The Lesson Of Shiba

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Many of us are sitting back watching the ride that Shiba is on. Whether one believes in these types of tokens or not matters none. What is important is the wealth that is being created along with the lesson it provides.

By now, many read the article of how $8,000 of Shiba purchased a year ago is now worth $5.7 billion. That is what we all would consider to be life changing money. However, that is not the only beneficiary.

Shiba is starting to mint a lot of millionaires. This is the organic nature of cryptocurrency. One does not have to start with a lot of money to profit handsomely.

Of course, whether those people remain wealthy from this source remains to be seen. As we all are aware, in cryptocurrency, things can go down as quickly as they ascend.

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Anyone Can Experience This

One of the best aspects of cryptocurrency is that it is inclusive. Anyone is able to participate. Unlike the present financial system, which is exclusionary, people can enter with minimal amounts of money. As they say, you never know.

Shiba provides a powerful lesson. Whether it is nothing more than a pump remains to be seen. This is not financial advice but if I was in it, I might take some profits. Either way, it brings up a concept that we all need to understand.

We can harken back to the early days of Ethereum. What was interesting about that project is that it probably minted more millionaires than any entity from the start. While there were other instances where many made millions, off a Microsoft as an example, due to the "accredited investor", most were wealthy to begin with. That was not the case with Ethereum.

It is also safe to say, it was not the situation with Shiba. Those profiting are average people who threw some money at it. Certainly, there might be founders and early participants who have a lot of stake. Nevertheless, those who go involved over the last year have done very well.

This is the opportunity with cryptocurrency. People keep asking if it is too late to get involved? This is a prime example of how it is not. Shiba was not on the radar of most 6 months ago. Again, it might not be there 6 months from now. Nevertheless, it is on a run that makes people a lot of money.

The key is this happens quite frequently. We often see different tokens go on massive runs.

Long Term Runs

We all know there is a major difference between a pump and sustained advancement. Over the years, those of us who were around, saw many projects given insane market caps to start. This was especially true during the ICO craze 4 years ago. Projects were thrown on the market with nothing more than a white paper and were valued at hundreds of millions of dollars. It really was a reminder of what things were like during the dotcom era in stocks.

Of course, most of that stuff crashed. It was worthless to begin with and the market eventually gave it that price tag.

Going back to Ethereum, there is no doubt that the network effect on that chain has sustained its growing market cap. The development on there is basically unrivaled, even today. This brings in a ton of money which helps to foster more development. It ends up becoming a positive feedback loop.

With so much taking place, even with the high fees, Ethereum has a lot to hang its hat on. To start, the fees are not an issue for major players. When moving millions of dollars around, paying even a couple hundred bucks for secure transactions is a bargain. It also has a host of applications that feed into the DeFi and NFT markets.

For sustained runs, growth over the long term is required. In this realm, it seems this starts with development. Without that, a platform is destined to fail. We are dealing with technology and people expect things to be updated. It is how to avoid ending up like those from the ICO days.

Can Hive Make A Run Like That?

Many feel there is no way a run like that can happen to Hive. For whatever reason, they think that it is somehow exempt from participating like other coins.

To start, when you look at Shiba, you realize there is very little there. Sure it captured the attention of many. However, what are the use cases? Where is the sustainability coming from? While it could be there, it is hard to see at the moment.

Also, Hive is continually developing. In fact, it is about to get a major "upgrade" through the collaboration with Peerplays. There was a video put out by @peerplays explaining how Hive will have direct access to a decentralized exchange (DEX). For the time being, it will be limited to just HIVE and HBD but we can expect other assets to be moved back and forth.

This is just one of the many infrastructure "upgrades" that Hive is about to receive. There are discussions about a few other collaborative moves that will expand the capability of Hive.

Does this mean that we can expect the same outcome as Shiba? That is too presumptuous. However, for something to move up radically in the cryptocurrency world is not an outlandish expectation. Multiples of 5x-10x are quite common. After all, not everything has to be a 10,000% return.

We never know what sets a market off. It is an entity unto itself and logic is not really applicable. People get excited over something, which ends up spreading. When this is backed by money, a massive run can result.

The lesson of Shiba is that things can happen at anytime. Being involved in cryptocurrency opens up a world of possibilities. We are still in the early stages and vast fortunes are still going to be made. While the market can set anything on fire, the most likely growth potential comes from those that are expanding and developing. It seems that it always comes back to the core in that way.

