Hive needs to fund some marketmakers

in #hive3 months ago

In the last few days there have been a series of posts from senior Hivers expressing outrage, Outrage! at the fact that some of the people they've voted for have had the temerity to sell their coins.

We've been treated to a series of pious screeds from people assuring us that they have never ever sold their coins, and they Never Ever Would! And in their opinion, the people they vote for never ever should either. And if these wicked "milkers" dare to use their coins as they see fit, why they should be punished. No more upvotes for them. Maybe even a downvote to school them properly. Thwack!

There is a simple solution to this.

Just disable the transfer button on the wallets and delist Hive from the exchanges.

Those dreadful milkers will take themselves off to Steem or Blurt, and everyone else can read, write and upvote in peace. Of course Hive will have no value - but if you were never going to sell, never ever, then it doesn't matter if Hive is a theoretical coin with no value.

Of course if you want Hive to be an actual currency, you must allow allow selling and buying. Bitcoin had no value till a seller sold 10,000 coins for two pizzas. The naughty man milked it for pizza! But bitcoin became a currency in that instant.

The so-called milkers are providing a valuable service - price discovery.

Of course the complainers like the idea that Hive is a currency. Their beef is that they believe the sellers are driving the price down.

But sellers don't operate in a vacuum. In order to sell, someone has to buy. Instead of framing it as "xyz sold", you could frame it as "abc bought".

The real problem is that unlike other coins, Hive doesn't have marketmakers on Binance or the Korean exchanges.

But that's easily solved too. Instead of funding vague proposals to produce non-existent development, they could fund some Marketmakers to put up humongous buy walls on the exchanges to provide liquidity.