I wasn't exactly sure what I was going to write about today — for the last few days I've mostly been digesting the recent ”flash crash” in the crypto markets, particularly in our local Hive token.
Then I got to sitting down and looking at the many things that have traveled through my Hive-Engine wallet, which — of course — is where we all transact the majority of level 2 tokens that are part of this community.
There are so many I remember going off with great fanfare, enthusiasm and many promises that they were going to be "the game changing idea."
All these months and years later I find myself hard pressed to come up with any that have come even close to living up to their promises, let alone are even alive and doing anything at all.
Sometimes it makes me wonder if I just have the completely wrong approach to this whole thing. Notwithstanding that I'm primarily a blogger and content creator, I find myself wondering if my traditional approach to investing — which is to find something that seems like a promising project, buying into it and then holding on to it until it comes to fruition — is irrelevant within the realm of the cryptosphere.
Are these projects actually designed to fly skywards like a firecracker for a few weeks and then come crashing back down to earth... and that was all the project was ever intended to do?
Of course those are not the promises made by the project founders, but I'm more interested in the underlying intention than I am in the fancy words and colorful white papers that circulate to fill people with hope and urgency. Yes, I just used the word "colorful" in connection with a "white" paper.
Of course for those of us who are investing, I'm well aware that the onus is on us to do our homework and do our own research and all that good stuff, but are we really involved in an industry that is — at its foundation — more concerned with deception, lies, outright scamming people, as opposed to building anything of lasting and permanent value?
Is the actual promise of the Cryptosphere primarily that it is a way to part fools from their money?
One of the things that often troubles me about promising new crypto projects is the fact that they may have all kinds of good metrics, and great optics, and even reasonable tokenomics but they all take a great leap of faith in the sense that they blatantly ignore human nature.
If you promise anybody "free money," (via airdrops, for example) I can assure you that the people you attract are people looking for free money. That's just marketing 101!
As such, aren't we just creating endless scenarios in which everyone leaves town as soon as that bit of free mney has been harvested, and the projects themselves head down that long winding road towards nothing at all?
What do YOU think?
Feel free to leave a comment — this IS "social" media, after all!
As always, a 10% @commentrewarder bonus is active on this post!
Everyone leaves town. It happens in a good story, it happens to the star player on the team. They think there's pastures greener elsewhere. The thing is, the whole lot are just as rotten as one another, and it is a phenomena known as "cutural cringe". People think that the local, the familiar, has no value - and that they must get away to find the profound and the valuable.
They just don't get to the self actualisation phase - they keep searching outward. Writing lets us reach inward. Hive is the only place where we write for ourselves, and not to try and gather the attention of the louts and the buffoons who, like inflatable car-salesmen distract you from what is at the end of the road you're travelling on.
It is the same thing for all of us, eventually - and we'll all get there, but I will take the journey serenely and placidly, as I watch them wave their arms about in panic at every leaf that falls from the tree, and every candle that burns down.
The price doesn't matter if the network operates in the same way.
No it really doesn't. We just have to hope that it stays high enough to where the witnesses don't decide to pack up and go home because "there's nothing in it" for them.
Otherwise, pretty much agree with everything else... people are always looking outward for other things. The challenge (the whole "self actualization thing) is for someone to examine their motivations as an extension of their authentic self, rather than as a cog in someone else's wheel.
Meanwhile, I'm trying to figure out why upvoting your comment immediately resulted in it looking like I simultaneously DOWNvoted your comment, as well (PeakD). Weird...
Edited to add: After refreshing, the downvote remains, but is now anonymous, not mine. Are you being pursued by downvote haters? Or is this someone hating on @commentrewarder?
=^..^=
No, its a visual bug with the latest version of peakd, a hard browswer refresh will fix it (or at least should) Ctrl+Shift+R or / Cmd+Shift+R / Ctrl+F5 / Cmd +F5 depending on what operatig system you're on.
I'm a witness, and it costs bugger all to run a validator / consensus node. I've been a witness for less than a month, and while a full node (which helps the chain actually work) is a bit more complex and requires more hardware than I currently have - it is something that I am strongly considering when my wife's computer gets her next upgrade - because... I'll have the hardware, and there's no point in selling it for a pittance - and I get free power from the sun.
The "thing in it" is the very principle of HIVE, as far as I am concerned. Immutable blog posts. A ledger of ideas.
The immutable blockchain was the initial attraction. As a long-time content creator, there's nothing I dislike more than checking in one morning only to discover that the hosting site went bankrupt and took six years' worth of published work with them down the tubes. OR checking in and discovering that my stuff is suddenly taken hostage behind a paywall. Image host are particularly bad about that last bit.
Thanks for the explanation behind the mystery downvote.
It's not much, but I'll toss a vote at your witness. I like to support those who actually engage with the community.
=^..^=
Just in case Hive ever does go down, I developed a tool recently that lets you download your (or anyone else's account history) as well as a whole bunch of analytics on the content.
https://holoz0r.github.io/HiveReportCard/
It will grab the posts from the Hive API, download them, analyse them, and give you the option to download a CSV / JSON of all the content published.
Initially, I just wanted a tool to extract all my prior posts to make referencing my prior posts better in my local "Writing" database, but then the data nerd in me went from one thing to another.
It has probably too many features now. I keep telling myself it is complete, but I keep thinking of new tings to add to it.
That's really useful sounding... I'll have to check it out! Hopefully things around here will never truly go upside down, but it's nice to have a backup plan!
=^..^=
Thank you for the support @ewkaw, appreciate it!
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