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RE: Venezuelans, Cryptos and Hive - An Explainer

in LeoFinance3 years ago

Please do, bro. Out of all the people I've met in this platform, you and @vincentnijman are the ones whose perspectives I appreciate the most, I'm glad we met and I'd love to see what you think about this topic.

I think the issue with the value is about rate of expansion vs. rate of production. Essentially, the more people hold HIVE, the more territory HIVE occupies, but the thinner the shallower the penetration is. This will improve as time goes by, but right now, I think it's generally a good thing even if it's a bit frustrating that the price remains frozen, it means the HIVE tree has a lot of branches that are only now bearing fruits and seeds.

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There is a much bigger conversation I want to have about this but the summery is:

It’s really about the quality of users and the ability to attract new users of similar quality OR investors who use their stake for deflation and curation. We need both and the problem is that too many of one may scare away the other, but this is solved when enough people are dedicated to the platform. So I think those who cash out are as welcome as they are dedicated to contributing to the platform, whether it be by the quality of relationships they build or the effort they put into content creation or outreach. There are many ways to contribute!

The price will always go up or down based on how much people are willing to buy or sell it for, so if people want to sell I recommend they don’t accept low prices unless they have no choice.

Also the best way to handle the amount of people trying to live on their hive earnings are to increase the ways which people can use hive. It would be much better balanced if more people offered their goods and services for hive. It’s not easy when there is limited usership but hopefully once people start meeting up again it’ll get easier.

This platform is only starting! And there will be other projects to pursue as well.