Happy New Year !
I like the idea of the prize draw. As a thought, maybe it should be for accounts with less than 6K on 1st January 2025, that way it doesn't act as a constraint on someone who does really well during the course of the year only then to damp down their activity towards the end to stay under the threshold. Perhaps powering up 500HP at the start of the year could create a fixed draw prize of the 500, with any growth being used for a "consolation prize" for a second place draw.
Also, maybe we could find an account we could delegate to, with growth from the delegation funding a smaller prize draw for those of us lucky enough to have over 6K 😁
Also, here's my 2024 final post...
https://peakd.com/hive-167922/@alonicus/saturday-savers-2024-progress-report-week-52-years-up--how-did-i-do
That's a good idea. I'm thinking less than 6,000HP by 31 January, the snapshot could be anytime that month. It's just a confirmed starting place, rather than for the whole savings period.
Okay, let me check ...
I have also been thinking about the ideas you posted under the Hive Woodpeckers post - maybe we could have a charity account that has the same kind of delegation arrangements - 80% to delegators 20% to build their network account and periodically it makes awards to good causes. This could be either a cause of the year (like Hive Woodpeckers) or as chosen by the community through the year.
Also, attached to the same account, we could have something like @adollaraday, an account where accounts could donate dollars, also used for good causes as decided by the community. Accounts could also run fundraisers with the charity account as the beneficiary. What do you think?
Yep, that's a good picture of it. I think the delegators should get at least a little something back. Maybe do the 20/80 split the other way around so 80% goes into the pot. Likewise for the charity account. It's really just as mental trick - with a delegation, it's not like you're giving away "real" cash, and having a small return can help to offset inflation.
I guess we could start with a small return to delegators and see how quickly the fund grows, and adjust if we want to.
If we had a separate prize for accounts over 6K HP, would 2,400 HP earned through author and curation rewards be a reasonable target? Or could we stretch to 3,500 HP?
Good question ! I'd be interested to see what others earned through last year, to make sure it's an achievable figure.
I did 1822.12 of actual earnings last year (post, comment, curation and delegation rewards, but excluding HIVE powered up from fiat), with an account that started the year at 7528HP. But then I'm not the most prolific poster by far, and quite a few of my posts tend to be to low audience communities. So I reckon 2400 should be achievable for someone who posts more often than I do (or to communities with more active members), although I think 3500 might only be possible for much larger accounts.
I took a straw poll of some of the accounts about the same size as yours. Based on author and curation earnings over the past 30 days, they were all coming in at about 2,000HP over a year. I noticed that most of are not powering up 100% HP (opting for 50% HBD/HP) and have fairly low curation returns - 5% compared with the more usual 8%-9% - which could be improved.
On the other hand, we have a fair few much bigger accounts where 2,400HP would be an easy threshold and accomplished in about half the year.
I'm inclined to go with 3,000HP as I think the smaller accounts have room to improve with fairly simple options (if they choose them) plus it might provide the push to keep posting?
3,000HP would be 5x what we're asking of newcomers, feels about right, given Dolphin is about 10x the starting position. (I'm not sure where 3,500HP came from, wrong maths)!
What do you think?
That sounds good to me ! I tend to curate lots and post less, which gives me a useful challenge to improve my posting (or to post smarter to improve the results I get from it !)
I never get the people who don't curate to the absolute maximum of their ability. It's like leaving money on the table, but more importantly they're missing out on helping others earnings and on the whole "social" part of social media.
Lovely, thank you for your help. 😍