You are viewing a single comment's thread from:

RE: Valueplan The Numbers Accounts Funded November 2024

in LeoFinance7 days ago

Thanks for your detailed comment. Alot of the Valueplan funding goes to Venezuela which is 13th on the chain analysis list. I don't really get why Hive is not targeting the more affluent country's. But it is hard to get it right. I get political unrest is a reason for crypto mass adoption but it is the richer countries that have more disposable income that would attract people to the likes of Hive. I definitely think China and Korea need looking at. Isn't the Korean exchange the highest Hive volume per day?

Sort:  

Yes, Korea is the leader in Hive, and has been for some time. China is kind of rough ... Justin Sun and all that ...

The problem about targeting countries that are more affluent is simple: we will not work in the U.S. and Europe for pennies. No time, no discipline as a culture at least in the U.S. to understand that the crypto cycle is four years and that those pennies stack up. Hive is basically 30 cents. That doesn't even register with Bitcoin at $103K. It will register when Hive is above a dollar, and the onboarding process is simple enough and the support is robust enough for new people to get guided correctly (I have made a significant effort in that direction) and not downvoted to the floor for mistakes they don't even know they are making. But culturally in the U.S., the masses are not going to jump through hoops for Hive at 30 cents. It's too much work for too little unless you are of a mind that those pennies add up -- and that is rare in the mass.

But now, be not deceived. India, Nigeria, and Indonesia all have rich people in their two billion souls. Hive would have to have people study who they are, what they want, and appeal to them on their own terms -- and with the money we are piling into VP, this should not be an unreasonable ask.