But What about HBD?!

But What about HBD?

Well due to my recent 'viral' (!) posts on visualization of some hive data, people have been asking me, have I counted the HBD saved in the accounts for my analysis. I have. By the way, the word viral is a overkill and a joke at hive, I guess you all know that, I am just being self-critical!

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Generated with AI ∙ August 30, 2024 at 10:44 AM

This whole data investigation and visualization phase of mine reminds me of an incidence happened to me a long time ago in school. I was a big of a problem kid in school (I guess I still am!). In high school physics class, when my teacher was descrbing gravity with equations, I chimed in, did Newton really "invented" gravity? My poor teacher, bless her soul, was stunned by the question. I added, I mean gravity was always there, he just figured out how that stuff works, that is hardly invention, I guess loads of people could have done it! Back then in India, we get spanked by ruler for that! We were grateful for it! Later on in grad school, as I was working on my PhD thesis, one common joke or a sigh was, life was so much better for Newton, if I was born then, it would have been an easy PhD! LOL

I mean, I was thinking that I didn't really do anything new for this hive data visualization. The data is public. I am just visualizing it. I understand that might make a few people uncomfortable but, to that I say, deal with it! :)

OKOK HBD!

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This is again the Top 2500 HP accounts of hive with their held HBD along Y-axis. Yes, I have added the liquid HBD and HBD in savings. Circle size is liquid hive holding, just to demonstrate most accounts, what we call regular poster, do not hold any meaningful liquid hive, at least at this zoom-to-all scale. You can see all the big holders of HBD.

Lazy-panda is the largest holder of HBD (1.98M HBD). The top 11 accounts holding (HBD+HBD Savings). There are total 4,326,393 HBD held in accounts liquid and savings. Lazy-panda holds 46% of the total held in accounts. Conventional authors only hold about 35% of the total HBD held.

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I did simple linear bar chart for a reason. The lopsidedness of the distribution is clear that way.

The scatterplot above shows that there are few accounts that hold more than 10K HBD, and the ones that do are not really regular authors, which was the main premise of my previous analysis

As we zoom into 4K-10K HBD range, we begin to see some of our well known authors. However, they are still far and few.

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Next we will zoom into 0-4000 HBD range.

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There are lot of accounts in this area, but most didn't earn much in author rewards, which is the circle size. We will check the number of post next.

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Nothing significant changed. I'd say most of the authors are not holding a lot of HBD, perhaps because this is a low hive price environment. Most authors try and convert HBD to hive/HP during this time, so that they can get a HP boost as they price rally.

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There you have it, hopefully this helps answer the HBD question.



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Interesting stuff. One quick question, what are the criteria you use for deciding if you tag an account in the chart or not? I'm not saying I want my name blasted out there, but I think some of the critique(?) on your previous posts has been related to people feeling "called out" because their name was added to the chart where others were not. It doesn't really matter one way or the other, I was just curious. I guess I don't have enough name recognition to get tagged on one of those big circles in the 4k to 10k range :) Sorry, just kidding!

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Tags are random! In fact they are based on anti-clustering of the data points. Meaning, the tool tags names where it can place a name without running over other names. So typically it tags outliers in relatively empty area of the data.

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However, I can manually tag a name, like I just did with your name.

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Dang, I thought sure my circle would be bigger than that! I guess it doesn't help that I just pulled out 1000 HBD to buy some more Hive... Like I said, from what I have seen that has been a point of contention for some people, so it might be helpful to point that out in the future. Or not, it's your post after all!

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Your circle size is proportional to the number of posts you generated.

I understand the 'point of contention' however that comes from ignorance. I think you can appreciate I am not sitting here on my computer adding individual names to my liking!! LOL That would take hours!

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That does make a lot of sense, on both matters! Thanks for the information!

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Crikey. One account absolutely reaping in all that interest. That can't be good!!

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Well well, we are decentralized. I guess we can all buy HBD and put in savings!

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I guess we can! I had a stash but sold it for Hive when we went sub 20 cents. Will build up for more future like shenanigans! If you cant beat em... :OD

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yep, join them!

I would be a net seller of HBD now. Obviously. Will buy HBD when hive above 50 cents!

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That was the trick before when we were roundabout a dollar! You have to be canny about these things!

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I've only been saving my HBD for a few months, but I enjoy keeping half HP and half HBD. I understand your point about swapping in and out of HBD to take advantage of perceived overvalued or undervalued Hive. But that just seems like buys work to me. Just going to continue to DCA into HP & HBD as provided to me by my author and curation rewards!

No more selling for SPL assets though. I'm keeping my Hive rewards as Hive or HBD!

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yeah generally sticking to a plan a good idea, whatever that plan might me.

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I had a fair bit of HBD at one point but I ended up selling to take some gains in case something should ever happen to the chain and also to diversify in crypto a little. It is nice that Hive has two tokens, each with their own benefits.

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it is nice to have two tokens, a stable coin and a governance token. What I wonder and fail to understand, if USD or GBP or EUR gives you 15% yearly, most people would stand in a line to offer a deposit, yet they wouldn't do for HDB, eh?

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It's true. I think there is more uncertainty when it comes to crypto and more difficulties. For me I've never actually converted back to fiat and I have a (probably) irrational fear about it.

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Most authors try and convert HBD to hive/HP during this time, so that they can get a HP boost as they price rally.

This is what I have been doing. I took what I had in savings out and bought - a bit too soon, but still :)

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I am doing the same that you are doing.

Plus I buy SL cards with all my hive earnings! Everything is getting expensive, and I am told that is my design.

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Sold all my HBD for Hive power up. Too good to miss. Now I only have 10 left for inleo.

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Wow, lazy panda's dominance in the HBD department really shines through in your visualization. But it is interesting to see that they still have a lot of HP staked as well. I wonder if this is one of the reasons why the HBD APR has been lowered; not a lot of accounts using it and a big group reaping a lot of rewards.

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This is not the reason for the APR lowering. APR is realated to hive's overall curation return

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Seems like someone is getting close to be able to do a 51% attack 😁 imagine the power

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HBD is not hive. Holding HBD doesn't give you any governance power. There is not threat of any 51% attack.

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Timing is off-the-charts.

Only a few hours before you released this, I initiated an unstake. I benefited nicely from 20% for a long time, 15 is still unheard of. But it's buy back time.

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I prefer a bit higher hive price that will help the ecosystem

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Thanks for this info and massive thanks for the Ecency support! You definitely made my day!

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I appreciate Melinda, and many thanks for the kind words.

We interacted multiple times in the past, and I appreciate what you and Ecency does for the hive blockchain.

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I wish more were like you! Ecency Proposal has fallen below the return proposal and we need funds to allow devs to provide improvements and new features.

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(Edited)

Well you are from Wisconsin! You start lobbying. It is not too much of a vote difference... I can help you.

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We are lobbying hard. Voting matters! We do know that in Wisconsin. 😁

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I do hope people from your state votes! Especially the young ones.

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The entire country should be involved in this election. It is an important one!

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Man... I am so dumb sometimes... I totally understand this post right now and brother, let me tell you that was quite the Eureka! moment!!

Thank you for the previous "viral" post - and this one!!

I am about to cash in on some HBD -> Hive lol

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Hive power up has a large adoption among many hive users in the game
Thank you for sharing this impressive hive report
#freecompliments
Regards

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