This Is Really Bad

erikah(83)

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Last week I read a post about Hive, about the good things, the bad things and about where we are today. I don't think I have to explicitly spell it out for you where we are, it should be obvious. A good part of the users are still dreaming of new all time highs and imagining $HIVE shooting to $10 or better to $20. Yes, I get it, hope dies last, but after so many years, if you have half a brain, you know we have to do something if we want a future for the chain and that something is not just talking.

Even though my time to spend on Hive is limited and it's going to be even more limited in the upcoming future, I've been thinking of what I can do to help. I'm not a dev, not a witness either, can't build anything (on Hive), so what I thought I could do is help promote Hive on X, if anyone is interested.

Today I dusted down my old X account that is linked to Hive and though I'd post a chart as we have a nice swing failure pattern on the h4 time frame. I meant it as a test, or a post to break the ice. Then I thought let's check what I find if I click the token's ticker, which is $HIVE and that's where I got confirmation of what we've always known.

I could go on like this till next week, but I suppose you get the idea.

The good thing is, for some reason X is displaying our token's chart on top, but maybe for me and others might get a different outcome.

X is listing my post on top, but let's not get drunk with cold water. It is because that's what the algo does, not because it has the highest traffic. (After 3 hours my post got 36 views and I bet 99% by mistake as people were looking for a different $HIVE token.)

It's really sad and frustrating to see we have no identity, so to speak, or we're sharing the name of the token with other projects.

A few years ago, we had a huge spike to the upside in a very short time. When I say huge, I mean really huge as someone bought a bunch of $HIVE, worth 283 $BTC (or was it 238?), by mistake. They wanted to invest in another $HIVE token and mistakenly bought our $HIVE. Needless to say the whole quantity was dumped right away and price went back to the same level the spike started at.

Today I had to scroll through the posts on X and read each one carefully to see if it is about our token, or another and most were not about our token. This is not only time consuming, but frustrating as well as it is like trying to find a needle in a haystack but what is more painful is that this is only going to get worse.

@demotruk had a proposal of rebranding, which was good to generate some discussions, but failed to get funded. This means problem solved for those who would be doing the rebranding, no headache, no funds spent (or wasted), but the problem of visibility is still there, unsolved and it is working against us as sure as hell it is not helping us.

Would a rebranding make $HIVE blow off the roof? Nope, it won't as without fixing what is broken, would only be like repainting a car while the engine is in a 1000 pieces, so more is needed here.

After more than eight years on the chain, I've seen and experienced quite a lot and would be really stupid to think $BTC going to $150k or whatever level people think it's going to hit, will drag $HIVE to $10 or whatever delusional number people think the toke is going to reach.

The question is, what's the plan? What are we going to do to get the platform out of this shite?

Demotruk's post attracted a lot of comments, accusations were flying, people got blamed left and right. Yes, we had a bunch of funds allocated to really stupid projects, some people filled their pockets and so on. We can go through those again, continue accusing people, but that won't solve the problem, unless those funds spent stupidly are repaid and put to good use, which is never going to happen.

So the question is, what are we going to do?