If you have been following this blog for a while, you know that I am a fan and supporter of Hive's "Layer Two" projects, particularly special interest "tribes" as they exist via Hive-Engine.
Sadly, this seems to be a path fraught with difficulties and failures.
Well, to be honest, the "fail rate" is very close to 100%.
As the name suggests, this account originally was created to support the PAL community, likely the oldest "tribe" that also existed back on our original chain.
Most recently, I changed direction to support the once quite large and influential "Proof of Brain" community... with its own high-flying token, and even TWO free-standing front ends, at one point.
It is with some sadness I have had to conclude that the second of two Proof of Brain web sites have now fallen by the wayside.
The first one — at https://www.proofofbrain.io/ — went away sometime close to a year ago. Now the second site — at https://www.proofofbrain.blog/ — also appears to be gone.
Of course, there is still a Community within Hive and there's the Hive-Engine POB token but without anyone to "guide" these and move them forward, I expect we are headed towards a slow and inevitable death.
I could be wrong, of course...
Thankfully, I am a very small investor. That said, it makes me sad to see the stakes I worked rather extensively to build quietly end up becoming pretty much worthless.
Which brings me to the somewhat sadder realization that crypto really isn't an investment, but more of a lottery. The typical patterns seems to be a sudden rise to the heavens followed by a crash back down, followed by obscurity.
Could be that I am just old-fashioned, but that doesn't strike me as actual investing.
What makes me say that is that the vast majority of crypto projects seem to have neither a business plan, nor a unique value proposition.
In looking at my experiences so far, I'm tempted to take the direction of working more towards building a savings balance than actual investing in projects.
Simply accumulating HBD — with its relative stability and 20% interest rate — looks more and more attractive, and certainly a lot better than trying to pick something that will actually succeed, in the longer term.
I'm not saying that I am done with our communities, just that I am done with the "wild west" aspects of them... supporting things that don't have a solid long-term plan.
Community building is difficult, and hard work!
Thanks for coming to visit, and do leave a comment if you feel so inclined! This is "social" media, after all, so it helps everyone when we make the effort to BE social with our fellow content creators!
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