Well what you have to understand about deflation is it only works when there is significant growth in crypto. So i think people don't quite understand that. For example if you look at bitcoin myk.
Most of the crypto was bought at a price of about .000025.. NO matter how bad the market gets due to it's deflation model it seems almost impossible to go back there. We have historical evidence of that.
if you look at bbd coin it started at $1.. i think it's about $5 now it has the same exact situation. the price can't seem to get back to $1. Why is that? Well my theory is because of not just the deflation model but the fact people are still incentivized to come in based on it's freemium service model and at some point most of those people still end up contributing to the project. Now with over 18,000 reqgistered accounts and thats' not hard to believe because it's a free deflationary crypto, lol.
One theory was free means the crypto won't have value. That's not how value works though. it's not just based on if a whale or a person purchases it or not. It's based on the attention value which is why facebook can be worth trillions of dollars without me having to buy facebook stock or pay for a membership to the site. Data selling which is incorrectly stated it's not exactly data selling but even if it was it's still not necessary for facebook to make billions of dollars. They don't have to target ads to you to make tons of money etc.,
So my point is this. I don't know exactly what's going to happen to polycub but as it doesn't understand being deflationary i'd assume it's going to fail. not because i want it to. i think it's going to fail simply because my belief is defi is so oversaturated with alot of crap and baloney it's like being in a crap show you can't find your way through and the fundamentals are just too vague .. I don't even think you can market your way out of a nightmare like that.
Unfortunately the pool of funds on hive which i would imagine is it's biggest benefactor wouldn't be big enough for that. So yes deflation is one thing but proof of brain is showing us not done correctly they all go down as well. It is only with a solid growth plan like bitcoin myk and bbd coin has will you solve this issue.
that is because large growth will create either a stable currency like what happened to doge. if you look at doge coin for years the price of doge never moved. You know why that was? Because doge was useful it wasn't a speculative device, lol. I'm trying to help you guys understand that but you refuse.
So doge was useful not just based on it's popular meme quality but based on being on a pretty reliable and thorough proof of work system and a pretty stable currency you could move and it's the same thing when it arrives, lol. That's useful. Not many projects have that and that was before elon musk.. i think elon messed it up. i think it could have moved up just as it was and eventually got to it's destnation naturally without Elon.
So that's my goal for bitcoin myk and bbd and i will hit it.. but the goal is not mindless speculation. So i would say good luck to you guys but honestly i don't think it's going to be enough. You gotta have a solid plan that makes sense that people need. Not just intial hype and hopes.. You need a real plan for the future. So yea
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