RE: Curation and weekly engagements 12

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RE: Curation and weekly engagements 12

savvytester in We Are Alive Tribe • 23 days ago

It's likely (but not guaranteed) that when the price of the HIVE token shoots up (let's say $1 each), then the Resource Credit cost of claiming Account Creation Tokens will be significantly lower (let's say only 4,000 Hive Power worth of RC required). 🤔🤓😏

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23 days ago in We Are Alive Tribe by savvytester

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tydynrain 23 days ago

Oh, that's interesting, I was not aware of the correlation. Well, that's another benefit to it going up then. 😁 🙏 💚 ✨ 🤙

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savvytester 17 days ago

The actual Resource Credit cost of claiming an Account Creation Token depends on the number of Hive accounts that have recently claimed ACTs using RCs. 🤓 Since it's likely that relatively less HIVE gets powered up and more HP gets powered down when the price of HIVE increases (significantly), less RCs become available overall, which means less RCs can be used to claim ACTs which finally means that fewer Hive accounts claim ACTs. 🤯🤯😅

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tydynrain 17 days ago

Hrmmm...well, that's all very useful to keep in mind when wanting to claim account tokens using RC. I won't worry about it. I'll claim some when the option becomes available to me. 😁🙏💚✨🤙

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savvytester 17 days ago

I haven't calculated the cost of claiming an Account Creation Token using Resource Credits when the price of the HIVE token was at its All-Time High (about $3.4 each), which whose RC cost is probably at its All-Time Low. 🤔🤯😅

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tydynrain 17 days ago

It would be interesting to know what it would be like to claim account tokens at those higher levels of Hive fiat value. Oh well, I'm sure that HIVE will return to those levels and beyond at some point. 😁 🙏 💚 ✨ 🤙

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savvytester 17 days ago

Saying that the price of HIVE will return to those prices (and probably beat its previous All-Time High) is indeed an optimistic view of the HIVE token. 😎😏 The question is when. 🤔🤯😅

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tydynrain 17 days ago

Hive is a superior blockchain in many respects, so I have no doubt that it will go up markedly. Of course, using debt-based fiat currencies to measure the value of Hive assets is pretty ridiculous, since Hive's assets are more intrinsically and inherently valuable, based as they are on our own human value. 😁 🙏 💚 ✨ 🤙

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savvytester 11 days ago

You saying "debt-based" reminded me that Hive-Backed Dollars (HBD) can also be considered as "debt" on the blockchain, though others say that it's just a (very) simplistic view of the HBD token. 🤔🤯🤓

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diyhub 11 days ago

@savvytester just sent you a DIY token as a little appreciation for your comment dear @tydynrain! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:

Don't be shy - share some DIY!

You can query your personal balance by !DIYSTATS

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indeedly (1) 11 days ago

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diyhub 17 days ago

@tydynrain just sent you a DIY token as a little appreciation for your comment dear @savvytester! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so: