Well again i feel i'm maybe going in another direction but price is certainly the last thing i look at. There use to be coins in the top 10 that i'm not sure even exist now that once performed well price wise. Four years ago when i came to Steem i tried to figure out what exactly it was. What is this product good at and whom is it for. I understand from the view of a blogger these type platforms are very valuable to them and i respect their view and i understand where they coming from.
When i look at this from a much broader view to me the blogs have a value of zero. Doesn't mean its not worth something to someone but has not much value to me simply because i acquire the info free okay often times. So i went what is Steem good for which is Hive. The Hive people at that time were the Steem people.
So my first year on Steem i figured out and mentioned it on several posts this is a viable payment system. It works better at a stable price on so many levels. It works better for your blogs and for remittance payments because you'd like to have the value you sent off arrive as the value it left or at the very least not less than and with blogs you wanna earn on them at a value not less than the quality of your " work". Again i don't price blogs into the market because i don't find any competitive pricing mechanisms but we get the idea. Consequently year one i also mentioned they should run ads but that's another story.
They had wallet addresses as user id's instead of long alphanumeric characters. No one else was doing this. Onboarding was easier. So year one not long after i got here i was saying that and speaking about it and posting about it. Nobody listened then they don't listen now.
Over the last 4 years this could have been well presented as a payment system and a good one better than libra coin or what paypal will end up doing with their cryptocurrency. Large networks of merchant and vendor services should have been established year one because it was the natural evolution. However the problem now is whereas sure that's a use that can be added. I see it as a greatly missed opportunity.
Right now not only do you have Paypal will fill this area.. whereas they could have had a 4 year jump. We have many other cryptos creating super easy wallets and user id's which can all be obtained by a 5th grader in less than a minute. Many of these applications who have now moved into this area well are new. They are all less than a year old. They've had to augment their systems chains like bitcoin cash and do alot of changes to make their systems this way.
So now it has heavy competition ranked at 165 with alot of other projects with alot more money to challenge them. It is now year 4 and we're still not listening some of us. I'm sure it''s more to Hive now but i certainly hope its enough. I hope that the story will be good enough because the success of the Hive platform will depend on it.
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