Hi fellow Lions,

Today I wanted to ponder about pumps and how it relates to resource credit consumption.

Pumping Resource Costs

With writing this post today, the 17th of January, we had a good pump in the Hive price! It was unsurprisingly from the famous Koreans and their love to snap up Hive and do some crazy pump and dump things with it. I appreciate the financial aspects of that but I wanted to also explore something else I noticed that just happened to coincide this time: resource credit consumption changes!

I've been keeping an eye on resource credit consumption as many with a few thousand Hive Power have, since you can "consume" your credits and turn them into Hive account creation tokens for you to use in creating accounts for "free" instead of the normal cost of 3 or 5 Hive, I forget which it is now. I was at my usual timeframe of claiming account creation tokens which is about 80% or more on the resource credits counter that's visible on my account as well as other accounts via front ends like PeakD which makes it helpful to keep track of it.

I don't like to ever let my account get to 100% resource credit since I feel like that means I'm letting something sit idle that could be utilized for something as important as creating account tokens for anyone who wants to use one! I hope that one day we can sell or donate them to another user or account so I can donate or sell a bunch of them to the account creation teams like Appreciator and others, to keep the account creation process rolling steadily along.

With the claiming of account creation tokens though, that means I'm taking a close look at how many I am getting on average every time I claim them. These days I'm usually able to get 2 or 3 per time that I go to claim them which is nice! Sometimes there is an odd day of apparently very low transactional volume and I can get 4 which is not very common at my Hive Power levels, which is a little funny to think of. With the recent pump by the Koreans though, it appears that volume is off the charts from a resource consumption perspective! I think that's quite interesting because it kind of goes with the bandwagoner mentality where people will leave and not be around when times are tough and prices are low but as soon as there are green candles everywhere, they flood back to places like Hive to try and feed at the trough looking to make some gains.

It should annoy me but I think I'd like to take a different road and be flattered that people will try to come over to Hive when they see the green in the markets. If it weren't so common and predictable, it would be a lot more flattering lol. I've been through a couple bull runs now at this point which is good because you get a sense of how things can come and go and it's a bit of a grounding experience to have. It would be nice to have these numbers of people hitting the blockchain and transacting to stay consistent and keep growing, to see what this place can look like with triple or quadruple the active users that we have now. At the same time, it's crazy to think that tripling the daily or monthly active users still only brings us to about 40k or so, which is a drop in the bucket when compared to the larger realm of the internet.

I think this goes back to the notion that Task put forth a number of months ago that I found incredibly powerful to think of. For Hive, do we want to be like Monaco where we have a consolidated number of people who are fairly wealthy in terms of assets, or do we want to be like China where we are supporting billions of people but are financially strapped for funds? I don't know if I would like to have a China model for the value it depletes constantly, far and above what we get for leeches depleting the blockchain that we've got now, but at the same time do I want to have a small number of 50k or so users and be hanging out in our little bubble here? It's a hard battle to have! Lol. I think it would be cool to be like the United States where we are a pretty strong fiscal powerhouse that has a lot of people who are average and above, which is a decent medium between billions of China and a very small number such as Monaco.

To the resource credit discussion though: it's good to see the consumption going up quite a bit in times like this!

^-CmplXty.
_{Real human written content, never AI.}

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