For many, Hive is on this path. We will see when the market catches on. In the meantime, we just keep building infrastructure to fill in the gaps that we presently have.

Collaborations will certainly help with this.

If you found this article informative, please give an upvote and rehive.

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It is no news that crypto can take one to the moon.

I really hope to see hive do that some years from now.

But in my opinion, I think our community will grow steadily over time.

We need more work and it's not just about the pump, it's about being valued at a price being steady on that price.

I wish I bought some shiba tho

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I agree completely.

But in my opinion, I think our community will grow steadily over time.

Yes this is the process we will go through. It will just keep building, slow and steady until it really takes off.

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pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 78 of my contest just started...you can now check the winners of the previous week!
!BEER
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I'd just take my que from the lesson from Shiba, " things can happen at anytime."

That's just the possibility of cryptocurrency, so definitely, regardless of what is said, Hive would make that stride to the moon.

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We all should be ready for our lives to be changed in a bull run. To get there, with Hive, I believe it will come as a result of activity and development.

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There's no disputing, you just hit the nail on the head

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Shiba is starting to mint a lot of millionaires. This is the organic nature of cryptocurrency.

What would happen (theoretically) if everyone would be a millionaire?

This is rather a rethorical question. I see cryptocurrency as a life changing thing, but not everyone needs to be a millionaire.

I do not want to be a milleonaire. Even a few thousand dollars would lead me out of the financial discrimination (into financial freedom). And it certainly will over time.

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Certainly it depends upon where one is located. There are areas in the world, major cities, where being a millionaire means you are just getting by. In other parts of the world, a few thousand can make a major difference.

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In the early i recomend people to spend $0.50 on shib AND they pump ir was a great Time to leave AND go to the other proyects with better development as you said as our lovely hive.

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Quite a few are looking at Shiba now and feeling frustrated of not buying into it earlier in the year. The question to address is: how many would have held up to this level? HIVE is not in the same category with SHIB, thus I don't see it perform the same way.

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I got out a little too early myself. Many of these inflationary coins are just trades. Hive is crypto income. We may see a mania when the rest of the market figures this out.

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That is my hope as well. Sustainable growth without the bottom falling out will be next cycle-stuff I guess. Until then, lots of things to do and build.

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Without Hive especially this year considering the rough time I've been going through I honestly don't know how I will be surving. So HIVE's sustainability should be our focus.

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It is for a lot of us. We are on here each day doing what we can to keep pushing things forward. It is a community effort and there are many involved.

This is great to see.

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Same with HE tokens. I can't believe how long it took me to realize how much potential is there.

I don't track daily income from them because there's too many to keep up with, and because it isn't that much so I just turn around and stake or re-invest elsewhere, but HE is a solid source to nail down a more or less passive income, as well as, position oneself to do well day trading if that your thing.

And now the liquidity pools on tribaldex are giving rewards Hive is an engine (fuck it, pun intended. Right in your face.) for cranking out profit.

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Ryoshi Token just launched about 6 months ago. Similar pool size. I've got some Shiba I picked up, but decided, what the hell...I'll pick up some Ryoshi ($200 bucks snagged me 4B tokens). Never know when you might find the next big thing. It's money I'm ok losing.

A long while back, I threw a $100 bucks into a penny stock. Literally had 1M shares. Never bothered to check it. Fast forward about 10 years later, the company got scooped up as a shell and the price, for whatever reason, jumped. I sold out at $400, but if I had waited just 6 more months, my $100 investment would have been worth $10K. Oh well. Time in the market is super difficult in any environment, whether it's crypto, stocks, etc. Best to just spread it out and make sure you're ok with waiting for a bit.

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There are instances where one can certainly catch lightning in a bottle.

Much of the stuff is crap and, like was said, is just a trade.

However, there are those that you can hold and really cash in on. They are lottery tickets.

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Going to be driven by different factors in my opinion. We are going to see Hive excel because of development, use cases, and consistent growth at all levels. At some point, the market will wake up to that. It might take another 6-9 months for us to be at that point.

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In fact, it is about to get a major "upgrade" through the collaboration with Peerplays

wow, didn't know about this, is there an ETA? :)

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I think the SONS for Hive and HBD are done but I cant swear to it.

Follow @bobinson for more details.

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We are almost there - right now connecting a Peerplays TESTNET to the Hive MAINNET. Once this demo works, we can have 100% confident and we are days away from this.

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Thanks for the info I do totally agree with. I am very confident that Hive is soon to kick off the same/ similar ride, and will be very happy and proud to see that the next waive of millionaires will be from our super progressive community.

