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RE: Why Most Fail On Hive

in LeoFinance11 months ago

Due to its direct connection with cryptocurrency (and I am regarding Hive as a form of cryptocurrency in this statement), people may bring their associations of a quick profit-making scheme to this ecosystem, not understanding that its function is actually quite different - or at the very least, far broader in scope - than a simple purchase, hodl, and sell scheme. Maybe cryptocurrency as a whole has to mature before people take Hive seriously as more than just a cryptocurrency scheme. This will certainly take time, but if the time comes when the average individual takes it seriously this will help Hive thrive in all of its applications and scopes.

Great insights - and honestly, applicable to many areas of life outside of Web 3.0. Thanks as always. 😊

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No doubt we (the industry) created a mess. The focus upon mooning and Lambos caused a great stir and pulled the attention of regulators. Instead of focusing upon the tech all conversation, even today, resides in the fact that people are going to get rich. There is nothing wrong with that mind you since we are looking at rewarding early adopters and trailblazers which is always the case.

We have technology that changes things and the attention goes to PEPE.

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I like the general humor that's inherent within the cryptocurrency industry, as it's a good way to target a younger audience (memes such as PEPE catch immediate attention). That said, it has to mature significantly further in order to progress in the way that we desire. I hope that as adopters grow older, they'll take the industry and its inherent technology more seriously.