Building a circle of power – let's all power up our Hive
When you create content on Hive, you might have several different goals. You want to be read, you want to interact and you probably want to earn some crypto.
When you reach payout day what do you do with the coins you earned?
It's possible that you use these coins and exchange them maybe into other currencies or even fiat money. This probably depends on your personal situation. The other option is to power up your earnings.
The concept of your circle of influence
Most of the users on this blockchain are posting and comenting in a limited number of communities. It can be in one, two or maybe in up to five communities. I don't believe that many users engage and post in more than 5 communites. This means that we have a kind of limited circle of influence within these communities.
Your circle of influence
Most probably a majority of the votes that a user will give, will be to people within this circle of influence. On the other hand, he will also get upvotes from these people on his posts.
How you start out on the blockchain
Your circle of influence is composed mainly of minnows that have little stake. Yours and their upvote is worth little. It's quite clear that not only your posts but also the posts of your friends won't get much value. With little staked coins, you won't earn any curation rewards. If at this stage you decide to cash out your coins, you will always remain a minnow. All the effort that you put into this will just allow you to earn the few cents that you cashed out. In the long term, you will be frustrated by how much time you have to invest for what you earn.
How you can develop a circle of power
Let's say that you make a deal with your friends and instead of cashing out peanuts, you all stake the earned coins. Your accounts will grow slowly but staedily. Your upvotes will be worth more and your friends upvotes will be worth more. The result is that your posts collect more rewards but so do the posts of your friends. This is great but it gets even greater: Your curation rewards will also increase. The progression is not linear, it's exponential!
The circle of power consists of a community of people on the blockchain that grow together. The more we power up all together, the more we all earn and the quicker we grow. In addition we support the value of the coin by doing so.
Join the #myhivegoals challenge
In order to create such a circle of power, it might be a great idea to define your goals on Hive. Show how you want to grow on Hive to your friends within a post. This might encourage others to do the same. You can do this in the context of the MyHiveGoals challenge created by @robwillmann.
Let's conect on Hive, Lbry or on Publish0x
My free e-mail course: The 100'000 satoshis a week strategy
This content is 100% plagiarism free
