If HIVE did suddenly spike to several dollars would we want to see lots of people dump? I know your view is different to mine given what you have invested financially. I'm happy to ride out the bumps for now.
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I've heard this hypothetical point brought up in response a lot but see no reason to even take it seriously.
Many tokens with no staking mechanism at all have gone up many times over in a matter of days. Are there then some selling? Yes, sure. But that didn't stop them from still growing to become top market cap tokens.
The solution is to keep adding more reasons for people to want to buy HIVE and/or to stay vested. Not to do whatever to make it harder to sell.
So what was the thinking behind 13 weeks and 104 weeks before it? I don't claim to understand all the economics. I have concerns that we would see more people dump earnings rather than keep them staked.
I don't think that's a reasonable concern. The problem isn't people selling. The problem is people wanting to sell.
Flip it around: If you have people who want to sell their HIVE but can't, do you believe they are going to be good participants in governance or curation? If they want to sell, the problem has already occurred imo.
We each have our own motivations. Have to make Hive a platform people want to keep a stake in. Not always easy, but worth trying.
Some would, and others would be attracted to posts that are now saying $200-$300. I wasn't here for it first time around, and that will attract more authors (for the wrong reasons albeit), but it will create noise.. and that's what we want as right now HIVE is whimpering and drowned out under all these more exciting things.. such as dare I say it.. DOGE (which is a load of crap, and we all know it).
Saw this story of someone at Goldman Sachs who took profit from DOGE and quit his job. I expect a few people will be able to do that. I expect it to crash eventually as it's all hype.
Steem had posts making $10,000 in the early days, so that generated some news, but that was due to skewed rewards and it got changed. Hive hardly gets any news stories that I have seen, but it's hard to find them due to the name. I am seeing people come back to it though. We need something to take us well ahead of Steem and then we might see real growth.
!BEER