Will post the stats soon .
In the mean time here is a question for you .
Do you think Hive will surpass Leo price ? If yes , how much time do you think it will take ? If no , why?
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I don't think so, not any time soon perhaps. With the new projects coming up on Leo, and again I found out that most people don't really keep their staked hive, just a few to keep their resources credit, most people buy other tokens with their hive while some sell theirs. We have more stakes holders on Leo. I think that will give Leo the edge for now
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Well that's true . I personally do that too , I only leave the powered up hive staked , I don't stake the liquid Hive . I instead use that to buy some other tokens because that's what makes a lot of sense to me but what happens where there are lot of potential and good projects? Say I want to buy a miner tomorrow and the only way it is possible is through hive , then doesn't that put buying pressure on Hive?
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It's just like a big put serving other smaller pots, and if they don't all get filled, it will be difficult for the big pot to increase because it will keep feeding the smaller ones.
Hive has other tribes attached to it. They all depend on it, it depends on them to as the front end and back end.
But Leo just has to do with hive and it's inner project which are all doing well.
I don't know if you understand the fact that I am trying to draft out
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Well with respect to blogging yeah but other features are on other blockchains too like Eth , now BSC .
But yeah I get your point .
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No I do not think so. I am bullish on HIVE as it is the building block of the block chain. However this is precedent on the number of users who require RCs. As of right now, LEO are making the most appealing applications and they are closest to releasing them. Also with all the liquidity pools being created, there is a shortage of LEO. Also over 80% of LEO is staked but I am not so sure about HIVE.
I still think HIVE will go up but there is more liquidity on HIVE and if HIVE starts to pump more, I can expect some people to power down and sell out part of their HIVE.
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Don't you think the RC will be the reason in future for buying Hive? Let's say we onboard 100k users through projectblank , they get addicted and then they will have to buy Hive (to maintain the RC ) which will add more buying pressure for Hive? Will that allow Hive to surpass LEO price?
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What's RC?
RC means resource credits,with the RC you will be able to write comments,create posts and upvote posts,the more RC you have the more you will be able to engage in those activities which i mentioned....@ceestitches
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RC stands for Resource Credits . It is required for everything that you do on Hive blockchain , if you want to post , comment , vote etc it takes RC .
How do you increase them ? by staking Hive ( or in other words power up your Hive ) . The more Hive power you have the more RC you get and hence the more transactions that you can perform on Hive .
Where can you see your RC ? - https://hiveblocks.com/@ceestitches
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Great way to point to a useful tool.
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Oh thank you for making me understand this one
It's all right . Feel free to ask more questions . The more you ask , the more you learn , don't just be a bystander.
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That is going to be the main driver of the value of HIVE. Price of course can do its own thing.
RCs are how people are allowed to operate on the blockchain. Anything that is tied to the chain and done requires RCs. Thus, if there are 100K on blank, then yes that will require a ton of RCs.
The question is how long to 100K users? Hive is not designed to add a ton of users very quickly. I guess there are ways to alter this but it is slow. I think Leofinance has about 15K accounts it can use to sign people up. After that, it is tough.
Claiming accounts is slow. So we will see how it goes.
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Yea it's tough and I believe Rishi said the faucet doesn't have enough HP to supplement users if it happened either. I think there will be way too many new users complaining and our retention rate will drop.
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It is going to be tough to gear it up to higher levels if there arent the accounts.
The RCs can be helped by applications buying more HP.
That is one way to solve it and also the demand side of HIVE.
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I think the problem is you can only delegate out your own HP. Would applications like LeoFinance need to essentially pay for Dleases to get HP for people when they run out? So either way you got more people competing for HIVE and jacking up prices.
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@taskmaster4450le i believe what leofinance needs right now is to just engage in wonderful projects like the projectblank,what they need is more engagements that will bring more visitors who can then sign up on the platform...
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It would require way too many users to be added at a single time. Honestly if this happened, I think we would have too many people complaining about HIVE and it would be detrimental to the block chain. Imagine what would happen if people were complaining about the fact you needed to spend at least $20 to be active on HIVE? Or if this number jumped to $100?
Not to mention the people who would power down just to take advantage of the price jump then pop back in later when things settle.
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Oh yes that definitely can happen . That is what is the biggest problem Hive is facing right now according to me .
We boast of being feeless but in order to maintain that we have to figure out a way for RC problem .
I still believe RC trading can be profitable in this case . Dapps can buy RC or rent RC from users to use it on their users . It will be another source of income for Hivers .
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When you say price, what do you mean?
Are you talking market cap or per token price?
There is a huge difference between the number of tokens. HIVE has 400 million, LEO 7 million.
Thus it is likely the LEO price, per token remains higher. The market cap will not catch Hive unless no other applications do anything. I find that unlikely.
So LEO will, in effect, end up pulling HIVE up, especially with blank which is going to require RCs to use.
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Well I was talking about individual token price and not the marketcap because Hive is most probably 10 times bigger than LEO . I understand there are more Hive out there than LEO but so does Hivers . I mean to say there are more Hive users than LEO users so shouldn't that take the Hive price over LEO ?
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No I dont think so. If Leo keeps developing like it is, the per token price will always be higher, and likely by a large amount. The token distribution is going to be much less, thus it allows for that.
It is like the difference between BTC and ETH. No matter how popular Ethereum gets, it will have a tough time surpassing BTC on a unit basis since there are 10x ETH to BTC.
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You are right . My reasoning was flawed . By your explanation , if we ever see Hive beat LEO price that means we have created a big sink for Hive which eats up Hive a lot.
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its not the just the number of users that matters but the value placed on the token itself,for example a crypto might have more users than bitcoin users but the bitcoin is more valuable than that particular crypto with many users....
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Yeah you make a good point but my question is what exactly derives the value for a particular token?
Is it the usability ?
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