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The biggest primary flaw of hive is that it doesn't bring revenue in to support the token like every other traditional web2 platform does. Ad revenue is critical for any type of real payout from a "social" platform like hive. That's really what all of this comes down to. Is the core business fundamental of revenue generation.
There are only two ways for a social platform on a blockchain to grow in value. One is to generate a real income that is used to push the token and the second is to grow the user base so much that it generates new demand from the growing user base. If neither is achieved, it's almost impossible to increase the value of the token. Hive at the moment isn't that strong in both directions unfortunately.