I was wrong.
I was definitely wrong.
This was what I wrote the other day on LeoFinance Discord. Right after the post where Liquidity Providers will be refunded in the next couple hours. I was expecting a massive dump. People who provided liquidity but lost their tokens due to the hack. You know, I expect some people to lose their trust in the project and the whole token and just dump all their refunded LEOs... I was wrong.
A couple hours after this post, I checked to see nothing had happened on the market. Because I was tired, I decided to call it a day and go to bed. Today... as soon as I woke up, I checked the market only to see LEO, forget dumping, actually went up again. From 1 LEO/1.06 HIVE to 1 LEO/1.2 HIVE on average! This may seem like a small sum but considering more than half a million LEO has been refunded to liquidity providers, this only proves that not only people didn't sell their LEOs, they actually bought more!
This is a crazy thing to witness and makes me happy. It shows how much faith and trust the LEO community has in Khal and rest of the LEO team. With the upcoming "brand new" launch of wLEO, I am sure the price is going to go up. I like the idea of having a "cold-wallet" with all coins minted. While it definitely does not mean 100000% security, it's still better than having someone gaining access to the keys and minting fake LEO.
The reason I am powering up LEO and buying more whenever I can:
1 - MetaMask registration, will definitely increase the number of users LEO has. Easier onboarding, one simple goal.
2 - Future LEO projects.
3 - Awesome community.
4 - Transparent team.
I think LEO, hands down, is one of the if not the best HE token out there. Even without the HMTs, it only goes up. This benefits HIVE as well as LEO is running on HIVE. In the future, when HMTs become a thing. It's going to be even better.
Just my thoughts after seeing the announcement/LEO price today.
Indeed! I also will stake most of my refunded LEO and buy more!
I know the answer WHY things went this way.
Because Khal (and his team) is DOING THINGS RIGHT !
Posted Using LeoFinance Beta
One thing that I think the hack showed is there is a great deal of technical expertise among the LEO community. Including yourself in that group, the number of people who stepped up to dive in and determine what happened is astounding.
It seems that many like to attack the technical people on Hive, especially those who are non-technical. But the time and effort required to go through lines of code is tremendous. I am sure it is a very tedious process.
As for the gist of your post, I agree, Leo is much stronger because of this. We see the community coming together in a way similar to when Sun tried to exert his will over the Steem community.
It seems that nothing brings us together as much as an outside threat.
Posted Using LeoFinance Beta
Yea I had similar thought as well and was hoping to pick up some cheap LEO, no such luck! :)
In business success is contagious.
Thanks!