Hey you're actually right. it's a theory that seems to pan out that if groups don't allow short term gratification and just hold the coins. The value will increase. So what often times happens is that whales and people buying influence don't sell the coins. The power up feature also slows don't sell pressure. so yes that works.
I appreciate you wishing our project well. To me the project already surpassed my expectations. people have invested tens of thousands of dollars in my project and it was something i came up with on my own. who would think a free coin could generate thousands of dollars of people buying it.. truly amazing.. with no money spent on marketing. i designed the site and system. so i think that's awesome and i'm happy to participate in the project.
I'll send you some more bbd coins for the upvote. i think we're going to go back to doing upvotes for coins as well. so thanks alot.
In your particular situation i think hive is a great fit. Because you seem to be a skilled writer. I on the other hand suck at writing and many other people, lol. So my only pushback on this system is that it's going to be alot more difficult for new people. I think you have to be a good writer for this to work.
So if it's more fit for writers. My fear would be then you're going to have alot less growth. For instance when i came here like 4 years ago. i use to move tens of thousands of dollars around here. but i don't do that anymore because i dont' believe the system can grow because of the required skillset for people coming in.
So whereas i agree with the structure allowing the coins to somewhat maintain value. I don't see it as a breakout project. Like for example. bitcoin myk without any marketing dollars spent. has nearly 14,000 accounts between hive and steem of token holders. It has over 16,000 kyc registered accounts.
so what i suppose will happen it will grow to millions. my hope is then metcalfe law takes over. it's not a fast income bearing crypto project. So the value i believe is in teh accounts and in the future the payment gateways. Atleast that's why theory but evenso i think it's amazing a free coin that entire idea is to give people free money . has generated tens of thousands of dollars. put money in peoples pockets who invested nothing in. i'm very proud of that.
i think you will do well as a writer here. i just don't think this network can grow. the mainstream will never accept it because it has the same issue as eos.. has the 30 witnesses they see it as a security concern. it's not going to take off. i wish i could say it would. it works for us because of free transactions..but i don't see that as a viable solution beyond writers in this space. i think i'ts fine as well for it to be about writers. however, i'm a bit more ambitious in finding projects to create economic prosperity. so i'm in it for the glory! haha
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