Hivebits (HBIT) is a token on Hive-Engine, a sidechain to the Hive blockchain. HBIT is about slowly getting little bits of Hive. It began 01/01/2022. Starting 09/10/2022, HBIT integrated with @Wusang for the Wusang: Isle of Blaq game. The only things that changed are that:
- now you must reply to your own post or comment
- you might get a bonus treasure token
@Hivebits blends Hive's blockchain with the ethos of Bitcoin.
- It runs and lives on Hive and on Hive's "layer 2" sidechain, Hive-Engine.
- It is like Bitcoin in that it's released by mining and there are 21 million max, split down to 8 decimals.
Bitcoin is mined by effort, by "proof-of-work". Similarly, HBIT is mined by effort, call it "proof-of-comment". HBIT can be "mined" simply by commenting anywhere on the Hive blockchain (except to this source account of @hivebits) by typing one of the HBIT commands:
$HBIT. Any of these will work.
Note: the "!" command must include 3 or fewer "!" command, else your HBIT will be skipped.
You might wish to make your own "HBIT-Wusang post" dedicated to mining Hivebits and searching for Wusang tokens. You could reply to that post each day. Your mined tokens will show up in your Hive-Engine wallet.
Understand, the intent is one HBIT per person per day, not one HBIT per username per day. No farming with alt names. Remember, everything on a public blockchain is public and visible. I don't wish to block anyone, so please do not abuse HBIT.
To mine HBIT, only two things are required:
- A Hive account. (Need one? See below.)
- You must comment/reply on the Hive blockchain to one of your own posts or comments with one of the following commands:
!wusangalong with anything else you wish to say.
A few rules:
- One per day (more won't go through)
- You must reply to one of your own posts or comments. The reason for this is to help avoid spamming others.
- Don't include another "!" command in your reply (HBIT won't go through)
When mining Hivebits/HBIT...
- You will receive 1.0 HBIT in your Hive-Engine wallet
- You might find a bonus treasure token, such as BLAQ. See @wusang for details on these bonus tokens.
If you don't have a Hive account already, it's easy. You can use my referral link at https://hiveonboard.com?ref=crrdlx and I will support you as you start out. Or, go to the main Hive.io site to learn about Hive or sign up using one of the options.
- Max supply: 21 million
- Decimal precision: 8
I started the @LUVshares project as a comment-based tip/engagement/appreciation token with the intent of sharing love with others on the Hive chain. It seems to have been well-received. In time, it became clear that some users were issuing LUV to themselves using alternate accounts. They were self-tipping. Although the engagement is appreciated, LUV's goal is to give to others.
Enter HBIT. Here, a Hive user can mine for one's self. This is actually the exact intent of Hivebits: Your effort, your reward.
It's worth noting: within a 24 hour period, the intent for HBIT mining is per-person, not per-username. If users are suspected of abusing this, they'll be contacted and possibly blocked.
How it works
HBIT is a comment-based token similar to others on Hive, like LUV. However, HBIT works differently...
- Tip/engagement tokens such as LUV award a token to the person being replied to in the comment. LUV is a comment-tip token because the repliee gets the token.
- HBIT awards 90% of the token to the person typing the command
!HBIT(or another HBIT command), and only 10% the person being replied to. HBIT is a comment-mine token because the replier gets most of the token.
The replier/miner can get 100% simply by replying to himself or herself. Don't feel selfish if you do this...this is the original intent of HBIT. Your effort, your reward.
!HBIT (or another HBIT command) command should work anywhere on Hive EXCEPT in response to the @hivebits account. If you wish to test or mine HBIT, I (@crrdlx) set up the @hivebits.mine account just for this purpose. Respond there with the code and it should work. Realize, the response saying, "You got HBIT" is sometimes turned off to conserve Resource Credits (RCs). You still got HBIT.
If you are in the top 25 of HBIT holders, you're a Hivebits whale.
Check the HBIT richlist at https://he.dtools.dev/richlist/HBIT or at https://hive-engine.rocks/tokens/hbit/richlist
And as a whale...you should have a PeakD badge on your profile. If not, reach out to @crrdlx and that'll happen.
If you're wondering, "Where's my HBIT?", you can monitor your HBIT status in your H-E wallet, using an H-E explorer (option A or option B), or by viewing the hbit-log on Discord (best for real-time).
