RE: Bluesky Update

I never said Hive needs mass adoption to be a dollar valued success story. Only that it can't DO scale in it's current state of the code.

There's a code limit to account creation (adoption). You know this. So for it to 10x like you envision it means there was either an influx of rich users or a wave of projects triggering big buys of base token. Neither needing mass user adoption first.

But what's here that would do either?

Which s why blocktrades and team are putting out new options on the table for new builders and new ideas coming to Hive with the recent HF. Which is a good move. It will take years to show results though.

So then the success I see is on that second layer (just like SL) and then the success of those projects sustains Hive token (for the RC needs) but that profit recovery/spreading then doesn't mean it goes back to the base token (to 10x), It goes into the native token of the projects and to their userbase.

Hive token can't be too expensive or the chain becomes a barrier for projects since who the hell would take a gamble on buying big for their project with a high price of base token. On a chain that hasn't secured the upward user growth. In fact, Hive is on the down trend for a while now .. and it's userbase is now very much Latin America. Which aren't very rich, and not really building. They're feeding on the current limited offerings. Which is good to sustain 'community' but not so much at sustaining or moving up the price of token.

So if an account is currently priced at $3 and a project envisions they will bring in 10,000 users initially. That's $30,000. If the 10x takes place that means they need $300,000 initial investment. That's not something many can do... and as the audience here is Latin America then again that limits the recovery of funds and potential profits.

I see Hive token live BAT (basic attention token) and then in a real world example I see it as an entry fee to events. Say for instance an entry fee to 'a horse racing event'. The fee covers costs of venue and such, some trickles into the attached businesses of hospitality merchandise and such, but the bulk goes to the organizers.

Yet, the success of that operation didn't mean the next event will go up in entry fee (yeah a small rise is expected, but 10x NOT) or else that limits greatly the amount of participation.

So down the road Hive might just be successful but since activity is attached to RC it would be counterintuitive for the base token to get expensive.. and so I see success of utility but always a token worth only a few dollars. Which is sustainable.

Yeah if down the road there's many projects offering a really impressive web3 experience it could level up.. but by then 'community' has evolved also, to not just be 'poor nations' so the feasibility of initial costs recovery for project seeders would then be a whole new ball game.

And the 'prestige' of 'built on Hive' would be very different to the stagnant state of things currently.

But that's a long way away.

So success of Hive isn't as simply as "mass users equal 10x and it's in the next bull run...." like many here think.

That's a coping mechanism for the true state of things where all you users that have been on chain for years grinding away think that for your commitment of time, your return should be much greater.

One could hope for that break out, but code is law... and core devs have deliberately kept Hive under house arrest for years.