Someone explain to me again what the benefit of stacking is
We have been talking about it for a while now. And it seems a lot of people still don't understand why their hard earn token should be staked instead of exchanged.
Listen.
The benefit is that it gives you a voting value
This means when you vote for a post, the owner is happy if your value is tangible.
And you know how it works, 50% of your voting value comes back to you
That means when that person is happy, you are happy too. It is a game for two, no one is missing out.
So if your voting value is 20 POB, and you upvote 10 posts a day. That means you'll earn 100 POB daily as curation rewards
Look at the picture below so you understand what I mean
Now that is the curation on my post when the various person voted. Notice that as at that time when this post was curated, @leprechaun gave me a 40.05766842.
Now let's approximate this to 40POB.
Also, let's assume that the 40POB is on his 100% vote. And he decides to vote 10 posts daily with 100% voting value.
Remember, I said, you get half of whatever your vote is? Right
Now @leprechaun on account of this arithmetic will get 20POB for voting various posts
IF your multiplication doesn't fail you, Multiply 20POB by 10 POsts daily. That means he earns 200POB on a daily curation.
20POB *10 POSTS = 200POB
The same goes for the rest of the people that voted on my post. If they did so on a 100%, and it gave me the different numbers. They get half of what I got, multiple by how many posts they vote on a single day.
How do you know what your voting value is?
Well, try voting someone's post on a 100% or whatever percent you wish, then you will see the value as shown in the picture above.
That's why people strive to get bigger stakes. So they don't have to stress about creating content every day. They just vote and earn
This is what the taste of freedom feels like, baby.
Imagine if you are someone who is able to create content every day, and engage as well. Then no one has to tell you how much you stand to benefit.
You don't necessarily have to vote 100% on posts. That means you are not restricted to voting only 10 posts daily. It is just that the more you use your voting power, the more it drains, and reduces the value you give out
So most people vote a few posts in the morning, allow their power to recharge, then return to curate more in the evenings.
But if you love the space so much and you desire to read lots of posts on a daily basis while dishing out rewards in the process, then you have no worries
All you have to do is to reduce the percentage of your voting power.
This means votes every post 50% in order to be able to dish out rewards for 20 posts
And 25% for access to 40 Posts.
You can split it around, any way you want it. You will be still benefiting
So the lower the percentage you use, the more posts you can upvote without killing your power
In this space, value isn't a parasitic relationship but a mutualist one. Everyone is benefiting from the actions taken by one another.
How do you know when to stop curating for a certain period in a day in order to recharge?
You can use leodex.io to watch your power movement, you should never allow it to go before 90.
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This picture reflects what I mean. Here you will see all the tokens and their power charge, as long as you have some quantity stacked
How do you navigate to this point?
It's on Leodex.io under the rewards tab, just log in with Hive signer
Wait a minute! This staking and earnings applies to every coin including hive tokens right?
Yes. As long as the tag is there on the post and you have the tokens staked. It doesn't matter the interface you are using, the tags used are what matters the most.
Like if you should log into your account on leofinance.io and you vote a post there, and that post happens to had used Proofofbrain as a tag, you will be giving the person POB as well and you'll get your share in 7 days as usual.
Now that you know the benefit of staking your tokens, what are you waiting for?
Go ahead, earn some tokens, stake them, and watch your rewards come in various tokens, and coins at the end of 7 days.
Cheers
I am pretty sure I did not touch everything. If you have additional information around staking, please share it with us in the comment box. Thank you
Good post, edystringz. This sort of thing should be stickied as some sort of FAQ for new users.
Thank you very much @charcoalbuffet
I appreciate
There's a FAQ ? I would to see that.
No, there isn't one. But I would like to see one too. This would be good material for it, imo.
Oh, I'm thinking about doing some tutorials for portuguese, I see that there is some posts like this, but with time, they disappear in the search and such. If there is something more "definitive", a page, I don't know, it would be nice.
Nice post!! I think that staking is important to use the platform to, if you don't have any Power(mostly Hive), you can't do commentaries, posts and such.
I see some people, especially in here, who shuns the people who do stake, making diatribes, calling names, and such. Don't get me wrong, I can endure people calling me names, I can call them too, but is weird, bizarre, and annoying to see strange people doing that, and receiving support... but ok, let things be, maybe someday they will be not.
I will stake if I can, I will sell if I need, and let the dogs bark(who let's the dogs out?).
Yes staking is important
But no one is forcing anyone to stake
The purpose of this post was to educate everyone on the benefit of staking
If after reading through, they don't see the need to stake, it is up to them
If they are convnced that there is a need to stake, they go ahead and stake
It is a decentralized system, no one is telling anyone what to do
We just try to eduacate so that everyone can understand the goals, and objecties of the various communties, and then decide how they want to play thieir games
Yes, I know that no one is forcing it, and its nice. But there "influential" people in Hive and other fronts that say that staking is bullshit, and shuns other people that talk about it. I think it's a individual option. If you want, ok, if you don't want, ok too. In the short run, nobody is more or less wise for doing or not doing that.
Yeah.
I am not aware of those discouraging others though, I have come across a lot of people who are encouraging staking
but as you said, it is an individual option.
Thank you
Really? Is that how it works. I thought 50% goes to the author and 50% goes to curators to share.
Anyway, staking gives you skin in the game, and stake on the platform/blockchain. This is ownership. We all need to own things. This is something that has been taken a way from us by the government. People dont own things anymore. They only have license to things and it can be taken away whenever the government sees fit.
Yes really. Pay attention @nonsowrites
When I said, "If your voting value is 20POB". I meant this.
Let's say you have 5000POB staked; you upvote someone's posts, and you look at the amount of upvote the person receives and it is 20POB.
