So all your ideas to stop the price from falling are to... take away freedom and benefits of contributing and investing into hive? 😅

Sorry to say, all crypto is tied to how useful it is. The biggest boom to hive was the NFT craze and almost entirely thanks to Splinterlands. Since that died, it has been downhill since. Removing the freedom to move your coin, taking away the incentives for keeping it here, and generally downvoting people for not adhering to your new set of rules will just cause more people to flee.

As a social platform it is not doing so well, never has. There is no room for a new social media platform. The ones that do claw their way into the arena are propped up by nonsense and tons of money, then whither away when that runs out.

As a blogging platform, it is fine but no one really blogs anymore.

As a currency it is not going to work any better than any other crypto"currency" that isn't a stablecoin and even stablecoins aren't super useful considering the extra baggage they come with, people would rather just use fiat as a currency. It especially will never happen if people have to wait months to get the currency out...

As a 'store of value' it was too late, Bitcoin and Ethereum will always own that space. This is what 'cryptobros' want all their coins to be, but is really the worst usecase for it IMO.

So what does hive offer that would entice people to use and desire it? That is the question you should be asking. Not 'How do we stop the price from falling?' and coming up with short sighted punishments for people that aren't doing what you want them to do with their hive. 🙅‍♂

The real uniqueness and power of hive IMO is free and fast transactions. It seems to have been designed with the intention of having a vast community sending and receiving hive freely and often. The power down wait time feels contradictory to this actually, but is probably a result of there being no real reason for people to send/receive hive freely and often, and the defaulting of always wanting crypto to be some big store of value like Bitcoin. These two philosophies are fundamentally at odds with one another.

So... the answer to stop the price from falling? Get more people transacting IMO. Add incentives, don't take them away. If people want to cash out, let them, that creates volume at least.

But ultimately, we need useful applications of the system to be created. Splinterlands still exists, I saw another game is in the works that is like pokemon, might help some. But browser games with a small player base are not enough. There needs to be more everyday people uses that just aren't there right now. Which is really the hard part...