What's going on?

therealwolf (76)in #hive • 3 months ago (edited)

Bitcoin is crushing Marketcap ATH. ETH, XRP and other alts (including Steem) have double/triple-digit gains. And where is Hive?

The reason I believe Hive is lacking behind, is because much of the work that has been done on Hive after the launch has been on a fundamental/technical level. This work is massively important for the project, but it can't really be used to hype up the price.

On top of that, there are projects that are being worked on, that have not yet seen the light of day. I.e. the new version of 3speak. Or what I've been working on. (Sorry for teasing it for so long, just gonna' take a bit more time)

So right now, I think it's the calm before the storm.

Especially considering that Hive is still one of the most active blockchains, without a central entity backing it or having control over it.

Just look at the tweet below. While Litecoin is at least a coin with a good reputation, there are enough useless coins valued higher than one with actual use-cases. Markets aren't rational.

So when I read negative talk about Hive and why the price isn't moving, I can understand it, but I don't think it makes any sense. Hive has never been in a better spot than right now from a fundamental perspective. It's just gonna' take a bit longer until we can reap what we sow this year when Hive was born.

Now, the only thing that I am a bit concerned about, is the still existing "pre-mine" in form of the DHF.

I think we should keep some of it for the near future, to bootstrap our independence on Hive. For example to pay for/support core-development or for fundamental open-source tech (Ecency, Peakd, APIs etc.) But once we've gained stability in price, I think we should burn the rest/part of it. Otherwise, we're just Steemit Inc. in sheep clothes, and it looks like we just created Hive to get "their stake", which is furthest from the truth as one can get IMO.

What's your opinion on this? Let me know in the comments below.

Anyway, let's keep the energy up and stay positive! 2021 is going to be great!

#leofinance

3 months ago in #hive by therealwolf (76)

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jrcornel (81) 3 months ago (edited)

I'd prefer if all of it were burned personally. We already have plenty of HBD going into the DAO, and thus far the majority that has been used for things hasn't brought more value than it has taken out. So far, the DAO likely has done more to hurt the price of HIVE than help it. What happened to acquiring a stake and then working to create value for said stake?!

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therealwolf (76) 3 months ago (edited)

There a valid reasons to use the DHF as a funding method. I.e. blocktrades can't sustain a whole team of developers just with witness pay or even his stake appreciating in value. Or for example, the work Netuoso has done for the ledger application - highly valuable (sadly it's been in limbo for months and I'd like to use HIVE on ledger sooner than later :P).

However, I fully agree that it makes look DHF like a method to milk money when people who benefited from it already left/went inactive, even if they had no bad intentions, or if proposals are overpriced.

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urun (60) 3 months ago

problem is with DAO communication. And marketing proposals never get funded.

I think marketing is the most important on any project. If nobody knows about it, it's worth noting.

More Investors, more users, higher prices, higher budgets for development stuff.

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vikisecrets (71) 3 months ago (edited)

I think one problem of Hive is not only the DHF (pre-mined DAO fund) but also the HBD peg (algorithmic USD stablecoin), which creates a little bit of stability for HBD but on the expense of the Hive price. HBD caused HIVE (STEEM) inflation rates of 20% per year, which is insane and is holding back investors. Plus the 13 weeks Power Down time (unstake time) is too long in my opinion to attract more buyers.

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urun (60) 3 months ago

Agree on both sucks and are contra beneficial to investors.

"Reward people and loss at the same time on inflation dumps from rewards + lockup for 3 months"

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michealb (67) 3 months ago (edited)

But once we've gained stability in price, I think we should burn the rest/part of it. Otherwise, we're just Steemit Inc. in sheep clothes...,

Taking even just one dime is the same in my view. Might as well keep it all if your gunna do that.

Waiting on blocktrades road map. Hard to know what to do i.e buy, sell, power up etc. Maybe i need to join a discord channel to see what is being discussed.

