Ok, but what is with the SMT developing? There are close to finishing? I would say it shouldn't be wasted resources and get used.

Coin Balances on Chain is not bad, also for exchanges to list them. With Smart contracts, I think you are right. There more flexible on layer 2.

What I don't like is with a layer 2 Token (governance) for Hive, we make the Hive token again more useless.

Long Term I think hive can be successful but there is no reason to hold large amounts.

• High Inflation ( what is more worse Transaction fees and higher price or infinite Tokens and low price)
• no real Resource Credits use cases (like RC delegations....)
• curation sucks because of the curve
• ....

If there will be a use case to hold more than 1000 Hive and it makes sense. At the moment there is no use case to hold more than 1k ( except account tokens).

Delegations and other onchain applications on the hive will also scale in value if it makes sense to get a delegation.

If I'm wrong @aggroed, tell me.