I think the major issue with $HIVE is it's still promoted as make content make money. The issue with that is a lot gets cashed out while there's currently ZERO ad revenue coming in to support the token price. Am I wrong?
I think the major issue with $HIVE is it's still promoted as make content make money. The issue with that is a lot gets cashed out while there's currently ZERO ad revenue coming in to support the token price. Am I wrong?
5 of our top 10 elected witnesses who are paid to secure the chain are powering down and dumping.
Literally ZERO of the projects receiving money from the DHF are profitable.
That's what I don't get at all why aren't these projects held to make revenue like a real business instead of just constantly sucking money out. I feel like any time I bring it up I get muted and blocked as well lol
Yeah, as a content creator relying on upvotes to make money, you're crazy for rocking the boat by talking about this ;)
Like why is it so hard to ask them to treat it like a real business and generate some damn revenue instead of constantly asking for funds. I can understand once or some startup funds for sure but constantly doing it year after year...
It's not hard to ask them.
But those currently with large stakes that keep the money going in that direction, are financially incentivised to keep the status quo.
Why would they change if they're getting endless free money?
I completely agree. Even non-profit institutions need to make money to sustain their business. We can't just ignore all the revenue potential for no reason
The top 5 also constantly cashing out isn't the greatest either but it make sense since they do have operating costs. There's just way too much going out IMO and it's constantly what drags Hives price down.
If we really care, all we can do is get enough stake to make a difference with our votes.
I dream of a day when LEO allows our community to become a genuine HIVE voting block.
To make real change.
Very good point and part of the reason I'm building up that hive.
now that’s an issue
It is an issue. And the true is people is entitled to use the liquidity for their benefit, not just support the blockchain, but balance has to be the key, at the end, it won't benefit anyone if Hive fully crashes
I think it's totally fine to promote it as a make content and cash out. The issue is that value needs to be supported by something. Right now you have two major exits. 1/ 🧵
You have the exit of UI interfaces like Ecency, Peakd etc that ask for money from the DOA and then cash it out to support the development of their applications. 2/🧵
You have the exit of funds from people making content and just cashing a decent amount out to either fund themselves or other projects outside of hive 3/🧵
You have ZERO funds being generated by these front ends to prop up that price and hold the value it's a total exit for the most part. These front ends should be coming up with ways to monetize and be a real business instead of asking. 4/🧵
yeah, very true.
Bro I don't get it but at least Leo is finally on the right direction IMO.
i think so too. maybe we see a flippening?
I mean at these hive prices it wouldn't take much
leo goin to 69 cents
Cashing out cryptocurrency is cool. Multiplying that same cryptocurrency is WAAAAAAAAAAYYYYYYYYYY cooler.
People understand BYOB, but what if-- as @taskmaster4450le suggests-- we can be our own eurodollar system? That needs 2B explained.
Need money coming in to keep paying out....
This is true,and it's also where I fall off the train.
I think that is definitely one of the problems. I think the RCs issue is a better use for HP but that would require a decent number of good apps sucking up transactions.