Thumbs up for the cooperation with @peerplays!

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another lesson of Shiba is that people also just want to get rich (a huge pump and dump withour underlying value). Obviously we are taking the more sustainable road which should pay off in the long run

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Nothing wrong with catching a ride and really profiting from it. My hats off to anyone involved (I am not). I dont besmirch them for making money.

Plus it can help to feed other things.

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Sweet, you talked about how crypto can be largely inclusive, to further butress this point. It's the opportunity that totally out weighs every opportuinity out there. I use to say that shiba inu might be uncertain, Infact its a pump and dumb coin but the money is real and can put one in a very good Financial standing for the period it will run.

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Win win for both blockchains and was interesting that they are looking at how we can use our Hive Power in their eco system. This should attract more attention as now suddenly Hive has more to offer and the same for Peerplays.

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let us look at how this situation will evolve. I'm very curious.

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We soon see how this coin works out end of this bull run :)

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(Edited)

That 0 to 100 move in the blink of an eye is hardly sustainable. I love the growth of Hive. It's slow, but most importantly, it's exponential.

Just like what we saw with Splinterlands, the reward for early adoption is going to be that shocking.

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HIVE!D

hookah-smoking-caterpillar-alice-in-wonderland-fan-art-illustration.jpg

A Shiba BURN would start a fantastic bull run... possibly! But no way HIVE goes anywhere with the current TEAM of Ninja Miners acting like a Mobster Government. Slipping the right file to the right investigators might even cause a shutdown to the chain... who knows? One thing's for sure...

HIVE IS ABOUT TO CHANGE!

Bigtime!

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Additionally, there is no particular way to realize such a large volume on any exchange currently available without pushing the price down.

At least the writer of the article understands liquidity even if the majority of readers don't. Such sensationalism. Much wow.

We never know what sets a market off.

I patiently await the 3speak airdrop.
Should be interesting.

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The first part of January, for the snapshot at least.

This thing is coming in phases so it seems.

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Wow so it's possible we get yet another opportunity to pump Hive with our other bags before it moons. Easy: double moon waterfall.

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One of the best financial and philosophy post on Hive! Thanks for sharing!!! 😍😍😍

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The lesson of Shiba is that things can happen at anytime!

Hive's SHIB moment is what I'm waiting for and trying to make it happen!

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Ah so peerplays is only for HBD and HIVE. I was wondering whether or not they would have things like HE tokens in the future as well.

As for SHIBA, I just think the risk reward isn't in my favor so I won't enter.

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Ah so peerplays is only for HBD and HIVE.

To start. They will be able to add more.

I believe the BTC SON is done and perhaps the ETH. Couple that with HIVE and HBD and we are getting things moving.

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@jfang003 @taskmaster4450le - What we have built into @peerplays is a type of "decentralized, elected orcale" which can talk to Bitcoin and Hive and move funds. With @spknetwork integration I am hoping that we will be able to connect with any data source -- that is to say HE also should be possible. Though its going to be bit more tricky as the data sources in those cases will be databases as opposed to verified data from the blockchains like Hive or Blockchain.

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When I read about that (thanks for all the links that you keep providing), I thought instantly of stock and crypto price feeds.

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That's exactly this is all about -- we are taking financial data, processing it and making split second decisions. I tend to categorize IBC as value transfer and data (record) transfer. Right now we only dealing with value, ie some asset class.

Once the @spknetwork SONs are done, where we will have to also define how the validator nodes are going to decide on rewarding the miners and then securely pass on that data to the blockchain listening on the SONs side. In the case of Hive or Bitcoin we don't have to worry too much about the integrity of the data as they are already final and agreed up on by the miners/witnesses and then appears on ZMQ (mempool) or public nodes.

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I was reading about this dude yesterday on /cryptocurrency, it seems that the wallet is still active, still receiving but no outgoing transactions. I would shoot myself if I'd lost the keys for the 'doge killer'.

Hype is probably the best asset to leverage on this type of shitcoins. Hive had that at one point, but if you ask me, we're set for the long term, 10xing or 100xing is out of the picture at least short term, but overall as a mean of store of value and long term profits... we are definitely on that path, and I am in good terms with that.

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I wouldnt expect overnight blastoff either. A massive 10x or 100x is not going to happen with Hive from a market perspective.

It could get there in time with development. For now, the masses focus upon the financial, we concentrate on the technical.

