RE: Can we save Hive?

Unfortunately i don't think it can be saved my friend. I hate to be the harbinger of bad news. I think the only hope is projects on it like bitcoin myk..that's more multichain and not only on hive but still better than what exist on hive today. The big problem has alot to do with the incredibly high inflationary rate each year. In addition to that onboarding is just too difficult a process with not enough reason to join. Most applications are designed for experienced writers which doesn't resonate with the majority of people who use social media moreso for quick 5 minute messages. Statistics suggest we only have about 5 mintues per social media encounter. So this wouldn't be appealing to the majority of people. The gaming apps are generally inferior to other standard comparable apps and will suffer little significance in usership.

Next is there is just not enough incentive to join. At first glance one would think Facebook and Twitter don't pay users to post and Hive is better. That's unfortunately not true. A big issue is hive posters factor their value against their local currencies rise and fall. Whereas Facebook and Twitter users factor their value on community and friends. Which will win out everytime because there is more value in community and friends than high inflation fiat currencies in local communities. So that means the true value is where all your family and friends are.

Also is the internal funding Dao. This turned out to be nothing more than a way for developers to pay themselves without addressing the fundamental problems on the platform. So one big issue is business people venture capitalist left dpos years ago and left developers who unfortunately believe pure technical development wins out over practicality. The other issue is because it's mainly developers making the decisions now. There is a lack of economic model understanding.. philosophy.. market psychology many elements that cryptocurrency space introduces due to its complexity we don't understand. So without further insight and this concentration of decisions to developers alot of important factors go undone.

Bitcoin MYK is the answer because it's a multichain project. We factor it can gain about $2 billion of value. A UBI project that stabilizes into a global currency through deflation. Even if a very small portion of what we believe to be our trickle down economics impacts hive.. We could see it adding another $100 million to the hive marketcap. The cryptospace has pushed hive out of the top 100 to the 130-150 spots. Meanwhile many altcoins although whilst losing their value have not lost their coin positions. Hive has tremendously. I would suggest hive look deep into the structure of bitcoin myk before its too late. I fear it will get worse before it gets better and i certainly suspect a sub 10 cents hive. Project like leofinance which i think have done a very good job with introducing metamask wallet users to connect to hive, now bare the problem of the hack which i believe had a negative impact on the product and it may spawn many not to want to trade their ethereum out for hive with the possiblities of ethereum being so valuable in the upcoming months. this spells bad for hive. Bitcoin MYK uses bitcoin cash onboarding system and you're able through our gateway to move bitcoin myk to several chains like hive , waves and soon polkadot and ethereum as well as many other applications of social media.