A race to the bottom is fun for no one.
It ruins competition and you end up not making any money along the way.
However crypto is a different beast
Why is Bitcoin the biggest and most popular? Is it because it was the 1st? Is it because of the POW network it's built till now? Is it because of liquidity?
Yes to all sure.
But a more simple answer is, is because people have heard of it
A lot more people have heard of bitcoin than ethereum, more than monero... etc
So you can say, a coins popularity is a function of its popularity
This is where marketing comes in.
That is not my department. I am no marketing GURU
I like thinking about fundamentals. The gears behind the scenes running the show.
One little example.
Pump . fun VS Pump . tires
Solana's meme coin launcher vs pulsehcain's meme coin launcher
Without going into the nitty gritty of the details, pumpfun's fees go to the wallet of its founders, making them filthy rich. However, pumptires' fees go towards burning PLS and PLSX. So instead of making RH more rich, its helping the overall network and exchange tokens.
Now getting to hive.
Incase you had no idea, Hive is free to use.
Sure you need to have enough resource credits, so yes you need to buy some hive and power it up in order to "exist" in any form on the hive blockchain. But once you do that, once you get your hive power, you are good to know, there are no more recurring costs. You can use the hive blockchains, submitting actions that will go into the next block, all you want.
But I am thinking, why not have a ladder system where the more hive power you have, the more hive you have to pay per transaction
Now, how many hive = how much of a fee can be up to debate. would be interesting to see what everyone thinks would be best
like 100 hive and under free
100-500 hive = 0.01 Hive fee per move
501-1000 = 0.02 Hive
1001-2000.... etc etc and maybe over 10,000 or 20,000 hive power it ramps up..
I hope you get the idea, free for small accounts, a tiny amount that won't hurt any individual but helps the system over all.
Now, what happens to those fees?
Well that is something else we can all discuss
Should we just burn it all, where we can track how much activity is on chain based on hive power. Then people can make content measuring how much activity we need to negate inflation... we might celebrate a day where hive becomes net deflationary because activity/ burn exceeds inflation
what if a portion of those fees is used to build liquidity? maybe we build a solid web fuelled by network activity?
the possibilities are endless but it needs some initiative, some creativity and most importantly its needs collaboration to get things voted through.
I think burn would be best because it can be automated and built into the system. Building LP or trusting a wallet with funds is just asking for trouble.
What do you think of this?