I got on STEEM at the same time in 2016 and the way I found out about it was it shot up to 3rd on CoinMarketCap and I was like what is this..... Started doing research and did an introduction post which got a decent upvote. Within a couple of months most people left. The price crashed from over $3 clear down to $0.07. It was brutal.
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ah right, it was a top coin once... Thx for sharing! 3-0.07 is crazy is brutal yes. Coinmarketcap still works for promoting projects. Even if it is only featured in the recommendation. Getting on the first site of CMC could also boost visibility. I wonder if the Hive promotion campaign has considered this.
Not to talk negatively because there are some cool things that have happened with HIVE but it is very misdirected and most people have learned to keep their money away from HIVE because of a lot of the Witnesses that are in control. They just have this chain setup to feed themselves and direct proposals towards themselves and their buddies.
LeoFinance on the other hand is taking a more respectable path to creating something that can actually grow and create a return for the community.
Nice profile picture by the way! This was me at the ski slopes recently!
That doge 💪 nice
Yes, sure it is not governed by expert systems as in futarchy systems/prediction markets where you bet on the outcome of your proposal. Like, "my marketing campaign will increase the number of users by 10000 - deadline 6Month from now" and depending on whether you over or underestimated, your reward goes up or down. Vitalik Buterin writes a lot about those systems because they are collision resistant...but you need smart contracts for that. So sure, right now it is a popularity contest and probably have some degree of abuse of funds. You made me curious for Leo finance, I will look into it. Thanks!