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You're right. Hive is very undervalued and a memecoin such as SHIBA is a pity for those, who are grinding on our home-blockchain, to make a dent. But I'm convinced, we will have our time in the sun. Maybe only when those memecoin days are finally over.

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But I'm convinced, we will have our time in the sun.

I agree. I dont think they will be able to ignore us forever. We are going to see our time in the light.

Give it another 6-9 months of development and we should have a lot to show the world.

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There's a habit I admire about you Task, not only do you show up here daily with inspiring posts but I've noticed your view on subjects are dealt with from neutral perspective, I picked that up with Doge and now SHIBA.

The term shitcoin is quickly tossed around but the same shitcoins is making differences in lives of some involved.

Again I admire your views on SHIBA pump, maybe there's still room for upwards surge or a trip down south only time will tell.

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People want to just without knowing. I have no idea what either Shiba or Doge will turn into. What I do know is the network effect is very powerful.

Many people call Hive a shit coin but I think they are going to be sadly mistaken.

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Hive is growing organically as no other blockchain, no fake hype around it, but only through the work and developments that are made. If we would put more into marketing and getting the word out there, we might be under the spotlight and be recognized for what we bring to the table. Splinterlands already showed the way, other projects need to follow and open up this blockchain to the world to see!

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That is all true. We are seeing what happens when something is developed from the ground up with use cases as the focus.

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I think on of the reasons these meme coins moons a lot is that sound money does not need use cases. Also, the meme economy is obscure territory still.

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Investing in the cryptocurrencies that nobody has in mind, is like winning the lottery jackpot in the event that it goes up, the problem always lies in the availability of capital to invest, and you also have to take into account recommendations like this one to be more sure ... thanks

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Meme coins show us that anyone can dream big and get rich, regardless of how we feel about them as useless fluff coins. They are flyers, Hail Mary type coins and sometimes the dream comes true.

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They certainly are lottery tickets. I dont get involved with them myself but there is money to be made in some of them obviously.

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Yes, it would be great if there were lottery type opportunities on solid projects to fulfill this human need to get the adrenalin rush of a lottery, but not as high a risk of complete loss of capitol like your typical lottery.

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Hi @taskmasterle

I just discovered the No Loss Lottery, which gives people a chance at a Lottery type win, but it is also a savings account, so you get your money back.

Hive is just an amazing place, there is so much going on here, that it seems impossible to keep up with it all?

How do you do it?

You seem to know all about this place?

@defigeek

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It takes money to make money. The dog coins are seed funds for other things. Let's not kid ourselves. Crypto is not salvation. We are signing up to be enslaved the more we adopt crypto. There was no privacy before thanks to 5 eyes, China, etc. The word privacy will be erased completely when our entire lives are put on the blockchain and we're forced to KYC everything we do.

THe people who became millionaires in crypto worked to fund their personal lives, they didn't work to liberate others. How many of the peple building these dapps can even be considered "decent" human beings? Just because they made ways to get rich, doesn't mean they're any better than the rapacious industrialists of yesteryear....

Nothing ever changes, just the names and faces of the players on the stage.

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yowch dude. Fair cynicism. But its always worthwhile for us people who ARE concerned with genuine decency to continue building together and carving out spaces in this world where change is possible, even if it has to be on a smaller scale than we would wish for. Keep some love in your heart my friend, there is always a cheeky little force of good to part of somewhere....

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I don't understand much about anything in this world but I can't imagine any society actually working that is this fractious and pitted against each other as ours is now.

So much violence borne out in the system through programmatic education, state-blessed police and agent violence, prisons, corruption for "regulators" at the very top all the way down....collusion at an unimaginable scale.

I don't see any societal group beyond about 100 people in a micro-community surviving in the futures we are creating now.

I want my crypto to pay for a life on a self-sufficient family farm with my loved ones and maybe friends that we all co-op and own together.

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Yes i don't think people realize everything on the blockchain is getting things closer to the 1984 world they afraid of. i mean if anything were to expediate that. Would it not be that? Every move you make corner you turn? lol.

So yes most people in crypto now are horrible and terrible human beings. I can tell you why. The reason is the most greedy of the people flocked to crypto in the first phase. These are corporatist like capitalist people and they say things like they trying to come to crypto to be free. however nothign they do not even their thought process is that of a person that wants to be free.

These are people that want to make more fiat currency in a government controlled system. They just want more system control. We know this because look at how they price everything? in usd in euros.. A true crypto person trying to be free wouldn't price anything in fiat nor would they care about it being in fiat.