When HBIT notifications are turned on a confirmation reply is received essentially saying, "You got HBIT." The person you are replying to also gets notified by your comment. Please be mindful to not spam other users. A Hivebits command in response to another person should be part of a genuine response, or with someone whom you connect regularly. They will get a small bit of HBIT which might be considered a "royalty" for writing the post that's being replied to. Still, remember that they did not ask for this and remember that they will get a ping notification. Please be mindful of this.
You may eventually wish to make your own post/page dedicated specifically for HBIT mining. For instance, you might make something like a post called, "My HBIT mine". There, you could comment and earn 100% of the HBIT without anyone else receiving notifications.
HBIT is all about slow-and-steady persistence. It's about getting on chain, exerting a little effort, then gaining little bits of Hive. Like your morning coffee...daily Hivebits, daily HBIT.
Value and use
"What's it worth?", you ask. I don't know. The value of HBIT will be determined by the open-and-free market. That's how value works.
The market is at https://hive-engine.com/trade/HBIT I also made some value checker tools to help answer questions like, "How much is it worth right now?"
Hivebits started Jan. 1, 2022 with a "fair launch." By this, I mean that everyone started out with zero HBIT and everyone will have the same opportunity to earn HBIT via mining. See details on the HBIT introduction post.
There are only three ways HBIT can be obtained: (a) mine it, or (b) receive it as a gift after someone else has mined it, or (c) buy it on the open market after someone else has mined it. The @Hivebits account will not sell or give HBIT. The account exists solely to distribute the token. Thus, behind every HBIT, or small bit of HBIT, there has been someone's conscious effort and activity on the Hive blockchain. If nothing else, HBIT is backed by this fact.
Once in users' wallets, HBIT can be held, given, or sold. "Price discovery" on the market will reveal the HBIT value.
Possible use-cases for HBIT are:
- Activity. HBIT encourages users to go beyond reading/scrolling and to engage.
- Attract. The sheer simplicity of mining HBIT may be attractive to new users because it is a very easy way to gain a token. Why not reach out on other social media, or even better, personally invite a friend right now to join Hive?
- Fun. Doing something and getting a quick reward is fun. Also, some sort of randomization in mining may come in the future. Imagine opening an oyster, sometimes there's nothing inside, but sometimes there's a pearl! Either way, checking the oyster is always fun.
- Learn. HBIT would be a great way to learn about trading. It is easy to earn HBIT and it can easily be traded on the H-E market. For anyone who may not feel comfortable with buy orders and sell orders, reading candlestick charts, market depths and volumes, etc., HBIT offers a simple way to practice and learn with very little risk involved.
- Spend. Perhaps in the future users could pay-with-HBIT using tools like HivePay. I'd love to see a sale where HBIT is the medium-of-exchange...and HBIT "Pizza Day" event.
- Other. Perhaps use cases will emerge. Perhaps Hive users will have ideas (I'd like to hear). Perhaps Hive users will build use cases on their own.
- Earn. You'll earn HBIT when you mine. The name "Hivebits" suggests little "bits of Hive". The name can also suggest Hive-to-Bitcoin, actual HIVE-to-BTC by leap-frogging along. It's a process, but it could work as follows:
You mine HBIT. On the Hive-Engine market, you sell HBIT to gain SWAP.HIVE You withdraw the SWAP.HIVE to get HIVE. On a market with a HIVE/BTC pairing, you sell HIVE to gain BTC. It would be very small, but boom!...HBIT-to-BTC. Hive-to-Bitcoin.
Issuance/minting and emission: see the HBIT introduction post. But, the bottom line: HBIT is released only when a Hive user consciously mines it with the command...every HBIT is backed by someone's effort.
A disclaimer: there are no guarantees with HBIT in any way. Consider this entertainment. Regarding the bot, I'll try to keep it running, however I'm sure there will be down times. Also, my primary focus will be to maintain LUV.
Follow this account and/or join the Discord at https://discord.gg/K5GvNhcPqR to keep up.
HBIT is a token on the Hive-Engine sidechain to Hive. Users on the Hive blockchain can mine HBIT daily simply by commenting with the command:
written by @crrdlx
Hivebits (LUVshares) Discord: https://discord.gg/K5GvNhcPqR
Hivebits creator: @crrdlx
Not on Hive yet? The top benefits of the Hive blockchain:
- YOU control your account. Another person, group, or corporation cannot censor/block/ban or de-platform you at their whim.
