It was a Hardfork today on HIVE, and it looks that everything is running fine... So far, so good... I hope it will stay like that and if it does, this hard fork could go to the history books as the best one ever... :) As HF went good, nothing is interesting to talk about that, so let us talk about fishing... :) I like to go fishing as it calms me down (even if I don't catch anything... lol...), as that is the way how nature works... Always there to help you with your fears, stress, or anxiety... But, today in this video, I was talking about different fishing... The one where big players (in any aspect, industry...) are trying to lure and catch YOU... And when you are hooked, then they can do whatever they want from you... Sometimes, the methods of control are fear, or in our crypto space, FOMO and FUD... When the bait is perfect, it's very hard to distinguish it from the "real food"... And sometimes, we don't even realize that we are already on the net...

Thank you for your valuable time, ~ph~ ------------------------------------------------------------------- Music in video: Growing Up by Scott Buckley https://soundcloud.com/scottbuckley Creative Commons — Attribution 3.0 Unported — CC BY 3.0 .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. Don't forget to follow my channel @ph1102 and stay connected with all the great stuff around Hive, LBRY and LBC!!! .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:.

Lately, or to be more concise the last month or so we had almost every day bad weather, with rain, strong winds, or a combination of both... Luckily, in the part where I live, we didn't have floods, but some other towns close to us did... Whenever the rain would stop, I have tried to go for my daily walk, and for only ONE day, we had clear skies! I went out, and took a short "walk and talk" video... And it didn't go well... lol... If you want to have some laughs, you can check out the video... If you are here only for thoughts about compounding, you can continue reading... So, what is compounding? According to [Wikipedia](https://en.wikipedia.org/wiki/Compound_interest), this is a definition of **compound interest**: > Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest. --- For many people in crypto, it is a dream about making big money! :) But, as always, along with the good sides of compounding, there are some bad sides to doing it... Firstly, the good side of compounding is that you can earn a lot more by doing it in a certain period of time, than not doing it... Of course, IF you withdraw your principal sum and profits after X days/week/months/years... And that's where most problem fails... It looks so simple, but we have our human nature on the other side that stops us from doing it... At the moment when we SHOULD cash out, we start dreaming about millions and millions... It's something like when you are gambling and having a lucky streak... And you think it will last forever like that, and you gamble until you lose it all... But, compounding is maybe even worse as you have a feeling that you are having more and more money, which actually, isn't true... If you are compounding, you have invested your crypto/money on some platform, smart contract, or something third... Those assets aren't in your ownership (not your keys, not your crypto...), but in another place which directly means that you aren't winning (or losing) until you CASH OUT! Many people forget about that... It's very similar to when people say that they have lost money on crypto when they bought some tokens at a certain price, but they dropped in value... You have lost money in the moment when you have withdrawn (sold) your crypto asset for cheaper than you have bought... If you are HODLing, you still have a chance to WIN at the end... --- Back to compounding... I have picked this topic as nowadays, there is more and more Defi project out there and not all of them are valid and honest... Many of them have some juicy rewards at the beginning and it's hard to recognize which one is reliant and trustful... The thing is that even those that are can have nice APRs at the beginning... Now, if you add to that already juicy APRs the power of compounding, you can get some very interesting numbers... That is probably where our human greed comes to the surface... We compound it all and watch how the number grows... Until we got scammed and lose everything... But, there is a "half-solution" to the problem of staying safe, but still, enjoying compound interests... **When you have a chance, cash out a PART of your profits and compound the rest!** In that way, you will get back part of your investment during the riskiest period (and most often the most profitable), but still grow your part of the cake... You will maybe earn less in the long run, but if something goes wrong, you will not regret being too greedy!

Thank you for your valuable time, ~ph~ ------------------------------------------------------------------- Music in video: Growing Up by Scott Buckley https://soundcloud.com/scottbuckley Creative Commons — Attribution 3.0 Unported — CC BY 3.0 .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. Don't forget to follow my channel @ph1102 and stay connected with all the great stuff around Hive, LBRY and LBC!!! .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:.

Yeah, some cold weather is coming to my place, and I have luckily done my recordings this morning... When it was still OK... At this moment, we have heavy rain and very strong wind, so no leaving the apartment for some time :) Anyways, the show must go on, I mean, the #2020Vision challenge must go on! I'm on day 16, and everything goes smoothly... More and more people are asking about the challenge and joining us! You can find more details about the #2020Vision challenge in the first post by @pixiepost here: https://steemit.com/dtube/@pixiepost/d1iqjwufnb5 ~ph~ ------------------------------------------------------------------- Music in video: Growing Up by Scott Buckley https://soundcloud.com/scottbuckley Creative Commons — Attribution 3.0 Unported — CC BY 3.0 ... https://www.youtube.com/watch?v=ZcHbrjis1kw

If I understood well the [post](https://peakd.com/takeaction/@elianaicgomes/haventyoucheckedityetyo-65h418344087j00q7846bu080egy7n73) by @elianaicgomes, the title is a quote by famous Youtuber Russell Brunson, who has also started his career in the basement... It looks that there is no quality business without a good basement or garage... Just kidding... :) Anyways, this quote got my attention for one specific reason, and that is that I don't agree with it... lol... I mean, I do get the point where he was going when he said that, but we have to look at the big picture sometimes... And it just reminded me of another great post that I read here on Hive by @denmarkguy, where he was writing about [ideologies and how they aren't real-life](https://peakd.com/hive-122315/@denmarkguy/ideologies-aren-t-real-life)... Well, I would say that this quote isn't that right in every case... The perfect example where this quote doesn't work would be #decentralize #socialmedia networks as Hive, LBRY, Blurt, or even that one which begins on S... These networks have a model where they "incentivize" content creation and reward authors for doing that... If we would take that quote and implement it here, it would be like "produce content, but don't consume it" which will be totally opposite to everything that we are doing here... It is a truth that there are many creators that "use this model", and create content with zero value, just for the sake of rewards without contributing to the platform at all... You can check the late post by @pixiepost, where she was writing about this problem and [creating content with purpose](https://peakd.com/hive-167922/@pixiepost/lvbfcxib)... I have left my opinions about this topic in the video... Please check it out and leave a comment about it... What is more important from your point of view? Is it possible to have one without another? Sorry about the wind in the video... :(

Thank you for your valuable time, ~ph~ ------------------------------------------------------------------- Music in video: Growing Up by Scott Buckley https://soundcloud.com/scottbuckley Creative Commons — Attribution 3.0 Unported — CC BY 3.0 .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. Don't forget to follow my channel @ph1102 and stay connected with all the great stuff around Hive, LBRY and LBC!!! .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:.