So remember most people are here for speculation and gambling.. Some are stocktraders they are agents of the system lol. now someone comes like me who understands what they don't understand and shows them the only way out of this is through freemium services. Free systems that's what the early bitcoin develolpers were. THey worked ina freemium capacity. they could'nt be paid for their hours of code and programming because it was nobody to pay anyone. now what crypto is.. it's a wallstreet toy. it's the latest vehicles for banks. it's not setting anyone free and the distribution rate of crypto is worse than what we have in our standard economy.

I keep telling you all the only way out of this is a free crypto. THe development has to be sacrificially free to fix this. now is that going to happen? not in 99.99% of cryptos and that's why we never going to get anywhere. So now they would think this ridiculous creating free systems. however, who paid satoshi when he put up all the money and time and energy for his work. sure it did well and it's worth trillions of dollars now. however didn't have to be. satoshi never voiced how important it was to use this as a way to get rich. many stories was he was already quite well off monetary wise if the stories are true. So far crypto and all the projects in it with the exception of a few got it backwards. I don't think they honestly understand the purpose of cryptocurrencies. if they do the results are quite horrible. the biggest benefactors are the banks and everyone who were okay before crypto came to be. So it most certainly isn't what i think we'd want it to be.

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We all know that the people at the top of the world are vicious and are determined to stay at or near the top. That's how they got to the top in the first place, after all, they had no moral qualms about doing whatever it took to ascend the social strata.

Unless there is mass civic action to topple these cretans, we're all destined for a new form of slavery. We should reject our masters.

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You're right but we could be practicing for a better system here on hive. What do you see? The same mentality forming the same hierarchies even on hive. Same killer instinct and they call it freedom. It's still more of the same. If hive got what it wanted it would probably morph into a similar systems of what we already have. That's the most creative we can get lol.

They don't want fair and good distribution and to try to heal the system. They want the same system priced in fiat currency lol. It's the exact same people it's always been here. if they were about anything. Guess what? they'd champion systems like bitcoin myk. They'd say forget about the money we changing the world for the better. They aren't going to do that because they are those people you talking about. that's the point lol. it's baloney however the outcry from the people will eventually overthrow those few at the top it's bound to happen. It's inevitable and maybe the cycle restarts. Maybe it ends for good. However i wanna be clear about this and i want you all to know and understand and don't be disillusioned about it.

You are all those same exact people you're saying are the government. You're leaving out the part that you are the "government". You comprised the same exact spirit and ideas of this invisible force and arm. That's you all. I know you all by your fruits not what you say.

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Am I part of the government in your analogy? I don't think I am in any elite group here on HIve, for what it's worth. And definitely not on the elite level in crypto as a whole.

If I had all the money in the world to do with what I wanted, I would probably disappear to some cool land that allowed me to live an obscured existence. I'd put money into making sustainable local food production and distrubtion and make some form of UBI in a small community. I've seen cool things about experimental communities like these but I have much more research to do about the topic.

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Well the unfortunate part in this does come down to the old idea of either being part of the problem or part of the solution. There is also the idea of being copiable. So some people stand on the sidelines and the hope is well i'm not doing it so i'm not responsible. However you kinda are. The bottomline is we support these type systems. We're why they function.

If people care about society and others they'd advocate for systems that serve the people and common good. You see it's not just enough to identify the problem. Do you make any attempt to address the issue? That's what we need.

I think it's an excellent idea to dig deep into ideas like ubi. Unfortunately we don't have unlimited options here in these scenarios. Maybe you don't have the systems or solution or are active to try to help fix issues like this. Do you support the systems that are dedicated to solving the problem? Are you doing that?

If you're not doing that and not just you everyone else. Then you're part of the problem. You're not helping anyone. If you're a whale on hive you're helping yourself you're not making an economic prosperious system for others. You're just up here trying to make money for yourself if you can do that then you're going to be satisfied with the system. A small percentile of people and everyone else does not or they leave or we never evolve and hive remains a 200 place coin stuck ever under $1.

When it could be the best distributed coin. Doesn't take much. It just takes listening and reading and studying and not burying heads in the sand. Doesn't take alot all it takes is support. All it takes is joining networks that do this.

Now why on earth would it make any sense for me to support networks that help like .0001% of the people to prosperity and the other 99% plus don't get anywhere? Does that make sense to you? So support the systems that work to make things better. You know which ones do that and which ones don't. Everyone does in reality however in some misguided course they think this makes more sense lol. It does not, lol. So good deal so far i do like your thought process. Seems alot different than most who have to kiss up for upvotes. However if you don't stand for something then you end up following for anything even if it's not the best thing.

