For the past few weeks, I have been observing the price of Hive. All I see is a downtrend and my huge investment in Hive is going in vain. I'm not trying to be pessimistic here but it is very sad to see the price of Hive going down. I was wondering if HF24 would be one of the reasons for it. I have to be very honest as a developer on this platform, HF24 is still giving headaches to some of the developers. Some of the applications need regular monitoring and frequent changes to the code to adapt to the issues post HF24.
We have been trying really hard to do work around while using the public nodes. I'm not sure if things are stable for people who have their own nodes and their own Hivemind instance. Though it has been several days since the HF went live, there have been so many issues so far. There are still applications that are broken and yet to get a fix. Gina and Hivestats.io are the two things that I'm really concerned about. Apart from that some of the applications that I wrote and maintain are also giving me headaches with so many errors in the log. It is still keeping me busy every day.
I wouldn't blame anyone who worked on getting the HF24 implemented because it is an open-source project and a decentralized project. So managing something like this on a large scale is supposed to work like that anyway. But some of the things that are centralized on this decentralized network is what concerns the general users. When non-technical people come to me reporting issues post HF24, I find it really embarrassing to ask them to keep changing the nodes until they see something is working.
Do you think HF24 caused the downtrend for Hive?
Like I said earlier I don't want to think in this direction and be pessimistic about the new feature updates we get for the chain. I really appreciate the fact that we are getting new features and Hard Forks. But the way it is getting executed and the post HF issues that we are having should be mitigated somehow in the future. In some of the discord channels (especially where there are more Steem supporters), I see some discussions happening where people share the thought that HF24 issues drag the price of Hive.
Some even compared this downtrend with other blockchains that had a clone. They did mention that in most of the cases when a blockchain is cloned from another existing blockchain, the price of the new blockchain is always lower than the parent chain. I have also seen a few and the fact is pretty much true. But should we see this as a temporary downtrend and continue to have hopes on the price after a few weeks? This is a question that's been there in my mind for a long time and I would like to hear from others as well.
