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RE: Gettr - Hive Competitor Gains Millions of Users Due To Support For Dr. Malone - Who I've Been Heavily Downvoted For Supporting.

in #hive2 years ago

I think the mechanic behind hive doesn't work with higher prices.

First 10k$ posts on trending? But same content as today?

Second, the amount of HBD that gets printed should hammer down the price massive. I made a post about the exponential potential of converting if haircut should increase + potential abuse.

Besides this, what many forget, The HBD gets most likely cashed out. So there must be a buyer.

Most likely converting ( after 2 hand exchange),

So this would pressure the price.

The higher the price, the more money needs to flow in on daily basis to maintain the price.

Another counterproductive point is wallet creation. Wallets become insanely expensive with higher prices.

No RC = no wallet at some price level. Simple because 1 avg user doesn't cover X$ onboarding price +(marketing for onboarding).

I know, it's one of the " Urun spreads fud" type of comments/posts :D

But scaling is IMO everything.

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10k per post? If Hive goes to 10$? Maybe. But there will be quite a selling pressure on the way to 10$.
The idea of HBD is that it is uncoupled from Hive.
I am collecting account creation tokens since months (others do too). If one needs a new account but has no RC they should just come to me. I hope one day there will be a pool or a site where one can get the first wallet for free. At least I would contribute to it.

Sure but that would be a really long and complex way to become a wallet.

IMO a wallet should have a fee, but only to protect spam. So 0,1 Hive would be enough for that. Or 0,1 HBD.

The price could maybe be a bit higher or lower. But the only method to scale on demand is pay on demand.

3 hive ( around 5$) is too much for a dapp to pay.

Pools will never happen, Blocktrades and others are against that because that would give account creation tokens a price tag. A long time ago it was a reply from him to some of my comments.