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In a Nutshell by anomadsoul

View this thread on: hive.blogpeakd.comecency.com
· @anomadsoul ·
$29.20
In a Nutshell

https://img.inleo.io/DQmVWifjjS84XsJL3QkYWW2v9Fa3qwho8MwMXtwEdc4hnCJ/image.png 

> Let's launch a token.

Imagine the excitement of creating a new digital asset from scratch. The idea is buzzing – launching a token that could potentially revolutionize the market. The possibilities are endless, and the anticipation is high.

> But what's the token for?

What role will it play in the ecosystem? Is it just another speculative asset, or does it have a functional role to justify its existence? 

**Governance**

The idea that token holders can participate in decision-making processes. It's a democratic approach, giving power to the people, or at least to those who own the tokens. Governance tokens have become a trend, symbolizing a shift towards decentralized control.

> Governance of what?

What's the scope of their power? What protocol or platform will they oversee? It's essential to define the structure and boundaries of this governance to give it real substance.

**Our protocol**

It's an ambitious project that promises to innovate and disrupt current systems. The protocol is our brainchild, designed to solve specific problems and offer new solutions.

> Who uses the protocol?

Currently, no one uses our protocol. It's still in its infancy, waiting to attract users and gain traction. This poses a challenge: how do we convince people to adopt something that hasn't yet proven its value?

> So why launch the token?

**To attract users. Free money, right?**

The allure of free money is a powerful motivator. People flock to opportunities where they perceive easy gains. By distributing tokens, we aim to create initial interest and drive engagement with our protocol. It's like offering free money to lure people in, hoping they'll see the potential and stick around.

> How is it free money if it's just for governance?

The value proposition needs to be clear – users must understand how governance translates into tangible benefits or profits.

**If people use it, it generates fees, and the votes matter.**

The idea is that if the protocol gains users, it will generate transaction fees. These fees could then create value for the governance token holders. In this way, voting becomes significant because it influences how the protocol operates and evolves.

> Why would anyone care about voting?

Governance only works if people believe their votes have real impact. The protocol must prove that decisions made through governance lead to meaningful and profitable outcomes.

**Because it’s popular.**

The protocol makes money, so other projects will want to control it. Governance tokens become attractive when the protocol gains popularity and profitability. Other projects and stakeholders will want a piece of the action, driving demand for the tokens and making governance an enticing feature.

> Can't anyone else just do this?

The crypto space is highly competitive, and unique value propositions are essential to stand out. Simply having a governance token isn’t enough; it must offer something special.

**Yes, but if we get big enough, it won’t matter.**

However, if we scale quickly and build a strong user base, the competition becomes less relevant. Market dominance can overshadow the threat of copycats, establishing our protocol as a leading player.

> Isn't this just a meme?

A fleeting trend without real substance? It's a valid concern in a market flooded with gimmicks and hype.

**No, no, we add value.**

Our protocol and governance model need to offer real benefits, solving actual problems and creating efficiencies that justify their existence.

> What value? The token can't accrue value. There's no moat; it's all open source.

Without a protective moat or unique features, and being open source, anyone could replicate our work, diluting its worth.

**Then we'll launch a chain. And keep expanding.**

By building an entire ecosystem, we aim to create interconnected value that’s harder to replicate and offers more robust utility.

> So it's a Ponzi scheme?

The perpetual cycle of launching tokens and chains raises ethical and practical concerns about sustainability and genuine value creation.

**Yeah, but after 2-3 years, people will forget because we tried.**

After a few years, as long as we’ve made an honest effort, the market will likely move on, forgetting the shaky beginnings.

> What happens after people forget?

We go back to the start and launch another token, hoping for a more robust and matured market reception.

**We launch another token.**

The cycle repeats. Another token, another round of promises, and another attempt to capture the market’s attention and trust.

> And what's it for?

**Governance.**

> Governance of what?

**Governance over a new protocol.**

Each iteration aims to refine and improve, learning from past mistakes and aiming for greater success.

> Who uses the new protocol?

