Posts

Numbers never go away

avatar of @luvshares
25
@luvshares
·
0 views
·
3 min read

LUVshares is determinedly focused on sharing love on Hive. But, there are pesky those numbers that you just can't get around. And that nerds love.

I've (@crrdlx) written on LUV numbers before, mostly supply and emissions. And, with LUV existing as a token and being traded on free-and-open markets, there are those types of numbers as well. Personally, I'm finding this aspect of LUV to be a very interesting and educative curiosity in economics.

Supply and emissions

The LUV supply currently stands at 18,000. I'm determined to keep the circulating supply as low as possible, while keeping the @LUVshares account supplied. (See prior post about balance or especially the one about the mission.) The LUVshares account fuels the LUVbot, which is fueled by you the users who "mine" LUV via "Proof-of-LUV". That is to say, whenever the !LUV command is used, 1 LUV gets "mined" and released into the wild. More importantly, the recipient gets some love!

Things are slowly growing, which is exactly as hoped. The graph below shows things as of today:

  • Blue: LUV sent into the wild each day via Hive users using the LUVbot
  • Red: daily average
  • Yellow: 7-day average (the average of the prior 7 days)

Quick notes:

  1. From the blue line, the overall trend is clearly increasing. The dip in the middle around 4/26 was due to upping the minimum required to use the bot from 5 to 10. The goal was to slow emissions, and as you can see, it did for a short period.
  2. From the red line, it's fairly straight which is something I'd hoped for. Predictability in this type of thing matters because it builds confidence.
  3. From the yellow line, the 7-day average is clearly higher than the red (overall) average. This tells me that, if trends continue, (a) LUV is growing, and (b) since the red trails the yellow, the red line should begin to bend upward slightly.

A takeaway: the supply of LUV being emitted is slowly increasing. But, that's fine because this is due to the fact that LUV is growing and people are using it more. I see this is a a good thing. Sharing the love is, in fact, the mission.

Candles and depth

The other curiosity to me is the market of LUV at https://tribaldex.com/trade/LUV. Watching it mature from literally day 1 has taught me things I that couldn't learn in textbooks.

Below is the LUV price action over the past 2 months. It's largely flat; at least there haven't been any wild ups and downs. Volume is similarly ho-hum. This is something running on its own...the mechanics of a market doing its thing. Price will do what the free market will have price do.

Personally, I'm more interested and encouraged by the depth chart view, below:

If I read this correctly, you LUVers are a bunch of hodlers!

I will say this, depth charts like this can be deceptive. They can change at any instant and the view can vary widely with wild buy or sell orders. So, handle with care. :)

And regarding learning economics

Just as a by-the-way and speaking of learning economics and how economies grow and evolve, one source I really admire is "FI$H: how an economy grows". It looks childish and in fact is a cartoon, but it is strong! The commentary by Dr. Antony Davies is tremendous as well. Start with episode 1. They're worth watching.

website: http://fisheconomics.org/ videos on YouTube: https://www.youtube.com/playlist?list=PLTOLo-ik5Of3tsfiFpVagcJhkMYdVDPx7 lectures on YouTube: https://www.youtube.com/playlist?list=PLTOLo-ik5Of1nAPKb3DVGEfmeaUdMar6r

Buy-with-LUV

Quick reminder, the first ever Buy-with-LUV NFT sale is coming...likely this weekend. Who will become the LUV-legend? :)


LUV should be shared. Share the LUV.