I am of the opinion that people should do as they see fit with their tokens. If the platform generates more revenue it won't matter if people power up or not.
Also we can educate people on the importance of powering up and distributing rewards to better improve content discovery and token distribution
of course they can do what they want with their tokens. I just think it’s a little foolish for people to be playing with shitcoins (as many do) when they hardly put any money into the coin they use the most, and often sell it instead. I used to, til I realized Hive had more staying power and was underhyped rather than overhyped.
one of the many assumptions we have is that people are selling their hive/InLeo for other coins. That might be true but not for everyone. For instance, I sell mine for fiat to cover my expenses. This is more like a job to me than an investment (although it is both).
The bottomline is we mostly cannot control what people do with their token but we can do is create circular economies around hive and InLeo. This way the value retains within the hive ecosystem.
I get it. I’m not talking about everyone here. I’m talking about the people constantly seeking the next 100x token, as if they’ll catch it or as if it couldn’t be Leo or Hive. I have seen too many people on chain who lost money on projects or scams they read up on for 5 minutes. You are right though. I’m just encouraging more people to put their money where their mouth is. If you need the money to eat, then you are doin just that.
Yeah, I get your point. We all cannot be chasing moon coins. Hive is promising. All the recent efforts to build and promote the chain goes to show that we really mean business.
It's better to focus on one thing or a few things than chasing everyone. I have learnt this much as well. This way, you are able to commit the time, energy and resources needed to grow.
lol I wonder! I see a lot of people always seeking the next 100x coin and gambling their money away rather than building their hive , Leo and bitcoin stacks. To each their own (I went through that phase too), but after 7 years in the space, I feel like the only reason to invest in something that you aren’t really familiar with is if you wanna be a full time professional day trader
I agree with @nonsowrites. The more we educate people about staking their tokens the more informed choices they will make.
I am of the opinion that people should do as they see fit with their tokens. If the platform generates more revenue it won't matter if people power up or not.
Also we can educate people on the importance of powering up and distributing rewards to better improve content discovery and token distribution
of course they can do what they want with their tokens. I just think it’s a little foolish for people to be playing with shitcoins (as many do) when they hardly put any money into the coin they use the most, and often sell it instead. I used to, til I realized Hive had more staying power and was underhyped rather than overhyped.
one of the many assumptions we have is that people are selling their hive/InLeo for other coins. That might be true but not for everyone. For instance, I sell mine for fiat to cover my expenses. This is more like a job to me than an investment (although it is both).
The bottomline is we mostly cannot control what people do with their token but we can do is create circular economies around hive and InLeo. This way the value retains within the hive ecosystem.
I get it. I’m not talking about everyone here. I’m talking about the people constantly seeking the next 100x token, as if they’ll catch it or as if it couldn’t be Leo or Hive. I have seen too many people on chain who lost money on projects or scams they read up on for 5 minutes. You are right though. I’m just encouraging more people to put their money where their mouth is. If you need the money to eat, then you are doin just that.
Yeah, I get your point. We all cannot be chasing moon coins. Hive is promising. All the recent efforts to build and promote the chain goes to show that we really mean business.
It's better to focus on one thing or a few things than chasing everyone. I have learnt this much as well. This way, you are able to commit the time, energy and resources needed to grow.
I’m talking to the “former selves” I often see in other people
Hahaha, it's really sad but I guess that happens because most of those users are new to the chain.
lol I wonder! I see a lot of people always seeking the next 100x coin and gambling their money away rather than building their hive , Leo and bitcoin stacks. To each their own (I went through that phase too), but after 7 years in the space, I feel like the only reason to invest in something that you aren’t really familiar with is if you wanna be a full time professional day trader
Its just really sad but I guess they will have to just learn the hard way, hehe