Great analysis!
I frustrates me too when I see others in crypto speaking about the ideal Web 3.0 decentralized future and completely ignoring that it already exists while spruiking their own platform that has lots of promise but is still vapourware with little community or track record.
But on the other hand I ask myself whether I really want everyone on Hive. Sure I’d like the Hive price to be $100,000 but it would push RC costs so high it would limit entry and would make people try to attack us.
I think I’d prefer a world where Hive was successful with single digit millions of active users and was just one of many Web 3.0 decentralized social network blockchains.
This diversity will make each one stronger and more competitive and harder to attack the whole ecosystem.
That's a really good point. When Hive price goes up, the RC's needed to function here cost more too. I like $1-5 HIVE....I know that's crazy talk to some, but I don't need Hive going to triple digits LOL
Great points man!