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If you are what you eat - I am going to be half chocolate , half cheese and half ham. Yes, that is three halves, but I have eaten so much of these things that I will be 50% heavier than I am now. 

>"Compound interest"

They say watch what you eat, but I watch it and it all looks so good - what it should be is, "watch your ass grow in the mirror and don't eat anymore". 

![OI000254 (1).jpg](https://files.peakd.com/file/peakd-hive/tarazkp/242s5ZA6rYKT5kMf3xGEzAY8t6Af9diwqcQGxNAx35FToimfR9BDk5o73mxatjEpwM6sC.jpg)

What I have been watching grow with half an eye however, is the markets. They are always fickle when I feel they are going to pump, but they are looking pretty solid at the moment going into the end of the year. As anyone who has been in a while will know, one week to the next can be remarkably different, with 50% drops common, but so are 100% gains. Hive is looking good - 100% from here will be an ATH. 

Funny though isn't it? I might be as drunk as everyone else this Christmas, but in crypto we almost *expect* 100 percent gains to happen to what we hold, especially when there is a bull market on the charge. However, I think this is going to burn a lot of people, especially those who are getting into the "meme" of it. 

My wife's nephew has been in for about a year now and is feeling pretty chuffed with himself, but essentially, he has only experienced the run *up* so far and is yet to consider what happens next. He is young and will learn, but I have tried to warn him that at least some of what he holds will go to zero. Not because I am some crypto soothsayer, but pretty much most of the crypto projects will go to or near zero, *unless* they are able to attract attention.

He was talking about "project marketing" which is important, but what he is actually describing is hype around the token, *because there is nothing else bar the token.* Unless these projects actually create *user attention,* I suspect they are all going to zero. This is the same for the DeFi yield projects that offer useless tokens as earnings on other mostly useless tokens. If the only value a token has is to earn yield, it will go to zero too.

The reason is because as the crypto industry matures and the *real* projects build some usecase, they will offer yield based on actual activity, allowing liquidity providers to hold valuable assets as collateral to provide liquidity for the yield, with the "yield token" being something usable, not just something to dump. I think Splinterlands is moving in this direction, where there are *many tokens* but they all have some game usecase, or will have some game usecase. Even the LAND is going to absorb "card liquidity" as they are used to mine the resources on the land that can be sold.  

But, most of these projects out there are creating complex yield-earning platforms, but aren't necessarily building platforms that people can build something useful upon using their yield. I think Hive in this regard is ahead of the curve, as despite many protestations about the way it all functions, there are many positive sides to building on Hive, including having second-layer tokens that can attract usage from first layer and new users. 

Pretty much, most of the crypto projects are out there independently trying to build a community, we are here building many different kinds of communities together. This amplifies potential and compounds against each other much like my chocolate, cheese and ham body. It all works together to create a larger gravity by attracting user mass to it. Complain all you want, but in time, the growth of this community will hit some milestone, alignment and a little luck and *boom!* It doubles, triples and quadruples in size rapidly. 



The guy I was talking with is right, projects need attention, but they need to have something to *attend to* when they arrive, otherwise they will very quickly move their attention elsewhere. This is also why those meme coins are doomed, because they rely on hype with no substance and the types of people who are interested in them are low-commitment, high-dumper types - all hoping to cash out once they are rich! Most will not be - as they are buying on the hype of the mainstream media and Reddit threads, making them*late to the party* and only good for pumping the bags of those who bought early and are hyping it now. Shameful?

Well, this is the scam side of crypto, but as the industry expands and matures, they will get less and less attention, with people looking to actually invest for the future, where they will get the gains of Amazon, Tesla and Apple over the space of years - meaning investing into companies that actually have a go-to-market product that users will demand.

People want the best of both worlds and at times, it works. For example when I was young, I didn't have to think too much about what I ate, as I didn't put on weight easily. Things change. Crypto is changing. Yes, there will still be plenty of upside, but it is going to start to steady over the next few years, meaning that there will be less volatility, less downside, less "massive gain" potential, but, it will more readily offer stability and steadier income and wealth development, as people actually start to use what they hold, not just hold in the hope to sell. At this point, everyone becomes interested in yield, but not useless yield - they want what they hold to be able to be more than just a token.

It is happening now, but at the moment, most people are focused on the hype, not what is left when the waves of hype recede. For most projects, *there will be nothing.* The boats will be left high and dry, while the real projects are enjoying floating on deep and calm liquidity.

Taraz
[ Gen1: Hive ]


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