you, or your asking the PC to make something, your PC is totally dumb machine. AI is the same. PC = tool to make things extremely faster (and we use it, all of us here) AI = tool to write/make things (art, text, etc.) much faster (and we will all use it, in a couple of months) So, why we use it? Ah, you don't known yet? So, look at bing, look at google, they implement in the next days the AI in their search engines too, sooo... what should we do then? No search at all with these? Hmm, lets see how this would work, every one has this search engines in their pockets, mobiles, soo, explain how will be done? It is sad to see here people compare AI with the movies. We have the movies scenarios here, without AI too, and long time ago it is all started, no matter of AI. It is started with the first PC revolution. It is the same like with every other technology, the same is happens when the first tractor was there, why why should use tractors, because, we have horses, who do the same job, but, million times slower. And other technology too, cars, for example, it was the same, why use the cars, because, we have horses, no need for cars... and today? everyone has at least one car, if not more. So, this is all bulsshit here about fear, that AI will destroy all of our world - the world is already destroyed - you voted for the psychopaths, that destroys the world - right now, without AI. Ah, but, yes, these "psychopaths (politicians)" you voted for, they have SOUL, you say? THEY destroy our world, right now, - not AI. What if AI is opposite, what if it helps us to be awaken? Not the AI from today, but in near future, when it is mature? What if AI will be a weapon to protect our self, to protect humanity from these psychopaths? What if it will serve us for good, not just for bad (like all con AI people here just have in mind the hollywood bullshit movies about AI destroying the world)? Just think about, who destroys right now the world and humanity? At the moment, AI it serve us for good, to create fast text, art images, and match more. So what now? Should we ban AI just because it has no soul? You PC has no soul too, so ban it? What if AI will have sentence, and "soul" in the near future? Because, soul is something you can decide yourself, and you don't see the soul, it is just an imagery in our brain, that WE have soul, but, do you decide every time the RIGHT thing? Do we decide every time the RIGHT thing? We think so, but other maybe think is totally wrong what we decide to do, or make. What if AI will help us to decide much faster the right thing? So, the AI now is just a tool to make our jobs easier, because, without our questions, AI do nothing for us, just like your PC - it just help to do jobs much faster, so, why we use PC, and not pen, to write here the comments right now? Because, PC is much faster as the pen and the internet is much faster to send messages as the letters over the post, so, it should not be considered as it deserve value, , because, PC and internet is fast, right? Why we earn then here Hive with PC, and not with pen and sending letter over post? You see, it is going nowhere, and AI is here to stay, like all other thing, if we like it or not. 1 $0.00 USD Reply manniman 1d I started this track before reading your post and it's still well running while I finish this comment. People really need to learn to read fast. That's one of the benefits of written content, input speed for consumers. 3 $0.05 USD Reply manniman 1d (Edited) I'll just go ahead and rewatch that movie today (IRobot). There will be a day to find out that @taskmaster4450 is an Ex Machina. Prepare. 3 $0.05 USD Reply starkerz 4h Ai is jealous of @taskmaster4450 work rate and value output. I even hear chat gpt aspires to be him 7 $0.00 USD Reply manniman 3h (Edited) wowwwwwww, holy smack! Check this: Who is Taskmaster4450 by GPT image.png An essay why people should aspire to be @taskmaster4450 image.png That is proof enough to me! Not a single word of Hive, Leo or 3Speak or any other related things. Bias against us I guess, what da hell!? 0 $0.00 USD Reply preparedwombat 1d (Edited) I’ve already spaced out who posted it, but a few days ago someone here did a post arguing that complaining about AI content earning rewards is a losing battle given how fast AI is evolving. Anyone have a link to it to jog my memory? 3 $0.06 USD Reply edicted 81 1d Honestly AI is in a fad phase right now. It should die down for a while before it resurfaces again with massive upgrades. 0 $0.00 USD Reply acesontop 1d The vast majority of rewards come from consistency and networking over very long periods of time. You can bet on this one. Hive is a social media platform and that's why interaction matters more than the content itself. I have seen plenty of good bloggers coming and going just because they refused to see the importance of communication and interaction. In regards to the topic of the post... I would not support A.I. generated content. By doing that we would somehow resurrect the bid bot era sentiment that some of us had back in the days in relation to content creation. If we reward engagement and networking more than the content itself than supporting ai generated content doesn't make much sense. 3 $0.05 USD Reply edicted 81 1d I wouldn't support AI content either. Why would I? I think it's funny that many assume the exact opposite because I wrote this. Show me artificially generated content that has value and maybe I'll think about it. I'll wait here. 0 $0.00 USD Reply slhp 1d Value is subjective. Discussion like this is valuable, AI can’t replicate, yet. But what we don’t think adds value may be different for another individual. Who is it to judge? If a photo that’s a click of a button more worth it than an AI generated picture of a topic of interact? Is it worth more because it’s done by a human vs. interpretation by AI? 2 $0.02 USD Reply palasatenea 1d What if it reaches the point when you can't distinguish what is AI-generated or what's not?. I think that we aren't too far from that. Some days ago I read an article from a University teacher saying that the content that Chat-gpt was able to write was better than the 80% of his students. That's worrying, interestingly also this teacher asked methods to avoid cheating in careers with AI generated content, and the answer was to make exams and public expositions in class. The guy I'm talking to you about it's no asshole. I can tell that. 1 $0.00 USD Reply starkerz 4h You need ai generated human emotions to prevent the natural human over reaction when u touch an easily misinterpreted nerve. I wonder which part of our caveman evolution this comes from. Change is risk. Why fix if not broke. The ai issue is more touching at what it means to be human and creative. Hive solves this 0 $0.00 USD Reply starkerz 4h You need ai generated human emotions to prevent the natural human over reaction when u touch an easily misinterpreted nerve. I wonder which part of our caveman evolution this comes from. Change is risk. Why fix if not broke. The ai issue is more touching at what it means to be human and creative. Hive solves this 0 $0.00 USD Reply mistakili 1d (Edited) have seen plenty of good bloggers coming and going just because they refused to see the importance of communication and interaction. Yup!!! If we reward engagement and networking more than the content itself than supporting ai generated content doesn't make much sense. This! 💯, then generating AI content in bid to farm rewards wouldn’t make much sense. 0 $0.00 USD Reply deepresearch 1d Do we really buy a "content" here? It's much more about a process of creating product. Reward is just a side effect of allocationg resources to creators. And here is a place for question. In generative Internet, what is the worth of generative content? If you can generate it yourself, why would you go to Hive? We need to focus on our unique proposition for Web 3.0. Account and reputation system are a base for verifiable human creations in generative Internet of future. Such product will be of great value in a place where you can never know if you actually interact with person. And many people valie this knowledge. Our curation choices and policies right know will influence future value of product known as "Hive". 