If hive goes x100 creating an account would cost $120 and it would require well over $600 for someone to have the RC to interact on the blockchain. Goodbye mass onboarding?
Hive going up is fine but let's not get greedy let's get everyone a chance for our true value to the world "true ownership" of content. There are other coins out there that can flip the wealth distribution on its head.
Isn’t account creation fee a parameter that witnesses can change to lower as price goes up?
it is indeed flexible based on a witness paramater so yes that could go down and RC transaction cost is also controllable so with that maybe people wouldn't have to delegate 10-15HP if the price went that high ... so yes these numbers aren't exact. However the point still remains that what our main product is for the world is content with true ownership... that's more valuable position to be in.
Reward pools will come and go and speculators will make prices rise and fall however blockchain focused on user owned content will stick around.
And let's not forget how the lamens think they can't afford Bitcoin as they do not know it fractions. We are truly special people who have been in this for a while but as far as massive onboarding, hive is better under 25$ so people think they can "afford" it. Our insulary mentality has hurt retention in the past but really, when you look at marketing: food, sex, being popular, getting a dog, those are the things people respond to.
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