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RE: The system is not broken; we are.
@fedesox67
(edited)I believe we should also adjust our upvoting habits accordingly, supporting those who want to build instead of those who just milk this space.
I powered down some amounts but never ever gone negative after almost 8 years long journey here.
People complain there are whales here but don’t realize that maybe those whales bought their influence on the platform from these people regularly dumping their stake.
As I always say, RCs are the game changer for long term price appreciation and are given with staked HIVE so, we’ll see what happens once RCs become a scarce resource.
0.00082398 BEE
I agree whole heartedly with you, and I try to avoid upvoting those who are here solely to milk Hive. I hate seeing some large voters (who I won't name) vote up accounts of women in Venezuela who promptly power down and cash out every week. All it's doing is hurting Hive prices.
No one can blame you for powering down, you've built a large stake and should be able to take some profits. There certainly are whales who have bought their way up and are trying to make a quick profit, power down and cash out. That doesn't help any of us who see Hive as a long term hold.
If those RC's become scarce it's going to a game changer, many things could be better and hopefully be fixed in the next update!
I think at some point, he did right. A while ago, I even talked with him about powering down at 8$ lol. He said he'd probably do that and take some profit. Taking profit when the market is up is really encouraged and as a big investor, this is how he'll truly benefit.
As for appreciator, well. I don't know what type of curation they run without being intentional.
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In 2017 we had many people saying that were going to be here for eternity, received massive support, became a top witness, only to cash out everything few months later.
Rewards pool is limited so a big account like that cashing out 200k or many small accounts cashing out 200 won’t change much the selling pressure.
RCs becoming scarce will be a huge incentive to hold HP for sure.
You're right. I try to do this as well. Although there are different unique set of people that are different. These guys powered down and came back later to actually buy a bigger position when the dip happened. I still see them here, they're building and all that. Nevertheless, I mostly support those who truly want this place to thrive and that's why I'm mostly hesitant when there are people who are on chronic power down.
Personally Hive is a game changer in many ways. It's just that many people aren't truly appreciative of what we have.
Exactly, these people buy their position, and they totally deserve the influence they have and no one should be questioning the influence they wield.
I have a chronic condition that affects me in many ways. Should I continue to thrive in better health, I want to increase my position as well.
I think the next HARD FORK promises to roll out new updates soon, needles to say, it'll be really good to see the RC economy come into play on Hive.
It is not easy to detect those who are here for the short term, someone might seem to be a long term holder but due to rewards being linear one could accumulate 100k HP and power it all down the same as it was 1k HP.
Selling pressure is not a problem imho, it is rather the fact that the main incentive (resource credits) is not yet scarce enough due to the current abundance of bandwidth we have.
That will change though as the network grows and dapps onboard more users.
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