RE: Hive Ecosystem | Reasons To Buy Or Sell Hive ...
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The sad thing about all the withdrawals and the dumping is that they are happening at this low of a price. If anything, it just indicates the mentality and perception of how Hive is a platform where users come only really to earn with no real intentions to really contribute (aside from content which doesn't really do anything to keep the Hive Price up)
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@costanza, are you by any chance coming to KL for HiveFest? I'd love to get to know you in person
I'm one of those people who hates social events and rarely travels, so no chance of seeing me at Hivefest :-)
It's one of the things I enjoy about hive though as it allows me to socialize from a safe distance. Enjoy Hivefest !
The incentives on Hive are not there to build HP for the long term- there is also a disconnect between once you earn somethiing, it should be yours to withdraw or power up.
The rule about earnings should be that ultimately they are yours and you are able to do with them whatever you want. However, those with no intentions to contribute aside from content (unless they are upvoted by individual whales who like what they bring) should kind of be cut off from being able to just extract value. The only way that the model is going to work is if it's a 2-way street where users give and you get. With the shift from bid bots (which also were bad) to curation projects, Hive kind of got screwed up in a way as there is no real incentive to power up since most curators also only really care about what they can earn and stick to just upvoting the same list of people who bring content that looks ok.
It remains the eternal issue of this post2earn model as 90%+ of the content would never be there if it wasn't for the potential earnings.
i think really only a v4v system will be sustainable in the future as otherwise it would be constant extraction games, like with all cryptos.
The more I look into it, the more insane it gets how all these curation projects somehow are upvoting major value extractors who obviously only post just to get the upvotes. It's quite depressing.
And thats the smallest part of the pie! LOL Then there is the HBD interest and DHF for the whales.