I think after observing this model and studying it my findings are even worse than i ever imagined. I do think reducing the inflation rate is going to be part of one step in the psychological makeup that goes along with it. Not so much the technical situation. For example: in stock splits really doesn't matter how or in which way you split the shares the psychological effect on the market is what takes place. So in that way human psychology impacts markets and it's often times not included in market analysis.
The 800lb guerilla in the room is that we just haven't sold the Orwellian dystopian view of censorship on social media well. Which means most people don't care about that. They care about use. So if you don't truly have the angle to push that what do you have?
Earning on blogs? Well the earnings aren't significant enough for most to care. The other part is the people who are stacking up coins don't have really enough incentive to pay for free social media. As to say the culture of social media many are coming out of was based on freemium services not paying for free content and free blogs. People are selling every hive they can find because deep down i think they are aware of this.
So what are the solutions. There are no solutions in respect to the Hive coin itself. At best now it can only function as the backend infrastructure or more like a stable coin leaving it's investors for the most part out to dry unless they are just clever enough to through some means keep generating more and more hive under the threat the rest of the market won't value the hive based on many of the factors expressed above. So it's quite uncertain waters and you most certainly won't see a billion dollars on the hive blockchain anytime soon or ever.
The only solutions i can see at this point is total investment in side chain products or some type of token that takes into account this issue. The problem is the tokens that exist almost verbatum follow most of the major apps that have already existed on the chain not allowing really for any new innovation. These projects are often times smaller have a slight window of opportunity but for the most part if they ever reach large scale will probably just follow the path of many of the hive apps that's come before it. They are small now so opportunity whilst now is plentiful may not be later.
So with that said it probably does need to be a token or side project but has to do a few things that i don't see any doing. The first thing is the ability to upvote at one's own discretion should be removed. It should be replaced by an ai.. that through emergence of patterns determines what each post should receive. Now some may not like this.. However because its no competitive pricing there already is not really any standard proper .. fair or well done distribution model that exist in any form anyway. So this would work many times better. The ai would determine the value of the post and you'd still have detection groups to block out spammers and reduce them. You'd maybe have many of them over the amount we have now.
This may create some new excitement for new users to care about these products. I did make one error. The error was that no projects exist on hive in a similar fashion. Thats not true one does exist and it already has more registered accounts than most hive projects. That project is Bitcoin MYK. Although it requires alot of work the foundation is properly laid ot create a product that can grow and have value. The problem is no matter what you build or bells and whistles you focus on without interest and users doesn't serve any purpose helpful to anyone so it doesn't matter.
This hive dao was a complete disaster. Prime example of a big problem here. This dao mostly funded people building and working on the infrastructure but the problems that persisted with good or poor technology still existed after. There was no significant outreach for growth or marketing or notiriarty. NO brand effect no nothing. No funding at all went to anything like that or cutting deals with big content influencers to bring in quite a bit of buzz. None of that and the funds spent a complete waste of money. Although projects like that were proposed completely ignored and controlled by a small group of influencers in the hive community with enough hive power that didnt necessarily represent the masses.
These are all huge problems and many people dont know what the problem is or how to address it. Bitcoin has been successful pretty much through its run. It does nothing it just sits there. It's a bad currency its a bad everything its not even a good store of value because it's an accidental store of value. Why would you need a digital currency that becomes an accidental store of value over just creating a store of value from it's inception that can do it better.
So the bitcoin halving was put in there by Satoshi and it serves no real use or purpose we are aware of. So why was it put in there? Well it was put in there more than likely just to make the price appreciate. So Bitcoin MYK on hive has a version of the halving and it inherits the btc ledger yet is a token on hive engine. I"m not saying thats the only solution but it's the best one i can think of now under the circumstances as they don't look good to me. If they start not looking good to more and more people then you not going to have enough buyers to offset those sellers.
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