Hive Pending Rewards - TELLING A WHOLE STORY

6 mo
LeoFinance
2 Min Read
491 words

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On-chain data is always an eye opener and that's what really differentiates crypto from traditional money. This post was somewhat triggered by certain rewards complaints have seen over my stay on Hive, it's almost like never ending and something tells me, it never actually will.

Hive is really building an economy of abundance, as the space scales up in due time, we could just get to see people earning millions on a weekly or possibly daily basis. I know very little on how the rewards pool works, in terms of daily allocated funds, but if my speculations are right, the voting curve and vesting volume determines the allocated daily rewards, this means that it isn't programmed to remain stagnant, but to expand as the industry scales up. I looked into (https://hiveblocks.com) a few minutes ago and look what I found;

367,187.189

In seven days, HIVE has got more than half a million dollars to distribute, wait hold up!

Are you telling me we're just a few steps away from distributing a million a week? Meaning $52 million a year?

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When we compare this statistics; Hive: The Growth And Change In 2021 with the one above, 12k daily users means 372k monthly top, currently. That's like just 0.0162% of YouTube users checking in once a month. If we try to go down, it's definitely crazy! Do you know that if you do a little math of dividing $19.7 billion by 100, then multiply by 0.01% it's about $1,970,000? Currently Hive pays more than this in a month, and that's 0.01% of YouTube revenue( that's a year). Let's think about this, we are just 0.0162% of YouTube users, and we're paying out more than 0.01% of YouTubes yearly revenue, isn't that crazy?

That's definitely crazy because out of billions of monthly users checking in, Hive is still under the thousands mark, so imagine an economy where Hive has billions of users? That's crazy to think of. May I just throw it out there that this number of revenue excludes sub layer projects which are beginning to heat up? We ain't talking Leofinance, we ain't even adding up Splinterlands earnings, not any second layer earnings, this is the definition of an enormous economy!

I was always wondering if Hive could pay more than YouTube, and now, I definitely have my answers. You barely earn 5$ for 1000 views, so imagine 1,000 accounts with 1,000 HP, upvoting your contents with 100%, you'll earn well above that! You know these are things we never stop to check, it's as big as that. Joining Hive wasn't a mistake, the ecosystem is quite undervalued for the developments on going. And may I just point out that the revenue isn't exactly what is being paid to its users, Hive unlike YouTube, gives it back in full fold unless set otherwise, this industry is larger than what many see it as…

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The beauty of the matter is that hive keeps developing with new development witness as day goes by. Imagine what hive will become when clocking millions of users

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I can imagine billions!

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And you haven't even touched on the gaming community and such :) ...

That being said, I think the amount of rewards available for HP / HBD distribution for any set day is a fixed amount. I could be wrong though. @enginewitty would know :)

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I wonder how it works in full, but one thing is certain, and that is; It Expands as we scale up

2

I like that idea :) ... It makes the future seem even better 🙌

0

Hive gets more exciting every year. I am here for the long haul, for sure. !BBH

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2

It really gets exciting!

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Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

0

Great analogy to compare them. Decentralized system hold more value.
If I get it right Hive will flip the system one day

!BEER

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1

Flipping is actually inevitable from here

0

Hey @badbitch, here is a little bit of BEER from @pouchon for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

0

hey hey, be sure to use #deepdives going forward instead of #informationwar

Jan 2022 you will earn Delve when using the #deepdives tag :)

Also check out our latest post about curation/delegation drive :)

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Oh, that's awesome, thanks :)

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time to buy more

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0

Only question I would have here is this - would an inflation of accounts also lead to the inflation of Hive supply? If we increase the rewards we will increase the issuance as well from what I understand. Yes, most of it will be powered up but still, so many people earning so much...

Potentially there may be some problems in the long run but I'm sure there is a logical explanation for this concern.

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0

We are definitely building a very impressive economy here!

Because Hive (and the surrounding ecosystem) is decentralized, people will have so many different opportunities for gain. I'm personally here for the long run, so I see all these opportunities as ways to keep stacking in a pretty diversified manner.

It'll be very interesting to see where we are in five years from now!

=^..^=

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Hive gives way more value to content creators than any other platform based on views and like. If big content creators knew this they would want to actually own their content and post here.

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0

Interesting numbers, Hive is the future!

0