No it doesn't, the value comes from the function that shares provide and the assets and utility that the company has. Same with hive. You reduce the function of the reward pool to absurd oxymoronic idiocy of Tip Yourself, all in efforts of denigrating a mechanism that was used in early 2017 to create the greatest influx of capital and users by an experiment that initially was meant to last only two weeks but which continued for almost two more months, the whale experiment demonstrated the power of the downvote and the downvote was why numerous people swarmed steem in q2 and q3 of that year. Hive isn't a fucking degenerate stock gambling ponzi scheme and its absurd to suggest that the reward pool functions as it was never ever intended to and that it makes any sense what so ever to even have such a completely absurd system of tipping yourself.
RE: If I Was Still On Hive
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If I Was Still On Hive
the only reason hive holds its current value is because of the 50,000 splinterlands players buying up tokens so they can buy cards
Its the utility that they have from those cards that is one of the reasons that hive has value. stockholders DONT GIVE STOCKS THEIR VALUE. THE STOCKS HAVE UTILITY AND ARE REPRESENTING A CONTROLLING INTEREST IN THE COMPANY. THE EXACT SAME THING WITH HIVE.
https://peakd.com/views
Don't seem to work.
if you list hive posts by MOST VIEWS then nearly all of them are posts about SPLINTERLANDS
That's still one part of hive.
the overwhelming majority of hive tokens are purchased to serve the over 50,000 splinterlands fans demand for new cards
blogging is barely an after-thought
Do you have a breakdown to exemplify "barely an afterthought" and where does the reward pool factor into this?
stockholders DO give stocks value
in the same way, account holders give a BANK value
if people lose faith in the bank
and withdraw their accounts
or lose faith in a stock
and close their position
the whole thing drops like a house of cards
That's speculation, value is there before the company goes public.
exactly like crypto