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Thanks for the commentary @meesterboom!
I'll preface by saying that normally I wouldn't give a flying flip about one of these communities... but this is one of the few niches that actually makes sense. Art and creativity? That's a substantial and well-defined niche, applicable to a substantial chunk of Hive members. To wit, when I checked (just before writing this post) the token is in +/- 22,000 wallets.
The potential is there, notwithstanding that it runs like a munted shitshow.
If memory serves me right, the OCs only begrudgingly ported the community and token from Steem-Engine after the infamous fork, and pretty much said "here it is, but we don't really give a flip. Have fun!" The subsequent effort by @cliffagreen and a few others was "approved" by aforesaid OCs, but it never really got legs and was substantially hampered by a monumental screw-up in the tokenomics of the newly created WIT token that resulted in it reaching 100% distribution in a matter of months. No more tokens; WIT-less. The end. I have 142K of them, and last I checked they were worth a couple of bucks and only being traded in circles by bots.
Perhaps an object lesson in the reality that these layer two tokens have pretty much ZERO value outside the realm of serving as rewards that most people immediately sell and turn into fiat so they can have a spaghetti dinner. Crypto cynical much, lately? Yeah, me too.
I look at the crew that guide the various incarnations and numerous projects of LEO and they are working and coding and adding stuff and interacting pretty much 24/7/365 and even their token barely manages to hold value in a sideways movement sort of way.
Just having a community/token like this and just throwing it out there... not gonna go anywhere. This stuff takes an insane amount of work, dedication, engagement and stick-to-it-iveness to have any chance of succeeding.
Because of the well-travelled niche CCC occupies, however, this one is ripe for being taken over by someone with genuine interest, a clue and some technical savvy.
I totally agree. It is and was a fabulous idea of a community and token. I wonder if there is a chance it will be picked up and life pumped into it? That would be awesome.
Ah, is that what happened to WIT. I always wondered!
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