Let me tell you a secret about HP...

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(Edited)

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Not many people realize the importance and the benefits those who hold HP enjoy. Well that is not entirely true as many of you also are familiar with the mechanics of this blockchain but if you keep reading you'll understand that it's much more than upvotes and curation rewards and perhaps you realize that keeping one's stake "locked" in the form of HP isn't that bad ea after all.

When I first came to Steem and exactly because it happened to be when the previous bull run was in full play, I was fascinated by the potential payouts posts on trending / hot page had. As a matter of fact even posts that were buried had really big payout rewards. Like...you wouldn't believe...

That's of course because at the time Steem was at $4.5 and exactly because our HP is bound to the token's price they act as one. Does the price of the token go up? So does your upvote value. So if your vote's value now where Hive is at~ 20 cents is $1 then at $5 HIVE your upvote will worth 25x aka $25...now you understand why posts with 4 digits as potential potential payout rewards were something totally normal...

And that;s exactly why I wanted to grow my account as much as possible, both to help others but also myself. So daily blogging and investing quite often I'd say became top priority for me.

Benefits of HP.


  • The more HP one holds the more rewards they distribute to others and also earn for themselves (curation rewards).

  • The more HP one holds the more rewards they can remove from others in case of plagiarism / theft identity and so on...(downvotes).

  • The more HP one holds the more they can affect (positively) proposals to get funded.

  • The more HP one holds the more they can affect (positively) their favorite witnesses to climb the witness ladder.

But you knew all that already didn't you?

So let's talk about something that you also know but might never thought it this way...

I know that Steem is a hatred place for most of you right now because of all the shit Justin Sun did back then, but you have to admit that it's where it all started...and if it wasn't for Steem we probably wouldn't be here now...or is it if it wasn't for Justin we would probably be on Steem now...Anyway...

As I mentioned above my focus was how to grow my account therefore my SP back then.I didn't know anything about witnesses and such, all I can remember is that I wanted to be able to distribute the amount of tokens some massive accounts were back in the day. And if 2020 hadn't been as shitty as it was I would be heading for 200K HP right now...but it is what it is...soon though...

So I started staking like a madman. I was even staking those spam 0.001 people used for memos....

And then it happened. @Aggroed built Hive Engine and created the first Tribe. And just like that I was eligible for PAL tokens just because I had a Steem stake and for being whitelisted I think.

And then it happened again... @khaleelkazi created the LEO tribe and this time I was eligible for LEO tokens just because I was a PAL holder, which I wouldn't be if I had no SP...

And then it happened again...@blocktrades and a big team of devs created Hive when Justin Sun invaded in our home and once again I was eligible for HIVE tokens just because I had SP.

Then Steem became a circus and forks were in the daily menu but once again I was eligible for Blurt tokens just because I still had SP...

A few weeks down the road we will still be eligible for @threespeak tokens thanks to @theycallmedan this time. Can you guess why? BECAUSE WE HAVE HP.

And every now and then you will always be eligible for something new because you have HP. The more you have the better..

So how do you like me now?

6 different stakes and I don't know if I forgot to mention some others too forget all because I decided to stake my tokens. Just like you do. So next time you see someone who claims that HP is overrated...show them this post.

Triggered? Let's start staking more then. Hopefully I get debt free by next week so this is a new beginning for me.

Have a good one people
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Cheers.

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53 comments
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Yea there was quite a few airdrops based on hive power .... probaly you missed some, the byte or what was its name ... and there will probably be another airdrop for a gas token for second layer in Hive that blocktrades want to build.

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Oh...right. Byteball I think? Or was it Bytes?

Bottom line is...I only see benefits. Ya long power down periods might be an issue but an app is being built to solve that, right?

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Lovely! I already had my reason to keep growing my HP, but after this all my ideas have been confirmed and strengthened an enlightened. I often listen to people complaining about the prices of cryptos going up and HIVE staying low, but they just don't simple get this is the perfect time to stake and stake big. The price will go up. And when it does, I hope I have staked as much as I can to get my account to at least 6 digits in HP. It's a big delirious for me at the moment because I started publishing here on November 4th of last year but already got 1600+ HP and I keep going on. I have put some delegations as passive income in LEO and other projects that repay in tokens or a little HIVE just to keep running that little drop from the sink.

This is truly the way, @mindtrap.
Cheers!

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It's nice seeing people "hungry" and passionate just like yourself.

Here, grab some more leo then :)

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For the moment, I need to get back on the "posting each" horse. But that's easy enough. I want to reach at least 3k HP by the time I reach 6 months in the platform.

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Very true, that's a lot of free money handed out just for holding your stack powered up. With all the stuff being built on Hive, it's reason enough to stack more and more and hold for the long term. Nice read, food for thought.

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Same mindset as you and I hold my HP dearly and not selling for some shitty price as it is just too valuable. This is years of work and 1000's of hours to build what I have and appreciate the extras that come our way. You must have joined around the same time I did as it was about $4.50 when I signed up having no clue what this place was.

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Meh, I remember $1000 payouts were absolutely normal...

A few months before we join 5 digits were the normal...

