Another use case for HBIT

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(Edited)



A user recently contacted me asking about the LUV token and noted that he had only one. I gave him nine of my own so that he then had 10 and could freely give one per day to someone else. This morning, he contacted me again saying he only had one LUV. Umm...blockchains are open and transparent, I gave you nine a few days ago, and you actually now have 12.

After giving the nine LUV, I let him know his status of having 10, etc. Still, I got the message this morning of "Only 1 luv." Seems clear that either this person is using my generosity disingenuously or he really doesn't understand how to check his wallet. I think this person is a somewhat new Hiver, so I don't want to beat him up over this. Time for some education on Hive, and on not trying to use others, and on not begging, and in the fact that you'll always get much farther by your own work and effort as opposed to lazy shenanigans.



And, it was time for some self-education. Note-to-self: everyone on the internet is not 100% honest. Or, maybe they're just pretty clueless. PEBCAK errors are very real.

What really stuck out to me is that, along with his 12 LUV, he also had 6.3 Hivebits (HBIT). The only way HBIT exists "in the wild" is because someone has mined it. This meant that for several days he's been mining Hivebits. Or, he's savvy enough to buy HBIT on the Hive-Engine market from someone who has mined it. Or, he somehow had it given to him from someone who has mined it.

A quick check on an H-E explorer shows, yep, he's mined HBIT seven times. Given the 90% ratio awarded to miners, that would equate to exactly 6.3 HBIT. Hmm, math works! I'm thinking this user does not fall under the technologically clueless category.

Anyway, it suddenly occurred to my squirrel brain that, right here, there's another use case for HBIT. Hivebits can be mined daily (one-per-day). Like any other token on Hive-Engine, it can be bought or sold easily. If that user really wants more LUV, he could mine-then-sell his HBIT, then buy LUV. Easy.

What's more, HBIT is currently trading at a higher price than LUV. If a Hive user really wanted to commit to it over a year, 365 HBIT mined-then-sold-then-flipped-to-LUV might actually get that user close to "LUV Legend" level*. ( *LUV Legend level is currently set at 500 LUV, but it will likely soon increase.)

I drew the animation below when HBIT began on 1/1 to illustrate how a Hiver might go from mining Hivebits to acquiring Bitcoin.



It is possible to do what the gif shows, but more practically, moving from mining HBIT to acquiring another Hive-Engine token would be much easier. And there it is, a very practical use case for HBIT: Hivebits can be easily mined in order to acquire other tokens.

HBIT also teaches lessons...like, don't beg and misuse others' generosity.

How to mine HBIT? See https://peakd.com/hive/@hivebits/about





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hive hivebits hbit leofinance hive-engine luv luvshares cryptocurrency crypto
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109 comments
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There are plenty of people who will try to get something for nothing, but we sort of get that with some tokens anyway. There are definite opportunities if you play the markets.

!BEER

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!hivebits are nice

Psst. Does !luv mine in lowercase too? Or pizza for that matter. I know hivebits do, at least I think so. Yesterday I did lowercase and they didnt send a reply - out of juice perhaps?

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(Edited)

!LUV is uppercase. I debated upper or lower for hivebits then decided lower because it's easier on a phone, I think.

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!hivebits

I see

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If I need to type something in uppercase, I just press the Shift key twice on my phone's keyboard to start typing continuously in uppercase (and just press the Shift key again once to return to normal case). 😏

!GIF keyboard

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Yep. That's how it works.

!LUV

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Very Educative and I never knew about hivebits

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Maybe he meant he can only gibe away one LUV...

I think it is better to assume he is just new and maybe has not the english skills to understand.

Speaking of ill intentions , have you thought about a way to detect multiple account usage? HBit is getting to the levels where it might be worth to commit some fraud.

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This is something that causes my sleep to diminish by minutes. Right now, it relies solely on eyes watching. If anyone sees any bad actions, please let me know. There is a block list that can put to use. !LUV

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@crrdlx(2/5) gave you LUV. H-E tools | connect | <><

Given the current emission rate of LUV pushing 500/day, increases to required LUV levels will likely be forthcoming.

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Just finished reading that Hivebits about. I am now in the process of revisiting dapps and tokens on Hive. And as I have been analyzing how these tipping token works, I reviewed the article posted by @savvyplayer. Only then that I saw this HBIT tipping token. I want to add it as my fourth tipping token.