If it is 20POB. You receive half of 20, which is 10POB. Then you vote 10 posts on this value. That will be 10POB multiply by 10 Posts.
And that equals 100POB for you at the end of the day
The picture shows leprechaun gave me 40POB for his vote. He gets half of 40POB, which is 20POB.
But the 40POB he gave me when paying out will deposit 20POB in my wallet according to community rules
It is the same thing you said, you just need to understand the maths, so you can calculate your steps around here. Leaving things to chance isn't really a good move
I really hope that you understand
But if you don't, you can ask more questions
The theory is almost correct, and that is that as you give a 100% vote your power will go down.
At least that's how it happens to me, a practical example.
No 100% vote is close to 1.67 POB,
My first vote at 100% receives that amount, my 2nd vote at 100% decreases and will be approximately 1.62 POB and so on, before my voting power is around 80% my 100% vote only allows me to give a cure close to 1.45 POB.
On average I can do that about 6 or 7 times before I reach the limit of 80% of voting power, this allows me to come back the next day and see my voting power recharged to 100%!
As I am replying to this comment, my voting power has reduced, before now, it was up to 1.1 something but now, it is 0.99 something and it is at 87.3%.
So I will just leave it here and wait for it to recharge before I start curating again.
I was using the 5000POB as an example so that he could understand
Thank you so much @clicmaster for contributing. I appreciate
yes indeed, everything you do within the Hive community subtracts your power, I still don't know the exact proportions.
But I do know that in Leofinance there are people who know very well about it!
Yeah. Neither do I
Well, that means I have to go there to find out more. Thank you for the recommendation
in this case it should have a little more than 5000 pob, if you look @leprechaun has about 30 thousand pob power, about 6 times that number!
In short, having your chips in Stake is one of the smartest decisions you can make in the community!
And I really liked the way you approached the whole issue, it is good to educate newcomers to build a profitable future within the community!
Thank you
The made up numbers on the original post are very misleading to those who are still pondering if they should stake, though...
Really?
Can you explain what you mean so everyone can learn too?
Thank you in advance
I misread. I had understood you were talking about staked POB, not vote values.
You're welcome, belated. ;P
Can also use https://www.hivestats.io for detailed curation reports.
Really??
I will check it out
Thank you for this contribution
Beautiful content! Congratulations.
But it is worth remembering that each time you vote your voting power decreases.
No longer being the same value as before. So in the 10 day vote account in large proportions there is a difference in the account.
Now, if you wait for the vote to return to be 100%, time passes and you would not be able to vote 10x
Either way, the curatorial gains are great.
Now something else.
Stacking Advantage: Long Term
Sell: Short Term
Each lives in different places and in different financial conditions, especially with the pandemic. I see HIVE in general being of great help to many, including me. However, I do both, stack and sell a part so I can pay the bills and continue "surviving" xD
Yes, that is true. I knew there is something I was missing. Thank you for the contribution, sir
This is really true. The essence of this post is not to discourage selling at all. Of course, we all need to see results, tangible results when we work
This post is to educate on the benefit of the long term involved in staking, and why we should not always sell off everything, but stake some, and sell some.
Thanks again
One of the things that’s missing is a part going straight to the rewards stake
Like in HIVE, a part goes to HP. The Cine tribe does something like that. A portion of your reward goes to Power
Ps:
ahahahahahahah XD
Yeah, that is true. I read a post about it a few days ago. The author said it would be necessary if POB introduces that too.
When I'm awake, I don't drop the% less than 95%. However, when I go to sleep, I don't know exactly if I sleep too little or too much, so in order not to risk down to 90%, which will take approximately 12 hours to reach 100%, until then I'm already awake.
Regarding the% of each token, I use my main account to vote on content related to LeoFinance and that of the curator for POB posts, due to the stark difference that the two have
Great move
As it stands, I am guilty of dropping less than 90% And I am seeing the effect it has on my curating ability
That because my 12hours is isn't up, and my fingers are itching because they want to curate some posts
I have learned my lessons though, I will just keep a steady watch over my power % as I curate on a daily basis
Thank you for your contribution, sir
Thank you for your article, as always. I was not aware of the difference in returns between writing and voting on a post. I've seen a difference though on the "when to stop curating" range. It's been either 80% or 90% depending on how often you can curate and how far you're willing to drop your VP.
You are welcome, sir
I am pleased to know that you were already informed about this area
I am happy, your story has changed right from this moment
Thank you for coming around
I prefer to stake my small rewards. I plan to achieve 1000 POB power by the end of June. I should be realistic since my post gets lower votes. However, I keep writing my best content I could do. Blogging is just not about upvote currently though, I feel appreciated when I get upvoted.
In the next posts, I will post in my native language. I hope there will be more Indonesian join POB or hive. I know a lot of young people in Indonesia are social media users but not blockchain-based. By posting in Bahasa Indonesia, the post will be crawled by search engines and some readers will join the hive of POB. I need to enjoy engagement in my native language in this platform when there is more Indonesian join.
Voting is a kind of bonus for my effort to bring the best value as I could in this platform.
Wow, this is really optimistic of you. You can already imagine being able to evangelize the world and bring your brethren to HIve by using the crawling of the search engine. I support you on this initiative sweetheart
You will get there, and I am sure of it. Just put your best effort out there. You will be duly rewarded
I understand how you feel. Interact with more people on the platform, and the results will change. I can assure you
Thank you so much for being here
You touched all the most important things. Staking is really great, I tell you, it's almost too good to be true 😂 I really want to stake a lot, it really hurt me when I have to sell some of the tokens I have.
Lol
Don't worry too much, you will have lots to stake and yes I feel it is too good to be true too
But it is true, and we need to jump on this wagon before the halving begins
Thank you being here, dear
The halving will be in 4 years isn't it?
Yes sweetie