Social media has become the largest financial sector in the world in ~10 years. It is wildly inaccurate to discount that aspect of Hive, because it is it's greatest strength. Were Hive's growth not suppressed in order to maintain the current plutocracy we'd still be Steem. However, the benefits of plutocracy to the plutocrats are compelling, and this is why no other governance model has been entertained, leaving Hive utterly vulnerable to hostile takeover to this day, prevented only by limiting growth to make Hive an ugly investment opportunity to loose change IRL.
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