The time changed last night from summer to winter, which meant that we "gained" an hour of sleep, not that I noticed. While try to limit my debt exposure, when it comes to sleep debt, I am very, very much in the red - almost as deep a red as my crypto holdings the last couple of months. my portfolio isn't looking very healthy and I just don't have the time to do much about it, as there are other life things going on all of the time, as well as work.
It is interesting as I believe that "pound for pound", my holdings will eventually outstrip the earnings from my work over this period, but unfortunately I have bills to pay now, so the work has to be done so that I don't have to cash out my crypto. Ideally, I would be able to spend far more time trading or organizing investments, than having to chase euros. But I am the main earner in the family and with the current housing costs, there is no viable way of slowing down.
What I do hope is that at the end of the period (it has been going for 4 years already), the approach and position I have taken will be able to provide some kind of nest egg that I can use as a foundation for the future. At the moment, that foundation feels like it is on shaky ground, as I have a lot of value wrapped up in HIVE and a couple of other tokens that aren't Bitcoin, and while I think that a bullrun on BTC will spill into the field of alts, there are many more out there than there was "back in the day" that may attract more attention than Hive.
I still have no idea why people aren't more interested in Hive than they are, when it is one of the few tokens out there that has at least some semblance of usecase, even though that might be just as a token that tracks and gives some kind of indication of social activity. I would have thought more people would have been interested in it just for this, but people seem to be wary of Hive, yet don't mind throwing a fuckload into random tokens in DeFi that they know literally nothing about.
I wonder at times if the crypto scene will ever mature enough past the "profit only" mindset, where people will start caring about what a project actually offers and delivers those who invest into it. At the moment, it seems that more people are interested in the hype of promiseware over any sense of reality, especially considering that Hive boasts probably the most active and organized user base, as well as several of the most used applications in crypto - so what are people making their investment decisions upon?
I think that this is an important question to ask as even people who are on Hive seem to be unwilling to invest into Hive, although there are some very large accounts who have done just that. Yet, they also seem to be willing to invest into other tokens that do not offer much in way of benefits over Hive, so what are the factors considered for making a purchase? Does usage matter at all?
People used to talk about the daily transactions as being an important factor in evaluating the worth of a blockchain, but I don't hear it mentioned at all these days. I am not sure if this is a step forward or back, but it seems that there has been somewhat of a return to the past, where people are spending far more time in the trading of coins, regardless of what those coins actually do. Maybe after all of the talk of actually creating something real out of crypto, it has just become another financial instrument to generate wealth from nothing of substance. It would be a pity if this is the way it goes, but I am not enthused by the kind of talk that I hear out there at the moment.
But, I think that this is to be expected as we are pretty much conditioned in the processes of what we want to change, making us act in a similar way, making progress very slow going. I think that we often see this in the disaster movies and TV shows, where after the apocalypse the first thing we do is, rebuild some kind of government that resembles what wasn't working before anyway. Perhaps it is the familiarity of it all that makes people feel comfortable to repeat what doesn't work.
Familiarity is an important component of uptake and continued support of pretty much anything and even slight changes to something very familiar is met with resistance. We can see this on a lot of the very large social platforms where a little UI change is met with drama and outrage, as if the people using it had their car keyed in a parking lot - the difference of course being - they own their car - they do not own the platform. You'd think that people would learn, but instead they keep appealing to authorities in one way or another to look after them, rather than taking the responsibility of actual ownership.
Maybe it will change one day and people will start waking up, but I suspect that it'll take a lot more suffering and hardship before there is enough pain to make the shift. Pain is a pretty good motivator of change - but how many scams must people fall into before they hurt enough to support change, to invest into change, to be the change themselves?
We have made a familiar nest - but it was never built to last.
Taraz
[ Gen1: Hive ]