I think retail is not coming otherwise you would see more power ups to maximize earnings. For steem also. People like to shill what they hold, Hive only gets shilled by hivers on crypto twitter.
Retail only knows Bitcoin and Ethereum. They don't browse coinmarketcap. They use popular financial sites yahoo, bloomberg. They buy crypto on Coinbase, Gemini. Hive is not advertised to them. They are not on crypto twitter, they are on bitcoin twitter. Retail earn more than alt-enthusiasts for this reason.
Financial assets usually underperform during legal tie ups. Crypto hasn't been any different. Even the bots are set to "fuck that". All that Hive from the hardfork is sitting there because it is to risky to 🔥 and to risky to use.
Those projects develop for themselves and create an economy surrounding themselves. Hive is just a gateway. They are not assets they are liabilities, and I wouldn't be surprised if they thought the same about Hive.
Good points, but as a 22 year old, I see my friends warming up to crypto again. And believe me all they want to do is buy shitcoins. The don't even want to know the fundamentals. They know it's gambling but want the 100X.
TronSteem will find a way to monetize rowdy gentleman. The more they party, the bigger the pump.
Agree, but I truly believe the higher Steem goes, the higher hive will go. It is extremely easy for the narrative to be "Steem is centralized, Hive is the decentralized Steem".
And this narrative will be much stronger than a premine or something, or the DAO hack for ETH, because it 100% provable and covered in stories, and there's no debate to have there. Justin stole funds, censored posts on a censorship proof platform, and has the ability to vote the witnesses as he wishes.
First of all, Hive doesn't decide if they are decentralized. The SEC does. Second of all I seriously doubt people will care or even know about the pre-existing conditions.
And also, Steem and Hive decoupling have began and every month become more and more uncorrelated.
I'm not saying investing in Hive was bad. I'm saying the circumstances has made it a tough hold. I even sold my Steem so I wouldn't be rekt. Screw the asshats that suggested otherwise.
What I'm confident in is that there is more innovation that will be coming out of TronSteem. Hive is the ok boomer chain.
SEC decides? SEC will decide that every coin they can sue is centralized. I'd like to see them sue hive. Who would it be?
However, it is very easy to sue Justin Sun and destroy steem.
You are not bullish.