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RE: Wen Moon? Using on-chain data to gauge the health of the Hive economy

in LeoFinance4 years ago

HIVE (and SteemIt) have suffered this problem from the beginning.

The platform has been dominated by people seeking to pull money out with a vain hope that somehow it would pull enough new investors in to keep the currency stable.

IMHO, for HIVE to thrive, there has to be some compelling reason for people to buy HIVE ... other than a vain hope that newbies will someday join the ranks of people pulling money out of the system.

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Exactly, there's a term for an investment that's success relies solely on new money paying out old.

I once uttered a word with the meaning "there's a term for an investment that's success relies solely on new money paying out old" and I discovered that HIVE is not immune to cancel culture.

It is a word that should not be uttered.