Power is on sale, buy moar hive,...
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That is my thesis and why I keep buying. But looking at the power distribution, it would take long years. The high inflation indeed benefits a friendly takeover where the whales just keep selling the inflation until they dilute themselves, but over the past couple years somehow they have kept their power. It baffles and it makes no sense how the same whales can still singlehandedly, or at most with the help of a couple of friends, finance proposals and elect witnesses. Years of 10%+ inflation, theoretically in 5 years they would have diluted themselves, but no.
What you say is my thesis and why I buy, but it feels religious rather than rational.
Because the mining rewards of the top 20 in the past were quite a lot. Plus the passive income from curation&delegation rewards made the top 10 wealthier and wealthier. At least in terms of Hive numbers. In $-value probably not anymore.
It's definitely not rational.
Rational left a long time ago.
People told me in 2017 that things were gonna play out like this, but I didn't want to believe them.
But, I guess when you got it like that, you can play the game anyway you please.
I figured they wouldn't, but here we are.
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