Had a recent conversation with an onboarded user who was unstaking and converting his HP to HBD instead to stake it for the APR. Now I'm not really judging and the user was very active in sharing their content outside of Hive which is always great to see and worthy of rewards in my opinion, so no harm there. They even mentioned that they've researched hive but the HBD apr was the main thing that "made sense" to them and it just made me wonder if they've researched it enough and if they really "get it".
Now, I know what some of you may be thinking, here's a list of things that some people may say as to why they don't wanna invest in Hive now or potentially for a while.
- inflation is too high
- a lot of rewards go to people who just sell
- still a lot of blind curation overrewarding posts
- some people receiving too much hive for too little effort
- other coins are more primed to do well due to their positions, what they do and their tokenomics being deflationary, etc
and probably a lot more reasons I can't come up with now on the fly.
Here's some things to think about however.
We're closing in on 10 years of its existence.
It's been one of the only coins where the hardfork did better than the original after fighting off a billionaire trying to make a quick buck and attempting to buy off the community.
We have a mostly working inflation that gives us a ton of utility to work together on similar goals for the benefit of the main token.
We can fight off abuse, overrewarding, tricksters, etc with the use of downvotes, witness unvotes, proposal unvotes, undelegations, etc.
Immutable blockchain that stores data such as posts & comments, votes, follows, mutes, community subscriptions, key changes, etc. This helps prevent a ton of shady activities.
No fees and costless RC delegations that allow you to transact to your heart's content.
Most account creations don't cost anything during "still water" periods.
We have one of the longest lasting inflation models that gives everyone enough time to earn the main token which helps decentralization and distribution.
Most of inflation still goes towards authors and curators.
We're starting to enter a declining inflation this year where every year from here on out less and less hive will be created (conversions willing).
We've had a low to moderate price for most of the time the coin has existed, if you'd count the average days and what the price has been I'm fairly sure our median is similar at an all time low as the price is currently - this gives as many as possible the option to get in cheap which many other coins do not anymore.
Our main token gives you attention.
Our main token allows you to direct attention to things you're interested in, to create content, initiatives, drive more attention to things you're building and want more interest to be placed on.
It allows for every stakeholder to welcome new users and make sure they're treated well to grow the network.
Let's compare it this to some other coins out there.
Bitcoin - "ugh price dropped since I bought in, better buy some more to lower the entry price", "I'm now $1000 in profit cause people are buying bitcoin, I could sell now or wait for more profit", "I'm mining bitcoin after having invested in this computer I can't use for anything else than to warm the chair it's under, I'm gonna mine until I get my investment back and then generate some profits unless electricity bill gets too high compared to mining difficulty.", "I'm using all this electricity to solve useless math problems that provide nothing to anyone but keep the network secure" and "I've bought so much Bitcoin and haven't bothered getting interested in anything else - I better make sure to shill bitcoin on web2 social and call everything else a scam because I want all the fiat to flow into my investment only."
Ethereum - pretty much the same except you can also stake eth now and get some apr similar to everyone else.
Now don't get me wrong, I'm not going full KE on people and trying to judge them based on their current holdings and whatnot. I'm just curious if you understand Hive enough and if you're still not bullish based on not just the tokenomics but the utility and everything else it's going going for it.
Are you bullish enough? Why or why not?