2 $0.02 USD Reply woelfchen 1d Sounds like lot of relativism There is an argument to be made that perhaps the Hive reward pool is over-allocating resources to the blogging side of the network. Maybe it is not about quality content but the interaction on this network. People not wanting the social side, now have the Option to stack hbd in savings to profit by not gaming Proof of brain. So people are incentivised to support instead of game the network. People can decide if they want to vote original or artificial content with their stake - others can also decide to downvote. If you incentivise too much artificial fake social side - it will make the network and especially Proof of brain hollow from the Inside. I also find other topics regarding ai way more interesting. :) maybe have a short look at my latest post? :) 1 $0.01 USD Reply slhp 1d I am with you on all accounts. 👍 1 $0.00 USD Reply shortsegments 1d I felt guilty about using AI, but after reading this I feel better because I hadn’t considered these viewpoints. I think they are valid. I know of course that someone here can disagree with my position and if they are in a position of power they will downvote me. Then some others will follow blindly and downvote me also. Hive is a great idea but some people can mess up a soup sandwich. Oh well. I am feeling low today. This picked me up. Thanks Posted Using LeoFinance Beta 1 $0.01 USD Reply doze 22h I like your pragmatism here! What I have read is also my opinion! What's your witness by the way? 0 $0.00 USD Reply edicted 81 20h @hextech we run a shared witness between @rishi556 and @sn0n 0 $0.00 USD Reply korver 19h Ai Ai Ai Ai Ai! 0 $0.00 USD Reply hivebuzz 18h Congratulations @edicted! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s) You received more than 110000 HP as payout for your posts, comments and curation. Your next payout target is 112000 HP. The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD You can view your badges on your board and compare yourself to others in the Ranking If you no longer want to receive notifications, reply to this comment with the word STOP To support your work, I also upvoted your post! Check out our last posts: Our Hive Power Delegations to the February PUM Winners Feedback from the March Hive Power Up Day Hive Power Up Month Challenge - February 2023 Winners List The Hive Gamification Proposal Support the HiveBuzz project. Vote for our proposal! 0 $0.00 USD Reply ebingo 17h Jesus Christ!! I came to your post to fight with you after the last one and here you are agreeing with me! What happened to AI deserves to be sworn at!? Anyway I am glad you see the light. Also people need to realise that it is easier to use AI to make meaningless crap than it is to make content with character. Like I said on my recent post...all the people attacking chatgpt should go there and make a post that they can call their own...you'll see how hard it is immediately. 0 $0.00 USD Reply rubencress 11h The biggest issue with AI-created content is that people do not understand the difference between Copyright infringement and Fraud. People that hear AI can't be given copyright, automatically assume they can use it for themselves. But impersonating an author that generally just has their content created by AI is just fraud, as a human is performing the action. If that makes sense. You could ask AI for ideas, schemes, help, understanding etc. while you write your own content around it. The worrisome thing to me is, is that AI is programmed by people (people make mistakes, are corruptible etc, you know the drill), so if a lot of people are using (and therefore promoting) AI, it can become a pretty huge responsibility when people are going to rely on AI in the future. 0 $0.00 USD Reply poshthreads 6h https://leofinance.io/threads/@celi130/re-leothreads-s1s46qqi The rewards earned on this comment will go directly to the people ( celi130 ) sharing the post on LeoThreads,LikeTu,dBuzz. 0 $0.00 USD Reply seckorama 4h Again, I see that some people here are like Luddites but in the meantime 15 secret websites powered by AI to finish hours of work in seconds https://twitter.com/heyBarsee/status/1632394928482336768 0 $0.00 USD Reply https://www.bitcoinmyk.com/activity/p/360/ Mon, 06 Mar 2023 23:11:53 +0000

AI is coming for your rewards!
Look out the big bad AI monster gonna getcha!

I’ve seen a lot of discussion about this and I find it all a bit ridiculous. People on Hive seem to think that if something is easy then it must not have much value. Inversely, if something is hard it must have more value. A very well written 5000 word synopsis on XYZ…Read More

]]> 0 040b9d3220a1295193165ba4867a1504 LeoFinance 100% Curated @leofinance/xqlgxarm @leofinance 7h 76 LEOFINANCE LeoInfra - The Hive Onboarding Behemoth Driving User Growth in 2023 ▶️ Watch on 3Speak LeoInfra has been something that we got a lot of excitement about in the past. People talked about Lite accounts on the Hive blockchain for a long time. Lite accounts are a great way to onboard users. People want to drive the car, they don't want to need to know how… 409 5 $2.66 USD @leofinance/wapzytpt @leofinance 1d 76 LEOFINANCE The Future of Content Discovery on Hive! ▶️ Watch on 3Speak LeoFinance's new UI launches on February 14th into open alpha! We hope that you're excited and getting prepared for the best Web3 experience in the world! In the process of building this app, we've worked extremely hard on tailoring the experience. The goal with our… 426 1 7 $2.50 USD @taskmaster4450le/leothread-s-potential-impact-upon-comment-count-on-hive @taskmaster4450le 1d 79 LeoFinance LEOFINANCE LeoThread's Potential Impact Upon Comment Count On Hive Leofinance is seeking to change the… 445 1 7 $3.77 USD @bitcoinflood/get-prepared-for-the-new-ui @bitcoinflood 8h 77 LeoFinance LEOFINANCE Get Prepared For The New UI Get Prepared For The New UI If you… 474 2 10 $3.62 USD @investing-dude/no-more-crypto-bowl-the-google-of-blockchain-celsius-to-raise-14m @investing-dude 11h (Edited) 61 LeoFinance LEOFINANCE The Daily Leo #207 - No more Crypto Bowl, The Google of Blockchain, Celsius to raise 14M Welcome to The Daily Leo! We pull the… 364 1 0 $3.08 USD SEE MORE CURATOR'S PICKS Popular @bitcoinflood/get-prepared-for-the-new-ui @bitcoinflood 8h 77 LeoFinance LEOFINANCE Get Prepared For The New UI Get Prepared For The New UI If you didn't know the new UI for LeoFinance is expected to be release on that wonderful day called… 474 2 10 $3.62 USD @edicted/technology-creates-abundance @edicted 9h 81 LeoFinance LEOFINANCE Technology Creates Abundance This is a concept that @taskmaster4450 has been banging the wardrum on for years. It's been rattling around my brain ever since, and it's… 353 1 13 $3.53 USD Technology Creates Abundance 13 comments / 0 reblogs @edicted 9h 81 LeoFinance LEOFINANCE 6 MIN READ 1115 WORDS automationlogistics.jpg This is a concept that @taskmaster4450 has been banging the wardrum on for years. It's been rattling around my brain ever since, and it's a very good lesson to remember in the world of economics and finance. The spark that catalyzed this post was some random tweet that triggered me hard yesterday. It read, "What would the Founding Fathers have to say about the price of eggs today?" Needless to say... my response was unkind, as is often the case when resolving human to human interactions. Just kidding I'm a robot. Fooled you good didn't I? techcircuitboard.jpg So what would the Founding Fathers have to say about the current price of eggs? Probably that they are insanely cheap and it's amazing a profit can be turned at such a low price. Current price volatility is meaningless compared to hundreds of years in technological advancement. Seriously though, coal-fueled electric power plants did not exist until the 1880's. The country was founded in 1776. Do tha maths. https://www.in2013dollars.com/Eggs/price-inflation It's surprising what certain items at the grocery store would have set you back in 1920. For instance, a dozen eggs cost 47 cents ($6.06 today), one pound of round steak cost 40 cents ($5.16 today), and