HivePUD ~ 01-Sep-2020

As hip folks back in the 1960s and 1970s would say, "PoweringUp is groovy, man. Far out!" (for maximum effect, that line should be spoken in a Johnny Fever voice)

As I stated in last month's HivePUD post:

The PowerUp process is where we take liquid assets (HIVE, in this case) and stake it on-chain. In very simplistic terms, it's akin to buying stock, proving that you believe in the future of the chain. In return for the stake, those who PowerUp have a greater vote-value when they upvote posts (which, in turn, earns greater Curation Rewards), have more Resource Credits (RC) with which to transact with the blockchain, and earn 'dividends' of HP awarded periodically over time. [source]

Sadly, I am not PoweringUp as much this month as last month, as it appears I have converted all my STEEM to HIVE now. So, future PowerUps will be smaller unless I win the lottery!

^{if PEAKD had been around in the 1960s, it would have looked like this}

Although not as much as last month, 500 HIVE is still a decent PowerUp! But any amount at all is good for our accounts and good for the blockchain! So, be proud of your PowerUp, even if it's just 5 HIVE!