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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Recap for Dec 2023

BY: @irivers | CREATED: Jan. 1, 2024, 10:21 p.m. | VOTES: 22 | PAYOUT: $0.50 | [ VOTE ]

[IMAGE: https://files.peakd.com/file/peakd-hive/irivers/23zkErcPf19yHucaEUERoMeBBgSx5XzCmBYvGkN8ptQ7ikKD5NRBGPrvk54P2YMMonC8k.jpg]

I started tallying my coins at the end of the month in August 2021. The chart below shows total account growth during this period. My account has grown from $2,216 to $2,646 in that period.

Isn't that spiffy.

This page shows the summary.

[IMAGE: https://files.peakd.com/file/peakd-hive/irivers/23tw9kEoc8MGDwarGpXbMdgpm5UmEw5CyoNHSZ73xHPBMxKPVBzMsZbp5V7qdrDsTbtV1.jpg]

NOTE: I borrowed several hundred dollars to buy HIVE which I must repay. The grey line shows the reported value of the account. The blue line shows the value minus the loan. The plue line will cross the grey line when I repay the loan.

I joined SteemIt 76 moons ago with the hopes of developing some community based web sites for the ecosystem.

I am really glad I didn't as I would have lost my shirt and been left living on the street.

I created the accounts @vagabondspirit , @irivers and @idoodle for different parts of the projects I wanted to created. I decided to use the accounts to curate HIVE tribes. @irivers curates STEM posts, @vagabondspirit curates #FOODIE posts and @idoodle curates CCC posts.

Liquidating My HBD

I decided to sell my HBD and pick up some #HIVE-Engine coins during the end of the year sell off.

I noticed HIVE Whales were punching the coins for the cookie cutter tribes.

I wonder if the whales are planning a strategic destruction of HIVE Engine?

Personally, I think that HIVE made a huge mistake when the powers that be decided to make HBD to the primary focus of the platform. The 20% interest on HBD failed to attract new users.

https://images.hive.blog/0x0/https://arcange.eu/hive-images/2023-12-31-ActivesMonth-EN.png

Monthly active user table by @arcange shows that users on the platform have declined steadily since the raise of the interest rate.

The tokens on HE crashed and I really don't see legions of users developing programs to interface with HIVE.

I am hoping that this year will be the year when the whales realized they made a mistake with the 20% interest rate. I don't know if reversing the decision will bring back the users and developers that HIVE lost in the last few years.

Here Is the Data

The data shows that my account increased from 1,358,056 coins in the last report to 1,533,45 coins.

The reported account value grew from $2,509.81 to $2,646.49. Wow, that is a $137.

Of course part of this is because I did strategic buys on HE which artificially raised the price of HBD and VYB just before I tabulated the figures.

Token Coins Last Month Difference USD Value HIVE 5,873 5,809 64 $2,155.39 HBD 0 27 -27 $0.00 BEE 335 329 6 $47.26 LEO 777 777 0 $43.96 WAIV 624 620 4 $33.52 CENT 15,055 12,990 2,065 $19.40 POB 5,141 4,406 735 $19.15 ALIVE 1,405 1,272 133 $15.42 PIZZA 1,750 927 823 $14.32 VYB 20,329 17,036 3,293 $9.21 NEOXAG 10,829 10,768 61 $4.83 PHOTO 18,300 12,990 5,310 $3.74 CTP 7,231 2,929 4,302 $2.66 COM 2,441 2,266 175 $2.15 ZING 400 10 390 $2.02 LIST 2,116 2,065 51 $1.38 LASSECASH 11,475 11,464 11 $1.10 MEME 32,300 30,322 1,978 $1.07 WINEX 28 28 0 $0.97 BEER 25 34 -9 $0.67 WIT 10,000 10,000 0 $0.55 PAL 10,004 10,003 1 $0.45 LOLZ 192 111 81 $0.43 BPC 2,523 2,523 0 $0.42 PAY 400,000 400,000 0 $0.33 PEPE 101,220 100,051 1,169 $0.28 DHEDGE 8 0 8 $0.24 VKBT 281 256 25 $0.21 TIX 200,000 100,000 100,000 $0.16 ARCHON 22 0 22 $0.14 PIMP 18 18 0 $0.12 PGM 23 22 1 $0.11 BRK 289 246 43 $0.10 SME 10,760 10,573 187 $0.09 FUN 224 161 63 $0.08 HUSTLER 100,000 50,011 49,989 $0.03 KANDA 246 214 32 $0.03 SPORTS 2,135 2,042 93 $0.01 THGAMING 92 36 56 $0.01 HH 1,000 553 447 $0.01 GIFT 156 156 0 $0.00 BLOG 123,032 123,032 0 $0.00 BHT 5,467 5,442 25 $0.00 NFTM 40,000 40,000 0 $0.00 LERN 429 204 225 $0.00 BUIDL 1,192 1,192 0 $0.00 HUG 247 141 106 $0.00 *STEEM 448 444 4 $115.67 *TRX 32 32 0 $3.51 *BLURT 1,967 1,963 4 $6.09 **PHOTO 121,985 121,985 0 $0.00 **DATE 900 900 0 $0.00 **DIAMOND 19,551 19,551 0 $0.00 **MEEP 50 50 0 $0.00 **POINT 13,278 13,278 0 $0.00 **BANJO 200 200 0 $0.00 @yintercept subtotal 1,304,404 1,132,459 171,945 $2,507.28 @vagabondspirit's coins CCC 55,343 58,850 -3,507 $18.72 WAIV 139 139 0 $7.48 POB 1,616 1,076 540 $6.06 NEOXAG 6,725 6,350 375 $2.99 PHOTO 10,014 5,019 4,995 $2.05 VYB 4,303 1,139 3,164 $1.95 FOODIE 49,936 43,796 6,140 $1.84 SWAP.HIVE 3 0 3 $1.25 WINEX 26 26 0 $0.89 BEER 27 26 1 $0.70 PAL 10,002 10,001 1 $0.45 PIZZA 32 31 1 $0.26 VKBT 272 269 3 $0.20 FUN 158 117 41 $0.06 LOLZ 17 17 0 $0.04 *STEEM 78 78 0 $20.21 *BLURT 39 39 0 $0.12 @vagabondspirit subtotal 138,732 126,973 11,759 $65.25 @iriver's coins STEM 25,880 25,026 854 $31.64 POB 2,896 1,979 917 $10.77 VYB 10,006 10,060 -54 $4.52 WAIV 70 65 5 $3.73 WINEX 27 27 0 $0.92 BEER 28 27 1 $0.73 BLOG 2,816 6,196 -3,380 PIZZA 31 31 0 $0.26 @iriver's subtotals 41,753 43,411 -1,658 $52.57 @idoodle's coins CCC 20,947 20,040 907 $7.09 VYB 10,008 10,018 -10 $4.53 POB 808 507 301 $3.03 NEOXAG 3,840 3,678 162 $2.40 WAIV 29 24 5 $1.54 WINEX 27 26 1 $0.92 BEER 24 0 24 $0.63 PAL 11,002 11,002 0 $0.50 VKBT 404 402 2 $0.30 PIZZA 31 31 0 $0.26 CENT 1 385 -384 $0.12 MUSIC 251 0 251 $0.05 JAHM 1,183 0 1,183 LOLZ 16 16 0 $0.04 @idoodle's subtotal 48,570 46,129 2,441 $21.39 Grand Total 1,533,459 1,348,972 184,487 $2,646.49