- YOU own your content and YOU earn the rewards that YOUR content generates. Ask yourself, "Who earns when I post great content on the old social media outlets?"
Consider using my referral link to get your free Hive account here and I'llsupport you as you start. Alternately, go to https://signup.hive.io/ and choose an option.
It's never even occurred to me to give this sort of token to myself, but then I never self-vote these days. What I love about Hive is the ability to reward others, but I'll take the Hivebits thanks. It seems like a fun thing and we will just see if it gains much value.
That's kind of the whole point on this one...what makes it different. Still, I like your give-to-others mentality!
View or trade
Hey @hivebits, here is a little bit of
BEERfrom @steevc for you. Enjoy it!
Learn how to earn FREE BEER each day by staking your
Let's hope for a great future for the HBITs! Given the strange incentive system, the experiment and community building strategy will be interesting. I cannot wait to see how it evolves.
I will probably create my own post to mine myself, but so far I enjoy the idea of donating a 10% to the project so far, that I want to combine with using it to tip some other people posts.
Yes, the incentive system is different which is kind of the whole point. Should be fun going forward.
!hivebits isn’t working for me sometimes. Like this morning. It’s been 5 hours and nothing.
Just remember !hivebits command can only be used once a day!
Yeah, but it doesn’t seem to work sometimes.
!hivebits maybe can only work on certain types of posts? Or just the bot can’t keep up you think?
Like @thatgermandude mentione; when RC is low, you will not receive the graphical notification. But you should receive your hivebits. Also... the command does not work on this, the main accounts blog page ✌
sometimes replies are turned off due to RC, you should still get your hivebits though
The thing is that when resource credits get low, I turn off the notification. This makes it look like nothing is happening, but it is. You can always check yours at on an explorer or on the Discord. I see yours seems to have gone through: https://he.dtools.dev/@amyx?symbol=HBIT
Congratulations @hivebits! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 300 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!
Trying it out: !hivebits !PIZZA for the new discovery!
Glad you're here! One thing though...it doesn't work in response to thus account (@hivebits) because it's the source account. Try it in response to any other, or your own,or the official HBIT mine @hivebits.mine and it should work. :)
!hivebits You should get 0.1 HBIT in your h-e wallet because I replied to you.
PIZZA Holders sent $PIZZA tips in this post's comments:
jakkal tipped hivebits (x1)
rzc24-nftbbg tipped hivebits (x1)
itharagaian tipped hivebits (x1)
@gattafabianorecz(2/5) tipped @hivebits (x1)
You can now send $PIZZA tips in Discord via tip.cc!
Uh oh! The command won't work in response to the hivebits account (the HBIT source account). Try any other, such as the official mining account at @hivebits.mine and it should work. :)
If anyone wants a page to mine on, I have set one up here. Feel free to use it or this comment, I won't mind if I get notifications. !LOLZ
They were Polo opposites.
@hivebits, I sent you an $LOLZ on behalf of @magicbeans
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/8)
Great! Thanks for this post clarifying about HBIT. This will be my fourth tipping token. 😆
Super. I (@crrdlx) just did my daily hivebits on one of your posts, so you also got .1 HBIT.
Yes, I got it! Though I didn't received notification, but I saw it in my Hive Engine wallet. I !LUV this new member in my tipping team. 😂
@rzc24-nftbbg(1/1) gave you LUV. H-E tools | connect | <><
Given the current emission rate of LUV pushing 500/day, increases to required LUV levels will likely be forthcoming.
Yes, notifications are currently off while Resource Credits build. They'll be turned on soon (for a while).
This is not a complaint or anything, just would like to be informed :)
I see, nowhere, any restriction other than once a day.
Some of my community members, me included do not receive the hbits when they use the !hivebits.
Any reason you want to share so we can inform our users?
We know it's blocked, we tested several days in a row. We just don't know why, as our users followed the rules.
didn't get the 0.1 either, see ... :)
(tu as eu tes 0.9 toi nopa??)
As-tu plusieurs comptes ou pas?
Have multiaccounts or not for yourself?
Hi, I understand you'd like to know what's going on. The short answer is, yes, you're currently blocked. As to why, there was a recent rash of misuse. The rule is one per day per person (the bot only allows for that). There must have been a reason that your username popped up, but I (@crrdlx) really don't recall specifically.
It's possible your usernames were included in the mix, rightly or wrongly. Could you list your community members here. I could give a double check and we could go from there.
