The fees are one of the main reason all these new ERC-20 tokens actually add value to the ETH market cap, it keeps a steady pace of demand for the main fabric coin. With HIVE not having any fees, will things built on top of HIVE truly add enough value to counteract any value that they might pull from the project? I actually just posted about that today :)
https://hive.blog/hive-167922/@jrcornel/what-is-going-to-drive-demand-for-hive
Fee-less is not free.
The fact is that people need those RCs to interact to avoid the "fees". This is how we pay out fees.
If Hive got a small amount of that same type of traffic as Ethereum, in terms of DeFi, the thirst for HIVE would increase a substantial amount.
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Well sure, and if HIVE got the same amount of money invested in it as BTC, it would have a tremendous market cap! :) Tongue and cheek I know, but how are we going to bring that level of defi interest here? Just because you build the defi product doesn't mean anyone will use it. I've seen plenty of defi pools with no volume, in fact that is pretty much the norm.
I think yes, because users still need to stake a little bit of HIVE to gain resource credits in order to interact with second layer tokens and smart contracts.