I mean this, I really do.
Honest.
I cannot keep going around in circles (and circling the drain).
This is a flawed system, and nothing I say will change that.
I'm not going to even bother trying anymore.
It does me no favors and it wastes my time.
Some people get off on hitting their heads against a brick wall, but it ain't my gig.
The only way I can stay not involved in this place, is to extract myself from it.
Hitting your head against a brick wall, and caring about the wall to, is definitely a recipe for disaster.
I can only be involved with something that I care about, and as time goes on, I'm caring less and less.
I might still throw in my 'two penneth' now and again, but it wil be rare..(honest).
My posts will be no longer be hive related (with the possible exception of piss taking videos at the current insane asylum).
If you see this as a negative take on hive (steem), then you are part of the problem that I'm talking about.
For the purposes of this post, I will just use the term Hive, although much of it refers to the time when 'we' were 'steem'.
This is a critical look at things.
If you're unable to see facts for what they are, and 'feel all negative' about others pointing them out, then that is your problem.
It's a problem that runs throughout the ecosystem. ( I'll come to that later).
Hating the messenger for the message that's being delivered, is about as childish as it comes.
'Childish' is a term that comes to mind far too often, for me, in regards to this 'blockchain' world.
Lets call this social media 'blockchain world', four years old.
That's around the time that the 'social media blockchain' has been up and running.
I was looking at the stats on 's post the other day, and something really struck me.
How tiny the user base of hive is. (I think the current hive system has taken many from steem, but lets be generous to steem - and for the sake of argument - lets call it 50%.)
So, 50% of users are here.
Hive is hovering on the 4000 posts per day
And what is the average number of posts per day, per person?
I don't know for sure, but I recon that a lot of people here post more than one time a day.
Lets say they post twice (for the sake of argument).
That then means the user numbers - based on posts and posting two times per day - is only around 2000!!....FFS.
So being generous (again), lets call that 4000 active accounts per day, on both platforms, posting.
After 4 friggin' years??????????!!!!!!!!!!
People keep 'launching initiatives' to onboard more people,to improve retention rates, etc, but to fail to see this glaring reality in front of our faces.
To not understand that there 'something else' going on here, is being willfully ignorant in my opinion.
People are not coming to the platform. (or staying)
Period.
While positive actions can be laudable, enthusiastically painting a house that's riddled with woodworm just ain't gonna do the trick..and is not laudable.
SO....
Inflation of the token (more supply) reduces the unit value of the token, all things being equal. This is math.
The 'reward pool' is inflation (of the token).
This is the system.
So increasing the value of the token is dependent on what?
More users?
More investors?
After the recent and ongoing debacle highlighted by the fork from steem, I can't imagine one serious investor on the planet seeing the current 'product' being a worth while risk (long term, not speculating on price).
Anyone with a brain in their head that's not the color of emerald, can clearly see the fragility of the ecosystem.
Trustless? lololol...yeah, right...
After the recent events with the HF, it goes to show the fact that you are not in control of your own crypto account.
That is a harsh – but very real - fact.
The rest is wishful thinking and hopium.
This is one of the reason I'm powering down.
...Throw in the 13 week 'lock in' time as well, and you get a time frame that's too long to allow for an investor to react to crypto market conditions.
So we also have a product that is not attractive from that perspective.
As the system stands right now, lets discount investors to raise the price/value.
I see nothing to attract a long term investor, not one that owns any working synapses, anyway.
Ok, so now it leaves the problem of users, and growth...
'Build it and they will come', as they say....
But here's the thing – It has been built – for four years.
And they are not coming.
The question 'why not' is the next one....
There is something far deeper involved in this structure, and one that makes it an unattractive place to be, for many people.
'the average user doesn't understand crypto'
Truth bomb ...'They' don't care. It's not their problem.
It is yours, though, if you are looking to grow the base.
The faux intellectual superiority expressed, and calling the rest of the world 'average' or 'stupid' for not giving a shit about crypto, ain't gonna onboard many other people, now is it?
I was talking to the other day, and he said something that really struck me.
(I'm 90% sure it was him, anyways - I've scrolled back through the comments, and I can't find it to confirm)
It was along the lines of how he 'didn't care' about an account worth only a few hundred dollars and who 'claims the rewards 10 times a day.
(I have nothing else to do but switch around pages while I'm thinking, and if there is a reward claim, I claim it).
He also mentioned my concern about losing small amounts of money, to which I stated, that whether its $20 or $20,000 its the same principle, and I do not like my property being taken off me. I 've also never been rich enough to not look after my assets carefully. )
I'm not having a go at , btw, but it is a perfect example of the 'wrong attitude' running throughout hive, in my opinion.
This is another one of the reason that I'm powering down.
(So thanks to . Seriously. I like being made to think!).
And that's another thing while I'm at it... powering down.
What is it with the the negative attitude and morale superiority expressed in these parts, when it comes down to other people doing what they want with there own assets?
Do you think that attitude makes for an attractive user experience, an inclusive platform?
The attitude goes something like this...
'You can come and post and make crypto, and be all happy clappy, but if you dare to power down with your own assets, we will see you as a pariah, and a traitor to the hive ecosystem'
And P.S....and if you do power down, you can kiss my up votes goodbye.
That's nothing short of dark shades of an authoritarian communist mindset, if you ask me...
'you do it like I say, as I wish, or you will be punished'.
Yeah, that'll work out just fine and dandy as a strategy to bring more people into the ecosystem and stay...
That's about as an attractive a proposition as contracting herpes.
Most people are not lefty communists, and they like to be in charge of their own affairs - without the hive morality police looking over their shoulders, and without some kind of 'condemnation' from a community that is only amicable to them if they tow the 'hive' party line.
(And, when you also have the childish behaviors of idiots like the poison dwarf running around the place, it becomes more and more authoritarian in nature).
'I don't approve of you, I will take away your rewards.'. lmao....DPOS? It's fundamentally fucking flawed!
I ain't going anywhere, btw - I'm here because I'm doing what I want, and I never get on my knees to suck cock (no matter how small they are).
If this place doesn't change - and I mean fundamentally- I see it heading in one direction only...
So I will be powering down for now, and profiting from hive elsewhere, to then try and give back to the community that follows and supports me.
Have you seen any commies doing this? spreading their own wealth, voluntarily?
No, thought not..funny that.
Ok, rant over.
Well, no it's not actually, there is more to say - I just can't be bothered...