Dream of the Bottom Price .:. WorkerBee PH-Pool Week 267

I had some "intensive" discussions on various HIVE topics this weekend, which made me think about different perspectives on our current HIVE price... I know, I know... You are not here for the price, but for the tech... 😃 And HIVE price doesn't matter, blah, blah, blah... The fact is that HIVE price matters, and the proof is in the charts and on the blockchain... When the price goes up, the interest is bigger, people join the chain, use it, etc. Without new users, more use cases, and more interesting apps, the chain will slowly die... But, but, there will always be someone who will run the chain... that's true, but for whom? For the sake of "staying alive"? This chain is made for people and is to be used!

Created on Canva.com, using my photo as a background

Before accusing me of FUD, these are just my thoughts, and I'm still very bullish on HIVE, as a matter of fact, I'm probably more optimistic than ever! Also, I'm not just "running my mouth", I'm still growing my account, supporting the chain in different ways, and of course, supporting people who are still here! Anyways, that's not the topic for today...

So, what should happen to see the HIVE price go up? The answer is easy... More people should BUY and STAKE HIVE, than SELL... Easy peasy... But, the real question is this...

WHY would someone BUY HIVE?

Being in crypto for almost a decade, made me realize that most people are/were buying crypto for speculative reasons... Buy low, sell high... Unfortunately, that was/is the main crypto use case! Times are changing, and people/investors are getting picky... Price speculation on scarcity and the "shiny object" isn't enough anymore... More tokens and blockchains are born, and the competition is getting bigger... Which is great! That's how we grow!

Being an old chain and coin shows the resilience and "stamina" of it, but improvements are needed... We did have a lot of improvement on the basic, blockchain level, but we do lack some other things... Something that has been stalking us for years... The onboarding process, retention, and lack of good, diversified apps on the chain!

The trap in which I have fallen multiple times "valuating" my crypto "investments" was the assumption: "The price CAN'T GO lower!" Oh, man... How many times have I been dissuaded... 😃 But, is it possible to KNOW the bottom price? How can we work on HAVING the bottom price? Many times I heard people comparing CRYPTO with STOCKS, which can be comparable to a certain point, but they are very much different assets...

When you BUY a stock of some company, you are not just buying the "current value" of it (not in crypto), but you also speculate about the future of it (similar to crypto)... The company itself has value, workers, real estate, machines, but on the other side, possible debts, expenses, etc. Partly, because of the "physical aspect", the price of stock is usually less volatile, and the risk of going to zero is much lower... While in crypto, the risk is much higher, and it could (and it did) happen more often...

So, how could we take the "positive sides" from stocks, and add them on top of our favorite crypto projects or blockchains... USE CASE, USE CASE, USE CASE!

On HIVE, having "zero transaction fees" is our blessing and the curse... Blessing for obvious reasons, and a curse because our tokens supply can only go up... Which isn't that bad if we are getting new users who are using the chain, but what happens when we are stagnating, like now? These days, because of the lower price, our token supply is growing much faster than usual because of the HBD conversions... We do have mechanisms to prevent the "death spiral", but the damage is still made... What can we do about it? How can we "re-balance" the system?

USE CASE, USE CASE, USE CASE!

It's always the same answer... Now imagine one thing... The game Hive Battleship by @coldbeetrootsoup guys (@minigunner) becomes ultra-popular, and everyone is playing it... The game is a P2P game, which rewards the winner with a 1.9x reward, BURNING HIVE by default in the moment of the reward distribution... It REMOVES HIVE from the token supply, it makes the token more scarce... Scarcity itself doesn't guarantee a better price, but... When you reach certain levels and have a big use case of the token, it could be the thing that CREATES the BOTTOM PRICE!

While I would like to see that game be ultra-popular, that will probably not happen (who knows, maybe it will? 🙂)... But, it's not impossible to see dozens of games, or hundreds, or De-Fi apps, or any other useful apps built on HIVE, that would use a similar token use-burn logic, especially with AI being a huge help in app creations!

Would we be in this position if we had dozens of games like Splinterlands, a few DeFi apps, a perp exchange, built on top of HIVE? Imagine perp dex like Hyperliquid on HIVE, burning 0.1% of trading fees of HIVE?

I know that token burning was a controversial topic for a long time, but it could be our ticket to better token appreciation... I agree that we could get there with more users, but why wouldn't we have BOTH options? It's always good to have a "backup plan" in action, just in case... What do you think about token burns and additional HIVE use cases?

Let's see the WorkerBee Pool numbers for this week...

This week, we have mined 94 BEE tokens in total, 19 tokens fewer than the week before! Fears from a very good result last week became reality... As it's based on the "lottery system", that is normal... I bet next week we will do much better...

This week, we didn't get new delegators, but we got additional delegations from old members! Thanks for your continuous support, guys and girls! I really appreciate it!

This pool doesn't charge fees, and you can earn up to 20% more by delegating to it!

What about the bonus tokens?

Last week I was distributing LEN tokens as a reward, and this week, it's time for the "third" token from the @liotes family, the CTPSB token! This token was acquired by Liotes, and it has a very simple setup... Most of the value comes from the HIVE curation rewards, and goes back into the token... That's the main reason why it constantly goes up in value, and will continue to do that... Of course, all that is indexed in HIVE, and not in USD... For the USD value, it all depends on HIVE! Projects like CTPSB are constantly accumulating HIVE and staking, which is another way to keep HIVE out of the liquid market... Having a similar project could also help with lower sell pressure on HIVE...

There will be distributed 2.9 CTPSB tokens to the delegators of the pool as a bonus reward today!

2.9 CTPSB tokens will be distributed as a bonus... The APR (without the bonus) was 10.378%, and when we added the bonus, it went up to 12.490%!

I have calculated the ROI approximately with medium prices for all tokens when creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the middle HiveEngine price...

Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post, and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter, and we will find the best solution for both parties...

If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (@ph1102)! Every week, you will get your portion of mined BEE tokens and BONUS rewards!

.:. DO NOT STAKE TOKENS TO MY ACCOUNT!!! Just DELEGATE! .:.

All payments will be made after publishing this post...

If you have any questions, please leave them in the comment section!

You can find more about this pool in the initial post here https://ecency.com/hive-119826/@ph1102/workerbee-p-h-ool-let-s-help-each-other.

Thank you for your time.

--ph--

None of this is financial advice!!!

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