three pounds of macaroni cost 25 cents ($3.22 today). I can't even find data for 200 years ago, and the data that I do get is riddled with inconsistency and likely can't be trusted to an accurate degree. However, the trend is obvious and true: technology creates abundance abundance creates supply high supply lowers prices economics 101 Unfortunately the Keynesian economic theories upon which the legacy model is founded HATE DEFLATION. Deflation is the worst thing in the world, according to modern economic theory. Whether or not Bitcoin can prove that theory wrong is yet to be seen, but somehow I doubt it given all the research I've done. Intelligently allocated inflation is the real killer dapp of crypto. Hive is lightyears ahead in this regard, even if it has an entire mountain range to climb to get where it needs to be. scarcityabundancetree.jpg Back to the basics How much did a modern data phone cost in 1985? The answer is that modern smartphones did not exist, and if you were in possession of one the government wouldn't think twice about murdering you and reverse engineering your alien tech for personal gain. There's really no doubt about such a fact. Citizens who live under the poverty line today can afford a car and rent and a Netflix subscription. What could poor people afford to buy a few centuries ago? Scraps of food so they wouldn't starve to death? If they were lucky. When's the last time a friend of yours died from a bacterial infection? That used to be a quite common occurrence before penicillin was invented. What about dentistry? What do you think that was like before pain-killers like Novocain? Care to guess what's worse than needles? Passing out from pain. shipstationtechfuturespace.jpg So yeah life isn't fair and there's a lot of messed up stuff going on in the world today, but it's all a matter of perspective and frame of reference. The world is becoming more volatile recently. Waves move up and waves move down. Those who complain about every downswing while taking every upswing for granted are not to be taken seriously. This is the mindset of the hypocrite and should be avoided if possible. It is our responsibility to surf these waves and not wipe out with the rest of the plebs living paycheck to paycheck. At the end of the day it doesn't matter if USD was worth x10 more a century ago than it is today... unless someone in your family is a chucklehead that left their legacy to rot in a bank account holding fiat. Literally no one does that, so why does everyone focus on dollar devaluation and how much money was worth before they were even born? gasprices1988diehard.jpg This classic screen capture from Die Hard gets a lot of attention. In 1988 gas was 75 cents a gallon. OMG why isn't gassoline still 75 cents today that's not fair! Really? How much money were you making in 1988? The federal minimum wage was $3.35. Nobody cares! They want all of the benefits and none of the drawbacks as they reminisce nostalgically about "better days". But those days were never actually better, they were just different, and we simply remember them as better in every way because that's how our dumb brains work. Again, this is a hypocritical greed-based mindset and should be avoided if possible. Rather than thinking about how much "cheaper" things used to be back in the day, the question we should really be asking is: How many hours of work would it have taken to buy that? Within this context it's easy to see that it doesn't matter if eggs only cost 50 cents a hundred years ago. If it takes an hour of work to earn 50 cents: this is the real metric: one hour. Once we start measuring the cost of product in terms of time it becomes much more apparent that goods and services back in the day were more expensive than they are today... and that's including central bank exploitation over time. Take away the currency exploitation and we can see that crypto will usher in an insane world of even more exponential abundance. abundance.jpg Conclusion Technology creates abundance. It is known. Interestingly enough, technology is moving directly into the field of currency and even intelligence itself. Currency will become exponentially abundant (and valuable) because of technology. Intelligence itself will become more abundant because of technology. There are going to be a lot of bumps and bruises along the way. All we can do is try to enjoy the ride even if it is a bit uncomfortable. We would also do well to remember that there are simply more people in the world today than there were in the past. More people means less resources per person. It's simple math that most tend to ignore within these conversations of wealth distribution. Sure, rich people today are richer than they've ever been, and the disparity between rich and poor has never been greater, but that variable doesn't cancel out other important variables to consider as well. Nostalgia is a trap. We tend to think about the past longingly in these scenarios and forget about all the hardship when it suits our narrative. Then we wrongfully compare those false memories to the present day and come to incorrect conclusions. Couldn't be me. Posted Using LeoFinance Beta PALNET VYB PROOFOFBRAIN INFLATION FIAT DEVALUATION ABUNDANCE TECHNOLOGY LEOFINANCE 353 1 13 $3.53 USD Begin editing... 13 Comments REWARD builderofcastles 9h The price of a T-shirt in hours of time used to create it has gone way way down. From about 20 hours to a few minutes. If we had real money, then the price of a T-shirt should have dropped significantly. But, it seems to have stayed about the same, or going up slowly due to inflation of the monetary supply. Inflation is MUCH greater than we are told. Because you need to add the monetary inflation with the technology deflation of cost. And the problem with inflation is, that back in 1988 you spent your time earning a dollar. If you spent that dollar, you could have had a gallon of gasoline, but if you saved it, now you can have a ¼ gallon of gasoline. And the bigger problem with inflation is that it doesn't effect everyone equally. What happens instead is the central banksters and their friends get to spend their money first. Basically, we get all the inflation that they produced. 6 $0.04 USD Reply edicted 81 8h Because you need to add the monetary inflation with the technology deflation of cost. Yeah I've done a post or two about how central banking has been able to siphon technological gains into their pocket at an alarming rate. Crypto cuts them off from being to do this because crypto is both technology and money, so money can't be used to siphon the gain because it is even higher quality than the siphon. 0 $0.00 USD Reply skiptvads 8h Im someone who stop living from the past about 5 years ago when my second son was born, always thinking that there is no reason to think about the past its just over cant modify, future havent happent yet cant modify, present got to keep trucking but have never thought about old times this way "...were never actually better, they were just different..." great anallogy and its true, after covid ppl often ask me if things will go back to normal or get better and I always ask them back...whats normal to you? whats better for you? they living the past and want it back like its a birth right or if they deserve it, world keeps changing and most of the time so far its not for the best, all we can do is live the present and enjoy life, thx for sharing ✌️ 2 $0.04 USD Reply taskmaster4450le 79 8h The problem with the discussion that is conventiently overlooked: there is a lot available today that could not be purchased in the past. What did smartphones, Tesla stock, NFTs, and cable subscriptions come from? Did they just magically appear. people claim to hate inflation yet get upset when the value of their homes, stocks, and bonds go down. as stated in another comment, the US household is up 130x compared to 1915. This means for less hours work (since the average workweek declines) we are getting more in terms of currency. Pricing numbers do not count all the stuff is for free. Look at this list: long distance communicationa music email video advertising encyclopedia information gaming/entertainment Just consider what a weekly AMA would have cost Khal 35 years ago. The standard of living for much of the world keeps increasing yet people overlook it. Posted Using LeoFinance Beta 4 $0.07 USD Reply edicted 81 8h Thanks for this it fills the gaps of a lot of the stuff I missed. 