Hive Goals and Updates

This weekly updates report is to hold myself accountable but also to track different movements and changes to hit my goals. It's also a way to recap updates and important things goin on with Hive. Hive's come a long way and the amount of development now happening often is hard to keep up with.

What's New At Hive

This week is the start of a new month and with that means your Larynx power can be claimed, locked up and delegated to one of the node operators to earn SPK tokens which are governance tokens of the SPK network.

Side note I seriously dislike the hive proposal system to be honest. While I get it is for developers it seems to more be a sink of hive and HBD being flushed out on projects that otherwise should be self sufficient and earning revenues. If your project is not earning profits and is not covering the costs for development then there are some seriously huge fundamentals wrong with your project. At least that will always be my stand on these requests.

We need to stop treading hive like a ATM machine on all levels and start treating these layer two tokens and side projects more like a real business that generates wealth and not takes it away. Imagine how powerful and robust hives price would be right now if we started to hold these places accountable and stopped handing over thousands daily to these projects that product zero revenue. THE MONEY HAS TO COME FROM SOMEWHERE!

The Goals

Days Left In The Year: 117

Hive

Goal: 100,000	Current: 79,627.28	Needed: 174.12/daily

Payouts on hive have fallen drastically on my posts but that's all part of the game around here. Now only pushing about 42 hive a day which includes buying hive has resulted in a rather lackluster earnings and growth. The only remedy for this to hit goals now is to continue to buy more hive through the passive income options I have but I'm starting to wonder if that would even be worth is at the moment.

This is mainly because the passive income earnings are earning at 20%+ apr while hive would only net me about 9%-11% APR so with all honesty accumulation of more hive is subset now compared to other options. While I'll still stack all my earnings from posts, curation and APR I don't see myself buying much at the moment.

*Image pulled from HiveStats.io

As you can see I've done a steady power up and once a week now I take all my hive-engine/wax earnings and I was starting to dump them back into hive. However I recently ran into a gamefi defi platform that I have a strong feeling is going to be huge and started to invest in it. So far those APRs are 90% as holding strong including a increased value of the token over the last 2 months. During a bear market it feels like many projects and people are enjoying and using it.

LEO

Goal: 75,000	Current: 69,553.18	Needed: 46.55/daily

LEO however has been strong. With constant interaction on LeoThreads in which I'm doing my best to encourage people to post other things than their blog posts and communicate with each other lol My hopes are the new noti system kicks in soon so people can more easily find comments on their posts and be able to write back to people. This is currently the biggest flaw of the platform which in my opinion is causing less and less people to use it. Speed wise things are looking pretty good now but there's still some lags which honestly would most likely prevent people from using it. Any kind of wait time on a web3 application is bad. It should be as good if not better than it's web2 variant and if it's not simply put it wont ever really succeed.

Other Updates

I now have a sub account for NEOXAG tokens called neo.bitcoinflood the goal of this account is to simply maximize the 2 million tokens I have for that front end. That's one of the big issues with all of these layer two tokens. Unless you create sub accounts you most likely are not maximizing the vote/curation values or doing proper curation if something has a single wrong tag.

As you can tell I'm sick and a little under the weather so my post might not be so upbeat as normal. However I'm also getting tired of promises by hive and layer two applications that continue to under deliver, under perform and in general just keep asking for more funds from the Hive pool.

Posted Using LeoFinance ^Beta