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I know EXACTLY what I would do with $5.7 Billy!

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does it involve whipped cream?

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It involves whipped cream, a diamond encrusted Russian made helicopter gunship, the Olsen twins, and Judi Dench.

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haha. amazing. Although you might be just shy of the mark if you want to bag judi. she's ultraclass

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She is! I should have said, "Dame Judi Dench."

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The risk with meme coin is hyperbolic.
It is fresh money paying for folks that were holding
a while back.
It just to show there is a demand
for everyone to be part of crypto.
Great detail post.

!BEER

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It is true the risk is there. However, it is also evident the reward can enter the picture too.

Good for a lottery type situation and I hope people are taking profits along the way.

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Food for thought.But Hive is not is the same asset class as Shiba..In the long run with,proper understanding of the economics surrounding hive one can get further in an organic and sustainable way

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That is true. I agree with you about that and that is why I am dedicated to Hive for the long-term. That said, as we know, most do not have that type of focus. Instead, they simply want the quick hits.

The long game is where I believe the massive fortunes will be made. Sure some will be able to time a SHIBA right and end up doing very well. I think most will end up riding it up and then back down.

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I just recently bought 25$ worth of Shiba and last I checked it was worth 60$. Really happy with that! I’ll check it again to see how it’s moved. If it goes up to .01$ I’ll be sitting quite well! Lol

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Good deal.

As a lottery ticket, smart move. I hope it gives you $100 or $200.

Enjoy the ride and if it crashes, good to see you dont have much into it.

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Awesome post spot on @taskmaster4450 i am seeing that when you look at a lot of tokens they don't have the same staying power in the long run as a token that is connected to platforms like Hive.

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A lot gets pumped up but doesnt have much behind it. That is why they end up dumping and never recovering. We saw this same thing happen in the dotcom era.

Nevertheless, I stick with Hive because more development is taking place. I can only hope some of the things we discussed for so long start to see the light of day.

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This was a crazy run. I would love to have some investigations on the people/whales behind this. They must be organized group of individuals to pump it up so consistently.

It looks like the pump is now kind og dying, then we had DOGE and now it all settled. What is next? Who knows ! Wven SafeMoon starts to pump now xD

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With crypt, you never know. It simply is par for the course. Pumps and dumps are easy, especially if there isnt much market cap to begin with.

In the end, it is a developers game in my opinion. Stick close to that and one will be fine.

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Hive is the number one decentralized social platform.
I visited noise and blurt and the russian one back then (golog or something), nothing compares to the Hive community, it would make sense to see Hive in the top 10.

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We still have a lot of holes in this boat right now. The positive is they are being worked on. @splinterlands gave us a glimpse of what is possible. Thus, we just need to keep pushing things forward even more.

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Whats the biggest hole in your opinion?

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There will always be pump coins. But with hive this is building the future not your wallets only.

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Well for me it proves that crypto rewards the crappiest projects. That's an unfortunate shame. I think it just points to if you really want hive to succeed forget about making something that actually is of benefit or is considered a good project.

Just make some gimmicky project that can go up in value through good hype and marketing. I think the biggest mistake hive may be making is concentrating on development. That's like the hex coin project under richard heart found out like 90% of crypto is complete garbage started something 90% of the people thought was a scam almost was a provable scam, in fact i think they proved it and it still went to billions of dollars in value. They now creating a legit blockchain. So if anything this proves in crypto and i don't know for how long. However it does prove creating crap and enough hype and enough unintelligble people wiling to throw money at something can make a few people rich for a time.

Are these products actually helping the world creating economic prosperity. i don't reallly think so. I think it's like anybody can win in las vegas. like it's nothing to stop you from going in vegas one evening and winning a million bucks. i just don't know how likely it is. I don't think it's likely either that alot of people are doge coin or shiba coin millionaires.. I think a few people got lucky at the top. For the most part it's probably just more bad distribution. So will this change in the future. i'm not really sure. future hard to predict.

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To start, when you look at Shiba, you realize there is very little there. Sure it captured the attention of many. However, what are the use cases? Where is the sustainability coming from? While it could be there, it is hard to see at the moment.

True words! With inflation we're seeing even in US - we can get Hive at hundreds of $$$. We've seen this stuff play out with Splinterlands. If a Dapp could do it - main chain should totally be able to do it.
!PIZZA

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