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Hive Middle Class Developing by taskmaster4450

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· @taskmaster4450 ·
$33.26
Hive Middle Class Developing

It is easy to focus upon the [whales](https://inleo.io/@leoglossary/leoglossary-whale) while ignoring the power that is present in one's hands.


This appears to be a [human](https://inleo.io/@leoglossary/leoglossary-human) tendency that extends past Hive.  However, for [years](https://inleo.io/@leoglossary/leoglossary-year), many maintained that, due to the design of Hive, a powerful middle class could form.  


Most [blockchains](https://inleo.io/@leoglossary/blockchain) offer a couple ways of earning the [coin](https://inleo.io/@leoglossary/leoglossary-coins).  This comes from providing [infrastructure](https://inleo.io/@leoglossary/leoglossary-infrastructure-computer) in the form of a [block](https://inleo.io/@leoglossary/leoglossary-block) [validator](https://inleo.io/@leoglossary/leoglossary-validator) or through [purchase](https://inleo.io/@leoglossary/purchase).  For much of the [world](https://inleo.io/@leoglossary/leoglossary-world), neither of these is very feasible.


What about Hive?


There are a couple additional [options](https://inleo.io/@leoglossary/leoglossary-options) that separate it from most.  The first is through author rewards.  New HIVE is distributed to users based upon the [votes](https://inleo.io/@leoglossary/leoglossary-vote-hive) they receive.  Here is where people without resources can accumulate some of the [base layer](https://inleo.io/@leoglossary/leoglossary-base-layer-blockchain) coin.


At the same [time](https://inleo.io/@leoglossary/leoglossary-time), as that is staked, the potential for [curation rewards](https://inleo.io/@leoglossary/leoglossary-curation-reward-hive) enters.  Here is where one can compound the holdings, simply through daily activity.


# Hive Middle Class


When it comes to category distinction, we can consider the middle class to be Orcas and Dolphins.  These achieved at roughly the 5,750 and 57,500 HP levels.


Here is where the goal is to have widespread distribution.  As more people enter these realms, and more HP is held in those [wallet](https://inleo.io/@leoglossary/leoglossary-wallet), system resiliency increases.


Naturally, this is not a process that happens over night but thousands of active people has an impact over time.


Here is a thread that was posted yesterday.


https://inleo.io/threads/view/nonameslefttouse/re-leothreads-2ja2szhqx


The total [Hive Power](https://inleo.io/@leoglossary/leoglossary-hive-power-hp) of these [accounts](https://inleo.io/@leoglossary/leoglossary-account) is 64 million.  That is a healthy amount and, as shown enough to get things done.


Mentioning the [proposal](https://inleo.io/@leoglossary/leoglossary-proposal-hive) is valid.  The return proposal level, at this moment, is 27 million.  The means Orcas and Dolphins could pass whatever they wanted.


Another way of looking at it is the middle class could, collectively, put the return proposal at a level where nothing gets funded (at the present voting).


Thus, it is a mistake to think there is no [power](https://inleo.io/@leoglossary/leoglossary-power) there.


## Witnesses


Most are aware of the [role](https://inleo.io/@leoglossary/leoglossary-role) witnesses play.  Here is where the assertion of "whale control" enters.  Certainly, having whale votes does help.


However, once again, it is not as cut and dry as one thinks.


According to Peakd, the #20 witness, the last in [consensus](https://inleo.io/@leoglossary/leoglossary-consensus), has 66 million votes.  This means the "middle class" could vote a witness to the #21 or #22 spot on their own.  


What is very interesting is the top witness has 83 million in votes.


At this point, the middle class is on the outside looking in.  Of course, in the real world, no witness is not going to get at least a few whale votes if it is nearing consensus.  We also have to account for those below 5K HP.  Their votes add up also.


The flip side to this is the middle class is not that far away from really being able to, collectively, control things.


