Are the Benefits Of Now Holding Liquid Hive Greater Than The Benefits Of Powering Up?

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Back in the olden days in the blockchain that I daren't mention the culture was to power up as much as you can. Power Up Power Up and Power Up. Power Up is good. Power down is evilllll.
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If you wanted a stick to beat someone with you would go back through their wallet and any sign of a powerdown into deepcrypto8 was as bad as an Edward Snowden leak to the C.I.A. The more you powered up , the more Steem (I said it) or Hive you have to vote with. The bible also said you should never self vote which I still do not do to this day by punishment of being outcast and downvoted by some group of merrymen on horses. But I never clap myself after singing so I do agree with self voting rules. When my son was born I took a year out from Hive but when I came back and the culture had changed completely. With second layer platforms such as Leo and Splinterlands, it was OK to buy their tokens. Now there are bridges providing liquidity to blockchains such as Ethereum and BSC. We have become an open economy and linking up with the outside world is a good thing and if someone wants to transfer their Hive to Binance then it may be for more than just taking your money out of the network such as using it for a liquidity pool for Hive. It's just a normal thing to do now.

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It reminds me of Ireland back in the 80's. We were a closed economy under the stranglehold of the Catholic Church who despised change. Imports were not a thing. A packet of condoms were so rare the owners of such products used to wash them and hang them on the clothesline. 3 rides last week for Mr Ryan I used to say when I looked the upstairs window. Lucky Bollocks. When we joined the EU this all changed. The Catholic Church were told to feck off and Ireland became one of the wealthiest countries in the world in the 90s. I won't tell you what happened next.
But the same is happening over at Hive. New markets are emerging and tokens are free flowing and the platform is getting much much bigger and better as a result. I can't wait for my pending rewards to come through because I have a number of projects I want to invest in. Now this is great but it is not so good for powering up. Granted 50% of my earnings will power up automatically from post rewards but some of the liquid Hive I might want to invest in Splinterlands, dCity, BeeSwap, SEED, CubFinance, Leo. The list goes on. So my liquid Hive gets spent instantly. So my mindset has changed now. Leave my power up look after itself from the 50% and curation. It will build gradually but it's not going to be the be all and end all of my time with Hive. Hopefully the projects I invest in will bring me more Hive Power at the end of the day anyway. I remember when I spent so much time and energy powering up that I was in a cashflow situations and missed a few opportunity. The bold boys that were clever enough to power down had the liquid Hive to take advantage of the opportunity. Their reputation on the platform still means they were getting good rewards. It's just their upvote was not so much anymore.
So Hive Power gives you the opportunity to upvote someone else a decent amount and it is very nice making someone's day giving me €5 of an upvote. In theory these big accounts will get a higher upvote themselves because of the size of their votes, followers flock in so that's an advantage. But is it more advantageous to have liquid Hive to grasp the opportunities that are arriving now on Hive? Maybe or maybe not. I'm not sure. All I know is that my mindset has changed and I will steadily build. My post rewards are high so 50% even now is much more than I have ever wished to be powering up each month so I'm happy to keep investing, powering up my 50% post earnings and see where this crazy journey takes me.

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7 comments
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I agree things have changed and there is so much more to do with your Hive. I am in the 50/50 right now using the liquid to add to certain things and will stop once targets are reached as Hive is still my main focus.

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Think most are only going to go one way buddy. We will all win.

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Completely agree with your comparison between NOW and BEFORE as it was like you said... Whoever was powering down was pure evil and stoned... lol... Everyone was looking in others' wallets and not in their own...

Regarding the current situation, we have so many other use cases for HIVE that we didn't have before that can be "comparable" with powering up as you are "locking" up your HIVE in Defi, for example... I remember that 2-3 years ago I was all in HivePower, but today, like you, doing occasionally power up...


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Exactly @ph1102 everyone has their reasons for powering down and up so it's good that there is less of a spotlight on this now

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Yeah, it's so much better here now. Loads more projects and layer 2 tokens all add to the mix.

I think you're right to keep the 50%'s rolling in as HP and keep the rest for other projects.

I used to automatically convert HBD into Hive as and when (and typically power up) but with the current price differential (I'm well used to Hive being under $1!!!) this is causing pause for thought...

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Yeah I did a post recently around that and the general consensus amongst the people in the know were to hedge HBD in HBD savings earning 10%

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