You're absolutely right. This does take into consideration that Hive remains stagnate. So whereas it is true inflation doesn't necessarily mean prices don't go up and that the economy grows, even if it hits around 20% annual inflation rate which is probably the case with Hive.

What is the case is increased inflation without the balance of growth is a catatrosphic issue. My concern is if we again continue on from Steem. Many mainstream like applications were built on Steem and unfortunately the result was not very favorable. Similar products from Twitter to Instagram like were created and many other things.

So my thoughts are Hive would have to create a very powerful application which attracts alot of people and value. In addition to that i think at this point in time Dpos systems still have to work out the remnants of public relations nightmares. Let's say that is overcome. You then have the issue with the blog value and some form of competition on similar like products and the technical barriers as well as talent levels to use the product. So it's not the same as traditional social media which can grow alot more vast. It's a certain skillset necessary. So not quite the same as spending 5 minutes on a morning post.

I'd also make the point that you could have increased liquidity yet stagnate prices which i think kinda makes more sense. I think a stable coin like product makes more sense and payment system. This probably won't be attractive to investors however. We've seen that in a sense happen with bitcoin. Where bitcoin liquidity greatly increases but the price doesn't rise very much. Hive has also shown a great deal of value lost over this year and is ranked well outside the top 100. That doesn't mean i don't believe HIve can't have temporarily climbs in price. I'm not certain the price would hold. So there certainly seems to be a pattern of decline in that respect if we average it out back to it's start. I think there is some great technical achievement about dpos systems however i think it's possible to be bearish on price even if it's a good product. Crypto seems to follow a weird pattern where good products aren't always enough.

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