Somehow always behind

or should I say always something new that requires liquid hive.

With the recent news of reward.app shutting down, but me being someone who hates seeing projects die just because of some inconvenience, especially ones that are somewhat integrated to the ecosystem (like Hive account@peakd in this case), we had to come up with a lot of liquid hive to "buy out" the previous owner who had "parked" his hive there providing liquidity for the people using the service.

I'm personally not great on holding a lot of liquid hive, cause I feel like why keep it there if it can be staked and earning interest/bigger influence. This may have caused me quite some profits over the years but it's ok, i'm here for the long term. Since posh is "nonprofit" however, it felt ok to generate these hive from the reward pool as to buy the previous owner out from the project - which is now done. This means that Hive account@reward.app now belongs to Hive account@poshtoken. The code and keys have not been changed yet, however as we're waiting for the devs to collaborate on when the best time would be to do so - which was clearly not the holiday season.

After the new code goes into effect, the changes of reward.app will be that you won't be able to reward curators with your beneficiary rewards as was an option that was barely used in the past, at the same time the 1% fee which was shared between myself and the dev, will be increased and go solely to Hive account@poshtoken. This means that posh will for the first time start generating "profit" that's not taken from the reward pool. I mean, technically it is coming from the reward pool as the fees exist cause others wanna liquidate their author rewards - but it's a fee for a service that "goes" to posh and isn't "farmed" from the daily posts or comments of poshtoken for liquidity or other sharing activity. What we shall do with these "profits" is still up for grabs, so we're open for suggestions, even though they may not be big, but we'd definitely wanna use it towards something that benefits the posh/the ecosystem as usual.

I had Hive account@louis88 check for some stats recently as we were talking about something else, I asked if he could query a specific thing as I was curious about it. This is quite a niche thing in the posh system, it pertains those who either:

A. self-vote their own shares (if you're the sharer of a post and the bot picks it up and leaves a comment of the share, you vote it up yourself - you forfeit those rewards of your own selfvote portion (but not if others vote on top of it))
B. if you aren't registered on hiveposh.com where you link your hive account as you login with keychain and then can link reddit with reddit login authentication - cause if you're sharing hive links with a reddit username but aren't registered, we don't know who this reddit account belongs to so we won't know who to send rewards to
C. if for one reason or another you the sharer or the author have been banned from the program

so what we've done with these rewards, instead of keep them for liquidity (which we definitely could've used over the years), we've been sending them to @hive.fund, aka. the hive DHF. So my curiosity was as to how many times this has occurred and how much hive that's been in total. The first transaction to have been sent to hive.fund from Hive account@redditposh was in january 7th 2024, this makes it almost 2 years of this activity. Reddit sharing was definitely not as popular back then as it is now.

The numbers were: 2030 total transactions and 2261 total hive sent to the DHF.

It's nothing impressive, especially not at these hive prices, but it's still something. Probably more than what most have sent/returned to the DHF, not counting hbdstabilizer of course.

The question arose however, is this the best we could do with those hive? Does the DHF need more hive? What else could be done?

before you say burn it, I'm personally not a big fan of burning as I believe having a good marketcap rank might be good promotion for our blockchain, if we take away hive from the total supply and a pump happens, it may not get us as far up the ranks if we've ended up burning say 10-20% of inflation/supply. Among other reasons.

Anyway, to get back to the meaning behind the title, there's still some catching up to do with liquidity, this "last" time for our weekly contests hosted by Hive account@x-rain which attempt to push sharers to come up with new and exciting ways to do better with their shares and reach top ranks for that particular week which hopefully causes a lot of traffic to come to our ecosystem. We host some contests there and since hive has been underperforming lately we've had to adapt there a bit as well with how much rewards we can give out, it's changed over the years from hbd and delegations to now hive and delegations. Due to the recent buyout of reward.app however we've been behind on sending out those rewards and I recently asked x-rain to tally up the count which came down to 505 hbd and 1105 hive + HP delegations. Our current standings with poshtoken are at 100 hbd, so we will have to vote up posts and comments for a bit longer until we're all caught up.

Anyway, there's some more musings around posh but for now I think I ranted enough about things going on through my mind today about the system. I'm very grateful to the devs who've kept this system maintained and helped get it to where it is for very little if any pay at times and the participants trying their best without cheating or taking shortcuts to use it well all for the good of hive.

Thanks for reading.