Not Enough HSBI

in #hive-14008415 days ago

It looks like, due to Hive's price, my balance of HSBI rewards has been running a little bit low recently. Indeed, I've also been posting more frequently lately, hence I've run through this balance rather quickly.

It appears that even @hive-140084's HSBI balance is also starting to decrease, and it has the highest HSBI balance of all accounts on Hive!

This is an expected effect, as the balance noted above is in dollars; thus, when Hive's price increases, each HSBI unit becomes more expensive. It takes more HSBI units to get the same % vote from all the HSBI accounts. The reward is higher in dollar amount, but approximately equivalent in $HIVE amount, if that makes sense.

Thus, I'm going to have to come up with some ways to increase my HSBI. I've already been thinking about opening a community (to be moderated and run by some people I know) for which I can create an account and fund it with some HSBI units, thus increasing both my HSBI and the new account's HSBI. I've also considered creating a contest on the FC community, specific to my interests, that I can run on a schedule that I can follow.

I might end up going through with both of these. The community would require some building, especially initially, but I should be able to easily let go of it, as it's not as structurally complex as what I had planned for FC. The contest is also easy to uphold as long as I establish rules that make it easy for me to access submissions on my own time.

Nothing official here in this post, but I think I'll get those ideas rolling sooner than later.

One other thing... changing my post rewards to 50% HBD and 50% HP. That way I can convert the HBD to HIVE and use that for more HSBI rewards. This will be simpler than sending these into Hive Engine and dealing with 2nd layer stuff, which I'm gradually trying to reduce for the sake of quality of life.

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Indeed, you've been at the top for a long time - and still haven't maxed out the rewards! Quite an amazing and powerful setup by @josephsavage.

Welcome to our club! , One thing you should know is that this gets better for us the wider the net goes. Not really long tail so much but more about girthy middle sized users. If we can get 10 new users with 5k units, max vote rises.

Precisely! The more Hive that is sent directly to the SBI accounts, the larger it grows - plus the curation rewards. It's basically guaranteed to grow at a faster rate than Hive inflation plus curation as long as people continue sending each other HSBI. Truly brilliant.

keep growing and surely the rewards will be the fruit of your labor.

Wow I'm curious how you get that vote den neoxian :b 100% never seen it before ^^

I typically just send it several hundred of the NEOXAG token (700 is usually enough) to neoxiancityvb with the memo being a link to the post I want upvoted. Post must be less than 48 hours old and the voting power must be above 85% to qualify.

I didn't realize that you had been setting your post rewards to "100% Power Up" all this time. I think changing it to 50%-50% is a good idea.

I myself have been using HSBI in my community, so I've been struggling with the recent surge in HIVE prices. That said, since my community isn't as large as yours, I'm managing to get by for now...

Thanks as always!

I like to earn some HBD so that when Hive dips I feel like its "dry powder".

An even bigger challenge is that we've done this without powering down at all! I had no intention of powering down to continue funding the HSBI, as I'm delegating to get some useful 2nd layer benefits which help out the accounts' growth.

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@geneeverett, I got a tip from @thebighigg that you wanted to sell off ~3400 HSBI for ~1600 HIVE. Is that correct? I'm interested in the offer, but want to work out the logistics, since I'd like to apply it to more than one account.

Hey bud. It’s actually 3350 exactly available. Two units per hive is the cost when we buy (one goes to other as gift) so 1600 would buy 3200, to move them cause I need the funds I will give away the 150 left. That’s 5% bonus 👍

How many accounts? Like 2 or 3?

Wanna start with 1050 for 500 Hive? (5% bonus free) I just got the command to use. Doing a smaller amount first is probably smart regardless. Just hoping it’s not like 30 accounts 😂

I just doubled checked. It’s 3347 I have total. On second thought let’s keep the 150 free but change it to 3300 total so you pay fair value for 3150 and get the 150 as a bonus. That would be 1575 Hive for the 3300 units.

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That works! I should have the funds liquid this week.

Now, I'd want to transfer a portion of these for myself and a portion to a new account that I'll be opening (I'll determine the amounts soon). Either that, or I'd take the entire 3300 and sponsor the new account, if possible. @josephsavage, any idea how would we work this out?

I got the command ready when ur ready 👍. Two accounts is fine 👍
If you’d like we can start with a smaller amount so you can see transfer work properly. Just hit me up. I’m ready 👍

Just waiting on a trade to go through, then I'll have the funds ready. $HIVE just has to drop to $0.402 for it to complete haha.

I'd still like @josephsavage's input on how this would work though, because I've never done a transfer of HSBI like this before.

It’s simple. There’s a command and it just transfers. If you wanna do a small amount to test that’s fine. But he’s just gonna say for the person moving them to use said command. He doesn’t manage individual actions. I’ve done b4. it’s simple as me typing a commend.

But ur 100% taking em this week? Can u give me approx idea? The reason I’m willing to throw in extra for free was due to needing funds for something.

Oh ok! I didn't realize it was just a command. I actually have another account from which I wanted to do this exact thing, so I'd like to see how you do it.

Yeah, as long as Hive's internal market price drops to 0.402, I'll have the liquidity. It might even happen within the hour haha.

Ok. But if that doesn’t happen in next 3 days respectfully the 150 bonus turns into 50. I only offered so much because i have a need for it. After Friday I don’t and my need to sell will be gone and I’ll be selling bitcoin to pay for what I have to. Just making sure we are clear 👍. If your funds are based on a price level that might not be here next 60 hours I will be opening up to any other offers. Our mutual friend make it sound like he explained I was in a bind and needed funds that’s why I’m giving away the bonus 150. Just let me know what ur thinking today 👍.

It is just a command, but I process those manually, so it usually gets done more quickly if you let me know after sending.

Nice! Ur order price hit! Ok around? Let’s do this. Id like to avoid waiting for a crash. I’m taking it out in fiat so hoping to do this before we are in the .30’s
Hit me up 👍

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