CTP Chat For June 9th, 2021

in The CTP Swarm3 days ago

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We're changing things up this week...And doing our Q&A session of Crypto Maniacs tomorrow (Thursday the 10th)

So that means....

We're looking for your questions! What crypto / Hive related questions are you stuck on? What blockchain topics do you get stuck on that would like answered?

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We'll be reading through your questions tomorrow and of course, rewarding you today for asking them :)

Look forward to seeing your participation today and tomorrow and thank you so much for being a part of the Swarm!


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Our Token:

https://hive-engine.com/?p=market&t=CTP

https://leodex.io/market/CTP

Our Miner:

https://hive-engine.com/?p=market&t=CTPM

https://leodex.io/market/CTPM

Vote for our Witness Node On Hive-Engine:

https://tribaldex.com/witnesses (clicktrackprofit)

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I am totally sold on the hive platform. I have read posting talking about APR for this or that project and APR for curation. We all get lots of different tokens and it is very hard to focus on all of them with the limited curation voting power we have. Here are a few questions regarding this topic:

  • What is the APR that we should be shooting for from our holdings?
  • If we have tokens staked that we are not able to curate, which projects would be good to delegate our token power that would benefit the holder with an average APR and also the community to help both grow in the long-run?

I think diversification is good but there are just too many tokens. I think you also need enough of a token to really consider it fully paying out enough sometimes too.

Awesome question. I am trying to understand how the Hive curation APR works. It goes up and down but I dont exactly understand why

I do not know the exact formula but it depends on how much you have staked and then the earnings that were paid out during the calculation period. this is what I believe. When you are growing and have a small balance in that token, the APR will appear to be lower. use this site https://hiveengine.usehive.com/ it does a decent job in calculating your HE token ARP I normally adjust and see what the APR was over the last 7 days since I am growing my token base as quickly as I can. Hope this helps.

Great stuff man, thanks for the question. We'll dive in tomorrow!

Besides having a copy of the tokens amount, is there really a benefit to being a Hive Engine witness? I was thinking that you use workerbees to increase your rank but is there any benefits to validating blocks?

If you get into the top 20 it actually pays out fairly well in BEE tokens. Definitely pays the server fees for not only the node but for some of my other sites as well.

I know awhile back we talked about creating a Pinterest like site for the Hive blockchain. An idea I came up with to go along with that is for creators to be able to make their pins into NFTs. I guess I am just wondering if that would even make sense and what kind of name it would have. Just a crazy idea rattling around in my head.

This sounds like a great idea. I am just starting to look into pinterest again. I have had an account for years but have not done a lot with it. maybe now I could learn how to use Pinterest more effectively.

Thanks, Tom! Pinterest is alot of fun and a big rabbit hole to go down. But it's a great way to get ideas for just about anything. I took a class for it but you don't have to spend alot or any money at all to learn how to use it. Like Jon says, just poke around and use it. Have a great day! 😀
!ENGAGE 10
!ALIVE



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@lisamgentile1961
___

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

You Are Alive and have been rewarded with 0.1 ALIVE tokens from the We Are Alive Tribe, and it's paid for by the earnings on @alive.chat, swing by our daily chat any time you want.

That looks like a great idea for something like Pinterest. I myself love Pinterest, so many great ideas and sharing of projects. I don't find your idea crazy at all.

Thanks, Sheila! Pinterest is fun and it would be great to develop something like that for Hive. Just not sure what that looks like. I guess that's where a mind map would come in handy. Have a great day! 😀
!ENGAGE 10
!ALIVE



Made in Canva

@lisamgentile1961
___

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

You Are Alive and have been rewarded with 0.1 ALIVE tokens from the We Are Alive Tribe, and it's paid for by the earnings on @alive.chat, swing by our daily chat any time you want.

Crazy ideas are good :) Looking forward to diving into this question tomorrow.