Initially, no one. The challenge of user adoption remains, but with lessons learned, strategies can be more refined and targeted.

> So why launch it?

To attract users, leveraging the lure of free money and the excitement of being early adopters in a potentially groundbreaking protocol.

**To attract users. Free money, right?**



Posted Using [InLeo Alpha](https://inleo.io/@anomadsoul/in-a-nutshell-fr)
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vote details (463)
@bpcvoter3 ·
STOP THE ABUSE ON HIVE

FAKE HIVE POLICE


HIVE IS DEAD 


HIVE IS ONE BIG FARM 



!LOL !WEED !MEME !GIF !DOOK !ALIVE !BBH

>60 votes
slobberchops [-]
gogreenbuddy [-]
cmplxty [-]
shanibeer [-]
antisocialist [-]
azabu [-]
acram64 [-]
mypathtofire [-]
willowranger [-]
bscrypto [-]
dhedge [-]
aaronkroeblinger [-]
lichtkunstfoto [-]
memehub [-]
chekohler [-]
modernzorker [-]
carn [-]
earthsea [-]
pinkhub [-]
kaylinart [-]
and 40 more

https://hive.blog/hive-104387/@bpcvoter3/se19g2



Downvoted BY HIVE FARMERS 

>slobberchops (81)in #life • 6 days ago
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6 days ago in #life by slobberchops (81)$0.00
Reply 3
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[-]bpcvoter2 (-5)(1) 4 days ago  · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED

https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb

https://www.publish0x.com/the-dark-side-of-hive

https://www.reddit.com/r/stoptheabuseonhive/

https://peakd.com/hive-164833/@bilpcoinbpc/you-have-all-witnessed-this-account-being-downvoted-to-a-negative-reputation-for-no-reason 


SHAME ON YOU ALL SAD PEOPLE WHO SCAM LIE AND FARM HIVE AND HIVERS

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>
[-]acidyo (82) 3 months ago  
Haha at "I shouldn't make commercial" :D Maybe something to worry about when you have more youtube subscribers! Quite interesting content though, these things should get more subs on there and here.

$4.28
1 vote
Reply
[-]gogreenbuddy (67) 3 months ago  
Yeah thought that was funny too

$4.54
4 votes
gogreenbuddy: $4.47
acidyo: $0.06
holbein81: $0.01
koleso: -$0.00

https://hive.blog/life/@gogreenbuddy/i-had-to-give-up-on-my-gabion-fencing-too-much-work

@themarkymark @buildawhale @upmyvote @ipromote @gogreenbuddy @usainvote @punkteam @makerhacks @apeminingclub @leovoter @blockheadgamds @rollingbones farm @cwow2 @solominer @steevc @adm @abit @theycallmedan @dalz @abh12345 


HE MAKES CURATION REWARDS WITH ALL HIS ALT ACCOUNTS BURNING TOKENS LIKE THIS DOES NOT TAKE OLD TOKENS IT MINTS NEW ONES AND BURNS THEM


https://hive.blog/hive-167922/@bilpcoinbpc/the-power

https://www.bilpcoin.com/hive-167922/@bilpcoinbpc/the-power

https://www.bilpcoin.com/hive-167922/@bpcvoter1/response-4-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts



[Reply 2 to @eddiespino](https://www.bilpcoin.com/undefined/@bpcvoter3/reply-2-to-eddiespino)


[Reply to @eddiespino](https://www.bilpcoin.com/undefined/@bpcvoter3/reply-to-eddiespino)


[cwow stop the drink and drugs](https://www.bilpcoin.com/undefined/@bpcvoter1/cwow-stop-the-drink-and-drugs)

[Stop supporting the fake Hive police who do nothing but exploit Hive](https://www.bilpcoin.com/undefined/@bpcvoter1/stop-supporting-the-fake-hive-police-who-do-nothing-but-exploit-hive)

[Many people on Hive will never get to spend any of their Hive as it may become illegal in certain countries](https://www.bilpcoin.com/undefined/@bpcvoter1/many-people-on-hive-will-never-get-to-spend-any-of-their-hive-as-it-may-become-illegal-in-certain-countries)



