Investing is a status play. If you're a bitcoin investor or an Eth investors, theres a status that comes along with that. Crypto people are some of the most public investors there are. So many of us out there talking about our bags and comparing them. Hive is all about getting the people with the biggest bags to like you. That's status.
But currently most crypto is just speculative investments. Most of it doesn't do much. I'm just saying that in the same way status got people to invest in it and be interested, its now going to be the catalyst to get people to want to spend it.
It will be pretentious for a little while but in the long run I think it's a positive because it's going to bring way more people into the space. If anything its just going to make it seem more accessible to more people faster.
You're right, people will follow what higher media status folks do and will come into the fold. There are tens of thousands of coins and tokens out there that have been created just for mining. To me, that's just a waste of time and diminishes their status.