Doing some small calculations I assume that in my world with a Hive I can buy a Chupa Chupa, a tablet of substances to make soups, a small artisanal chocolate bar, two artisanal chocolates, a cup of coffee, a small package of cookies, two pounds of sweet potato, just under half a pound of rice, some small portion of condiments, a simple ice cream cone, a 1.5 liter sachet of soda .... in short, small amounts of food.
A Hive is not enough to buy an egg.
If we look at it that way, extracting a Hive is not significant to meet basic needs, but 20 HBD would be "something", since it represents more than an average salary to survive during the month.
It is difficult for those who do not have any other alternative way of life to refrain from withdrawing a large percentage of their monthly Hive, but that is the mistake, because they will be unfairly burning their account and will lose a good financial opportunity if they do not improve their Hive work strategy.
Yep, exactly my point, at such a low USD value it doesn't seem like good sense to spend it all, especially since it doesn't buy very much at all. I think it's much wiser to take some but stake some so a person has something for later on when prices improve. As you know, I check people's wallets to see if they power up (stake) now and then and if they do not I do not upvote them, so they're inhibiting their own progress in more ways than one.
You power up up now and then in reasonable amounts and so you get my votes which will see your account grow and grow. Well done.
@galenkp there is something very important in all this, and that is to understand that Hive can be sustainable over time and that offers greater security in this project.
As I told you I come from places with a very bad reputation on the internet, and that at first made me doubt the economic stability of Hive, and the first instinct was to empty the account mostly out of ignorance, and that's the point, because many still continue to doubt the strength of the web 3 in/for the future and the seriousness of the project.
Yes, sustainable is exactly what it can be but only if each person works towards making it so.
As you say, ignorance is one of the things that causes people to act counter-productively for their own futures which is sad. Having said that, there's many people around the place who can assist, help out with some information, thoughts and perspectives that can help people progress. Not only will it help them in that way, but it also helps to build relationships and it's good relationships where increased and larger upvotes originate.
That's one of the most important points in Hive, very well said...like everything you explain to us.
$0.2USD = $0.32NZD
1 Chuppa Chup is $0.59NZD
Can’t buy anything for 32 cents here.
Yes, I understand...I guess we Cubans get a chupa chupa cheaper than in your country...however we can't afford an egg or a very basic and important meat for us, pork, we can't even afford to buy 3 or 4 pounds a month, and chicken full of hormones goes the same way.
Every day inflation swallows us up.