The decision to remove HBD rewards from Hive posts shows a change in how the system manages its economy. Now most rewards are paid in Hive, which means more Hive is printed over time. From my view, this can increase inflation risk. If the supply grows faster than real usage or user growth, the value of Hive will slowly decrease.
Another problem is the lack of real demand for Hive outside the platform. Hive is mainly used only inside its own ecosystem. This is different from coins like ETH, LTC, or DOGE, which can be used for payments, services, or products in real life. When a coin has no external use, its value depends only on internal rewards. If user activity drops, there is no outside demand to support the price.
The governance structure also limits ecosystem growth. Power is mostly held by big Hive holders, making it difficult for new users to have influence. For new users, growth opportunities feel closed from the beginning.
In conclusion, Hive functions like a closed economy. It prints more tokens, has weak external demand, and is controlled by a small group. From this perspective, Hive’s growth will remain limited unless these structural issues are changed.