Why We Want People From The Poorer Countries On Hive

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(Edited)

▶️ Watch on 3Speak


On discord someone brought up the point that we do not want people from the lower economic countries because all they do is take their earnings and sell them on the open market.

In this video I discuss how this view is not accurate and why we want thousands of these people on Hive. It is easier to sell a product to someone who needs it as opposed selling them something that would be a want.


▶️ 3Speak



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Your current Rank (18) in the battle Arena of Holybread has granted you an Upvote of 17%

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Bang, I did it again... I just rehived your post!
Week 33 of my contest just started...you can now check the winners of the previous week!
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Very well said, we do need people with needs and dedication, at least, at this stage, and what could be the more compelling argument than the financial one, which keeps them sincere to the platform to their core.

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It is amazing how much one is dedicated when the basics in life are on the line.

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This is very true when your basic needs are at stake - you put everything or everything. More like me if you have a two-year-old girl who needs to insure her food. She strives every day, every moment.

Very well said.

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Just an observation. The minimum wage in Brazil is 1000 reais, or something like 200 dollars. I think it is in Venezuela that the minimum wage is so low as 1 dolar because of the huge inflation there.

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You might be correct. It was probably Venezuela.

We have a lot of stories coming out of each of these areas, so they get mixed up.

Either way, we have the impact to help a lot of people.

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But I would prefer if Brazil did not have a minimum wage. It is counter productive to the economy of a country.

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If people in economically challenged countries start earning money from hive bringing them a little bit more out of poverty I think that alone is amazing publicity.

If enough of them end up using hive you could see hive become the currency of use in said counties.

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Yes and over time, they will stake some as they go along.

It will all lead to more activity and network effect.

We could only be so lucky.

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Great point.

Whoever said that shit on discord has probably never gone to sleep hungry, has probably most of his life drove his own car mostly new ones of course, ate too much in restaurants and too less on a park bench with his hands dirty and entered the crypto world because it's fun and currentky a fashion to HODL BTC, he considers himself a one in a million out of seven billion and he thinks he knows crypto.

I have read posts regarding this topic and wrote a post about a month ago which was entitled understanding the third word Hive's selling pressure, if my memory is helping me, touching the same sensitive situation and distorted views around it.

One dollar is not the same all over the world. I can almost live with $400 a month in here, all costs included, and you won't even be able to get a rent with that amount in Germany and that's just referring to Europe.

I absolutely hate shitheads that judge situations they never been in. What's wrong with selling a token that you earned after all? It's your damn property now and you can do with it whatever you feel like, or need like doing with it.

These types of people that only see their approach towards HIVE and LEO as being the best and judging the ones acting differently are nothing more than cult members for me and I've met different cult members throughout my life, most of them had limited views and you can't have unlimited potential when using a limited view.

As I said it tens of times I will repeat it again: community is what gives most of the value to this types of attention rewarding tokens and often times communities involve all sort of people with highly different backgrounds and life situations.

I had a few months, like for example at the beginning the pandemic, when luckily I was able to sell STEEM and HIVE as well, when I was living off of my blog activity, no other income. If I wouldn't have had some savings and the opportunity to make some good money during the summer I'd probably still be selling all of my rewards now. Staking makes no sense when you have bills to pay and other necessities.

Luckily I can afford to HODL and stake for some more months and by the time I will need to sell some rewards tokens the price might be double than it is now and I'll call myself lucky, but not all are lucky enough to be able to make a living for three or four more months while staking their rewards for all that time, and only a fool would judge them.

That bozo that wrote on discord what you mentioned in the video is worse for this platform than the third world users that sell their rewards as soon as they get them. Don't want to offend Americans, as I met quite some nice and clever ones in here, but some should at least imagine that there is life outside America, if they haven't been to other countries, that there are plenty of us that are not English native speakers, before laughing at a broken English, because that broken English is definitely a second language for that fellow, or as in my case the third one, while most of the Americans only speak English.

Empathy is what that guy needs the most and that's what I wish to him. With this type of thinking though he'd better take his shit and move to Steemit and become a steemitan. Time to go to bed now, after this long sausage of a comment full of frustrations and anger...

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I feel like you got frustrated at that. It is very true when you know of needs, the worst thing that you demigrate or point out for living in a poor country that the corrupt government seized its wealth and impoverished it.

It is true faster to sell a product to a person who needs it to another who wants it.

