Quarter 2 report 2022

The big picture of LUV

The goal and roadmap of LUVshares remains unchanged: to spread love around the Hive blockchain.

Things have been going fine for LUV.

Since the last quarter's report, approximately 30,000 LUV tokens have been given out. Almost all were given out Hive-user-to-Hive-user by calling the !LUV command. That's around 333 every day, person-to-person, each time saying, "Here, have some LUV."

Prior reports:
2022 Q1 report - https://hive.blog/luv/@luvshares/quarter-1-report-2022
2021 Q4 report - https://peakd.com/hive/@luvshares/quarter-4-report-2021
2021 Q3 report - https://peakd.com/luv/@luvshares/quarter-3-report-2021
2021 Q2 summer report - https://peakd.com/luv/@luvshares/summer-report-2021
See the D.buzz buzz that first hinted at LUV or read LUVshares' first post that started it all.

Numbers

Graph 1 - LUV shared.

_{LUV shared via the LUVbot.}

Graph 2 - Circulating supply.

_{The circulating supply of LUV. This is the amount of LUV minted. Most tokens are in Hive wallets, except for those in the @LUVshares account which are waiting to be emitted by the LUVbot.}

Notes from quarter 2:

LUV reporting weekly - At the start of quarter 4, @achimmertens added LUV to his weekly token reports. Reports come out each Friday and have awesome stats and graphs for the week. Please consider supporting him with upvotes, follows, and sending LUV. This would help say, "Thank you for doing this," and to help make it worth his while. An example can be seen at https://peakd.com/hive-159259/@achimmertens/weekly-statistics-for-the-dollarluv-token-rdzotd

LUVHBIT community - I started the LUVHBIT community (aka, @hive-159259) for the posting of achimmertens' reports. However, I feel it's a space that has much room to grow for us all. Please consider subscribing to the community and/or posting to it. I look for things to manually curate with the @LUVshares account and this is one of the main places I look.

Inspectors - Abuse has been an issue to a degree with LUV as with other Hive tip tokens. Along with some other token creators and volunteers, we've tried to whittle it down and I think we have.

If you see something that looks like abuse, please drop a note. There is an "inspectors" channel in the LUV Discord and you can use that, but we're trying to migrate over the "Token Inspectors" Discord server at https://discord.gg/GEBPvrJfQT. There are several tokens there with the idea of combining efforts to stop abuse. Ideally, that's the best place to report possible abuse. We try to keep things on the downlow and quiet...that is, to deal with the issue but not give anyone a bad name.

Drop in emissions - The graphs above show a drop in emissions during this quarter. We're accustomed to thinking, "That's bad," because we're used to looking at price charts. But, I think the drop is a good thing. The drop is the result of cutting back on abuse and farming. Thanks to "inspectors", bad actors were blocked. They had been farming many tokens daily, call them "ghost tokens," and those tokens were weeded out. Also, LUV and HBIT went to a 3-or-fewer "!" commands rule (see below). With ghost tokens removed and the 3-rule in place, emissions returned to a more natural level.

The inspection changes and slower emissions have multiple benefits, in my view.

1. Keeps the supply down, which is always good to fight inflation.
2. Supports the good actors' token values because, when the bad actors are called out, they typically unload/sell large quantities and decrease token value. This only hurts the good guys. Squelching this helps the good guys.
3. Supports the ideal of LUV actually meaning something intrinsic and totally separate from a market value. This is why real, from-the-heart comments are always encouraged alongside a LUV command.

3-or-fewer rule - This rule for "!" commands was announced as 1 only, then in the comments received some strong emotions, push-back, and healthy debate. I appreciated that, then changed the plan to 3. So far, I think it has been a healthy compromise and is a good thing for LUV and for Hive.

Transparency - This has been a goal since day one. This is part of the reason for these "quarter reports" and why the luv-log channel in the LUV Discord shows everything in real time. It's also why I recently made a behind-the-scenes video.

LUVstore - Yes, you can buy things with LUV (as well as with other Hive-Engine tokens). Currently, it's only NFTs for sale, but maybe in the future...who knows? Take a look and, why not, buy something with LUV?

At this point, new LUV is only released into the market by Hive users sharing LUV via the LUVbot. This is what was described as the "Proof-of-Love" "mining" algorithm. This is different in that your efforts don't reward you, but your efforts rewards others.

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Looking forward

Want to be on the cutting edge of LUV? I'm testing and fooling around with Matrix chat (often referred to as "Element", a matrix client). Matrix is basically decentralized Discord. I like Discord...it's a great tool...but I like decentralized and like trying new things. Join me at https://matrix.to/#/#luvhbit:matrix.org and we'll test and learn together.

Looking to the future, the number one goal is to maintain the ability for Hive users to share LUV via the LUVbot.

See the official LUV roadmap below.

Summary and final thoughts

LUV is doing fine. We're ironing out the kinks, dealing with what needs to be dealt with, but mostly staying focused on the goal...afford Hive users the ability to share love on chain.

Feel free to reach out to me @crrdlx if you have questions or comments.

written by @crrdlx

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• Check your wallet or trade LUV at: Hive-Engine or TribalDEX or LeoDEX.
• Visit the LUVstore: LUVstore
• LUVshares Discord: https://discord.gg/K5GvNhcPqR
• LUVshares Telegram: https://t.me/luvshares
• LUVshares creator: @crrdlx

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