Hey all, I want to comment a bit about the recent post by @taskmaster4450 :
@taskmaster4450/what-will-hive-look-like-with-100k-users
This first started as a small reply (I like the discussions in the comments sometimes more than the original post!) but then I started writing and writing and I thought to post it alone. However, if you haven't read it, I suggest you do it now, it is a great thought-provoking piece, as the majority of the posts by Taskmaster.
I just wanted to write a bit more about the Seeking Alpha example and comparison.
Based in Israel, this company had a $7 million B-series round a couple years ago. Usually this kind of investments look for a x100 return as a baseline scenario, and the 7 million went for an undisclosed % of the company (the round was not widely published, just some side info in crunchbase) . If we just throw a number, we can assume this could have went for a 15% of the company, being extremely generous.
This means the investors (DAG Ventures, a fund that also invested in the likes as Glassdoor, Zynga, Yelp or WeWork, all billions -worth companies) expect that SA at some point will go public and will be valued at somewhere in between 4 and 10 Billion USD. Lets say 4 Billion for my little imagination game.
SA is doing about 1 million DAU, while Hive is in about 10,000 DAU. So 4 Billion USD for 1M daily users, while Hive is at 10 times less the valuation with 100 times less users.
This sound like bad news? I don't think so.
First of all, Seeking Alpha is just a financial news company. It handles reports, news, user accounts, portfolio management, etc. It is what it is, no more, no less.
Meanwhile Hive has that covered (in a more scrappy manner, of course) with Leo Finance. And this is just one of more than 10 different successful and alive tribes in the Hive Ecosystem!
Second, the scope of the value for SA is the information and the user engagement. That's it. But Hive is much more, it powers games, defi DAOs, soon media channels like @spk , cross-chain capabilities, and all from a decentralized spirit that makes it more anti-fragile that some company that can be cancelled by governments, media empires or whatnot.
Third, we need to realize that the "blockchain hype" is to blame for a too high valuation at this point. But there is a difference. The guys that value SA at $4B are basically a half dozen of investment funds.
The 400 million USD of Hive come from the valuation, commitment, love and interest of hundreds of thousands of average people around the world. Don't make me choose between one or the other, I know very well were my bets are. ;-)
So, Bottom Line:
I know it sounds like a broken record at this point, but We Are So Early (tm). The transition to 100K DAU could be very well this year, or in 18 months. By then , Hive will not be on the #180 spot in Coingecko, let me tell you. This is not a "To da moon" post. Is just a reflection on how 3-4 years ago hive was just another blockchain project while in 2022 we are already playing and looking at the Big Leagues as an equal. The direction of the society, the winds, are in our favor.