Proof of Weak Hands came crashing onto the cryptocurrency scene in late February, really picking up momentum in the past three weeks. A welcomed surprise for a market that has, let's be honest, fallen into a fairly severe state of depression. One of those sit on the couch, eat a whole package of cookies types of despair.
The memes and the jokes, they were a welcomed relief from the doom and gloom of the first three months of 2018. They built a brand off of failed scam platforms and overall just not taking themselves too seriously. But actually, underneath it all was a very intriguing economic model.
It's important to note, despite being labelled a Ponzi or pyramid scheme (by themselves no less) it is not. It's actually a viable economic model that uses scalability and price ratcheting to remove the traditional risks of scam and manipulation.
What they introduced to the cryptocurrency space, whether intentional or not, has major potential that can be innovated light years beyond what is currently being offered to users.
The Next Stage of Evolution
And this is where a group of developers and investors have congregated over the past couple weeks to do just that. DivvyUp was born on March 19th out of a realization that there was more to this than just a one-off, joke smart contract. This model had industry-wide, global implications and needed to be treated as such.
Now what you're going to say next is, Oh this is just a clone of PoWH.
I know that because I've seen hundreds of people say it. I've also seen two prominent Youtubers say that DivvyUp is a competitor of PoWH. Also incorrect. Let me explain why.
Clones are just that, clones. Almost identical replicas of an original. Proof of Weak Legs was a clone. And then another popped up, and another. What I can only assume are hundreds by now. The only difference was that the premine for the developers was bigger (for pump and dump purposes) and the fee spread changed. Besides a few small adjustments, they were indeed exact copies of the PoWH code.
What DivvyUp did was they took the code from PoWH, forked it, and turned it into something entirely new. If you don't believe me, go look at it here. As each day passes, it becomes less and less recognizable.
The reason for that? Innovation.
If you visit the DivvyUp Discord server here- which, by the way, you're all invited. Everything is open source. Even the White Paper is being written this way to be as inclusive as possible. The enemy of innovation is isolationism. All of this is conditional provided you follow a couple simple rules: No hate speech, and constructively contribute in some fashion to the development of DivvyUp.
But it's still a competitor, yes? Yes and no. Is it in same business with a similar economic model that can be created and utilized as an investment vehicle to make you money? Sure. But what DivvyUp is doing is taking the micro, one-use idea that PoWH showed us and is turning it into an industry game-changer.
So the competition argument isn't an accurate assessment of what's occurring here. Would you compare Windows 95 to High Sierra? Innovation is an evolution beyond competition, not of competition. No one is clamoring for the Zune when we have music on our Apple Watches.
What is it?
Okay, you piqued my interest, what is this really? It's a lot of things. One of the major features that is being developed is the creation of a factory where this type of vertical economy can be created by any development team.
Yeah but won't that dilute the- Dilution is inevitable. Using my technology example from before, Apple and Microsoft weren't the only two companies to enter the market. There were many who joined in on the home computer revolution, but only the best survived. What mattered most was the quality of the product, the innovation of the base idea, and the vision for the future.
In cryptocurrency, the risk of investment is high. But what if it didn't need to be? Another set of features being developed by the DivvyUp team are fair launch protocols. This allows developers to hardcode features into their vertical economies that protect the investor. Refundable ICO contributions if you change your mind. Reimbursement if the ICO doesn't reach its goals or doesn't launch.
Hell, you can customize just about anything while configuring your vertical economy in the DivvyUp factory. The token name and image. Have an ICO, don't have an ICO. Set soft and hard caps. Set fee structures. Set price ratcheting increments. And more.
This new vertical economy model has applications that reach far beyond some tokens in a smart contract.
As the physical world continues to adapt to blockchain technology, DivvyUp's vertical economies could change the way entire industries operate. But I won't bore you with the details. You can read about them in the open source White Paper that is currently being written on the DivvyUp server.
I'm sure I'm missing so much more that is planned and being developed, but you get the idea. By the time this gets published, there could easily be more to explore as the dev team is continuously coming up with new and better features.
NOTE: If you're looking for a shiny, finished product, you won't find one in DivvyUp at this moment. It's literally being built as you read this. But isn't that the most exciting thing ever? You have prominent Youtubers talking about something that isn't even finished yet, because they too recognize its huge potential.
Investors Are Smart
…and in the end, they are tired of being scammed. They would much rather invest in something where they can see there are protections hardcoded into its framework. As an investor, that's about as close as you can get to a fair opportunity. Supply reacts to demand. As the investors grow smarter, so will the developers who build the opportunities to invest.
DivvyUp offers that possibility to the world.
Join the DivvyUp Discord here: https://discord.gg/6VQdXxn