While another 22 million [sounds](https://inleo.io/@leoglossary/leoglossary-sound) like a lot, there is a pathway if focused.


## Percentage Gain


Another thing I wrote about over the years is the ability for smaller accounts to massive increase their influence.


The tendency is to look at the raw numbers.  Instead, a better approach is to look at percentages.


If an account has 10K HP, adding 2K, or less than 6 HP per [day](https://inleo.io/@leoglossary/leoglossary-day), is a 20% gain in a year.  Here is where the middle class can expand its influence.


Considering that [curation](https://inleo.io/@leoglossary/leoglossary-curation-content) and [inflation](https://inleo.io/@leoglossary/leoglossary-inflation) adjustment come in near 11%, this means the only needs around 900 HP, or less than 3 per day, from online activity (posting and commenting).


To contrast, Blocktrades, with roughly 12 million HP, needs to generate over 1 million from the same activity.  It isn't going to happen.


The situation gets even crazier when we talk about the Minnows but, for now, we are focusing upon the middle class.


Another piece of the puzzle is to get more people entering the middle class as opposed to leaving it.  If there are more accounts, the numbers only go higher.


For this reason, those with 400 HP should look to get to 1K; those with 2,500 to move to 5,500.  


As more people are working up the scale, the total impact, over time, shifts.


## Long-Term Focus


Here is a chart that is a bit dated but it shows the breakdown into each category.


 https://img.inleo.io/DQma1zCQHwX1aNZ4xntT8DJL1yEDFBwLbjToy64tpT5rNvK/image.png 


[Source](https://peakd.com/hive-133987/@arcange/hive-statistics-20240131-en)


There are roughly 2,000 accounts in the middle class.  


Looking at the chart, which goes back to Feb 1st, from a MVest perspective, we can see the middle class plus the Minnows have almost as much HP as the whales.




 https://img.inleo.io/DQmUtKVXFaFLgmM8pv5fs9yG59hx2J7aRZU13EpfLWPjPyY/image.png 


Again, going back to the ability to gain influence, the smaller accounts can increase their position to a larger degree.


The key is to have a long-term focus with one's account.


If you are a smaller account, say 1K HP, what are you going to do to triple your account and get to 3K HP this year?  How would you like to start Next year with 3K, then build from there?


That is the ownership mindset.  Treat your account like a [business](https://inleo.io/@leoglossary/leoglossary-business).  If we view each coin as [digital](https://inleo.io/@leoglossary/leoglossary-digital) [real estate](https://inleo.io/@leoglossary/leoglossary-real-estate), are you expanding your empire by amassing more.


The potential impact on one's [wealth](https://inleo.io/@leoglossary/leoglossary-wealth) is obvious.  What also should be clear is the effect on the [ecosystem](https://inleo.io/@leoglossary/leoglossary-ecosystem-digital).  Each time a smaller account increases its influence by an outsized percentage, i.e. g reater than what the larger accounts can do, it adds more resiliency to the [ecosystem](https://inleo.io/@leoglossary/leoglossary-ecosystem).


Here is where we see Hive's middle class developing.


____


<center> [What Is Hive](https://inleo.io/@leoglossary/leoglossary-what-is-hive) </center>


Posted Using [InLeo Alpha](https://inleo.io/@taskmaster4450/hive-middle-class-developing)
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vote details (851)
@allentaylor ·
$0.21
While interesting, it's difficult to know exactly where the middle class is on Hive, especially since these numbers are outdated. My guess is that the middle class is just as stagnant as the platform itself. As @findingfreedom says, the whale accounts will grow faster than the orca and dolphin accounts, but how many of those middle class accounts are actually active? That's an excellent question.
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@taskmaster4450le ·
The evidence would suggest otherwise although stagnant is a relative term.

πŸ‘  
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@allentaylor ·
Fair enough.
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@alonicus ·
$0.21
This is one of those excellent thought-provoking posts that I like  πŸ˜€ 

A couple of observations;

First, that the Hive "Middle Class" is a diverse group, so it's unlikely you'll ever see any kind of block vote. Personally, I regard that as a good thing, because although it's less dramatic, it reflects the healthily diverse spread of Hivers. 

