So I've started shilling Leo, Hive and CUB not only on Facebook but also in person and at some corporate events. Like lastnights event. The interesting thing about corporate events is that I'm not bringing it up, others are.
It appears that cryptocurrancy is a taboo thing to talk about but I'm learning that alot of people are in it, they're just not in it in the right places.
A discussion arose lastnight where people were talking about Bitcoin and I didn't enter right away. I have to admit being involved in politics I am scared. If I say something people may take it as gospel, go all in and fail. Then I would be to blame, so I don't often jump in.
But a discussion arose where I was asked where I had money sitting as everyone was holding Ethereum and Bitcoin. To which I responded that I don't hold any, at current I was all in on Hive, Leo and Cub.
I explained what they were and to my surprise quite a few of the corporates had heard of @Leofinance and could see the use case. I asked how come they hadn't invested or gotten involved.
I was quickly reminded that these guys don't blog, they have no visual presence their focus is investment. The main focus was ROI. To which I explained CUB and where CUB was at currently. They were surprised about CUB and did want to look into it.
Ease of Use
Ease of Use was a point of discussion and it resonated with me about the challenges of accessing the service. I spoke how it took me some time to learn how to stake and transfer all the required finances to start staking. One of the corporates said, "there's the issue young lad, you have the time to do that. For me it would have taken 3 days and in that process I would have lost a million or more from other projects I am working on. I don't have the time
The main form of investment and market entry for people at this level was a centralised exchanges. Transfer $1million, buy the coin and leave it sit there. Based on current trajectories they were all in agreement that bitcoin will continue to grow.
They have enough cash to dump into bitcoin to have nice ROIs but they also know they can make more an alts. But the access to the alt market and information on what to buy is not readily available or easy to access.
In a flooded market less risk is always the best option so Bitcoin and Ethereum remain a top or what's referred to as a "blue chip" investment.
The idea
After discussion with people we were wondering why Leo finance or Hive doesn't have its own entry point. Based on user uptake and account creation it would be beneficial to set aside tokens for at the point that people register an account they can purchase some tokens.
There are some risks however, for these guys and people like them money isn't that much of an issue so there would be nothing stopping them purchasing 100k coins at point of entry and HODL. So I'd anticipate such large purchases would inflate the cost and then there is the added risk of dumping.
But I don't think the current system prevents this anyway as the only thing preventing this at current is the lack of central exchange listings.
So I wanted to know is it possible to have Hive move into an exchange, I didn't think it was possible but as I talked it through others and spoke to the Hive Exchange they informed me that it appeared the tech was already there. It just needed an overlay that accepted cash, or more so someone that would accept the cash in return for Hive.
Their assessment was that Hive had a better option due to the DHF as it was already putting aside tokens. The barrier would be on who and where that cash goes. Perhaps it just automatically purchases more Hive from centralised exchanges or uses the cash to purchase other tokens to offer. Creating it's own financial system.
They spoke of the creation of a centralised but decentralised exchange with an income and the ability to list other tokens.
I'm not sure how all this works as I'm not a developer and I don't know the work involved in it. But the message coming across from the floor is that it was still too hard or too complex to access.
These guys want a deposit click and a transfer click. No need for anything else.
It was quite the interesting discussion and a $5 value was flouted within a few months of implementation but again it is just speculation.
But what are your thoughts? Does Hive or Leo need a direct entry point built into it which reduces the amount of work required to invest and is this a possible achievement?
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