Musings about Hive having infinity supply and more…
Recently, I have seen my Hive stash value went up and down, and up again as of yesterday.
Most of the time I would just watch, because much of it is locked in HP and not liquid.
But I should be more discerning to make more financial sense of my investments in Hive. If I need to, I should sell it to take the profits.
I think I gotten my initial stash of Hive close to a dollar in the last bull market. I had kept the cost down by buying more. But I lost track about my average cost, to be honest.
Which brings me to the next point about what I love about Hive. That I can dish out some Python codes to interact with the onchain data quite easily and without the complication of the exorbitant fees. This is where I see Hive being a great solution for the world as a level 1 blockchain. I was attracted to it because there wasn’t any VC involved in its creation, I assume.
Anyway, Hive remains a good blockchain to use.
But does it make financial sense to hodl Hive? In hope that it will 10x, and stay there?
Based on the FACT that Hive has infinite supply, there is no rarity in this token. Period.
Unless someone like Elon Musk notices Hive, and raise its profile, I don’t see that happening. In short, we need mass adoption.
Interestingly the only guys working hard to make Hive achieve mass adoption are the guys in INLEO.
So if anything, holding LEO might be the better option if we are looking at its price going 10x and staying. I assume LEO has a fixed supply.
Of course, holding LEO has it very high risk. My biggest fear is that I know little about the operation of INLEO as an outfit. If Khal suddenly disappears, there could be no more continuity.
Anyway, enough of ranting. As usual, nothing here constitutes financial advice.
Posted Using InLeo Alpha
You make valid points, made me consider the risks of investing.
HIVE is indeed the common man's chain. Unfortunately, we have somehow have a bad upbrining in the Blockchain space to value a token as bad or good based on how much pump it could produce(like 10x, 20x,.........so on). We should appreciate the fact that unlike otherchain regardless of bull/bear move, it has consistently promised a 7 day pay to all the users, for a certain section it is a living. Thta is also the reason why there are more leakages in terms of sell pressure. However, it is still th e best Blockchain in that sense.
yes! There is leakage!!! Join the leakage. :)
Hive may not have a capped supply, but its inflation is programmed and entirely predictable, unlike fiat currencies. LEO, on the other hand, will stop inflating at 50 million tokens, which will take about 32 years.
Having a tail inflation of ~1% may actually be a good thing for Hive, as there will always been an incentive for newcomers to join and compete for the rewards.
thanks for clarifying!
The infinite supply is a cause for concern. Curiously eth also had this vulnerability.