Well mate, I am not really sure what would drive the price to go up anymore. Even tho Hive is "new" in da hood, everyone's hope is that when the BTC smashes it's previous ATH and money start flowing towards the alts we'll be noticed, the very same way it happened with Steem when during the previous bull run Steemit platform was overcrowded.
IS that enough? Hell no.
I do understand that there are a lot of things that should be fixed/ had to be fixed in order to promote Hive as the perfect place for devs to build their apps on, and market immutability that would drive big names who are censored on other social media platforms to Hive, I just don't want "us" to do in the very same mistakes we did on Steem.
We need to think outside of the box...and I guess to continue being patient(?)
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Yea, I don't think that is nearly enough either. There needs to be real demand drivers for Hive, especially if we are going to move the social rewards to layer two and slash the inflation. The way things are being talked about I just don't really see where this demand is going to come from? Is resource credit demand going to be enough to move the needle as that is really the only place I see it coming from?
Who knows? Perhaps if the cost of RC's in order to interact with the chain go 1000x we might have a chance
The number of users needed for that to be the case is many multiples from where we are today and when you factor in the ability to rent RCs, the number of users needed probably goes even higher.
Very good point. There's currently plenty of empty space in the blocks. Each contains about 20-40 transactions only and a similar amount of virtual operations on top of that. A small percentage of 64 kilobytes. When the blocks start filling up, only then will there be a real increase in the organic demand for RC's and thus HP.
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Yep and it will take a big increase from where we are today to start filling up blocks... how do we get there?