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therealwolf (76) 3 months ago

Or you can listen to the dev meetings:

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michealb (67) 3 months ago

thanks. will do

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meesterboom (78) 3 months ago

But once we've gained stability in price, I think we should burn the rest/part of it. Otherwise, we're just Steemit Inc. in sheep clothes, and it looks like we just created Hive to get "their stake"

This has always been my fear. I think we should burn it all. It's the message that is important and the message could be so powerful if burned it. Instead, it does kinda look to the outsider that we did fork to get the ninja mine

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apshamilton (69) 3 months ago

Hey @meesterboom.
Why did you downvote my post updating people about my Court hearing against Facebook & Google?

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sanjeevm (67) 3 months ago

I think, a major part of the DHF should be used for promotion. Even after the price is stable, we should utilize them to create all the buzz in the market. Everything runs on promotion, and we definitely need to make the storm heavy 😏

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hivebuzz (68) 3 months ago

Congratulations @therealwolf! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 94000 upvotes. Your next target is to reach 95000 upvotes.

_{You can view your badges on your board and compare yourself to others in the Ranking}
_{If you no longer want to receive notifications, reply to this comment with the word STOP}

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josediccus (77) 3 months ago

Well like you said, a lot of work still needs to be done, the prices aren't reflecting the use case for hive. As for that DHF as well I see no use for it and might be an athlete's foot for us. Irrespective though work needs to be done and we have to be patient too.

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hooiyewlim (70) 3 months ago

It feels like Eth 2.0 is using the same concept hive is using.

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tobetada (71) 3 months ago (edited)

from a technical perspective, we are all set up to go higher:

https://peakd.com/hive-167922/@tobetada/crypto-analysis-or-hive-so-far-on-track

but yes, we need now HFs dealing with changes to the economy (e.g. no curve, no window), SMTs, 4 week power down time among other things. Also I hope that the projects currently in development will soon see the light of day. Perhaps we also still didn't get the word out to the crypto community that Hive is the better choice.

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cryptographic (70) 3 months ago

Perhaps we also still didn't get the word out to the crypto community that Steem is the worse choice.

Or that we are the best choice. ;-)

And the only decentralized one.

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tobetada (71) 3 months ago (edited)

yes, that sounds a lot better 😅

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filotasriza3 (69) 3 months ago

we gonna have and we are putting our faith in Hive the same way we did when we got out of Steemit and came here to create the best platform!

I believe the reason people are wondering about what the hell is going on with the price of hive and such is overexcitement Imagine what is like to see everything pump around you and the one thing, or one of the things that you most believe in to stay stable!

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pardinus (69) 3 months ago

Agree with everything you wrote, basically.

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cryptographic (70) 3 months ago (edited)

Airdrop DHF on existing HP.

Rewards loyalty and further dencentralizes into hands of proven participants.

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apshamilton (69) 3 months ago

I'm working on lifting the ban on advertising Hive on Facebook, Google and other Big Tech platforms. See latest update on Crypto Class Action

Being able to promote Hive on Facebook in particular is a proven method of increasing all Hive's metrics including price.

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cryptographic (70) 3 months ago

Just posted another idea regarding target marketing of other platforms. Give it look and join in if you like it.

https://hive.blog/hive-126009/@cryptographic/a-major-opportunity-for-hive

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niallon11 (70) 3 months ago

The price comes down to how many people are willing to buy hive right now. It's always been that simple and a lot of the other coins are far older and have better known brands. When money comes into the market people will speculate on coins that they have heard of. Xpr litecoin steem. Regardless of how useful they are.

Our fundamentals are brilliant but people don't care about that. It's usability and visability that count. That's why I have always pushed for ads on hive.blog as it creates buy pressure and more visability for hive.

Tools for users to build more communities like LeoFinance and generate revenue and attract more users.

More users will create more demand and visability for hive. It will create a sustainable price increase rather than a pump.

The problems with hive won't be solved by more changes to the base layer. We need changes that address the shortcomings that are holding the system back.

I believe in the token and can see the development going on but a lot of it doesn't look at building tools for more people to get involved. Those tools are vital to create some exponential growth as ordinary users can then take the tools and build more use case.

Communities, onboarding, advertising, smts.... and build a WordPress blockchain. One that anybody can build on.

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cryptographic (70) 3 months ago

Sometimes I wonder if all the things we should be doing are excuses for not doing what we could be doing ...

