RE: Shortsighted Milking Of The Tribes

We just keep going around in circles...

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Why does HIVE have value?

Because HIVE allows you to transact on a decentralised network.

You need the token for resource credits to use all of the cool dApps built here.

So people are always buying it.

Everyone gets this.

Add the way emissions and burns work thanks to account creations and HBD and HIVE already has a nice supply/demand balance.

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Why does Hive's layer-2 tokens have value?

But nobody gets why Hive's layer-2 tokens like LEO, have (or don't have!) value?

You DON'T need a layer 2 token for RCs.

You DON'T need a layer 2 token to be able to have your content displayed on a community front-end.

There are just not enough reasons to buy a layer-2 token.

When you consider that the majority have crazy distribution and emissions that keep printing like crazy, the supply is just always going to outstrip demand.

Yep, meaning they're going to all but zero.

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Is there a way to stop layer-2 tokens from going to zero?

The only way to stop your favourite community token going to zero is for the tribe owner to generate revenue.

Your community is not decentralised and censorship-resistant.

Censorship-resistance is the domain of the blockchain, not the front-ends.

Front-ends are nothing more than private businesses who can choose to print their token, ban you, do whatever they want.

And that's okay because you will always have your followers and data on your Hive account that you are free to plug into a community front-end that you vibe with.

So getting back to stopping layer-2 tokens from going to zero, it's up to these tribe owners to generate revenue and reach a supply/demand equilibrium.

The easiest way to do this on a blogging front-end is to monetise the endless content you are literally paying the community to pump out.

Yes, content has value IF you use your front-end to monetise it.

Money that can then be used to buy/burn your token in order to manage its sustainability.

But if you're using your token to pay for content... but not monetising that content... WHAT THE FUCK DO YOU THINK IS GOING TO HAPPEN TO PRICE?!

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Call to action if you want your community token to retain value

Instead of complaining about people dumping, start pestering your community leader about what they are doing to reach a supply/demand equilibrium.

If they are running ads on their front-end, ask what are they doing with the revenue and why isn't it being used to buy/burn the token?

(This here for LEO ⬆️)

If not ads, then what else is your tribe leader doing to reach a supply/demand equilibrium in the token that they for some reason keep paying to people publishing WORTHLESS CONTENT.

There are so many innovative ways in crypto to generate revenue - Just look at the way the MTB has changed CUB.

But everything hinges on the 1 tribe leader ensuring their Hive layer-2 token's tokenomics are sustainable.

So pester them!

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