create account

Deadlines, commitment, etc. by simplifylife

View this thread on: hive.blogpeakd.comecency.com
· @simplifylife ·
$24.91
Deadlines, commitment, etc.
Shortly before my last break from blogging I had delegated some of my HP to Leo.voter account. It's been nearly a year and a half since then and that delegation has accumulated nearly 2k LEO in my wallet, that's twice more the LEO I have earned from posting. _(Mind you, back then I used to write quite frequently on Leo)_.

Make what you will of that! But that is story for another day.

<center>![image.png](https://files.peakd.com/file/peakd-hive/simplifylife/23swe5ng9L63873trFiGGmqLMvJcX96j6CkBSyrubCWnf8qaqkDqY3sQrp8tLXbMz5EAf.png)</center>

The 2k LEO would have been extremely juicy 1 and a half year back. Right now, not so much. The leo team has been so focused on polycub, the original LEO token and CUB has left to rot in the gutter. The prices of neither seems it will improve anytime soon _(prove me wrong)._ I wouldn't even be surprised if CUB hits close to $0. I wouldn't like it, but I wouldn't be surprised. 

It's at 4 cents now, so not too far! Handling and progress of Cubfinance from the LEO team has been extremely disappointing. 

Yes I know it has been said on numerous occasions that cub is a long term project....don't look at the price and as such. But the fact remains, "The market is always right." And the price of CUB and Leo speaks volume of how little interest there is in these coins beyond the HIVE ecosystem. 

This is not to point fingers at anyone, but these are simply facts. Cub has been at 4 cents well before the market began to pullback this month. Cub has been in a gradual decline with no words from the team regarding a solid plan about the future of it. The only positive here is, it didn't crash further from 4 cents while the market crashed around it.

<center>![image.png](https://files.peakd.com/file/peakd-hive/simplifylife/23zknCNda3QQRoRgSmTjJNxF3LCvsT3bxV9iPpBKZE9JDXoECnc5vEaxvNGbHRy7hjz73.png)</center>

"SOON" has become a trademark of LEO and while it is taken as a running fun joke, it shows exactly why cub and leo is doing as bad as it is - **no commitment to timelines.**

No one in the wide cryptosphere will ever take a project seriously that is as clumsy at deadlines as Leofinance is.

Having said all that, even though I fear CUB to really go to zero at some point, I think LEO will not walk down that path given it is the original token of that ecosystem. There is still some interest in it at least within HIVE. 

Will probably take ages for it to go back up in price, so for now....let's power that 2k LEO up and see where we're headed.

<center>![image.png](https://files.peakd.com/file/peakd-hive/simplifylife/23tvAaGhPNRbUjJVaVh5RCNZ2Z9KuLvsBbdicU3jVSj1KHTofECKXj6fmh81k91EF45dA.png)</center>

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@simplifylife/deadlines-commitment-etc)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 161 others
πŸ‘Ž  
properties (23)
authorsimplifylife
permlinkdeadlines-commitment-etc
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance","menofcrypto","proofofbrain","bdcommunity","mancave","finance"],"canonical_url":"https://leofinance.io/@simplifylife/deadlines-commitment-etc","image":["https://files.peakd.com/file/peakd-hive/simplifylife/23swe5ng9L63873trFiGGmqLMvJcX96j6CkBSyrubCWnf8qaqkDqY3sQrp8tLXbMz5EAf.png","https://files.peakd.com/file/peakd-hive/simplifylife/23zknCNda3QQRoRgSmTjJNxF3LCvsT3bxV9iPpBKZE9JDXoECnc5vEaxvNGbHRy7hjz73.png","https://files.peakd.com/file/peakd-hive/simplifylife/23tvAaGhPNRbUjJVaVh5RCNZ2Z9KuLvsBbdicU3jVSj1KHTofECKXj6fmh81k91EF45dA.png"]}
created2022-05-26 13:53:12
last_update2022-05-26 13:53:12
depth0
children5
last_payout2022-06-02 13:53:12
cashout_time1969-12-31 23:59:59
total_payout_value12.483 HBD
curator_payout_value12.426 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,772
author_reputation325,240,708,070,327
root_title"Deadlines, commitment, etc."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id113,534,247
net_rshares35,896,348,649,889
author_curate_reward""
vote details (226)
@leofinance ·
$0.16
I understand your frustrations but where I tend to disagree is that the market has correctly priced LEO, CUB and POLYCUB. I believe that the market has horribly mispriced LEO, CUB and POLYCUB. Much as the market had mispriced STEEM and HIVE in the past.

It is both a blessing and a curse that our base layer is as a social application. It allows us to communicate closely on a daily basis but communication can be good and bad. In some cases, people spread FUD and others believe it and then tokens spiral down to low valuations. 

As a startup, being marked to market on a daily basis (trading of LEO, CUB and POLYCUB is always happening) is hard. Most traditional startups are in the private markets - being valued based on the last funding round they raised. This lets them have months of quiet building before the next fundraising round when they showcase their technology to the world.

