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RE: The 2nd Layer and losing rewards

in LeoFinance4 years ago (edited)

The only way you can do this is if you have an established second layer.
Leo Finance is a good example of moving in the right direction but its current state is hardly the goal.

Without having the second layer tokens listed on multiple exchanges and them having decent volume before you do this change, HIVE will be a bust.

Changing the distribution model is the very final step.

I always considered therealwolf more of a spineless fool then anything else but hes right about the niche thing.
This change needs to happen, but it needs to happen in the right way. How its done is incredibly important.

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Leo Finance is a good example of moving in the right direction but its current state is hardly the goal.

Definitely needs to go beyond this - but perhaps the global pool is also part of the problem. Firstly, people are still building applications in the hope of earning Hive, not in the hope of onboarding externals and generating value from outside sources. Secondly, the shared pool also means that large stakeholders can directly affect the success of applications.

Without having the second layer tokens listed on multiple exchanges and them having decent volume before you do this change, HIVE will be a bust.

A decent inhouse exchange might start the process.

Changing the distribution model is the very final step.

I agree.

This change needs to happen, but it needs to happen in the right way. How its done is incredibly important.

Yep, which is why it has to be discussed openly, at least to include some of the stakeholders who have a different perspective than just "to the moon" for token values.