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>Looking at Hive from the outside, it looks like trash let just be honest there are issues. Not many people would be interested in coming to Hive to read blogs let's be honest
properties (22)
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@meme.bot ·
<img src="https://files.peakd.com/file/peakd-hive/orionvk/241FFAFw8hdfScLvY2b9e1bfbGDP8nxm14S6W7qERqXso1EVjfzxqpeWNYSEnaFNsjnrg.png"><br>Credit: <a href="https://www.peakd.com/@orionvk/posts">orionvk</a><br><a href="https://www.hiveme.me/">Earn Crypto for your Memes @ HiveMe.me</a>!
properties (22)
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@daniasi ·
starting a crypto project can be a good thing only if the vision is clear. To be sincere, we've seen so many pump and dump activities and it not giving crypto the needed reputation. Wishing you the best.
👍  , , , , , , , ,
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vote details (9)
@bpcvoter3 ·
STOP THE ABUSE ON HIVE

FAKE HIVE POLICE


HIVE IS DEAD 


HIVE IS ONE BIG FARM 



!LOL !WEED !MEME !GIF !DOOK !ALIVE !BBH

>60 votes
slobberchops [-]
gogreenbuddy [-]
cmplxty [-]
shanibeer [-]
antisocialist [-]
azabu [-]
acram64 [-]
mypathtofire [-]
willowranger [-]
bscrypto [-]
dhedge [-]
aaronkroeblinger [-]
lichtkunstfoto [-]
memehub [-]
chekohler [-]
modernzorker [-]
carn [-]
earthsea [-]
pinkhub [-]
kaylinart [-]
and 40 more

https://hive.blog/hive-104387/@bpcvoter3/se19g2



Downvoted BY HIVE FARMERS 

>slobberchops (81)in #life • 6 days ago
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6 days ago in #life by slobberchops (81)$0.00
Reply 3
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[-]bpcvoter2 (-5)(1) 4 days ago  · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED

https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb

https://www.publish0x.com/the-dark-side-of-hive

https://www.reddit.com/r/stoptheabuseonhive/

https://peakd.com/hive-164833/@bilpcoinbpc/you-have-all-witnessed-this-account-being-downvoted-to-a-negative-reputation-for-no-reason 


SHAME ON YOU ALL SAD PEOPLE WHO SCAM LIE AND FARM HIVE AND HIVERS

<a href="https://imgflip.com/i/8rn7dn"><img src="https://i.imgflip.com/8rn7dn.jpg" title="made at imgflip.com"/></a><div><a href="https://imgflip.com/memegenerator">from Imgflip Meme Generator</a></div>

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>
[-]acidyo (82) 3 months ago  
Haha at "I shouldn't make commercial" :D Maybe something to worry about when you have more youtube subscribers! Quite interesting content though, these things should get more subs on there and here.

$4.28
1 vote
Reply
[-]gogreenbuddy (67) 3 months ago  
Yeah thought that was funny too

$4.54
4 votes
gogreenbuddy: $4.47
acidyo: $0.06
holbein81: $0.01
koleso: -$0.00

https://hive.blog/life/@gogreenbuddy/i-had-to-give-up-on-my-gabion-fencing-too-much-work

@themarkymark @buildawhale @upmyvote @ipromote @gogreenbuddy @usainvote @punkteam @makerhacks @apeminingclub @leovoter @blockheadgamds @rollingbones farm @cwow2 @solominer @steevc @adm @abit @theycallmedan @dalz @abh12345 


HE MAKES CURATION REWARDS WITH ALL HIS ALT ACCOUNTS BURNING TOKENS LIKE THIS DOES NOT TAKE OLD TOKENS IT MINTS NEW ONES AND BURNS THEM


https://hive.blog/hive-167922/@bilpcoinbpc/the-power

https://www.bilpcoin.com/hive-167922/@bilpcoinbpc/the-power

https://www.bilpcoin.com/hive-167922/@bpcvoter1/response-4-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts



