Hive is a Ponzi like scheme that will not survive in the long run

in #hive5 years ago

I learnt that a sustainable businesses model in Hive requires a complete change in everything we are used to, which will not make it Hive anymore. It doesn't look like the devs or Hive community in general understand this or have a plan to change

Therefore I give up on Hive just like I gave up on Steem, continuing on the same failed business model of Steem means a destined failure, whether it's now or after some time

Here's some of things I have been saying in Hive Discord

Hive/Steem is a Pyramid-like scheme. Users gather their money in a pot then reward each other from that pot.
Now if everyone gets paid proportionally then no one benefits as they will only get their own share back. Luckily the more money you hold, the more you can control the pot. So some people gain, some lose, in the end it’s a zero sum game .. you just need to bring more users/losers to make it go on

Here's what I was hoping for from Hive: https://hive.blog/hiveimpact/@lifeaef/what-does-hive-mean-to-me-don-t-wait-for-changes

But unfortunately, according theil's law: A startup messed up at its foundation cannot be fixed.

Sort:  

I have to agree with you I thought hive would be different than steemit but it seems a lot worse