I did not know the one per person... I guess you probably do not mean one per ACCOUNT, but one per IP. I know the problem then...
But, in many cases nowadays thinking that IP = 1 account is not more correct. Many forget about IP sharing, buildings or simply families, colleagues in offices , elders residencies and more.
No need to change anything for me, but several members are one person only in their vicinity so should not be in the list, and the list of people in my community = list of people in @hive-143869 cannot list them all.
Thank you for your answer.
And to all devs : It's 2020+, several people per IP is common now (dad, son, wife, etc...) . IP address is not KYC :)
Hi again. Yes, it's one HBIT per person, not one per account or username. No, it has nothing to do with IP addresses or shared wifi or whatever. We just try to connect the dots. We had a rash of abuse recently and you may have simply been in the wrong place at the wrong time.
I have unblocked you from HBIT and LUV, feel free to use either. :)
Bear in mind the reply for LUV is currently off (to recharge Resource Credits) so don't be discouraged if it appears that nothing happened. Just check your wallet or other tools listed on the About page or at https://he.dtools.dev/@itharagaian Also, realize that HBIT replies come-and-go as RCs allow it.
Hivebits blends Hive's blockchain and Bitcoin's ethos. Your effort = your reward. Mine HBIT simply with ! hivebits (no space) or ! HBIT (no space), 1-per-day. Success! You mined .9 HBIT and the user you replied to received .1 HBIT on your behalf. You can receive 100% of the HBIT by replying to one of your own posts or comments. Or, support Hivebits at the official HBIT mine | your wallet | market | tools | connect | <><
Confirmation replies are currently on, but they'll go off when Resource Credits (RCs) get low. Your hivebits command will still go through and you'll get your HBIT.
Thank you will tell my wife @florenceboens that she might have been impacted as i was obviously blocked on LUV too...
RC issue yeah I noticed that no problem.
@florenceboens wasn't blocked. Should work fine.
Thank you for your work/Gracias por tu trabajo
Just so you know, using the command here in reply to the source @hivebits account won't work, sorry. Any other account will. The recommendation is to use the official HBIT mine at @hivebits.mine 🙂
Hi, the command won't work here in reply to this account (@hivebits is the source account). Reply to any other account, like the official HBIT mine @hivebits.mine, or even to one of your own posts/replies to receive 100% of the HBIT.
You're welcome, but just so you know, the command won't work in response to this account (it's the source account). Try the official mine @hivebits.mine or any other account and it will work.
Watch out for the human traffickers at hivefest. You wont know it until its too late. STAY AWAY! Beware, traffickers can be women or men! They will act nice until they dont. There is human trafficking going on around this type of crypto. I have witnessed it. They literally have attempted my murder and are trying to kill me with V2K and RNM. Five years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism ..... https://ecency.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem if you run into one of them you may want to immediately shoot them in the face. 187, annihilate, asphyxiate, assassinate, behead, bleed, bludgeon, boil, bomb, bone, burn, bury, butcher, cap, casket, choke, chop, club, crucify, crush, curb, decapitate, decimate, deflesh, demolish, destroy, devein, disembowel, dismember, drown, electrocute, eliminate, end, euthanize, eviscerate, execute, explode, exterminate, extinguish, finish, fry, grind, guillotine, gut, hack, hang, hit, ice, implode, incinerate, kill, liquidate, lynch, massacre, maul, microwave, mutilate, neutralize, obliterate, off, pop, poison, punnish, quarter, ruin, shank, shock, shoot, shred, skin, slay, slaughter, smoke, smother, snipe, snuff, squish, stab, strangle, stone, suffocate, suicide, SWAT, swing, terminate, torture, terrorize, whack, waste, wreck. You better fucking kill me.
Hi @trentonlundy1 you tried to mine HBIT here, but this is the only account with which it doesn't work (it's the source account). Try replying to the official mine @hivebits.mine or any other account, even your own, and it'll work.
Hi, sorry, the command doesn't work in response to this account (it's the source account). Try the official mine @hivebits.mine or any other other account, or even your own. It'll work.
reaching out to @crrdlx
I've accumulated enough to be in the top 10 😁
please, could you assign the whale batch?
You've been badged! 🙂
Oops, you need to use the command in reply to one of your own posts or comments and then it will work.
@kaseldz, @hivebits(1/1) sent you LUV. | tools | discord | community | HiveWiki | <>< daily
Hi, the HBIT command only works when you reply to yourself.