I am flying again, commuting to a client for a bit of work and while that's harsh on my body, it seems that the mind is quite active and even creative. Maybe because these trips are interrupting my urban routine and while faced with new people and surroundings, my neurons are getting out for a walk, find new pathways and sparkle ideas. And one that made me even right this post from the airplane is about if PUD actions from the Hive blockchain like #hpud or #lpud really count in the context of having also a power down? Let's dive into that and see my rather subjective opinion on that.
Powering down
The crypto market is quite hot these days and one crypto asset that impressed the investors is without any doubt HIVE. Fueled by the Hive perpetual futures trading launched on Binance, we saw some serious price jumps of more than 50% a day and trading volume in the billions. It even got to the point if being top gainer on Binance. With this appreciation and hype, some of the Hive holders got awaken and in order to play the market started powering down as to have liquid assets. I've also thought about it, but my joy price is not there yet. I would like for Hive to break the $1 mark in order to start taking maybe some incremental profits. Thus, first, there is a serious reasoning for powering down given these market conditions.
Power Up Days events
Regardless of what market does, the power up events continues as a show of support for the Hive Blockchain and to increase the benefits of curation rewards and influence in this ecosystem. Hive PUD will still take place on the first of each month, while Leo PUD will happen on 15th on each month. These events still make sense from multiple points if view and hardcore Hivers will continue to participate. I surely do plan to do so, regardless if I am in the middle of a power down or not.
Dilemma
The dilemma is if PUD should still count if you are having also a power down. In my opinion is YES as powering up can be done with the creator earnings, trading by buying Hive or Leo, participating to play2earn games like Splinterlands, LP rewards, dividends, airdrops and si many other. A power up on PUD could symbolize that you consolidate all your earnings into a fair staking. And on top of that instead of taking those liquid assets and throwing them on the market, you make a compromise to soft withdraw them during a 13 week timeframe while also benefiting curation perks and other.
PUD events are also social movements where people and communities come together. There is a sense of pride by participating to them which brings more good feelings, motivation and enthusiasm. We shouldn't look at them just through math glasses and numbers, but also the engagement, networking and social aspect of it. Which for sure has a positive impact and this is why I think that doing a PUD while also having a powering down, still COUNTS.
PS: I haven't started any power downs (yet), just wanted to express my opinion about it and also see yours.