So Many Why's.

The Crypto Sky is Falling Down.

The Hive Name.png
A brief few comments with with a respectable member of the Hive chain has led to this post.

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Why would any corporation use Hive?

There is no good reason for any entity to make use of the Hive chain. I welcome suggestion in the comment section. If you have any idea's why an established company might make use of the chain, let me know.

I can foresee in the comments HIVE/HBD has no fee's. This being offered up as a reason for a business entity to utilise the chain. NO! The company does incur charges for using HIVE/HBD. Hidden charges. these are charges on the exchange of HIVE/HBD to other currency people can use in their lives.

In the case of HIVE, there is a risk to loss of value. HIVE is not viable as a currency. Although it can be accepted as a token of value with risk.

HBD there is no thoughts on how to keep the pegged value. If it does go above the peg. Resources are squandered to reduce the value.

Additionally, we should learn a lesson from Elon Musk and Bitcoin. One large investor changing their mind would do a lot more damage to Hive then Elon done to Bitcoin.

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What about the ledger, as record keeping companies could make use of the chain?

Not really. It has been shown on previous occasions. A need to roll back the blocks. This would mean any company that had transactions during the time after the reset to a previous block would be lost. This could cause a nightmare for the accounting department of that company.

The biggest problem with this. Is who decides the rollback to another block. Does any company working with the chain have a say? Will their say be heard if their HP is not high and they merely accept HBD/HIVE as a currency for their product.

This comes down to who runs the chain. Is it independent, running on automation.
Any company that does it's research will read about the HF that brought about Hive. When they look at that, investing any large amount is off the cards. Companies just see the restrictions that the witness might impose on their stake.

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Who makes the choices for the chain?

Does it matter?
I think it does.
From what I see and understand. It is those who write the code and run a witness, that make the decisions.
While they might be good with writing the code.
What other education do they have? Are they experienced in finances?
Do they understand social economics? Are they qualified in any other field to be making decisions for the chain?

Benefits for the chain or changes that benefit the power already there?

Anything running with conflicts of interest will find it hard to progress. That is what we have here on Hive. Conflicts of interest making the decisions for the future of the chain.
This can be seen clearly by previous use of voting bots and then those same bots being outlawed. The same people who profited put a halt to the bots when others began to profit from them. At one time, posts were being flagged if a vote was purchased from anywhere but a specific voting bot.
Yes it came about only a special few could gain from the use of a voting bot. Those who sold it to you or removed rewards by flagging if you used an alternative vote to theirs.

The history of the chain itself, is a warning to any company to bypass Hive.

A majority of the same people doing the same thing for how long now? Still expecting a different outcome from the same actions. Well maybe the next time the same thing is done, it will be different to all the other times.

Many have left the chain because of the choices or direction Those in control have made. Some of which were specialising in welcoming new members to the chain and explaining things to them.

People of a like mind making choices. This has never shown benefit to a majority.

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reward Distribution..png

The above chart shows the basic structure of how Hive works. Hive has a daily reward pool and it is distributed through rewards or proposal support to projects.

That's it. That's the end of the road. Well almost. What happens to the rewards?
Rewards for posts are powered up at least 50%. Even those might be getting powered down by some to help with their needs. This need brings down the value of HIVE. At the current value of HIVE I cannot blame anyone that is cashing out. I have been in two minds about it myself.

The only thing that stops me, is possibility. Hive still has possibility's. It just has no one in position with vision beyond code. No ambition for Hive or its tokens to be anything more than it is now. Oh yes there is always the dreams of HIVE mooning.

In the current environment, HIVE will not moon. There is a greater chance the value will decrease.

Support for the chain, is held in the dream investor. Such an investor would put the current witness in fear of losing rank position on the witness rewards. Any investor would be greeted with suspicion.

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Questions I have for the witness that are above rank 50.

What do you see Hive can be in the future?
Do you have any road map of how you can make that vision become reality?
Do you see the chain as anything more than code?
Do you see a time when HBD can be used as a currency?

The replies to these questions open the doors to the future and discussion about Hive's future.

I doubt these questions will be answered though.

For the upcoming fork. I have serious doubts about the the choice of upgrades to the code that are coming. Probably looking at the new idea of converting HIVE to HBD. Is that code really a priority? How many will make use of turning HIVE to HBD? This is something I cannot see. Unless of course the ability to use HBD as a currency is widely available. Nothing is being done to bring about that reality of HBD currency.

The need to convert HBD to HIVE I see as more prevalent right now. Many that get HBD in rewards turn it to HIVE and power it up. HIVE is the token that can rise in value. (It can decrease in value too.) If HBD rises, this rise in value will be fought off by the DHF, removing support for other projects.

Let's move away from what every other chain is doing and work toward bringing about HBD currency and external support to the chain. In doing so, we can bring Hive to levels other chains have not put any thought to.

Why is there no Hive bank?

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Crypto Exchange:
Ionomy:
https://ionomy.com/en/aff/d0afaf8f56804ce181c5ef5db43d4a21
Bittrex:
https://bittrex.com/Account/Register?referralCode=DHH-RXK-11E

Discord Servers
Bro SGN: https://discord.gg/W2pdeDa
Hive Block chain Server: https://discord.gg/QxbgScK

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