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RE: A series of posts regarding Hive, Splinterlands, me, and you!
Would it be rational to support something that did well in the past, just because they did well in the past?
Saddles. They did well in the past. Want to go all in on saddles with me?
I think if someone was directly asking for funds to cover the costs of productive actions in the past, I'd feel comfortable supporting that, if those actions were contributing to the future, in a way that can be observed.
I don't see thousands of people supporting that proposal. Yet one of the claims to fame was attracting thousands of people.
I don't care how much HP anyone has. They already have an account here and all they need to do is push a button to support a proposal.
Hype is useless. Why am I not seeing these people supporting the proposal!
Am I to just believe they exist? Or does this lead me to believe they don't?
Point taken on the saddles cowboy. I get what you mean by it in context.
But take this journey with me using the same metaphor differently.
If the saddle maker said, hey we realized we did well with saddles but horses are over now, and now its all about Mustang GT seat covers and we've got a market for those and can make them with our expert proven saddle makers, but we need some money to retool, buy embroidery thread and carry on, and we have some funds amassed from being successful but need a little more to get going, I'd probably consider an investment in the former saddle cum upholstery company a pretty safe bet. A gamble but one with a track record of winning
But if those selling the saddles had basically run their companies out of business and cash by making shitty saddles or selling the ones they got via a black market rustler ring, or simply making saddles nobody ever wanted to buy even if the saddle market was hot, and had no money of their own to bring to the table because they blew it all, but wanting a ton more to "continue", and their leadership had been known to be either inexperienced or downright incompetent in their roles over the past, I'd be taking my wallet and getting in my Camaro SS and leaving their Mustang seat cover company in the dust.
I think I just agreed with you, now that I read both our comments back.
Your eyes don't deceive you, all those thousands spent on 'safe travel to important conventions' and 'keynotes in ubers and fancy locales' haven't brought thousands of users, we're bleeding users bigly over the years, the community statisticians often post user onboarding charts and that line goes down and right or at best flatlines lately.
We'd be better off taking 150K and giving people $5 to sign up, that would bring us 30,000 new users, and after the cash grabbers take their 5 bucks and leave, we might actually retain a healthy percentage that jump on board, contribute new life, content, code, ideas, and investment money.
Never know? I'd rather experiment with giving out the 5 dollar signup incentive than sending 150K to put 3 dolphins up in a fancy hotel with a gourmet meal per diem, in some European city to give a slide show 3 or 4 times a year to other sponsored conference attending people from wherever, that end up just investing in bitcoin anyway.
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