Thanks, Jon! I hope I get to hear your answer live. I will be at a Dr. appointment with Dad tomorrow so if I am not back on time at least there will be a replay. Have a great day!😀
!ENGAGE 10
!ALIVE



Made in Canva

@lisamgentile1961
___

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

You Are Alive and have been rewarded with 0.1 ALIVE tokens from the We Are Alive Tribe, and it's paid for by the earnings on @alive.chat, swing by our daily chat any time you want.

Well these NFTs probably won't really have a use-case but its free money so I probably wouldn't complain if I got them.

That's a good point, @jfang003! It would be more for collecting though and exposure for the creator. That was what I had in mind, anyway.
Have a great day! 😀
!ENGAGE 10
!ALIVE



Made in Canva

@lisamgentile1961
___

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

You Are Alive and have been rewarded with 0.1 ALIVE tokens from the We Are Alive Tribe, and it's paid for by the earnings on @alive.chat, swing by our daily chat any time you want.

Maybe this is a silly question, but I often find myself trying to figure out the following:

We keep saying that we need to move away from being concerned about the value of our crypto in FIAT value and I totally get that. I am all for that. And it makes sense to me when we accumulate and hold.

But we are also talking about businesses and promoting the blockchain for the benefit of including crypto in your online business. With that in mind, we are still living in a FIAT-dominated world. How do we maintain a balance between holding, not paying attention to FIAT value, and growing/managing a business on the blockchain, considering income and expenses in the FIAT-dominated world?

Great question man, I can't wait to dive into this tomorrow...I've got some ideas that should help clear it up :)

Thanks, Jon! Looking forward to it!

This is a great question especially with the Hyper inflation that seems to be happening now and the feds stance on cryptos being a bad investment.

It might be a crazy question. I have so many coins in my wallet when I should get rid of some. Should I wait until I get enough to equal one Hive? I know the ones I like that I won't let go of. Example would be say dCity mainly cause I don't play the game.

Appreciate the question Sheila. Looking forward to answering it on the show!

Good topic. I have so many questions I'm so new to this world of crypto that sometimes I don't even know where to start.
I have been despite few resources on Hive a currency I didn't even know about. Questions:
How far can the hive reach.?
Will it increase this year or keep it at these values?
What projects will be presented?
And the main question is the one that everyone would like to know the answer to.
Where to invest and how much will each currency rise?

That's awesome. Thanks for all those questions. We'll tackle them all tomorrow.

Thanks. those are great questions that I would love to know the answers to also

I have 5000 ctp and 200 HP. would it be better to power up more Hive at this point? I still get confused about the roles of each token.

Well CTP is more for generating more CTP tokens and HP is for resource credits and earning HIVE. If you have enough HP to do your transactions such as commenting, posting, voting and trading on HIVE, then HP is less of an issue.

So it depends on your focus.

Thanks that helps. It seems with the amount of HP that I have, My curation rate goes down after a few upvotes. This means that The more HP I have, will allow me to upvote more often with full curation.
I think I am getting it

Gotcha! We'll get this tackled on the podcast for you!

With El Salvador accepting and declaring Bitcoin as currency, what does that mean for us as investors? How can HIVERS capitalize on this? Is there an opening for Affiliate Marketers to benefit?

Nice question man, appreciate that!

I have a rather short question. I'm kinda new to CTP and would like to know what the "CTP Swarm Booster" on the Hive Engine is for?

Great question, thanks very much. We'll dive into it on the podcast!

Here is another concern of mine. I read this article https://www.aljazeera.com/economy/2021/3/22/highly-volatile-powells-not-so-cryptic-warning-of-crypto. I am wondering if the government creates its own crypto how that will effect the Hive blockchain. They are warning people that crypto is a bad investment and mostly used by criminals for laundering. This does not look good for cryptos in general

Good question man, and some concerns for some. We'll tackle it as well tomorrow.

Don’t have anything to add, but going to reblog to the #hivehustlers and #hustler community! Which you should throw one of those tags in the daily posts... just saying... lol...