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RE: Protect yourself against becoming part of the future Cryptoart Underclass!

in Alien Art Hive4 years ago

I think that basically this iteration of Hive is pretty much done and we need to evolve to the next iteration with SMT’s. That way, an actual business model can be built into the tokens similar to LeoFinance. Ad revenue is used to buy tokens off the market, exchange fees are used to buy tokens off the market, every business venture’s revenue is used to buy tokens off the market so that community growth becomes correlated to the token price.

Hive and STEEM managed to gain value and ride crypto hype cycles because of that exclusively...hype. There is no business model and there can’t be as no one is in charge of HIVE. I suppose there could be if everyone agreed on something, but that has no chance of happening.

The way a community like OCA could leverage this would be similar to LEO, we create our own frontend and use ad revenue to buy tokens off the market, we could have a digital marketplace where people sell digital goods, and we take a fee and use it to buy tokens off the market. We provide premium features and for that take a cut of rewards, then use that to buy tokens off the market, etc. That along w normal hype cycles I think could work, but yea, we need SMTs.

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