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RE: LeoThread 2024-08-04 13:45

in LeoFinance4 months ago

No I don't have a bone to pick with them.
i don't care about them.

They have not brought in value they have drained off value and have never promoted the chain.

Once again prove me wrong.
Show me all the accounts, the capital brought in (hive bought) and the hive rewards (author, curation) that has been liquidated and drained out, over the last 4 years on Hive plus the 2 on Steem.

No one has been able to show the value with real on-chain information.
They only point to the one time in 2021 Hive hit $3 when they were creating a bunch of accounts. but compare that to the the whole time line.

If you want me to feel they have value. Open the books, pull the data on chain and prove me wrong.

When i goto web3 events and people say "I play Splinterlands on BSC or I Play that .. .what is Hive??" They are not providing value.

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Every account that Splinterlands brought in had to buy/ burn hive in order to create the account. This resulted in nearly 2 million hive burned. So that alone brought in value and increased the token price. There's NO way Hive was worth $2-$3 in the last bull run without Splinterlands. Are you seriously trying to tell me that Hive would have been $2-$3 in the last bull market and have as many users as it has today without Splinterlands because if so I find that laughable.

that is around $360k in today's price of Hive burned.
they are asking for $500K, plus we don't have a real number of how much of the reward pool they "upvoted' those accounts and liquidated that on the CEXs of the world.

I don't see the value.

Key takeaway is at this time. It wasn't 360k when it happened it was more near 1 million+ that would have been injected into the price of hive as it would have bought off the market. That's fine you don't see the value though you can think what you want and why we have the ability to vote how we want. I see it much differently. These other DHF funds clearly are not brining in any kind of value.

I don't support most of the other DHF proposals either.
and all I have said. is prove the value with real chain data.

I think a ton of the projects are draining the reward pool.

I'd agree with the pools are being drained. That's mainly because there's no external factors to bring revenues in which blows my mind that no one is doing that.

because no one has cared.
everyone from the Steem days only cares about free money.

show me how many of those accounts are active, how many have actually brought in capital.
show the numbers, show the actual accounts.
What is the value of 2 million Hive burned ?
What is the value those accounts have drained off the reward pool and liquidated into other crypto.

Show the numbers. Why does no one show the actual accounts.

I don't see the value. It was a just a bull market NFT spike. It means nothing.

they have also spent all their money and are running out. Why should we trust them with any money if they can't manage what they have earned correctly.

Don't just shill prove with data they are worth it.