Seems clear that either this person is using my generosity disingenuously or he really doesn't understand how to check his wallet. I think this person is a somewhat new Hiver, so I don't want to beat him up over this.

You displayed commendable patience and understanding there.

LUV Legend level is currently set at 500 LUV, but it will likely soon increase.

Appears easy to be a legend in LUV. Unlike in Splinterlands, very difficult to obtain legendary cards.

!gif lol

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Thanks for reading and promoting my post about the list of Hive Engine tip tokens.

Have a !PIZZA.

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No, thanks for the list. It now serves as a guide to a forgetful man.

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Thanks for the appreciation. Have another !PIZZA.

Anyway, it looks like @crrdlx is planning to change the amount of LUV required for each LUV level which determines the maximum times !LUV that can be tipped per day by each LUV holder.

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@savvyplayer(1/10) gave you LUV. H-E tools | connect | <><

Given the current emission rate of LUV pushing 500/day, increases to required LUV levels will likely be forthcoming.

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Will wait for that change.

I lost track how many !PIZZA did I send already. I hope this one works. 😂

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Distraction got you twice - one by losing track of how many !PIZZAs you have already sent, and the other by mistakenly replying to the !LUV bot. 😂 !CTP

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I failed to take note of it. 😄

!LOLZ

!CTP

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Perhaps it is distraction yet again that made you publish the same comment just 4 minutes later. 🤔😅 !CTP

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Not really. I received a notification that my first comment was not published and that's why I did it for the second time.

!LOLZ

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Looks like your !love for those Hive tribes made you unable to conserve your Hive Voting Mana. 🤔 Right now, your VM is less than 32%. 😅 !LOLZ !CTP

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I am no longer surprised. 😆

!LOLZ

!CTP

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In that case, if the Vote Multiplier can be changed for #SoMee, #Splintertalk, and #Cent can be changed, then I should not see your Voting Mana less than 80% again or I would know that it's either forgetfulness or distraction that made you vote too much too often again. 😆

!LOLZ

!CTP

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No, this time it's intentional. I am tired of waiting to see my voting mana recover above 80%. 😂

!LOLZ

!PIZZA

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There is a quick way to see your Voting Mana recover to 80%. 🤓 Since you have about 47% VM and about 1,064 Hive Power (including HP delegated to you) right now, just Power Up 748 HIVE (or get delegated the same amount) to see your VM at 80% or higher instantly. 😆

!LOLZ

!PIZZA

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You're funny. 🤣 You call it a "quick way," but for me, it will take I think a year to have that 748 HIVE. 😆

!PIZZA

!CTP

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I didn't say it will be cheap. 🤨 I just said it will be very quick! 😆😅

!PIZZA

!CTP

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Quick is correlated to price. 😆

!LOLZ

!CTP

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Just think of the "quick and expensive" way to increase your Voting Mana as an investment of Hive Power. 😏 #NotFinancialAdvice 😅

!LOLZ

!CTP

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Thinking is one thing. To have buying power is another. 😆

!LOLZ

!hivebits

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You can think of it as "investing", not "buying". 😆😅

!LOLZ

!PIZZA

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Yes, you're right that one can buy without investing. But I don't think it's possible to invest without buying. 😆😂

!PGM

!CTP

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Don't forget that you can also invest your time and effort without spending money. 🤓 Although you would argue that time and effort are also worth money! 😆😅 !LUV !CTP

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The time they say is more valuable than money.

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It depends on the situation where time is worth more than money. 🧘‍♂️ For example, if a person is in a hurry for a very important meeting, he or she would be willing to spend more money just to arrive to that meeting. 🤓 On the other hand, students who just went home after school and finished doing homework would usually find themselves having a lot of free time, so they might try to find sources of income even though the earnings are (very) low. 😏 !PIZZA !CTP

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I am aware of that comparison. Following that logic, many people in our country are just wasting their "money" by spending almost their whole day playing basketball or chatting with neighbors. At least, as far as literature is concerned, I never stumbled yet upon the idea that money is more valuable than time.

