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RE: What is the overall health status for Hive?

in Deep Dives5 months ago

What is happening with HIVE and HBD seems pretty normal. I am mainly seeing the value of the other 2nd layer tokens decline dramatically. Not just a few. It seems to be happening almost across the board. It made me wonder if some of those people were selling stake.

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The new second layer, with its promise of better service, is likely taking the wind from h-e's sails.
I took out almost all of the non-bee assets months ago.
The trading volumes collapsed may '21.
To the point that the bots I bought bee to enable were useless.

I'm seeing a long crab walk at near the bottom, but eventual recovery, presuming new users finally get here.

Where is the new second layer? Do I need to do anything or is what I have moved over to that automatically?

Vsc is the project name, spk.network should go active this year, too.
You won't have to do anything, vsc and spk will put out ui's that will serve as gateways to their services, but those aren't live yet.
Vaultec is the lead on vsc, you could follow him for updates.
Cttpodcast is the source for spk.network.

Thanks for the info.