The $LEO-$HIVE ratio has continued to creep up
I don't think anyone will really notice until it hits 0.25, maybe 0.35
Then realize it's going back over 1:1
The $LEO-$HIVE ratio has continued to creep up
I don't think anyone will really notice until it hits 0.25, maybe 0.35
Then realize it's going back over 1:1
Is it possible for layer 2 tokens to take over layer 1 price?
On a per unit basis, yes. There is a different amount of circulating supply so the market caps will be different. A layer 2 cannot have more value than a layer 1 but markets can do odd things.
Technical or philosophical? I'm not sure why it shouldn't be possible from a technical side.
Rather, I'm sure it would be possibile to create a Layer2 Token that is higher in Market Cap than Hive is pretty fast :p
Name: LHive
Step One: Power Down at least a month and one Payout.
Step Two: Airdrop only Staked Token to everyone mirroring 1/10 HP over that month.
Step Three: Everyone who immediately burns his LHive is rewarded with the other 90% of the HP that did not get, Airdropped over the following year, 9x+ their initial Airdrop. That should keep destroying the first inflation for a while.
Step Four: Create Artificial demand for the first trench of Inflation
That should create a pretty similar distribution with a lot more market cap. Don't look around the next corner of course :p
Monkey-nomics.
As you stated it is artificial demand hence nothing but a pump and dump. If a L2 has a valuation that is sustained, then it will end up being reflected in the L1 value. There is no way to separate the two. Any data written to the blockchain can be mirrored in any application, causing a greater spread of value than simply through the single L2.
Humans don’t trade data driven, emotions make speculation happen.
There is a three parts way to look at it:
Perception Value =!=>> Locked Value =!=>> Traded Price
All systems aspiring trading price have to go though that narrow hallway. Usually you pitch a Vision and sell the Idea generating Perception Value. Than you try lock value at those levels to manifest perception into locked value. Therefore the market will decide over the price due to the usual factors, supply and demand.
Take @Holozing as an example:
Pitch the Game = Perception >>
Airdrop and LPs = Locked Value >>
Trading Price = Price on Hive-Engine
There is no product yet, but the Token is established and the market does its thing already.
All you need is to solve this puzzle and you can birth whatever Token you want to play with. It doesn’t need to be a whole game for a value proposition.
100% possible !BBH
@esmeesmith! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bitcoinman. (34/50)
It's happened before so yes
Certainly, but to prevent rainy eyes and heavy hearts, don't use blissful hopes as essence for your life.
yes it has happened in the past
Fingers crossed and it's due in time now.