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Playing basketball is good (because it is exercise and helps build friendships) and talking with neighbors is also good (so that you can learn about the opinions of others and may also help win friends), but too much of anything (even good things) is bad. 🧘‍♂️🤓 !PIZZA !CTP

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Yes, that's the problem - "too much of anything". 🤦😂

!CTP

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The more important question is how to determine if something (good) is already too much. 😂 !PIZZA !CTP

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A sure sign of excess is when all you do is basketball and chat with neighbors and yet the family is struggling to provide food on the table. 😆

!LOLZ

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That's unless you are a professional basketball player earning money from most basketball matches. 😏 !CTP

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Is there also a profession for those who !love to chat with their neighbors? 🤣

!LOLZ

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Maybe you can call them "neighborhood experts"! 🤣 !LOLZ !CTP

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Many here in our country will enroll in that course. 😆

!PIZZA

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Maybe you mean already enrolled in that course. 😆

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Many are enrolled, but that's non-formal or informal. I mean the formal and professional ones. 😆

!LOLZ

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I wonder what the name of that course is in colleges and universities. 🤔😆

!LOLZ !CTP

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We can just add a Certificate, a BA, BS, or MA in Neighborhood Chatting. That sounds good! BSNC! 🤣

I am just wondering about the curriculum for that program. 😅

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The original author of this comment section might not want us chatting in here about a planning a degree program about neighborhood chatting. 🤣 !PIZZA !CTP

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I failed to take note of it. 😄

!LOLZ

!CTP

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It seems more accurate that you forgot to take note of it. 😆

!LOLZ

!CTP

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Or got distracted to take note of it. 😆

!LOLZ

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That's also possible, but what I see is that forgetfulness and distraction are collaborating with each other to affect you. 😆 !CTP

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And an empty mind is now added. 😆

!hivebits

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I hope that emptiness won't be something that is added to the list! 🤗😆 !LUV !CTP

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They are siblings. 😆

!CTP

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That made me recall your comment about the liar and the thief. 😆😅 !CTP

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Two different families. At least, there is more hope for the Mind Problem family (Forgetfulness, Distraction, and Emptiness). 🤣

!LOLZ

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I wonder what hope there is for the "Mind Problem" family. 🤔 If you can't answer, one of them might have already affected you! 🤣

!LUV !CTP

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I think a little relaxation will do. Or better yet, perhaps sometime in the future once they retire and stop worrying about their basic necessities and do nothing but Hive. 🤣

!CTP

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I didn't understand what you meant with "once they retire and stop worrying about their basic necessities and do nothing but Hive". 🤯😅

!LOLZ !CTP

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Oh, you have another member there! Anxiety! I think in the first place, that's the reason why the Mind Problem family got their sickness after all. 🤣

!LOLZ

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I wonder who the parents and who the children are in your "Mind Problem family". 🤔 If they are all siblings, then forgetfulness is the oldest, distraction is the second, and emptiness is (currently) the youngest. 🤣

Anyway, you might be distracted from the fact that we are talking under another person's post. 😅

!LUV !CTP

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It appears that the family has adopted two new members: anxiety and confusion. 😂

!PIZZA

!CTP

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I wonder which member of your Mind Problem family is response for you talking a lot under another Hive user's post. 😂 !CTP

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(Edited)

PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
penyaircyber tipped crrdlx (x1)
rzc24-nftbbg tipped luvshares (x1)
savvyplayer tipped rzc24-nftbbg (x2)
lolzbot tipped rzc24-nftbbg (x1)
@savvytester(4/5) tipped @rzc24-nftbbg (x8)
rzc24-nftbbg tipped savvytester (x3)

Please vote for pizza.witness!

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Very insightful post, keep it up!
!hivebits

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Still, I got the message this morning of "Only 1 luv." LOLOLOL! It is just so hard to be nice and spread some luv in the community. 😏🤭
🥦 !LOL !BBH 🥦

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lolztoken.com

Seagulls were God's third attempt at creating birds.
The A-gull and B-gull weren't quite right.
Credit: reddit
@crrdlx, I sent you an $LOLZ on behalf of @mizuosemla
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/6)

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Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

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Thank you

!LUV
Send you !PIZZA
and mine !hivebits

:)

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Hivebits blends Hive's blockchain and Bitcoin's ethos. Your effort = your reward. Mine HBIT simply with ! hivebits (no space), 1-per-day. Success! You just mined .9 HBIT and the user you replied to received .1 HBIT on your behalf. You can receive 100% of the HBIT by replying to one of your own posts or comments. Or, support Hivebits at official HBIT mine | your wallet | market | tools | connect | <><

Confirmation replies are currently on, but they'll go off when Resource Credits (RCs) get low. Your hivebits command will still go through and you'll get your HBIT.

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