so there's a few things at play here. a lot of people are pissed about hive inflation. but i really think the focus should be more on why isn't hive a fun place regardless of rewards? if hive community is cool money will follow. if roi is the first priority (even tho at the end of the day it is no matter who you are) if you show it all the sudden you're tense and serious and not fun to be around.

then there's the korean side which also matters because upbit happens to be the only cex where hbd is traded. yesterday a single $66 transaction made hbd look like another luna crash when it wasn't. i got caught off guard even tho i knew more about upbit than most people and i genuinely believed hbd was crashing. i didn't bother to look at the order book and realize all it takes is another $60ish. nobody on the entire hive community looked at upbit public homepage and see it.

there's perceived crash + a bit of actual decline on hbd price on the internal market. you add that to hive price going down + dhf spending + high apr, now people are losing their minds.

but one thing i kinda forgot about over the years was the fact that as long as there's witnesses running the nodes hive will exist. you can go down to the last single one and hive will exist (tho it may be centralized and unrecognizable).

there's talks of bringing down 15% apr among small fish but i have no idea what the whales think. i haven't seen much public talks on their part regarding hbd apr.

it seems like south korean economy is tanking harder than hbd. i do have plans to gtfo if things go sideways but i also think seoul can bounce back hard. there's still a war culture here (from the actual war) that refuses to give in.

it seems like there's no reason to hold hive right now because just like any other token price has to go up or at least remain stable to maintain the ecosystem. but like i said in my earlier post i see hive as more of a zombie that refuses to die.

you have to hedge your risk but i think hive hbd and korea are going to be ok. at least i dont see immediate reasons to start panicking. there seems to be too much negativity than there needs to be. i see good reasons to be concerned but just like price certain emotions will put you on a downward spiral.