https://hive.blog/beauty/@guerrint/the-first-steemit-makeup-turtorial-bringing-youtubers-to-steemit
Way back in time on the old platform, in the early days, if you made it to trending it was kind of a big deal. At least if you go by the display numbers.
If you've been around since the beginning you may remember this piece of history, the famous make-up tutorial of 2016 and what I think is the 2nd highest paid post ever.. I couldn't find the highest paying post, but I do believe it had a payout display of $42,000ish - but I'm going from memory.
Recently, I've seen a lot of huffing about current post earnings based on the price of Hive, it's not unusual, every time Hive has a big price change people get sensitive to the display numbers on posts, but they can be misleading. It's a sticker shock reaction.
If we look at the break down of Tara's post she never saw the $31k listed on the post. Back then curators received 25%, but now days it would be 50% spreading half those rewards to all of the people who voted for her. In addition, back then the power down period was 104 weeks or 2 years. By the time she was able to claim most of the rewards for this post the price had dropped significantly. I believe the price of STEEM on the day she was rewarded was nearly $5. Posts were only open for voting for 24 hours at the time.
If we used the metrics that are in action today, We will round to $32,000 for the sake of easy rounding..
Post display value: $32k
Curators: $16k
HBD payout: $8k
The remaining $8k would have had to be powered down in order to see it cash in hand.
I'm not knocking what a huge post that would be, but I am pointing out that the numbers shown are a bit off from the reality.
I've earned Hive from .06 to $8, but they all look the same in my wallet today, and it is impossible to tell what the price was on the day the payouts appeared on the front end.
The only thing that has changed with the increase in price is the number of HBD the chain prints on payout, the actual value of the Hive earned is always changing.
Really the price only matters on the day you sell and with a 13 week powerdown period, it's unlikely to be the same price as today. It will almost certainly be either higher or lower if you were to power it down.
Times have changed a lot and the numbers displayed look different, but remember the blockchain works the same.
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HBD payouts ftw :)
I'll add another thing and that was the non linear vote weight, or the highest the vote power on posts the highest the rewards, so if two whales dropped votes on one post it will catapult the value of it .... now days with linear votes that can not happen.
Excellent point dalz! The curve was really big back then too.
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That applies to all cryptos. We will have similar posts on Hive as well and those are going to ignite frustration among others. It's basic human behavior. Is that girl still active nowadays?
No, of course the post created huge drama, her and her sister later became "SteemPowerTwins" and did some promotion for the platform, but like many success stories on Hive the drama eventually ran them off! :) They were fun girls too.
On $HIVE... There's one common denominator "The drama never ends" 😂
Awesome post. Thanks for giving us the breakdown. I shared this with some people who I just onboarded to help them kind of understand the metrics of it all. I think it is important for people to know all of that.
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I'm glad you found it helpful.. it's funny how the display price gets twisted as if it is a reflection. :)
I remember dabling in leofinance 18 months ago and earned 10-20 LEO for really basic posts. The coin was worth about $0.01 back then, now it's $0.30 and been as High as $1 so is quite beneficial accumulating when low, as you tend to earn more coins. This is dollar cost averaging doing its work for you
Awesome example! And with Leo, I think we are about ready for a new run! We only need a little bit more demand before it quits holding steady and takes off!
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this also adds to the point of building in bear market. rewards of few $ in hive when hive was $0.13 are now something like $50 posts.
Great point, I wish I would have mentioned that!
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We've lost a lot of good people over the years due to various dramas. It's a shame.
Anyway, good points!
We sure did!
Good old days.
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It was all so exciting at the time! :) The comments are hilarious as well. Everything from excited, copying to bitchy as hell. lol
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I wasn't around for this but I remembered this being talked about once in the @leomarkettalk. I never really considered the misleading side of it but it does make sense that it took a lot of time before they could liquidate their earnings.
It sure looks like HIVE changed for the better as we have a longer voting period, no more reward curve and a smaller power down period.
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In my early days I remember finding someone's old post that showed $2000 as the reward, later I saw the wallet barely had that in it, but couldn't find a powerdown..
The price since the post had dropped significantly
That's when I realized how almost meaningless old post reward numbers are.
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Excellent point, I have always said most have it backwards. They become more active when price is high because they are lookint at the USD value. It should be HIVE you are after not the USD displayed.
