What is good folks, Hope you all are doing well, I am doing alright my self.
An image I generated with AI
If you know me, you know I either keep my mouth shut or a speak the truth, and I been keeping it real with you all, the faith in hive has gone down the drain, man's fell in love I don't know what to say, It's a cool vision we was selling out here but the math was never mathing, Don't feel too bad this is next level scam territory, fucking Dan (the dude that made steemit) 🤣 and what is hive? A slightly more decentralized variant...
But it's not even about any of that, centralization was never the root issue, the root was a logically unsustainable system.
I was of the belief that hive is the pinnacle of free banking, and I still feel that way, hive engine and the hive backbone make the most accessible token ecosystems every created and that is a messy but beautiful thing in my opinion!
That is all fine and dandy, but that is not the root issue!
It is actually fairly straightforward if you look at it.
What is crypto even about, government bad they just print money and our buying power goes down the drain...
How you think you getting any of these rewards on this chain ?
Hive Money Printer Go Brrr
And that printer attracts with rewards but long term fucks the whole ecosystem .
It is possible to make a hive engine token that has way more sound tokenomics then hive but what is it priced in?
I thought I could be slick make a bot script and make a Hive engine token that would be sold for HBD value (would still be selling as swap.hive but the bot would auto adjust the sell price to reflect current hive/hbd price) That would certainty help in protecting the value of the token sales, and that is still something that many folks may still find useful and could be build fairly easily, I already made and tested the scrip, but what is HBD... it is all in the name and sure it give us way more cushion for market turbulence but it's name hive backed dollars! That thing we just keep churning out with no end just some slight reduction....
Well damn ain't that a doosie, I don't know why I did all that, I simply wanted to say
I am shutting down the Hive bullion exchange
Thanks for the little business I got folks was nice but I am not trying to put in more funds into this chain 🤣
I am still sticking around but at a much more lax and lower capacity
I am a financial advisor ! If you can't take personal responsibility for you investing, I hate to brake it to ya, but you ain't nothing but a sucka, you supposed to lose your shit.
@bitcoinman's bits of wisdom
- Invest only what you can afford to lose and be mindful of the potential risks.
- Unless you can accept delivery stay away from futures and stick to physical.
- Leverage is a great tool for losing money fast.
- Numismatics for the lows stick to smart stacking baby.
- Be cautious of new schemes in crypto, like ICOs, DeFi, and NFTs, do your research before investing.
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| Day | Post |
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| Sunday | Table silver series |
That's it for today's post thanks for stopping by your support is truly appreciated.
That's a bummer you're shutting it down, but I totally understand. Esprcially with silver and gold prices far higher than amyone could've predicted, it seems like a no-win scenario.
The token idea sounds interesting and could still be a fun side project.
!BBH
!PIZZA
!ALIVE
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Lord knows you tried.
Perhaps one day, it MAY have it's renaissance and it's rebirth.
!PIMP
So to hive succeed it would need to end the post rewards with Hive hehhe, but theb everyone leave hive 🤣
The idea is interesting bring it on!
!PIXY