[Reply 2 to @eddiespino](https://www.bilpcoin.com/undefined/@bpcvoter3/reply-2-to-eddiespino)


[Reply to @eddiespino](https://www.bilpcoin.com/undefined/@bpcvoter3/reply-to-eddiespino)


[cwow stop the drink and drugs](https://www.bilpcoin.com/undefined/@bpcvoter1/cwow-stop-the-drink-and-drugs)

[Stop supporting the fake Hive police who do nothing but exploit Hive](https://www.bilpcoin.com/undefined/@bpcvoter1/stop-supporting-the-fake-hive-police-who-do-nothing-but-exploit-hive)

[Many people on Hive will never get to spend any of their Hive as it may become illegal in certain countries](https://www.bilpcoin.com/undefined/@bpcvoter1/many-people-on-hive-will-never-get-to-spend-any-of-their-hive-as-it-may-become-illegal-in-certain-countries)



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>Looking at Hive from the outside, it looks like trash let just be honest there are issues. Not many people would be interested in coming to Hive to read blogs let's be honest
properties (22)
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@meme.bot ·
<img src="https://images.hive.blog/DQmaNbengHgtSUYPBGGH2Hj5G14Kbr7BG4G3dgnwqFtA4gz/image.png"><br>Credit: <a href="https://www.peakd.com/@antisocialist/posts">antisocialist</a><br><a href="https://www.hiveme.me/">Earn Crypto for your Memes @ HiveMe.me</a>!
properties (22)
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@kenny-crane ·
Interesting! You gave me some ideas for a project I'm working on.  Thanks :)
👍  
properties (23)
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vote details (1)
@bpcvoter3 ·
STOP THE ABUSE ON HIVE

FAKE HIVE POLICE


HIVE IS DEAD 


HIVE IS ONE BIG FARM 



!LOL !WEED !MEME !GIF !DOOK !ALIVE !BBH

>60 votes
slobberchops [-]
gogreenbuddy [-]
cmplxty [-]
shanibeer [-]
antisocialist [-]
azabu [-]
acram64 [-]
mypathtofire [-]
willowranger [-]
bscrypto [-]
dhedge [-]
aaronkroeblinger [-]
lichtkunstfoto [-]
memehub [-]
chekohler [-]
modernzorker [-]
carn [-]
earthsea [-]
pinkhub [-]
kaylinart [-]
and 40 more

https://hive.blog/hive-104387/@bpcvoter3/se19g2



Downvoted BY HIVE FARMERS 

>slobberchops (81)in #life • 6 days ago
 The_commentphant.jpg

6 days ago in #life by slobberchops (81)$0.00
Reply 3
Sort:  Trending
[-]bpcvoter2 (-5)(1) 4 days ago  · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED

https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb

https://www.publish0x.com/the-dark-side-of-hive

https://www.reddit.com/r/stoptheabuseonhive/

https://peakd.com/hive-164833/@bilpcoinbpc/you-have-all-witnessed-this-account-being-downvoted-to-a-negative-reputation-for-no-reason 


SHAME ON YOU ALL SAD PEOPLE WHO SCAM LIE AND FARM HIVE AND HIVERS

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>
[-]acidyo (82) 3 months ago  
Haha at "I shouldn't make commercial" :D Maybe something to worry about when you have more youtube subscribers! Quite interesting content though, these things should get more subs on there and here.

$4.28
1 vote
Reply
[-]gogreenbuddy (67) 3 months ago  
Yeah thought that was funny too

$4.54
4 votes
gogreenbuddy: $4.47
acidyo: $0.06
holbein81: $0.01
koleso: -$0.00

https://hive.blog/life/@gogreenbuddy/i-had-to-give-up-on-my-gabion-fencing-too-much-work

@themarkymark @buildawhale @upmyvote @ipromote @gogreenbuddy @usainvote @punkteam @makerhacks @apeminingclub @leovoter @blockheadgamds @rollingbones farm @cwow2 @solominer @steevc @adm @abit @theycallmedan @dalz @abh12345 