LEO, CUB and POLYCUB are priced by the day-to-day sentiments of everyone on the platform. This means that if we decide to spend a few months with our heads down building good technology, people view it as nothing happening and token sentiment downward spirals. Then, it shoots up all of the sudden when we deliver months later. This has happened in the past and it seems the cycle will continue happening until the next big delivery. 

My response to your points is as much for you as it is for me. I believe that people are looking entirely at token prices and completely ignoring actual developments. This is not an attack on you but just a way for me to cover these points and hopefully give you and others a glimpse into viewing fundamentals over token pricing:

> "The leo team has been so focused on polycub, the original LEO token and CUB has left to rot in the gutter."

Actually, in the time since POLYCUB launched, we've released dozens of updates to LeoMobile and LeoFinance.io:
- https://leofinance.io/@leofinance/help-us-design-leomobile-s-app-store-layout-or-get-usd500
- https://leofinance.io/@khaleelkazi/leofinance-engagement-or-can-we-do-10k-comments-this-week
- https://leofinance.io/@khaleelkazi/pdtdjavq
- https://leofinance.io/@leofinance/leofinance-weekly-development-update-or-facebook-hive-lite-accounts-added-leomobile-v0-6-xpolycub-governance-and-phbd
- https://leofinance.io/@leofinance/leoads-or-the-virtuous-growth-cycle-for-leofinance
- https://leofinance.io/@leofinance/leofinance-s-1-key-performance-indicator-kpi

In terms of CUB, we've continually talked about what is coming. POLYCUB is a breeding ground for potential updates on CUB, but why take everything in these early stages and move it to CUB when we can test on POLYCUB and see what works best, then pull the cream of the crop over to CUB in one fell swoop?

> "Cub has been in a gradual decline with no words from the team regarding a solid plan about the future of it."

- https://leofinance.io/@khaleelkazi/wumegecc
- https://leofinance.io/@leofinance/the-high-level-roadmap-for-leofinance-s-defi-branch-or-cubfinance-and-polycub

> "But the fact remains, "The market is always right."

I am an efficient market theorist but at the same time, I believe we're dealing with startup pricing - not public market pricing. We're being marked to market when startups are more reasonably priced in big strides. IMO market pricing catches up when people start to realize that fundamental developments have surpassed market cap. Right now is a FUD cycle and has nothing to do with fundamentals.

> "No one in the wide cryptosphere will ever take a project seriously that is as clumsy at deadlines as Leofinance is."

No startup hits the deadlines it sets. We set aggressive timelines and work to the bone to achieve them. Look to Tesla, SpaceX as examples. In the crypto space, look to Ethereum. Does Ethereum get taken seriously? If so, then look to the Eth2 claims that has been 2 years away for the past 6 years. 

> "Having said all that, even though I fear CUB to really go to zero at some point, I think LEO will not walk down that path given it is the original token of that ecosystem. There is still some interest in it at least within HIVE."

CUB will never go to 0. It will grind down until people see a fundamental valuation that simply cannot go lower. Some are already seeing it and defending $0.04 which is why we haven't seen it decline further despite the rest of the market losing their minds. 

As soon as the V2 update is released to CUB, the turnaround will happen so swiftly and sentiment will flip to "why didn't I buy it at the bottom?"

<hr>

Again, not attacking you, just my opinion to set records straight as I see comments like these frequently. We just posted https://leofinance.io/@leofinance/leofinance-our-vision which explicitly outlines what we aim to achieve in the coming months and years. Token price is irrelevant to our mission



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@leofinance/re-simplifylife-vjqk3)
πŸ‘  , , , , , , ,
properties (23)
authorleofinance
permlinkre-simplifylife-vjqk3
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@leofinance/re-simplifylife-vjqk3","links":["https://leofinance.io/@leofinance/help-us-design-leomobile-s-app-store-layout-or-get-usd500","https://leofinance.io/@khaleelkazi/leofinance-engagement-or-can-we-do-10k-comments-this-week","https://leofinance.io/@khaleelkazi/pdtdjavq","https://leofinance.io/@leofinance/leofinance-weekly-development-update-or-facebook-hive-lite-accounts-added-leomobile-v0-6-xpolycub-governance-and-phbd","https://leofinance.io/@leofinance/leoads-or-the-virtuous-growth-cycle-for-leofinance","https://leofinance.io/@leofinance/leofinance-s-1-key-performance-indicator-kpi","https://leofinance.io/@khaleelkazi/wumegecc","https://leofinance.io/@leofinance/the-high-level-roadmap-for-leofinance-s-defi-branch-or-cubfinance-and-polycub","https://leofinance.io/@leofinance/leofinance-our-vision"]}
created2022-05-26 14:21:12
last_update2022-05-26 14:21:12
depth1
children1
last_payout2022-06-02 14:21:12
cashout_time1969-12-31 23:59:59
total_payout_value0.078 HBD
curator_payout_value0.079 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length4,948
author_reputation769,162,289,719,646
root_title"Deadlines, commitment, etc."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id113,534,862
net_rshares227,482,939,205
author_curate_reward""
vote details (8)
@simplifylife ·
> I believe that the market has horribly mispriced LEO, CUB and POLYCUB.