Okay, with that afterburner thought out of the way, I've got to say that I think it's great that we're talking about what needs to be done. HF24 is basically out of the way, and now is the time to start serious discussions about what is important, and, more importantly, about feasibilities and priorities. Some ideas take much more resources, time, effort and skills than others. Some are subject to the chicken and the egg argument.

The fundamentals really are "brilliant", and we've got that right now, here, today. What's been done to create HIVE is nothing short of heroic. And what's been created is even more heroic!! Why not banter that to the world? That's something we can do right now! "Hey, all you developers out there, want a great place to develop your project? Well, you've got it here on HIVE. Let me tell you why."

"Hey, all you bloggers ... Hey, all you investors ..."

We've got something that is one of a kind, why not start sharing that with the world right now?

Looks like I've come full circle ... again. 😉

I've written about this before: https://hive.blog/hive-175254/@cryptographic/one-of-a-kind

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niallon11 (70) 3 months ago

Why not banter that to the world?

Some of us are making that effort right now but it tends to be very grassroots with the community pushing different apps rather than a concentrated effort by the witnesses or a company.

I even made a proposal to start getting funds and to try and push marketing as an option for the chain.

https://peakd.com/me/proposals/131

It's not an easy thing to do but we will get the hive brand out there one way or the other. There could be a big opportunity coming up now with a bull run on crypto and people looking to get into it so we should be creating and promoting more material that helps them join hive over the next few weeks. Then share it everywhere.

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cryptographic (70) 3 months ago

Voted for the proposal.

Little by little grassroots gains traction. We've got a solid product, and that makes everything else a lot easier. Now, as you said, if we can just get everyone rowing in the same direction.

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teknow (53) 3 months ago (edited)

I agree with you man.
I'm on that same boat.
For instance the recent post from @blocktrades is beginning to talk about second layer and even drops a "will post about HF25" as part of his Todo list.

Yet the post itself is so damn bland. He doesn't even use an image. Now I'm not holding him to blame for that but then to most the post just looks like code links. Even if a person wants to use that post to generate hype it's almost impossible since the greater audience doesn't care about code.

Then the post from @howo with the video attached of the coders meeting is the usual black screen just voices format. Again... how could people generate hype around that??

@theycallmedan said recently JUST DO IT! but there needs to be some type of correlation from coders to street shillers. Coders just talking code kills the flow. If they provided a vision of what they see getting built, then marketers could expand on that. With a few marketing teams or individuals providing slick content then street shillers have something to expand on with their own content... and with that: Hype is a living entity.

THEN, when those things that are getting hyped come to fruition you already have that traffic, which can then be converted into users/buyers/contributors etc..

I guarantee if this was in effect already the token price would be holding $0.50 and looking to find a new floor at a dollar.

The issue with Hive isn't that things aren't happening. It's that you actually have to first be inside these walls to know what's happening. That's just so limiting to growth.

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cryptographic (70) 3 months ago

@theycallmedan said recently JUST DO IT! but there needs to be some type of correlation from coders to street shillers. Coders just talking code kills the flow. If they provided a vision of what they see getting built, then marketers could expand on that.

That's where bridge makers are needed. We need to 'translate' into everyday English. I'm not sure how good any one individual might be at doing that, but as a collective, working together, I think we can come up with some pretty good stuff ... that then would get signed off to the people making the slick content.

The issue with Hive isn't that things aren't happening. It's that you actually have to first be inside these walls to know what's happening.

Same thing as above. Really, though, it's logical that 'insiders' have the best grasp of things. We just need to take responsibility for communicating all that to the outside world.

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themarkymark (79) 3 months ago

The reason I believe Hive is lacking behind, is because much of the work that has been done on Hive after the launch has been on a fundamental/technical level. This work is massively important for the project, but it can't really be used to hype up the price.

Only work done on Steem has been censorship, stealing money, and integrating Tron.

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cryptographic (70) 3 months ago

I think the point being made was just that: we haven't done enough to set HIVE apart from STEEM.

On the other hand, I do think that the "massively important" work done IS something we can use to leverage our image, the brand name, so to speak. If what you've got under the hood is greatness, why can't you market that?

Really, with everyone looking for the silver bullet, why not focus on what really sets us apart? It's the foundation that no-one else has!!!

(And they're still plugging away with that ...)

