Theres a lot of appeal in cutting L1 rewards and to keep hive inflation only for witnesses and the HDF and let authors monetize their content through L2 frontends and mine those tokens such as Leo and 3speak, that would drastically reduce hive selling pressure. Personally I don't like that idea because that should've been implemented since hives inception, but its not a TERRIBLE idea, just not something I'd support.
I get your point, hive is like a short term, grocery money cow for many (even myself at one point in my early, early hive days) instead of a long term, diamond hands, no sell pressure kind of mindset. Im not saying either is the correct one, but if the latter was the common mindset maybe things wouldn't be as you describe them. If the main selling point in third world countries for joining hive wouldn't be "come and make money by posting your puppy pics" then we'd be at 1,000 per hive, but such is life.
Yeah because if you consider Hive’s all time high the same as steem’s then you are looking at july 2016 or sometime end 2017/beginning 2018 then we are rekt when it comes to price. we occasionally have massive pumps that barely last a few days as people try to cash out profits. But I am loooooong over thinking hive will be a moon coin for me. For now its just a place to share my gold and silver hobby with fellow stackers and just slowly grow my account. Maybe if we get to like $5-$10 one day I might sell like 500 coins but meh. It’s like built into me to come back here everyday to make my post, read a couple of posts, throw my upvotes out there… crazy to think this experiment is almost 6 years old