Increase Your Stake, Increase Your Influence

in #hive-1679223 years ago

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Seeing the topic the obvious response should be 'well duh' as if it wasn't so obvious already. I want to add a bit more extra in my article by highlighting the possible consequences of staking and how dynamic our stake may evolve in the medium-long term.

I like to define stake as having 'significant skin in the game'. For us here on Hive, our first major primary stake is of course Hive Power - locking up Hive earnings in a form that prevents immediate liquidation. In our case, it is 13 weeks for a full return to liquid state. Some of it is (thankfully) involuntary and comes as part of reward payouts, but this is subject to the value of Hive at any given time.

Of course there are other ways to show 'skin in the game' beyond Hive power though. Other tokens have their rewards for instance, and each has unique ways where one can be fully vested. There is also stake acquired by reputation/influence, which is from acquiring a fair bit of trust from the community based on one's previous works.

That said, I still believe the best for of stake is holding onto significant token assets rather than selling for immediate returns. This is because this kind of stake not only expands your reputation within the community, but directly affects one's overall sphere of control or influence.

I was reading about an exchange that had about 75 Million Hive in their wallet (about 20% of total Hive in circulation). The figure is staggering and quite mind blowing, so good thing it is an exchange. But just imagine if it were an individual, we'd literally be at the mercies of such an individuals whim.

While not perfect, I believe the distribution system on Hive is better than we have in many conventional systems and even within the cryptosphere. There are tons of ways Hive can be purchased/earned so it is left to us to make judicious use of our earnings. Deciding to stake should become more voluntary if we want to have more of a say in the decision making and governance part of the chain.

But beyond Governance, there are several incentives to staking our assets which have not been fully explored. The way the Hive chain is evolving, we may get to a point in the future where blogging takes a back seat, as has been discussed in the past. What would remain consistent though is the weight of our stake in the chain which would enable us pull through any path.

Conclusion

The more everyone chooses to stake, I believe the better this place would perform in terms of reach and governance. One is not oblivious to the temptations or sudden necessities that may warrant liquidations, but I believe it is a necessary food for thought.

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having stake allows you to make more and support others at the same time. Having stake in 5 years or 10 years time may not be so easy to accumulate as we all know once there are more users Hive will be harder to earn.

Posted Using LeoFinance Beta

This is really the best time to grow.

Posted Using LeoFinance Beta

Staking is the main thing in Hive. The more you stake,the More you get high return. One thing again is to power up every month,it also helps to burst your earning.

Posted Using LeoFinance Beta

Yeah I saw the post of 75million Hive in the wallet. It is trending on leofinance at the moment.

You are right staking gives one a voice, that more reason why I take most of my earnings to my stake. My growth might be slow but it is progressing.

Posted Using LeoFinance Beta

You're doing a very good job. I don't mind slow progressions at all, as long as the forward movement is sure

Posted Using LeoFinance Beta

You bring up great points. Having stake is very important for a number of reasons. I feel it is vital for everyone to focus upon this. The tope reason is because it helps to distribute the token more. Having Hive spread in more account is to our benefit. This is especially true with a situation like an exchange.

Posted Using LeoFinance Beta

Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism