Let's create s decentralized space where everybody can say or do whatever they like on a blockchain.
Oh no. People are doing a thing that we don't agree with. Lets have a witch hunt everybody. Yay.
It's now been 0 days since our last witch hunt.
We were actually going well for a while. We even went a few months without ganging up on a group of users and driving them away for no particular reason but again we will end up with less users and less value in our eco-system once more. Silly really.
Anytime that token price becomes the issue it's down to two major principles. User numbers and revenue generated.
If hive can bring in a few million active users we will need RC for each of them to interact. Then either the users or the apps have to powerup to run this. So successful apps would work if we could build the tools for them to link into hive quickly and easily.
Or if our existing apps can start to generate revenue and run like a real business as every other app in the world is forced to do. Run ads, have micro payments, take sponsorships, premium accounts. Use the money to buy hive from the markets and create buy pressure against the users selling.
But that would be too logical.
Splinterlands showed us it could be done before they fumbled the bag. They really pumped the price for everybody last time around. Now we just need a dozen other apps to bring in revenue and do it on a sustainable business model that can last over multiple cycles.
It could be done with all of the brains and brilliance that we have on chain but usually devs and business minds seem to clash instead of collab.
I have always wanted the original tribes idea to get real focus that we could turn into a portal to hive. Real ready to go communities that anybody can launch and run with zero coding. Light accounts, instant onboarding and a sustainable token economy backed by ad revenue to give each token value into the future. Each community would become an onboarding point and all combined revenue would be buying hive form the markets to back their token. It's just a pity they never followed up on the original tribes after the launch.
Hm yes but was it Splinterlands or their unsustainable broken Play-To-Earn mechanics that pumped the price of a Hive token to the exact level it costs to mint an account? It should be heavily noted that Splinterlands charged new accounts exactly $10 to prevent rampant botting. How high did Hive get? Around $3.33. How much does it cost to mint a new Hive account? 3 Hive. The math is devilishly suspect on this one and I've never verbalized it until now. That pump could have easily been caused by scammers during their scam. All speculation of course.
It was $10 to get an account but you also get credits to spend in the game with your account. And it was $10 since the alpha days long before the play to earn hype of the last bull run.
They couldn't mint enough accounts from their own stack and spent a couple of million to buy hive from the market and mint new accounts at the peak of the game. We were already in a bull market but that combined with people buying hive to spend in game was the biggest reason that we saw $3.
They crashed the game by flooding the markets with chaos cards thinking that the bull run was going to keep going but instead it killed the scarcity factor of the game, killed the rental market as everybody had access to buy cheap cards and the bots were printing the reward cards in huge numbers.
On top of that they kept flooding the market with new items like validators and promos into a bear market soaking up whatever funds could have been used for the card markets.
The bots didn't kill the games momentum but the printing of assets did.
They weren't the sole reason for the last pump but i do think that they were the biggest reason for it.
lol nice explanation I'm not even gonna try to stumble down that hole.
Spoken like someone who was actually there and lived it.
soooooo yeah back to the original topic it will be very nice if we can streamline development and get some of that consensus and collaboration. EVM compatibility may prove very important... I don't know there are so many ongoing projects that need to deliver it's just very frustrating to wait for all the soon™ products.
I just wish that i could code. It would be nice to try and build instead of just complaining for a change.
At least 3speak seem to be on the verge of launching a new type of community and vsc are getting places on the EVM compatibility.
We've spend years hearing soon. Who knows, we might actually live long enough to see something big happen.
It's even more frustrating to conclude that once you start learning to code you realize that getting a project completed on your own is difficult if not impossible. This is why teams and foundations exist. And then that requires organization, leadership, funding, and politics.
I've always talked about the need to decentralize this process and create training programs to help anyone on the network learn how to do this stuff. Unfortunately THAT is even harder than just making a centralized company.
I looked at it once.
Then i ran away screaming.
It was a wise choice i think. :D
I will just have to wait until hive pumps my bags enough that i can leave my job and hire people to build for me. Then we can build even more and pump the bags again. We just need the first wave of success so that we can bring even more.
Ah yes the old chicken and the egg bootstrapping problem.
Which comes first? The money or the development?
Will be interesting if AI lowers this barrier to entry.