Very good what you said

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What do you call someone who speaks only one language? An American.

By the way, there are plenty in the US who have a tough time making ends meet. They are often overlooked by the ones who have more money here.

A lack of empathy exists all over the place.

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People need to learn that the America they see in television is not the America that is real.

I understand that the poor in America are more rich than the poor elsewhere - I also understand that the 200 acre park 1/4 mile from my home is loaded with hungry homeless people.

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I think the poorer population is essential for HIVE, people in richer countries can drive the market, but it takes a handful of good influential creators to really influence where the growth goes on the chain. Many creators that I've seen are not from the US or Europe and they provide some of the best content on here (and get ranked high as well). There may be a bias between people who speak particular languages (English does well on Hive and so does Spanish), but that's due to their communities dedication on the chain.

Everybody has a chance to grow, it does take time but it does workout with DPOS.

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That is a great analysis. We do need all involved. Each area has its own unique flavor that has to be catered to. For now, things seems to be centric to the western world but that could change quickly.

We could see the poorer populations enter and really add to the ecosystem, set up communities, and thrive even more than the rest of us do.

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(Edited)

Poor people are exactly the people we want. The whole point of employing people is that they bring more value than they extract. This is the entire premise of wage-slavery and corporate capitalism.

I have met a dozen devs that would be more than willing to work for $10 an hour.
You can be damn sure that I'll start hiring them if I'm crypto-rich.

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I have met a dozen devs that would be more than willing to work for $10 an hour.
You can be damn sure that I'll start hiring them if I'm crypto-rich.

Without a doubt. It is amazing the potential and how it all feeds upon itself. Imagine what you could do with the resources to hire a few devs at $10 per hours to build out a few different projects you have. Then consider what said projects will give to crypto and how much more that could generate.

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If we have only a tiny fraction of rich people holding only hive how do we convince the mass that we're trying to adopt that hive provides total utility and diverse use case? Definitely we can't. Inasmuch as we want people to holdl it's their property and choice to spend what they've earned

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Yea thats such a shallow claim...sounds like the people w/ that kind of selfish mentality is who Hive should really worry about being on the platform smh

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Seeing people earning money that makes a difference to their lives is a great inspiration

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thanks, massa...lol

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(Edited)

keeping you in wet lentils makes me feel like jesus!

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There is no doubt about that.

Being involved in something that can change the lives of so many, quite easily in fact depending upon the area they are in, is truly motivational.

This is something that more should focus upon.

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I never had this optic of the users that should embark on Hive in general and LEO Finance in special. You brought everybody with their fit on the ground and silenced the bias of the voices against poor or not invested users. The blockchain itself should be borderless and no matter the reason of anyone from here, if it brings value to the platform is welcomed and should be appreciated for their involvement. So please onboard people from any place of the world and improve your life and thrive financially based on your own merits!

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Meritocracy and oligarchical structures tend to clash...bugger.

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It is why I feel different wealth centers need to be created on Hive so as to change that.

This is taking a while but the second layer is starting to have an impact.

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"Crypto Saved My Life" is a compelling story to be told and if that isn't a use case, I don't know what is.

Get the basics taken care of: food, clothing and shelter. Post, comment, stake, upvote, now your family in a developing country can live with some stability. Next up after you've found your footing after selling some of your rewards, is the time to think about growth and staking your tokens to support others. The virtuous cycle goes on and on...

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Yes statements like the one you mentioned here from this person" On discord someone brought up the point that we do not want people from the lower economic countries because all they do is take their earnings and sell them on the open market"

To me that shows a great ignorance to how value transfer works. We keep forgetting its not that actual digits on a screen that make you rich or determine your value. It's the actual resources.. skills and labor.

So in the West or richer nations. We treat crypto like a gambling casino. It's a speculation game. There is no real significant use or purpose. I go through my days not running into anybody who had to use crypto to buy anything. Not even micro things like a cup of coffee. So there is no real sense of urgency to use crypto. There is no great commerce network. It's just buying bitcoin to buy altcoins to go speculate and gamble.

Now in the areas where crypto is really needed these developing nations. The tragedy of the commons is the very people who need to use crypto the most to manuever a decaying financial system often times don't have internet access or sufficient equipment. So they are being locked out to a certain degree. The biggest saving grace is cheap smartphones.

