Let’s be truthful about the crypto market. You have projects that do something while some don’t. We also have a mixture of legacy wealth all looking for a place to park excess capital. Which means some shitty projects get funded while others of great value get overlooked.
Often times many crypto projects get pumped using legacy pump and dump mechanisms. When the bottom eventually falls out many are left holding the bag. Obviously this is not a sustainable way to run things. It almost has a pink sheets type of feel to it.
This is why certain devs need to be careful not to get in the cross hairs of the bald guy at the SEC. Mimicking the legacy system is a recipe for disaster. And the SEC only wants to make an example of one or two players. All the while the banks break the law and get a slap on the wrist.
Now that I got that off of my chest what is the deal with Hive? I mean talk about “rewardville”. Lately I’ve been stacking and moving some of my rewards into SPS. Splinterlands continues to show the rest of crypto how it is done.
Not to brag or anything but the UI is very friendly. Transactions have been mostly seamless with very little delay. And I love the fact that everything is easy to find. Talk about something mom and the kids could use.
Games and virtual worlds will become the dominant genres in the crypto sphere. And truthfully it is something the entire world needs right now. The plague has pushed many to seek other means of income besides a job. Now is the time for Hive to do what it does best.
The Hive magic money machine can become something like no other. Rewards are what the market truly desires. Investing in crypto is just not possible for everyone. Yet, there are many people in the world who know how to work.
I would like to see more gaming and Defi on the Hive eco. Maybe if some of the tribes would follow the Splinterlands SPS model we could see some serious shit happen. And airdrop the living daylights out of these tokens.
The airdrops will bring in the people. The community is what will keep them here. Time is money as they say. People don’t like to feel like their time is being wasted.
They also want to be fairly compensated for participating. No one wants to work or game for free. This will also become a trend. Why play a game that does not reward in crypto( Are you listening EA)? Not when certain blockchains will reward in crypto.
I know it’s tough being early to any trend. Much of the market is obsessed with projects that don’t create much value for it’s user base. Not to mention the countless media attention. Frankly many of them just don’t get it.
They want to create a system that mirrors the existing legacy system. Or they create correlations to the stock market. There is no causality. They are not one in the same.
Here are two formulas I came up with using my fake MIT degree: Unsecured Fiat Credit+Blockchain= Causality
Zero Unsecured Fiat Credit + Blockchain= No causality
Hence, no causality at this time. If we ever have NINJA crypto loans then we can talk.
Suffice it say we are in uncharted waters. Yet, it also give us a canvas to create something entirely new. It is why the best and brightest are gravitating towards blockchain. Why work on something that has become obsolete(legacy system)?
So today let’s not focus on price as it pertains to Hive. Rather lets focus on what is to become. We all know this system rocks. It’s only a matter of time before we get our just due. :)