Do you guys ever wonder why "crypto twitter" is all about memecoins, rugpulls, margin longs, vc money, etc?
We're addicted to quick dopamine hits and instant gratification. We've been programmed this way ever since private companies run social media platforms built on the premises of casino psychology.
Ofc by we I don't mean everyone and without algo's, fake activity/views and platforms "wanting/needing" us to continue being here, we're not affected the same.
When your investment is just "there" and ready to be sent out at any time anywhere there's a high risk people sit there jerking their knees wanting it to go higher, be bigger or do more with it than just wait for price changes. Can't even begin to imagine what they must feel like when they're under like many may be now with alt coins.
Now sure, we're also down with Hive (if you happen to be one of the very few who bought in at the very small window when it pumped and powered up your stack rather than keeping it on exchanges - which most do), but that may just mean that we don't have too much lower to go. Most of us here are not "down" per se. I assume most whales here have done well elsewhere too, so they're not really in a rush to sell of their coins "at any price" like some earning minnows may have to or people who receive sudden costs that force them to liquidate.
Our token just works differently. It introduced authors to the financial side of hive from the get-go, as soon as you earn your first author rewards you get half of your rewards in stake and get to learn about voting and curation rewards. The unstaking period also gives you enough time to think things over and in worst case to recover your account in case a hacker changes your keys. Something that many top crypto currencies still lack and such feature built on-chain.
Yes, we may get some dopamine when we first get here and we start getting our first big votes (big in terms of hivepower cause who are we kidding at these prices). We may get some dopamine when a big user follows us, when we run into amazing content, when we get some fun comments or replies to ours. Over time our experienced users I don't think get much dopamine from rewards any longer. It is not the same to web2 social and rest of crypto.
There they don't chase votes and potentially more consistent support, they chase the "get-rich-quick" schemes that often leave them starting from 0 again and waiting for the next paycheck to throw at the newest trend.
They don't show accountability and reputation when it comes to investing in new tokens on said networks because everyone can create millions of wallets instantly at no fee so they can fake whatever activity they want to trick you into thinking this is the next unicorn investment.
We're not the same and hive is therefore not for everyone, but I think that's a good thing and I'm looking forward to people who are tired of the daily struggles and gambling to join us eventually and relax a bit and put their coins to work and do some good with them rather than just aim to get more fiat than their neighbors.
