If you want a better HIVE price
- Stop selling it
- Stop voting for accounts, who keep selling it
- Stop supporting 20% APR on HBD
- Stop supporting shit-proposals
- Stop supporting shitposts
- Stop auto-voting
I was going to write a long piece about what supply and demand means in case of Hive.
A lot of people here get a decent income from funneling funds from the posting rewards pool into games, shitposts, income for their vote-buddies.
Instead of guarding their own stake by voting relevant content to the top, people here:
- delegate to curation services
- play 'vote 4 vote' schemes
- lean back and watch others do the job
If we can not create a constant demand for this coin, this behavior will eventually milk this cow dry.
In essence: if we can not find suckers to buy this asset, the price will not recover.
I would recommend using your downvote-mana to actively downvote any 'curator' and the shit they vote for. This goes for curangel, ocdb, leo and all other milkers.
I don't recommend it, though, because this ship has pretty much sailed.
The only people who could afford to make a dent, are not going to move.
Myself, I don't really want this blog to end this way, and if I started flagging the people who put a constant pressure on the price and support the malicious content, they would revenge-flag me to oblivion. It is their income and they become vicious if you challenge them.
While I don't really need an income from this blog, once in a while someone comes along and sees what I am writing and those few are worth keeping this up.
It all started when linear rewards were introduced;
Without competition, there is no need to put in effort.
The people who made those decisions are smart enough to see what's going on and want it that way. All others are being played and seem to also want exactly that.
This whole thing is just a meme at this point.
Trying to put this into words just hurts.
I'd love to call out some names here, but the list would be long and I can't be bothered to deal with this shit anymore.
I could have just posted the picture, but I felt like writing a few words.
Please don't comment on this post, thanks.