If people sell their HIVE for another token, that's not good for HIVE. If people are more excited to stake another token instead of HIVE; that's not good for this token. And right now, with 400 sats, I'd say we need more pure commitment to Hive; not less.

That's a short sighted view, IMHO. The more successful a 2nd layer project becomes, the more likely it is that the app owners/stakeholders in that project will want to also stake HIVE to protect their investment. There is no reason to lament some people who own HIVE swapping their HIVE for LEO.

There is no reason to create a conflict between 2nd layer apps and the base layer like that. It's completely counterproductive. I can guarantee you that once there are 100 thriving apps like LeoFinance on Hive, there will be buying pressure on HIVE as well.

Posted Using LeoFinance ^Beta