Interesting analysis.
If 100,000 buy 100 $HIVE and power it up, that is 10 million. That is each person putting in $50.
Here is how things move from centralized to decentralized. You are right, there is plenty of $HIVE out there. The question comes back to numbers.
If Hive has 1M users, would 10% spend $50? Hard to answer but we know it would change the potential on the governance voting a great deal.
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Out of those 100k users, how many of them do you think are actually going to pay attention to and participate in governance?
!BEER
I think less than 5%
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BEERKING.I love these type of mathematical hypotheticals, helps to clarify/ humanise things!