The Joy of LPUDding

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I can't believe how quickly LPUD has come around again ! It feels like only a few days ago that it was April's Power Up Day.


Image by efes from Pixabay

My LPUD

I've done my duty to the Pride and powered up 200 LEO. That sticks nicely to a plan I formulated a couple of months ago; buy some LEO, then get enough in delegation rewards that it kept me going for three months powering up 200 LEO each Power Up Day.

Another goal of mine is to do all 24 Power Up Days this year (12 each of LEO and HP). Mostly it's just because the badges in Hivebuzz look pretty. But also because it gives me an incentive to keep building the value of my accounts in both tokens.

How I see LEO Right Now

But I might break the plan. I'm convinced LEO is under-priced right now, so if I can find the Fiat to do so, I may buy a bunch more LEO over the next month or three.

The amount of development in the community and by the developers (the whole Project Blank and Threads thing) is truly impressive, as is the continued level of engagement despite the very slow crawl out of the 2022 bearish black hole. To my mind, that level of commitment and engagement isn't being reflected in the price yet.

An Idea To Boost Mass Adoption

One thing I feel is missing (from HIVE as well as LEO) is a strong push to get them widely accepted as payment methods in the "real world". This applies both to face-to-face payments, and as payments for physical and digital products in e-commerce.

While it may seem counter-intuitive to try to move a Web3 payment method into legacy space, to me it seems like an obvious way to massively boost adoption.

With LeoFinance having taken big steps to make onboarding easier, we've already started to tackle one hurdle. The next is to develop easily installed and managed payment methods. This could be mobile phone apps for in person payments (whether peer to peer, or paying for things in shops and businesses), or plugins for e-commerce platforms like WooCommerce, Shopify, Big Commerce and Magento.

Associated with that, it would be nice if we could develop easy ways for people to get Fiat into the system, ideally without involving centralised exchanges although I struggle to see a way to avoid getting legacy banks involved. Perhaps it could even be something as simple as going into a shop with a handful of cash, giving it to the shopkeeper and he'd keep the cash and transfer an equivalent value of HIVE or LEO into your wallet while you stand and watch. I'm sure the regulators would find some reason to say that was a no-no, but I don't see it as much different to buying a gift card.

With the fast transaction speeds and zero/low cost of transactions, HIVE is well placed to be a widely accepted payment method, and with relatively stable prices, LEO is just as good. The hard bit will be educating the wider non-crypto public !

Posted Using LeoFinance Alpha



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