Hive supposed to survive the next big civilization crash or even just economic crash?
Im not so sure what this chain can survive.
To me it already looks like dying. Too low liquidity. Not only too low price...
At some point it is not worth it anymore to run the nodes...
Maybe we have already reached that point and the greed of the circlejerks of our witnesses have destroyed themselves?
I don't expect them to run nodes altruistically.
And that was also not the design of this chain.
But everything is already corrupted and that's also the reason why it is dying right now.
And that all at a point in the history of the internet where we need something like hive more than ever before :/
Hmm maybe we also face other problems already, also close to a systemic collapse with these witnesses circlejerking and extracting for too long risking that their nodes ain't economical anymore.
As already mentioned, I don't expect them to run their nodes altruistically and that was also not the design of this chain.
But it appears that the greed has destroyed themselves.
It will be very interesting if this chain can just survive until next bull market...
I'm in for the ride. Won't quit now.
Just want to share my thoughts.
But will soon do my last power up.
Hopefully 4k or even 5k.
In hindsight..
I should have also powered down and paid out.
Like those all those people doing it.
Especially because I really need money to survive. But I was too loyal and only powered down and paid out once, when I was homeless and struggling to survive. I never was rewarded according to that. While the biggest permanent power-down and paying out people got dozens of HBD on their generic posts..
You get what you reward. Simply: incentives.
Maybe this platform has truly earned its self-destruction.
And again:
Sadly at a time in internet history where we really actually need something like hive.
I'm not absolutely pessimistic, but to be honest: also not too optimistic anymore.
Any thoughts?
@heimindanger is also already warning a lot about actually very dangerously low liquidity.
Hive will be fine, presuming we get distribution at some price point.
Classic case of:
It will work until it won't.
especially with these destroyed incentives + low hive prices + high hardware prices due to AI -> therefore no chance as node operator to become economic, even as whale witness circlejerk, let alone as new hive node operator
At what price point do you presume distribution?
And at what price point do you see the danger of hive system collapse?
(high hardware and electricity node prices + low hive prices, even for whale witness cirlcejerks - but I dont wanna repeat myself too often)
I don't think we get distribution until the 'under new management' sign is proven to be true.
But, the price might be pretty low by then.
Which sign?
Or do you say it hypothetically: we first need "new management"
What do you think needs to happen to make it possible?
And how to prevent Hive from stalling/ breaking/ systemic collapse WHEN it happens?
People have to buy in, there is no other way.
The current proffer has been rejected.
Until word gets out that it's no longer 'like it, lump it, or leave', and that distribution has provably occurred, all we can expect is more of the same.
I don't think Hive is dying. People are still building, and people are still posting. A part of Hive does seem to be dying, though...
The profitability.
For people like me, who just come here to have a social media space that's free from the overlord's algorithms, Hive is better than ever.
For people coming here thinking they can make a living just doing social media posts, Hive is worse than ever.
Personally, I think that's for the best. There isn't one creator on Hive, and there are less than a handful on the internet, who deserve a livable income for what they post. Most people who earn well on the internet do so because of who they know, not because their content is valuable. This is true not just on Hive, but everywhere.
It looks to me like it's even true for you.
I see $.30 worth of rewards on this post already, and if we're being honest, this is a post that has no value at all. You're simply adding your opinion to an already very large pile of similar opinions. What objective value does that have? I don't mean that as any kind of insult, but rather to point out that the value of anything we do here is largely subjective.
There are hundreds of people here who are more passionate about the idea than the token price. Maybe the people running nodes now will do it altruistically, maybe not. I think there is a pretty good chance that if the whales all withdraw tomorrow, someone is going to take their place. There are already dozens of people running low-ranked witnesses for no reward.
I've seen a LOT of people on Hive claiming that Hive is dying, not because it's actually dying, but because they think they aren't getting rewarded enough. I'll happily agree that the whales get rewards that they don't earn or deserve, but that means that whales should be rewarded less, NOT that everyone else should also get rewards they don't deserve.
Of course, the whales aren't going to reward themselves less. If the people complaining about it became whales tomorrow, they wouldn't reward themselves less either. This isn't a problem with Hive, it's a problem with people. We constantly sort ourselves into systems with a few elites at the top, some castaways at the bottom, and the vast majority of people somewhere in between just trying to live their life without getting too drawn in to the problems at the top or the bottom.
It looked to me like that exact same sorting pattern was repeating on Blurt. It'll happen to the next spin-off as well. This isn't a problem people can code their way out of, moving out of this behavior is going to require people to evolve.
Hell, if Hive gets that close to death, I'll probably set up a node myself.
Great point, and I aggree. We need a few things which are either possible or not. Whale resistance in some way. I know Hive is designed in a way that HP is king everywhere, but there should be some other metric when weigths are calculated. It is not the best solution to have some whale decide who may not even know what are they doing while smart people here don't really have a say because of small stakes.
The same is true for visibility of posts. If you already have a big follower base you can post almost anything, there will be upvotes. While quality content dies on the sidelines because nobody sees it. So we need more tools and better mechanisms and places where these posts can appear.
Thank you, very well put, I always call it "same as it ever was", and you've put a complimentary spin on it.
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