I didn't want to write again about the FTX drama, but it's all over the Internet portal, forum, and HIVE, so I have to mention at least a bit... FTX was (is it still?) an exchange website, and as that, the point that you deposit funds there, make an exchange and WITHDRAW your funds... But, I do understand that they have added "other products" to the platform and "lured" people to leave their funds there... It is a common practice that other websites are doing too... But...
At the moment when you SEND your funds to someone else, those funds aren't anymore yours! It's the same thing in the real life and banks... when you deposit your cash there, it's not yours anymore... Yes, there is your name, but it's not yours... Sounds weird, and I know that people from western countries can't understand that when the building is crumbling, everyone saves their own skin... There are no guarantees, securities, etc...
Created in Canva.com
So, the main flaw of FTX and other centralized entities is that they would like to do Web3, but in a Web2 manner... To do crypto, but to have control over funds, to have all the keys in their hands... That's like going one step backward... Crypto is created exactly because of that... Created to STOP abuse like that... That's why FTX has failed, and many other projects will fail... They didn't embrace the Web3 principles...
We have one huge advantage here on HIVE that many don't have an idea that it exists... It's a TOKEN DELEGATION! This pool is a perfect example of that... Nobody who is in this pool didn't send me tokens! Everyone has delegated, which means that those tokens are still in YOUR OWNERSHIP and you can get them back whenever you UNDELEGATE them... I can't (nor anyone else) can take those tokens, or stop you from getting them back! That's the real Web3, that's OWNERSHIP over your funds, but still, generating income in other places...
Back to the report numbers!
This week we lost 1 delegator, but also got another new one! Welcome, @cryptothesis! As usual, some of you guys delegated additional tokens! Thanks for doing that! Also, we have a new record of mined BEE tokens for one week! We have mined 145 tokens!!!
This POOL doesn't have fees and you actually get up to 20% MORE by delegating to it!
What about the bonus tokens?
This week, I will giveaway CTP tokens as a bonus... It is one of the oldest tribe tokens out there, I was an early "adopter" of it, and earned a lot of tokens in the early days... Most of them I have staked and didn't sell... So, here we are, giving away my earnings to you guys... :)
I will distribute 700 CTP tokens to the delegators of the pool as a bonus reward today!
As always, in the end, let's give the exact numbers for this week... There will be distributed 145 BEE tokens and 700 CTP tokens as a bonus... The APR (without the bonus) was 9.694%, and when we added the bonus it went up to 11.850%!
I have calculated the ROI approximately with medium prices for all tokens at the moment of creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the current prices... Most of you got them for a cheaper price, so probably have a much better ROI...
Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter and we will find the best solution for both parties...
If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (@ph1102)! Every week you will get the portion of mined BEE tokens and BONUS rewards!
All payments will be made after publishing this post...
If you have any questions, please leave them in the comment section!
You can find more about this pool in the initial post here https://peakd.com/hive-119826/@ph1102/workerbee-p-h-ool-let-s-help-each-other
Thank you for your time,
~ph~
If you want to support my witness, you can do it by voting for @ph1102.ctp here https://tribaldex.com/witnesses, or just scan the QR code down below...
Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!
You can also find me on LEO Finance .:. Twitter .:. Odysee
Posted Using LeoFinance Beta
Hi, now I tried to join this pool, but I am not sure if I did it right?
I think I staked 10 workerbee to you, but now I dont see them anymore.
Sorry, just learning all these things on hive engine and 2nd layer tokens.
!ALIVE
@ph1102! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @beeber. (3/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
Sorry to inform you, but, unfortunately, you did it wrong... I have stated at the end of the post to avoid these things, but these situations happen...
Anyways, your WB isn't lost... I will unstake your tokens and send them back to your account, or if you wish, I can STAKE them directly to YOUR account (what you accidentally did to mine)... The UNSTAKE process lasts 9 weeks and the tokens get back to the account every week, but only 1/9 portion...
Please let me know what have you decided... Should I send you liquid WB tokens, or STAKE to your account... (after the stake, you will be able to DELEGATE them to @ph1102 account)
Cheers!
Oh sorry for the mess.
Yes please stake them to me, so I can delegate them then
I had some spare liquid WORKERBEE tokens (as your unstake will last 9 weeks to become liquid), so I staked the same amount that you did, but this time, on YOUR account... 😃
The staked tokens should be visible in your account and you will be able to DELEGATE them to @ph1102 and participate in the pool...
