The dopamine feeding frenzy currently going onwith the token price rise is sight to behold.
Not a nice sight , but a sight nonetheless.
....oh, and P.S....
....and any negative emotions that you feel towards me after reading the opening of this post, are feelings that reside in you....I've just been the annoying person that reminds you of them.
I'm happy that you're so high - it's a nice feeling.
I'm always happy for someone when they score good grade narcotics - and the hive price hike looks like it's some seriously good quality shit.
Enjoy!.
Some advice...
Don't bring yourself down, by reading the rest of my post under the next piccy - it's a reality piece.
(you can still upvote it and pretend to have read it though - to both spread the wealth and assuage yourself of any feelings of guilt ).
Market price.
What is market price?
Market price refers to the price at which the exchange of goods takes place. It is determined purely by demand and supply, which means that the amount the buyer is willing to pay must be exactly equal to what the seller is willing to accept.
The market price mechanism cannot function correctly within a system that does not have sound money.
Inflation is not sound money.
Ergo there can be no market price.
There is no way to ascertain what it is, without sound money playing role.
DPOS doesn not facilitate , or even try to mirror - any notion of 'value'.
'Value' is a subjective quality, one that's reflected in the price (sound money)/supply/demand, equation.
QUESTION:
How do we find 'market price', in market that doesn't exist?
ANSWER:
You can't.
You can change the market place structure, so as to make it an environment where market price can be established - that's a relatively easy process , if there 's will to do such a thing.
If there is no will to do so (by the powers that be that own the ecosystem and the faux market) , it's very doubtful that it's long term survival is possible.
Because when (not 'if') a free market emerges where market price mechanisms are put in place - even in an inflationary, non sound money environment - the old models will simply... cease...
Now, the REAL question is...(based on an assumption that we want Hive to thrive)
HOW do we incentivize those that decide the market structure, to change the said structure?
The answer is in the question.
Incentives.
Incentives make the world go round. In theory.
(it also requires a healthy market).
HOW you incentivize 'the powers that be' to change their structures, if it holds no incentive to do so.
If they are too shortsighted (incapable, no less) of being able to see the big picture, (a 'talent' of the midwit) then trying to paint the picture for them to see, is a fools errand.
It's akin to Leonardo Da Vinci producing the Mona Lisa for a blind man to appreciate....
No, there has to be another way....
(I'm now, metaphorically, tapping my fingers on the table, to add to the suspense...)
Well.... yes!........ There is another way!
Wouldn't it be just a great idea if someone - or someones with an eye for quality and a desire to see free markets, showed the best 5 - and the worst 5 posts, in a post all of there very own?
('best' and 'worst' being the quality of the post relative to the inflationary rewards donated to it).
Of course, this would only be a subjective review.
But imagine if this person who made the reviews then posted his piece online to 5 or 6 different other social media sites, and asked for feed back from them , concerning the quality of the posts and the donations given.
Would that help to incentivize those who value peer approval to change their ways?
No one likes to be shown up as a moron. Especially the insecure and those of weak ego's.
Having your name connected to an upvoted post of tens of dollars towards a piece of garbage would reflect very badly on those doing the upvoting....wouldn't it?
(when the post clearly shows itself to be of low IQ or boring and as uninformative as fuck) .
And that's not even including the overall perception from the outside world that people would have.
How would they view that small ecosystem which enacts these twisted economic models?
That would make 'the powers that be' look like total morons, would it not?
They'd become a laughing stock over time. (never mind token price).
Now...who could we find that would do that thankless job? (for $20 a day).
Mmmmm...I wonder.
Obviously it's not a job any midwit could do,(bless) so they're not in the running...
I wonder who'd do that ?....
MMmmmm......
Incentives come in all shape and sizes, and while many people think it's the token hike that's giving you that rush - it's not.
It's the dopamine addiction, stupid.
Enjoy!
(pro tip: If your're feeling guilty for enjoying the dopamine hit - even slightly - then you have much bigger issues that need addressing.
Ones that cannot be addressed while under the influence of dopamine...)
P.P.S.
@leofinance ...I wanted to post this in @leofinance, but your web 3.0 seems to have met it's match with those pesky old fashioned jpegs - as it won't acknowledge their existence (for three days, now).