RE: No, DASH Integration Won't Negatively Affect HIVE's Price

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Absolutely ridiculous. Allowing users of another chain to be paid out of the Hive reward pool straight into their own token? Seriously disgusting. Who's providing the Dash for leodex?

They'll be paying premiums in Hive

Not a drop compared to rewards being taken.

hive-167922 dash hive earnings finance hivepizza hivehustlers slothbuzz inleo cent
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I think most people on HIVE are already throwing their rewards outside of the chain, so at worst, nothing will change. And I think new people = more activity = more potential for people to have stake in the platform.

Well, if I was proven wrong, I'll go back to this and admit I was wrong.

!RemindMe in 3 Months

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Good morning, thanks for the reply. Would it not be possible to Leo tokens instead? Use this exchange to change their payout into Leo?

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I understood your question in two different ways so I'll answer both of them:

  • Why not give DASH users LEO Tokens Instead of DASH Tokens?

    • The whole idea of this initiative is to market it "Use Decentralized Social Platform and Earn $DASH while doing so!" There are many ways to spend DASH but not many ways to directly earn it, so this will be highly attractive offer for them.
    • Now, while this sounds like only the DASH side will benefit, I don't think so... HIVE is in dire need for new users and more activity... Platforms spend millions to get people into their ecosystem. Marketing HIVE in other ways seems to have failed, so I think this idea is worth trying.
    • As DASH people learn more about HIVE, some of them will surely want to have stake in platform: More HIVE POWER will be bought. Less money flow out of the HIVE ecosystem.

  • Why not convert the LEO Rewards into DASH instead of the HIVE Rewards? That way, only the LEO platform loses if this idea didn't go well and not HIVE as whole.

    • LEO Rewards are already to be converted into DASH via this initiative. If DASH users spend their time in the INLEO exclusive "LeoThreads" then most of their Rewards will be in $LEO form anyway.
    • If they did spend their time writing Long Form posts, it means they are more dedicated: Higher chances of them wanting more HIVE Power.
    • Still, this idea is worth suggesting to INLEO team, though they might find it unnecessary.

As I said, people bleeding HIVE dry is already a problem here, it's decentralized platform, we can't and shouldn't tell people what to do with their earnings. I think that even in the worst scenario, nothing will change.

What we need is more users knowing about HIVE and telling other people about it. If a whale discovered a platform with 1M active users, they'll be more likely to invest in it than a platform with 100K, active users!

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Thank you for a well thought out and in-depth reply. Very much appreciated :-)

we can't and shouldn't tell people what to do with their earnings.

and

HIVE is in dire need for new users and more activity...

Absolutely agree, of course :-)

It still feels very wrong to be rewarding Dash users with no interest in our blockchain other than reaping reward on the off-chance a few may stick around and invest but I look forward to chatting to you again in 3 months and hopefully being proved wrong!

Thank you once again for taking the time. Have a great weekend :-)

PS Last thing, is there no way that Cub tokens could be used to play a part in this venture?

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I'm not sure, is it discontinued?

PS Last thing, is there no way that Cub tokens could be used to play a part in this venture?

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I totally understand, but I wouldn't get behind this idea if I didn't think it has more positives than negatives.

It still feels very wrong to be rewarding Dash users with no interest in our blockchain

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(Edited)

Who's providing the Dash for leodex?

Maya Protocol, a Decentralized Exchange.

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