Damn devil's advocate sucks! I get it though, it's hard to swallow it but if you think of it with logic rather than emotion it makes sense. What is the best path forward though? That's the million dollar question.
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The little guys like you and me don't even have to worry about it.
That's the best part.
We just get to sit back and eat !popcorn.
Enjoy the show!
Yeah, I'm a redfish compared to some of these people lol it's ok though, I kind of like the anonymity of it all. Bigger stake you have, the more eyes on you.
Yep, just imagine if Hive were to spike up to like $100 a coin because millions of people were here due to some "killer dapp".
All of a sudden you've got half a million dollars and you've become "one of the top 0.1% elite". You might find you don't like the attention.
On that note, if Hive goes x100 my upvote is going to be $100... ten times a day... like... wtf.
It sounds stupid to say out loud but it is fully within the realm of possibility considering everything that's going on.
An app used by 10 million people is not going to take HIVE to $100. 95% to 99% of HIVE's value comes from it being used by traders to get their hands on more Bitcoin unless Bitcoin goes way beyond a million dollars. Entirely organic valuation of HIVE in the single digit dollar range would probably require hundreds of millions of users. Twitter is capable of squeezing about $9 of revenue from one monthly active user PER YEAR. RC's would have to be dirt cheap to attract that kind of crowds.
HIVE's current valuation is outlandishly high. 40,000 or so monthly active users. A market cap of over $100 million. Ridiculously high. The only reason it is that high is because it's listed on exchanges where has a trading pair against Bitcoin.
Out of all the things I've said here, I'm blown away that you've decided to focus on my random speculation. Crypto is a gold mine; more like "Unobtainium"; and we miners have no idea how to profit from this mine because the process is currently unknown to us. We swing our pickaxes at the rockface and little tiny chips break off and we gobble them up. If you want to cut a diamond the best way to do it is with a diamond cutter, what a paradox.
The things we can accomplish here are unprecedented. Are you factoring in USD hyperinflating in conjunction with a total economic meltdown of the legacy system? Are you factoring in millions of people looking desperately for any work that they can find for any wage that is available?
There is a straight up tidal wave on the horizon, and Hive is a magical surf board.