RE: Hive has officially reached the desperation phase.

"...what is going on."

Steem exemplifies what governs Hive, because Steem showed that if the platform grows enough actual IRL financial sharks will gobble up the assets necessary to completely govern Hive. Hive is a pure plutocracy, where having more money gives an account more power to govern. Sun Yuchen just bought enough stake to completely control Steem, and eliminated the oligarchy that @ned allowed to run things.

Hive eliminated that stake, and restored the oligarchy to control of governance. This is why they keep adoption and retention too low to attract outside investors that could gobble them up and eliminate their cushy returns.

Thanks!