HE MAKES CURATION REWARDS WITH ALL HIS ALT ACCOUNTS BURNING TOKENS LIKE THIS DOES NOT TAKE OLD TOKENS IT MINTS NEW ONES AND BURNS THEM


https://hive.blog/hive-167922/@bilpcoinbpc/the-power

https://www.bilpcoin.com/hive-167922/@bilpcoinbpc/the-power

https://www.bilpcoin.com/hive-167922/@bpcvoter1/response-4-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts



[Reply 2 to @eddiespino](https://www.bilpcoin.com/undefined/@bpcvoter3/reply-2-to-eddiespino)


[Reply to @eddiespino](https://www.bilpcoin.com/undefined/@bpcvoter3/reply-to-eddiespino)


[cwow stop the drink and drugs](https://www.bilpcoin.com/undefined/@bpcvoter1/cwow-stop-the-drink-and-drugs)

[Stop supporting the fake Hive police who do nothing but exploit Hive](https://www.bilpcoin.com/undefined/@bpcvoter1/stop-supporting-the-fake-hive-police-who-do-nothing-but-exploit-hive)

[Many people on Hive will never get to spend any of their Hive as it may become illegal in certain countries](https://www.bilpcoin.com/undefined/@bpcvoter1/many-people-on-hive-will-never-get-to-spend-any-of-their-hive-as-it-may-become-illegal-in-certain-countries)



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>Looking at Hive from the outside, it looks like trash let just be honest there are issues. Not many people would be interested in coming to Hive to read blogs let's be honest
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@meme.bot ·
<img src="https://images.hive.blog/p/NTy4GV6ooFRmaCXZ8UYgPhoud1kjiNX8QokLEZtbBKLuLWQ9yt7K3o4NNkaBgqDvyv4n6AGYhaD5D3K2samE8vQRJdJDcawNuPSyxYYNKMgqzYrMEmy5XEiZRspwNrh6Lyh5TTUk3FFYEGsF7JXZi89PLZ6THqYm3nmoMXeE"><br>Credit: <a href="https://www.peakd.com/@lolzbot/posts">lolzbot</a><br><a href="https://www.hiveme.me/">Earn Crypto for your Memes @ HiveMe.me</a>!
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@novacadian · (edited)
$0.72
During my early introduction to blockchain technology, other than Bitcoin Core, there were a dozen or two ALT coins; yet there were no <i>sh*t coins</i> nor even a coined term at that time if memory serves. 

There were coins that had no apparent value yet in fact had one which would be met. 

Let's take as example a coin which has paid me for bounty projects as well as Administrative bounties .

The coin is @devcoin. It is forked from Bitcoins and can be merged mined with it. The 21 million cap was lifted and it is a geyser. It was originally created to pay programmers of open source projects. By showing that they had programmed a certain amount of time on open sourced projects  in any given year they would then be cut into some calculated percentage of the mining done that cycle.

Whales from Bitcoin or successful traders with the other ALTS would then buy Devcoin as a show of support to the Open Source programmers. Those on the <i>sell</i> column on the exchange would be the programmers and they knew what the coins were worth to them and would HODL and wait.

Then everyone began seeing coins as fiat equivalent and sh*t coins were born.
👍  , ,
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vote details (3)
@bpcvoter3 ·
STOP THE ABUSE ON HIVE

FAKE HIVE POLICE


HIVE IS DEAD 


HIVE IS ONE BIG FARM 



!LOL !WEED !MEME !GIF !DOOK !ALIVE !BBH

>60 votes
slobberchops [-]
gogreenbuddy [-]
cmplxty [-]
shanibeer [-]
antisocialist [-]
azabu [-]
acram64 [-]
mypathtofire [-]
willowranger [-]
bscrypto [-]
dhedge [-]
aaronkroeblinger [-]
lichtkunstfoto [-]
memehub [-]
chekohler [-]
modernzorker [-]
carn [-]
earthsea [-]
pinkhub [-]
kaylinart [-]
and 40 more

