Gee, I guess I found the reason why Hive spiked a bit today...
So if you look at the account history this @encrypt3dbr0k3r is an alt account of someone who used it to play Drugwars back in the day (Feb 2019). I vaguely remember this account while I was playing as well. Now that they've powered up 1M coins twice they have a max vote of $26. Pretty nuts. $260 a day in upvotes.
Even more crazy is that the account is only worth $350,000. It's so surreal to see an account with 2M coins worth so little. Hive is clearly still a good deal, and this guy knows it.
I've been tipped off in Discord as to the true identity (main account) of this alt account, but I won't disclose anything further because I'm not sure if it's supposed to be a secret or not.
All I can say is that a big account has decided to double down (and now triple down) on Hive. It's really nice to see that I'm not the only uber bullish person around here.
Personally, I think it would be nice if this was an outside investor. The more outside investors we get, the more decentralized we become. Oh well, beggars can't be choosers, and all of us are begging ceaselessly for Hive to raise the ranks on the market cap.
A year from now most users on Hive will lament that they didn't buy more coins at these silly low levels. The system is working just fine, it's not broken, it's just really volatile. Quick violent pumps followed by long drawn out dry-spells. This is how Hive operates. Deal with it.
When Bitcoin has $500 transaction fees because corporations are using it to transfer millions of dollars at a time and Ethereum isn't doing any better... we'll be sitting pretty, I guarantee you that.