Yes, millions is the scale for a broad impact, but 'every little bit helps'.
There are only ~400m hive tokens.
I'd recommend any one account not buying in more than ~556k hive power, ~1000mv, ~156k usd, for the decentralization effect to remain intact.
An active voting account can expect 12% in curation and hp holding rewards.
10 ~8.8hbd votes per day, resulting in ~44hbd in hive power for the voter and 44hbd for the authors curated.
With 20 new active whales(1000mv) the attitude around here could change dramatically.
What blew out the initial distribution was the ninjamine, imo.
It appears, to me, that dan had a pretty good idea of how this 'bootstrapping a currency' was best done, but didn't account for the 80% premine that ended up voting from the pool and into the wallets of a very few.
Once this imbalance rebalances then hive becomes more stable, a good thing for a currency to be.
As the old skool sells the balance in the pool improves.
If we could have a 1000mv agreement among the whales the n2 reward curve could come back and we could have some wild rides play out on trending while improving the overall distribution.
But, that takes active voting whales to keep any one from dominating where the inflation goes.
Currently, the breakdown is 10% witnesses, 15% hp holders, 10% dao, 65% to the distribution pool.
From that 65%, 50% is controlled by less than 20 accounts.
The crab bucket is dominated by the big guys.
'They only do it because if they didn't somebody else would.'
I think the underlying tech of hive, 3sec confirmations, free transactions, a modicum of liquidity, mostly friendly, active communities far outweighs the other coins on offer if only from a gaming aspect.
But I could be biased by the 6+ years I have been riding these waves.
Currently hive-engine is the best non-kyc in/out since bt bit the dust.
Stealthex.io does it, but they rely on binance, afaik.
If one really wanted to give the liquidity a bump they would make it a hbd/ltc bridge.
If it became an arbitrage gateway to a larger stable coin needing trader it would likely pay the development costs.
Aside from the inflation, which I am assured is 'minimal' at ~7%, there are businesses to be built here, such as a bridge from hive to ltc along the lines of @bscbridge.
Or maybe a proposal from the dao along the lines of @v4vapp.
There is much to love about hive that is outside the control of the downvoting crews, of which I am an early member of one.
Absent some serious negative whale attention the distribution pool would have devolved into a bots only free for all that would have excluded from playing anybody that couldn't code.
As it is we still haven't recovered from the bot damage we did get, entirely.
Time, and more users, fixes that.