Comments on Questions & Remarks - Hive BullboardHi Guys,
Even within our own community, we have so many questions because we have so few facts and everything is so purely speculative with the exception of some things we do know;
1. They have raised a lot of money in a very short period of time.
2. We have some idea of what they are spending our money on via Press Releases etc.
3. They have only reported a measly $172,000 of revenue in the last quarter based on 12 early days of mining.
4. Generally speaking, very few people understand the core value of this relatively new industry.
LS3 - 12 Feb is another absorption period and more downward pressure on our SP.
For those who are fortunate enough to pick up shares at these bargain prices - Excellent!
Fumes - I’ve researched and written and discussed this with colleagues enough times to say - Blockchain and the underlying crypto coins both offer value.
The development of the Blockchain platform will allow companies to execute business in a new way. The coins are simply rewards to help develop the platform. For successful platforms like Ethereum, the coins will appreciate in value over time. Remember, 2018 is when we switch from Proof of Work (When coins are earned and the market treats it as a currency) to Proof of Stake (Where holders of large blocks of Ether will become Validators of transactions when companies use the Ethereum platform)
This is when there will be almost no Ether left to mine and what little there is left will become more expensive to mine. This is why First Mover was so advantageous - get a boat load of money and buy GPU processing machines to mine the crud out of Ether while you can.
Ethereum is one of the most important platforms in he industry.
Management is not comprised of a bunch of dummies. They see quite a few moves ahead.
So, Hive will have a stockpile of Ether coins that will increase in value due to scarcity and global demand. Those coins are going to be worth a fortune some day. A heck of a lot more than the $1,100 per token today. Think about it - finite supply of coins - growing demand to use Ethereum based applications.
The question is, how many Ether coins will Hive have when the supply runs out?
What will their marketshare be of all available Ether coins? 2% or 5%? Only they will know and it would be great for them to share this info at some point. Simply speaking, they could be in a position to Validate 2%’of all Global Ethereum based transactions and earn fees!!
So, the coins have value, the Blockchain platform has value and its a freaking race to see who has how many when the Fork out and the need for crypto miners is no longer required because the new phase will be Validators for transactions.
BigB - you’re right there are a lot of moving parts to this baby. Hive announces Sweden phase 1 and barely a peep or there’s negative value news that sideswipes the value of the news. This is soooo new and people need to become educated - Aaaaand Absorption of all these shares has been a killer for those of us looking for encouraging SP boosts.
Patience will reward us!
Mackie - Nobody should argue with you on this point. Of course you have to promote / advertise especially for a new company in a new space. Not sure what their remarks were about, but I agree with Asterix that Don has a fiduciary responsibility to ensure that he doesn’t scare the crud out of investors in his fund. So, he says the safe conservative thing. Figuratively speaking he’s the banker with the bow tie while we are the gunslinging mavericks staking our claim looking for gold.
I find myself self quite surprised about this, but I agree with RLJP about knowledge and education. Pot is mainstream news and many know what it is and if the Govt thinks it’s ok then maybe it has its place. Lithium is now mainstream, the Toyota Prius and Tesla with rechargeable batteries they are all mainstream and the public has heard about it, understands it and it’s all validated by the media who do a good job educating consumers.
This is is what we’re missing with Blockchain, Nobody knows what the heck it is! And these coins and Bitcoins and markets and crazy value fluctuations - it’s Scarey!
When mainstream media starts to explain how the new Blockchain products will add value to everyone’s daily life they will start to get it. So we need the products and Ethereum based applications will lead the way! Until then, it just us Crazy Mavericks willing to stake our early claim and it will be a bit if a haul but we will be rewarded handsomely!!
Until Q3, hang tight and stick together. Shorter need to make a living but it will be harder for them to do so with Hive in the future. There will be greener pastures for them elsewhere.
Hope this was worth something to someone.
Stay Strong Guys!!