If there is a straightforward and logical solution here, it seems to be to increase the userbase of Hive and to increase demand and trading volume for the token.
One of the biggest issues in this regard is that 99% of the apps on hive are costing us money and pushing down the token price. If we can get Hive up to $5 you can bet that people will be queuing up for accounts.
The last run up we had was caused by splinterlands going viral and people paying $10 a piece for spellbooks. The team had to buy hive off the markets to create enough accounts and to fund resource credits for everybody. Actual revenue brought into the eco-system.
We need to see apps like peakd generating revenue and buying hive off the market with external funds form ads or other sources. If there is no money buying the token from the markets we are just going to keep leaking.
Inleo have started this process so it will be interesting to see how it performs over the next year but every app should be able to fund their running costs in the long run. It's fine to get funded to start and help get set up but over time they need to start paying their own way and even bringing money back into the system.
To be fair apart from the hivewatchers proposal most of the ones funded right now are adding to our overall infrastructure and beneficial to the eco-system but we need more of a business mindset from the apps.
The exchanges are a problem and always have been but if we can grow the value of hive large enough and it's associated projects then i think that it will ease the burden of persuasion needed to get listings. Crim does wonders for the chain but we probably need a specific group of people charged with guiding the chain, answering queries and running a concentrated marketing campaign.
It doesn't take huge money to get noticed but it does take hard work and creativity.
- Core group of verified users to become a focus point for growth.
- Apps to work towards generating revenue from whatever sources possible.
- A strong and concentrated marketing campaign to bring in more users.
- Light accounts for users to join more easily.
- Shared resources for apps to build on the chain.
- A hub for people to get information and share ideas and projects.
- A legal entity to take responsibility for necessary paperwork.
- Generate more volume organically from projects buying hive from the markets.
Basically get a group of the most knowledgeable and hardworking users that are willing to create a three year plan and have the ability to execute it.
A proper roadmap for growth and get buy in from the different apps and projects on chain to implement it. Too many projects are wasting time building the same things instead of making better use of our resources by building it one and sharing it to everybody.
We don't need five types of lite account. We need one type for five projects.
That frees up the other four dev teams to build four other pieces of infrastructure that other will also need and speed up development by 5x. Just as one example.
I've been on hive for 7 years and it's still a nightmare to open an account. A problem that we've been talking about since day one. It's better now but still not simple and quick enough.
If the apps are good enough then we can market them separately as great projects for anybody to join and focus on each one as a stand alone project that can be a gateway to hive and the wider eco-system.
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