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I do use a lot of the layer 2 front ends to gain the tokens. It's been fun watching the Hive economy grow, and I believe the second layer developments have a bright future. But my experience with Steem has always left a little worry in the back of my head that once the bulk of the tokens end up in fewer and fewer hands, the whole thing will come down. Actually, now that I've said that, perhaps the layer 2 tokens will be the saving feature of this whole thing.
You make a compelling argument about burning tokens. I hope the Leo devs do start buying back and burning Leo.
The HIVE token will always have value as long as HP gives you the ability to operate on a truly censorship-resistant network.
The key is just spreading it out as far and wide to avoid the governance attack you saw happen on STEEM.
Something HIVE has and continues to do very well! :)
But as they use the Hive network, layer-2 tokens need a different use case to be able to generate value and demand.
Like monetising content on their front-ends for burns.
Or something completely different I haven't thought of ;)
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