The title was "Leo, not so meh" but that is far too close to providing a rim job for my liking.
I have been looking at Polkadot and Cardano more because out of the few tokens I do hold they seem to have the potential to be the missing link.
Photo by Tyler Tornberg from PexelsI know there is a big rush to post to Leo and for the most part, it has been one of the better if not only Hive projects successfully shilled. He uses shilled not really knowing what the word means.
I have read some headlines about a microblogging (a fancy term for shitpost) platform or interface and think if it is a Leo initiative I can definitely see it working.
That is mainly why I like Leo, they took the halfbaked hive-engine cash grab methodology and turned it into an example for all projects to follow.
Web3 such a shit term
I have this thing where some terms or words just make me want to bitchslap someone...pimp slap...
Web3 is one of them, I dislike it because it is trendy and many people using it are twats that wear Supreme clothing and use Signal.
I like Polkadot, Cardano and Blockstacks because they are in essence decentralized web and application development environments.
Although I am pretty much just a dabbler in most things, those kinds of projects turn my brain into a Christmas tree.
With Leo Finance it has been like that where you have this ingenuity being unwrapped in front of you. With the decentralization of the tokens sidechain and governance token etc that is exactly what a person would do on those chains purpose-built for spinning up your own blockchain.
I am pretty much realising this as I type it because I just went to go skim Leo's post, the only interesting part is at the bottom.
"Parachain"
Polkadot uses the term Parachain and Ethereum2 calls them Shards, whether technically the same or only in concept does not matter.
It provides what crypto needs.
Easier entry. Not so much for users but for developers. They don't have to build overcomplicated tooling just to get started with something.
They can choose their favourite framework and just start building. That is what will determine which tokens get used the most. Ethereum for the most part has surely excelled the crypto space but it is like Internet Explorer or Netscape. Yes, it is Chromes time.
What has any of this to do with finance?
Yeah, I was not going to post this on Leo but figured the musings have enough bait to pass. Don't like it, then downvote.
I liked Leo because of the developments and now with the sidechain and custom db they have exposed the power we do have on Hive or more specifically any graphene I imagine DPOS chain?
Hive or Steem or Whaleshares is different in that it does not have visible transaction costs. Leveraging them with sidechains gives you the flexibility and control with the obvious speed that almost none of the chains can touch.
Missing Link
The missing link I spoke of, the one I can't really describe but only because there are so many variables. I know it is social media, I know it is decentralized, I know that how much you have does not carry too much weight. I know that governance in the code will not play second fiddle to the madness of the masses.
Until recently I did not realise just how much of a role Hive could play in such a system, Leo will, for the most part, lay the foundation in showing a system that has that for the most part.
I assume.
So I think if you are like me and do not really post things related to finance that would be acceptable on Leo then you should push your favourite communities to get their asses into gear.
If anything sidechains on Hive can clearly rival those supposedly blazing the trail to the decentralized web, this is the pattern with Rune also. Interoperability, Usability and Accessibility.
Those are the tokens I want.