Ten K Minnows: Bouncing back
It has been a while since I did a post about the number of Hive minnows. Back in January there were 8422 and now there is one more! Actually this does not tell the full story as by last month it had dropped to around 8345, so there has been a recent recovery.
We have lost about 30 dolphins since January and that is concerning. Orcas and whales have not really changed.
Hive needs to both retain users and get them to build their accounts. I do suspect a fair few people have shifted funds to HBD savings to benefit from the interest you get on that, so there may be less HP being held. Smaller accounts may consider the return from curation to not be enough. They can make 20% on HBD, but with curation you might get around 12% if you optimise it. Of course if the $HIVE price goes up then your account could increase much more in value if you are holding that. It can be a choice between risk and certainty.
In any case this account will continue to support small accounts who are active in both posting and commenting, whilst not powering down. The whole idea is to increase the number of minnows.
I am very grateful for the delegations, but you can also help by following the voting trail with Hive Vote. You get to earn too that way. I am not trying to make this account rich, but there are no plans to power it down. Maybe when we finally get to 10,000 minnows then some funds may get distributed to other accounts who are nearly there. We will face that decision when the time comes.
Your suggestions are welcome on how we can improve matters. Hive ought to be growing faster, but is still little known. It has excellent development going on with lots of options to earn, socialise and play games. There should be something for nearly everyone. Some will argue that on-boarding is hard, but you can now create an account if you use Twitter or Facebook via Leo Finance. Any user with a reasonable stake can get account creation tokens to create them for friends. You may just need to mentor them in things like key management, but anyone with some on-line experience should be able to cope. They may just need encouragement in the early days when it feels like they are not earning much.
Hive is built on people, so they are a key asset. When we reach critical mass it will really take off and even though joining now will count as early adopters. Anyone can earn on Hive if given the chance.