RE: Is hive dying , not the price but HIVE

I agree that price cycles have always influenced participation on Hive. That pattern is hard to dispute. When price rises, activity follows. When it falls, the crowd thins out.

Where I think the concern still stands is what replaces that activity when the price pressure is gone.

Transformation only works if something new is actually emerging. Right now, participation may be purer, but it is also narrower. Fewer users, fewer experiments, fewer outsiders discovering the chain. That is not inherently bad, but it does change what “success” looks like.

If the silver lining is losing cash grab behavior, the tradeoff is losing visibility, momentum, and risk taking builders. A system can be quieter and healthier, but it still needs pathways for growth that are not tied solely to price or rewards.

So maybe Hive is transforming. The open question is whether it is transforming into a smaller, tighter core or into something that can eventually expand again without repeating the same incentive traps.

That distinction matters.