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RE: Liquidity Black Hole Theory and How it Now Applies to WLEO

in LeoFinance5 months ago (edited)

With the move of LEO to go cross chain; Wouldn't be the logical next step to move to LEO's own home chain? Or do you think the content part of LEO is well off being the HIVE chain?

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I think hive is the best blockchain in the world for connecting the token distribution/content storage of LeoFinance.

That said, something major needs to change with Hive’s second layer/SMTs for us to reliably keep the native LEO token on the hive chain. We’ve all waited so long for a decentralized token protocol and @theycallmedan is one of the only people who is making the push to get this done as others have sat back and done nothing to achieve it.

I’ve spent the past 16 months building LEO with the hope that we’d prove the viability of tokenization on Hive. Now I hope that everyone sees how important it is to deliver on a decentralized Hive token protocol. Whether that’s first or second layer doesn’t matter.

A lot of people have asked recently if we have any intention of moving off hive - the answer is not unless a nuclear scenario forces us to (something wrong with HE/no hope of a decentralized token on Hive). If you cut me, I bleed Hive but LeoFinance’s security and future will always come first. With Dan now working to get this delivered, I feel that we’re closer than ever to a true token on Hive

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I read messages from a few HIVE users (witnesses I suppose) SMT is not that important anymore, Smart Contract should become the next thing, which makes SMT obsolete, in their views. Now I hope they don't forget SMT in whatever form, but must be decentralised. Otherwise you may find a new home for LEO at the KOINOS chain. From the little we know about that chain, what it tells me that everything can be build into smart contracts, its gonna be fast and its fee-less.

I do hope the HIVE guys pickup the speed, since the speed of LEO should not outpace the changes needed to HIVE.

I do hope the HIVE guys pick up the speed since the speed of LEO should not outpace the changes needed to HIVE.

When they forked they claimed there're 75 devs. I wonder?

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When they forked they claimed there're 75 devs. I wonder?

Hahahaha, 'they' claimed a lot; Kinda like what marketeers do! But when nobody wants to work in an organised way, nothing really happens. The statement when I try to form some team for some of the concepts and propositions I have, I usually get the feedback: HIVE sells itself, bringing HIVE to the market shall not be like a normal business. Furthermore I get no response at all from Devs to join in a team to materialise any of my ideas.... Ok they maybe super bad, but I don't believe so :)

Decentralization is good.
Or is it?

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Hahaha, difficult to get something going really LOL

Blocktrades also has some things in mind.

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That would be like changing the engine during a race, I don't think that matters at this time, others have explained it better though. I do like that Leo is reaching out to other chains to let them earn their own tokens too!

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I do like that Leo is reaching out to other chains to let them earn their own tokens too!

Absolutely! And the way they do it, I really like. Not by duplicating the tokens for distributing, but by the ability to swap them.

That would be like changing the engine during a race

A nice challenge :) That said, Khaleelkazi explained in his comment what HIVE needs to add for LEO to prosper tohether with HIVE. And I agree to that point: SMT or some other decentralised form to create and manage tokens on top of the HIVE chain.