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RE: Providing Metamask Users An Easy Option To Cash Out Directly Into ETH May Not Bode Well For The Price Of LEO

in LeoFinance5 years ago

Hmm, interesting angle. I'm not really experienced enough to comment on the technicality of what you say but it sounds logical based on the factors you have taken into consideration.

IMO there is however the possibility of Metamask users who sign into LF migrating to the blockchain rather than staying on the edge en masse and triggering a potential LEO dip. What I'm trying to say is that if users do start earning relatively decent amounts of crypto (this will get more and more attractive as value increases) they will likely have been engaging with content and users who are already on Hive, and thus exposed to the vast ecosystem to which their metamask signup was a doorway. Additionally, if this is the first time they may be using a social media platform on the blockchain (ie earning crypto), they're quite likely to want to continue doing so and thus move closer to the center.

I think large numbers of successful Metamask signups may migrate fully into the Hive ecosystem. Certainly they could still cash out in ETH but may choose not to. There may be many other MM signups that aim for hit and runs with their ETH prize, but these aren't likely to be the ones doing well.

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You may be right. But cashing out into wLEO rather than just ETH is better as the default, IMO.

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Agree with you there and from Khal's reply to you, that was the original option before the hack anyway.
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