In my last article, Hive Middle Class Developing, we discussed how the HP (which are technically represented as MVests) of the middle class is expanding. This was related to a thread that was sent out which noted how much HP the Orcas and Dolphins had.
Here is the thread again:
@nonameslefttouse/re-leothreads-2ja2szhqx
It was noted how this is more than enough to get any proposal funded or, on the flipside, move the return vote to a level that nothing gets funded.
At the same time, it was also shown how the HP along could get a witness to around 22 on the witness list. These two categories alone could almost get consensus.
Of course, some had the typical responses.
I am nothing more than a hopium seller. The tokenomics of Hive suck and the whales are greedy.
In short, it was the usual complaints and, in my view, excuses. This is why the average person doesn't succeed. Are there challenges? Of course. However, that is where success comes from.
There were, nevertheless, some GEMs which stimulated this article.
Here is one:
We are looking at a new orca in the making. The key is not the result but what went into it. It took 5 years and, what was unsaid, a lot of effort. I see this account regularly online, engaging in different ways.
This is one who is taking advantage of the opportunity.
Which brings us to the crux of this article: Hive's middle class.
Hive's Middle Class Is Getting Stronger
For years I put together a monthly report denoting how the breakdown of HP was. Over time, it was clear things were shifting. This is why I could ignore the noise since it didn't reflect the data.
The only thing that could be questioned was the pace, the direction was clear.
However, this point was brought up again:
Here will take a look at the data to determine what is happening.
Again, we will use the reports posted by @arcange. Unfortunately, he has not posted them in a couple months, something I hope he decides to get back to.
MVests Held
Nevertheless, when it comes to the HP breakdown, we have these two charts:
The first is from the report on 2/1/22:
The total percentage of the Orcas, Dolphins, and Minnows is 44.7%.
Now let us go to the most recent report, on 2/1/24:
The same categories have 46.4% of the total. This is a change of 3.8% from where things stood two years ago. In other words, the middle class, as defined here, has 3.8% more influence than before.
accounts
How do things look with accounts? Are they growing or not?
Here is the chart from 2/1/22:
At that time, there were 10,195 accounts in these categories. According to the breakdown, 4,814 were active although I am not sure of the metric used.
Going ahead two years, here is what we see:
The total is 10,959. In the active category, we have 5,430.
This appears to be a significant increase in the active category, a total of 616. This is a growth rate of 12.8% over that time. In contrast, the total grew by just under 800.
In Conclusion: The System Is Working
This was the title of the reports I did years ago.
Does Hive have flaws? Most certainly. However, the takeaway should be the system is working in spite of the challenges. For all the complaints about what is wrong with the ecosystem, the numbers clearly show the direction. This is no different than what I saw before.
Again, people can point to the pace of things but we cannot contest where they are heading.
So, once again, we are back to activity. To increase the pace of change, the middle class simply has to get more active. There are many in there posting a few times a week. Why not double that, from say 3 articles to 6. If one is regularly making 10 comments, do 20.
The opportunity is here for those who want to take advantage of it. However, there are two keys to success:
- activity
- time
It is often said most miss opportunities because it comes disguised as work. Success on Hive requires effort. It also is a long term commitment. This does not happen overnight.
People are free to chose. Is one going to believe this is nothing more than hopium and allow that to stop one from being active or is one going to use this is motivation.
Hive is a permissionless system. Anyone can enter and get active. The only roadblock could be a lack of resource credits and plenty are willing to delegate to a new user who is willing to get active.