Splinterlands showed us it could be done before they fumbled the bag.
They really pumped the price for everybody last time around.
Hm yes but was it Splinterlands or their unsustainable broken Play-To-Earn mechanics that pumped the price of a Hive token to the exact level it costs to mint an account? It should be heavily noted that Splinterlands charged new accounts exactly $10 to prevent rampant botting. How high did Hive get? Around $3.33. How much does it cost to mint a new Hive account? 3 Hive. The math is devilishly suspect on this one and I've never verbalized it until now. That pump could have easily been caused by scammers during their scam. All speculation of course.
It was $10 to get an account but you also get credits to spend in the game with your account. And it was $10 since the alpha days long before the play to earn hype of the last bull run.
They couldn't mint enough accounts from their own stack and spent a couple of million to buy hive from the market and mint new accounts at the peak of the game. We were already in a bull market but that combined with people buying hive to spend in game was the biggest reason that we saw $3.
They crashed the game by flooding the markets with chaos cards thinking that the bull run was going to keep going but instead it killed the scarcity factor of the game, killed the rental market as everybody had access to buy cheap cards and the bots were printing the reward cards in huge numbers.
On top of that they kept flooding the market with new items like validators and promos into a bear market soaking up whatever funds could have been used for the card markets.
The bots didn't kill the games momentum but the printing of assets did.
They weren't the sole reason for the last pump but i do think that they were the biggest reason for it.
lol nice explanation I'm not even gonna try to stumble down that hole.
Spoken like someone who was actually there and lived it.
soooooo yeah back to the original topic it will be very nice if we can streamline development and get some of that consensus and collaboration. EVM compatibility may prove very important... I don't know there are so many ongoing projects that need to deliver it's just very frustrating to wait for all the soon™ products.
I just wish that i could code. It would be nice to try and build instead of just complaining for a change.
At least 3speak seem to be on the verge of launching a new type of community and vsc are getting places on the EVM compatibility.
We've spend years hearing soon. Who knows, we might actually live long enough to see something big happen.
It's even more frustrating to conclude that once you start learning to code you realize that getting a project completed on your own is difficult if not impossible. This is why teams and foundations exist. And then that requires organization, leadership, funding, and politics.
I've always talked about the need to decentralize this process and create training programs to help anyone on the network learn how to do this stuff. Unfortunately THAT is even harder than just making a centralized company.
I looked at it once.
Then i ran away screaming.
It was a wise choice i think. :D
I will just have to wait until hive pumps my bags enough that i can leave my job and hire people to build for me. Then we can build even more and pump the bags again. We just need the first wave of success so that we can bring even more.
Ah yes the old chicken and the egg bootstrapping problem.
Which comes first? The money or the development?
Will be interesting if AI lowers this barrier to entry.
Hey fwiw, mines not "soon", its up now, and all hive based, but its gonna be "soon" before its even more capable than it already is, but its capable now, of being used to build content, audiences and connections and accept tipping and sell subscription based patronage to each other.
Does it have a long way to go to rival youtube or twitch? Sure, I am just one guy and its only been in dev since the idea hammer hit the forges of creation about three weeks ago but its been live for over a week, and has already gotten early bird lookieloo users signing in and on, with one or two actually trying to get it going and use it!
Soon it will do more, soon it will offer more, soon it will be even more chain integrated but today, it works for hive/hbd and for tipping also engine tokens too.
I am also talking to other more advance projects about integrations and collaborations to extend all our products and also make some of them more compelling to use, more cross-eco-system cohesive and just overall intertwined better for users using them.
But as of today, HSL is useable for its intended purpose. Just nobody much knows about it yet :) I try, but I only have so much reach and influence to get the word out.
As for money or development first? It's self funded and will be self sufficient over time, and in the meantime, I am personally funding it, laboring over it, paying for the servers and not asking anybody for anything at all. I'll get to that, but it will never be a proposal for the community to pay for my business to stay alive. THAT you can take to the bank.
Short answer, development came first for me.