Crypto Isolation - No Sum Game
I'm united and I believe so do you. If a crypto-enthusiast or crypto project does not leave the homeland, the isolation may not have a happy ending...
Before bLeo, wLeo, and CUB projects, Hive was more introverted compared to the most hyped coins in the crypto market. Even though the Hive ecosystem is full of amazing dApps, games, and several products, it's too difficult to reach people without network connections.
Let's examine the case from crypto perspective:
No Room for Cool & Alone Boy
Because we already have one; Bitcoin.
The attributed value for Bitcoin (Ethereum is also about to be a more functional example) is a store of value. We do not die for instant and feeless transactions for Bitcoin as there are great projects already doing it.
In an era where we are in search of a "safe zone", we either choose Bitcoin or we may go for precious metals like Gold and Silver as insurance of our purchasing power for bad days. $1.9 trillion covid bills will not be the last one and If USD follows such a quantitative easing, just think about the rest of fiat currencies...
If your neighbor does it, you have to do so!
Basically, the projects look like one another and the narratives are the only aspects that are pushing people to focus on specific projects. At that point, If A coin comes up with a solution for a problem, you are expected to bring up another answer for the problem. Otherwise, you may not find anything special that makes a project different from the other counterparties. Stay unique 💁🏽♂️
Race against Time
Timing is vital! Just take a look at the success of Binance Smart Chain. Is it an incredibly well-designed blockchain? Open to discussion but when you consider its growth and market capitalization, it's exponentially growing. Btw, due to its name (Centralization), it's handicapped but somehow the project took urgent steps to compete with Ethereum when people were frustrated with the incredible fees.
We have a similar story in the Hive ecosystem, too. As you know, we are carving for #ProjectBlank but Khal wisely stated the necessity of CUB De-Fi to be prioritized by looking at the sentiments of the current crypto market. Thus, we are patiently waiting for our Hive-Twitter. I'm delighted with this move and I still have the same excitement for CUB & ProjectBlank that are to-the-point services for people 😎
The Competition & Collaboration = Opportunities to Thrive
I do not feel okay with a project that lacks the mobility to engage with other businesses. It feels like being restricted and forced to wait for some minorities to build if they are capable of it. Well, even a basic collaboration with other projects like wrapping or functioning on the same start-up provides time and capital for each one. In the end, investors are happy with mobility (the ease of transforming their value into some other forms on another blockchain) and the devs are learning and earning through collaboration. Win-Win.
From Inner Collaboration to Inter-blockchain
Hive can be the best example of this phenomenon. Having launched recently, @liotes supports projects such as #LEO #CTP #SPORTS through curation and the native token, a.k.a LEN, enables Hivers to rent the tokens for 91 days in Liotes the shop.
Another great example can be @Proofofbrain. It supports great posts on several communities to push authors to create quality content to enrich the blogging side of the Hive ecosystem. The authors are rewarded with POB tokens.
We can increase the examples of such collaborative acts taking place in our inner ecosystem from liquidity pool of DEC in CUB De-Fi to in-game tokens accepted by other Hive games (Rising Star, DEC, Dcity....)
I can shill all these collaborative actions all day long. Perfect!
Fundamentally, Borders are Old-fashion
As you can easily spot from the growing generations, freedom comes first compared to anything in the world. Under this condition, the psychological behavior of human beings hardly shows differences from their investments. Regarding the influence of universality of freedom-fighters, projects are to build bridges, ways to communicate, and collaborate with some other quality ones through at least partnerships.
Otherwise, you may die alone in such hardcore desire.
TL; DR
Today's crypto-enthusiasts are not satisfied with inner blockchain actions that are limited to a specific project. As in the case of wrapping or creating BSC versions of coins/tokens, inter-blockchain is gaining more and more value in line with the growing interest.
In this era, projects do not have the same chance to grow as much as the ones that are functional to operate between different blockchains. At least, partnership or collaboration through specific products brings up great value for both sides.
#LeoBridge for ETH & BSC, #CUB on BSC, and Partnerships with MarketSquare are great examples for our beloved projects.
However, other projects with a narrow-minded stance on point are not likely to catch up with the counterparties. In the end, isolation ends up disappointingly...
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https://twitter.com/idiosyncratic1_/status/1378356498154323979
If there was enough collaboration within the Blockchain space, the world will be a much better place. I think eventually though, that's where the world will go, extracting the best of all chains in building applications... Imagine the decentralization, speed and feelesness of hive plus the financing of EOS, with the publicity of Tron...plus other best things we have in crypto....the world will be much better
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Indeed dear. Just by taking a look at the wrapped versions or BSC versions of the coins, we can clearly see what's on the way. Within a couple of years, we may witness great competition among projects to establish partnership 😌
Thanks for your valuable comment ^^
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Your current Rank (33) in the battle Arena of Holybread has granted you an Upvote of 46%
I really like your post and thanks for the shout out for Liotes :-)
I was actually planning to write something on the topic where collaboration is much a stronger model than competition. I think that projects that can go beyond the simple borders have much more potential. I like how things are getting intertwined. Today I can sell my splinterland cards on wax. I can invest my DEC on BSC and I can play the game on Hive. This opens so many doors. The bridge builders are not only developing their own business, they are creating links for everybody to follow. Add to this some creativity and we can only wonder what we will see in the future...
Very well stated dear.
What I love about Liotes is its active role in filling a gap existing between projects. Supporting them all at the same time... Perfect 😌
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