A hivian is a lot of things, can be a trader, a developer, a blogger, a gamer... There are a lot of faces of the same coin
A good one, I guess is one that doesn't cause harm
I have the feeling one of the big problems, and that's the reason for the low price, is that it's just too easy to earn hive... Every day people get hive for 'free' just posting or commenting, but on the other hand there is no mechanism that burns hive, so the supply keeps going up and up endlessly... It's like on games likes risingstar, you can climb for free, farm tokens endless and it's a win-win for everyone, result token has no value... Hive is the same, everyone wins, no one loses, and that's the problem, there has to be someone that loses (aka sees his hive burned somehow) to keep the balance, like on trading, for one that wins one has lost
I have a different perspective on this. There are zero sum trades that require winners and losers and then there are mutually beneficial trades where both people win.
For example, I think investing in stocks are mutually beneficial trades because if you are the buyer you get some stock and if you are the seller you get some cash. Win win.
Option contracts are zero sum trades. There is 1 winner and 1 loser.
Most of crypto is zero sum trades. I think Hive "can" be one of the exceptions but I want to put an emphasis on "can."
In my opinion, Hive can be a mutually beneficial trade if people are investing in the ecosystem vs trading the token. There is a difference between trading and investing.
So it really just depends on what the average stakeholder is doing. Not all stakeholders but stakeholders on average. In my opinion anyways. 😅
Hmm but in stocks there's still a winner and a loser, it's just more intricated... you buy at a price and sell at an other price, if you sell at lower price, you lost the difference, if you sell at higher that difference is still coming from someone else pocket
Oh yea, trading and investing is totally different, no doubt on that
I keep trying to respond but then restart my comment because the answer gets really long and confusing. I have done this a few times now so instead I am going to go drink a beer and eat a cheese burger 🤣
hahaha at full stomach might be easier to write
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Media of exchange have no value when no one wants them, and they can't be exchanged. That hasn't quite happened yet to Hive, because there are still people here. There's fewer people every month, and this is why the token has progressively less value. There are reasons for Hive's terrible user retention, and the primary amongst them is the tiny fraction of the inflation that makes it to plebs. We don't need new users that we will just lose. We need to improve the retention of the users we have, and that will require enabling them to attain more Hive.
The KE ratio falsely implicates plebs in the problematic dumping of tokens. If I dump $100 worth of Hive on the market (which I have never ever) it would be ~5% of my holdings. This would impact my KE ratio, which is already above 1 despite I have never sold a single token. However, if a whale dumps $1000 of Hive on the market it would be an insignificant fraction of their holdings, and would not impact their KE ratio significantly. The KE ratio is deceptive, and misleads people to believe folks with high KE's are problematic for Hive.
They are generally not. Whales dump almost all the Hive that hits the market, some tens of $'s every month. For them these are paltry sums, and they do not significantly impact their KE. Last week Holozor posted a list of the top people that have dumped Hive on markets. Almost none of them had KE's over 2.
Tokenomics is a large part of Hive's weaknesses, and it is those with the tokens that manage tokenomics. It's not the UI, it's not plagiarism, spam, or scams. It's avarice above all else that is dumping the price and shedding users. It always has been.