Even though i am not that active these months i always check the price of HIVE, GIFU and based on my time, some news around Hive. Honestly speaking, besides GIFU i only have a constant frustration. First of all as the title indicates, the witnesses decided to decrease the APR to 12%. As a matter of fact, most of them are voting for 10% but thanks to some who set it as 15-14-12, the price is set at 12. Note that it used to be 20!!
These past few years and even now there are constant conversations both here and on Discord about the future of Hive, about why the price is that low, how we will increase it and so forth. I have also shared my views about it but there are people who not only expressed their point of view, but had valid arguments, did the math and provided ways and solutions.
The results are that some people who hold the power here in terms of HP, they basically continue to do whatever they want, they don't listen to anyone but themselves or their close friends and that's why we keep going from worse to worst. So either these people are extremely stubborn and don't want to admit wrong or they are basically taking advantage of Hive and the community for their own wallet. Sometimes it can be both.
Hive not only needs more everyday people who post, upvote and communicate with each other but above everything needs investors and Dapp creators who will create interesting things and bring way more people.
The marketing initiatives so far are worthless, no matter what you tell yourself. I would urge you to break down the amount of money the DHF invested in these marketing initiatives throughout these years and the end result. We are spending thousands of dollars to attend crypto-science events to get new members. How many will join and how many will stay? I for once have never decided to invest in a crypto or join a community from a said event and literally nobody that i know of.
Simply promote the shit out of Hive through social media, where way more people will get to see and way more people can easily join and sometimes it can be free, if you use TikTok, for example. Why that denial of traditional social media, while everyone is there? Events are extremely outdated for this goal.
Also, i have read countless posts again throughout the years saying that decreasing the APR pretty much solves nothing. I hold both staked HP and HBD and have not powered down anything so far. I kept witnessing people talking badly about the APR, while in reality, it solves nothing. We have the same talks when it was 20%, it moved to 15% and basically the price keeps getting dumped.
The reason is obvious. It's not the APR. People are getting tired of Hive, they don't earn, not solely because the content is bad, but because the price is dumped and a lot of people are basically upvoting their friends. Also, the DHF is one of the main reasons we are where we are. Millions of dollars spent on dead projects, on overpriced projects, on people who don't deserve that money, on failed proposals and lack of accountability. Simply have a friend with tons of HP and you are okay to get funding.
In the funding world, there are certain criteria one needs to have in order to get funding. Proper business and marketing plan, monthly, quarterly, and yearly numbers and projections, detailed numbers on everything and accountability if something goes wrong. Here we have people who don't have any of that, make a generic post that chatgpt can do, and ask for salaries, high amounts of money that nobody would actually give them in real life.
Cut the funding on most of the projects, create a new way for proposals to be made and voted on, where other factors besides how much HP you hold would be taken into account and let's wait and see. Use social media to attract people and have 1vs1 talks with investors and dapp creators.
Alternatively, let's continue this path, cut the APR to 10% then 8% then 5%, keep taking advantage of the community and people and see Hive reaching 1 cent, while at the same time more money will be made for everyone, including those who are taking advantage of it now, if the prices go up x10.
On a brighter side, GIFU seems to be going well. We are not that many active to be honest, but still most people who bought are holding. Also, there are slowly but steadily steps forward so there is something.
It has potential, but note that this is still a memecoin. I hold around 5million GIFU and i plan to get 300k more on Hive. GIFU is both on Hive and Binance Chain! I honestly don't have any high hopes or something but i have more hopes than Hive!