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RE: Is SBI Still Taboo Or Is It A Valuable Tool On Hive?
Actually, since I got back into Hive at the end of 2021, it was something that was actively reccomended to me!
People welcomes me back and sent me HBI, they reccomended I build up some HBI, when I onboarded my kids people actively sent THEM HBI too, and recently I even won HBI as part of a contest I got 1st place on.
Because of this, I've also returned the favor or put it forward and sponsored others.
So it costs Hive to sponsor someone and you both get 1 HBI.
1x HBI won't change your world.
As a trade off that 1 HBI could have been 1 HP. That HP would earn you both interest and increase your curation rewards.
I can't yet decide if I want to sponsor 1000 HBI or if I want 1000HP?
It's a bit too complicated for me to calculate.
I know some people who have over 2000 HBI...yet they dont post every day.
I've determined to just relax and gather a little here and there, but I do not know that it is a "taboo" anything.
The good thing about HSBI is you don't have to feel pressured to post everyday - the pending balance mechanisms adjusts exactly to deliver to you the votes that have built up over time! You can even go on vacation and come back to massive votes.
Indeed! That is advantageous. I post daily so I don't see a massive accumulation from the SBI accounts.
I think I only have 24 HBI though... I will maybe increase that to about 50 by the end of the year. We shall see!
yup. It encourages me to come back and post when I've been gone for a bit. There's nothing worse than less than 0.10 payouts.
1000 HP first for sure. It goes with the "not your keys, not your crypto" theme.
But they're still cool to collect, especially when you win them or give rhem away as welcomes.
Indeed. I don't think I will try get much HBI until getting that 1000HP mark... which I am fairly confident I will reach before the end of August! I started 1st of January on 313HP so I am super stoked about that! 🍻
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Just before we forked to Hive, it was quite the little bit of drama lol
I always thought it was a great idea, but some felt it was vote buying.
!CTP
It might seem that way, but as I said, we havent really got the math down to prove if it is an exploit or actually just a different way of spending your Hive.
As usual, it only really starts turning heads when someone DOES do something exploitive with it.
Consider this:
I have myself, my wife and my three kids on Hive. My wife and I both contribute content, a variety. We aren't bringing massive money from outside Hive, we bring content and we bring other people. We make the platform busy and worthwhile and social. We teach our kids.
As time goes by, I sponsor a little HBI here and there to my wife and kids and my own HBI stacks up. In a matter of years I might have a couple of hundred or a thousand.
I have been posting regularly on Hive for years by this point, earning crypto for my time. The SBI votes will have increased but will be insignificant compared to all the other votes I have built up by then. Look at your average votes on a post as an example.
I don't consider this exploitive behavior.
Now imagine an exploitive behavior by someone who has no altruism at heart and wishes only to profit.
They come to Hive with $1,000,000 and build 2 or more accounts with fairly chunky bits of HP. Then they buy thousands of HBI tokens, sponsoring their alt account. Now both have HBI.
Now this person starts posting with both accounts. They don't break any rules such as plagiarizing, spamming or posting in the wrong community, but what they post is garbage.
They do not engage with others and do not follow or vote for other people's stuff. Just the two(or more) alt accounts. Each will earn from votes on HBI(SBI) and their own votes. Their content is just enough to not get into trouble but adds nothing to the platform or to our little society.
THAT would be exploiting the rewards pool. they will start pulling their $1mil back and go beyond, draining Hive of value in exchange for nothing.
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Man, STEEM used to drama all kinds of dumb stuff. I remember when SPI was targeted. The thing is that since we didn't operate based off upvotes, it didn't affect the project.