I'm happy to announce that all the buying at the 0.12 to 0.15 range has paid off.
I now have an even 50,000 SteemLeo powered up.
Feels nice; get that nice unit-bias round number in there.
Rather than get greedy with the market like I did last time, I'm instead opting to provide liquidity where nobody else is. I'm essentially taking my own advice when it comes to getting reputation for adding liquidity to the market. When someone undercuts me I move to a new level where no one else is providing liquidity. Right now I'm at the 0.21 and 0.23 levels; a nice profit if they sell considering where I've been buying.
My sheer whale status is really starting to show itself by the fact I have 50k coins and there are only 8.5k coins of liquidity down to the 0.1 level. I've invested a lot into SteemLeo, and I think there are several advantages to digging my heals in here.
First and foremost, being a whale on SteemLeo gives me a platform and a built in community. I have a lot of incentive to build value for this network rather than trying to start up my own. In the event that I actually get a dapp up and running that utilizes the SteemLeo coin, I can "insider trade" the market and buy more coins before I released said dapp. Of course, this isn't even illegal because there is no regulation in the space and all the coding I would be doing is open source and not really inside information.
As someone who can generate 130 coins of inflation a day (13 coins * 10 votes/day) I imagine a time when Steem retakes $1 parity and SteemLeo reaches and all-time-high of 1:1 parity. It's fun to daydream about being able to generate $130 a day passive income (not even counting Steem). Taking my Bitcoin, Litecoin, Ethereum, Binance, and Maker investments into consideration, and I might be sitting very pretty within the next two years as Bitcoin completes another 4-year cycle. One can hope.
Bringing value to the network.
Ideally I'd like to complete:
- my rock/paper/scissors clone
- a basic lottery that utilizes the unhackable RNG of POW coins.
- a trading bot that grants reputation for providing liquidity.
- return to my Cards Against Humanity clone.
After all that's done the goal would be to start work on turn-based RPG similar to Final Fantasy.
Automation is the key.
Daniel Larimer built this place and Bitshares. In doing so, he proved that DPOS is decentralized enough to be valid. He completely lost control of his own projects and abandoned them. Now we stand alone as our own network. In essence, he automated the networks from the beginning and gave the power to the stake holders (as intended). He has not been so lenient with EOS and Voice. We'll see if that level of centralization is worth having (I doubt it).
DAPPS need automation.
The same is true with dapps. Creators can automate development by creating a skeleton that monetizes itself and puts the community in charge. Value needs better distribution so projects can gain a critical mass of zealot adoption. People are clamoring to get paid for their work. Developers just need to meet the community half way.
Example automation.
In my rock/paper/scissors clone what I am focusing on the most is the backend management of custom JSONs and money transfer through betting. Once I get that down I flush out a very poor looking frontend. It will look pretty bad. The idea here is to get other people excited about the project and incentivize them to make their own frontend and charge for it. By decentralizing development the game will eventually program itself without my help and I can move on to another project.
Conclusion
We are so early in the game. The Steemleo shop came out recently, showing that if we all work hard to build and participate in these networks the value can only build up from here. Flat architecture will let crypto scale to a level that the legacy economy never could. We just need time to organize and build a critical mass as the world figures out how to participate in this foreign collaborative economy as it emerges.
Posted via Steemleo
Return from SteemLeo Support Defended (Dapps and Automation) to edicted's Web3 Blog
