Now there's a movie you probably don't want to watch more than once. A depressing and harrowing tale of unbridled capitalism and greed; profits above all else. Humanity need not apply.
On a certain level we all identify with this mindset, making it all the more disturbing. Maximize gains... make the most money possible at any cost, amirite?
The problem with this mindset is that it is one based in scarcity. No matter how much we have, it is never enough. The grass is always greener on the other side. Gratitude is in short supply. A toxic mindset to be sure.
Ground Zero
How old is Hive? Is it nine months old, or is it 5 years old?
It's both.
The branding is only nine months old but the chain data goes back 5 years. The coin distribution goes back 5 years, but then we "airdropped" a bunch of accounts that didn't want to be a part of the "new network", making the coin distribution both 5 years and 1 year old. Pretty weird.
Hive has suffered numerous crippling defeats in the last 3 years. Our leadership was trash. The CEO of our main dev team was a man-baby who couldn't make a correct decision to save his life, let alone stick to any decision made.
With all the opportunity in the world to provide liquidity during the bull market and buy a decade's worth of runway, instead that CEO decided it was a better idea to double down and hope the price would just continue up indefinitely. Amazing business strategy 101: how to not hedge your bets and take completely unnecessary risks for no reason.
I've said it before and I'll say it again: the price of Steem should have never even hit $4. If Steemit Inc had simply sold the absolutely free ninja-mined coins they obtained for zero cost, the price would have never tumbled into oblivion. Our centralized guardian sucked at gambling and hedging bets... simple as that.
If I'm being honest, I'm personally somewhat enjoying how it all turned out now that all that garbage is behind us. But is it really? The mistakes of the past have a way of modifying the future.
It's no secret that Hive price has been staying flat while Bitcoin has damn near gone x3. Hive/USD is near all time lows while Bitcoin seems to make a new all time high every other day. It's depressing!
Or is it?
Another part of me is grateful that Hive price is so low. I look at my other mooning assets and think: wow now I could trade them back into Hive and greatly increase my influence on the network that I actually want influence on. What a "discount".
But that's not what people want to hear for the 1000th time, is it? No one wants to hear over and over again that "Hey, maybe this time is the right time to buy Hive." after they just got burned a dozen times before.
No one wants to be the "Lil Bitch"
So we turn our backs on Hive, curse its name like a bad addiction because we just hit rock-bottom, and perhaps powerdown and move to greener pastures... Not me of course, because I'm a glutton for punishment, but many other people here do it all the time.
Which is funny and ironic... because while many of those players have less Hive stake and talk all kinds of trash about Hive and whatnot... They're still here talking about it... interacting with people... upkeeping their social networks... getting upvotes...
Haters gotta hate somewhere, amirite?
What better place to hate on Hive than on Hive itself?
And then there are those who forsake Hive but proceed to go on to make grand claims on some token built on top of the Hive blockchain. Sure, 99% of the time that token is LEO because no other HiveEngine tokens have even been remotely as successful, but that will change soon enough.
The point is you can't be bullish on a Hive token without also being bullish on Hive itself... just like you can't be bullish on an ERC-20 token or DeFi without also being bullish on Ethereum. Yet during the ICO craze... that's exactly what we saw: thousands of users bullish on shitcoin ICOs thinking that Ethereum would be completely pointless within a year or two. Remind me of what happened then.
In response to this logic many are saying things like, "Well, I'm bullish on Hive's technology... I'm just not bullish on the token-price and the tokenomics..."
Sound about right?
Now, this makes me giggle for a number of reasons, the most obvious one being the painful similarity of:
BLOCKCHAIN NOT BITCOIN!
Do you remember when people used to say this? Corporations used to say it as they created garbage closed-source enterprise blockchains that will never ever get off the ground (just like extranets and intranets). And what about all those central banks building those garbage CBDCs that are almost indistinguishable from fiat? Yeah, they also love the blockchain not Bitcoin mantra.
Seriously though, go back and look at the history of what people were saying about closed off quarantined systems being all the rage. It's embarrassing, and all those people get very quiet when proven wrong and hope no one will remember or bring it up. The value of the Internet was, and still is, communication and collaboration... not ownership.
Now, nobody is saying it, and it's been so long since I've heard it I'm actually kind of surprised I remembered to throw in for comparison. Because when it really comes down to it, the people who said "blockchain not Bitcoin" a few years back didn't actually believe that garbage... they simply wanted other people to believe it. They wanted to build something that they controlled so they could corner the market and suck down all the gains for themselves, just like the tools that thought extranets and intranets were an "amazing" idea.
To reiterate:
Saying you believe in the Hive platform but not the tokenomics is pretty much the same as saying blockchain not Bitcoin. You want to take the Hive tech (blockchain) and build something on top of it that you control and then say the underlying currency is garbage? Sorry, you can't do that. That's not how this works.
