Hive - and How to make a Viking Omelet.... Part 1

This is a free market.

People use their platform (or stall) to sell their goods….

….or advertise their services.

Other people come to these markets, to peruse the offered goods and/or services, and decide whether to purchase (or not). Money is exchanged.

The beauty of the free market, is that it doesn’t care.

If customer 'A' absolutely detests supplier '1', but what supplier '1' has , fits exactly what customer 'A's' requirements are (better than any other supplier), then free exchange still continues.
Function trumps feelings.

Now, alternatively, if customer 'A' now finds a new supplier ('2') to satisfy his needs, and also really likes supplier '2' for other reasons, then he may (or may not) choose to exchange money for the goods/service with new supplier '2' instead. That’s a personal preference. Function still trumps feeling, but feelings do influence the decision. Feelings are still secondary in the transaction. (unless you're totally stupid).

If customer 'A' has no skin in the game (in terms of the goods or services that he procures), then the buying preferences can change. Dynamics change. In the new scenario, customer 'A' may now buy a totally inferior product - simply because supplier '2' is his relative, or a friend.

In this scenario, the buyers personal preferences takes precedence over practical concerns. (this is a low IQ - but very human - behavior). The free market system goes a long way to discount this illogical , irrational, pattern of human behavior.

'Sound money' -real money (for want of a better term) applies real world pressures to offset any personal, irrational, preferences.

No sound money = no free market.

Hive (and leo)...

Inflation (the reward pool) is not sound money.

Distribution of token, through inflation, through upvoting – does not have the same forces at work of when sound money is being used. How so? Nepotism and buying inferior products has no COST incurred to the buyer (the upvoter). There is no cost to the 'buyer' in the transaction.

An upvote given to a blank page with a letter 'z' written on it, costs EXACTLY the same (as an upvote) to the new and ground breaking edition of 'how to fix the hive loser mentality', by @lucylin.

Purchasing a product or service without a cost to the buyer, is an economic train wreck - as 'the price discovery mechanism' does not come into play.

There are no free markets without price discovery mechanisms.

PDM's can only be applied when using sound money. By NOT using sound money principles, nepotism is rewarded (thus, the money is kept within smaller groups, rewarding each other continuously, and is totally irrelevant of quality of product (circle jerking being one example).

Hive ecosystem exhibits the same dynamics of an insular, nepotistic oligarchy, and not a merit based (quality of product) free market. The lack of success - in terms of growth and user base (in Hive and Steem) lies firmly at the feet of this destructive, insular, low IQ, fear driven, behavior..

Only free market dynamics offer - in the long term - productive opportunities for all.

Free market dynamics offers nothing to those with a loser mentality, a scared mindset...or, to THE CURRENT OLIGARCHY...

People who have good products or services to offer in the marketplace, and who are not rewarded , due to the nepotistic activities- will leave the market.
They do not just disappear - they simply find markets that DO service their needs.

If Hive is to truly expand and be profitable, it must abide by free market rules - and not by circle jerking, nepotistic practices.

There are ways to do this...

Oligarcgical structures, by their very nature, will always resist any change to the status quo
Why? Because it will cost them, those who are already profit (eering) from the current, morally corrupt system that's in place.

Coming up - Crab mentality (loser) mindsets, and HIVE.

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