HIVE and LEO theoretically can't compete, they have completely different objectives. The first one is a decentralized layer 1 platform, the latter is a (somewhat centralized) 2nd layer token (HE SMT) & community. As long as these truths are not being skewed by people trying to shill/boost a token/project, all is well.
With this said: personally, I would prefer for projects to have cashflow business models that can funnel profits back into HIVE, to make the layer 1 more robust, in return for leveraging it to bootstrap their business; instead of creating a competitive token and displaying it more than once how much more $$$ people make with that token.
If people sell their HIVE for another token, that's not good for HIVE. If people are more excited to stake another token instead of HIVE; that's not good for this token. And right now, with 400 sats, I'd say we need more pure commitment to Hive; not less.
I totally agree with these things you said, but we all know how hype and buzz works. I think people will invest in Hive with time as well, all due to the success of the communities. I also think it is likely for Hive to change and improve even more due to the success of communities.
Regarding the $$$, I would say that it is wonderful and the biggest reason for the hype around LeoFinance. People are rewarded more on LeoFinance, including myself, and that is something really, really cool. It shows that communities on Hive can thrive and that the value of 2nd layer tokens can have real value.
That being said, people selling Hive for LEO is far from ideal, and that would obviously end up hurting the value of Hive in the long haul, but I am very optimistic. I think everyone can learn something from the success we see with LEO, and I think LEO will benefit Hive a lot with time.
This is just the beginning, and there's a learning curve in everything we do.
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That's a short sighted view, IMHO. The more successful a 2nd layer project becomes, the more likely it is that the app owners/stakeholders in that project will want to also stake HIVE to protect their investment. There is no reason to lament some people who own HIVE swapping their HIVE for LEO.
There is no reason to create a conflict between 2nd layer apps and the base layer like that. It's completely counterproductive. I can guarantee you that once there are 100 thriving apps like LeoFinance on Hive, there will be buying pressure on HIVE as well.
Posted Using LeoFinance Beta