The question is how much of the Hive price comes from people buying Hive in order to have influence tokens over PeakD and Ecency, or for actually economic use? There are many low fee coins with much better adoption and a much higher market cap. Marketcap is highly correlated with a tighter difference between the sell and buy price on exchanges. We see acceptance for Bitcoin, Litecoin, Bitcoin Cash, Dash and Monero across the Internet. If they accept only a few cryptocurrencies, they will accept one of these five.

If I want to pay for something in Hive:

• copy paste the id
• copy paste the amount
• copy paste the memo

If I want to pay for something with Bitcoin or Bitcoin cash,

• copy and paste the payment URL.

Now with the fees being so low with five of these, they compete with free, I don't think Economic activity using Hive supports its price.

So, then there is influence on several platforms where everyone uses cryptocurrency. I remember what happened on Twitter and Facebook with censorship and yet brand new platforms (Gab and Parler) sprung up rather than people coming over to Hive.

The rewards attracted me at first but in the end it was a bane.

• posts for profit not sharing
• anonymous accounts (like mine :))
• flag wars
• No forgiveness: You break the rules, you get on a flag risk and your account is useless.

Hive was never seen as an altcoin for me. It is more of an appcoin. You can use it for influence on Ecency and PeakD simultaneously. As mainline platforms are acting more open, there is less need for platforms with less network effect