OK ... I can appreciate how tough it would be to get all the way into say, October next year or later and suddenly have to bring things down because we meet the limits. Please also consider how even since I wrote to you, Hive is being noticed as it is by early leaders of investment groups ... one of the strengths mentioned by this master of pursuing hidden gems of crypto is the passive income:
His analysis is unsparing, and he recognizes that he needs to hear about the community more before making a final analysis ... but he says, one of Hive's strengths in its (too small) user base is that passive income. Where he is from, inflation is hitting hard but HBD is well ahead ... roll back to 10 percent, and we lose that. Wirex and its access to well-known stablecoins will eat that lunch, split it with their partners Visa and Mastercard, and roll on.
As someone who is not just a Hiver but a crypto investor, albeit on a much smaller than James in the video: please understand that if 20 percent interest HBD was a promo, it was timed WRONG. Nothing in the world was going to make people stay in the market or come to Hive in April 2022 in masses with the market on its way to a 80-99 percent crash. In like manner: August 2023 is still too early to see if the "promo" has made a difference. We are still in the bear. Hive is still down 90ish percent, and so are a lot of other projects, so few who are coming back have come yet. What we do have is incomparable, perfectly democratic access to putting Hive to work and not having it taken off chain. Now, Hive has a lot of users who have survived three years of a pandemic and all kinds of disasters by earning and selling their Hive -- and that's not going to be changed in bulk, because we don't have control of geopolitics in place where money and resources have been taken out for CENTURIES from the people. But for those doing a little better, they have the option of putting their HP to work in various ways (we could do better in letting those ways be known) and letting their HBD get inflation-beating interest around the world. Investors already see this two-pronged approach. That's quite a story to take and present in the next bull, and there is a global audience that will be presenting it everywhere in the world.
LOL, one of the most active blockchains and that guy can't see the usage.
And he also think that J.S. is behind it. And that he'll use one of his projects such as bittrex to market it.
I don't even have words to describe how dumb that all that is.
We have had articles THROUGH HERE LAST WEEK that have estimated Hive's active daily users as low as ELEVEN THOUSAND per month ... that's the basis of Leofinance wanting 26 million HBD to get a mere 10,000 more users in here and DOUBLING THE USER BASE. Remember those articles last week?
Now, granted, the man even admits that he doesn't have all the facts... anyone who hasn't looked at Hive for a while well might be confused if they knew about Steem in the past. But bear in mind: he is talking to people who will copy his EVERY MOVE, and his reach is bigger than ours because as he says, HIVE DOESN'T HAVE A GOOD MARKETING PLAN. Now, you are welcome to go correct him in the comments, but that's the knowledge base from an investor with reach on the outside looking. Don't overlook the technical analysis hard facts.
Hive has a user base too small to compete with web 2 -- TRUE. Facebook has around 2 BILLION USERS. This is true.
Hive needs a marketing plan, quick, fast, and in a hurry -- TRUE, or somebody better tell Leofinance we're not giving them 26M HBD.
This investor -- one of the few to discover Hive with an active investor group -- sees Hive's passive interest as a bright spot.
He's got quite few community facts wrong, but he asked for help because he knows that -- but don't miss what he is suggesting as an TECHNICAL INVESTOR with people who follow his moves. We can get him straight on the community facts, but AGAIN: if the point of 20 percent interest was to get an investor's attention, IT WORKED. Remember: we need outside people to come IN. Not all of them have the inside facts ... but that is the nature of being on the outside looking in, remember? No one is buying Hive and moving its price or staking HP on its biography because few know either of those things... but ITS INTEREST is being presented as the bright spot!
That number is way off. They're asking for just shy of a quarter million, but not all at once. Stakeholders can cut their funding with the push of a button at any time.
I'm looking at their proposal again ... if their proposal is asking for a quarter million dollars, then how is it fully funded at 25,658,195.800 HP? Now, I did get the HBD and HP figure transposed ... but Hive is worth a bit over 28 cents ... so that's not $250,000 in value, but instead still closer to $7.1M for that proposal. What am I still missing?
I have no problem correcting my error, and I'm not even quibbling about the price -- I am frankly relieved to be wrong, given that we are talking about adding about 9-10K users. My point still stands: WE KNOW we need a marketing plan, and we know our user base needs to get bigger ... so we're just going to be mad because someone who does not know Hive's entire biography (in the 11,000 or so people that are around here, few know all of that) sees exactly the same thing and can see how we can do better and wants to know what he is missing? Like James on YouTube, I'm willing to get a better understanding and make corrections, and I appreciate you reaching out to me. I hope we on Hive can reach out in the same spirit and not miss the opportunity to connect with even someone who has made an imperfect discovery of the community!
The HP represents all the stake backing the proposal. I voted for it. I have roughly 85k HP. If I removed my vote, subtract 85000 from that 25,658,195.800 HP.
The return proposal sits at just over 21 million HP. I also vote for that. (I remember seeing a call to action asking people to vote for the return proposal in order to make it harder for LEO, but I had been voting for the return proposal since before summer.)
Since 25 million is more than 21 million, the proposal has been "approved."
There are no costs involved with those numbers. The actual proposal is asking for 495 HBD daily for 487 days. So if it's underperforming, it's possible some votes will be removed, pushing it under the return proposal and therefore they lose funding. That could happen on day 10, day 58, day 87, day 267, any day, with no warning. (But that's the life they signed up for.)
Of course I point it out to educate. Not to ridicule. These facts are spot on.
I'm not too concerned about that James guy. Not sure if he'd be interested. I look at that body of work and feel like he just picked Hive randomly. Probably already forgot about us. I noticed Crim reached out so maybe I'm wrong, which is fine.
I see a lot of creators like James. Similar approach. So many of them. I stopped paying attention to that kind of stuff years ago. Believe it or not, I'm not really into crypto.
OK: I have corrected my main post and removed the inaccurate figure, and I appreciate the explanation ... that was way more complex than I ever imagined.
I think my concern is, can we afford to be forgettable if Hive needs adoption? James is a technical momentum long-term swing trader type ... it may be that he is likely to forget, but he also asked for more information. If we don't care, then surely no one else will. Hive, to us, is not every other crypto, but it will be classed as such. We are the only people on this earth who can change that. I see James as good practice if nothing else.
I'll put it this way. I do care. Some things I can help people with. Other things, not so much. I'm not the right individual to be around that James situation. Perhaps you are, so please continue. You see potential there, grab it. I see potential in people seeing potential. So I encourage you to continue. There's nothing wrong with finding a path and deciding to see where it leads. I've been on one myself, advocating for something I see huge potential in, for several years. One thing. People agree it makes a lot of sense. Yet it has not come to fruition. Even when I TRY to give up. I can't.