Bitcoin World Tree: Hive is Agave

in LeoFinance4 months ago

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And so the World Tree of Bitcoin dropped all kinds of weird fruit and seeds on the ground, and many of these seeds took root.

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Check it out... Ethereum and and a handful of Tokens!

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But ETH was not the only thing to fall off the tree.


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What is that weird thing?

I call it Hive... we watered this one too much last time during the Great Flood and it's been recovering for the last 3 years. Hopefully the caretakers have learned their lesson this time around.

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The World Tree doesn't live forever, but with a little luck, the life that it leaves behind will thrive and adapt to suit the environment. Not the other way around.
Bitcoin is Alive: The Armadillo Analogy



In 2017 when everything was mooning, we all cheered.

Sweet victory, amirite?

Was it really though?

Volatility can be seen as an attack against the network in question. We've all seen how a hostile takeover works. When a currency is no longer stable in any sense, it becomes quite difficult to call it a currency. Perhaps that will change as more abundance mindsets replace those composed of artificial scarcity.

Regardless, as price pumps, somebody is buying. Do you trust the people buying? Do they have everyone's best interest at heart? On average, the market is very largely neutral, with a bell-curve of users in each direction on the spectrum.

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Where do you fall?

If Hive were to say get pumped x100 again over the next year, that would be BAD. Too much water for Hive, Hive can not absorb that much liquidity or growth. Back into another 3 year bear-cycle we will fall.

Sell the peak, buy the dips

This is the only way to increase stability. Interestingly enough the market rewards us for our efforts. The problem is we guess far too often where the top and bottom are, rather than employing measured hedge strategy. All too often we will impulsively move all in or out of a market, leaving little to zero buffer should things not go our way.


No, it doesn't help that HBD needs fixing.


The more a market moves in one direction, the more we should be willing to bet against it sliding further, for both pumps and dumps. This is the value of Uniswap pools and Geyser rewards. We are rewarded to bet against the market, and lower volatility.

Controlling liquidity is key.

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Hive is alive

So tell me, are we treating her with respect?
Are these sustainable practices?
Hard questions need answering.
But the likelihood of many being blinded by this next sprint is high.

Conclusion

Money is only part of the equation. We need sustainable growth, not this cancerous corporate growth that we are used to; our very mind-states tainted by lifetimes of celebrated corruption. More money doesn't always mean more better.

Volatility can be a weapon.

And it cuts both ways.

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Hive needs to hit a price where it can hold for a long time. As much as I would love to see Hive hit $1 or $2, if it only stays there for a couple of days or even weeks, that isn't going to help anyway. Sure, it might be a win for the people who have massive amounts of liquid Hive sitting in their wallets. For the people that have been here building for 3+ years, they would barely be able to take advantage of it. I'd rather see a slow climb to a sustainable price than a moon shot. Now, some of my other holdings? They can moon anytime they want!

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80 cents is a good target. Once we hit 80 we'll stay above that for at least a year. The question is can we hold the line once the bull market is over

$.80 sounds fantastic to me. As does the year time period. It gives those of us who are committed a good deal of time to continue growing while still taking a little on the side for remind ourselves it hasn't all been in vain.

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We need sustainable growth!

I can certainly sense HIVE is on the verge of a new era.

Tokenised communities
SMT
HF25
Major Partnership happening
Big Investors investing

Let's make things happens. It's all in our community's hand!!

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big investors investing?

We're gonna make them invest in HIVE

Some are accumulating HIVE silently

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hmmm guess i better stop spending mine on blockchain games then LOL

More money doesn't always mean more better.

Hive price going up slowly brings goose bumps for everyone, but I completely agree with you. For me I'm not even considering what's the price of hive is. All I'm looking is to community growth, more projects, better infrastructure, sustainable solutions. That's what will create the difference. Going up 100x and then dumping back, there a lot of users make money and other lose. In the end it doesn't reflect the value chain is bringing. I'm not even considering selling my hive if it goes 10$ a hive. What I'm doing is continuously use it in various hive ecosystems, either they are games, or dapps or passive income or whatever. Those are the ones bringing change and innovation. That's what we want for hive.

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If Hive is agave then Leo is tequila?

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No marketing and poor leadership didn't help when you think about the 3 year long bear cycle. Also our "leader" at the time sold us to a little frustrated dictator so ... there's that :D

Hive doesn't need marketing.
Theoretically it should market itself and it's the dapps that need to market.

I also get the feeling that once our 22KB bandwidth per second gets taxed to the limit we'll be hoping people forget about Hive for a while. No blockchain has enough bandwidth for mass adoption alone.

we still have more bandwidth than ethereum if I'm not mistaken, so we're still ahead of the curve

Sure but ETH also isn't clogging up their network with raw text via a blogging network. It's not hard to use 22KB a second. That being said, resource credits are so cheap their value rounds down to zero. So there is that.

make RC require more HP and problem solved :)

RCs are basically a derivative of bandwidth.
It's not a problem that bandwidth is free right now.
Many see that as a feature.
It won't last forever.

In any case, I'm pretty sure the system works by increasing RC costs,
not lowering the amount of RCs you get from HP.

I was implying that RC costs will increase if we'll have too much traffic

I like pictures keeps me focused

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Turns out you CAN polish a turd.

I made the mistake of going all out at a bit of a higher bitcoin price now I’m paying for it lol. Day trading isn’t easy!

Remember when there wouldn't be an altcoin season because institutions only buy bitcoin.

Nothing to add really wise words in my view, we need to be careful gardners not greedy and void suits.
That red mage robe suit you so well :)

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