Alts overall this cycle aren't doing much, that's because of the institutional players involved now. Bitcoin is the gold standard, ETH is the oil, and then you have things like Solana and LTC looking at getting ETFs as well. Other than that, I say you can blame all the shenanigans with memecoins and scams that have put a bad taste in people mouth's over the space as a whole. From what I am seeing, it's not just HIVE that is bleeding. Hive's biggest problem, is, and always has been, the sell pressure coming from those at the top. Most DPoS systems are concentrated at the top, and those players are always looking to take profits.
I haven't seen those "Korean" pumps in a long time either. When prices of an asset do not 'number-go-up', then people are not interested. Hive's earn for nothing model and inflation doesn't help either. People can come in, get AI to write some posts, earn some coins, powerdown, and dump without having any real value ever put into the ecosystem. There isn't any value proposition to actually buying HIVE at all other than governance stake, which honestly, nobody cares about governance really, they just want their bags to pump. That's why there aren't that many real world businesses that have made it here other than Splinterlands, and it's not doing very well these days from what I understand.
There has to be a solid value proposition for people to want to invest into the HIVE token enough for the price to move in a significant way, and it's just not there anymore.
I like to think of HIVE as an alternative to NOSTR where you can actually exchange value (on NOSTR you have to KYC to attach a wallet). If VSC allows users to deposit and withdraw any cryptocurrency, maybe HIVE would get some eyes as the decentralized social media protocol.
Throwing thoughts out there.
It's been a hope and a dream for the last 5 years... Still waiting... lol...
people or at least a vast majority of them don't really care about the decentralization aspect.
It's a shame, but more importantly, it's an indication that the incentives of the protocol are misaligned.
You are spot on. It's sad but very true !ALIVE !BBH !PIZZA
I never had to KYC to get on Nostr.
You don't have to KYC to get NOSTR, but if you want to connect a wallet, you get this:
Not sure what screen that is, but there is lots of ways to get on Nostr and use Nostr and there are many ways to create a lightning wallet and KYC generally isn't needed.
This is Primal. It requires KYC to use the built in wallet.
Connecting a wallet to Primal requires using NOSTR WALLET CONNECT (NWC), which I tried to do, but was very difficult so I gave up.
Don't get me wrong, I also use Lightning all the time, mostly with Wallet of Satoshi. There are plenty of businesses that accept Lightning payments where I live.
This isn't required. I opened one last week and did not have to do this...
That said NOSRT is very overrated and its retention rate is even worse then ours here which is saying a lot.
!PIZZA !ALIVE !BBH
This is Primal. As you can see, the Primal client requires KYC to use the built in wallet.
Connecting another Lightning wallet to Primal requires using NOSTR WALLET CONNECT (NWC), which I tried to do, but was very difficult so I gave up.
Which NOSTR client did you use? I might give it a try.
This isn't so, most are 400% plus above 2022 bear low, give us 35% below its 2022 low. It's not alone, But the majority of space is in a bull cycle.
I will say some.. Not most... My point is they aren't going to be running thousands of percent like many have done in past cycles unless you are gambling on complete shitcoins. The market is more mature and liquidity is pooling with the top assets. The proof is in the volume and marketcaps... Most run because algorithms control the markets and try to run with bitcoin unless there is some kind of fundamental play that causes it to crash, or it's a rugpull. But anything on Binance and Coinbase is all controlled by bots at this point, so it's the whole rising tide effect, but that correlations is starting to break.
It’s good long term that we don’t see everything move up , literally 2013/2017/2021.. irs better long term these things gain own movement not just follow Bitcoin. But I must disagree on one thing. It is most, when talking being well above 2022 low, 95% plus are indeed. Hive isn’t alone, sushi swap & REN are down more than Hive from each 2022 bear low just to name a few. But most indeed are higher than said low in 2022. We are in the smaller group that are in bear market while most in bull. !BBH !ALIVE !PIZZA
but our points still remain same, not a big deal where we disagree.
For sure. Well, I will venture to say that 95% of the stuff out there is trash anyway, so I only watch a few things these days, lol. I narrowed my focus on an insane level, and it has paid off in spades, lol. So you might be right on that, haha.
We definitely agree on that!
Even some of the “biggest” are trash indeed. !BBH !ALIVE !PIZZA
!LADY !BBH !ALIVE !PIZZA