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Everyday Bonuses

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@tarazkp
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April is the start of quarter two and that means, "new bonus time" of the year. The company I work for has moved from a yearly to a quarterly bonus system, which I think will see better results overall, as the feedback is never that far away. For many and likely for me included, this means that it is easier to keep the goals in mind and be reminded of when falling short or exceeding expectations.

The goals themselves work on a percentage scale, with a low, mid and high result, where a percentage is paid out depending on performance. This year, my department doesn't have personal goals, it is all intertwined with the performance of everyone else involved, but they are all reasonably achievable and this quarter, we managed to hit all of them. The bonuses aren't huge, but I think that they are significant enough that people do aim for them. My team also take a bit of pride in a couple of the KPIs, including the one on our delivery feedback - which is quite exceptional.

The benefits of the quarterly bonus centers around consistency, by keeping the incentive closer to mind and when reached, to body - which works out for both employee and employer, as there is more likelihood in reaching the targets for reward and reaching the targets means that the organization has benefited heavily. I think the company in general has been pretty generous as far as companies go in remuneration, which is largely due to this being Finland and there being a high demand for knowledge workers in these areas - where pretty much everyone has employment mobility.

Mobility is very important, as it means having options. As far as "money" goes, crypto is the ultimate in financial mobility as while gold does have a track record as a store of value, it isn't very mobile or convenient to carry or trade. But it is more than that too, as due to the structure of the blockchains being borderless, it means being able to earn a standard payment from anywhere on earth. This is also one of the reasons that it would be such a boon for Hive to have a stable coin, where people could work and get paid in a currency that is predictable, but is not tied to any location.

I think that economic mobility is one of the biggest threats to nationalism as we know it, as while people will be increasingly forced into the digital gig economy by automation, they will simultaneously increase their potential to move. This puts all kinds of "loyalties" to the test and the companies that want to keep valuable employees engaged and the countries who want to keep valuable wealth local, are going to have to actually start looking after their people. When skill and wealth have the potential to be applied and generated anywhere, where one matters less and less.

However, both skill and value are tools, which means how they are used matters. To improve conditions, skills need to be applied in improvement activities and to get this done, they need to be incentivized to do so, they need to be rewarded. In this regard, wealth is a part of the "be the change" movement, where not only can activity add to that change process, the wealth generated can empower complementary activities that support it further.

What this means is that once we are able to generate our own wealth, own it, the gateways and have the control to apply it as we see fit - we have increasing capabilities to affect our world, without having to trust an authority to do it for us as a proxy - at least not in the way it is done now. Once we have true ownership of our wealth, those who want access to it need to apply for it, not take it with an IOU promise that they will deliver something.

I think that in the future, DeFi is going to do far more than what the banks do now, as it will become support resources for people around the world to provide value to where it is needed and, get value back, distributed across the globe. This fundamentally shifts the flow of money around the world and will increasingly become more inclusive, as the various usecases and values they generate expand. Not only this, it will do it both more efficiently in process and calculation, and less efficiently as people will be making the decisions, rather than a centralized authority. This creates both more wealth, and more opportunity for participation to build within a niche.

I was talking to a colleague today who has recently got into crypto and rather than just buy Bitcoin, he has got into a few others too. While I mention Hive, I do not tell anyone to buy this or that - it has to be up to them to explore. However, what he is getting interested why not just buy Bitcoin and hold for the moon. My reply is that there is more at stake than just making some money to buy into a better fiat life and in order to actually see the potential of crypto, there has to be many businesses built into the scene, just like there are many companies that make up the economy.

Crypto is more than a currency, it is attached to usecase blockchains and each can effectively be considered a type of business model. Not all or perhaps not many will survive this initial run, but in time they will become the standard and businesses of all kinds will be built that both bring a niche experience to market, while also being supported and protected by a diverse user and investor base, that spans the world.

There is a very long game in play here, but what is useful for crypto is that there are many, many short games that build toward the future. This is kind of like the quarterly bonus system rather than the yearly - it is made of many small activities that get rewarded often, rather than a lot of work hoping for a big payoff at the end. Each activity toward improvement has value and daily, more people are joining into the fray - adding their activity in the hope for something that they might not even realize they need or want yet. For most, they are happy acting short, looking for a payday, not seeing that what they are doing is part of changing the entire economy as they know it.

Value is not made at the end, it is in the daily journey. Everyday bonuses.

Taraz [ Gen1: Hive ]

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