This might be the last report that I publish on HIVE. The reports get few votes and they make me feel bad. I will give the proceeds to my primary account @yintercept .

TAGS: [ #hpud ] [ #hive-engine ] [ #cent ] [ #hivepud ]

Replies

@hivebuzz | Jan. 2, 2024, 12:57 a.m. | Votes: 0 | [ VOTE ]

Congratulations @irivers! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

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@allentaylor | Jan. 5, 2024, 2:05 p.m. | Votes: 0 | [ VOTE ]

I don't know why people would leave over 20 percent interest. Where else can you get that kind of return on a savings account?

As for people coming to Hive, I do understand why that's not incentive enough. Humans have a built in skepticism. Tell them they can get 20 percent interest and they want to know what's the game.

@irivers | Jan. 8, 2024, 5:33 p.m. | Votes: 2 | [ VOTE ]

> I don't know why people would leave over 20 percent interest.

The acronym HBD means HIVE Backed Dollar.

The HIVE conversion algorithm backs the value of HBD with HIVE. HBD is a loan against HIVE.

You may not have noticed, but there is a button in your HIVE Wallet that allows people to convert HBD to a dollar equivalent of HIVE.

People who understand investing look at HIVE. They see that isn't an intrinsic value to HIVE like traditional stock. They see that there is an 11 million dollar loan against HIVE. The loan is currently 7% of HIVE and will jump significantly if there is a market disruption.

People who really understand numbers understand that the HBD loan costs HIVE more than 20%.

People tend to invest in HBD when the price of HIVE is strong. They convert their HBD to HIVE when the price is low. Last year I bought HBD when HIVE was around $4.44. I converted it back to HIVE after the price dropped below $3.

The market capitalization of HBD dropped about 2 million between the peak and valley.

That means that HBD investors bought 2,000,000 HBD at $0.4 HIVE. That is about 5 million HIVE. They converted the 2 million HBD to HIVE at about 0.3. They dumped about 6.6 million HIVE on the market during the market dip. This market move generated 1.6 million HIVE.

The market had to absorb this HIVE at a low!

As for my claim that the high interest drives away users, I beg you to look at the statistics by @arcange. The "Monthly active Users Chart" shows that there was a precipitous drop in users after the decicion to raise HBD interest to 20%. We lost about 2/3 of our users since this decision.

https://wsrv.nl/?url=https://arcange.eu/hive-images/2024-01-07-ActivesMonth-EN.png&q=80&l=7&output=webp

I can also prove that the sharp decline in HE coin values followed the decision to raise the HBD interest rate to 20%.

@allentaylor | Jan. 9, 2024, 2:19 p.m. | Votes: 0 | [ VOTE ]

Okay, I understand. So, based on this, it appears that people are leaving Hive because their HIVE is losing value. It would seem to reason that lowering the HBD interest rate could jumpstart an increase in the value of HIVE. Do you think that could bring some of these previous users back to Hive?

@irivers | Jan. 10, 2024, 5:59 p.m. | Votes: 2 | [ VOTE ]

People are reluctant to invest in HIVE because HBD is a large loan against HIVE.

HIVE needs the type of user that invests in the platform.

I have noticed through the years that activity increases in HIVE when people feel that the price of HIVE is on the rise.

There is a chance that reducing the HBD interest rate will bring people back.

!PIZZA

@allentaylor | Jan. 11, 2024, 1:17 p.m. | Votes: 0 | [ VOTE ]

Yeah, that makes a lot of sense.

@pizzabot | Jan. 10, 2024, 6 p.m. | Votes: 0 | [ VOTE ]

PIZZA!

$PIZZA slices delivered:
@irivers(1/5) tipped @allentaylor

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