HPUD - Hive Power Up Day May 2026
It's the first day of the month, and that makes it Hive Power Up Day !
Also, Happy May Day, everyone ! 😁
Image created by AI in NightCafe Studio
I've done my bit this month, powering up 1000 of my liquid HIVE. I normally post a screenshot at this point, but something somewhere in Hive is playing up and neither PeakD or Ecency seem to be allowing me to upload new images.
My Thoughts on Hive For The Start of May
Well first off, I'm noticing an increasing loss of reliability among the front ends. My guess is that nodes are being switched off by people who just look at them as a way of making money, meaning that those left are having to work harder.
The low price of Hive is most definitely creating a period of introspection, and I believe that is a hugely beneficial thing in the long run. We are finally starting to have conversations around governance and the way the DHF funds projects. If we all look at the proposals that are presented, and ask probing questions about the business case and value for money, that can only be a good thing.
Additionally, I notice the interest rate on HBD has dropped to 12%. It's a drop from the 20% it was at for so long, but still about three times what you can get here in the UK from even the best-performing traditional bank savings account.
The report from @arcange earlier highlighted a drop in HBD held in savings. That is a natural effect of the interest rate change.
But I actually think it's a good thing, even if I will miss the earned interest ! By doing this, it shows we want to get a handle on Hive's excessive inflation, which is one of the key drivers pushing the price down. But it also has a hidden benefit; it encourages people to actually use their HBD. Having a stable(ish) coin we can use for transactions with no transaction fees could be just the thing to gain wider adoption.
It's a bit of a hobby horse of mine to see HBD used for e-commerce payments, even if it's only the "middle man" used to keep fees down for people who want to pay in BTC. I haven't got the knowledge to code it myself, or the time to learn how, but I'd love to see it happen !
Congratulations on your progress in Hive and I'm glad to see that you continue to support this great ecosystem, despite everything you mention about its current situation. The HIVE price, DHF, and the drop in HBD's APR on stake have discouraged many people, but it's not all bad news, and it's far from the "end of the world"—at least not for me. 😅
Thank you ! I reckon Hive is an amazing place, and I've kind of let go of concerns about the price. As long as it's high enough to keep the witness nodes viable so the place keeps working, then we can keep developing Hive as an ecosystem full of awesome apps and Dapps. The main thing is to keep promoting it so we can get new users to replace those who leave. I still reckon the answer is apps and games that appeal to non-Hivers out in the real world, and then lure a few of them across to the social side once they see the benefits 😀
That's right, Hive is still a very viable option today, even with the current HIVE price. And yes, more promotion is needed to attract more users. You just need to know how to promote everything that Hive has to offer as an ecosystem.
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Congratulations @alonicus! You received a personal badge!
See you at the next Power Up day to see if you will repeat this feat.
May the Hive Power be with you!
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