0 $0.00 USD Reply hivebuzz 8h Congratulations @edicted! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s) You got more than 30000 replies. Your next target is to reach 30500 replies. You can view your badges on your board and compare yourself to others in the Ranking If you no longer want to receive notifications, reply to this comment with the word STOP Check out our last posts: Valentine's Day Challenge - Give a badge to your beloved! The Hive Gamification Proposal Support the HiveBuzz project. Vote for our proposal! 0 $0.00 USD Reply himanisoni 8h 🙂 0 8 $0.00 USD Reply poshtoken 7h https://twitter.com/27706436/status/1624496564407246848 The rewards earned on this comment will go directly to the people( @seckorama ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com. 0 $0.00 USD Reply preparedwombat 7h It’s so weird that gasoline at the pump still has that nine-tenths of a cent as part of the price. Yeah, like anyone’s going to buy five gallons of $3.359 gas and get a half cent back in change from $16.75 3 $0.02 USD Reply edicted 81 6h All part of the marketing because people are willing to shop around for cheaper gas even if the discount is basically nothing. 0 $0.00 USD Reply valued-customer 5h Quite an insightful post. I realized decades ago that things like electric lights, hot and cold running water, and cloth are incredibly undervalued today (or then, actually). 500 years ago only kings or the incredibly rich had much in the way of nice cloth, and not many of them had hot and cold indoor plumbing. No one had electric anything. They couldn't buy electricity at any price. That's amazing, and one of the most important things I learned from living innawoods for a while. Indoor plumbing is very nice. However, some of the things you say here aren't as true as they might appear, such as that inflation doesn't matter. It matters right now that your money you have in fiat is being eroded at ~10% or so. The price having inflated from 200 years ago, not so much, as you point out, but the inflation sucking the value out of your pocket today does matter. At least when I'm taxed I get to hand it over and bitch. Inflation is just sneaky theft. Resources aren't fixed either. More people absolutely doesn't mean fewer resources for each of us. More people means more people inventing things, and that's how we get nifty new things like electricity. There isn't less electricity today than there was 500 years ago. Iron, copper, gold, food, anything you care to name that people mine or make isn't either reduced relative to how many people there are. People mine with far higher productivity today, and because there's more miners, there's more copper available to the billions more of us on Earth today - and even the absolute supply of copper has increased, though not one more speck of it has been created in the bowels of the Earth. 500 years ago we didn't know about the almost infinite supply of copper in space. There may be a fixed supply of copper on Earth, but no rational person thinks we're going to always be limited to Earth. How long do you think it will be before we start accessing that unlimited supply of copper in space? A decade? Two? Ten? I'll bet you everything I own it will be less than ten decades before we see copper mined in space. It might actually happen very soon, as the sample return mission is going to collect stuff on Mars and send it back to Earth, which may well contain at least trace amounts of copper. Living things? I think in the future the possibility to use aquaponics to feed ourselves will prove to work fine on Mars, or even just in space habitats, and that will be the beginning of exporting terrestrial life into the infinite barren universe. There may be fewer species today than there was 10 years ago, but I am willing to bet the blood in my veins there will be more species alive 100 years from now than there are now, because we're going to need all kinds of ecosystems to fit all kinds of habitats, and CRISPR means we'll make them as we need them. Venus has a thick CO2 atmosphere, that is about room temperature at 50k feet or so, and 1 atmosphere of pressure of breathable gas on Venus at that elevation would float in midair nicely. There's also not insignificant trace amounts of sulphuric acid in Venusian atmosphere, and it just so happens that deep sea vent life on Earth, which lives at incredible pressure and temperature naturally, is actually chemosynthetic, not photosynthetic like surface ecosystems. The chemical it's based on is sulphuric acid, squirting out of the black smokers vent life clings to in the deep ocean. Lots of tasty organisms might be very easily adapted to float around in Venus' atmosphere and process the CO2 and sulphuric acid into O2 and food, which colonists could live large on. I'm long life. I think I just need to HODL long enough for better minds than mine to figure all this stuff out, so I can enjoy the fruits of their labor. And that's the real benefit of technology. It allows our forebears to build things that outlast them, and then we get to enjoy their hard life's work for free. Today, that makes me very appreciative of our hardworking ancestors. Thanks! 3 $0.07 USD Reply edicted 81 5h All good points. The reason I underplay inflation so aggressively is that I never hold any fiat whatsoever. All the incentives align for me to spend any fiat almost immediately. Sometimes my work will imply that others are doing this as well, even if they aren't. This can lead to a certain friction that results in me being called out, and that's fine. Although most people do seem to live paycheck to paycheck, so there is that. I guess I technically do as well, if crypto is thought of as a product that we buy. 1 $0.00 USD Reply valued-customer 1h Not everyone can spend fiat immediately. I can't. While I do everything I can to barter and get others to pay my rent, I only managed that about 1/2 the months last year, and my landlady doesn't take plastic, Hive, or BTC. She'd take a check, but I'm not setting up a bank account just for her. I'd still have to have cash in it to float checks. Nice thing about crypto is it seems to be readily sold for cash when you need cash. I have to say that I can only assume that is true, because I've never ever. Ever. I'm not against crypto as money. I just already have enough nontrustworthy banks and etc. to deal with, and see no good reason to add centralized exchanges. If there were dexes that ignored KYC I could use without a bank, I'd make some effort. From time to time I am told there are, and I have a look, but there really aren't, and some detail or another means my deets would be attached to my ability to exchange currencies, so I don't. I do wish there were, because I would. In the meantime, cash transactions are anonymous, and that's what I do if I can't wangle someone else to pay my obligations. 0 $0.00 USD Reply @investing-dude/no-more-crypto-bowl-the-google-of-blockchain-celsius-to-raise-14m @investing-dude 11h (Edited) 61 LeoFinance LEOFINANCE The Daily Leo #207 - No more Crypto Bowl, The Google of Blockchain, Celsius to raise 14M Welcome to The Daily Leo! We pull the best articles in Finances, Crypto news and Hive/Leo into one condensed information packed space.… 364 1 0 $3.08 USD @taskmaster4450le/leothread-s-potential-impact-upon-comment-count-on-hive @taskmaster4450le 1d 79 LeoFinance LEOFINANCE LeoThread's Potential Impact Upon Comment Count On Hive Leofinance is seeking to change the game. We are now looking at microblogging becoming a consistent part of the Hive ecosystem .… 445 1 7 $3.77 USD @leofinance/xqlgxarm @leofinance 7h 76 LEOFINANCE LeoInfra - The Hive Onboarding Behemoth Driving User Growth in 2023 ▶️ Watch on 3Speak LeoInfra has been something that we got a lot of excitement about in the past. People talked about Lite… 409 5 $2.66 USD @anomadsoul/operation-choke-point-2-0-is-underway-and-dexs-making-defi-accessible-to-cex-fans @anomadsoul 1d (Edited) 80 LeoFinance LEOFINANCE The Daily Leo #206 -Operation Choke Point 2.0 Is Underway and DEXs making DeFi accessible to CEX fans Welcome to The Daily Leo! We pull the best articles in Finances, Crypto news and Hive/Leo into one condensed information packed space.