Invest in projects that actually deliver instead of false hype. #500wordsaday
Invest in people and products instead of investing in the hype behind them. Today I saw an announcement about voice. The social dapp built onto the EOS blockchain. Yes that one.....
The app that took $150m to build. That promised the world and has delivered nothing. It promised to revolutionize blockchain apps. Revolutionize crypto social interaction. It threatened to kill off STEEM. (To be fair, if it waits much longer to release then it might get away with that claim). Promises are bullshit. Actions are important. They are beginning to launch now after a long silence but it has been very underwhelming to say the least.
It’s one of the most important lessons that I have learned in crypto and life in general. There are politicians that will promise anything to get elected yet again but once they are in the door will scratch their arses with your money until the time comes to whip up some votes for the next cycle.
In the last crypto bull run, we saw every type of blockchain and project raise funds on huge promises. Whitepapers that god himself wouldn’t have dreamt to put on paper. Yet where are all those empty promises now?? They crashed and burned when the markets hit some trouble. They fell apart at the seams when people examined those promises a little bit closer. For all the promise none of those projects manage to put together product. To build on what they envisioned. So many people got burned by investing in false hope rather than hard work.
We will probably see something similar again but for those who have been through it I hope that we have learned a few lessons along the way.
The lessons that I have learned in the past few years is to back the people and projects that are grinding away. The ones that have built products and then keep adding to and updating them regularly. You can see what they are doing and where they are trying to get to. Now, there are no guarantees in life. The best of projects can fall apart for a variety of reasons but in my mind I much rather the chances of a team that has put in the hard work over a long period of time to one that arrives with a flourish and nothing of substance behind it.
For all of its flaws, we are all entrenched with HIVE. It has survived throughout all of the turmoil and the trauma of the past few years. Even some extra of our own making. It has been updated and refined over those years. It has been slimmed down and utilised by real world products and projects. We have the top ranking dapps. We have a strong community and some of the best technology out there. That is why I keep picking up and adding more to my account.
I keep buying @splinterlands cards as I can see the strength of the team behind it. They continually advance and add value to their product.
I am also in the process of adding more LEO to my hive account. I love what they are building and think it should be the guideline for any community wanting to build on HIVE. They have taken the basic idea of a community and turned it into so much more. It is now a business with multiple uses, sites, utilities and an external source of revenue. They have everything that you would want to see in a project. Watching them increase that revenue week on week is no surprise and it is a token that I wish that I have more of before this. I will change that now but it is great to see a team building a solid project step by step. They have promised nothing but delivered a lot.
I would even like to see HIVE and @blocktrades follow their lead to some extend and add some value to our HIVE tokens by monetizing our content and data. That is the value of an active online community and should be used as a boost until HIVE can stand on its own two feet though it’s apps, games and investment opportunities. I think that those are still a long way down the line so it would be great to keep the price moving in the right direction until then by utilizing the community.
Invest in projects that deliver rather than promise. That is where true value lies.
