At some point, the HIVE price is going to break out, and it doesn't take too much to actually drive the price. I was reminded of this last night when I asked what was driving the price of SPS, and supposedly someone bought and staked 2M SPS. That sounds like a lot, and it is for a single account, but at around 75K worth, it accounts for only a fraction of the 45M market capitalization. But, about 62% of the total SPS is still staked, and the trading volume isn't that high. So a little value injected in can drive the price quite easily.
Hive only has about 40% of the total supply staked, which is actually quite incredible considering that it earns about 11% a year through curation, plus attracting almost 3% APR growth. 14% is not too bad considering the state of the world economy. This increase in token amount also has to be factored into the price.
For instance, if HIVE was worth $1 (for simplicity), and 100 was held today, used for curation and earning the APR, there would be about 115 in a year from now. If Hive is then at $2, which is a doubling in price, the actual value is at $230, which is a 130% increase. Again, nothing to sneeze at, if HIVE went from 1 dollar to 2 dollars in a year. However, it is all relative and depends on what kind of future one wants for their account, or life for that matter.
Most people are impatient, so they are looking for big gains quickly. It is much like in a heist movie, where they are looking for the "last big score" before retiring away to a tropical island. The fact of the matter is, for the majority of people, that isn't going to happen. This means that like most people who have built wealth in the world, we are going to have to be part of something that will not only generate value, but have some longevity to it, so it will last.
We don't think much about our "career" these days, perhaps because we have built a culture of hopping from one job to another. However, we used to go to school and get an education, with the intention of building a career, which would give us a steady income stream by working for a company, or running our own business. This seems out of favor now, with many kids aspiring to be social media influencers as a job.
However, they don't seem to recognize that they are likely to live between 80 and 100 years on this earth, and the amount of income they need to do so, is probably far more than they will be able to earn through a saturated marketplace of creators, with an increasingly thinly spread audience willing to pay. Most of the influencers on the social channels are young, yet they don't necessarily have any employable skills. This might be fine for a young audience, but as they age, their audience ages too, and starts to demand a different kind of content. The social influencers who are older, tend to be those who have been skilled athletes, musicians, business people, comedians, or have created something lasting. To be relevant when older, people have to have done something with their lives.
They weren't influencers, they were doers.
What they did attracted people, affected people, made an impact on people, so that they could be influential. Nowadays, it is just people engineering a perspective of themselves in order to influence. It is largely a charade, praying on the gullibility of an audience that is too busy to actually stop and look at what they are scrolling past and question whether it is realistic, or not. And for the most part, it is not. Yes, there are a small fraction of people who make decent coin as influencers, but they are few and far between. For the average person, spending time getting and working at a decent job, will far outperform the effort put into an online persona in the hope of triggering ad revenue algorithms.
But of course, the platforms that are selling those ads, don't want people to realize the true chances of them making an impact, let alone making an impact over a long period of time, because it is next to none. Even the shares aren't about people sharing the content that they like so others can enjoy, it is largely about them wanting to be recognized for sharing a particular kind of content to brand themselves. It is all about increasing the value of the individual, even though there is little value in doing so for most people.
But, the platforms will perpetuate the myth that anyone can do it, by making "anyone" a star, based on their choosing. It is like in The Running Man film with Arnold Schwarzenegger, when they run a death gauntlet with the prize being freedom on a tropical resort, only to find that the past "winners" were actually murdered instead.
Why pay the prize, when you can kill the prize winner?
And this is essentially what the platforms do, because while the audience keeps shifting and changing their tastes based on the suggestions the algorithms push them, the platforms just drop one influencer who is out of favor, for another, as they have an endless supply of relatively unskilled labor wanting to work for them, in the hope of getting paid.
It is funny, because people who are trying to make it as social influencers often cite the opportunity to work for themselves, and that being a wage slave is the most terrible thing in the world. At least with a salary, there is a contract that secures a monthly income, rather than a system of work your ass off, whatever you create is ours, and we might throw you a few scraps every now and again to keep you on the hook, as if that "big score" is just around the corner.
What is happening is that the vast majority of the wannabe influencers are being mined by the platforms, having their value extracted cheaply, and once dry, moving on to the next influencer to mine. Most are getting shafted. But, hope is a wonderous thing and provides a great deal of incentive, especially when there is the sense of the fast, big score, juxtaposed against having to build a career over the space of decades.
A lot of the young are pretty negative about how the boomers spend their money now, but they don't seem to consider how the boomers made their money in the first place. The majority of the ones who did end up being well off, worked pretty mundane jobs, day in, day out, for forty years. They didn't have glamorous lives, lots of gadgets, a closet filled with name brands, and holidays several times a year - they lived pretty simply, because a simple life was about all there was.
Fucking boring.
But, you still want your inheritance, don't you?
Taraz
[ Gen1: Hive ]