Thanks for writing a detailed response to my questions. Hive has changed in recent years with some of the second layer projects such as Splinterlands and Leo Finance (and many more to come) providing the bright future for Hive and even going as far as outperforming Hive itself but I think this was the idea of SMT's in the first instance. I would have never in a million years predicted that Splinterlands was going to be the success it has been. I am not overly optimistic on the future of crypto as a currency but I do think it can be a game changer when it comes to gaming and professions such as accountancy. My worry is around Hive as a platform as alternative social media. We all migrated over from Steem on our little boat leaving some behind such as @exyle heading into the unknown a few years back and now we all don't mention the platform that made us all what we are today. Like an ex girlfriend in a bad breakup . I. migrated over completely myself but what if something like that happens in Hive like in Steem in a couple of years and we have to move house again. Crypto is so volatile we never really know what is going to happen so I cannot trust any platform longevity completely. I think we are all so in love with this platform that an element of groupthink slips in and we think it is going to last forever. So the when to cash in some of the earnings should be in everyone's mind. You and a few others have stuck it out and built a great account through hard work and dedication which you should be proud of. In truth cashing out would upset you (and me) as it seems like it is throwing away all that work over the years. However ,if you wrote off your mortgage with the cash out, would that be enough for you? Your wife would be ecstatic I would think it would for me. You can always keep writing and you have that skill now. The best case scenario for those embedded in the platform is to make so much passive income that it dwarfs your "real" job. So much so that you can quit your job and work on Hive full time. That would probably be the dream which will hopefully come through. For you , along time before me. 😀
There is only one true vote, with your wallet and your feet. The more time I spend in crypto the more I realize that we are also shaping highly coordinated communities(call it 100% democracy instead of 50% majority democracy). We migrated because as a community, we recognized there would be more value for ourselves if we migrate. Interestingly enough, the hard-fork seems a beautiful democratic construct. You can keep the old AND go for the new. You can try them out and see what you like best, then swap completely if ever. You kept your STEEM and received HIVE, you then choose what to do with your life. Yes we did remove some members, but that was the value proposition. The active community creates the value and thus decides where to invest it.
HIVE keeps hard-forking, and that is OK.
Yeah you are right. It was a great democratic construct actually. worked out well for everyone.
Yes it was. Secure the foundation infrastructure, support massive growth on the second layer. Few remember these days.
It is always a possibility, but the reason for the move (centralization) is far less likely to happen now, at least through a hostile takeover like it was. There will be plenty more competition though. But think about it this way, that there are companies and platforms valued in the hundreds of billions - if Hive hit 2B in market cap, that is about 5 dollar HIVE - and that changes everything again, as it will be spread more widely than it was and, offer a lot more platform experience.
I don't see it lasting forever, but there is so much potential to be a market innovator, I feel I have to be part of it.
Not really. It would ease my mind, but it will not add a passive income. Possibly, at a significant high, I might cashout and buy an investment property to bring in passive income.
Yep - I am far away from that - but edging closer year by year. I just hope it isn't because I lose my job though! :D