You are viewing a single comment's thread from:

RE: LEO At $10? $20? $30?

in Threespeak4 years ago

I see no reason why you couldn't be right... IF — and this is a significant "if" — the growth is allowed to happen more or less organically, on a longer term basis. I know from personal experience (predating Steem and most of the cryptosphere) what can happen when a promising venue "gets ahead of itself" and tries to hit the big time, with the primary result being a FLOOD of new users whose sole purpose is to milk the rewards while adding nothing of value. Saw this happen in 2014 to a "social media that pays" site, and they went straight down the tubes a few months after being all over the news... and took something like $30 million worth of Angel Funding and VC dollars with them.

Part of LeoFinance's significance is also as a model for other communities... not so much to be copied, as just to serve as an example of what CAN be done.

=^..^=

Posted Using LeoFinance Beta

Sort:  

Very wise thoughts.
It is important to clearly show all those "milkers" (from their very first day), that LeoFinance is a wrong place for them.
Copy-pasters, plagiarists, BS posters, TAG spammers. Not only moderators, dev's, but all of us already have the ammunition against these milkers. And I do not hesitate to use it every day.

Posted Using LeoFinance Beta

I like to see that people actually give a shit and do something about it. I report a lot of stuff and rarely ever anything happens if I don't do it myself and I can't do anything in most tribes as I don't have the voting power.

I think this is critical for the success of a community, especially one distributing even more tokens than Hive.

Posted Using LeoFinance Beta

I'm grateful for all these reports on plagiarists and coin milkers @themarkymark, and I'm trying my best to use my power and show those parasites how wrong they are (with their tactics in Leo space). Keep them pointing out, I'll take my part to bring those steeled Leo coins back to reward pool.

Posted Using LeoFinance Beta

Yes, we do all have that power... but hence also my point about organic growth. If we gradually build a community of genuinely interested users — both creators and consumers — the system can be in balance. The problem — as we somewhat saw back on Steem — with a sudden meteoric rise in the number users, is that we suddenly find ourselves with ten of "them" for every one of "us," and the situation becomes unmanageable.

Short version: Better to have 100,000 dedicated active users in three years, than a million trash users in three months...

=^..^=

Posted Using LeoFinance Beta

I have high hopes and expectations from LEO and am confident that we won't have a similar faith with the above mentioned social media site that you mentioned above. I sometimes compared leofinance with musing.io in terms of exponential growth but finally realized that there are high differences between the two.

Posted Using LeoFinance Beta