Good points made here and i'm going to try not to fall into the trap of speaking too long on this because i've had this conversation many times and i can write an entire book on this. So i'm going to in a summarized way try to hit the important points.

Does Leofinance hurt Hive? How should we view it?

Leofinance doesn't hurt hive in that it is innovation and good competition within the chain to produce better products. However with that said i do believe there are many inaccuracies about how people view Leofinace. The first one being Leofinance success depends a great deal on standing on the shoulders of giants or entities much greater than them. So if you take something like Steem and Hive that have for years taken the frontal abuse of all the growing pains in these dpos systems. Economically and Marketing wise they have done alot for applications who startup on the networks. As to say many applications that came after the flagship applications on the Steem and Hive blockchains are the benefactors because of the sacrifices made by the early applications. However they have set the ecosystem of value making it easier for these products to exist. So yes in that sense Leofinance excells but only as a result of the past.

Again its so much to talk about in this comment so i'm going to keep it very minimal or try lol. Yes Leofinance should be defended. I in comparison to what i make on steem and hive is ridiculous. Leofinance in a short period of time has given me more value than steem and hive has given me since like 2017 or so. So i should be a defender of Leo? Yes and in many ways i am. The issue though is in being a junior economist i have to look at this from a scientific standpoint as well. Although it benefits me a great deal more supporting Leofinance but i think its important that we explore all info on the table so its more helpful to everyone in the future.

So the next part is Leofinance is still very small. What generally happens in smaller pools of distribution is you have better distribution. Even if you go back to the days of early Steemit i'm sure even when hive first started off with its main blogging sites people were doing fairly well. This is like the age old idea of Socialism works in small populations but not in large ones. So that being said i don't know if this is just a golden period for Leo that ends like most others or if its the start of something else we haven't seen before.

Does Leofinance in some way endanger Hive value.

Well here's the tricky part, i remember not long ago reading an article asking the question does Leofinance eat Hive's lunch? So it could be from the standpoint it would seem of some hivians that leofinance is moreso redirecting funds than creating new ones. if that's true then that would not so much pose a problem for the ecosystem as much as the hive stakeholders. So to illustrate Leofinance has kinda now created it's own set of whales if this is true. If this continues then it would mean in a sense the old guard on hive is now replaced by the new ones. I think thats the 800lb guerilla in the room. If you're that guy who's invested alot in these other dpos systems that were key in creating these value systems does it then for lack of a better word get usurped by some other application.

Now in all fairness it could be that Leofinance is pulling in more value. It's on ethereum thats another more valuable chain. So i think all that would need to be investigated and explored. Whenever there is a system in place i don't think it really matters where its at. It could be here on Leo. The bigger benefactors of the system often times like to remain that and not share in too much of any particular golden goose as it were situations lol.

My view is like if a system cost money to run and someone is sacrificing their own money to keep it running and sustaining than they deserve a certain amount of value for their contributions. So i got absolutely no problem with stakeholders and their influence.

I think though there is a broader issue outside of what just people may think about these communities. I think mechanically there are some issues that maybe need to be looked at beyond just the idea of is Leo hurting hive. Such as, in this blogging and social media this is sitll not only a new concept but its one that the world may never adopt. That is paying for social media. I know you all don't look at it this way. However purchasing tokens and these cryptocurrencies are necessary to sustain these networks. However how our social media has worked for the last 20 years is we never paid for it. I"m not sure thats ever going to be something masses of people get use to.

Also in the idea of influence and value which seem to follow one another. In one of the biggest sellling points of these dpos systems which was get paid for your blogs. if people dont get paid or they can earn based on merit then it goes back to something outside of realm of the most appealing quality of these systems. Unfortunately the idea of stay for a smaller community may not be a realistic point to draw people in. So could be that its many things inherently wrong in dpos itself that maybe needs to be looked at.

I think my biggest fear is when i see people in this space forego innovation and better products over money or their bags. This is an unfortunte thing that happens in cryptocurrency but doesn't really happen in a standard economy. To explain a product like Leofinace can be far better than other products on teh chain such as it is. However, the positioning of stakeholders will have them fight innovation and better products to keep positions and money and i've seen it time and time again. it is not a good thing because it stagnates the growth and development of this space. Yet it's never ending. I'm just going to leave it there i think you all see where i've went with that to connect the rest of the dots. I wish Leo good fortune it certainly has given me more than steem and hive and if these products serious about being this new way forward in blogging they'd need to make many changes. if i had to make a suggestion and i've seen products like this on steem that i felt didnt go as far as i believe they could have. An ai system that upvotes posts and to a great degree takes out the human element. So i believe there should be an ai that upvotes the post and i believe stakeholders should be bonded and the mechanism should push to balance a middle class. This is quite conceptually possible in that we're able to design any economy we wish, in the form of it not being an accidental or incidental economy.

Posted Using LeoFinance ^Beta