Hypothetically - What if hive-engine goes offline forever?

in #leofinance2 months ago

SPinvest is a tokenized investment fund/club experiment open to all HIVE users. The concept of SPinvest is to get rich slowly by using time tested methods of earning, saving and compounding long term. We encourage long term investing on and off the blockchain. We hope someday everyone will HODL some SPI tokens that can be bought directly from hive-engine by search SPI.
SPinvest has a proven history of success


Hive-engine is down!

Hello everyone, many people are having problems accessing the hive-engine website and it looks like they are having some problems getting it back up. This is turn means that everything running on SCOT is down as well so im sure alot of people are holding off posting as they might prefer to use LeoFinance. This post is focused on investment tokens on HE, not so much tribe are other types.

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Im not sure what problems hive-engine is having, I have seen in their discord server it had someone to do with the DNS setting on your computer and IP address's meaning some people can access and others can not maybe depending on what region of the world you are in. I really have no idea, but there are another 30 words to the post, haha. All I know as an end-user is it's not working, im not interested to change any setting on my computer to use an exchange. Would use change setting on your computer to use Binance? no way.

Anyways, well HE is down and im sure it will return soon I must take the opportunity to point something out and show another reason why SPI tokens are so different than other investment/index tokens on hive-engine. Go into your HIVE wallet and click on the "HIVE-ENGINE" part. You will see something like this

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Bummer, all your hive-engine tokens are gone. What were they worth, are what are they worth until hive-engine gets back online and running again? Somewhere around 0 would sound about right to me and I would guess most peoples hive-engine wallet is worth more than their HIVE wallet. If hive-engine were to go down and never return, i think this would be one of the worst things that could happen for HIVE. Im sure it'll be online again soon but if we're to go offline and never return, the ripple effect would kill off so many projects. Yea, some would adapt and something would replace it, airdrops would take place and people would get their tokens back on another sidechain but it would be terrible press news.

All would not be lost for anyone holdings SPI tokens. You might not be able to access your tokens, but we snap the SPI token wallet balances daily so a list of who holds how many is easy to obtain. All trading transactions would cease as we would have nowhere to trade and dividends would continue in the form of HIVE. Of course, weekly earning's would be destroyed but we are strong already and not so dependent on HIVE earning for growth anymore. Here would be the SPI token price today if HE were to go offline forever.

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Each SPI token would still be worth 5.46 HIVE each. I dont like to tut my own horn but no other investment/index token can offer you this, SPI tokens really are the gold standard of HE investment tokens. Nothing else is even close in terms of being a store of value, a term i have never used for SPI.

Why would SPI tokens survive?

We have a big HIVE POWER balance and many off-platform investments. Our main off-platform investments being 1.06 BTC, 5 ETH, about $10k in LP's and about 10-15 smaller investments ranging from $50-$1000. If hive-engine were to go down, SPI would lose about 168k HIVE which is less than 25% of its total assets, no biggie really as we'd still be 5x up in terms of dollars compared to 12 months back.

I have been pushing and highlighting all of SPI token advantages for almost 2 years and in great detail as well... and still, nobody has come up with something better? There have to be smarter minds on HIVE than mine that are able to code something that could blow SPI out of the water but it's not came yet. If I could code, I would be dangerous (maybe). I had hoped others would have been inspired by what SPI has done and tried to better it, I'd like to invest in such a project and support it :) instead, we get watered down versions and with no long term vision.

Anyways, just another great reason to hold SPI tokens

coming soon again to hive-engine, haha
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AccountsPurposeOperator
@spinvestMain account and bankMany
@spinvest-leoAll curation is done from this account@jk6276
@spi-steemcityAll gaming is done from this account@shitsignals
@spi-paymentsUsed to pay out weekly dividends@silverstackeruk

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Diversification is always a must to win.

Posted Using LeoFinance Beta

Horrah for SPI tokens!

Not only are they a great investment but when first bought it was really simple to do. More complicated now since we have to go via Hive-Engine. But it was so easy to get set up. I'm very happy that I was in the right place at the right time for this.

Posted Using LeoFinance Beta

It is nice knowing that there is some protection for the token.

I could access H-E, but it was displaying my LBI balance from several days ago.

Gotta admit that I’m still disturbed by the hack they experienced a week ago. That Hive was stolen (and then returned) was bad enough, but they had Bitcoin stolen too which suggests lackadaisical security.

I hear ya on the dangerous part, we sail a similar ship.