Hive price got you down?
Me too a bit. Not because it is unexpected, but rather more that it feels good when the price is up. But it hasn't been "up" for a long. long time. But I guess anything is up from here. And of course, it isn't just Hive price, the whole market is a mess. Still, here we are on Hive, earning peanuts.
That is okay.
Because it is only peanuts in fiat. In Hive, it is still decent, though it might not look it. I remember back in the day when Steem was at about 6.5 cents and people were doom and gloom. It is lower than that now btw. Anyway, some people bought what they could and then later when the price was up, people complained about all the people who bought when it was low, and how unfair it was.
The problem is that most people in crypto aren't actually interested in crypto. What they really want is a fast way to improve their fiat lives. They don't care about the technology or the social potential, or the ability to transform the economic landscape and make it more equitable for everyone on earth. All they care about is whether they can get some token that goes up a lot in price so they can cash out and leave suckers holding the bag.
I have suggested before that this is part of the "problem" with Hive, as it is a social community also, which means that even if using a pseudonym, there is direct interaction. For all those other coins out there, it is all strangers trading with strangers, winners and losers are all unknowns. Here, we do interact with each other and as a result, at least some feel some kind of attachment to other people here. Selling a memecoin doesn't make anyone feel sad, embarrassed or guilty for those still holding.
And while that is a a "problem" for Hive, what I actually think is the lack of community for the other tokens is what holds back crypto. Sure, it is all about privacy and freedom and all of that, but the fact is that most of the tokens out there are a group of individuals all trying to make a fiat buck as an individual. There is no "win together" because there is no together. There is no collective, just a bunch of strangers who largely don't give a shit about anything other than themselves.
If they did give a shit about the potential of crypto, they would realise that in order for it to make a significant impact in the world for the majority of people, it is going to have to be connected to communities. It has to be supported as if the blockchain is a company looking to grow its offerings and make an impression in the marketplace, so that it can return dividends to its shareholders and improve the wellbeing of its participants. But that is not what they are doing, is it? They aren't building crypto communities, they are building groups of fiat-loving communities who are looking for a new way to make more fiat.
It is pretty pathetic.
But I am a bit idealistic and naïve in this, because I still think that if we have a chance to make the world better for humanity, it is going to take a fundamental change to the way we run our economics. We are going to have to find new ways to recognise value and it is going to have to be attached to the wellbeing of the communities - which is the opposite of what the current economy driven by corrupt centralised governments and corrupt profiteering corporations are doing.
For the most part, most crypto projects are just extensions of the same.
It is a pity, because instead of banding together into significant and influential communities, there are tens of thousands of crypto projects run by anonymous people who are just looking to enrich themselves, as an individual. There is very little "ethical" position for any of them. Which makes sense, because they are largely products of and replicas of the current school of economics.
Take all you can, from anyone you can.
A community can't function with only takers, it also has to have providers. And for a community to be viable, it has to be sustainable, where people are taking, but also putting in. For growth, more needs to be put in than taken out. And this is where the current prices of Hive should have people enthusiastic, because there is a great opportunity to buy into the community for a discount, so that later, the "taking out" can still bring gains, but leave more in than was removed. But people don't buy Hive, do they? Instead of putting a few dollars in, they expect to be able to earn everything, and many, hold nothing.
Maybe Hive will hit 6 cents, or 4 cents, or 2 cents - I have no idea. But when it hits 50 cents, 1 dollar or 2 dollars, will you be glad you bought, or bitter at all the people who "unfairly" bought at 8 cents?
Taraz
[ Gen1: Hive ]
Be part of the Hive discussion.
And you may be rewarded.
