Very interesting. I guess part of it comes down to how you quantify your time as well. You might not be dealing with energy and equipment costs like the BTC miners are, but you are still taking time out of your day to "earn" on Hive. At this point I don't know as though the time I spend on Hive/Leo each day is worth the rewards that I get. If it were all spare time maybe, but sometimes I occasionally creep into my time that should be spent on other tasks. Those cases would probably equate to Hive being undervalued. I think your idea of perspective in this case is really important and probably what I and other should be focusing on more.

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