LeoThreads Can Be Bigger Than Most Think

over 1 year ago

Many of us are excited about LeoThreads. The question is whether this enthusiams is misplaced or not.

The Leofinance team has recently put forth their goals of 5K MAUs by the end of 2023. This is a very interesting turn for a few reasons.

To start, it is good to see a project team that is actually thinking like a business. Instead of talking about tokenomics, they are focusing upon a thing that is vital: growth.

So, on Hive, we have at least one group that is thinking about this from a necessary perspective.

The other point is the number itself. Why are we targeting 5,000? Is that a realistic number?

Are We That Pathetic?

Let me start by saying that I commend the team for their roadmap. It is good for teams to take this approach. What they spelled out is thought out and divided into manageable pieces.

This is goal setting 101 at its finest.

Also, how would Leofinance look with 5,000 MAUs? We know most will be on LeoThreads but it is still a very nice number. A 10x from the present levels is certainly impressive.

There is one other point: it is utterly pathetic and disappointing.

Here is a stat that should startle everyone.

This is from Seeking Alpha. These are the numbers they promote on their website. Notice how there are 7,000 publishers and over 20 million montly users. Granted, we have a situation where many of those posting are paid and the users are simply readers but the point is driven home.

At the same time, we then have the Twitter numbers. Of course, now that it is private, we are not going to get information like we did before. Nevertheless, that is a couple hundred million people.

Isn't LeoThreads being modelled after Twitter? Aren't we talking about Twitter on the Blockchain?

The point is we are looking at a very small slice of the Internet pie. In fact, we could make the case we are suffering from an inferiority complex.

So what is the solution?

Source

Bravado

This is showing some age but you get the point.

John Wayne was known for not only his courage, but also for bravado. He came to epitomize the attitude that we need to have.

For whatever reason, we have taken to panhandling. It is like we are begging people to pay attention to us. We are the loser standing in the corner just hoping the cool kids will talk to us.

My answer is screw that.

The time for groveling and begging is over. LeoThreads has the potential to change many things and we need to think like that. Unfortunately, we are at a point where few of us know what the new UI is like so we have to reserve judgment.

However, if the new application is kick ass and truly does bring the "Twitter experience" from the first page one lands upon, then we know it is time to change our tactics.

And that is where bravado enters.

There is no need to whine or kiss ass. Too often I see Hiveans just hoping some crypto influencer will notice us. How often does someone tag Jack Dorsey hoping the slimeball will acknowledge us.

Here is the deal: he doesn't care about freedom, decentralization, or Hive.

And neither does Elon Musk.

They are not about what we are offering there. Their realm is control and power. Whether you like or dislike them, matter none. It is simply the world we live in.

So stop wasting time being a begger and think of the Duke. Stick that chest out and realize we have a great thing going.

Here is the attitude: either you are on LeoThreads or you are mentally ill.

Period.

Bigger Than Any Of Us Think

There is something called the network effect. This is a powerful force especially in the digital world. Did you see how some of the alternative twitter apps took off. They realized the network effect, right before they plunged.

LeoThreads can be bigger than most of us think. This is because we tend to underestimate how big the network effect can be.

For this reason, it is likely the 5,000 MAU goal is not possible. There is no way to we will be at 5,000 MAUs by the end of 2023.

Instead, here is a more likely outcome:

we are sitting at the same 500-600

we have tens of thousands of users and growing at an insane rate

There really is no middle ground. In the digital world, there are few minor successes. Things either take off or they go nowhere.

Look at Splinterlands a couple years ago. That was signing up 10K accounts per day for a while. This was for a digital card game few heard about.

With LeoThreads we are talking about microblogging. Almost everyone in the modern world heard of Twitter. We are not talking about a small market.

It is time to stop half assing it.

A lot of work went into getting us to this point. We have a lot of things working in our favor. For this reason, screw them.

It is time to act like the big swinging you know what of cryptocurrency. We have the best game in town.

Let's start acting like it.

A goal of 5,000 users is about as exciting as masturbating with a cheese grater.

Time to set our sights much higher.

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