I saw an interesting Snap today that I wanted to share and discuss...It was from @geneeverett and he brought up some pretty big points. In case you want some context, here in a link to the Snap but I also took a screen shot here:
We're down big...
Like over 76% this year alone and yeah I get it, crypto as a whole is in this never ending bear market but Hive hasn't held the same excitement in the markets that it once had.
What is going on?
So being the 'stirrer of the pot' that I enjoy being at times, I brought up the question...What 3 things would or should we change to right the ship here on chain.
Look, let's talk positives first...
The development is still here! Over the past few months alone, I've been beside myself with the amazing apps that have popped up from @snapie to @sportsblock and the mind blowing update of @threespeak
To me, when I see devs and projects building like this, I can't help but be excited!
So on that aspect, I do think things are pretty good on chain. The devs are building some amazing things.
Now the bad...
In response to my question from the Snap, one thing and one thing alone seemed to pop up as problem number one on chain...
The DHF
Oh wow, what a cluster this thing has become. What started out as a great idea and a way to 'stick it to Steemit Inc', the DHF has now become the hot button topic of controversy on chain.
I have to be honest, there are a lot of politics behind the scenes when it comes to the DHF. And a bunch of projects get paid quite well to 'serve Hive' with the funds they are getting.
If they are truly serving the community or not, isn't my place to say either way. I enjoy and use some of the projects that are funded and there are a bulk of them, that doesn't really hurt or help me.
But what does hurt is the sell off of Hive, no one can deny it.
And thinking that the DHF will just stop funding certain projects because we are grumpy isn't going to happen either. The problem is and always has been, when anyone brings this up we're told to buy more stake or shut up.
O.K., that's fine if you have endless pockets but a huge chunk and I mean a huge chunk of the community that actually uses this stuff every single day, aren't ripe with cash.
One account one vote maybe? Oh boy we don't wanna go down that rabbit hole either lol
I honestly don't know what I would do...I do think, the DHF needs a very hard and long look at. And while it may not be an answer everyone will agree with, maybe we start finding ways to burn more tokens. Who knows...
I started with some positive, threw in some concerns but I want to end with some positives...The price of this token is SUPER cheap right now for us to accumulate more. And it doesn't have to be buying up millions of it, but right now at around 6 cents, I can't help but think this is a great opportunity if we believe in this chain.
Don't have the funds? (Like me lol) DO what I'm doing...Create MORE! At 5 bucks worth of rewards per post, we are generating a LOT of Hive. Get it now, because it's easier to stick out and get noticed.
So to recap...
Positive - Devs are creating some amazing things here!!
Negative - The price is down big, and the DHF seems to be the culprit.
Positive - It's a great time to be very active to snag some more Hive!