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RE: What To Think About The HIVE All-Time Satoshi Low?

in LeoFinance4 years ago

Social/content creation and development/dapps go hand and hand. All the development and projects were able to organize and fund themselves thanks to social.

Social didn't fail to attract investors...we scared them all off. We had lots of excitement that died down a bit due to the bear market, but enough of it stuck around BECAUSE OF social/content creation. Then the bid-bots made the whole thing feel like a scam and so everyone left and who was holding out during the bear market left...and then came the Sun drama which cut everything in half one more time (though I think long term, we will be better because of it).

If there were a quick solution and we could have Hive.blog and everything connected to it turned into a 2nd layer platform in 3-6 months, then maybe? If it's going to take a year or two and be built by a centralized team, you are basically digging a grave for Hive. The time to talk about this was 4 years ago, or at the very least before we forked. We don't get another 2 years to fuck around, trying to be anything and everything.

If we can get 100k users and keep them here we'll be ok as long as we can keep scaling. If you can build a layer beneath the existing first layer and move everything over seamlessly, then I think this is something we might want to talk about. Those 100k users are going to provide you with the resources and excitement to make it work, and they will come for social, not for development because anyone who doesn't see the perks to developing on Hive won't come over if you put social at risk, and the people who don't see the value of social...well they probably just got scared off when we spent a year as a bid-bot ponzi scheme and lost interest. So let's get it back.

Totally agree with you on Twitter, which is why I'm starting a contest to encourage coordinated youtube commenting

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I think the chain can survive a much lower price than even this because it's so cheap to run. It's the business of the DApps to attract the users. Eventually demand for HIVE will come from the DApp owner's or other large second layer token holders' need to take part in chain governance.

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