As Bitcoin is climbing it has uncovered a flaw with Hive.

in Hive Governance6 months ago (edited)

Everything is pumping right now and crypto has been going up as a whole for the past few days and maybe even weeks. Most people that have been in crypto a while know that is normally results in all other alt-coins being dragged up in price too, this is not the case with Hive and a few other coins.

To me this is indicating that there are not enough people looking at Hive and even if they are the amount of people investing is little. The people that are already here are the ones making the price go down while everything goes up, again to me this another bad sign. This means that more people are selling than buying (or larger stakeholders are selling). I understand people may be powering down and selling their Hive they got from the hardfork and this could be holding the price down but we should be obtaining users to buy those people out. Instead of going up with the rest of the coins we are going down, We are not even staying at a stable price.

My question is what is being done about this? I have seen 1 proposal for ads and I believe that the proposal has expired. We need to get some ads out there, we need You-tubers to talk about us. We need the word to get out there. We can have ads funded via the proposals systems very easily so why are we not?

Just tagging some of the Witnesses and Bigger stakeholders here to hopefully get some eyes on the post. @blocktrades @gtg @rolandp @anyx @themarkymark @good-karma @ausbitbank @someguy123

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Ultimately, I think the real problem is that the Hive developers still labor under the same delusion that the Steemit developers have for years.

No, not that China should be the authoritarian censor of social media. That's a new development.

No, I literally mean that the token represents the value of the content of the blockchain. They either never new or completely forgot that tokens are not valuable in and of themselves – they are only valuable insofar as someone wishes to possess them in exchange for something else.

You can buy and sell things with bitcoin. Real things. Actual things. The token has value insofar as someone wishes to take it in exchange for something that you want.

For both Steem and Hive, the only value is the intrinsic value of the content being generated and placed on the blockchain. You acquire token as a result of creating that content or showing it to other people. You park that token, locking it up so that you can't trade it away, in exchange for the potential ability to make more of it, in a real sense. The only reason to gain more token on Steem/Hive is in order to make more of it in the long term.

But that requires that the social media component of the underlying platform be valuable enough to enough people for them to go out of their way to engage with it through the medium of the token.

Unfortunately, it hasn't been for some time. It's just not. The number of diverse posters has dropped. The diversity of content has dropped. The amount of content which is worth reading here? Dropped. The actual underlying value proposition of the token – blown away.

There's just no interest in recapturing it, either. Look at the proposals about the available platforms for interacting with the social media side of things. Are they about improving the environment for creators? Are they about making it easier and more transparent to consume that content that people consider valuable? Are they about customizing the experience for a given consumers so that they get more of what they like?

No, they're about tinkering with the mechanics of the token. They're about creating hype rather than content. They're about screwing around with governments – something that nobody except whales and a damn few of them actually care about.

Hive doesn't have even the Jesus-money that Justin Sun has to play with. So they can't get ahead on raw investiture, they've made it publicly well known that they are perfectly willing to take away the ability for large investors to make use of that investment on the blockchain – one of the core elements of selling the blockchain in the first place, and they don't care about creators.

Aside from a general air of bitcoin raising all boats, why would it go up? There are a lot of reasons for it not to. That it hasn't crashed out altogether is probably a miracle in and of itself.

Im powering down cause the community gave 30k to a girl for basically being a pretty face on hive.. #simpchain

Dude, they'd been doing that since the beginning. @sweetssj was a solid harvester since day one.

But even that's an improvement over a platform purely populated about content about the platform, right?

You made a point...

I don't understand how the inner economic of Hive works that deeply, but at some point its not normal seeing that the value tends to be on the downside instead of follow the bitcoin as it should be.

Hope some one bigger sees the post.

Greetings from Mexico.

The ads proposal would be good. You are right the only people selling/buying are already here not many new people is my guess.

Dear @btcvenom

I've noticed that you terminated your delegation to project.hope (which I'm co-founder) and I would like to thank you for all the time you were supporting our efforts.

I like to collect feedback whenever it's possible and I was wondering if you could share with me what was the cause of this cancellation? Perhaps we did something you disapprove? Just wondering. Feedback only helps us to get better and I would gladly appreciate it.

ps.
I've seen some of your content and I would like to share small recommendation with you.

Consider joining Project.hope community. They like to share publications related to technology, blockchain, AI and economy, marketing etc.

Link: https://hive.blog/trending/hive-175254
Our discord server: https://discord.gg/uWMJTaW

Yours, Piotr

Hi @crypto.piotr

I removed the delegation as I have decided I will be manually curating from now. There was nothing the project done that upset me or I disapproved of at all I am just simply taking back my delegations from everyone! I appreciate the work you do with project hope and will possibly give you guys some delegation again in the future.

Cheers
BTCVENOM