Absolutely, when the prices are lower there is less activity and more Hive to gain.
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Apparently there was a time when Ned and Bernie agreed on something. 🤯 🤯 🤯 I am going to need to reevaluate my world view.
LOL, I love this comment! I'll tell you it was rare even back then!
Those were the days when Bernie was super cool too, he fought the big guys, later he was just a bully, always fighting down, on people smaller. but there was a time when he was really awesome.
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the first substantial upvote I ever got came from him. He used to do some regular curating of posts.
He did some good things in the early days, I was totally over him by the time he left, although I hear he is back around, just low profile
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I didn't join until he was in the hugely negative rep phase. The fact he was able to come out of that is crazy. It is probably a great thing, but Hive seems to lack that drama ... or maybe I just overlook it.
There is drama now too, but it's always the same 12 people, it's easier to avoid.
He built out of the negative rep twice I think.. regarding Bernie and I agree it is likely best that it's not so visible .. It's never fun to watch big accounts pick on small accounts.
It was fun back then, because bernie was at least dramatic both ways back then. Those who flex on the little guys only are just sad.
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I once locked horns with Bernie 😂. Can't remember what was the cause but I got my fair share of downvotes 👎. But he stopped after 3 days I think. Good ole days 😊
was Hbd not these days 3-5$?
No, HBD was pretty close to $1 still. It didn't break until the next spike in January 2018 when it briefly shot up to $22
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Not bad :) I remember the 100$ HBD prediction from that time at trending page :D
I'm happy knowing that lots of $10 and $5 posts a year or two ago are all worth many times that now.
It is my investment and part ownership of Hive that has grown.
If I was here just for the money I'd be posting every day but I'm too busy coding dapps for Hive and continuously grateful for the grant I'm getting from the DHF.
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I really missed reading your words of wisdom.
I tried not to talk about the H word for a while.
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The most significant things...how you track that old post...??
I google searched the post! It's easier to find content off the platform. lol
🙏🙏
Haha, those of us around for that will likely never forget that post. Damn Whatsup, when did we get crypto old? Ugh.
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LOL, We ARE crypto old! Damn it!
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That was one of the reasons why so many people who get onboarded and think that they will strike it rich with their shit posting and memes. Then get disappointed and leave the platform.
One person said that the activity in the platform often picks up during its bullish phase as shills pop out like mushrooms and then disappear during the bearish outlooks.
I remember the flag wars and the downvoting and drama hahaha
we are definitely crypto old lol
Shoutout to @jon24jon24 miss ko na siya at may downvote pang dala pag balik niya.
at sa lahat ng umuulit ng content hahahhaha
Yeah, I remember a bit of over the top promotion, but it's been fairly easy to gain an audience here for quite a while.
I kind of feel like that's an Old Whales Tale..
Oh the community just wants money.. that hasn't been my experience, I mean we have had some of that, but certainly not the main focus within my circle.
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At this point it's a bit annoying that payouts are even measured in USD.
I'd prefer to see Hive payouts, but that's up to the individual node/frontend.
Yeah, that's valid. I often think we'd do better to not display all the votes so openly, but it is what it is and it does help identify abusers.
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I get mixed feelings when I see an over $30 pending reward on my post. I guess it is the conditioning over time that gets me--seeing your post payout at certain amount. I see people earning 10 times that value and it is sometimes mind numbing but I guess we are in that season and we should all relish it while we can. Maybe curators can make adjustments on their autovotes.
I've never used autovoting, but it's clear it's going to be the next big drama. There is always 100% a drama after a sudden price change.
Again, the display number mean very little.
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Good points, all.
BTW, I posted for the first time (in a long while) a couple of days ago. Any recommendations about the best front-end to use these days?
Quill
Regarding front ends, I usually use Leo these days, but it's mostly financial, crypto and investment topics. If I wasn't trying to maximize my Leo, I'd probably use peakd.
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Saw a $1,242 post today 👁👁. Then I had thus weird feeling in my stomach 😿😼
Imagine if it continues to go up
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It'll be "jawdropping" to look at 😂.
I remember that one, as a male I enjoyed it - another one-hit wonder of the former platform
I remember that girl leaving on bad terms, but I can't recall what happened, do you remember?
Her and her sister later became the SteemPowerTwins.
