Hive blockchain is fueled by content creation, curation, and engagement while aiming to build communities around a common interest and ultimately create new projects which help with the growth and development of web3 technologies, but not limited to them. I see it as a technology and crypto finance hub where dreams can come true with the power of communities and a great user base from here. Most of us start as content creators on this platform and we can grow from here into real businesses and crypto projects with their own identities and even cryptocurrencies on the second layer.
As content creators on the Hive blockchain, we have a few options regarding the payouts for the post rewards. The choice between the available payouts can be a dynamic and difficult decision, which might need to be adapted based on the market cycle and other considerations from one user to another. Each of them has advantages and disadvantages and one might need to strategize when picking one or the other. But let's see what options we have with some thoughts about them that might help others choose what best suites them.
50% HBD and 50% Hive Power
Choosing 50% HBD and 50% Hive Power for the post reward means that we'll receive half of the rewards in Hive Power and half in HBD. This option is great as it offers also a liquid asset in the form of HBD algo-stablecoin, which be easily used and converted into other assets. Additionally, HBD is pegged to $1 worth of Hive, making it less volatile than Hive as a constant quantum of it. However, the downside of this option is that Hive Power will grow slower, thus less curation rewards through upvoting and fewer airdrops (like it happened with Speak Network and Ragnarok).
100% Hive Power
Choosing 100% Hive Power for the post reward means that the rewards will be received entirely in Hive Power, which is essentially the stake an account holds in the Hive blockchain. This option is excellent for those looking to increase the voting power on the platform, as the Hive Power will grow with each post made. Additionally, having a higher stake in the platform gives more influence over decision-making and community governance. However, the downside of this option is that we won't have access to any liquid assets like HBD, thus we cannot play or trade the market when it spikes.
Burn
Choosing the Burn of the post rewards means that you forfeit any payout, but the rewards will be burned and help lowering the supply, thus deflating Hive. This is a good mechanism to have and there are people burning rewards even from whales and other accounts as a mean to fight against the inflation (if that is needed in these times).
Decline
The Decline payout option can be used when you don't want to receive any post rewards. Votes will affect the post's position on the trending ranking but no rewards are paid from Hive's reward pool. Replies made to the post are still eligible for rewards.
Donate to Hive fund
The Donate to Hive fund payout option transfer your rewards towards the Hive Development Fund, from where proposed projects on Hive are being supported and paid out. This fund is the one responsible to sponsor projects to come to fruition on the Hive blockchain or for maintenance purposes and it plays a big role in this blockchain evolution.
These are the available payout options for post rewards on the Hive blockchain and I must say that I am using the 50% HBD and 50% Hive Power in order to grow my stash of governance tokens (HIVE), but also get me some liquid assets like HBD that I could easily use on the market, to cash out or deposit them for passive revenue in the Savings account, which is giving a sweet 20% APR. I wonder if you are using the same option or if you found more benefits in a different one.