Most of us are here because of the monetary value and belief in the HIVE ecosystem and LEOFINANCE themselves. I know that is what originally lead me to investing and researching in the content creating and social media blockchain platforms. Hell who was not excited about about monetized social media? This even lead myself and a couple of people who are now good friends and business partners to form investing groups and start our websites. We all started a discord together right as the 2017 bull run was forming. The coin itself turned out to be a pnd scam that the person made about 1 bitcoin out of, but we learned a lot of lessons together and made some decent profits. It leaves us in a world though who now is rediscovering what Bitcoin is and how to navigate this world of blockchains.
So how do we do this? How do we look at all the coins out there and know this is a pnd. Where do we separate our time between social media research, NFT's, Defi coins, utility coins, do we focus on coins with fast transactions or coins with deflationary supplies. Where do we draw the lines on our research? Where do we start the research?
I truly believe this is something everyone is still figuring out. And why we here, are at a huge advantage having been through so much already, I do not think that anyone has it figured out. I joined a group of guys in the deflationary craze last year who had started a token and it quickly became very clear that nobody really has a solid business model yet. Everyone was still selling ideas (The same thing is happening in the defi craze this year) about what they where going to do but everything lacked a working revenue model. All the tokens and coins knew who they wanted to be but they lacked a product.
I have worked in the restaurant business most of my life. Starting out as a busboy and going to corporate trainer all the way to owner/operator. This to me quickly seemed like it was as if I opened a restaurant, took everyone's money, promised them the best food they had ever had, but didn't actually have any food or an actual menu or a business plan to make sure I could make any menu.
This has been living on the blockchain over the past couple years. While there are some great companies out there, who have made it work and have it figured out. There has been more of the former then of the latter. This is still the wild west and there is still plenty of money to be made.
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True. It’s all about finding the projects that have real potential and not just hype. The blockchain space is still new and there are still a lot of opportunities out there especially in coins like Hive/Leo where there is still a lot of room to grow. Defi is also another area where new projects are emerging. We just have to be calm and keep our eyes out.
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Yeah I still believe defi isn't sustainable and will go the route of the deflationary token. A couple projects will stay but we will see.
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