Couple of things coming to mind here... Elon's twitter price in the context of Facebook. Some years back when a lot more people were "squealing" about how much money FB was earning from their content! I calculated that each active FB user is "worth" something on the order of $17 to FB's bottom line... so making the argument that "I should be paid $1000's a year for all my social media content!" is really pretty "pie in the sky."

We might not like this in our particular environment, but 99.9% of all web content is essentially completely valueless. The periodically debated point that "only a small number of Hive users make significant rewards" is actually totally in keeping with reality rather than a fairy tale. Sure, we can argue "Web 3.0" till we're blue in the face, but it just doesn't compute that a million people posting a picture of a taco would be rewarded $5.00 each — or enough to buy the taco... unless, of course, the unit of measure rebalances to where it takes 500 taco pictures on social media to pay for a taco. So you still get $5.00 for your taco picture, but a taco now costs two grand.

So how are tacos relevant to what you're saying here?

"Things" ultimately have to have some kind of intrinsic/tangible value in order to hold their value. Hive is a pretty good deal because it actually does something... we've got blogging, we've got gaming, we've got social, we've got a YouTube derivative, we've got interest-based communities and so forth... there are reasons to be involved beyond a "shell game" of moving money around to create more money to create new kinds of money to move around in a circle. Not saying you can't profit from that, but it tends to be a zero-sum game in which there's a loser for every winner, but no overall value is built.

Right now, CUB needs to go 25x just to get back to $3.00 where a lot of people started. Sure, that happens all the time in the cryptosphere... but what's the compelling reason that will drive a bunch of investors into the sort of frothy frenzy that sends an asset on a 2,500% rise? Moreover, if CUB goes down to $0.06, then we suddenly need a 5,000% rise to get back...

=^..^=

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