Second, is that I believe we really, really need to focus earnings away from whales and onto the middle and lower class of Hivers. Right now, curation and author rewards are pleasant but not earth-shaking. The real earnings are going to the top 20 witnesses and developers scooping up DHF funding (often the same people). I'd love to see witness rewards taper down more slowly, so there's less of a sharp cut-off between #20 and #21. I also firmly believe DHF proposals should be scrutinised more carefully, with business cases that identify what the funds are spent on in detail, what success looks like, and how (in layman's terms) the proposal benefits Hive.

I recognise the great work that witnesses and developers do, but there needs to be closer scrutiny and accountability to ensure good cost control. Funds saved that way could then help the middle class grow, which in turn would hopefully help attract new users.
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vote details (5)
@taskmaster4450le ·
People need to take accountability for what goes on.  There are ways to increase one's influence on Hive.
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@antisocialist ·
$0.12
I've followed most of the largest curators and they are mostly voting dumpers.
IF you know someone that isn't voting stake to people that drop it like it's hot, please let me know, I'd like to follow them.

As for the folks dumping what 'we' give them, they don't know what they are giving away for pennies.
It's up to us to not cut our own throats by voting stake to them.
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vote details (9)
@taskmaster4450le ·
$0.12
Hindsight is always 20/20/
πŸ‘  ,
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vote details (2)
@antisocialist ·
I think we can pretty accurately predict the outcome of voting stake to dumpers.

Imagine how much faster control would shift from the ninjaminers to the community if the (mostly) ninjaminers weren't taking 50% of the pool day after day and voting it to people that sell it back to them for pennies just as quick as they get it.

IF 'the whales' were interested in transferring control from their few hands to the hands of the many, they would observe a 1000mv vote cap on the pool.
Doing so lowers the height of the hurdle for new investors from having to buy millions of hive, just to gain parity, to 580,000.
A much lower entrance fee.
A much lower dilution rate by the ninjamine.

But, even were 'they' to do that, there is another hill to climb on the horizon and that is the ~30% of hive on the exchanges, not hard to figure out who is holding that.
Certainly not the people dumping hive as fast as it gets voted to them.
Were a large fraction of that hive be powered up, we would be back to where we are now.
No telling how many years it will take to overcome that obstacle to 'community' control.

We could still be at 8usd if folks stopped selling for less.
But, '*It's my money and I need it now!* '
Smdh.
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@asif7 ·
$0.21
Adding 5 HP is a far cry when the ecosystem doesn’t support those who have been continuously trying to build their account and helping to keep pace with a community. 

I have been speaking about to enrich other community rather than Leofinance, but it seems to be less than normal rewarding pool to have that is happening. Whales are busy to vote for a few, and even in Hive - there are massive practices of downvoting and sometimes auto-downvoting without any reason to do so. 

Blockchain still has its flows nonetheless, but still hope is there and wait for long time to grow,yet the race is a long time to be achieved. 

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vote details (6)
@bigtakosensei ·
$0.20
Nice! Im currently sitting at 5,570. I was looking for the hp or vet levels to reach Dolphin status the other day and couldn’t find it easy enough on hivebuzz.me or hivestats.io. I’m still super excited about reaching Dolphin status this year. 

Having that 5,750 HP in mind give me a nice target to shoot for…

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vote details (6)
@taskmaster4450le ·
Another Dolphin in the making.  Keep growing your HP.  Increase the activity and you will likely get there faster.
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@bitcoinflood ·
$0.21
But don't forget those whales continue to stack like crazy. The curation rewards and general APR at those levels of hive will take a lot of those middle class people to set it off. However we are seeing more people involved and some more generation of wealth spreading out which is always a good thing.
πŸ‘  , , , ,
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vote details (5)
@taskmaster4450le ·
Yeah although when one whale dumps a million HP on the market, that is a huge shift, depending upon who purchases it.