They asked the community to buy them some studio equipment and when they were unable to raise the amount of money they wanted they left.
They did not return what was given
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Last post..
https://ecency.com/live/@steempowertwins/steempowertwins-launch-website-and-token-ico-january-06-2017-12-00pm-est
I try not get too worked up about post payout value. This is not my first rodeo, It is the amount of Hive that I lust after.
Interesting to see the value that was going to the comments.
I believe this is a good time to spread the vote as now people will more attracted to Hive and we want them to stay during the bear..
This is a great reminder of the craziness of crypto.
Isn't it? I think also people forget how exciting the entire platform was in the early days, being 5th on Coinmarketcap and all.
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I remember this. I remember looking at that post thinking to myself, "But my posts are good, why don't I make that?" -- it took me a while to learn that it's not about what you can do but the way you market yourself :)
And that's true everywhere in life!
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Very true :)
I never known about that high post payout. Good post bro.
I was on blockchain not from the start, but these numbers are really way over beyond measure :D
Just think if Hive went to $10, for a brief time we could see huge payouts again.
Blockchain evolves in a matter of how you can earn your tokens and now on Hive you have so many opportunities to back in the days when it was content creation and curation. I wonder if it makes sense to keep it powered up or distribute it second-layer tokens and LPs....
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I'm going with the natural split during bullseason. There is no way, I'm committing to 13 weeks right now.
In bear season though, I will likely power up as much as I can for the next cycle.
Lol.
That's an interesting evaluation :D
Fun times in the early days as @dalz pointed out there was a much bigger curve on rewards and most of the rewards went to the top 10 posts each day
Holly crap that's one nuts payout and look at the names on the votes lol HBD payouts are pretty good right now while I hardly have any hive at all my stacks of HBD are growing quickly and that 10% interest is going to really start kicking in. A 13 week power down is MASSIVE I almost feel like I'll never click the button to power down and simply only start using the 50% liquid to use for things I want or trades. The volatility of Hive has been pretty crazy high as of late as well.
If you think this post looks dramatic now.. lol, at the time the melt downs were hilarious!
The idea behind upvoting it so hard was to try to attract a more diverse crowd to the platform which was almost entirely dev, mining, techy nerds at the time.
On an average day Ned or Dan had a $4,000 post, but if a girl did it with make up.. OMG it has pretty funny stuff.
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Some really good information! I do know the breakdown but since the price rise, I have forgotten and get awe struck by how much others are making. Something to keep in mind, especially if you compare your rewards to others posts, unfair comparisons.
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Most of the people with great rewards, but in a lot of low value ones first.
I made 94 posts that didn't earn anything, the curve was so strong in the early days, almost all the reward pool ended up on trending.
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I would sell only a part at 10$
Imagine the post payouts on the day it reaches $10. :)
The reward pool was also being distributed to a smaller group of people.
Agreed
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I'll take that $8K HBD.
It could happen again on $12 Hive. Not sure what the odds are, but it's a good time to hang in there to see if we get an end of season run again.
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Yes, and people have to remember it's still all relative. I mean, if the larger posts are now paying $400 compared to $100, the smaller posts will be paying $4.00 where they were once only $1.00. The reward pool is just bigger.
Plus, you have to remember those people earned their way into those dollar amounts. After months and months of posting regularly and building their followers and HivePower a few at a time, they would be now reaping the rewards of those efforts.
Nothing happens in a vacuum. Very few of these large posts will be generated by people that just popped on and started milking rewards. The vast majority will be go to people who have put in the time and energy (and money) to get there.
Great post on what the numbers really break down to though. You don't realize how much it gets split up until you actually get the payout. It's never as big as it looks.
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Hopefully a better price allows us to reward content creators and we get more users, more users push up the price and it's a cycle.
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$31k definitely attracted me, I was like woah!!! That’s a lot to earn on a post. Well this can easily be a reality in the nearest future and if the author powers down, they will get it all together in 13 weeks. Noted, more reasons I need to stick to Hive.
Stack it and you will automatically create price averaging. Like I said, I have no idea what Hive in my wallet I earned at $8 and which one's I earned at .06, but I know for sure I earned more at the lower number than the higher one.
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Nice boobs
Nice boobs, plus horny nerds. Makes for a BIG POST
Great post and thanks for sharing boss