Hello SPIer's, so there is a hard fork happening today at some point. I've not been staying up to date with everything but from what I can see, the main thing that interests me is recurring payments. Im, sure there's other great updates being added but this is the main one for me. This is something I dont think many are any other blockchain is doing. I have spoken about "direct debits" before, a long time ago as it's something I've been wishing for, for a long time but I never actually thought it would happen.
SPinvest will be one of the first HIVE projects to take advantage of this new feature for sure. I will be setting this option up for CUBLIFE (CL) so people can automatically invest. I'll be asking the ones that lease HP from us to set these up and we might even be able to spawn a new sub-project under SPinvest as well. Im already in talks and planning to release a stocks/shares token soon with a 3 man team, im still determined to release a stable token that's actually pegged to $1 that earns interest while holding and im always talking to users, meeting new people that have skills we never had access to before which of course results in new projects idea's are things we can do to keep growing SPinvest.
If this "recurring payments" feature works out of the box, I can tell you now that SPinvest will have at least 3 new tokens under its umbrella in the next year, prob less. This will bring us up to 7 dividend-paying tokens, 1 for each day of the week. This is a silly goal of mine but I need something to work toward, after releasing 2-3 tokens, the novelty wears off and it's more work than fun and I just think getting paid a dividend each day of the week from a SPinvest token is sorta cool.
SUN - SPI, dividend paid in SPI
MON - EDS, dividend paid in HIVE
TUE - ?
WED - ?
THURS - ?
FRI - CL, dividend paid in LEO
SAT - LBI, dividend paid in LEO (not started yet)
(Soon)
The way things are going, SPinvest is going to end up with over 10 tokens in a few years between the SPI & LBI funds. I have some fantastic investing projects but they are best launched and funded during a bear market so the timing is not now. I mean if nobody else is going to release these simple projects that have solid models, I guess we have to. There are a few good investment tokens on hive-engine, more than there was 6 months ago.
As for the rest of the hard fork details, I'll be honest and say I lightly skimmed through and cherry-picked and read the parts I was relevant to us. The 1-year witness vote thing is a cool idea, I really like that one and I like the voting on posts more than 7 days old. I dont think the author gets rewarded any but at least useful posts with good content can be upvoted higher. I think the curator still gets a reward, im not sure, to be honest. That's how I read it, we'll wait and now in a few days after the dust has settled and servers are updated and such.
As I've said, im looking forward to recurring payments. When i first seen about "subscription" payments, I started to salivate and my eyes rolled to the back of my head. As an investment club/fund, recurring payments is a real game-changer. It opens up the doors to new types of projects, ones that can already be done but fail because they lack regular funding to get the game going and growing. Im not going to go into numbers and stuff but think 10 users sending 10 HIVE per week. What if you were collecting 1 HIVE from 50 users are 50 HIVE from 4 users? What if you were collecting all 3? every week. That would be a well-funded saving investment project and a pain-free saving to the end-user 😎. Gamifed tokens? I've said to much...
What windows and doors do you think recurring payments will open for SPinvest? I think that this is the best update to date. I know it's probably not and not the most important but as an end-user that manages a few investment tokens, this adds new levels to the game for us. Remember back to before steemhive-engine was created. No tribes, gaming are engine tokens. hive-engine was a game-changer when released. I know it's not released by HIVE but it was a game-changer and added new levels to the game. I think recurring payments will have the same effect long term, maybe in a more hidden way but being able to collect regular payments on a blockchain should be a big deal and 1 ups HIVE to STEEM as well 🖐🖐.
Thanks for reading today's post, I hope you enjoyed it and have an idea of coming that could follow if recurring payments work well. Remember it'll only be HIVE, I dont think we'll be able to set up recurring payments for LEO/SPI/LBI, etc. Still pretty cool all the same and the hive-engine team might be able to add it after a while so that could happen as well.
Take it easy and have a great day.