You hit the nail on the head.  People need to be involved.
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@blanchy ·
$0.02
It is a promising post that the middle class is growing because it needs to and fast because in my opinion this ship is going down. The only posts that are being read are the controversial ones. The whales are taking the mick with the DHF fund. Valueplan case and point. There is 0 marketing. I don't count buying a rally car as marketing by the way or a bunch of lads jumping around on poles with a couple of Hive tshirts getting 250k per year in HBD. But where is the end game here? If Hive was going to get popular as a use case it would have done so by now. The platform has to move into a gaming platform like Ronin to survive but the ship is rudderless and EVM doesn't look to be coming. Splinterlands are proposing working on the DAO validators which means it could operate on its own chain and ultimately leave Hive. So some accounts may have the 100K plus and great effort put in like yourself but I don't see a happy ending here. The whales will syphon funds out until the price goes to nothing and the people that will be left with worthless tokens will be the middle class. We will fork again and start fresh with the mistakes we made from Hive.  Those who post for the joy and the love of it. I made the decision not to have more than 5k in my HP as I do think we will be burnt in the long term and there are other projects on Hive that I can throw my rewards into , Leofinance being one of them that have a more promising future I think.  
πŸ‘  
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vote details (1)
@blkchn ·
good perspective. Thanks.
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@davedickeyyall ·
$0.24
Average Joe for Dictator!!!

![untitled.gif](https://media.tenor.com/viu-ERqdBEwAAAAC/dodgeball-smile.gif)
πŸ‘  , , , , , , , , ,
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vote details (10)
@discovery-it ·
<div class="pull-left">https://cdn.steemitimages.com/DQmTAn3c753LR7bHCLPo96g9UvRMaPFwaMYn8VQZa85xczC/discovery_logo_colore%20-%20Copia.png</div><br> This post was shared and voted inside the discord by the curators team of <a href="https://discord.gg/cMMp943"> discovery-it</a> <br>Join our <a href = "https://hive.blog/trending/hive-193212"> Community</a> and follow our <a href = "https://hive.vote/dash.php?i=1&trail=discovery-it">Curation Trail</a><br>Discovery-it is also a Witness, vote for us <a href = "https://hivesigner.com/sign/account-witness-vote?witness=discovery-it&approve=true"> here</a>  <br>Delegate to us for passive income. Check our <a href = "https://hive.blog/hive-193212/@discovery-it/delegations-program-80-fee-back"> 80% fee-back Program</a> <hr>
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@findingfreedom ·
$0.25
I doubt those numbers are meaningful in any way. How much of that middle class are active beyond auto voting? Answer- much less than the total.

Also, as long as the Whales use 100% of their voting power daily their accounts will continue to grow faster than the average 20 accounts in the middle class consistently. (This is an educated assumption, not actual. It could be higher or lower)

If Hive doesn't bring in more active users and retain its current users< which it's not, then all this is just smoke and mirrors and doesn't represent what's actually going on. The economics is flawed and is the reason Hive has long stagnated with no end in sight.

Years of hopium has blinded the builders and they are not making the changes that Web2 users need to see. Also, the average user will never band together long enough to make a real difference. It takes Justin Sun level events for that to happen and is never sustained.

You @taskmaster4450 have made your place here selling hopium, but little of it has actually materialized. So, hopium only sells to those already here and active, but not to prospective users outside of the platform, unfortunately. 

