If VCs started dumping money into Hive I wonder how much influence they'd even be able to get. Likely quite a bit, but I'm still curious.
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If VCs started dumping money into Hive I wonder how much influence they'd even be able to get. Likely quite a bit, but I'm still curious.
They could gain a lot of influence I would imagine since there is the governance token up for grabs. Being inflationary does help and the fact there are a lot of diamond hands (Hive Powered up) is also helpful.
At some point, if it got too bad, we could just fork.
Nevertheless, the more likely scenario would be if VC money floated into apps that took over Hive, not so much the base layer. But it is all an interesting thought experiment. Plus it does show how we need to keep expanding and growing the wealth. Make it harder to take over.
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Personally I think if we saw VCs buying, a lot of the whales around here would actually flip all their selling habits back into buy and holding. Make them pay for it. FOMO plus fear of takeover is a helluva combination.
At the same time all the VCs are also going to know that we straight up forked out Justin already, which means aggressive buying might be fully off the table.
The funny thing about LEO is that LEO has DEEP DEEP liquidity.
A VC throwing like $10M at LEO would jack up the price like x10 but they'd also get a huge percentage of the tokens.
The think VCs stay away from things like Hive and LEO because they no that no matter how much money they put in they can't control the project like they want to.