So the issue isn't about they don't have any money and they sucking money out of the economy because they have something just as valuable.. skills and labor. The problem is our systems aren't properly setup to facilitate and accomodate them. So they value can be properly extracted. That's why projects like i head up Bitcoin MYK introduced a task workers program so their labor can be traded on the open market against our token. That value converted and moved over exchanges.

So many crypto projects i'd imagine think like this person don't understand the real example for crypto may have to be first set in these countries. We don't really need crypto in the west in any form of urgency. Are you kidding me? People when they lose their money they going to be praying to some banking institution to call to recover their funds. People still want their hands held. We haven't grown up. We still want the politician to solve all our problems who could be a mad man and has been. We still want them to solve all our problems so we don't have to. That is easy and everyone wants easy.

People don't wanna think or face reality. So these places these developing nations they are the ones who are really using crypto. They are the ones we need to make good wallet applications for because they probably only has that smartphone to do all their business and transactions on. Projects like bitcoin myk that are on awesome functional wallets to accomodate these type scenarios. All this has to be thought about it. Once the problems are solved in developing nations then the west will take notice. The richer nations will then see the power.

This what we're doing here wont convince the average citizen to get into crypto. We can only do it because ubi is good branding for the average person to care. These people lives aren't in the shambles we here in crypto trying to make them believe. If it were they'd be here already. There has to be real utility. The person you ran into in discord is more than likely one of these people who just wanna get rich off crypto. There is no combination necessarily between utility and you getting rich. When i use a usd.. i use it because i need to use it as a medium of trade. I don't pick up a usd going moon!

So the cryptocurrency space is not even in the ballpark. Our thinking is far off of what will need to happen. Those developing nations are the key. They don't have disposable income to be making you guys tokens moon. Thats not what will need to happen. What will need to happen is the proper structure for them to use crypto so they can show the significance of crypto and together as a global financial system address some of the concerns you all mention.

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You nailed it. The totally miss the point treating crypto as a "gambling casino" as you said. To them it is all about buying low and selling high. Moon. Moon. Moon.

If that is the only reason for crypto, there is no need for it. There is more than a quadrillion dollars worth of stuff (financial products) that Wall Street created which can be gambled upon. Go buy options on whatever. They exist for just about anything you can think of.

Crypto is designed for exactly the people you describe: the ones who need it.

So many crypto projects i'd imagine think like this person don't understand the real example for crypto may have to be first set in these countries. We don't really need crypto in the west in any form of urgency. Are you kidding me? People when they lose their money they going to be praying to some banking institution to call to recover their funds. People still want their hands held. We haven't grown up.

This made me laugh because it is so true. The ones who need it are also in the west, they just do not realize it yet. As long as there is still room on the credit card, they are happy. Spend Spend Spend.

Times are changing quickly. Unfortunately mentalities are not.

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Sure and i'm not ragging on making money. I love to make money in fact i use to be the poster boy for wallstreet. The problem is how we're making money in crypto is not sustainable. We have to do all the things i'm mentioning first in order to get these cryptos to have enough value to moon. " To make alot of money, you gotta help alot of people".

Jeff Bezos helped alot of people with amazon. Apple helped alot of people with iphones. Facebook helped alot of people with connecting minus the government cia spy system lol.. but you get the point. It will be no different here. So people in the west yes you're right they do need crypto but it will take a catastrophy to prove it to them. It will take a data breach to prove to them. It will take a financial collapse they can see to prove it to them. So the government has cleverly managed to float this debt i'm not sure how long they can perpetually do this.. It may be a long time though. Until that time happens the people won't listen. The people in developing nations will and i think their use cases will be so significant the west will just wake up and go wait this is a better monetary system i should have my money there. I should be trading there. So if the crypto space doesn't listen they've fallen under this illusion that this will happen naturally i dont know they may be waiting a long time.

Defi its a reason those gains aren't sustainable. It's a reason you losing in these defi projects. So these things have to happen first.

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Amen to all of this.
Just from my experience, Hive/crypto has been a big help, and I'm just poor-in-the-US poor, not a-dollar-is-a-big-deal poor. It has enabled me to pay my bills and get what I need many times. I try and stake as much as possible because I want my time investment to grow, but I have cashed out some when I needed to.
I always point this out to my fellow poor-in-the-west people: I joined right before the ATH in 2017 hit. Just being a little redfish with beans for staked power, I earned the same amount in that high month that I would have at a normal job, at the value it was worth then. That was HUGE to me - imagine what that could do for people where that money would go a thousand times further!
I am here not only to hopefully build income flow for myself, but for everyone who needs it.
I read the book The Age Of Cryptocurrency a while back and I really recommend that one to people who don't really get it. It does talk about banking the unbanked and all those things, and that's one of the things that got me so excited.
Wannabe millionaires can keep their lambos - I want everyone to have a roof over their head and food on the table first.
!BEER

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It does talk about banking the unbanked and all those things, and that's one of the things that got me so excited.

