RE: Leofinance Leading The Way: The Secret Of Success

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My views might come off sounding a bit strong at times; harsh. I mean well and it's good to see others thinking and talking.

I'm impressed with LEO. 'Success' only comes after progress though. Seeing LEO progress towards hopeful goals then turning them into a reality is bittersweet for me. "This content thing doesn't work, hasn't worked for four years, so go make another token and the same concepts will work there, but not on Hive, because reasons." Ridiculous. If I'm a consumer, I don't want to be forced to buy thousands of different tokens because my interests vary. If all these different communities aren't connected to one token, most fail. If I had to buy food but required a special currency to buy bread, a special milk token, a special soup token, a special Doritos token, a special Coke token, a special Pepsi token, a special pork chops token, a special steak token.... I'm going to say screw this store and go to the one that lets me use my main currency, then maybe purchase products that offer perks but much later after I've had a taste and find I consistently enjoy, whatever it is.

Right now I can support LEO without needing to own a massive stack of LEO. I can contribute towards its success indirectly. A community that creates it's own market dies out if it gets cut off from the global market. A planet with one productive city is not a success. Create a few more productive cities and things start looking better. Then remove the atmosphere and watch everyone die.

I'm just confused as to which direction Hive is going. And nobody here can convince me millions of people would be interested in purchasing the power to elect people who don't even interact with anyone or state clear goals, showing a path that clearly benefits all involved.

Still. I'm glad to see LEO doing well.



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I'm just confused as to which direction Hive is going. And nobody here can convince me millions of people would be interested in purchasing the power to elect people who don't even interact with anyone or state clear goals, showing a path that clearly benefits all involved.

Hive is going in the proper direct, many different ones. It is a back end database. What is built upon it is the crucial factors. It is no different than Ethereum; that token got a lot of attention during ICO, cryptokitties, and not DeFi. Do you think most people on there care about Ethereum? I dont. Most are after the return and Ethereum is where the action is. If it was elsewhere, that is where people would be headed towards.

As for the wintesses, they are doing what they are paid to do, run the blockchain. It seems everyone wants them to be the "leaders" of Hive which they are not. In fact, it is evident most are not really able to run businesses. They might be developers yet are not ones who know marketing and growth.

If people want a change, that is where buying the tokens comes in. Stake changes the power of one's witness vote. So the question is who is going to do that? Ultimately, it will come down to those at the second layer who have a vested interest ie the builders.

As I wrote on a few different occasions, Hive desperately needs a couple more wealth centers. Right now all the wealth is in the Hive token. If we have a few other projects take off, like LEO is doing, suddenly people have a lot more resources than before. Suddenly, they have more of an interest.

Hence, they might be willing to power up to support, for example, Leofinance as a consensus witness. That would start changing the power structure of Hive. Get 5 or 7 witnesses in, and suddenly the entire situation changes.

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(Edited)

I do understand the basics.

Most are after the return and Ethereum is where the action is. If it was elsewhere, that is where people would be headed towards.

The crypto crowd focusing on the crypto crowd doesn't seem to notice how the crypto crowd doesn't seem to care about the crypto crowd or the projects, only the personal gains. Take the money and run.

What I like about Hive is the fact it can appeal to the rest of the world, since it can offer something most people enjoy, and those people have a lot of money. I look at that market. Not the candles.

As for enacting change. It's pretty damn expensive to buy a decision here, which is good for the security of the chain, of course. No chance of a hostile takeover. So we need to work together towards common goals. Even that little consumer spending 20 bucks needs to know where that money is taking them.

Anyway. Good talk.

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I'm just confused as to which direction Hive is going.

Welcome to the world of decentralisation without leaders or an entity that takes the leaders role. That's where HIVE got into when splitting of from Steem. Not saying the leadership team at Steem (STINC) was so good for the chain.

LEO is centralised, a team of people who create the tech, and think of ways to market the community. Any successful service requires organisation. I think this can be done in a decentralised way, but it requires serious individuals, with great ideas, but even more, with passion for what they do, commitment to make the project a success and experience would be a good bonus. I think most of that is lacking at HIVE, and most to all of this I do see in the LEO team (and community).

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Decentralization doesn't mean chaos. No single point of failure is all it means to me. Decentralization doesn't diminish the opportunity for an individual to rise to the occasion.

Hive is the NHL. LEO is a hockey team. Creators are the players. Consumers are those thousands of people sitting around the ice and without them, there's no NHL.

;)

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Decentralization doesn't mean chaos

Agree, but structure needs to be found. Something that is not available in HIVE, or when so, its quiet about it. Decentralisation requires better systems to communicate and to connect people. I tried to connect with relevant people for some of the idea I have, the network I have that I bring as an asset, and in need of some other roles, but absolutely zero response: not publicly not in p2p chats, and I've done my best as you may be able to see in my post history (the rest is more difficult to see, but believe you me, I tried). Am a bit tired at the moment trying to organise and bring some great idea into reality.

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Frustrating hey! What's worse than zero response is being shot down and made to look like a fool, then years or months later seeing a few ideas come to fruition successfully, on other goddamn platforms LOL!

That's politics for you though. I've been pointing out this market of consumer money since long before it became commonplace to see an artist making thousands selling digital units or streamers earning thousands in tips within minutes, on other platforms. Been screaming "market this platform to consumers! It's a better deal to them!" forever. But instead we got, "No no! We need to downvote successful acts and get them out of here in order to protect our precious reward pool from these dastardly pillagers of doom! Then we must go on Twitter and attract more content creators since for some reason we keep losing people to perform in front of empty seats!"

Oh my god my sarcasm is going to get me shot one of these days...

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LOL LOL .... cant stop LOL .... but indeed, very frustrating!

Oh my god my sarcasm is going to get me shot one of these days...

Keep on doing this! We need humour, and the black kind is cool to me! :)

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