True, but we need a sustainable environment for the crypto. If you don't look at the crypto critically and they are not progressing towards their goal, then it is the same as investing in a declining company. There have many different crypto currencies created and many have overlapping ideas. If I see more potential in one over another, then people easily jump ship. Ultimately the price of a crypto and the success of the block chain comes down to the confidence of it's holders.
I have faith in the things being developed in HIVE and am looking at things in a long term point of view. This is why goals are important. It is fine if there are delays but if there are no valid reasons, then something is wrong. When something is wrong, it is up to the users to ultimately decide whether or not they have faith. Having blind faith is not a solution in my opinion.
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That is why I said the VC mindset. There are going to be losers and we arent going to be right with everything. Yes it comes down to the confidence of the token holders which is why I like those projects that communicate and update. When there is little noticeable happening from the outside, then we see confidence quickly wane.
Leofinance excelled on this end from the start which is why I went in heavily.
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I agree. Leofinance is very open about the development and what goes on. I wasn't here during the beginning so I don't know about how it was then. But I like the current system and goals for the community.
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It was similar back then to what it is now. Khal's approach has not changed throughout the last couple years.
That is why it has been able to build a solid foundation.
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