Did WLEO (LEO) Eat Hive's Lunch or Add to the Buffett?

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I have been quietly watching this whole wrapped LEO thing play out. It's honestly very surprising to see how the Leo team pulled this off.

On the other hand, is it really that surprising that this team was able to have such a substantial impact? We have seen them do many things in the past and they seem to get everything right.

When something doesn't work, they are quick to adapt. When something is missing on their apps, they are quick to add and even develop the right changes.

I started using their Beta site not too long ago and really enjoyed it. Now I woke up today and see that it's already live on https://leofinance.io.

LEO vs HIVE?

I'm also on Twitter a lot and I have been watching some back and forth between Hive people and LEO people. Aren't all LEO people also Hive people?

It seems that some are upset that LEO has risen beyond HIVE's price.. although look at the market caps, is LEO worth more than HIVE in market cap?

NO! It's 1/60th of Hive's market cap.

If LEO grows their userbase, does Hive's userbase also grow?

YES!

A LEO user = a Hive user. I think some people simply miss the point about what leofinance has accomplished and what they seem to be pointing their guns at - they might singlehandedly fix the onboarding issue that this blockchain has.

I'm not much for on chain stuff, but I am a regular trader of Hive as a currency. I think Hive has a lot of potential but I also think that most projects on Hive fail to actually bring in new people and instead only cater to an existing group of hivians.

Now we see leofinance taking the opposite approach. catering to outside people and looking to bring them into the leofinance (and therefore Hive) banner.

So is LEO's success taking away from Hive's? absolutely not. This is the most ridiculous notion I have ever read. If Leo delivers on 10% of what they say they will deliver on, they will be adding so much value to this chain. Not to mention all the value they have already brought here.

Hive people should be supporting Leo people. Because all Leo people are Hive people. Kind of like how all squares are rectangles.

I'm excited to see what else this team has up their sleeves. Clearly, this is the right place to be.

Posted Using LeoFinance Beta



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11 comments
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One of the best posts about this topic. All you state is true.

Don't know why people are taking sides over it.

Posted Using LeoFinance Beta

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Hive elite is an old steemit elite. They blocking every project not grown in their garden, especially if it's not coming from the USA.

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Everything that got on LEO started with HIVE, myself included. It is the perfect symbiose between HIVE and LEO than ensures more rewards on one side and more exposure on the other side. Working together things can only get better and each of one empowers the other.

I am using and powering up both HIVE and LEO with the same enthusiasm and care about both. It is just a problem of summing the rewards and not substracting, not sure why one would favor only one of them.

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It seems those leading the way for hive might have a lot on their plate trying to get their steem back.

LEO can take charge until the rest of the cavalry returns at full force.

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As a die hard Hive user and stakeholder, I am 100% for LEO being successful. Regardless if it is worth more or less than Hive. In fact, let's build 100 LEOs and grow even more.

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I won't say its success is taken away from HIVE either, it's just another part of the LEO ecosystem and now less central point of failure, lEO wants to become more decentralised and that's not a bad thing.

The LEO price because there's only a HIVE and ETH pair now means its heavily influenced by UNIswap and ETH pricing since HIVE doesn't move much, so people may be inclined to see this as wLEO making more of an impact but the truth is HIVE provides the tokens for uniswap and they feed each other.

As more exchanges come online, prices will move up but volatility will reduce

Posted Using LeoFinance Beta

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I think it's more about where each user sees the future.

For now, all LEO users are HIVE users. LEO uses HIVE as part of its fulfillment technology. That may or may not be the case in the future.

As LEO reaches out to people external to the HIVE ecosystem - and provides functionality to those new users - the less important HIVE is to LEO. If the witnesses all gave it up tomorrow and HIVE ceased to be, LEO could run its own hive fork and keep on running with just a little hiccup.

I've been saying for a while that if STEEM, and now HIVE, is to be successful long term it is as a utility layer for popular blockchain applications. Figure each user needs 10-15 HP to transact on chain. How many of those users would it take to significantly change the supply/demand relationship? Like @themarkymark says:

In fact, let's build 100 LEOs and grow even more.

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I could not agree more, I don't do twitter much so I miss all the things going on there. Leo+Hive=Winwin!

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I'm pretty certain the roadmap of Hive should be many Leo's.

The global reward pool should give way to a community based reward pool where rewards are given to communities and they decide what to do with them.

Community based material, curated by humans, is where this thing needs to go. An immutable set of sub-Reddits without the overarching control or even the chance for someone to swoop in and control the whole thing.

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