A Pirate Looks at 40 or 50 or 70
With extreme apologies to Jimmy Buffet
“I made enough money to buy Miami
But I pissed it away so fast.”
Jimmy Buffet A Pirate Looks at 40 A1A 1974
There’s a lot to be said for longevity. Be it personal or business. For a guy that never expected to make it to 30 I have to say that it’s pretty damn nice to still be around. Not just around, engaged and active.
This post is predicated on a couple of seemingly non related events. I’ve been taking a little grief about my age (I’m still a year away from 70) on discord and I read this article on Sunday about aging. Cryptocurrency. I think if you read this you will get an entirely new perspective on Hive. Even if you count the previous currency we aren’t at the ‘age proven’ position yet.
According to the article 92% of all crypto projects fail in the first five years. The author’s thrust is about investing, and looking not for the project that
“has the best gimmick, but rather one that is strengthened from the passage of time.”
Are we capable of surviving the 5 year mark? I think we are more than capable of survival.
According to the article
“Projects that survive past the five year culling period, are likely, on average, to have been continually developed and added users over this time span, otherwise they would not have made it. This would suggest at least a marginal increase in the price of a candidate token over this period.”
Whether you consider Hive a continuation and improvement on Steem or a stand alone project we certainly have the devs, and users to suggest success. I tend to consider Hive a 4 year old project that has been tested and improved.
The question then is simple: Can we onboard enough new users to justify the ongoing expense in time and money that the devs and stakeholders have invested?
I suspect the answer is that we must. When I first moved to Arizona (it’s been 20 years now) it was the fastest growing state in the Union. There was a column that ran every day in the Arizona Republic titled 5 and 3. The reference was that for every three that left Arizona 5 entered. The columnist interviewed somebody leaving and somebody new every day.
I suggest that we need that 5 to 3 ratio to grow and prosper. It will keep our membership and our precious content fresh and changing. I think the change is important to long term steady growth that the platform needs BEFORE it is ready for huge number onboarding.
We can do this thing. It doesn’t take much effort. It would be pretty simple for each of us to invite one new member per week AND promise them a delegation of 25 hive so they can at least participate while they make their decision whether to stay or go.
A net gain of 1000 per week on Hive would be a wonderful hedge aimed at making sure we survive the 5 year mark in good health and positioned for growth and investment.
We CAN do this thing. Will we?
If you are one of the 11 people that are unfamiliar with the song referenced at the start here it is.
All quoted bits are from the article
Antifragile: Cryptocurrency and the Passage of Time by @CryptoLima Published by Hacker Noon. Link here.
I wrote this post so all the words (except the quotes) are mine. For better or worse.
Thanks for reading this all the way to the end. Anything can happen and often does.
You want some really cool stuff? Check these authors, they will not disappoint.
