no one complains about 100% "self-upvoting" on a defi farm because that's the entire point
That's what I've been saying all along.
Why would anybody lock their stake away for weeks, making it nearly impossible to fully take advantage of bull-runs, just to "give back" to authors?
As sad as it sounds, current day Steem is far more lucrative to be powered up than Hive. Because 1.) overpriced SBD, 2.) TRX rewards, 3.) nobody gives a shit about self-voting aka yield-vote-farming and 4.) 4 week powerdown.
Yeah it's so easy to get all high and mighty and pronounce why Hive hasn't gotten back up into the top 100 market cap. At the end of the day that's all wild speculation. I think we just need to keep our heads down and keep building.
I patiently await the day that Steem's complete lack of development catches up to the network.
Hive is not in top 100 because its use-case isn't clear, stakeholder/tokenholder incentives are outdated and core development focused on fixing tech debt/improving core code.
I know you play Starcraft so you're familiar with keeping the balance of building out your economy and building up your army/defence + putting out aggression against the enemy/ies. If you go full-on economy and your enemy goes aggressive, you're done.
In the case of Hive, we're not done, just lack behind any project that has A.) a clear use-case (Theta, Uniswap, Solana, Eth,...) or B.) uber-incentives for tokenholders (Any DeFi protocol) or C.) hype (Doge, Safemoon, Shib, ..)
Could be. Or we could also steer in the wrong direction. Difficult to say. Depends on how successful blocktrades' implementation of an SC-layer is and whether we'll be able to keep/get projects building on it.
Sadly, I don't think it will matter much unless we're talking uber long-term, similar to how BSC's lack of decentralisation doesn't hinder its growth so I don't think Steem's lack of development won't matter much within this bull-run.
good points.
I'm very curious to see how 2022 pans out.