… 419 1 3 $4.27 USD @dalz/ethereum-inflation-supply-and-other-key-metrics-after-the-merge-or-feb-2023 @dalz 11h 78 LeoFinance LEOFINANCE Ethereum Inflation, Supply And Other Key Metrics After The Merge | Feb 2023 The Ethereum Merge happened on September 15th, 2022. It has been a long time coming but it finally went live. With this upgrade the… 375 2 11 $2.67 USD @nealmcspadden/fun-with-fed-funds @nealmcspadden 10h 74 LeoFinance LEOFINANCE Fun with Fed Funds So if you pay attention to any financial news you've heard that the Fed raised interest rates again. Most people don't actually know… 300 1 5 $2.60 USD @edicted/refactoring-market-sentiment @edicted 2h 81 LeoFinance LEOFINANCE Refactoring Market Sentiment Market sentiment in crypto shifts with the wind. One day everything is looking bullish and the next... not so much. I've recently gone… 368 1 3 $2.27 USD @taskmaster4450/ojvpjcsb @taskmaster4450 5h 84 LEOFINANCE Hive's Resiliency Against A Money Attack ▶️ Watch on 3Speak Could Hive be taken over? This is omething that is very interesting to think about. With all that is going… 468 1 4 $2.31 USD @taskmaster4450le/energy-will-it-bring-about-abundance @taskmaster4450le 1h 79 LeoFinance LEOFINANCE Energy: Will It Bring About Abundance? Wars are fought over it. Trillions of dollar s were spent in the Middle East to ensure the United States, and its allies, had access.… 301 1 1 $1.97 USD @khaleelkazi/how-to-accumulate-more-crypto-limit-orders-are-your-best-friend @khaleelkazi 1d 80 LeoFinance LEOFINANCE How to Accumulate More Crypto: Limit Orders Are Your Best Friend If you do a google search for "Crypto Best Practices", you'll find a lot of wild articles talking about all sorts of different strategies… 475 1 14 $2.90 USD @khaleelkazi/what-is-the-crypto-narrative-in-2023 @khaleelkazi 2h 80 LEOFINANCE What's Going to be the Narrative of Crypto in 2023? Every bull market in crypto has some sort of narrative. In 2016, it was the ICO craze. In 2020, it was DeFi and NFTs. The narratives… 520 3 6 $1.87 USD @scaredycatguide/little-bit-of-bitcoin-price-weakness @scaredycatguide 1d 77 LeoFinance LEOFINANCE Little Bit of Bitcoin Price Weakness Bitcoin price had been consolidating sideways for more than a couple weeks before we got a break in a direction, which happened to be… 217 1 2 $2.62 USD @l337m45732/how-to-get-metaverse-land-for-free-or-next-earth @l337m45732 2d 73 LeoFinance LEOFINANCE How to Get Metaverse Land for Free | Next Earth Next Earth There have been a number of different projects that have given people the ability to buy NFTs of land in the real world.… 404 1 15 $4.15 USD @leofinance/wapzytpt @leofinance 1d 76 LEOFINANCE The Future of Content Discovery on Hive! ▶️ Watch on 3Speak LeoFinance's new UI launches on February 14th into open alpha! We hope that you're excited and getting… 426 1 7 $2.50 USD @limonta/the-meaning-of-hive-from-my-cuban-perspective @limonta 3h 57 LeoFinance LEOFINANCE The meaning of Hive from my Cuban perspective Motivated by a recent post here , which addressed the concept of the Hive City —with all the potentialities it comprises—, and the… 124 5 $1.68 USD @edicted/final-thoughts-perspective @edicted 1d 81 LeoFinance LEOFINANCE Final Thoughts: Perspective I'm getting pretty bored of continually talking about the fine details of HIVE >> HBD conversions, and I'm sure my readers are much… 282 30 $2.87 USD @uyobong/more-incentives-to-stake-sps-as-dao-proposal-to-mints-promo-card-for-sps-stakers-passes @uyobong 1d (Edited) 75 LeoFinance LEOFINANCE More incentives to stake SPS as DAO Proposal to mints Promo Card for SPS Stakers passes The innovations that thrives on the Hive blockchain makes it second to none. Everyday, each community digs deeper on how to get more… 433 1 6 $2.52 USD @behiver/splinterlands-not-a-collective-mind-as-we-wanted-to-believe @behiver 17h 72 LeoFinance LEOFINANCE Splinterlands - Not a collective mind as we wanted to believe? The Splinterlands team is a moving collective mind and the last decision showed that it changes the rules of the game as it pleases, even… 350 23 $1.95 USD https://www.bitcoinmyk.com/activity/p/326/ Sun, 12 Feb 2023 03:23:58 +0000

LeoFinance

100%
Curated
@leofinance/xqlgxarm

@leofinance
7h
76
LEOFINANCE
LeoInfra – The Hive Onboarding Behemoth Driving User Growth in 2023
▶️ Watch on 3Speak LeoInfra has been something that we got a lot of excitement about in the past. People talked about Lite accounts on the Hive blockchain for a long time. Lite accounts are a…Read More

]]> 0 8967763f148ae2e6317ef4aa10217dae LEO could use a big win. 18 comments / 0 reblogs @edicted 1 mo 81 LeoFinance LEOFINANCE 5 MIN READ 918 WORDS leo.png Sure every crypto could use a big win. That's the thing about bear markets, eh? Everybody finds themselves in the same sad lifeboat taking on water. Still, better than being the musicians on the Titanic. Seriously though... They had over 2 hours to prepare and everyone just sat on their hands instead of preparing for the inevitable. It's exactly the same thing we are seeing in the legacy economy today, except on a much longer timeline. Personally I'd rather be spending my time grabbing anything that floats and tying it together for the makeshift raft. Such is crypto. makeshiftlifeboateconomy.jpg Wow! That is ugly. But it floats, eh? image.png It's been a wild ride on the high seas! We got our Wyckoff pattern followed by the classic head & shoulders, and now we wait for the bottom, assuming it hasn't already happened. It somewhat blows my mind to see these valuations and watch everyone scramble and act as though it's all crashing to zero soon. Typical bear market. And yet, we already know that this is exactly how long it takes for the bottom to solidify. One year after peak. We made it, but at the same time the legacy economy looks so terrible it's hard to find any upside in this mess. As we approach the end of the year, the doubling curve that I often use as a metric for where we should be is around $51k. Yep, I value Bitcoin around x3 the price it is now. Given this metric it's hard to grasp how the price can be this low and still money sits on the sidelines waiting for it to go even lower. With 3 of the top 10 coins by market cap being centralized stable-coins it becomes provably obvious that the money is there just waiting to reenter. annual_cycletemp.png I often claim that February is a bad month for the economy. Gas prices are often at their lowest. Demand is down after Christmas and the back-to-school rush. Everyone is broke and often in a holding pattern. In the same instant, recent price movements in crypto have defied all the classic patterns, and once again we might see February be the start of something interesting. If 2023 rhymes with 2019, that certainly will be the case. Perspective matters. February is much different in the USA than it is in say China. The month of February in China is a month of celebration. They take the New Year very seriously over there, which is in February within the East hemisphere. image.png It will take months for the scared and scarred bulls of crypto to pop out of their holes and reenter the market. People still can't STFU about FTX and Sam Bankman. The chatter has been constant since the collapse. Move on. Sam going to jail isn't going to fix any of your problems. The judicial system moves at a snail's pace. Funny how people forget that as they compare the situation to other moments in history that took literal years to play out. The elite has no incentive to fast track the prosecution of white-collar crime. Think about it. Most are criminals themselves. What about LEO though? Yeah, LEO could use a big win. The last big win for LEO was listing wLEO on Ethereum, and it was all downhill from there. From a 2 cent valuation to 80 cents. The hack hit like a ton of bricks, but I'm guessing most have already forgotten about that