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I think that it's cool if any number of Hivers come together. Smaller events will be cheaper to organise and people may be able to get to something near them. I have organised some small meetups that cost nothing and a few people came along. I may do another some time.
!BEER
I suppose it's like those old "MTV unplugged" sessions that we had in the past... Smaller audience, more "private" atmosphere, but the content, interaction, and value are much bigger! I like smaller meetups; they get more personal and more effective!