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RE: The Guy - Is Having One Good For The Blockchain?

in LeoFinance2 days ago

InLeo would be best to fork away from Hive to really grow IMO and become it's own chain

Seems good. But have they (from Inleo, not from users) tried to promote their own products outside the HIVE ecosystem? (because I don't really follow their development, so I'm curious)

I am not a fan of Solana or any of the projects there. They all seem like nothing more than cash grabs and vaporware with absolutely NO real infrastructure behind it.

Some of us got interested in crypto because it started with airdrops offering free money (who here doesn't want free money). Or maybe there are users we follow on social media showing off the benefits they get from airdrops or memecoins, and some of us follow their lead (FOMO).

In SOLANA's case, it's mostly because of the memecoins. Solana which can now be considered the home of thousands of memecoins (or rather shitcoins) But in Solana there are also still some good projects such as JUPITER, RAYDIUM, MAGIC EDEN, TENSOR, and so on.

airdrops are often raised by some projects as an incentive for users. I think because of this, users are divided into 2 sides (the side that uses a project because they hope there will be an airdrop and the side that uses a project because of its usefulness). And sometimes even with the lure of airdrops, if the distribution is unfair or seems stingy, a project can be abandoned by its users.

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Oh I understand what it's drivers are, I have been around this space for a long time at this point and worked in many different ecosystems in the space. I used to work as a validator team in the Cosmos ecosystem during the last cycle and it was a nightmare. Just a bunch of crap chains dropping crap coins with absolutely no utility other than to dump and run on their greedy little followers who cared nothing about crypto and just wanted to make fiat gains. They were all rude and would only stake with you if you gave them shit for free. This caused a crap ton of centralization at the top with teams giving away NFTs and stupid shit like that. It causes issues with chain security when you have all the stake with a few players.

It was a complete nightmare to be honest and not what the original fundamentals of the space are about. Chains like Solana, Cosmos, and other ecosystems are driven by greed for the most part. Those of us who have been here for quite a while have more discipline and conviction over their investments. Some don't, but they are gamblers in my opinion. Crypto is an industry. For me it's a true business where I make my money everyday, so I take it more seriously. I am here for the freedom money and to create an alternative economy outside of the traditional system. You know, doing commerce with true peer to peer cryptocurrencies.

In many cases with Airdrops, it's not free money, nothing in this world is ever really free, you are giving up your time, data, or money in some kind of way. It's all a marketing gimmick because the devs hold the majority of the tokens that they use to tank the prices of the tokens before they run. Seen it too many times. I mean, do whatever you are going to do, but don't forget the reason crypto exists in the first place.

To answer your Inleo marketing question, yes, the market like crazy outside of Hive and have several partnerships they are developing like with DASH, CACAO, and Thorchain. They also have an Arbitrum and Ethereum version of LEO, but that is an attempt at cross chain liquidity. I say they need to fork away from the old Hive guard and create their own version of the chain with full history. Just my opinion. Hive is great tech, but the people running it are not so great, we'll just put it that way.