Hey, @taskmaster4450.
I'm glad someone around here is talking about economy vs. investment.
There has been a disconnect for a while now as to just what the purpose of first STEEM, now HIVE is. I guess it's easy to get blinded when investments go up and airdrops are a dime a dozen. The future looks bright while value is increasing and the tokens are plentiful.
But then reality sets in and that world comes crashing down and the next thing you know, you're back to using fiat in order to subsist because the digital world doesn't yet make food you can consume, or a roof that you can put over your head, or clothes you can put on your back.
Bitcoin was certainly heading in that direction as late as 2018 when I got seriously involved on STEEM. But thanks to the so-called crypto winter, I'm not even sure who all might still except Bitcoin, let alone some other alt coin.
I think as long as crypto is mostly tied to investing, it can not become an economy. Until a lot more than a few someones take the plunge and seriously get into the space of using the blockchain to buy and sell products and services—particularly beyond the digital realm—I don't see how the crypto winter, with perhaps a few exceptions, ever truly ends. And what I mean by that is, I don't see how HIVE's intended, expected, or true worth is ever achieved when it's so totally tethered to investing and the whims of speculation.
I would disagree that the crypto Winter cannot end without the use cases. Markets can take off and all that is required is some more investment. That is still a real scenario that can happen although it might not be the most optimal way of doing things.
In the end, token prices will do what token prices do. Markets push them up and they get pushed down.
In the meantime, we need to see the expansion of the development to allow for the creation of economies.
That is my hope anyway.
Posted Using LeoFinance
I mean, sure a crypto winter can appear to end when the value goes up, but until we're out of the perpetual pump and dump phase, I don't see how we totally get out of it. Unless we're looking at incremental climbs, like we may be in now. So far, as far as crypto goes, the scarcity model is still the predominant investment, which is something HIVE might be able to at least partially do were the inflation part of it to be tamed to whatever degree necessary, but that doesn't appear to be in the cards yet. And so, if we're talking going utilitarian, we'll need more use cases. Much more. And actual HIVE will need to be spent and earned, like you outline in your post.