RE: What are your fears surrounding Hive and its tech?
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In fact, my only fear on hive is Whales. Any person who can influence the economy of an entire ecosystem by selling their share is a danger in my eyes. Especially when the Bitcoin is down, it is almost like a prediction of faith but as soon as bitcoin goes under 18k Hive trading goes up and the hive price plummets, something that ONE year ago dint happen, so what is wrong? That people are trying to get rich and that might one day kill hive as a whole.
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I don't really understand, you're scared a whale would sell his stake when price is low? I'd say that'd be great for potential distribution to more unique holders on exchanges and later possibly on chain. Sounds more like you're scared how it would affect the price for some time in an effort of making the most out of your own selling? (Not to sound personal/judgy here, but what much does the price matter short term to be scared of it?)
You can imagine that there's quite big holders of Bitcoin and Ethereum too, they also could randomly decide or get hacked and sell 100k-500k ethereum in one go if they wanted, is that something bitcoin/eth holders are afraid of you think? Keep in mind that for each sale there's a buyer, what may seem as a fear to some may be a blessing to others to get in cheap with a big bag into a new currency.
My fear to be precise as I see that I failed to communicate it to you is that they can change the global price at will, something that could have a "luna drop" danger to it, do remind that a single big sell changed Luna coin price from 100$ for coin to 40$, making that a loophole to be abused and someone else, as how luna labs named it "a conspirer" decided to hit them hard by selling their share and breaking the luna economy for good... If a big enough whale decides to destroy a coin, it can, and that is an example of it, yeah luna system had a ton of weakness than others don't, that hive do not have. Yet the fact remains that if someone wanted to hurt hive as a whole it can, in fact I have always believed that Justin Sun would one day come back and try to do so just because we turned our back to his kinghood.
Yeah I dint buy luna/terra labs explanation, I still don't, but I mean that I fear the big whales, because if they wanted, they could destroy most of the content creation on hive in a single hit if they are willing to do so.
Sorry for my crappy English, I'm doing my best to improve it.
That's quite a different story and difficult to compare to Hive. I believe some big players noticed how Luna worked and what capital was required not just to make it implode but to also short it before the implosion to make the most out of it crashing, along with the rest of the market heading towards a downturn, institutions being over-leveraged, etc, etc. Hive or more importantly HBD is capped, that cap was increased recently based on how it's priced to Hive's marketcap but even so if the price drops low enough it stops printing. Luna didn't have this feature and kept printing constantly which caused the supply to increase by thousand if not tens of thousand fold resulting in the massive price crash.
On top of it all Hive doesn't have any future's contracts, as far as I know Binance has a 3x margin option for it which isn't a big deal for anyone trying to manipulate price down with a lot of capital. For what it's worth Hive also is "connected" in a way to the rest of the markets, so if Hive is showing to be an outlier to the rest of the market, and others realize that there's really nothing wrong/no change to its security or how things are running, they're going to be buying it as it looks like a good deal that will eventually correct back making it harder and harder for anyone attempting to manipulate price down, not even considering people here who may have money laying around wanting to get back in at a certain price. I just think your theory is a bit impossible/improbable and anyone trying to either sell hive this low and on top of it manipulate it downwards more in an effort to "destroy it's reputation" or morale, it's going to cost them a lot while at the same time risking a lot (short squeezes).
If big selloff's happen at the top or when markets are looking more bullish, the volume's there are a lot higher too, people have more profits to trade with and trade they will, there's been no lack of trading volume for Hive and similar altcoins on exchanges over the years and they've only kept growing, you can see this in hive's marketcap by comparing the daily trading volume's at the top or leading up to it compared to today. It's all quite speculative and a bit unreasonable fear in my opinion. JS barely even seems to be aware of Steem let alone holding a grudge and more importantly holding Hive still to attempt to sell it off to get back at it.
I guess it is more of an unfounded fear that I have based on the trauma of living in Venezuela and seeing whole "working economies" die off for "socialism" So i might be just paranoid and untrusting in all economies just because of that, still I loved the answers and how you addressed those fears, I think they are now unfounded and non-possible at all, thanks for clearing my head on those things :)
Btw I do guess that it's a blessing to others, getting a good deal when accumulating hive is one of the reasons we have an internal market at all, even if I like to save in hbd because I'm fearful of fluctuations, anyway I love how you explained every little detail btw, just to note that I loved the effort to explain it in simple words.
There's quite a lot of things that impact markets, it's a bit hard to put all of them into words or even remember them all. As you say, though, the efforts to make HBD stable that happen daily should be something that positively affects Hive and also allows users on chain to counter if someone were to attempt to generate such an attack you mentioned. The volume's on chain aren't as big as on exchanges but with more HBD, more usecases to holding HBD and a more stable price which will eventually result in a bigger HBD supply it should get easier for us on chain to act and mitigate such attacks even if no one here uses exchanges actively which is definitely not the case and will remain that way for years to come (unfortunately as I'm not a fan of exchanges or holding coins there).
I did not expect this answer at all, using HBD stabilizer to actually defend the coin was something I never figured out but now that you mention it, it makes perfect sense, at least so someone cant exploit the same problem with the exchanges and luna/terra. Now the effort to make it stable daily is something that most Hive users do not really understand, I have read plenty of materials already yet I still wonder about it from time to time, how the control of printing in each side can actually control the general price yet I was just expressing my fear about whales tempering with the price of Hive, now that you addressed it and showed me arguments I'm more confident in Hive than before, Btw, If You were to save hive, would you keep it as HP or would you pass it to hbd and get it to savings? I find both choices to be equally valid.