Crypto and Coffee pointed out in a recent article the realities of tokens maxing out on their total supply, and ceasing the creation of new tokens. What happens next is interesting to consider, but I am more interested in what needs to happen in order for there to be sustained growth and development. I think crypto projects have a limited timeframe to show sufficient proof of value, or be swept aside in favor of more relevant projects.
If we are thinking in terms of sustainability then we need to put a timeframe on it. The work should be on developing the building blocks for such projects against the powerful forces of irrelevancy. We as humans are wired to improve and innovate, so any project refusing to envision the future is setting itself up for failure. Not only that, but 'the future' is a lot closer for many projects than they like to comfortably admit.
One regulatory decision can be an existential crisis for a host of crypto projects. None is in fact immune from crisis, especially those sharp ones specifically aimed at the crypto sphere, but there are ways that we can effectively minimize the impact of those actions. The obvious way is to keep innovating and trying to anticipate the future. This in like trying to beat the system at its own game.
The winners of the sustainability race will emerge big winners because they would have perfected the working models of their project as well as cornered a crowd of fiercely loyal supporters and community members. The more staying power a project exhibits and willingness to plow forward, the more we develop trust in the project and its potential to succeed.
It does seem like Hive and some of its second layer projects are always in a rush when it comes to innovation. It appears that way perhaps because they have realized the time bound nature of survival and success in the crypto space. Some great ideas that are implemented on this chain might be the crucial difference between the projects that succeed and the ones that fail.
Every project we are working on right now on the Hive chain, and every new change that is introduced should not be overlooked. They are necessary even when they do not come with a bang. Who knew Splinterlands and Leofinance would have as much impact as they have had over the chain. That is one of the greatest positive reinforces whenever we experience periods of price suppression along with other project related challenges.
Also the race is not necessarily external but internal. Should the Hive chain fail for instance it won't be because other superior projects drove us out of business but rather lapses in our own internal arrangements. Innovate or die describes it perfectly, and we certainly stand a great chance of winning big with this chain I believe.
