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RE: HIVE and The End of Oligopolistic Industry in Social Media

Everything else seems spot-on.

I too am optimistic about the future of Hive, particularly in terms of social media.

If you run the numbers at the most optimistic level, let's say the valuation of Facebook, $1 Trillion, and divide by the number of Hive today, 374,092,954, you get a price of about $2,673 per Hive token.

Of course, this number decreases over time as more Hive is printed through inflation.

My point is not that we're all going to become rich. Rather, it is to point out that there is still plenty of room to grow. Even if we are half as successful, or one quarter as successful as Facebook, then we can expect some degree of prosperity.

I think that what is missing is the network effect. Our network isn't large enough. We have to spend more time bringing people in to grow the size of our network. Facebook is worth $1 Trillion because they have 1 Billion people on the network. The value of the network goes up as the size of the network increases. The growth from Splinterlands is likely why Hive is growing at the moment. We are adding people who otherwise would never have joined Hive.