RE: Crypto needs regulation but not a centralized type by xiko

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Viewing a response to: @badbitch/crypto-needs-regulation-but-not-a-centralized-type

hive-167922 · @xiko · Jun 8 '23

Lol this in an angry "investor" rant of a person starting to realize they're holding Tulips.

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@badbitch · Jun 9 '23 (edited)

It gets a lot more interesting knowing I'm getting paid doing it :)

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@xiko · Jun 9 '23

But whose reading bro...
The system here is skewed towards BLIND VOTER that feed from your effort without even needing to read it.

That in a nutshell is why hive has no growth and no impact even in the world of crypto.

Look I like your writing style though and I see your posts are top tier of Hive.. but then the bar isn't exactly set high these days.

I feel for the worker bees here really. There's an inner circle here that set the rewards limit on each author and make sure they stay in their lane.

All the while you commit time and in repetition... resulting in YEARS of your actual life lost for those mesaly rewards.

See for LATIN AMERICA it's a good outcome. But if you're in the west then I think you would be better off putting your mind to work on something else.

But hey that's my view and if for you this feels right then ok.

The system is rigged though and it's going to collapse eventually. Blocktrades and co just needed the community to 'believe' that they were saved.

Without community agreement they just couldn't extract the money they do.

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@badbitch · Jun 9 '23

Well thank you for your kind words. Now about Hive, I will say it cannot profit everybody, the opportunities will always be there but not everyone can make the most of it.

No system is set up to make "everybody rich" that is impossible to implement, dreaming about it though is pretty easy, an example of this dream is the publicised nonsense called "Universal Basic Income" everything about it is flawed, it is just those type of things that will never materialize.

To conclude, I would say Hive has its own benefits when compared to other platforms out there, it cannot be perfect, but it can be a perfect tool for building something that draws more value, at least that should be the focus because "making the most in any ecosystem" has more to do with the "persons and their creativity(sometimes people are creative in a way that exploits others)" looking to profit than the platform.

👍 xiko

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1 reply

@xiko · Jun 11 '23

Ps: your point on disagreement that basic income is a good thing imo goes against blochain and tokenization.

Because:

If these systems are understood to NEED some capital (to transact) then that's not a good start....even if through RC (which is essentially a limited trial)... users get a "free" pass. Any significant utility will need a user to pay fees.

So then... YES, THERE MUST BE A BASIC OUTPUT for users that interact with the network in creative ways.

It's completely parasitic to think a network can exist that is essentially PAY TO PLAY but then no incremental rewards for users that comit and stay loyal to the network.

And worse: he only working model for rewards.. BLOGGING... is subjectively administers.. AND POLICED by clowns.

Then when people see that actually.... Rewards are really BLIND VOTERS... all potential hits a wall by people that exercise lateral thinking.

So again... no one sees that and feels they're missing out. Other than the audiences that are already here. 

In reality this is a microcosm of the state of the world. A few elite well off. The rest are WORKERS for a miniscule output.

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