They themselves will be able to both invest into their chosen applications or at the first layer of the blockchain, with the latter being through a direct purchase and staking - this could happen through fiat or second-layer tokens for example - but a purchase would need to be made.
Don't you think this is going to make mass onboarding even harder than it already is? Cryptocurrency is not in any position...let me rephrase. Cryptocurrency is not even anywhere near being in a position where the mass population will invest in and stake it, to earn as authors. This change at this point in time will result in hive getting narrowed down to only people who understand and believe in cryptocurrency. I understand this change is inevitable, and necessary, but the timing of this change will be everything.
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Timing is important, which is why I mentioned now is not the time for this, as the infrastructure to support it isn't in place, with the infrastructure being the community condition also.
Yes. One other concern I have regarding the 2nd layers on HIVE is, how most of the tribe tokens have performed so far. Only LEO has provided some sort of stability and only DEC has given users a decent real use case.
And despite this, we have just recently seen how one single holder can manipulate the market for over a month now. I know this ties in again with the lack of infrastructure, especially in terms of community infrastructure, but I wanted to know your thoughts on this. Is this something that should be on the back of our minds when we discuss how far second layers can go?
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Perhaps because most are predominantly still relying on the inflation pool for earnings. Perhaps it is kind of like a parent "chopping up the credit card" of a child and saying fend for yourself?
Perhaps.
This is quite exciting and scary at the same time to me. Maybe the child has so much potential and this "nudge" to fend for oneself just makes him go Boom and surprise everyone. Maybe the child isn’t capable and it all falls apart.