Does the above chart look bullish to you? You shouldn't say yes. It is the inverted HIVE/USDT chart. Up bad, down good. Just a fun little chart. Just sharing the data.
Anyway, to the main point. It's 4 AM and I can't sleep so I'll release my next product:
(Reader discretion is advised: the following content contains material maybe not so sweet)
Rant 1.0
Hyperliquid. When I first heard about Hyperliquid and what it is and how it works, I immediately bought HYPE tokens. I'm not an investor but it tingled my investment side of the brain. You don't need to be a wizard to understand a good business model. You don't need to explain it for too long for me to understand why to be bullish on this token and project. A decentralized exchange supporting both spot and futures trading with fast transactions and very low fees. You get trading fee discounts by staking the HYPE token and AFAIK some of the fee generated goes back to the token.
Why the hell am I talking about Hyperliquid? I'm just providing an example of a good business model that tingles your brain and makes you invest in a project. I'm not even going to share my referral code.
Does Hive has anything remotely close to a good business model? Of course it would be impossible to compete with Hyperliquid but I'm not asking for something that high level. Does our current model make you bullish enough for you to go and buy HIVE? This has been a discussion for years dating back to the steem days. Some attempts were made like promoting posts by burning tokens but didn't take off. There were other suggestions like burning tokens for an ad spot on steemit.com. I don't remember anything else TBH. And as you can guess, nothing was done.
You can't have no appealing business model and come here with a Pikachu surprise face when you become just another droplet in the ocean of the Altcoin market.
Why Rant 1.0:
A lot of the discussion has been around Value Plan and DHF. I'm ranting to let you know there is a lot more to the story than just Value Plan or DHF. I'm not defending that shit though. Burn it with fire.
Now let me fork here real quick to another rant. Rant about our marketing which is disconnected from the real blockchain and stuck somewhere god knows where. Somewhere somehow we decided to not talk about the rewards. It became almost a taboo to say you can post on Hive and get paid for it. We instead switched to advertising as an ecosystem of DApps and how great it would be for you to build your DApp on Hive. I take a great issue with this approach. Why would someone not build their app on a super computer (like ETH, Arbitrum, Solana, etc) and decide to build on a calculator? What does Hive has other than a custom_json? You couldn't even retrieve the jsons broadcasted by their ids. DApps like Hyperliquid need strong smart contract infrastructure alongside fifty other things to work. Let me make something clear. I'm not criticizing Hive's infrastructure here. I'm criticizing our marketing. Instead of marketing what we have, which is our social media and rewarding system (features that onboarded majority of the people here), we decided to market what we don't have. Or let me tell you how we say "we have a great community". Community in the crypto world means telegram group. That is how meme coins advertise. We tried to not sound like a ponzi scheme and became even worse.
Why am I ranting about marketing? Because we have spent a lot of money on it, supposedly. Somehow making a tweet and promoting that tweet is forbidden but going to Ghana and digging boreholes there is acceptable. I'm not even gonna talk about the rally car and how some people say it CAN be a good idea. Or how we spent $200,000 on a street workout event. A social media platform, an entirely online product, not marketing on the internet and instead going to places where people probably don't even have internet to google what Hive is.
You should capture terminally online degenerates. Doge coin millionaires. You think these people go to a street workout or got to watch a rally race? We are not Apple to pull publicity stunts. We are in the trenches of coinmarketcap fighting for survival. We didn't even have a twitter check mark for a very long time and we got it recently thanks to Crimsonclad. We still can not enable server discovery on our Discord server because someone is lazy.
I guess this did become partially about Value Plan. But the main point was and is, to understand our strengths and use those. Don't pretend we are something that we are not. We don't need to be morally superior to others in this space. Why can't we post memes and shit post here? It's a crypto space ffs. It took us 5 years to get snaps/waves/leothreads because short content=bad. Let more people come in and milk the system. That was the whole idea. Distributing the tokens to a lot of people. Not to a handful people.
Price
The sun is already up so I guess this version of the rant took a long time to cook. Let me comment on the price of HIVE. Before the hive fork, IIRC steem was priced at 10 cents. I wouldn't call the 2017 price a realistic price. That 10 cents was probably closer to the realistic price. Now HIVE is 12 cents and it awoken something in people hence the recent discussions or actions. I'm not saying this is the fair price of HIVE. I'm just putting into the context of where we have come from. This price is indeed low and it is part of the bear market. I think we will probably go even lower. Of course, market doesn't care what I think but I'm trying to give you a bit of courage to not lose your shit when that day comes.
Is there light at the end of the tunnel? You might see a huge green candle shining there. The chart I posted above should make you feel a little better or worse depending on the indicator you use.
Please understand this is just a rant. Take it with a lot of salt. Midnight thoughts that might not be even real or connect to each other. And I feel like I should clarify I don't hate Hive. I like it.
Love you all. (Why did I type this? I'm not gonna remove it as a lesson for myself. I was gonna remove and type I hate you all instead.)
BTW, unrelated to this topic, you are pushing me to top 20 in witness list. You know, I hate working. Forcing me to work like this should be against the Geneva Conventions. Just saying so you don't commit a war crime.