Thanks!
I'm not actually worried about the next year or two... I'm mainly trying to get my head around Hive over the next decade or two... but maybe that's a ridiculous thought-process because of all the unknowable variables.
I guess the question with the @hive.fund is if that spigot was turned off, would $HIVE lose value? Possibly again unknowable because Steem/Hive has never not had development.
Hive pumping hard has always seemed like market speculation to me rather than an intense need for the tokens... but yeah, happy to wait out the cycles to see the overall trends. Hive isn't costing me anything but time and effort and I've enjoyed it so far.