You are viewing a single comment's thread from:
RE: Lower supply, inflation and enhanced initial distribution from the Honeypot
With little in the way of exchanges, I am wondering what the USD value of 1 Hive will be on launch? It may well but nowhere near the 12c some may be expecting.
It could go all over the show, couldn't it, depending on how attractive HIVE appears to external investors (or even internal investors who want to build their stake). I'm anticipating that it will drop very low, regardless of starting price, as everyone recalibrates, but that's okay for those of us are here because we're building something for the future. There may be issues for developers and witnesses who require resources to run their applications and nodes, that's what we may need to attend to, how we keep everyone going through the transition.
Many look at the USD value of their content and may think it's not worth bothering about anymore.
I know I do well (I don't ask for it), but if people post something good and are used to $5 and it now says 40c due to the low value of the Hive token, will they continue to re-post?
I do wonder what we are going to see. Still, it is exciting and I am not moaning about the changes and fork. I'm all for it.
A low token price may bring investors in who can maybe see the potential if and when it rises.
I'm really longing for something that is stable and where the community has controls over scammers and spammers. We can't bring charities here until then, it's too risky for them and the Charity Commission will be all over it like a rash. There's a huge potential audience out there, if the foundation is right. The problem with people not posting is it looks like there's a lack of energy/participation and we need dynamic content to attract new people, but I think it will all even out, there's enough interested dedicated people ... and people like me who have been waiting in the wings a long time before bringing new people. I'm planning to write a big funding application while I'm stuck at home to support charities to learn about blockchain.
I had quite a few zeroes and 5 cents when I started, as I didn't get the support of the handful of SP holders with N2 early on. It can be a grind, but that grind is also part of paying the dues, if not buying in directly.
As did I!, not everyone is so tenacious, and posting is not exactly prominent at the current STEEM price.
The ones that do, may be the bigger winners.
Definitely.
Btw, one thing I find interesting is how many people see themselves as investors, but do not possess the tenacity to invest themselves long term, nor adjust to conditions.
I think the transition period should be considered part of investing into the future. If looking from an entrepreneurial perspective, generally it takes investment in before getting anything out, and thet might be years.
Frankly, I don't care. I think it's already high time for the communit(y/ies) grow organically. It's truly pathetic if the best an altcoin can ever hope to be is a quasi-derivative of Bitcoin.
If the exchanges choose to participate in the airdrop, they may very well keep the exchange gateway open
Friday is going to be interesting, I will be watching with big eyes!
Me too :)
@jrcornel reports in his post: https://steemit.com/steem/@jrcornel/steem-hive-huobi-global-also-announces-they-will-support-hive-airdrop
"It appears some Sun-owned accounts are moving their stake to these exchanges in order to collect the airdrop..."
Are these accounts not funded from ninja-mined stakes? If yes, how could Hive prevent these account from getting the airdrop?
ok...
So...
Nearly all of the ninja-mined Steemit Inc stake is powered up in a handful of known accounts. They are not on the exchanges. THat is about 65,000,000 Steem. Justin Sun might have unknown accounts, but they are much, much smaller than the ones that will not be getting an airdrop. The powerdown time for Steem is 13 weeks. he can't get it to an exchange in time. So, while he might be able to get some Hive tokens from the exchanges, it won't be much.