When will hive become a big head of social platform ?
(Edited)
When will hive become a big head of social platform ?
Hello, by this question i mean when will hive have similar stats to any of the big social platforms like instagram, x.com, facebook, ect.
In my oppinion never/in a very long time because a lot of people are scared of crypto. i mean a lot of people love there actual platform and joining a place called : Write 3 words earn 5$ bucks could seem a bit sketchy. But maybe the quickness of the operation could bring a lot of new young people. Because hive have nearly infinite content and teens love to have unlimited content to watch/read.
- 2023
- 2024
- 2025-2029
- 2030-2050
- 2050-2100
- Never
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I think much closer to 2030 than 2050.
i voted for 2030-2050 and 2050-2100 because the idea is there but it will depends of a lot of things : gouvernements and crypto, other socials action, ..., ...., so more like 2030 but like 20260 could be too
Have you ever looked at the monthly active user chart?
HIVE has been in a steady state of decline ever since the witnesses decided to raise the interest on HBD to 20%.
The absurd interest on HBD was supposed to attract users. People with financial sense realized that the platform took on an unsustainable liability.
Last month we paid about just under $115,000 in HBD interest. HBD is a derivative of HIVE. $115k HBD is worth about 333K HIVE at the current HIVE price of $0.345.
Of course, smart investors hold off converting their HBD to HIVE when the price is high. What we see is that people convert HBD to HIVE when the price dips.
My answer is that HIVE could only become a major social media platform after it reduced or eliminated the interest on HBD. Since HIVE is controlled by a few whale accounts that want the passive income from HBD. I fear that the answer is that HIVE will never be a major playor.
Personally, I fear that the 20% interest on HBD has created a ecosystem that may not survive another three years ... which makes me sad.
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I see, well maybe i do a post about it. If i become witness it be 5% apr
can i use oyur text in a post to know what other users thinks about it ?
Sorry about the delayed reply.
Yes.
I wish that our platform had a deeper debate about HBD interest before we chose this path.
well we have time to discuss let see if the people we want to talk to have it too
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Nothing beats the entertainment aspects. Moreover, the are many "hive-like" platforms. So, it is gonna be really difficult for hive to get all the attention.
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