My response to "Where is the value from crypto from? Why is LEO worth anything?" by cryptothesis

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @cryptothesis · Jun 26 '23

$8.06

My response to "Where is the value from crypto from? Why is LEO worth anything?"

https://images.hive.blog/DQmU49GCnfTKvsPczpwz7TwyHqKH2nzRvSwVTugsTaEVEjR/Screenshot%202023-06-26%20at%2011.34.03%20PM.png

I love this question by @gillianpearce in the [thread](https://leofinance.io/threads/view/gillianpearce/re-leothreads-2ufp4enup).

I may not have the right answers but I love that I can use it to test my understanding.

So here is my response.

Value in the financial sense is always a result of the perceived usefulness of the asset. A particular crypto token has value because the token provides a certain benefit to the holder. In the case of Hive, when it is staked, it gives us the power to earn curation rewards when we upvote posts. The benefit is new HP after 7 days.

But this is incomplete. I think the question is "Where did this value come from?"

The value comes from people who are willing to invest in Hive with their fiat dollars. Be it new people, or new fiat. Doesn't matter. When more people buy up Hive. Hive has more value.

*This is the way Hive has a price and can be exchanged for tangible stuff, or exchange of other services, or benefits.*

Now we turn to $LEO. A good example to use as an illustration.

LEO has value because it bestows similar curation rewards the way Hive does it when they are powered up.

However, something interesting is happening in LEO. The team in LeoFinance has rolled out new services associated with their LeoThread. In essence, LEO holders can now also earn by shitposting. This is itself a new experience likely to be valued by its user.

This causes more people to buy LEO with new fiat. Like I have shared in this [post](https://leofinance.io/posts/cryptothesis/taking-a-loan-from-myself-to-buy-leo).

With more LEO powered up, I can enjoy the potential of earning more curation rewards.

What is interesting is that LeoFinance doesn’t just stop there. Since people are viewing the posts and threads, advertisers are willing to pay for this thing call page view.

Suddenly, the value becomes more concrete. Someone who wants to sell stuff to LeoFinance users sees the value in exposing their ads there. And the advertisers have to pay for it. LeoFinance in turn use the earnings to buy LEO back from the open market and this pushes up the LEO price.

In short, LeoFinance becomes a valuable service on multiple fronts.

This creation of value and use case is what makes the tokens worth something.

Probably an incomplete answer, but hopefully it can spur some discussion in the comment section. And create more value.

![](https://images.hive.blog/0x0/https://images.hive.blog/DQmaQioiDMPpE4AcBKH6i9CPzpBZiqkEbReRYswysdbze8x/Screenshot%202022-06-21%20at%204.30.29%20PM.png)

P/S: This is not financial advice, and please do your own due diligence before investing.

**If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.**

*You might be interested in this post, @thatkidsblack, @graciousvic, @peniel2010, @deflacion, @jacoalberts, @limonta, @young-kedar, @svanbo, @sumotori, @zakludick, @poplar-22 and @hankanon!*

[What is Hive?](https://leofinance.io/@leoglossary/leoglossary-what-is-hive)

Posted Using [LeoFinance Alpha](https://leofinance.io/@cryptothesis/my-response-to-where-is-the-value-from-crypto-from-why-is-leo-worth-anything)

👍 leo.voter, arcange, kenny-crane, pishio, pouchon, slobberchops, psyberx, methodofmad, jasperdick, mituoshizhe, muratkbesiroglu, leofinance, svanbo, steemaction, bitrocker2020, mightyrocklee, jfang003, raiseup, p1k4ppa10, jacoalberts, khaleelkazi, sbi5, megavest, niallon11, gadrian, dlike, roleerob, awgbibb, dynamicrypto, clairemobey, masterrpgbot, gillianpearce, laruche, walterjay, zakludick, organduo, rmsadkri, cugel, cakemonster, skiptvads, shainemata, bnb-hive, cielitorojo, apokruphos, iptrucs, sorin.cristescu, takhar, cubdaily, asteroids, chloem, anonsteve, psyberxnode, jude9, b-leo, pboulet, pouchon.tribes, academician, p-leo, wrapped-leo, invest4free, elgatoshawua, liverpool-fan, jeffjagoe, jeanlucsr, and 210 others

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femcy-willcy	875,150,575	17.5%
grabapack	1,436,002,636	5%
p-leo	5,012,978,671	35%
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plicc8	887,336,934	10%
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psyberx.witness	3,977,597,378	10%
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thoth442	724,943,550	5%
bnb-hive	10,874,557,247	35%
leo.tasks	155,208,976	10%
p1k4ppa10	43,472,391,504	5%
cubdaily	7,908,328,391	35%
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actordontee	1,925,437,000	17.5%
skiptvads	12,110,368,896	23%
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psyberxnode	6,346,313,270	9%
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@balvinder294 · Jun 28 '23

