RE: Saturday Savers Club | Week 24 | Saturday 15 June 2024

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RE: Saturday Savers Club | Week 24 | Saturday 15 June 2024 | All Change!

steevc in LeoFinance • 8 months ago

I've done thousands of Tweets, but hardly use it now. I was also active on identica that is gone now. At least our Hive content will live on.

My only concern with InLeo is whether they stay on Hive. I have thought the same about Splinterlands. I would rather have these projects on the chain even if I am not into them.

We know that quality is relative and that some posts will earn regardless. If Hive did scale up then rewards would be spread much thinner. With millions of users they would probably earn a lot less $HIVE than we do, but then the value could go up. I am curious to see what could happen, but there's little sign of the growth we need.

8 months ago in LeoFinance by steevc

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shanibeer 8 months ago

Interestingly, growth in holding crypto currency doubled in the UK in the year to June 2023, and doubled the year before that, too, so now about 10% of the population, just under 5m people, hold a small amount of crypto - mostly around £100 - including allowing for the proportion of the population who are digitally excluded. The next report is due this month and I'm interested to see what it says.

On the other hand, there are 21,000 blockchains/currencies out there, so a lot of competition for a still very small audience.

In the workshops last week, one of the mind blowing things was that block chains are "printing currencies out of no where" and this was cited as possible one of the reasons why there was a lack of confidence in it. I did point out that the Bank of England also prints money out of thin air with nothing backing it and I'm hoping they all went off to check that after the session.

Having done the workshops, I have a bit more of an idea what to include in session, which was helpful.

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steevc 8 months ago

Most of us don't really understand how money works, but crypto does get over-hyped. People are tempted by potential quick profits. I just don't see anything else offering what Hive does as an alternative to the social companies that most people don't actually like. You would think that at least some crypto communities would get involved or are they purely focused on one particular coin?

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