RE: Why powering up hive is sooo important.
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Again this counter-strategy of trying to eliminate the market cycle and force people to hold when everyone is selling
The idea isn't to force an ideal, but to stem the flow that keeps the platform bleeding out.
Why isn't hive at its all time high?
Because people sold it down to the price it is now.
Why won't hive rise in price?
Because there are more sellers than buyers.
I am only trying to establish a minimum, I'm told my numbers are too high, that may well be, I can't pull the math out of the code, so I spitballed some numbers, and they do look a little high looking around.
I do know the round numbers increase in increments of 10, to get from 65 to 66 takes 10x what it took from 64 to 65.
How that translates to a 66 rep account should be holding xx hp can be determined.
I don't have access to the formula, though.
In any event, powering down to sell at this time is probably a 'bad' idea.
I think 'the community' should be being discouraged from doing that.
I think we do the newbs a favor when we require some discipline from them, too.
Are they free to piss it all away on sprinkles for their lattes?
Yes.
Should we respect people that can't control themselves?
Hmmm,...not in my utopia.
Certainly not without prior accommodations.
I blame the curators.
Those leaking out our collective's value for their own gratifications now don't get anything that somebody hasn't voted to them.
The governance aspect of hive is far more valuable than it is given respect for.
This dumping is concentrating that aspect into too few hands, imo.
As a direct result of curators' continued support of that happening.
It's looking as if some people want hive to fail.
A broader distribution fixes this.
Yeah I mean I can definitely get on board with a lot of what you're saying here.
But then I see stuff like this and you're really trivializing the fact that a lot of this money is being ported into the developing world to pay for simple necessities. The flip side of that argument is knowing that most people are really bad managers of their own finances, so it's a very difficult conversation to have; full of weird nuances and caveats.
I haven't looked to see how much is going to people that actually need it, but I've traveled, those people are eating, or they wouldn't be able to access the web.
I don't bemoan the people that actually do need it, but I would guess that whatever they spent it on will be less valuable than hive governance tokens once adoption occurs.
Ergo, spending it today costs them a potentially wealthy tomorrow.
Presuming those that want to see hive fail don't succeed at turning us into a betamax tech.
I would make the argument that Hive is working very sub-optimally if users can't come here and put in some work and get paid for that work. The value of the work they've done needs to be slightly more than they get paid in order for the network to profit from the exchange. Once again: Easier said than done of course.
Right, and that is withing the coded rules.
50% comes as liquid.
My rant is against those that power down to sell.
Even there I'd grant leeway.
But, we are being abused and nobody is paying attention.
Voting rewards to those that dump them hurts us all.