Well written and I agree. Hive is in a dangerous position and I think people are starting to realise the extent of the problems. The glory days of just raping and pillaging the DHF when Hive was higher market cap and value are gone. Our active user numbers continue to plummet, the incentive to stay here and invest is also dwindling. Imagine being new to Hive, you see the current mismanagement, the flagrant spending, the nonchalance towards HBD/HIVE dilution, what kind of message does it send?

Hive is currently being run like it's a piggy bank and there are lots of little piggies currently taking from it.

One of the problems I see is a lot of Hive projects are operating like we're in the top 25 market cap and have hundreds of thousands of users. I don't think why everyone is pursuing expensive ambitious efforts like cross-swaps and EVMs. Technically impressive? Sure. But are these things needed for most Hive users? No. Keychain is asking for far too much to work on vanity features when the reality is people just want a browser extension to use Hive, most of the other features they're pursuing are not used by the majority of the users.

My hunch is that a lot of Hive projects are creating problems/work so they can continue asking for DHF funding, not because those things are needed. Some people are very comfortable being funded by the DHF and treat it like it's an employer paying them a salary.

There is a lot of wasted effort and resources in the Hive ecosystem. As you yourself know, AI has significantly reduced the time and effort required to build software.