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RE: Why is it hard to have a long-term mindset? by steevc

View this thread on: hive.blogpeakd.comecency.com

Viewing a response to: @alex-rourke/why-is-it-hard-to-have-a-longterm-mindset-8qn

· @steevc ·
$0.50
I'm playing the long game with Hive, but can appreciate that others need funds immediately. If they can put some of their rewards aside then it will pay off.
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vote details (1)
@alex-rourke ·
$0.05
There's nothing wrong with taking your post rewards and converting them to fiat if you need it to pay for rent, medicine or food.  If it's there and you need it to cover an emergency, by all means, use it.   But let's be real, people don't have financial emergencies 100% of the time.     It's perfectly possible to claim your rewards as 50% HP and HP $HBD.   This ratio is more than enough to build your stake *AND* spend some of your earnings.

Azircon came up with something called [The KE ratio](https://peakd.com/hive-13323/@azircon/top-1000-hive-stakeholders-moments-of-pleasure-years-of-pain), which helps us understand what proportion of HIVE you are holding vs extracting. You can check your KE ratio with [this tool](https://beebalanced.streamlit.app/).   under 1 is good, the more positive your KE, the more of an extractor you are.  Our friend @slobberchops has a different name for folks with a high KE ratio 😄:

https://peakd.com/python/@slobberchops/leeching-arseholes
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vote details (1)
@steevc ·
$0.12
I've seen a few people talking about KE. I'm not really going to judge people, but I don't really like to see them using that account that lets them exchange their rewards for an instant payout. They ought to try and build some HP.

Mr Chops is less forgiving than me :)
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vote details (1)