This here is a big step in making wealth creation available to all across the globe. Those with banking services do not realize how one is in the stone age without access to them. Yet, it is taken for granted that it exists everywhere which it does not.

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Wannabe millionaires can keep their lambos - I want everyone to have a roof over their head and food on the table first.

I want everyone to be millionaires.

Of course, the first step is to put food on the table or a roof over one's head. Sometimes the basics are the priority.

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Very well said sir.
The 'entitlement' on hive is suffocating.

I'm a good example of your video...
....4 year later, posting virtually everyday (and not shit posting 90% of the time) and commenting/engaging.

I joined steem/hive to see if I could 'make a living'.

My 'making a living' is $15 a day. Yes really. lol

( I live in a poor country in SE Asia)

I have other income sources if I need to turn to them, so not desperate like some individuals are - but wanted to shift it entirely onto steem (hive) if possible.

I'm glad you raised the 'US vaccum' - it really needs to be pointed out. (the mentality is insular and 'elitist' almost).
'The circle jerk sycophancy' might well be the death of the place.

Great post, matey!

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I think you are seeing a change at the second layer with the different tokens there. Hopefully they will keep growing and cause a seismic shift in what is going on in general.

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Congratulations @taskmaster4450! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You have been a buzzy bee and published a post every day of the week

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

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@taskmaster4450

To me, the true beauty of delegated proof of Stake and the regenerating reward pool is the ability to distribute rewards in dollars all over the world. This ability means we have the ability to help people in their struggle for survival all over the world.

@shortsegments

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The upvote economy is certainly starting to catch up. We have the ability to feed people simply through the upvoting of comments.

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Totally agree with you. It's most important that we grow the community with people that can and will create great stuff. The rest will come because the product itself is attractive and have a thriving living community.

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Growth is the thing that is not discussed nearly enough in the crypto world. Everyone is focused upon price and excluding all else. Leofinance is proving what the model should look like.

Growth should be the focus in all we do. The token pricing will take care of itself.

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I had a similar situation occur when I was intending to start a full onboarding campaign for musicians, radio DJs and presenters for Hive. I was getting interest from professionals in the industry that I'd spent nearly 10 years getting to know.

Musicians already getting screwed over in the current system so advertising an alternative long term revenue stream on twitter, my page got attacked by Hive whales/curation guilds and saying we don't want people cashing out.

Needless to say, all my peers saw this, DM me and say "if that's the approach to music there, no thanks". So closed it down and focused on my own things.

The irony is, the folks who attacked the page, had a pinned tweet saying they earned $10 for posting a selfie. Idiots.

More eyes on is never a bad thing and totally agree with your point of view. If you won't get more users, less content, less stuff to appear in search rankings etc.

I'd welcome any genuine new user, regardless of what they intend to do with THEIR tokens.

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Perhaps restart the campaign but start you own token and community. Let the musicians get together and create their own value.

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Good advice. I think something is happening about that, I've been alerted to it and will be helping out where I can.

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I believe people from low economy countries tend to help hive gain more publicity more than people from higher economy countries and by the way, everybody is quite much more needed on hive

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The idea that people from poor countries shouldn't participate on Hive blockchain is somewhere on the "Let Them Eat Cake" levels of social sensibility.

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It is so good to see "poorer countries" instead of some PC bullshit. Cheers!

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We need to start from somewhere and we all want the token/altcoin to have an impact. The economy behind it isn't only just to hold the coins but to interact with them by spending them in the market for whatever reason.

If the reason is for food, paying bills or as a salary in countries like Nigeria, Venezuela etc etc then it's even better cause actually people's lives are getting better!

Also, there is something called word of mouth and that we lead many people in here, especially from these countries. Soon it will get more and more popularity! With popularity except for general users that will add good content, we gonna also obtain scammers abusers but also investors. We need to be ready for everything!

The ultimate goal is to change everyone's lives and make a better tomorrow!

