I want to start this series not as attack on Hive, but as someone who has been around from the start and also been outside Hive for a while, I wanted to give my view on Hive and why Hive is probably a failed experiment. I am writing this series because I emphatize with the people who I have seen spend so much time on this platform and have not been rewarded as if they would just have held other coins. I am going to give my take on Hive in small blogs. At first I was thinking of writing a long post about this, but I notice there is so much to talk about, and also I don't want to waste too much time on this platform as I have put in. Also my small blogs wont be a cohorent story but rather pieces of a puzzle, that hopefully will be insightful.
Dan was not a social person nor somebody who understands token economics and human behaviour economics (even though he claims to do so). Bitcoin with only 21 million supply, is a dream for any non-inflationary currency. To fund everything Dan believes that wealth should be spread out, so he included a high inflation for all his blockchains. Although this view is noble at best, it is not sustainable and does not reward hard working people such as @starkerz @howo @fredrikaa @tarazkp and @acidyo. Though the supply of hive will eventually come down a lot, the damage has already been done by inflating the supply, and also syphoning it from big investors.