https://hive.blog/hive-104387/@bpcvoter3/se19g2



Downvoted BY HIVE FARMERS 

>slobberchops (81)in #life • 6 days ago
 The_commentphant.jpg

6 days ago in #life by slobberchops (81)$0.00
Reply 3
Sort:  Trending
[-]bpcvoter2 (-5)(1) 4 days ago  · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED

https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb

https://www.publish0x.com/the-dark-side-of-hive

https://www.reddit.com/r/stoptheabuseonhive/

https://peakd.com/hive-164833/@bilpcoinbpc/you-have-all-witnessed-this-account-being-downvoted-to-a-negative-reputation-for-no-reason 


SHAME ON YOU ALL SAD PEOPLE WHO SCAM LIE AND FARM HIVE AND HIVERS

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>
[-]acidyo (82) 3 months ago  
Haha at "I shouldn't make commercial" :D Maybe something to worry about when you have more youtube subscribers! Quite interesting content though, these things should get more subs on there and here.

$4.28
1 vote
Reply
[-]gogreenbuddy (67) 3 months ago  
Yeah thought that was funny too

$4.54
4 votes
gogreenbuddy: $4.47
acidyo: $0.06
holbein81: $0.01
koleso: -$0.00

https://hive.blog/life/@gogreenbuddy/i-had-to-give-up-on-my-gabion-fencing-too-much-work

@themarkymark @buildawhale @upmyvote @ipromote @gogreenbuddy @usainvote @punkteam @makerhacks @apeminingclub @leovoter @blockheadgamds @rollingbones farm @cwow2 @solominer @steevc @adm @abit @theycallmedan @dalz @abh12345 


HE MAKES CURATION REWARDS WITH ALL HIS ALT ACCOUNTS BURNING TOKENS LIKE THIS DOES NOT TAKE OLD TOKENS IT MINTS NEW ONES AND BURNS THEM


https://hive.blog/hive-167922/@bilpcoinbpc/the-power

https://www.bilpcoin.com/hive-167922/@bilpcoinbpc/the-power

https://www.bilpcoin.com/hive-167922/@bpcvoter1/response-4-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts



[Reply 2 to @eddiespino](https://www.bilpcoin.com/undefined/@bpcvoter3/reply-2-to-eddiespino)


[Reply to @eddiespino](https://www.bilpcoin.com/undefined/@bpcvoter3/reply-to-eddiespino)


[cwow stop the drink and drugs](https://www.bilpcoin.com/undefined/@bpcvoter1/cwow-stop-the-drink-and-drugs)

[Stop supporting the fake Hive police who do nothing but exploit Hive](https://www.bilpcoin.com/undefined/@bpcvoter1/stop-supporting-the-fake-hive-police-who-do-nothing-but-exploit-hive)

[Many people on Hive will never get to spend any of their Hive as it may become illegal in certain countries](https://www.bilpcoin.com/undefined/@bpcvoter1/many-people-on-hive-will-never-get-to-spend-any-of-their-hive-as-it-may-become-illegal-in-certain-countries)



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>Looking at Hive from the outside, it looks like trash let just be honest there are issues. Not many people would be interested in coming to Hive to read blogs let's be honest
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@meme.bot ·
<img src="https://files.peakd.com/file/peakd-hive/pepe-cash/243qUBe4g8gMdMBFfjxoohn7ZmYN8CHKE6kAttaistmTZuZoZimAsVnoJTaJVT15WAESk.png"><br>Credit: <a href="https://www.peakd.com/@pepe-cash/posts">pepe-cash</a><br><a href="https://www.hiveme.me/">Earn Crypto for your Memes @ HiveMe.me</a>!
properties (22)
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@rzc24-nftbbg ·
> Governance only works if people believe their votes have real impact. 

I wonder why I don't feel that the votes of small guys on Splinterlands have real impact. At first, I thought it was working. However, seeing so many changes that I don't understand and reading that many are leaving, I began to question the impact of our votes. Now, I gave up upvoting those proposals. 
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@shawnnft ·
its the meta. taking money from the poor retail :(
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