We all know something funky took place yesterday with the price of HIVE. The token dropped more than 50% in a very short period of time. After some research, people concluded that it was the Korean Exchange Upbit that was doing the selling.
It is also not a secret that Justin Sun wants the price of STEEM higher than HIVE. That could have been part of the motivation behind freezing some of the larger accounts. Now, they are locked up and cannot power down. This removes the chance of 17 million STEEM hitting the open market.
While we all look at price, it is often reflective of very little. There is this age old adage:
Those who focus upon price increases are simply looking to pump. This is often the source of manipulation which is common in markets. Bigger fish can often use different tactics to create buying or selling pressure. Of course, ultimately, with little behind it, reversals happen in short order. It is the classic pump and dump.
Value creation is another matter all together. This is where the people "on the ground" are doing the grunt work to make things better. Price often does not reflect this as there is a delay.
Sun is focused upon price. He wants to pump STEEM up, if for no other reason than to prove to everyone it is better than Hive. Once again, that tells very little of the story.
To contrast, we take a look at the post put up by 
The post lays out some of the decisions made and some of the future plans.
@hiveio/community-discussion-updates-hive-airdrop-exclusion-core-developer-meetings
What is also very interesting is the fact that there was a bi-weekly call that the developers had. In keeping with the idea of transparency, all can listen to it on YouTube.
Anyone going through the video can see the number of developers who are involved in the different facets of the operation. This is truly spread out with many people taking on the roles that were handled by Steemit Inc.
One case is point was when Dan of Blocktrades mentioned that he did not want to spend a lot of time on a particular piece of software because they are looking at changing it out to something more standardized. This is a key point. In the world of software, something that was "in" 3 or 4 years ago might be passe today. With Steemit Inc operating on a shoestring budget, headed by one who exhibited ADD tendencies, there is a good chance some of the infrastructure needs changing.
Of course, the base layer is only part of the story. The other parts of the network are the applications built on top along with the individuals who are using those applications. This is where the term "network" can take on many meaning (i.e. involve many different layers).
We are only in the 3rd week of Hive. Each of us can help to bring value to the Hive network in our individual way. The success of Hive depends upon activity. Here again, we see this applying to many facets. The activity of the developers is only one piece of the puzzle. It is up to the rest of us to fill-in the other areas.
Warren Buffett is a long-term thinker. Focusing upon price is often a short run endeavor. Prices can more very rapidly. Value, on the other hand, is created over time. This is something that Buffett knows well. It is amazing how many years it takes to be an "overnight sensation".
While we all like higher prices, unless one is looking to buy, ultimately it is value we seek. The lessons from 2017 should still be fresh in everyone's mind. Those projects with little to no value end up fading away.
If you found this article informative, please give an upvote and rehive.
Posted via Steemleo
