A Year Of Hive - From $0.11 To $1.84 (With A Brief Top At $2.87)
Exactly one year ago, on December 27th 2020, HIVE was trading at $0.11. Now it trades at 16x that value, meaning $1.84. At some point during this journey, in November, it traded as high as $2.87. These are just average numbers recorded by Coingecko, it may be possible that in some exchanges HIVE was trading above that.
For the uneducated crypto visitor, this would seem like a no brainer. Too easy. Let's just ape in and brag. Wen lambo? Wen moon?
But for those sticking around for more than 3-4 years, this picture tells a very different story.
Here's how.
At $0.11 a basic witness node can't cover expenses. If you want a decent failover setup, it will be considerably more. So, for the times when HIVE was at $0.11, you had to pay out of your own pocket almost the entire cost of your witness setup. I, along with many other witnesses, I paid for my own pocket for months (and before that, for years). I suspect pretty much every witness who wasn't on top 21 had to do that. I did this NOT knowing it will go to have a 16x jump.
There wasn't any contract that stated: pay now and we guarantee you 16x return. No, it doesn't work like this.
Also, during this time, people working on projects like Peakd, Ecency, LeoFinance, SplinterLands, NFTShowRoom and many more that I don't have the space to mention now, worked without a contract.
There wasn't anyone telling them: keep hustling, boys, because in one year you'll get 16x of what you make now. No, it doesn't work like this.
As for the content creators, those putting the flesh on the bones of the infra, they wrote for pennies. Or less. And they kept writing, they kept creating engaging, educational, useful content for their followers.
There wasn't anyone telling them: hey, bro, keep that writing habit and you'll make 16x of what you make now. No, it doesn't work like this.
Those curating posts kept curating and distributed the network value among the worthwhile participants, improving the mechanism. More often than not they were receiving just pennies of HIVE, which is less than a cent.
And yet, they kept doing that, without nobody telling them: here's the deal, if you keep curating, if you keep this thing afloat, in one year you'll get 16x of what you make now. No, it doesn't work like this.
Because this type of project, this type of tech, this type of community is not backed by explicit contracts, validated by lawyers and pumped by VCs. Instead, it's just the collective desire to make it. It's the pooling of skills to keep building, the relentless communication, and the hustle. It's the balanced approach in which you understand that in order for you to make it, everybody else has to make it.
There's no contract for that. You are the contract. Everything you do. It's all up to you.
I salute those who kept hustling, those who created this incredible year for HIVE. I also thank already to those who will stick around when bad times will come (make no mistake, there will be bad times, that's just how the world works).
Here's to an even better 2022!
Posted Using LeoFinance Beta