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themarkymark (79) 3 months ago

My point being Steem has done nothing good and in fact has done a lot of evil and has gone up 20% or so. Logic is out the window.

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cryptographic (70) 3 months ago (edited)

Markets are irrational. STEEM is also manipulated, don't doubt it for a minute. I don't pay the slightest attention to the comparison because, I my opinion, there is no comparison anymore.

That's what I think may be causing a lot of confusion on the part of users, market participants, everyone. I'm strongly of the opinion that we need to make just as big an effort to set HIVE apart in public perception as has been made to set it apart in reality. The work has been done. We know what's been done. We know just how important it is. But what good is that if no-one else knows? That's a perception that has to be changed and it's our job to get that across to the world. HIVE is all that we dreamed it could be, but to the outsider, what does that mean?

Do you remember the "show me the beef" slogan? We need to aggressively show the world the beef.

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therealwolf (76) 3 months ago

I think the point being made was just that: we haven't done enough to set HIVE apart from STEEM.

My point was that the work being done was important and crucial, but can't be directly used to hype up the project. It's the "boring", below-the-surface, tech-debt-clearing kind of work, which is required for Hive to thrive & scale.

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cryptographic (70) 3 months ago (edited)

I disagree. I think that "'boring', below-the-surface, tech-debt-clearing kind of work, which is required for Hive to thrive & scale" is what best represents the glory of what HIVE is [at present] and is exactly what we should be putting out there.

Tomorrow there will be more, but we shouldn't overlook everything we have already put in place in the meantime.

We just have to explain it in an easily understandable way!

Edit: How about something like this as a starting place?
https://hive.blog/hive-175254/@cryptographic/one-of-a-kind

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therealwolf (76) 3 months ago

I don't really care what Steem does. I think we should be proud of what Hive has already become.

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cryptographic (70) 3 months ago

There you go! That's exactly what I'm saying! And I think that is perfectly leverageable!

And tomorrow there will surely be more, thanks to all the great ideas being brought forth in great posts like this one.

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ammonite (70) 3 months ago

I like the idea of having the dao fund but I do worry about its distribution based on popularity. I think it may be difficult to get new, potential great ideas accross the line.

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marki99 (60) 3 months ago

The hype generated by a burn of a big part of the supply will be huge. Let's keep this secret weapon for a while and use it after the bitcoin all time highs are clearly behind us.

News in the bull market are 100 times more effective than news in the bear.

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cryptographic (70) 3 months ago

Personally, I think a burn without proper explanation and fanfare will get zero attention. And if we can't even explain and popularize what we've already got, how are we going to do that with a burn?

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marki99 (60) 3 months ago

If you wait a few months and we really are in a bull run, a simple twitter/telegram announcement will allow word of mouth to spread.

We have also made a lot of press releases in the past regarding the fork situation, so the media contacts don't go away and will definitely want to report this.

It is a simple and effective message.

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cryptographic (70) 3 months ago

With everyone giving a premium to inflation, just about everywhere you look it looks like the markets reward it anyway, I have my doubts about whether anyone would really care when all is said and done. IDK, but that's my read.

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revisesociology (76) 3 months ago

I think a burn is a great idea, there is a proposal to do just that of course.

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marki99 (60) 3 months ago (edited)

Btw @therealwolf blocktivity.info removed hive from the website rankings.

I tried to apply using your API for hivedapps but they said the last_hour tag was missing. Can you please put us back on there?

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therealwolf (76) 3 months ago (edited)

I'd love to help, but the API for hivedapps only tracks daily and also only specific ops. Which means a lot of data wouldn't be tracked. I think blocktivity has to use something else. Thanks for letting me know though.

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urun (60) 3 months ago

problem is simple. Many people in crypto don't know about hive or don't know what it does.

Some Marketing, Interviews with crypto influencers would be very healthy for the hive price.

Some Short Papers

"What is Hive"
"How to use"
"Stacking"
"rewards"
"long term Vision"

There are people that buy nonsense coins on mass. If these people would know about hive, I'm sure there would buy some.

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namiks (65) 3 months ago

I really have no idea why the witnesses haven't taken to using some of the funds to get crypto ads out there. A little Brave ad campaign could go miles.

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