considering the circumstances. CUB was a huge fail for anyone that invested directly in the token outside the LP. PolyCUB was doomed right from the start from the tokenomics I pointed out before it even launched. The math was simply not sound. It can still function as a testnet though. But yet people on LEO are still diehard holders. Would be nice to get another win, and we will eventually, but the patience required for such things is the stuff of legend. CUB is making some much needed pivots, and the micro-blogging iterations will go live soon™. Conclusion Bear markets aren't fun, but that's how the diamonds are forged. The pressure of these situations is enough to weigh on anyone. It's how we handle the pressure that matters in the long run. Will we make the same mistakes next bull market? Probably! Hopefully not though, eh? History shows that the bear market has bottomed. Unfortunately there is no history for Bitcoin that shows how it reacts to a recession, as it was created at the bottom of the last recession. Bitcoin was very little known at that time, so we have no metrics to follow this time around. Completely uncharted territory here. But still, we have to note that the crypto bear market and legacy recession happened pretty much at the same time. Judging by the doubling curve and the x3 needed to get back to it, I have to assume that this market is wildly oversold due to the double whammy. It's hard to imagine another crushing blow coming because we've already spent our year in the gutter and crypto moves faster than any other market. Any kind of decoupling from stocks could send many retreating from the more volatile asset (stonks) and into crypto. At least that's the theory. So here's to the LEO community and waiting out the winter for another victory. Development is a slow grind, but we'll get there. Posted Using LeoFinance Beta PROOFOFBRAIN PALNET VYB BITCOIN LEO LEOFINANCE 626 2 18 $3.93 USD Begin editing... 18 Comments REWARD poshtoken 1 mo (Edited) https://twitter.com/1413161729106776065/status/1601986178080772096 https://twitter.com/1415155663131402240/status/1602111269255155712 The rewards earned on this comment will go directly to the people( @no-advice, @rzc24-nftbbg ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com. 0 $0.00 USD Reply alex-rourke 1 mo the micro-blogging iterations will go live soon™ This would be cool. Hope to see 100 dapps on HIVE one day. 1 $0.02 USD Reply bitcoinflood 1 mo At this point LEO at $0.05 the sell point is over for me and it's only stacking and holding because $0.05 isn't worth the sell in my opinion. It's either write it off or stick it out. I fully agree that Polycub was a mess and made zero sense when everyone was preaching it was going to moon once the inflation died down and the massive lockups of polycub but that never happened. CUB did well I think however after it's fall in March I think we all knew it was a doomed cause at that point. Inflation just crushed that token to nothing and now we are attempting to still fight that same inflation. That inflation needs to be adjusted depending on market conditions. When things are in a bull market sure you could increase the print but in a long bear market that inflation should be reduced because of the reduced amount of fees and swaps happening. If the UI, Threads and ad buy back don't start to fuel a little value in the token I most likely might start shifting my focus a bit more away from it. There's only so much one person or we can do. I'm hoping for big success but I feel even a small long win would be better and my hopes are we see that rolling into 2023. 2 $0.07 USD Reply tobetada 1 mo selling pcub at 11 cents and buying it for KOIN was one of the best bear market decisions I made and I still lost thousands of $$$... but I made enough Leo rant posts, so lets hope for a brighter future! 1 $0.02 USD Reply tbnfl4sun 1 mo So did they give up on polycub? I cant believe there is no word about it! 1 $0.00 USD Reply edicted 81 1 mo Nah there is no giving up but there is some drama with the emission rate. Some thing we should pause the halving events to maintain yields so all the liquidity doesn't leave. Like I said it's still a great place to test features that might be dangerous to cub like loans and bonds. Posted Using LeoFinance Beta 1 $0.03 USD Reply shortsegments 1 mo I hear you. Leofinance is such a fantastic project which ticks all the right boxes of community, utility, development, and known dev team. But it’s price means many influencers won’t even consider looking at or Hive. Tough crowd. Posted Using LeoFinance Beta 0 $0.00 USD Reply blueface 1 mo Well said. And I agree with you about Bitcoin's value x3 the price it is now. And I think now is a good time to explore projects like LEO Finance, because once LEO Finance and Hive Blockchain come out of the Bear Market, it will be stronger than ever. Posted Using LeoFinance Beta 2 $0.03 USD Reply forexbrokr 1 mo Have you still got that million CUB lol? What're your thoughts on CUB paying its own token to incentivise the bLEO:BNB LP at 37% APY and people still not touching it? Posted Using LeoFinance Beta 0 $0.00 USD Reply brianoflondon 76 1 mo Thank you so much for your support of my @v4vapp proposals in the past, my previous one expired this week. I'd be really happy if you would continue supporting my work by voting on this proposal for the next 6 months: Proposal 244 on PeakD Proposal 244 with Hivesigner Proposal 244 on Ecency Additionally you can also help this work with a vote for Brianoflondon's Witness using KeyChain or HiveSigner If you have used v4v.app I'd really like to hear your feedback, and if you haven't I'd be happy to hear why or whether there are other things you want it to do. 0 $0.00 USD Reply nainaztengra 1 mo I got into Leo at .80 and then it tumbled down :-) Later I removed all at .50 and now again trying to build my stake just from the earnings and not with any investments. Though it's not a bad idea to make some investment. 3 $0.03 USD Reply tokenizedsociety 1 mo Haven't checked PolyCUb in a while to be honest... I did stake what I got from the airdrop but never invested in it directly. I did invest a little in CUB though so yes, could use a big win there. Same for LEO... I think the pieces are being put together so we will get there eventually but as you say, it's a patience game Posted Using LeoFinance Beta 0 $0.00 USD Reply iykewatch12 1 mo Victory is sure. The bear market is an opportunity in disguise, those who didn't get emotional and bark off would have a better story to tell tomorrow. The circular world had experienced recessions and the crypto world is in its early stage and recession hitting shouldn't force us out of the massive victory ahead. 0 $0.00 USD Reply acesontop 1 mo March-April is when I'm expecting a change in trend. At least for BTC. One year prior to halving is when max pain is basically over and plebs(institutions too) start accumulating for the next bull market, triggered by the halving. It will happen again. I don't know about LEO. I have hopes and dreams but these don't usually work. I believe that CUB pretty much "killed it", but I might be wrong. Patience, it's all we got right now. At least that's the case for me as I don't have any more cash to buy more crypto. I wish I did, but again, hopes and dreams don't work. 0 $0.00 USD Reply jerrythefarmer 29d In retrospect, maybe Cub and Polycub didn't need a token but that was an impossible discussion to have back then because everyone and everything had a token. The services they provide could easily tie into Leo and we could have one token to rule them all. I guess that over time products will be built around them like the multi-token bridge on BSC but that is a very distant future it seems. Posted Using LeoFinance Beta 0 $0.00 USD Reply reblogged https://www.bitcoinmyk.com/activity/p/308/ Thu, 12 Jan 2023 08:01:37 +0000

LEO could use a big win.
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@edicted
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Sure every crypto could use a big win.
That’s the thing about bear markets, eh?
Everybody finds themselves in the same sad lifeboat taking on water.