As Andreas Antonopoulos explains in grievous detail, trying to separate the technology from the underlying value proposition is impossible. Without Bitcoin, blockchain is a worthless and heinously inefficient database that doesn't do anything. Much to the dismay of centralized powerhouses, the ability to decentralize their own corrupt power structures is the only thing breathing life into this unicorn asset.
Conclusion
We should ask ourselves: are we living in abundance?
99% of the time the answer is going to be: false.
We need to stop ourselves from falling into a trap of thinking a certain way because the investments we've made at such and such time aren't working out at the moment. This is why the best investment one can ever make is in their own education. That's an investment that doesn't get taken away or diminish in value.
The point of this post was supposed to be a speculative fluff piece on where the price action is headed over the next couple months... I obviously got a bit side tracked... if you can't tell by the pictures I used and the title let me give a hint: there will be blood.
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The problem with "that" capitalism argument is that it doesn't apply free markets rigorously enough.
In the near future, businesses will be destroyed for not being environmentally friendly.
(this is not synonymous with "green". One is a statement of an actual environmental impact, the other a political statement)
People want good, well built products cheaply. They also want clean air and water.
They also want clean money.
If we want to look at the most destructive corporation on the planet, we would be in the top 10 if we analysed the FED. It has caused more destruction of people's lives than anything i can think of (except all the other central banks combined)
However, this pales in comparison to the destruction that is the "corporation"
Corporation - a legal structure that allows profits to be internalized and costs to be externalized.
So, once this was set up in law, then the only businesses allowed to exist are those that externalize as much cost as possible. Everyone else can't compete.
Until now. Where we will start seeing ultra-low overhead home-based businesses that can continue when demand falls to near zero levels. The corporations will no longer be able to compete. Especially when the internetz will be pointing out their cost externalization (in specific, not in general. Transparency is coming)
thanks
I use to say it before and i'll continue saying it, the tech of blockchain has taught me that our investment decisions should be judged in the long-term rather than the short run. Hive doesn't have superpower and cannot suddenly do a bitcoin or eth if the people on the chain aren't doing the right thing to push it.
People are sometimes greedy and this greed is what often drives their opinion about hive. There is no money that will never be enough and majorly nowadays you have people loyal to Hive only when the price seems favourable, well even such a mindset wouldn't push hive at.
We should be responsible for the growth and show loyalty and try to influence the top 20 guys to do the right thing for the chain and the network. I personally own nearly 23k of hive power and i'm still building, we are planning towards having more influence im sure we own the future. It's crypto, its the tech its our action that influences its growth or otherwise
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I am with you on that but then again, I am a Hive fanboy so what do I know?
The separation that people are trying to do is amazing. Either you like what is here or you think it crap; one of the two. Sure there are issues, where isn't that the case? How would you like to be dealing with what Ethereum is going through. Some are questioning whether they can pull it off.
Anyway, I am very confident about the future of Hive. We simply need more sinks. Complaining about what others are doing, or not doing, is useless. Develop wealth centers where other people get the payout and then they can look into governance.
Proof of stake is a rather simple system: the stake tells it all. If you dont like something, get more stake and change it through voting.
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yep... and it's times like this that are great to acquire more stake if you actually want influence on the network rather than constantly worrying about week to week token price.
Week to week? It seems many are day to day if not moment by moment.
I just keep doing what I do, and powering up more. Did another 3K today.
Just keep the bags growing, the motto for crypto.
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It just sucks if you were trying to accumulate as much stake as possible over years. And now are forced to sell on the all time low.. (@luegenbaron was my old acc)
And I am forced. My permanent pain, homelessness, corona hit me really hard.
I tried really hard. Even though I'm not allowed to work, couldnt end my school, am being criminalized..
But well.. now I gotta try to survive. Look that I get most value out of my stake (just waiting at the moment in hope I get a little spike ://) and then see if I can start over building stake and influence on hive.. when I managed to build myself a basis..
I'd like to see a dapp that makes HIVE stored content consumable swiftly and smooth. People are used to that level of brainless comfort. I really wonder why that's not a priority for the existing project teams. We can't change people, we have to take them as they are. Stupid, lazy, spoiled.
And with blood there are sharks in the water waiting!
As long as people think that investment is a short-term option, they will always complain more than usual (which is quite boring).
Great post, @edicted.
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You're probably right, we're right ahead of the real valley here.
And when there's blood - you buy the dip!
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That's me... Almost three years on the chain and still active as fuck.
I guess that's probably why most of the countries around the world don't have a good education for their students. They don't us to be smart, it's clear.
OK, blood expected then, but what comes after?
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