RE: Crypto Thoughts, Hive Debates, and a Good Meal to End the Day

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RE: Crypto Thoughts, Hive Debates, and a Good Meal to End the Day

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namiks in LeoFinance • 27 days ago

These days, I’m done with that phase.

Same here. Hive is the only crypto thing I pay attention to now. I just don't care for the rest. Not a trader anymore, not some weird contract altcoin flipper either. Just not interested in that sort of gambling side of things. If Hive disappeared I think that'd be the end of my crypto journey. It doesn't feel the same anymore. Maybe I'd consider buying some some smaller ones for general speculation, but at that point I may as well just invest in something else like traditional stocks.

Regarding the inflation topic: I think the bigger problem is that we don't have anything that makes Hive or HBD really worth using. If we had some sort of services or something that made spending the two an option, which resulted in some or all of it getting burned, then we'd be addressing that inflation problem to some capacity. Unfortunately everything we do have instead just increases the inflation or when transacted just ends up in someone else's wallet that'll be dumped for profit. This is the upside to chains that do have network fees and use them to reduce supply by burning either the entirety or a portion of them.

27 days ago in LeoFinance by namiks

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curamax 26 days ago

Totally hear you… Hive is the only crypto that still feels “worth being in” for me too. And you’re right, without real utility sinks that burn or lock value, inflation will always be an issue. We need more use-cases, not just debates :(

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geneeverett 26 days ago (edited)

I don’t understand that at all. I love Hive, but there’s many more secure and bull movers than our platform. We just collapsed 60% in the crypto bull market. We will be down a lot more next 18 months. Again I love Hive, but only crypto still worth it? I don’t see how that’s true at all. Just being honest.

!LADY !PIZZA

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valued-customer 25 days ago

I think we are all neglecting the KYC oncoming for internet access. Couple that with the owners of the network refusing to xmit encrypted data, and all cryptocurrencies become permissioned by the network owners, including XMR.

For me, that reduces the value of all cryptos to equality: $0.

If we want to be able to communicate, with every phone call and text presently being harvested by carriers, when that also becomes the case on the internet, we are going to have to own our own network hardware.

Reticulum enables rNodes to create a mesh network, and such nodes are very simple hardware and software that cost less than most people's cable bill for a month. Either Reticulum or something like it is the only option I see for freedom of speech and cryptocurrency to have value going forward.

Even if BTC goes >$1M, the permission of the network owners can imbue each BTC owner, each transaction even, with any requirement they may impose, at their lest whim. Buying a steak? Not today, carbon causer! That turns every form of digital money into the equivalent of a CBDC.

I have already adopted alternatives for transactions that I have employed, but aren't easily adopted. I use goodwill, and that is only useful by people of good character with people of good character, and that is certainly not universal.

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