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RE: Shittokens

in LeoFinance3 years ago

Soooo. You neglected to mention BRO. By far the most successful hive-engine token (apart from sps, but that in all fairness is becoming a multi-million dollar power house). We've held our price fairly well in the two years that we've existed. Not only have we maintained the balance sheet ($180,000), but we've given out fairly well in dividends. 1100 Hive to come out on Friday! :D Leo? Man, last time I looked Leo was down -99% lol.

Also, airdrops. We did that with cine. Dropped to Leo investors (which to be fair without the Leo community we wouldn't even be a thing), and the BRO investors. Mostly all of them spunked their airdrops away and me and a few others bought it up. I get what you're saying man, but every time I think about doing something good for the community it almost always ends in getting swapped out for hive. Utility is key, and we're going to bring that eventually.

We have future airdrops planned of course, but not until our front end goes live, and not until people "feel the POWER of the dark side!" lol.

I have a lot of Cine tokens but I've bought every single one off the market and didn't drop myself a penny. In fact, we started Cine off with no sell walls, nothing! The team got dropped, but that was it.

I hear old @chronocrypto is selling out his BRO if you're interested btw. Always BRO to buy on the market if you want it :P

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I have heard good things about BRO but as I mention at the end of the post this is not meant to be a post pointing fingers at any specific tokens or tribes, it is more about the general ecosystem and how a majority of the tokens are either completely deserted or have only been liquidated by the creators/community and are deemed dead. Even though I am not that involved in the space I could count way more names of dead ones than those still alive and well.

So this post served more of a "how can we do better" and what has been the issue with most of them of which I gave one idea that most likely could be improved upon to make it even fairer and give investors a reason to add it to their spreadsheet. Some ways BRO has done their airdrops is a good step in the right direction, though, retrospective airdrops bring a lot more value to the place than just random/untargeted ones.

When bro dragon @acidyo ? (1000 bro holder)

when you least expect it bro

Would probably have to agree with you there in all honesty. We just recently moved to hive rewards instead of tribe rewards. At the beginning I was paying something crazy like 75% APR. A year later we were paying just over 1%. That's not a good look.

It's sad, you know. I'm hoping to switch that up a bit though. I'm creating something called the Dragons Den in our discord where people can apply for funding (for a percentage capital exchange). Perhaps that will help.

One thing is for sure though, is hive-engine needs more users.

The upcoming smart contracts will be interesting in that regards for guaranteed income streams that don't rely on you getting a number of their tokens to begin with but straight income through the contracts as well. Also interested to see what kind of tokens will be created and how they will work through HAF, i.e. what the costs will be and what kind of fees they will have for trading, etc, preferably the best outcome for Hive would be if they all relied on RC usage for smart contracts, etc.

If we could have a Hive Smart chain I would be really, really happy lol

Check out some of BT's latest comments I upvoted. :p

Does @brofi just blindly upvote anyone holding bro tokens?

Just noticed some weird votes so had to ask, doesn't really sound like appropriate curation if you aren't even whitelisting authors that receive the votes.

I was in a curation event the other day. I used brofi to share the love. Could have been that. Most (if not all) of the large holders are well established authors in the BRO circle.

That being said I've told them multiple times that we won't be voting shit, so if you abuse the service then you'll get taken off the vote. We do have a blacklist, yup, with one or two people on it already :)

Brofi upvotes for holding BRO is complimentary, so it's not an actual set in stone service. It's like something we do to help our community since we're not a tribe.

Okay yeah just wanted to make sure it wasn't completely void from observation and thus not allowing anyone to "buy into the token" to earn post rewards for farmy garbage. Thanks for the answer!

Always liked BRO. One of my favorite dividend tokens out there. Can't wait to see what you do with it in the future Ray. All the best!! I don't post on cinetv but it helps me to find some cool films and tv shows. Love it.

Thanks man! This year I'm trying to dish out as much hive as I can & become a hive whale in the process. Next year we're going to farm those splinterlands lands dry and share it with investors (we have a tract & $100,000 worth of cards)

Sexy. Makes sense. Hive is the daddy of all coins so it's better to build a huge stack of that. I would suggest you to have some kind of a "HBD pot" that gives out 20%. That way you can also take leverage when the market crashes. And sell a bit during the bull to fill your HBD stack again.

Posted Using LeoFinance Beta

If you check the brofund stack you'll see I've been doing that :)

Duh me. It's only common sense. xD

Posted Using LeoFinance Beta

I think the idea behind LEO is what makes it timeless. Here you sit, talking about business and $ figures, and that all has direct and undeniable relevancy to LEO. LEO is all about finance, investment, and capital gains and moves. The fact that any currency is tagged to anything at all on a blockchain, means that LEO itself is intrinsic to Hive as a whole. It's a piece of the whole puzzle, that without it isn't complete. That's how I view LEO when it comes to the long term and what will stay relevant and what won't. We all have our perspectives though and I'm not saying mine is necessarily right, but it's based in logic and reason and a willingness to accept the future is going a certain way and I'm merely along for the ride and must adapt to ever-changing environments physically, mentally, emotionally, and yes, financially. :P

Well. My logic is that I bought 13,000 Leo Miners, and 45,000 Leo. They were worth $150,000 at one point. Now they are barely worth $5,000 altogether. I can't honestly see more truer logic than that. Why does no-one talk about the epic losses of Leo?

The "Epic losses" of LEO are no more "epic" than the losses of BTC, ETH, DOGE, HIVE, STEEM, TRX, Etc... Delusion is what makes you think they are any different. Why does no one talk about the fact that you could buy in for $0.21/ea back last year, and then you could have sold for double your fucking money the next month? Hmm? Why don't you talk about that?

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Oh, because you look at it like something that should have raised in value by this point and since it hasn't, you've taken "losses." You fail to mention how much LEO those miners and the LEO you bought earned you. Did you not stake it? Did you not vote any? Did you not post with the LEO tag? If so, then your stake not growing over time was your own fault, not the markets. If you didn't sell off when they were so high, you chose to stay in for the "losses." That's on you... lol

The timeframe of when a crypto did what means very little if you're actually in it to win it. Sometimes it takes years. If you sell your shit now, yes, you take losses. If you hold on, how do you know it won't be worth $1million where it used to be worth $150k, but went down below $5k, so you sold because you "lost." What if we're a little more conservative and just say it manages to reach back to $150k? Then you've gotten the $150k you speak of and then how much did you earn actually applying the asset? How much did the miners earn you in LEO over time? It seems you are blinded by fear that it won't ever reach that again, so you're looking to pull out. That's why most people go broke in Crypto. Fear is a hell of a motivator.

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Hive is now only worth a fraction of what it was at one point. Should you stop using it and earning it and investing in it? Does that make logical sense? Or does the idea behind the currency mean enough to you value-wise, to stick around even though it's a fraction of it's past value? Should you quit posting and voting simply because you bought in @ $2.00/ea and bought 100 Hive and now someone could buy your 100 Hive for less than $20 or around that? The points you make about LEO are points that would entail all other crypto being worthless money sinks. This flawed logic makes no reasonable sense. lol

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Let me guess its not about price it's about building

One thing I have to do is fiercely protect my investors, and if that means a big unpopular dump then so be it. It might not be about image for everyone else, because soon™ and all that jazz, but I roll with the times you know :)

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not relevant to the discussion here but what an unfortunate username you continue using :p

Just checked out bro on leodex, not bad, it's doing pretty well (I mean well). Never did take the time to see for myself.