It must be nice earning a nice selling hot air. You would be a leader if you concentrated on making what Hive needs happen, rather just trying to rally the troops to do their part. They won't unless they have an example to follow and words aren't actions.
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vote details (7)
@cryptoandcoffee ·
I disagree with this view point. I grew from 0 over a 6 year period and have over 114K HP and believe I can get to whale status within the next 6 years possibly. If you are active and consistent this is up to you. No one said this was easy and even more reason to work even harder because anyone wanting to achieve anything in life has to put the time in to reap any rewards.
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@findingfreedom ·
$0.29
And you are representative of the average potential user? Not likely, you need to look way outside of yourself for this one...
πŸ‘  , , , , , ,
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vote details (7)
@taskmaster4450le ·
Nothing more than excuses.  Very typical when handed an opportunity.

Is Hive perfect?  No.  There are a lot of flaws and things missing.  However, like most opportunities, it is missed.

>You @taskmaster4450 have made your place here selling hopium,

Nonsense.  My success is due to taking advantage of the opportunity by actually being active.  You want success, post more content.  It is that simple.  Few write more post, do more videos, leave more comments/threads than I.  It is really that simple.  

>If Hive doesn't bring in more active users

There are a lot more network effects other than users.  This is only scratching the surface.

> You would be a leader if you concentrated on making what Hive needs happen, rather just trying to rally the troops to do their part. 

A lack of understanding of network effects and ownership.  The troops are the ones who own this place.  There are also other layers where an increase in activity have impact.



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@findingfreedom ·
Lol, your posts posts mostly create a potential vision, but that vision falls short of what Hive needs to succeed... Read my other reply to you. It should be its own blog post, but I'm not interested in the near valueless grocery store rewards points distributed here. Understand that and understand why the masses brush Hive aside when it's presented to them. 
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@gunting ·
The chart you show looks very interesting and I know exactly where I am right now
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@libertycrypto27 ·
$0.21
Interesting data and analysis about distribution of Hive Power!
In five years on Hive I have worked hard to increase my Hive Power and in 2-3 months I should finally increase the number of orcas :) but I will not stop even if becoming a whale will take years ;)
!discovery 20
@tipu curate
πŸ‘  , , , ,
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vote details (5)
@tipu ·
<a href="https://tipu.online/hive_curator?libertycrypto27" target="_blank">Upvoted  &#128076;</a> (Mana: 40/50) <a href="https://peakd.com/hive/@reward.app/reward-app-quick-guide-updated" target="_blank">Liquid rewards</a>.
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@manniman ·
$0.21
Very interesting post, "According to Peakd, the #20 witness, the last in consensus, has 66 million votes. This means the "middle class" could vote a witness to the #21 or #22 spot on their own." this part is not true. The Discord Group of the top witnesses just decided to trimm fat on the voting side, they can up their game really fast.

Upwards and Forward, let's keep going Task. The mining process of the Hive Blockchain is one of the best ever thought of and maybe the best implemented so far.
πŸ‘  , , , ,
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vote details (5)
@marsresident ·
Everyone check Your Hive-Engine Balance for VKBT
https://hive-engine.com/trade/VKBT
πŸ‘Ž  
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vote details (1)
@outwars ·
$0.20
I didn't realize that the gap between the groups are that big. I am still a minnow, and I hope to continue growing my account. I do agree that smaller account should strive to increase their stake.
πŸ‘  , , , ,
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vote details (5)
@taskmaster4450le ·
Every level is a 10x of the level before.  
πŸ‘  
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vote details (1)
@precab ·
Actually sometimes I always admire the structure that hive plays and it has a way of playing out things as expected and this is great to see as expected because not all projects have witnesses that hive has that helped to run things out 
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@revolverocelotyt ·
$0.21
Wow I did not knew that the middle class on hive.blog had so much Hive power. 
πŸ‘  , , , ,
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vote details (5)
@taskmaster4450le ·
It isnt discussed much.  People simply believe they are helpless.
properties (22)
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@rzc24-nftbbg ·
$0.20
In real life, there is no way I can reach MC. It's good that Hive is opening such an access. I only need 1,668 HP to reach that 5,750 target. 
πŸ‘  , , , ,
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vote details (5)
@taskmaster4450le ·
Your first target is 4,500.  Cant get to 5750 without going through that first.

