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RE: Community Token Talk - The Cutting Edge of Web 3 - Ep. 10

in Threespeak3 years ago (edited)

I know/see a lot of the underbelly of crypto. I've been more & more focused on Hive as I see it having long legs in the climate to come.

The first thing whales look for is an OTC deal. This is standard in all markets and is something that collides with web3 in a big way. Web3 flips the investor's mentality upside down. Bitcoin proved this, you didn't need to hit up Satoshi for an OTC deal, and it took investors a LONG ass time to get in. Everyone asked why it took legacy investors as long as the time to get into BTC (Saylor being the "bluechip" here) - because of the above; there was no OTC or premine.

They do a premine, choke supply, artificially raise the price to ridiculous market cap, and will die via death by regulation and free-market awareness. The OTC deals will dry up due to regulation. People will realize owning a centralizing amount of coins on a coin voting system is not the responsibility they want, & that will be the adapt or die situation.