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RE: 1000X: Why I Am So Committed To Leo

in LeoFinance2 years ago

Just always remember to ask yourself, why does the LEO token have value?

Why would anyone be continuing to buy LEO off the market when this potential influx of people earning money from commenting becomes a reality?

If you can answer this, then buy and stake all of the LEO you can get your hands on.

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It is obvious. This is also the two pillars that we need to focus upon. Development is one and network effect via community is the others.

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yea, i don't know because commenting can somewhat be a skill. still feels a bit niche for me so i wonder where the money would come from.

The money comes out of thin air. Remember, this is all magical internet money that we make ourselves.

But the question you need to be asking isn't where the money comes from. It's why the money that we're creating out of thin air has value?

The most basic reason being that it gives your content influence inside an extremely targeted, niche community that generates a lot of hits.

feels like an overall hive issue as far as payment gateways as well.

Why are we so focused on making crypto something you spend on every day items?

That is not and never will be the role of HIVE or LEO.

There are numerous, simple ways to now move your HIVE and Hive layer-2 tokens into fiat to be spent on literally anything in the world, if you want to.

This is not an issue.

Focus on building demand for these tokens for use within our network.

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That's fair enough.

I'm just asking the questions that investors need to answer before blindly loading up.

Some may answer them differently to you though.

The important thing is that they have an answer before buying, or dumping like you.

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Yep, Hive is trapped in an echo chamber and lots of people don't understand why HIVE or LEO has has value.

Right now, there's no denying you're right about how small and niche the blogging aspect is.

But it's an extremely simple and most importantly scalable aspect of the business.

Like you said, I encourage people to DYOR, come to a conclusion from that and invest accordingly.

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