Cheers!
Okay, now I think I did it right
thank you very much for you patience !LUV
You are welcome! And you have learned something new! :)
Thanks for your delegation!
Have a great week!
@ph1102, @beeber(1/4) sent you LUV.
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Thank you for the BEE and CTP tokens rewards!
Have a great day.
!CTP
You are welcome! Thanks for being a part of it!
!LUV
@steem82868, @ph1102(1/4) sent you LUV.
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This is why I like Hive. You still own the tokens. I heard RUNE also has something similar but I haven't looked too much into it.
Thanks for the tokens and for running the pool
Posted Using LeoFinance Beta
Delegation exists in some other chains also, but it's not as common as it should be in my opinion... But, we will see... I know that it sounds corny, but we are still too early in crypto and much good stuff should come in the future... ;)
!LUV
@jfang003, @ph1102(2/4) sent you LUV.
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Thanks for the great rewards! !CTP
You are welcome! Thanks for all your support!
!PIZZA
Thank you for the rewards. Great that we have a new record again.
Power corrupts! As soon as individuals have a degree of power with which they can make far-reaching decisions like SBF could, things go wrong. It affects almost all areas of life, where few decide the risk for abuse is very high.
A completely different but nevertheless same example is the FIFA and the world cup in Quatar, which starts soon. The power and the money is centralized and abuse takes place and not only since yesterday.
From my point of view the only solution is decentralization, that's why we are here! and for some fun of course 😄
!PIZZA
!LUV
!ALIVE
Exactly! Decentralization is why we are here... And I would add also the freedom of choice! In some way, I found it easier to disconnect from all things that you named in the comment, corruption, abuse, etc... Yes, crypto is connected to that stuff, but building here has a lot more sense than doing it in the old, corrupted, and rigged way... We couldn't win there at all...
Here, we have a chance!
!WINE
Congratulations, @ph1102 You Successfully Shared 0.100 WINEX With @captainloken.
You Earned 0.100 WINEX As Curation Reward.
You Utilized 1/1 Successful Calls.
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@ph1102, @captainloken(1/1) sent you LUV.
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@ph1102! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @captainloken. (1/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
It is not only institutions, there is whole a lot of people who just got and digged into web2, for them to even comprehend principles of web3, let alone participate is kind of tricky.
On the other hand younger ones are not even interested that much into web2.
FTX did not fail only because of wrong principles.They were by every account simply a criminal organisation, and it blew open as they got lurked into their own safety net and got too brazen.
Powers will try to use this example for regulation on their terms, without mention of the reasons why they got into trouble in the first place.
Will be interesting to see coming weeks.
Hive...looking all of this from the perspective of Hive network participant is rather interesting as we are only affected with price fluctuations, but with nothing else beyond that. Great to be under the radar at these times.
By the way, I'm building my overal portfolio,began buying workerbee tokens as well and in very near future I will join your delegation club.
:)
Much regards.
Posted using Proof of Brain
It's amazing how they will spin the story, especially this time as SBF was very close to regulators, politics, etc... For this specific case, the only side that's guilty is themselves... lol... But, as you said, they will blame crypto, which has almost nothing to do with this...
I would like to grab more WB tokens, but I would like to see lower prices... hehehe... It will happen, but who knows when... Nobody wants to sell :)
!PIZZA
That's a very important distinction between centralized entities and Hive.
Thankful for the 0.387 CTP that you sent me.
Sorry that I could not add to my delegation this time. Hopefully, before the year ends, I can double it or even more.
Thanks again!
!CTP
You are welcome! Thank you for being part of the pool!
Btw., nobody forces you to delegate more, so no worries about that 😃
Cheers!
!WINE
Congratulations, @ph1102 You Successfully Shared 0.100 WINEX With @rzc24-nftbbg.
You Earned 0.100 WINEX As Curation Reward.
You Utilized 1/1 Successful Calls.
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Thanks for the update!
You are welcome! Thanks for being part of the pool!
!PIZZA
Not only that! We now have RC delegations too. Imagine borrowing ETH for gas fees on Ethereum (and not paying it back).
Hehehe... Yeah... That would be nice to see...
!PIZZA
!BEER
Thanks for the !BEER
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