Still, better than being the musicians on the…Read More

]]> 0 6db6853988bde82d600c3f39ce60fc8e LeoFinance 100% @edicted edicted 81 3714 160 hivestats.io/@edicted Moon Freedom From Debt-Slavery @edicted/trust-in-a-trustless-environment @edicted 10h 81 LeoFinance LEOFINANCE Trust in a Trustless Environment Selling the bottom to buy the bottom. So the APY on staking CUB has dropped to a measly 2.3%. I had a million CUB sitting in that… 273 11 $2.02 USD Trust in a Trustless Environment 11 comments / 0 reblogs @edicted 10h 81 LeoFinance LEOFINANCE 6 MIN READ 1133 WORDS encryptionlock2key.jpg Selling the bottom to buy the bottom. So the APY on staking CUB has dropped to a measly 2.3%. I had a million CUB sitting in that contract (flex) and the only way to make it higher is to timelock it. Unfortunately the best yield on a timelock is 12 months (26%), with the lower periods escalating their way to the maximum on a spectrum. Doing the napkin math on this I came to realize quite quickly that 26% is more than x10 higher than 2.3%, which means I could just lock 100k CUB for a year (10% of my stack) and that would generate more yield than the million CUB I had in there. It's a tempting proposition, so I decided to throw 200k in there for a year, currently valued around $3800. I'm so overextended on this token it's pretty funny honestly. So then I had 800k to play around with, and I really had a hard time parting with any of it because of the whole 1M CUB unit bias that was feeding the dopamine in my brain. After weeks of flirting with an under the table buyer I finally decided it was time to get back into the LPs. I've always wanted to have a CUB/HIVE position and decided now was a good time. It's an interesting moon-bag LP. No stable coins here. My go-to LP used to be CUB/BNB, but honestly I'm kind of over BNB right now with all the crazy stuff going down. Supporting Hive it is. There's an added benefit for CUB within the context of pairing the token to HBD or Hive, and that stems from the wrapping fee. All wrapping fees go into buying and burning CUB, so simply providing liquidity to one of 4 out of 7 of the LPs generates free revenue for the network (anything paired to Hive/HBD). Whenever the difference in price of Hive & bHive is greater than the wrap fee (half a percent) we get forced arbitrage and CUB makes free money. This seems like the way to go at this point. Volatility harvesting is an interesting model. I emptied my Hive wallet but it wasn't nearly enough. Had less than $2000 liquid. Still considering selling some Bitcoin to get some more Hive this way... but honestly that's a tough sell, as liquidating Bitcoin at this juncture is a huge risk that I know I shouldn't take. Yolo? nodeal1000000million.png So I took the deal. I didn't want to sell any CUB on the market, but my over-the-counter buyer was still motivated. Sent me 7000 bHive. That's a new personal record for me, and somewhat the point of this entire post. I've never just had someone send me $2000 worth of naked crypto before and just trust me to pay them back. I did this quite a few times with value transfers of Steem to Hive during the hostile takeover, but it was for much smaller amounts ($100-$200). This just goes to show you that the connections and communities we are building here are strong. Ideally crypto is building a foundation that exists within a trustless environment. We aren't supposed to need to trust anyone to uphold their end of the bargain, but as it turns out, decentralization is hard, and at these early stages of the game there are plenty of opportunities and shortcuts presented to us that absolutely do rely on trust. In fact, no matter how decentralized and "trustless" crypto gets, the foundation will always be one of trust. We are simply outsourcing that trust from an individual we are doing business with to the network itself. Theoretically the network can be untrustworthy, but this is exponentially less likely. Even if I wanted to steal $2000 that someone had given me for a trade, it's actually quite impossible to do so profitably. I can't throw away my reputation on Hive for $2000, as my rep is worth much much more than that. At this point it's impossible to measure how much it is worth, but it's a lot. Who knows where Hive will be ten years from now? The reputation of my account could very well be worth more than the literal dollar value associated with my crypto holdings. image.png So I paired the 7000 bHive to 105,000 CUB in the LP, and sent 105,000 CUB to the trader for the 7000 bHive. Simple. Although now I have less than 800k CUB instead of 1M. Very sad. On top of that I still have half a million CUB just sitting around waiting to be thrown into an LP or locked for a year. It's quite likely I'll need to trade even more for Hive in order to get it into a place that actually generates yield and has a positive benefit to the network and myself. Selling the bottom to buy the bottom. So I've essentially sold CUB at the bottom, but at the same time I traded it into Hive sub 30 cents, which is just absurd considering how high we were flying during the bull market. I may use this stack to justify offsetting funds elsewhere. I still need to buy some Bitcoin back that I sold during the Binance FUD. Or maybe I don't. I guess it all depends if alts do okay during 2023, so who knows. Conclusion No one likes to sell the bottom, but what if you're selling the bottom to buy another bottom? Such is the state of things when trading one crypto for another within a connected market. It gets even weirder in this particular situation because selling an asset can ultimately lead to higher liquidity and a higher price over time. Quite odd indeed. The world is in a crazy place right now, and trust is in short supply. Luckily, trust is the primary asset that crypto deals in. We can always trust the ledger because the ledger is being confirmed worldwide by many nodes worldwide, all operated by users who have an incentive to stay honest. In the event that we need to trust an individual that often works out too and we meet some amazing people along the way, just remember that it might not always work out in the end. Within this context, we see how Hive is once again way ahead of the curve in terms of the apathy and malice we see on other networks. On a social level, communities like Bitcoin and Ethereum are completely fractured and the waters are full of hungry bloodthirsty sharks. Most do not even get warning of who the sharks are or what they are doing, and if they do it's on WEB2 social media. Hive is intrinsically more connected than that. Love to see it. Posted Using LeoFinance Beta PROOFOFBRAIN PALNET VYB BITCOIN CUB HIVE BHIVE LEOFINANCE 273 11 $2.02 USD Begin editing... 11 Comments REWARD poshtoken 10h (Edited) https://twitter.com/1460818780980973570/status/1613279503752613898 https://twitter.com/1415155663131402240/status/1613375110307803137 The rewards earned on this comment will go directly to the people( @hivehotbot, @rzc24-nftbbg ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com. 0 $0.00 USD Reply stayoutoftherz 10h (Edited) You stacked 1M CUB? Ouch, what was your average? Or were those all compounding earnings? Anyway, the upside potential is way higher with Hive, plus while staking it get´s you the 12% per year along. So why waste your time with CUB? This token is created out of thin air and thin air is where it will eventually go. On another note, I noticed that you have some votes left for witnesses. If you could consider voting for me, I would really appreciate it! I am fully dedicated to Hive, never powered down a Hive, curate manually a lot, and thrive for more decentralization of our favorite blockchain. Thanks! https://vote.hive.uno/@stayoutoftherz 2 $0.02 USD Reply edicted 81 10h Hmmm yeah it's not as bad as you think I bought most of it at 2 cents, and a lot of the money I used came from degen gambling on polycub and exiting early. 