Four days off!
Sure, I have to work to prep sessions next week and also to do a lot of renovation tasks as we are starting to go hard on the last run before the phase completion deadline - but at least I don't have to do all of the other stuff on top. Oh yeah, some billing too, but also as it is the end of the month, I get to do some invoicing as well, which isn't so bad as that is money coming in.
Speaking of money coming in, it is the Hive Power Up Day and it is going to be interesting what the statistics look like in comparison to other months, as I suspect that a lot of people are earning less now that price is increasing. Less HIVE that is.
People are likely earning less HIVE for a couple reasons. Firstly, people are likely adjusting their vote weighting down. Then there is the increase in the number of posts. And, some people would have powered up less and sold their stake on the market in stead. And of course, because HBD is up, rather than selling it for HIVE (which they would get less since price has increased, they are selling the HBD onto the market and capitalizing on it there, unlikely to pull it back into HIVE. This means that people might have less to power up - also, with the increasing prices, they might be less willing to lock HIVE into HIVE POWER and more willing to keep it liquid in hopes of a spike, which seems imminent.
I powered up a "measly" 500 this month which at the start of the year would have been 55 dollars worth.
Speaking of spikes, that 500 is 425 dollars worth now.
January 1st - 11.8 cents
February 1st - 13.7 cents
March 1st - 31.0 cents
April 1st - 83.7 cents
A 700% increase in the space of 90 days.
The lead up to this last bull cycle has been such an incredible opportunity to build, but I am unsure how many people realized it until now. What I mean is, leading into the last bullrun of 2017 was a better time to buy and get involved, but there was also a lot of risk at that stage, as there was uncertainty as to whether crypto would find use case and mainstream support. However post-bull and while people focused on the deep depression in value, what actually was happening was that the industry had proven itself a survivor through the thick of the bull and the thin of the bear, where people involved kept building, kept developing, kept investing and kept adding new experiences into the mix. Yes, prices were low, but it was only a matter of time.
Why most people missed the opportunity is that they are looking for some kind of social proofing and se increasing prices as the indicator of adoption, not the activity performed that leads to adoption. While everyone is worried about the value of their tokens, the industry itself was adding the foundational value that gives tokens their support for price. Now, going into the new bull cycle is going to float all boats, but when the cycle ends, many will be left in the troughs, while others are still surfing the waves on the ships they built that can withstand *troubled waters filled with sharks bears.
Hive is going to be one of them. How do I know this? Because we not only survived the bear, we thrived through the bear in the face of adversity and challenge with a stronger community than before, interacting with a far wider range of experiences - ready to explore new seas. Honestly, we are smashing it in the crypto space, regardless of what the price of the token is currently doing. This is exciting.
A lot of people including myself are hoping that this year is going to make all of the investment of the past asymmetrically worth it, as the hope is that held tokens go parabolic, but past that, many want more. Increasingly, people are recognizing that the value of the industry isn't about being part of what is effectively pump and dump scams speculating on token price, it is about building something sustainable that brings support past the peaks and through the troughs. In the last run, it was about "selling at the top" but this year, it is about building all the way up so that the new floor is well above where the last was. It is now about fleshing out the industry and bringing usecase to the market of the masses.
Most people aren't going to buy a Tesla with Bitcoin, but with the likes of Mastercard and Visa getting into the space and rapidly expanding, more and more gateways for crypto usage will come to market, and this will attract increasing investment into the market of generative crypto business. Just imagine when corporate travel flights and hotels are booked through Travala instead of the myriad other fiat gateways - What about when the businesses start putting their crypto earnings into pools instead of banks?
While this bullrun is going to be a lot of fun, what we are now part of is the evolution of the industry from oddity to economic powerhouse that offers so much in way of value-add and ROI, that the traditional businesses and financial institutions that don't make the change are going to struggle heavily for clientele, which means that not only will they fail to attract new investment, their current stock of investors will leave the sinking ships like rats.
It really is hard for the average person to visualize the disruption that this kind of economic revolution will cause in the coming years, but I ma quite confident that it is going to decimate some well-established industries that have held power for decades. Not only that, because of the underpinning blockchain technology, it is going to become the standard infrastructure for the economy itself, as well as a lot of operations that are driven by interaction, like government - more disruption that is kicking out the legs of the seat of power, while they have a noose around their necks of their own making.
It sounds horrific, if it wasn't all just driven by the way a minority have held the reigns of control over the masses through their manipulated and opaque distribution of economic value. The disruption caused by replacing the economy isn't taking power from them, it is growing power away from them, leaving an economic gap. Growing wealth inequality is one of society's largest problems to face, but it is quite easy to solve. All that needs to happen is to redefine what is considered wealth and then be sure to create a system where it is better distributed with mechanisms in place to make sure value doesn't pool endlessly in the hands of the few - This is what we are creating and in the redefinition of wealth, the current markers of centralized money will become meaningless, leaving a tiny fraction on the other side of the divide they designed - holding a bag of useless.
Power Up. Power Spread.
Taraz
[ Gen1: Hive ]