"Thanks to ola..."

What is ola?

The phat Hive wallets didn't come from creating content, but mostly from mining Steem early on, or from milking creators some other way, just like the real wealth from gold rushes didn't come from busting rocks but from selling shovels to miners, running brothels, or towns miners came into out of the cold when their sacks were phat.

Even so, without the mining, no one would have made anything. Social media is today the largest financial sector in global markets, exceeding manufacturing, mining (including petroleum), and defense. It is THE market to be in, and the FAGMANs (Fakebook, Apphell, Goolag, Microshaft, scAmazon, and Netfux) well prove that. However, all the FAGMANs are widely detested for their censorship and egregious data mining, both problems Hive can eliminate for it's users - as could have Steem. The avarice of the whales keeps them sucking ROI via extractive profiteering (none of them have blogs that meaningfully contribute to their stacks, and they are 99% of the downwards price pressure. They only profit when they sell) off the rewards pool, and because they maintain control of Hive governance by maintaining a bare majority of stake they will not risk that ROI for far greater capital gains they might attain by allowing Hive to grow, because that would risk their control of governance.

However, the lure of the $M's in the DHF has proved too strong for them to resist, and sucking it dry without getting caught committing fraud is more difficult if GAAP are implemented for all DHF expenditures - and that is why not one mention of standard double entry bookkeeping was even made at their round table.

They keep this shit up they're going to get caught, and that could well end Hive and the potential for it to implement the initial vision and potential for censorship resistance and a media platform owned by the creators that is not vulnerable to the corrupt influence of advertisers. All we'd have left then is Blurt!, and that has it's own whales and governance issues.

Proper search could greatly improve the utility of evergreen content in our back catalogs, and, as I pointed out, monetizing that content on a second layer is entirely doable, which would incentivize it's creators to promote it across the global market, and assist Hive in recapturing it's market position and outcompete lame FAGMAN platforms. The censorship has to end though.