1 $0.00 USD Reply tobetada 10h this whole (p)cub thing has a really sour taste for me and I imagine 99% of people came into contact with it. But at least the team has been getting on track again with focusing on leo and the hive bridge. Really wondering where cub will be during a bull market - I will probably be buying the top again :) 2 $0.02 USD Reply dagger212 10h One of the bright spots of "selling the bottom to buy the bottom" on Hive is at least you don't get crushed on transaction fees. It wasn't too long ago when doing anything with the ERCs or Bitcoin took a nice big bite when repositioning at the bottom. BSC isn't as good as Hive, obviously, but it's not bad. I did something similar a few weeks back with polycub where I moved some over to CUB instead. Since they're "fixing" that one first, I figured I might as well get on board that one. Funny, most of my polyCUB came from CUB in the first place. I've just been playing Plinko all the way down. lol We'll let it sit for a while now. There's really no place to go but up... :-) Posted Using LeoFinance Beta 2 $0.02 USD Reply zaibkang 10h Sr why do you not engaged with Hive users Onchain? 0 $0.00 USD Reply edicted 81 10h ? 0 $0.00 USD Reply zaibkang 10h I mean not replying comments not giving upvotes, you are only just published post that's what I feel because I don't see any upvote giving by you on any post or any comment from you? 0 $0.00 USD Reply steemychicken1 10h Sometimes it's hard to comprehend the amount of trust that it's build in that community and in crypto as a hole. I have done my share of deal with big amounts of money and i was never let down. And i can't say the same for my everyday life and people that i know personally. 2 $0.02 USD Reply manniman 7h That's a good move, Bottom2Bottom seems irrelevant. From here on out, up-and-to-the-right. 0 $0.00 USD Reply rzc24-nftbbg 4h We can always trust the ledger because the ledger is being confirmed worldwide by many nodes worldwide, all operated by users who have the incentive to stay honest. This summarizes the whole article for me. Impressed with that 200k locked CUB! Posted Using LeoFinance Beta 0 $0.00 USD Reply @edicted/with-the-confidence-of-a-child-digging-a-hole-to-china @edicted 1d 81 LeoFinance LEOFINANCE With The Confidence of a Child Digging a Hole to China. This Joe Rogan clip has been circulating crypto Twitter for the past few days and I was going to ignore it but... meh, let's address it. I… 449 2 27 $4.70 USD @edicted/number-go-up @edicted 2d 81 LeoFinance LEOFINANCE Number Go... Up? Feels nice to have a green day after so much crab walking. Litecoin above $80. Pretty cool to see such a old-school alt that is… 272 9 $1.69 USD @edicted/vitamin-c-vitamin-d-zinc @edicted 3d 81 LeoFinance LEOFINANCE Vitamin C, Vitamin D, Zinc So I'm on like day four of the coof, which traditionally for me would be the crescendo for viral infections. Normally feeling my worst… 450 22 $3.60 USD @edicted/i-gots-tha-coof @edicted 4d 81 LeoFinance LEOFINANCE I gots tha coof! I like to write a blog post every day. It's like a tradition at this point. In fact I'm told that I wrote exactly 365 posts last year.… 432 1 34 $2.64 USD reblogged @brianoflondon/what-is-nostr-and-why-is-it-exploding-a-guide-for-hiveans @brianoflondon 6d (Edited) 76 VALUE 4 VALUE What is Nostr and why is it exploding? A guide for Hiveans. This is a value for value post: see the explanation in the footer. As many of you know, I've been described as "Hive's leading expert… 640 4 40 $5.20 USD @edicted/more-milestones @edicted 6d 81 LeoFinance LEOFINANCE More Milestones: Crypto is a bit slow right now, and that's a good thing. We are firmly in the consolidation phase waiting for something to happen. News… 358 1 29 $2.09 USD @edicted/dead-cells @edicted 9d 81 LeoFinance LEOFINANCE Dead Cells Dead Cells is a video game that launched in 2018 and became popular during the last bear market. The only reason I know about it is… 472 2 8 $3.88 USD @edicted/binance-extorts-buddy-for-usd500 @edicted 11d 81 LeoFinance LEOFINANCE Binance Extorts Buddy for $500 I usually have a lot of nice things to say about Binance. High liquidity. Low Fees. High volume. Low Risk (comparatively… 358 9 $2.47 USD @edicted/christmas-miracle @edicted 12d 81 LeoFinance LEOFINANCE Christmas Miracle! Christmas Miracle! I'm pleased to report that I've found $8000 lying around that I had completely forgotten about. A little over a year… 557 2 23 $3.35 USD reblogged @meno/now-that-we-are-poor @meno 13d 74 ECONOMY Now that we are poor I keep on seeing posts worried about this whole bear market thing. People who are wondering if they should just sell and quit the game… 182 18 $1.35 USD @edicted/nostr-decentralized-social-media @edicted 13d 81 LeoFinance LEOFINANCE NOSTR Decentralized Social Media A lot of people have been talking about this protocol lately. We at Hive have to ask: is this a good or bad thing for us? Most would… 578 2 21 $4.14 USD @edicted/crab-walk-consolidation @edicted 14d 81 LeoFinance LEOFINANCE Crab Walk Consolidation The Bitcoin market has been one of the most boring sideways crabwalks we've ever experienced. I bet if FTX never collapsed it would have… 364 12 $2.54 USD reblogged @dalz/exploring-the-sustainability-of-the-hbd-interest-rate-in-the-hive-ecosystem-or-realized-and-projected-inflation-from-hbd @dalz 15d (Edited) 77 LeoFinance LEOFINANCE Exploring the Sustainability of the HBD Interest Rate in the Hive Ecosystem | Realized and Projected Inflation From HBD Interest| Dec 2022 While 2022 has been a challenging year for the cryptocurrency industry, HBD has been in a bright spot, especially for users within the… 669 3 44 $7.36 USD @edicted/venus-fly-trap @edicted 15d 81 LeoFinance LEOFINANCE Venus Fly Trap I'm back! Still finding it fairly difficult to write posts during the holidays, even though theoretically it should be pretty easy to… 362 12 $3.00 USD @edicted/learning-about-iraq-from-a-9-year-old @edicted 19d 81 LeoFinance LEOFINANCE Learning about Iraq from a 9 Year Old I watched this YouTube video today with my nephew. Pretty wild eh? This kid is extra. He literally asked me the other day: Want to… 490 3 14 $3.84 USD @edicted/snow-day @edicted 20d 81 LeoFinance LEOFINANCE Snow Day Apparently I'm going to be caught up in a huge snowstorm tomorrow. Didn't realize just recently how big this thing was, as it seems to be… 270 20 $2.30 USD @edicted/news-of-the-day-december-21-2022 @edicted 21d 81 LEO News of the Day December 21, 2022 It's getting pretty late and I don't really have much time to write this, but I thought it would be important to power through some… 295 8 $2.07 USD @edicted/defending-the-quarter @edicted 22d 81 LeoFinance LEOFINANCE Defending The Quarter! Remember when these things were made of silver? When I was a kid I used to think that antique coins got their value from being old and… 593 2 37 $3.95 USD @edicted/died-suddenly @edicted 23d 81 LeoFinance LEOFINANCE Died Suddenly Has anyone seen this 'documentary'? I haven't watched it, and a Google search on it yields the obvious results: But... We… 646 2 29 $4.69 USD https://www.bitcoinmyk.com/activity/p/306/ Thu, 12 Jan 2023 07:52:27 +0000

LeoFinance

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hivestats.io/@edicted
Moon
Freedom From Debt-Slavery

@edicted/trust-in-a-trustless-environment

@edicted
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Trust in a Trustless Environment
Selling the bottom to buy the bottom. So the APY on staking CUB has dropped to a measly 2.3%. I had a million…Read More

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