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RE: Avalanche of FUD...Not!

in LeoFinance3 years ago

I'm the same as you. I don't rely on Hive and it's a hobby for me so like you I just power up what I earn and put the liquid Hive into Splinterlands. The community are smart. The fact that we are decentralised is nearly a massive experiment but I am finding greed always comes through in these systems. Steem was a shitshow but its not all rainbows and sunshine here. I read a post the other day where there was a DHF proposal where someone published a proposal where they earn an amount of HBD per day to fund a dummy project which returns the HBD after 1 year. The project is a front. This HBD is put straight into savings earning 20%. At end of year the HBD is given back and the interest earned is pocketed. There's another project paying to have a rally car wrapped in the Hive logo. We didn't just pay for the marketing but we paid for the entire car which is around $50,000 converting from Hive. I fear with all Hive going to Binance we mightn't be around in 10 years. That would be my main concern about investing more in the community.

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Wherever you find humans you will find a wide variety of behaviours.

Hive is indeed a very large social, political and economic experiment that is live 24/7.

The community is self policing so anything that is considered unfair is usually found out eventually.

What can be done about this unfair behaviour?
That's another question.