!PIZZA
!LUV

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@luvshares · Jun 28 '23

@cryptothesis, @balvinder294<sub>(1/1)</sub> sent you LUV. | <a
    href="https://crrdlx.websavvy.work/" style="text-decoration:none">tools</a> | <a 
    href="https://discord.gg/K5GvNhcPqR" style="text-decoration:none">discord</a> | <a href="https://peakd.com/c/hive-159259">community </a> | <a href="https://crrdlx.websavvy.work/wiki/doku.php?id=start"><img src="https://files.peakd.com/file/peakd-hive/crrdlx/23t7ev3YkMuKFJvDYRawU5ag19uSrFR689gAb1nBXN3TxNFD85vw2WUstaD5nu5ovWYR1.png"></a><a 
    href="https://crrdlx.websavvy.work/wiki/doku.php?id=start" style="text-decoration:none">HiveWiki</a> | <a href="https://ichthys.netlify.app" style="text-decoration:none"><>< daily</a>

<center>Type <code>! help</code> (no space) to get help on Hive. <a href="https://hive.blog/hive/@helphive/helphive-introduction" target="_blank">Info</a> <a href="https://hive.blog/@helphive" target="_blank"><img src="https://files.peakd.com/file/peakd-hive/crrdlx/23tc66FximNy5g3UyHckd43CbGEB5tAG9dXgDPZMqhzN5sfFfiAPkFoLRso2EHuuq9GZW.png"></a></center>

<center>Made with <a href="https://peakd.com/@luvshares" target="_blank"><img src="https://files.peakd.com/file/peakd-hive/crrdlx/AKKSsM8HYHY5o4R1UPRdUADTz5QpsKAxSH5uyxsK4k1AJz5wsBqm7TfvA8aSCjE.png"></a> by <a href="https://hive.blog/@crrdlx" target="_blank">crrdlx</a></center>

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@clairemobey · Jun 28 '23

$0.04

Oh wow. This is a fantastic explanation! I'm saving this for later. I get asked this question all the time. I'm like here: Look at the medical bills I paid or the shiny thing I bought, but for the average intelligent sceptic, that isn't enough. Thanks for this valuable post!

👍 cryptothesis

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@djbravo · Jun 26 '23

As we all know and those who have been working on this platform for a long time it is a very good and trusted platform. And there are many ways to earn money on top of that there are some people who want to earn without investing so that is very good thing for them too but only it will not take time and your content in a good way. Will have to show up here. And the way we know that when the next market cycle comes around, we're going to see a lot of growth in that because the investor's eye is on it and the way we're looking at that is the leofinance. The team is doing very well.

👍 cryptothesis

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@hivebuzz · Jun 28 '23

Congratulations @cryptothesis! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@cryptothesis/replies.png?202306281450"></td><td>You got more than 3000 replies.<br>Your next target is to reach 3250 replies.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@cryptothesis) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Check out our last posts:**
<table><tr><td><a href="/hive-122221/@hivebuzz/pud-202307"><img src="https://images.hive.blog/64x128/https://i.imgur.com/805FIIt.jpg"></a></td><td><a href="/hive-122221/@hivebuzz/pud-202307">Hive Power Up Day - July 1st 2023</a></td></tr><tr><td><a href="/hive-106258/@hivebuzz/hivefest-trf-2023"><img src="https://images.hive.blog/64x128/https://files.peakd.com/file/peakd-hive/hivebuzz/23wC7eJH6F57ZLKQHzTxzC23zx8AzVrmxWD6PyZtoHcCjQafpgtZyNrpVjoVY1cYLKmYH.png"></a></td><td><a href="/hive-106258/@hivebuzz/hivefest-trf-2023">Announcing the Travel Reimbursement Fund for HiveFest⁸</a></td></tr></table>

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@iskawrites · Jun 26 '23

$0.05

Your analysis demonstrates a deep understanding of the underlying dynamics that contribute to the worth of these tokens.  

What I find most admirable is your ability to connect the dots and paint a vivid picture of how value is derived from various sources within the crypto ecosystem. 

And I love how you  explained the significance of investor demand, the practical benefits of staking tokens, and the innovative services offered by LeoFinance.  

Great response. I hope she finds it helpful.

👍 cryptothesis, onealfa.leo, khaleelkazi, nikoleondas, b-leo, p-leo, wrapped-leo, rival, moonappics, oakshieldholding, onealfa.vyb

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@cryptothesis · Jun 26 '23

Thanks for reading and sharing your thoughts!

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@iskawrites · Jun 26 '23

$0.03

My pleasure, sir

👍 dustsweeper, cryptothesis

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@jfang003 · Jun 27 '23

$0.03

I agree. The project needs to generate value for that token and I like how LeoFinance can finance itself without anyone else. They are also keeping value in the token through the bounty buybacks and maybe even the ad buybacks in the future.

👍 cryptothesis

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@lee1938 · Jun 28 '23

https://twitter.com/lee19389/status/1674012236048920576
#hive #posh

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@lovinggirl · Jun 27 '23

https://twitter.com/LovingGirlHive/status/1673599104402984960

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@pizzabot · Jun 28 '23

<center>PIZZA!


$PIZZA slices delivered:
@balvinder294<sub>(2/5)</sub> tipped @cryptothesis 


</center>

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@takhar · Jun 26 '23

$0.03

I think it's a great answer! I clearly didn't see it that way before. It seems the larger the network effect Hive has, the more valuable the token becomes. It's the same and more for LEO. LEO is building tangible foundations of value.

👍 cryptothesis

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