Building a circle of power – let's all power up our Hive

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(Edited)

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When you create content on Hive, you might have several different goals. You want to be read, you want to interact and you probably want to earn some crypto.

When you reach payout day what do you do with the coins you earned?

It's possible that you use these coins and exchange them maybe into other currencies or even fiat money. This probably depends on your personal situation. The other option is to power up your earnings.

The concept of your circle of influence

Most of the users on this blockchain are posting and comenting in a limited number of communities. It can be in one, two or maybe in up to five communities. I don't believe that many users engage and post in more than 5 communites. This means that we have a kind of limited circle of influence within these communities.

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Your circle of influence

Most probably a majority of the votes that a user will give, will be to people within this circle of influence. On the other hand, he will also get upvotes from these people on his posts.

How you start out on the blockchain

Your circle of influence is composed mainly of minnows that have little stake. Yours and their upvote is worth little. It's quite clear that not only your posts but also the posts of your friends won't get much value. With little staked coins, you won't earn any curation rewards. If at this stage you decide to cash out your coins, you will always remain a minnow. All the effort that you put into this will just allow you to earn the few cents that you cashed out. In the long term, you will be frustrated by how much time you have to invest for what you earn.

How you can develop a circle of power

Let's say that you make a deal with your friends and instead of cashing out peanuts, you all stake the earned coins. Your accounts will grow slowly but staedily. Your upvotes will be worth more and your friends upvotes will be worth more. The result is that your posts collect more rewards but so do the posts of your friends. This is great but it gets even greater: Your curation rewards will also increase. The progression is not linear, it's exponential!

The circle of power consists of a community of people on the blockchain that grow together. The more we power up all together, the more we all earn and the quicker we grow. In addition we support the value of the coin by doing so.

Join the #MyHiveGoals challenge

In order to create such a circle of power, it might be a great idea to define your goals on Hive. Show how you want to grow on Hive to your friends within a post. This might encourage others to do the same. You can do this in the context of the MyHiveGoals challenge created by @robwillmann.




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21 comments
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Congratulations @achim03! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You received more than 9000 upvotes. Your next target is to reach 10000 upvotes.

You can view your badges on your board And compare to others on the Ranking
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To support your work, I also upvoted your post!

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Hello @achim03
This is an interesting article, a different (and I think ideal) way of organizing your efforts and directing them towards a specific objective, the first thing is to have clear goals, obviously, and most people should allocate that way is a part of what they earn here to grow their accounts. But, the economic realities sometimes don't allow that, and that's understood.

But as you say, when you grow steadily the profit is exponential and that is very good. It ends up generating more and more profit.

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Hi @josevas217,
For many people the money earned on this platform is needed for daily survival but I think even for these people, it is important to try to make their account grow. It's like an investment in their own future.

We should all strive to become dolphins, orcas and whales. If you have many friends who do the same, then we profit in an exponential way!

Thanks a lot for your comment!

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Great article.

What many people missed is that they just came on hive to earn fast and cash out their earning without no sight of investment.

The profit made from staking is much more better than quick cash out

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As long as people have only the quick buck in sight, it will be very difficult for them to see the bigger picture. Thanks a lot for your comment!

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You are right! And this idea is similar to one of the goals of @jongolson... To push his CTP community members to the Dolphin rank, which will be beneficial to the whole swarm...

That is real growth... I have nothing against cashing out, but if you want to grow, you have to leave something to the future... Contribute with content is a great thing, but contributing also with an upvotes is even better!



Made in Canva

@thisisawesome Moderator


This is Awesome Content, and it will be manually curated with an upvote of 65% from @thisisawesome (will be done today), and it will also be included in our Awesome Daily Curation report in category Awesome CTP Curation for more visibility.

The goal of this project is to "highlight Awesome Content, and growing the Hive ecosystem and the CTPtalk tribe by rewarding it".


Source

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The idea of @jongolson is the perfect plan to take it ot the next level. I can only imagine if a whole community works together and everybody has a 0.05 HBD upvote potential...

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...the magic happens...
We already have a nice amount of people that are engaging every day... just doubling that number and slowly staking up... we will get there... ;)

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Thanks for the mention. :) I followed you. And I love that you tied this into #myhivegoals. Appreciate that!

I find that it helps if I don't focus on the crypto at all. Yeah, I measure what my account looks like at the END of the day, but during my day, my focus is on using a social platform to be social: I encourage people and post my own thoughts.

This will ultimately help because the quality of the content is there. In other words, I am not creating for the crypto. I am creating for myself.

Then, the bonus of higher payout is nice because people realize that you are a genuine person and not making 'fluff' content.

I think Jon O ( @jongolson) is wise in regards to the fact that he wants a community of dolphins or higher, and is willing to help the redfish and minnow get there. It's similar to how fish in the ocean are more protected in a school than individually. We succeed as a group. And yes, I am part of the sphere of influence that includes Jon.

I do like your idea of crossing boundaries and not just staying in 1 or 2 communities. That's wise. Otherwise you're curation and content will be myopic.

-Rob

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We succeed as a group

Thanks a lot for your amazing comment. It's great to succeed as an individual but when you succeed to build Hive Power as a group, it's just much more powerful. I really like the idea of the dolphin swarm!

Thanks a lot for your comment.

Best regards,
Achim

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Great post. I am reposting hoping that it will get to more people. Thank you for your insight.

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Hi @rcaine,
Thanks a lot for your reblog and your kind comment!

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It is a very good idea, it stimulates savings and builds a future. I recommend that those who cannot totally do a power up at least set aside 10% to 20% of your earnings and in this way grow gradually As always @ achim03 with interesting and very helpful publications, a great contribution to the community and my congratulations to the creator of this initiative.

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It's probably more difficult for people from Venezuela to build up Hive Power but I sincerely think that in the long term this will be very beneficial. This is the only way to actually once being able to earn more than what is actually needed.

Thanks a lot for your kind comment!

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Wow, just learnt something way different. Thought I will be cashing out like never before.

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I'm happy you could get something out of this ;-)

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Wow it is a great idea which I am going to share among my friends, in some way it is an option to grow, that is, a win = win

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I believe its a very worth goal to grow together as a community. Thanks a lot for your comment!

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I agree with you and add one more point that each community should set some community account and each member should delegate fix % like 5% to that account. This account can grow at power at once and keep voting the content depending upon the quality.

It will bring more exposure to content creator and good content creator can give tips to other to improve their posting.

Recently, "India United" community wake up and I make pledge to myself that I will keep my 15% HP delegated to them, and after adding each 100HP, I will increase the delegation by 15. In long term it will become big delegation. (My thinking is that if I reach 5000HP and decide to delegate 750 HP to them, it will suddenly start looking like dent to my HP, but if I go by step of 100 earned ,15 delegated then it always look like increasing HP, because that 15 HP I will easily replenish in few days but replenishing 750 will become like big task for me.)

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That's a very intersting approach. I think that delegating to a big community account is a good idea but the users should see a direct profit from it by getting upvotes for example. I believe you have outlined a nice long term strategy for yourself.

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Direct profit: A % of delegation profit is going to paid back (in my case it is 80%)

Indirect profit: Exposure, you get exposure beyond your followers and that can convert to votes and more followers.

Delegation do not qualify for getting vote and you will be voted according to content quality.

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