Having the backing of humans is enough backing for survival. MySpace social media didn't survive not for financial sake but less human was backing in. Facebook and twitter despite their disadvantages has more human backing and they are still surviving.
Mark bought WhatsApp for a reason. Now there is a significant link between WhatsApp and Facebook.
Human backing/validation is needed for survival of anything in this space.
Cheers 🍻
None of that shit you mentioned has a gamified token paying for the servers, they have monetisation, tactics, hive just monetises people who have no idea what they are doing
Can you elaborate more for better understanding?
Thanks in anticipation
Those social media apps earn revenue by running ads to their viewers that ad revenue keeps the business growing and maintains the system
HIVE just rewards the witnesses with a bunch of inflation and for them to get paid from that inflation they have to sell the token for them to sell the token their needs to be a buyer on the other end
So their rewards have nothing to do with the success or failure of the product only the amount of liquidity coming in by selling people false promises