Although part of me remains excited about the potential of the whole blockchain technology and crypto industry — on a very broad level — I'm finding it increasingly challenging to fine much to feel cheerful about, on a day-to-day basis.

Seems like every moment we turn around, there's some new piece of negative economic/crypto news.

Once upon a time it felt more like the Cryptosphere more or less did it's own thing, but it seems increasingly like one of the side effects of people wanting crypto to "reach the mainstream" is that crypto now is increasingly subject to the whims and fluctuations of the economic mainstream.

The days where we see the stock market and the crypto market moving in opposite directions seem fewer and fewer.

So, What's Up With Hive?

Many of us in this community cling to the idea that Hive is "undervalued," and "underappreciated" by the rest of the world. And we believe that "at some point" the world will understand the value of what is being created here...

But yet?

It often feels like the reality of life is that Hive underperforms quite a lot.

I realize it's often considered a "no-no" to compare the value of crypto to fiat — even though it's the most convenient and visible yardstick we have — so I'll refrain from doing that. But our Hive token isn't holding up so well, as compared to other cryptos.

Not Giving Up, Mind You...

Whereas this all might sound a bit negative, it doesn't mean I am ready to throw in the towel, or give up on Hive.

It just means that I am trying to stay somewhat objective about what I am involved with, here.

As I wrote some months back, I have given up on the idea that (or, at least, any ATTACHMENT to the idea) that anything we do here is going to be "worth" anything.

I enjoy writing a few blog posts here, and it's fun to see the various Hive and Hive-Engine tokens stack up numerically, even the overall value seems to be declining about as fast as the number of tokens add up... so you pretty much stay at zero.

Recession in the Making?

The news seems to think that the US economy is slowly heading into a recession... as the Fed keeps trying to control inflation by raising interest rates.

I don't have a crystal ball, so it's hard to guess what lies ahead for us all. What I do know is that the price of cat food has risen by a lot more than the "official" 7-8% inflation figure... more like 30%!

And with fuel costs as high as they are... it may be too expensive for many people to stay warm this winter. OK, if you're a cat, since I have a nice built-in fur coat, but you Hoomans are going to need a lot of sweaters, methinks!

Regardless... if the Cryptosphere is increasingly mainstream, does that also mean that we can expect to deal with a prolonged crypto recession? I sure hope not...

=^..^=

Posted using Proof of Brain