ARCHON PROPOSAL: Convert all @archon-gov HBD into HIVE and power up in 3.5 days.
The HBD is staying under 1 dollar, which means its is probably going to be better to take the risk that in 3.5 days it will also be under 1 dollar. I have talked to a lot of people about why this may be, and they are all mostly sure its because of the DHF, which is giving out mad amounts of HBD.
Are we getting our money's worth? It surprised me that most people who I talked to think that we are NOT getting our money's worth from all of the HIVE proposal recipients. But that is not a topic for this post, I would really have to look into each one before I could make an opinion on the matter.
I just happened to be examining our beloved @archon-gov's wallet, and noticed quite the accumulation of HBDs. Now is the time to convert and power up so we have formed the following proposal:
Proposal - CONVERT HBD to $1 worth of HIVE and POWER UP all liquid hive on @archon-gov.
There is also some liquid HIVE coming in, and we should just power it all up, and keep growing the incentive to deliver 5% beneficiary rewards to @archon-gov on your posts.
Where is all the HBD coming from?
This HBD comes from post rewards, ARCHON member post rewards that give @archon-gov a 5% or more beneficiary. Petitions and proposals also must be 100% beneficiary to @archon-gov, so these also help grow the tribe governance account.
The more we ARCHON members use the 5% beneficiary reward on our posts, the more we grow the tribe governance account, and the more we are rewarded by its vote every time that we do so! This is a virtuous cycle by design.
Good news for our tribe, WEEDCASH has now installed our petitions and proposal system, and it appears the SPORTS tribe is eager to get on board as well. As more usecases for staking ARCHON and holding ARCHONM come about, we should see an increased demand for the tokens, and an increased value in our supportive layer-ware tribe.