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Unfortunately, the influx of third-worlders has flooded the platform with low quality content simply to harvest Hive, which will only CONTINUE to weaken the value and make Hive worthless for outsiders to use us as a place to find useful info.

YT is valuable because it's a vast store of useful info and having that content here is how we'll be able to compete and grow. Dilute the useful content and Hive evaporates further into the shadows, just like I'm doing myself.

The only reason I continue to stop by is to power up my passive earnings. I then use that quick visit to browse for maybe 10 mins. Those visits are becoming fewer and further between as the blogs contain little for me to learn something new from.

Hive is becoming overrun with adolescent crafts, gaming video's of little interest and crappy crypto commentary that is lacking anything original. Soon it'll simply be a gaming community, becoming as niche as MySpace, which is no ones radar.

The platform is going in the wrong direct while other platforms are plowing past it and won't survive if the shallow harvesters. Continue to join.

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You are using the old/basic HIVE so you are getting bored.

What would you like to read about? Finance? Sports? Crochet? Recipes? There is a front end for that and it makes it easier to thread through the content.

Also, some of us like HIVE “Overrun” the more the merrier.

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(Edited)

LOL, you are an overrunner, so... All your content can be found in countless other places, with more useful info by other authors. Nothing original to see here.

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I agree with you.

I have been growing my account for years now - everybody who has heard about it says: “cool.”

I look at my account and see a savings account much bigger than I have ever been able to have, but because one month worth of living expenses can wipe it out - it still garners ZERO attention.

BUT - if I lived in La Paz, Baja California where I have family members, me and my kids could eat off of my earnings. It gives ME financial relaxation to know I have reached survival level crypto holdings - even if I would have to move.

All of a sudden, my mortgage doesn’t look so scary, cause I could just up and leave - and still survive and WOW. If crypto can do that for me, what is it doing for others who don’t live in California?

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Summary:
In this video, Task shares a concerning issue he came across on Discord. The point raised was about the participation of individuals from economically struggling countries like Nigeria, Venezuela, and Brazil on platforms such as Leo Finance and Hive. There was a question about whether it's beneficial if these users earn rewards but then sell their tokens, potentially putting downward pressure on token prices. Task emphasizes that there's more to these platforms than just token prices and financial gains, highlighting the importance of the network effect. He explains how individuals from economically challenged countries could greatly benefit from earning even a small amount and how their participation can lead to network growth and adoption. Task also delves into the holistic nature of ecosystems like blockchain, emphasizing that value increases with more participation.

Detailed Article:

Task's video addresses a thought-provoking discussion that arose on Discord concerning the involvement of individuals from financially struggling countries in platforms like Leo Finance and Hive. The concern raised was about users earning rewards but potentially selling their tokens, which could impact token prices negatively. However, Task delves deeper into the issue, stressing that there's more significance to these platforms than mere token prices and financial gains. He mentions the broader impact of the network effect and how the participation of individuals, especially from countries facing economic challenges, can have multiple positive outcomes.

Task illustrates how users from countries with minimal economic opportunities, where basic necessities like food and medicine are a struggle to afford, can significantly benefit from earning even small amounts through these platforms. By bringing attention to the network effect, Task highlights how the growth of these platforms depends on increased participation. He emphasizes that the value of these ecosystems grows as more individuals join and engage, leading to a more robust community.

Moreover, Task draws parallels to established platforms like Facebook, stressing that the number of users significantly influences the value of a network. By focusing on platforms like Hive and Leo Finance, which offer a means for individuals without access to traditional banking to earn and utilize tokens, Task underscores the transformative potential for users in economically disadvantaged regions.

Task further emphasizes the multi-faceted nature of blockchain ecosystems, explaining that the value of tokens isn't solely dictated by individuals selling them. He challenges the conventional narrative surrounding token inflation and instead advocates for focusing on growth and adoption as key drivers of value. Task also emphasizes that the entry of thousands of users from economically struggling countries onto platforms like Hive could lead to substantial growth and transformation, highlighting the importance of addressing the needs of these underserved populations.

In conclusion, Task stresses the significance of looking at the bigger picture and understanding the intricate dynamics at play within blockchain ecosystems. He advocates for leveraging the network effect, prioritizing growth over token speculation, and recognizing the vast potential for positive impact on individuals facing economic challenges through platforms like Hive and Leo Finance.

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