As I said before pros are way more than cons to not vest your tokens

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Great to be debt free! It happened to me several times, now I'm waiting for one more time. I'm glad we have HP and that those who know what to do with it... keep it and multiply it.

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Men! I was just thinking about this recently. Some people (not me because I was powering down) doubled their portfolio size in the last 12 months because they had steem stake. One of my greatest regrets.

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Initially being a Hive hodler makes you a "stakeholder" which make you personalize and work for the project voluntarily.

Hive has always been full of gifts to the community members. Now fingers crossed for 3speak and ProjectBlank. We are gradually creating a whole community and I believe, hodlers are so lucky 😌

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One important fact that you might have forgotten is that your actual HP is an amount of vests that are constant as long as they are powered up. Vests remain the same as when they have been powered up, but their value increases over time. For example 10000 HP today, will be worth 10001 HP tomorrow. Your vests for tax purposes remain constant and you don't have a profit if you don't power down. There are a lot of different more!

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I've often thought about how crazy it is how much money people in crypto can make just from forks and airdrops. If you try to explain that to a non-crypto person they look at you like you have two heads, but for us it's kind of just normal now. Oh sure I got $2,000 from the UNI airdrop, or from the HIVE fork, or whatever. I still sometimes find tokens I didn't even know how I got that are now worth some real money and I go sell them for a token I actually want and know what it is lol.

I don't know of anything else in life that's like that, where you keep getting money sort of at random every so often, and it's really just nuts if you step back and think about it.

Also don't forget the LEO airdrops that are coming up soon!

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If you try to explain that to a non-crypto person they look at you like you have two heads

Been there. Tried a million times to convince them to get involved in crypto...let alone airdrops and such...

I don't know of anything else in life that's like that, where you keep getting money sort of at random every so often, and it's really just nuts if you step back and think about it.

Lol . !00% true

Also don't forget the LEO airdrops that are coming up soon!

I didn't include those on purpose, yet almost everyone keep "reminding" me of these, with indicates how successful LEO project is

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Good point / Wise words

In all honesty, I would be even happier if we had a flat curation curve, like we have here on Leo, so I would be even more motivated to vote outside of Leofinance.

Also, it's tough to see that even 10k+ HP hardly makes a dent these days. Will be nice to see this change when the price of Hive keeps going up.

See you around :>)

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Congratulations @mindtrap! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You received more than 190000 upvotes.
Your next target is to reach 200000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Time to go on your Hive Tour
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Excellent article @mindtrap
You really explained well all the benefits of always doing Power Up to increase Hive Power.
I really believe in Hive and have never done a power down.
The best thing about Hive is that the moment you have even one HP you become part of Hive and not just a user.
!BEER

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All the examples you've cited are well received. HP is life on this space because here everything around here is a game of influence. Cheers!

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Great post! Thank you

I'm very new to Hive so I didn't know some of the things you shared. I'll continue staking!

Another thing that it's a bit unrelated to the post, but not completely is this: I joined Steem around 2018 but I went completely inactive right after joining and only got back recently, after the whole Justin Sun takeover thing.... One thing I don't understand is why did some people stay there?!?

Aaanway, I'm not sure if that's something we talk about here and sorry to hijack your post if it's not hehe

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One thing I don't understand is why did some people stay there?!?

Probably to farm rewards from there too ;)

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For sure! Lots of people hate on hive for this and that lame reason but they are still here. It will be comical when resource credits are much more valuable and they can’t even comment with 100 hive power because you need more than that to do a lot of talking.

Let’s see where things go with the increase in prices amidst the bull run here. I’ve accumulated what I feel is a pretty good stake, watching it grow has been wonderful!

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That's nice to learn some history of the chain at the same time.
3Speak/Leo will be my first airdrops here, very excited about it.
I might stake some more Hive following the steps of a famous whale ;)

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The whole Hive ecosystem is really undervalued compared to traditional social media. Going to keep my Hive unless the price shoots up to those $6 levels again.

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My main focus when I try to increase my HP is to upvote others and give them a reward. My upvote now is like 0.015$, but I hope some day I could give an upvote of at least 0.5$ when Hive reaches 5$.

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The benefits are rolling out each passing day. HP has become the new passport to More crypto airdrops.

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and that's why i try to build up my stake and i will only cash out if the price reach 10$ at least

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I have a small account, but I remember those airdrops very well like Pal and Leo and also Byteball.

I have friends who regretted why they did not have a small take in their accounts.

It is really hard to explain to a noob all these benefits, like airdrops. I did receive the Safepal airdrop a few days ago and it is now worth $200.

Let us wait for the next airdrops even though I have a small account, I will indeed refer naysayers to this post hehe

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Am I still eligible for PAL or did I miss that? I am staking HUSTLERM and getting COM, what else should I stake? What are the best tokens to stake right now? Thanks for your time.

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The more HP one holds the more rewards they distribute to others and also earn for themselves (curation rewards).

Indeed. I get 100 HP daily, just by curating.

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Massive amount! And you're actually being "entertained". How awesome is that.

Let alone all the tribe tokens some people deliver through their votes, some of which are really valuable

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