Indeed it will be headed lower, as activity has been in free fall for years. I love Hive & our small community, but the future is not so bright when looking at the collapse of active accounts and volume. I’ll always love Hive, but pretending we aren’t heading sub nickel next 18 months is silly. Not to mention HBD peg is the last of the artificial stable coin pegs and it needs to be unwound before it breaks next couple years, I wish more people were realists instead of just shouting moon! It’s good to see someone who’s heavily invested over 600K HP actually be realist & honest this thing can easily collapse if we keep bleeding users without adding close to what we loose per year.
!LADY !PIZZA
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The accounts are going down because most people are here to make money but the rewards are going down.
HIVE is inflationary. There is no logical reason to assume it will go up unless the existing whales keep buying or we onboard users that are already rich and want to spend money.
Definitely for a portion yes all about rewards decline, but as someone who’s posted daily for 5 years here and spent 40 hours on average minimum a month on Hive I can tell you much was not about rewards but more about DHF waste & abuse, again no doubt a large % was about rewards but many it was the witnesses supporting funding projects who refuse to show data and receipts for funds spent. There is shady biz going on, it doesn’t make sense otherwise why some of the largest accounts keep supporting waste & abuse and ignore the calls to demand simple receipts for what’s being spent. !PIZZA !LADY