RE: DHF is Leaking ~$700,000 Dollars of Value Every Year | Economics and Market Analysis

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Yeah, I have been in crypto for 11 Years and STEEM / HIVE for 8 years. Had the first Bitcoin ATM in Arizona, was a technical mentor for the EOS Hackathons in Sydney, San Francisco, Africa (Remote) , have done various other things in crypto and have a computer information systems degree from a respected university but I have never been able to get a job for a blockchain related company or get funding from any proposal I have submitted on various chains. Everything has been self funded for me.

I'm not trying to cry about it because like you mentioned there have been a lot of people who cranked out projects and had working products and still didn't get funding. Once I saw a lot of that it made more and more sense why so many people leave projects and launch their own thing. It is like churches in the Midwest. They just pop up new churches all the time to control their own funding model of people donating to it.

I'm not trying to act too bitter or anything about it. Others have done more than me and got nothing.

Overtime there are a few things I have realized. A lot of these blockchains are more like testnet scenarios with a bunch of people testing on it but a lot of people not agreeing and there isn't as much central direction which has advantages and disadvantages to centralized organizations.

I always do calculations on these various blockchains to see how much it would cost to take a position large enough to have considerable control and then do the risk assessment if that makes sense or if it would just make more sense to launch my own project and how much that would cost and what are the risks of that. Considering the SEC likes to sue everyone it becomes a major factor in the back of my mind.

Once the momentum and liquidity dries up there isn't enough funding to self propel these chains and people are onto the next new thing. We are into that situation with DTube.

I guess the biggest worry is what if things clinch up so much with HIVE that it ends up in the liquidity situation that has happened to Golos, WEKU, Bearshares, Serey, Blurt, WhaleShares..... Sounds bad but as the prices sag everything clinches up even more. Those in control hunker down even more for better or for worse. Then people feel like it is too much of a risk.

hive
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I have never been able to get a job for a blockchain related company

This was very surprising to hear. A resume like yours is extremely good. I only touched cryptosphere in 2017.

BLURT is doing somewhat okay and there are many authors from South Asia. Steemit is somehow doing good with web traffic. HIVE should be able to manage fine because of all the development we are seeing around. My fear is that some new Web 3 social media project with VC money and fancy marketing will take most of the marketshare.

I feel second hand frustration about many of the things you have gone through. The only way out for HIVE to get back in Top 100 is to onboard as many DAPP developers as possible and take marketing seriously.

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I compare some of the stuff to other projects that are fighting through a similar type thing from a different angle. Telos and WAX are two projects I look at that have a lot of positive things going on but have slipped way down in the rankings.

STEEM Has a Tremendous War Chest that isn't hardly being used. $4,664,052 X $2.41 (SBD) = $11,240,365. Not using it and not developing much and STEEM is in a similar position. Kind of strange yet interesting.

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