RE: The STEEM/HIVE Ratio Is Approaching 1. What Could This Mean?
Possibly also 20% interest on the HBD
How interesting. What seemed like a big advantage for attracting investment may turn out to be more harmful than helpful.
although I still think it would've been good for adoption and for the overall ecosystem
I agree with you, I would also like to see layer-2 token here. Although I also do not fully understand how exactly they can be useful for STEEM. It probably depends on the project that creates them.
In looking at powered-up Steem metrics and numbers of minnow/dolphin/orca accounts over the last couple years, I don't really see much indication that those programs really make much difference to overall staking totals or to STEEM's price.
This is quite disappointing. I had hope that the clubs would have an effect.
I still think it may turn out to be useful. To me, the problem with the way that they did it is that they basically just did "set and forget". IMO, a more thoughtful and dynamic method is needed for finding optimal values at any point in time.
It's just me guessing, though. An actual analysis has not been done (AFAIK). I could easily be wrong.