Yesterday was the worst single day on the markets for my biggest ever single loss of value.
Practice what you preach.
It is best to take the approach that everything can go to zero and while I felt that knot tighten in my stomach - stiff upper lip. This is the cost of playing the game and some games are more expensive to play than others.
I used to game a lot and spent thousands of hours a year in front of a screen. not much has changed of course, except the game. I just noticed that my total post count on Hive clicked over 40,000 and was thinking about how many hours that translates into, considering that 4000+ of those are top level posts and are generally at the lengthier end on the platform and my comments aren't necessarily short. In January I will have been on platform for 4 years and the hours spent here must be enormous and probably, more than I used to spend gaming.
Is it worth playing the game?
While I didn't spend much gaming and have put far more money into Hive over the years, there was also no return on my gaming other than the "fun of it" and the social side of hanging out with one of my brothers who would also game a fair bit back in the day. Other than that, there was actually a social cost to my gaming in regards to my relationship with my girlfriend at the time, as it did occasionally become a point of contention.
Admittedly, over the year, my time writing has also been a point of contention, yet there seems to be a subtle difference in the conversation. I do not think my wife would be nearly as forgiving if I was gaming, but since there is the potential for some returned value on the time in Hive, she is slightly more willing to see it as a healthy hobby. It is funny how a little money changes the frame of the game.
Whichever way I look at it, I feel I am far better off having picked up the Hive and crypto game over the last years, as it not only has the potential to provide an income of some sort, it also has given me a hobby that I feel has helped me become a more rounded individual, as well as a better member of my communities, on and off the platform. I don't think online gaming improved me much at all and I don't think it had any positive impact on my communities. Maybe it has for other people.
But, there are costs to the crypto game and one of those is coping with the sense of loss, as well as managing feelings of fear and expectation. As I see it, these are things we should be developing in ourselves anyway, so may as well do it with a little skin in the game with the potential of a ROI. I wonder if a lot of the way people play online games would change if there was the potential to lose money directly, not just time. I would assume that even at the low levels, people would change their behaviors quite aggressively. I look forward to it - we are paving that road now and will see it take more of the limelight over the next couple years.
There are something like 2 billion gamers in the world - how many are really willing to put their skin in the game? It seems that people are willing to pay the purchase price, but what about more than that? Yes - Yes, they are. The mobile games with in-app purchases are already driving the change, but they aren't returning much to users. Once there is ownership of the gaming experience available however, I think that gamers will start being far more serious in their approach.
Gamers get vile when they think someone is hacking - how will they react to a loss of money?
Crypto is a fundamentally different game because of the money involved though - as while gaming itself is pretty well sectioned off from other aspects of daily life, crypto lays at the core of much of daily life itself - economics. It is far easier to come to terms with the loss of time played, than money lost - even though as they say, time is money - which isn't actually true, it depends how you spend your time as to whether it is worth anything or not. For the most part, we spend our time consuming, which means our time is money except it is money for someone else.
For me, the events of yesterday represented a massive loss of time and energy on and off the platform, but that is the way the cookie crumbles, so best see what crumbs are left to work with.
Taraz
[ Gen1: Hive ]