RE: What gives Hive-Engine tokens value?
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Very helpful to my understand of what is going on with all these tokens.
With this in mind though, I wouldn't count out the generic tokens. I remember the early internet being millions of niche websites and that eventually evolved into a few generic platforms where niches could grow inside them like reddit or facebook or even my arch-nemesis, Ethereum.
It could be argued that hive engine itself is that platform but the problem is that it allows for an unlimited amount of coins for every purpose where a single generic platform coin split amongst many communities could create more scarcity and competition between communities for resources.
As you said, its very early and I barely know what I'm talking about. It's just a possibility that stood out to me.
Great article!
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You're right.
I'm a little biased toward the niche communities due to my LEO stake, but really we just don't know whats going to happen.
Just gotta keep stacking all the income generating assets we can get our hands on and wait :)
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General purpose communities can bring value to their tokens, too, but they would need to do more than niche communities. After all, how would general purpose communities differntiate themselves from one another? That's an extra layer of effort needed.
Then there is the numbers game. It would make sense for a general purpose community to have more members than a niche community, yet there are many niche communities-- especially LeoFinance-- whose membership is multiples greater than that of some general purpose communities.
Both niche communities and general purpose communities have their place here. They just need to find ways to add value in order to attract more demand for their tokens.
Posted Using LeoFinance Beta