Keep building and the activity up and you will get there.
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@rzc24-nftbbg ·
It will take me two to three months perhaps to add 418 HP.  
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@shukri1 ·
good
πŸ‘  
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vote details (1)
@steevc ·
$0.21
I've been keeping an eye on the rankings and we are up to 180 accounts with over 100k with more likely to get there soon. This 'middle class' will gain more influence. This is why I try to help more people get to at least minnow. They will feel their stake matters more as it grows.
πŸ‘  , , , ,
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vote details (5)
@taskmaster4450le ·
$0.04
>I've been keeping an eye on the rankings and we are up to 180 accounts with over 100k with more likely to get there soon.

An interesting way to analyze things.  It does show how, over time, things shift.

>This is why I try to help more people get to at least minnow.

A very important step.  It is the proverbial funnel, need more minnows to get more dolphins, which then lead to orcas.


πŸ‘  
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vote details (1)
@steevc ·
A wider spread of HP is good for Hive in general. We don't want all the power wielded by a few accounts, but the whales still dominate for now.
properties (22)
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@thelogicaldude ·
$0.31
I was dolphin heading to orca at one point in time, then well, life happens and you have to be grateful for what you have and use it. And after last cycle and getting burned on having so much value staked up, I am doing things a bit differently this go around. Lessons learned. Maybe one day I’ll build it back up when I can get one of these other things to pop off a bit more so I don’t have to keep powering down. 
πŸ‘  , , , , , , , , , , , , , , ,
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vote details (16)
@bigtakosensei ·
$0.21
Idk if it’s still available but they used to have a Liquid Hive Power token (LHP) on Hive Engage.

They would delegate HP to you for every 1 LHP you held on Hive Engine without having to power up. Hopefully they still have that going as an option 
πŸ‘  , , , ,
πŸ‘Ž  
properties (23)
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vote details (6)
@taskmaster4450le ·
No familiar with that  one.
properties (22)
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@thelogicaldude ·
Never heard of it. But that also defeats the purpose of being able to trade it. They would be taking delegation from me all the time. I’ll just keep with what I am doing. 
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@manniman ·
That makes a lot of sense. We have an obligation to sell the highs and buy the lows to stabilize the Coin Price as @edicted would put it.

I would just say, GREED IS GOOD.
![untitled.gif](https://media.tenor.com/T4BsDl9Kpk8AAAAC/gordon-gekko-happy.gif)
πŸ‘  
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vote details (1)
@thelogicaldude ·
$0.02
I mean we are not obligated, but… I do like taking profits, πŸ˜‚ 
πŸ‘  , , , , ,
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vote details (6)
@taskmaster4450le ·
That is true.  Sometimes life happens in a hard way.
πŸ‘  
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vote details (1)
@thelogicaldude ·
$0.20
Ah man, in so many hard ways, all at once, lol. 22-23 were rough. But I have rebuilt from zero before, I can do it again. 
πŸ‘  , , , ,
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vote details (5)
@vaipraonde ·
$0.25
Im delegating most of my power but wanna reach dolphin status and then start something like a comunity or become a curator. 

Now my vote isn't much, so my plan is keep increasing Power. A strategy to reach that is sell high, buy low and power up more
πŸ‘  , , , , , ,
properties (23)
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vote details (7)
@nabbas0786 ·
I am doing the same, buying at low, selling at high, and powering my HP up. Great way to get grow πŸ˜€
πŸ‘  
properties (23)
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vote details (1)
@taskmaster4450le ·
Just keep building.  Consistent activity is a huge help.
πŸ‘  
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vote details (1)
@vaipraonde ·
Need consistency. For me it's hard the writing part. πŸ˜‚
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@videoaddiction ·
$0.24
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vote details (7)
@wiseagent ·
$0.23
This is something super important to be noticed. More power, to more people.
πŸ‘  , , , , , ,
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vote details (7)