Its actually a dicey issues, I mean decreasing the power down to 4 weeks, a lot of people are making claims that steemit is doing it and steem is still doing well and they also argued that no investor would want to lock their fund for 13 weeks, personally I love having 13 weeks. I just feel people are becoming too emotional with this stuff and many are saying the 13 weeks is why hive is still not hitting 1$ and above. Better still we need to find an equilibrium between. 13 weeks and four weeks. As for me I love having 13 weeks but then who am I? Just a tiny investor
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This is 100% the issue. The current price of the Hive token is making people say stupid shit that they would never say if we had a higher token price. Our random ass token price shouldn't have any effect on the moves we make going forward.
I would support 4 weeks if we actually had network consensus to get 4 weeks... slowly over time one week at a time. But we don't. We have loud voices making wild assumptions about macro-economics like they couldn't be wrong. It's obnoxious that so many people are focusing on the wrong things. Clearly Defi and our stable coin are way way way more important than these timelocks.
IMO the main reason the Hive price isn't doing well is that it's not on enough exchanges. Nothing to do with the 13 weeks to powerdown.
Steem has an eastern user base and is on all the eastern exchanges.
Hive has a western user base but is not on the main western exchanges (Kraken, Coinbase etc). Investors have their favourite exchanges and won't bother investing in coins that arn't on those exchanges.
Instead of tinkering endlessly with the rules of how Hive works, people need to focus on getting Hive on more exchanges.
I would agree that Hive needs more frontend outlets, but Exchanges are tier 1 in that regard.
The best outlets are dapps.
Need more builders.
Now this I agree with you 100%
I think Steem is not comparable to hive, JS has some fishy shit going on with steem, That place is basically his own money printer.
Blurt I know way lower than steem and hive but it got rekt by 4 week powerdown, Went from 100 sats to 20 in a couple weeks.
Also hive can't hit $1 IMO is the marketing, No one really is talking about hive outside of hive. Very few on twitter, The dapps don't market at all, Hive don't market at all.
Hell you search hive blockchain on YT or Google you get the stock 🤔
Also very few even on Hive itself. Nowadays the real, human interaction is rare on the Hive blockchain. The average comments per post is 2-3, and most of those comments are bot comments. To be honest, the Hive blockchain looks like a ghost town from outside in terms of social interactions. Or rather the lack of it.
Really? I heard about investors, who lock their funds even for a year. Or even for more. Of course, not on Hive. Many people on Hive lack the long term perspective. Many people want quick profits. Probably this is what holds back the Hive price from reaching $1 USD.
The people on hive are thinking from the perspective of the investor, we really don't know what an investor will think I feel it's a really dicey issue
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Many people on Hive don't have the spare money to tie up for a long time. Hive is a place where people can blog for reward primarily and not simply an investment instrument as you are suggesting it is! Not all users are middle-class, university-educated Westerners earning a good salary.
This will be probably surprising, but neither am I.
Actually I do not even earn the minimum wage in my country (Hungary).