This maybe true. The market may not always be correct, but it is always right. See the irony! I know it is unfair, but price action _(not the current price, but historically how has the price moved)_ of a token manipulates sentiment of investors. And sentiment is a big thing, almost the most important thing that drives the market.

> This is not an attack on you but just a way for me to cover these points

Of course not, I don’t take these personally ever. For good or for worse, I haven’t yet sold any CUB. A direct response from the team is much appreciated and thank you for taking the time to pointing out the disagreements. Such discussions are always stepping stones for moving forward.

> As soon as the V2 update is released to CUB, the turnaround will happen so swiftly and sentiment will flip to "why didn't I buy it at the bottom?"

Sure hope you are right! Diamond paws are stressful, but feels good when it pays off eh!
properties (22)
authorsimplifylife
permlinkre-leofinance-rci4y5
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2022.05.8"}
created2022-05-26 18:06:09
last_update2022-05-26 18:06:09
depth2
children0
last_payout2022-06-02 18:06:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,010
author_reputation325,240,708,070,327
root_title"Deadlines, commitment, etc."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id113,540,652
net_rshares0
@oldtimer ·
Exactly my thoughts.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@oldtimer/re-simplifylife-4dgjvr)
properties (22)
authoroldtimer
permlinkre-simplifylife-4dgjvr
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance","hive-167922"],"canonical_url":"https://leofinance.io/@oldtimer/re-simplifylife-4dgjvr"}
created2022-05-26 14:08:27
last_update2022-05-26 14:08:27
depth1
children0
last_payout2022-06-02 14:08:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length119
author_reputation467,238,930,346,592
root_title"Deadlines, commitment, etc."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id113,534,595
net_rshares0
@shortsegments · (edited)
I think your right , the price of Cub is really bad right now.

I wish I had practiced better loss management now.

However I think the project can be saved with many of the options being placed on PolyCub.

I have hope in these updates:
The plans to bring everything on PolyCub to Cubfinance once the polycub software is battletested enough to safely deploy it in bulk onto Cub.

I will be interested in the effects of farms focused on bringing value into Cubfinance and limiting opportunities for capitol outflow by incentivizing purchase and staking of Cub. 

Other features like collateralized loans, project owned liquidity, token scarcity due to permanent sequestration and multiple streams of income for the project to increase value of Cub.

I think you are clearly right about the price of Cub, but price is not the same as value, it is simply price. 

People pay thousands for NFTs at the height of the recent bull market, which have cratered in price. 

I think Leofinance is building value, utility and community.

I think price is what you pay, value is what you get.
 
I understand your opinion that Leo and Cub have no value, but I think the price will catch up to their new value once PolyCub changes come to Cubfinance, in time.
πŸ‘Ž  
properties (23)
authorshortsegments
permlinkre-simplifylife-rchu2x
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2022.05.8"}
created2022-05-26 14:11:21
last_update2022-05-26 14:19:18
depth1
children1
last_payout2022-06-02 14:11:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,245
author_reputation668,544,561,418,833
root_title"Deadlines, commitment, etc."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id113,534,661
net_rshares-2,759,389,122
author_curate_reward""
vote details (1)
@simplifylife ·
$0.05
I'm aware of some of it, yes. Not all of it.

I have been invested in cub from day 1, literally. I have seen it fall from grace from start to bottom and nothing much has been done. I see your optimism and I understand it. I hope you are correct, for if it does recover...good for me as I myself am quite well invested in it.

But having seen how it has been handled, I'll keep optimism away untill I see some solid progress. 

There's always optimism from the leo community, too much I'm afraid. Too much optimism is not necessarily a good thing. It kinda starts to become like and ostrich burying It's head in the sand and ignoring the storm.

> I think you are clearly right about the price of Cub, but price is not the same as value, it is simply price.

Yes and no. It is kinda hard to justify 4 cents to investors who entered at $5 just by "we are creating value." Hence, I stand by what I said - I'll keep optimism away till I see some progress, not progress "behind the scenes."

> I disagree with your opinion that Leo and Cub have no value

Leo still has value within the hive ecosystem. Outside the ecosystem, not so much and that's where we need to expand. Within hive, leo will always have value as one of the OG tribes.
πŸ‘  
properties (23)
authorsimplifylife
permlinkre-shortsegments-rchy92
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2022.05.8"}
created2022-05-26 15:41:30
last_update2022-05-26 15:41:30
depth2
children0
last_payout2022-06-02 15:41:30
cashout_time1969-12-31 23:59:59
total_payout_value0.024 HBD
curator_payout_value0.024 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,232
author_reputation325,240,708,070,327
root_title"Deadlines, commitment, etc."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id113,536,837
net_rshares71,530,320,515
author_curate_reward""
vote details (1)