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I temper my blockchain loyalty based on longevity. Hive is two years old. It split from Steem which is 6 years old. I anticipate that the life expectancy of any newer blockchain will be short. From an investor view, I try not to be blinded by the fandom. Crypto investing is speculative, so I recognize that losses and gains will tend to be manic and depressive. It's still fun, but it's not my long-term investment strategy.
RE: My world does not need so many layer 1 blockchain projects