Hive and Leo might have more potential in terms of x multiple but they are no where near as certain.
Most definitely. The potential multipliers are way higher which is why you don't risk as much. 100-500x is not out of the question for Leo down the road. If the development teams hits a homerun with these first launches then, seriously, the sky is the limit.
Ethereum is standing still while all of this innovation is going on around them. There are faster, cheaper, better alternatives already. Their ecosystems aren't as robust obviously, but they're already there. And more continue to come at a rapid pace. The new ones can all do Ethereum better than Ethereum can. I just think they might end up getting out-tech'd. They were the innovator and have first-mover advantage, but like some of the early internet companies, I think they're in seriously danger of becoming, while not obsolete, a slow, clunky organism that serves its purpose but eventually kind of tops out on its potential. In a way, I see it as a Hive. Hive is an outstanding, fundamental cog in the ecosystem being created on top of it. But all of the "value" seems to be being built on top of it, without really sharing any of that value with Hive as a whole. Yes, there are a lot of synergies and the "sizzle" (like Leo) will bring eyeballs to the entire platform but what real value do they bring to the Hive token? It will be utilized in the trading engine and it obviously has the voting power but it's also inflationary without having much of the sizzle on its own. Just my opinion. Again, remember I've only been back three weeks so I'm still wrapping my brain around all the different dynamics at play here.
As far as Cardano, the tokenomics turned me off of that one right from the beginning. 45 billion coins with only 32 billion in circulation. That's a LOT of potential new coins coming on the market. Plus, there are bags and bags of the stuff out there waiting to sell at old highs. I'm sure it will do fine if they've got the tech figured out but...meh...just doesn't do anything for me. If and when it does manage to break out from 2017 highs, I might jump in for a trade but...I'd rather put my money in Leo or BTC. I mean, seriously, $1T mkt cap on ADA is $22. That's less than a 20x from here. The same 20x is BTC at $1M. Much rather risk my money there...
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Interesting that you bring up out ethereuming Ethereum.
There is a post that went up a while ago that adds another potential side chain doing what Ethereum does...Hive.
https://peakd.com/hive-dev/@klye/the-hiveloans-idea-implementing-a-true-solidity-smart-contract-capable-evm-side-chain-to-hive-and-the-future-decentralization-o
As for the utility of Hive, we cannot underestimate the need for Resource Credits. I think you get 50K active people on the chain and you will have a scramble for HP. Applications are going to have to get a hold of it so as to have it for their users. This is something that is unavoidable.
Thanks for your views on Cardano. It is always interesting when there is a big stake out there (like the founder's stake) that can be dumped.
It will be fascinating to watch Hoskinson to see what he does. Brilliant guy so he can create some great stuff. The tokenomics might be bad as you said.
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See, so that's something I didn't realize, just having returned to this place. Nice! Believe me, I'm happy about that. I want Hive to get all the love it can get since it is really the start of it all. I didn't realize that was a use case. That makes me feel better. I've been basically funneling some Hive into Leo but now I can go back and replenish it again. :-)
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