RE: The Hive early adopter fallacy
(Edited)
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It seems to me that one's influence on HIVE is driven primarily by the amount of HP one has in their account. If a new account bought 100,000 in HP, that new account would be a smash hit on HIVE. Long term accounts that sell off their HP lose most of their influence.
Yes, it is more difficult to build an account without buying HP. This complaint comes from people who want an opportunity where they invest nothing and receive great reward. That is they want a free lottery. I guess there was a brief moment when crypto was a free lottery ticket ... but that time has past.
Because influence is driven by the HP in an account, HIVE does not have the early adopter bias of other platforms.
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Nope, I know several that struggle for traction who have done precisely this in those amounts and more.
Yep. Most projects will die off fast (next few years) but there will be more to come. I am counting on Hive making it through the cut.
That is not good.
I bought enough HP so that the value of my upvote is over $0.02. This small purchase completely changed the way people interact with my account.
A $0.02+ vote is a magic number as the system sends out notifications. It also means I can upvote replies with confidence that the commenter will receive the upvote. People buying at the dolphin and orca level probably receive a political backlash.
I don't think it is necessarily a political backlash, but I think that often people who buy forget that from a community perspective, engagement is still king.