Saturday Savers 2024 Progress Report - Week 12

It's Saturday ! Lovely spring weather here in the Northern hemisphere... and I'm sat inside posting on Hive.... gotta do something about that, but first here's my weekly #SaturdaySavers update 😁

Image created by AI in NightCafe Studio

Here's my table of progress for the week;

How Did The Week Go ?

HP

Last week was an excellent week for HP earnings, mainly because I had a really good week the week before in terms of creating posts that people seemed to like.

HBD

I dialled back a bit on HBD purchases, to reflect the HIVE price slipping back a bit. It doesn't worry me too much, I'm still well ahead of my target. I'm wondering if this will be the month I crack the magic 30HBD of interest - it's going to be really, really close one side or the other !

Delegations

I'm continuing to creep my delegations up, currently adding 5 HP a week each to @eds-vote and @leo.voter - it's starting to make a noticeable difference in my EDS earnings.

SBI's

SBI's this week were awesome, for the first time in months I actually gained more from ones I was gifted than ones I bought !

Posting and Social Metrics

My posting rate was okay, but i had a big gap in the middle of this week due to being just too busy with work. The Royal Mail price increase kicks in this weekend, and with that and needing to re-engineer all my eBay listings I've had a huge amount of data crunching that needed to be done. However I still managed to keep my number of comments up, with some of that being through a consistent effort to try to remember to visit and use Leo Threads.

Hive Curation

Something I've noticed over the last few weeks is a couple of trends with Hive curation. I'm not sure if it's a cause for concern, or just a case of learning how to optimally "game the system".

Manual vs Automated Upvotes

The first is that real people upvoting manually tend to upvote larger percentages, while people using automated curation use lower percentages in order to avoid running their vote power out.

The second is that there are a lot of accounts using automated curation that are basically dead, often going defunct at the point where the "great split" happened. I can understand them just ticking over using whatever automated rules were made at that point, but I'm kind of surprised that the owners just abandoned them with the HIVE still sitting there. I also wonder how I'm getting picked up by them, when I wasn't around back then - I assume they are somehow steered by communities and follow a community curation trail of some kind.

We Need to Educate Ourselves

But the thing I think we most need to focus on is the number of Hivers (especially the newer ones) who just don't do much curation at all.

I mean, I struggle to get my vote power over 70%, there are so many deserving posts I want to upvote ! It means my curation APR (using the value given by Hivestats.io) is consistently over 8%. Most people's is lower, often much lower.

What the solution is, I suspect, is just about educating everyone that not remembering to go around upvoting posts you like is just leaving money on the table.

My (rather basic) understanding of the underlying maths is that it's all about ratios rather than absolute values. Not doing manual upvotes gives a greater weight to accounts using automated curation, which means that deserving posts that don't get picked up by curation trails get overlooked and under-perform. That will often be posts by new Hivers, who will lose heart and drift away.

A Radical Idea

Although it's bound to be unpopular with the larger Hive accounts, I'd love to see a process where DHF proposals are expected to deliver proper financial business cases and held to those numbers. Hopefully that would give a saving in HBD expenditure as proposals which don't deliver a return on the investment or good functionality improvements are weeded out. Those HBD could then be re-directed towards curation rewards.

As well as aiding decentralisation (helping Hive be truly owned by the whole community), it would also be a big draw for new users who might want to be a bit more passive - earning money by reading and upvoting. After all, we need a balance of consumers as well as creators to make the whole thing work !

If you're not familiar with SaturdaySavers, it's a fabulous initiative run by @shanibeer writing as @sally-saver on the @eddie-earner account, where we all support each other in getting to our savings goals.

If you are one of my friends reading this (or just someone who tripped over one of my posts), I really recommend this as a great community that's well worth joining.

I'm normally very disorganised about saving, and the support of the wonderful people in #SaturdaySavers has been invaluable in keeping me focused. I can honestly say that without it, my HP would probably be half what it is now.

So join ! You don't have to wait until the start of the year. The best time to start saving is ten years ago. The second best time is right now !

Posted Using InLeo Alpha