Posts

avatar of @mykos
25
@mykos
·
·
0 views
·
4 min read

You seem like a nice person. So i wanna come at you with decency and respect. I'd say i agree with Billy Markus but i'd take it further. I'd say it's more like 97% of crypto is scam and assholes.

So this is not a gut feeling response. What it is based on is data collected by independent research teams that later filed the findings with the SEC that 97% of crypto trading is wash trading.. That means it's not real trading .. it's propped up nonsense. Which then means only about 3% of it is real.

The problem with that miss boss karin is that if the money isn't really there. What happens when i go to get my money is i find out it's not really there and the markets crash as they do quite often. Obviously due to a lack of liquidity. not really a problem so much with birtcoin.. still volaite but btc can absorb quite a bit which is why it's king although not perfect.. certainly better than all the alternatives.

There is a corelation between the assholes and scammers that leads to such events. I wouldn't totally knock hive because i'm aware it's given some people especially newbies a good first introduction to crypto in a more digestable way however the blueprint is somewhat impactful in the same way.

As to say, before i began working on wallstreet.. in college i recall going into these article writing jobs online that were said to be about 95% scams, lol. As they were often times it wasn't a job you'd write something they'd give you nickles and cents and most people would leave them as a waste of time. Now hive reminds me of those programs although i would say it being on a blockchain having multiple uses as you mentioned probably aren't going to be as significant as the blogging and that's because blogging is a bit more mainstream and that's why even the best app hive has still in comparison to your worse crypto is still volume wise relatively insignificant and that i believe is because you have more bloggers than gamers on hive or interested in the games on hive and the other apps.. Which is just the data.

Now obviously the answer is always going to lie in liquidity. how do you achieve liquidity. In my theory you achive it by growth. Growth is an indicator your product is of use and interest to the general populace.

The projects i've founded have in recent years their area attracted big names like Jack Dorsey, Elon Musk, Zuckerberg and even Vitalik has donated millions of dolllars into ubi programs or what i call the citizens dividend. That can attract growth and as well create a stable currency much of the globe can use and those are likely scenarios into the future.

Now the problem with hive is that it's kinda this in idea decentralized blockchain with no real direction to go per se besides where we take it.. So it depends on apps but in reality it's probably likely apps like mines will spark the audiences and conversations and my prediction donors of these type not only people but institutions which are needed to provided the liquidity and stability in reality.

So i'll close with this. Hive isn't the worse blockchain. it doesn't contain the worse assholes. What it does contain is a mechanism that magnifies and exaggerates the biggest of the assholes which turns people off. Of course i'm speaking about the influence system.

So although it i believe the best thing working for it is the idea of the free transactons.. The problem is the influence system is actually a barrier to entry. It's such a huge barrier that i predict that as many people show up here that many more people will leave here. So i'm not sure what the workaround to ath is Even my project can't completely solve that because it's multichain so it will come down to the chains and the people on the chains to decide which version of our project should be the focus on their perspective chains.. However a person who creates a sht coin to make money using market psychology to scam people doesn't mean they are disingenious.. it could just mean they are able to exploit the misgiving of others and use that to whatever end they so choose. Richard Heart of pulse chain created a billion dollar project that on purpose was formulated to look like a scam although it wasn't because the psychology of people in greed and shortsidedness of give it to me now has them go after scams for quick money. So it backfires they get left holding the bag. Although that may make Billy Markus unethical it doesn't make him a liar or stupid. It just means he's found a way to exploit other peoples weaknesses however i'm just glad he atleast admitted to the level of shitcoins and he should have did what charlie lee did and said himself included in the mix.

Posted Using LeoFinance Beta