The Hive community has a ton of unrealized value. Not just in terms of market cap of the token but simply the people themselves. Justin Sun knew this; smart guy. That's why the vulture capitalist was so eager to assimilate us into his own network at such a discounted price.

Why is that?

If you're like me and you've been around a few years, it's easy to forget the overhead cost of onboarding. Simply figuring out what the owner/active/posting keys do can be a pain for those who don't know any better. The same questions are asked over and over and over and over, and they will continue to be asked.

• How do I use my keys?
• How do I safely transfer funds?
• What is the value proposition here?
• What is proof-of-brain?
• Who controls the network?
• What are some good tips to build a network and value?
• What kind of future potential can we expect?
• How do I trade my rewards for other assets?
• What is an NFT?
• When SMT?
• What is a Witness?
• What is consensus (POW/POS/DPOS)?
• ...

Truly, the list just goes on and on.

Surely some of these questions have open-ended answers that are open to extreme interpretation, but if you showed this list to users on the Hive network, most people could answer most of the questions. Knowledge is power and has a lot of value.

Turns out crypto is pretty complicated. Doesn't seem that way for a lot of us because we already did our homework years ago. It's like being flabbergasted that grandma can't figure out email. Why don't they 'get it'?

Truth be told, we would still be on Steem right now doing Sun's bidding if he had played his hand correctly. He was holding four-of-a-kind with the ninjamine but didn't realize the community holds the royal flush to trump all the nonsense he put us through. Had he backed off and been less aggressive while showing he had value to offer we never would have left in the first place. Instead he double-downed his position into the dirt, and now he owns an empire of such.

It should be obvious by now that the reason ol' J-Dawg was willing to spend millions on the network is because, even though the community is small, we pretty much know exactly how Tron works due to our exploits on Steem. For anything we don't already know, we have a platform designed to educate others and even pay to distribute that information in the form of "quality content". It was a seriously no-brainer purchase brokered by incompetent leadership on its last legs. Too bad he didn't realize how community works as a master of corporate culture.

So JSun got caught with his hand in the cookie jar, and ended up getting stung pretty hard. The Hive has moved on without him. He no longer gets access to a community that automatically knows all the things in advance.

• How to use a centralized exchange.
  • KYC overhead
• How to use a self-hosted wallet
  • or even a hardware wallet.
• How to transact using a DPOS platform.
• How to vote on a DPOS platform.
• How to be diluted by inflation on a DPOS platform :D

It's not a long list, but even a short list of things to figure out is a huge barrier to entry. The Hive community has already climbed that hurdle and is looking for more on the daily. Now that LEO has these LITE accounts onboarding just got way easier, thereby making it more likely that new users will figure out the platform on their own time rather than slamming into a brick wall right at the start of their journey.

We live in a culture of instant gratification. If signups are harder than providing an email address or social media credentials, then signups are too difficult.

Analysis

We have something that a lot of other networks don't have. Where do other networks go to talk? Where are the Link Marines? Where are the XRP zealots? What about those leet Ethereum devs? They're using centralized services like Reddit, Twitter, and Discord.

We also use these services, but the ability to transact directly on chain and be able to click an upvotes button that 'simply' 'creates money out of thin air'? That's legendary. And the market certainly doesn't reflect that value at the moment. That's just Speculation vs Fundamentals. The broken clock is right twice a day. The Golden Cross will collide eventually. Bets on 2021.

Posted Using LeoFinance ^Beta

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