The fact that financial institutions have maintained their existence for many years is one of the factors that create trust. When we take into account the Steem history, we see that Hive has been operating for a long time. During this time Hive has been growing steadily. Although rapid growth is desirable, it can often lead to accidents, as in the case of Terra. This is also the case in the corporate world. As a result, I am satisfied with Hive's performance.
Posted Using LeoFinance Beta
Financial institutions are designed to convey trust, that is true. They have different things in place that is meant to aid in that. Things such as FDIC in the US feed into that same idea.
Hive just has to keep developing and expanding. Time is a great aid in this. We see people trust older versus newer.
The track record of Hive keeps growing each day.
Posted Using LeoFinance Beta