RE: Is Splinterlands slowly failing? The Hard Talks That Need To Happen
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All good points. The assets I bought are most likely break even at this point as I started back in Beta days but have been buying ever since. I'd just like to start seeing indicatives to start building value back into these assets. I understand the company needs money to run but why does it feel like it always comes from inflating more assets instead of building systems. Fees generated can help either offset company expenses or kick back into values of SPS for example. To me it feels like all we are seeing is a exit of funds and it's gotten to the point where that exit of funds has now destroyed everything that once had some value, cards, SPS, DEC, Land. All feel like they continue to depreciate instead of hold or increase in any kind of value. My point here is we need to start building smarter systems that can build DAO, Company and player values. There's really no reason why the DAO can't make good investments and continue to build value through APRs, fees and rather safe methods of yields which can then be put towards company expenses or SPS/DEC to at least stabilize DEC or just put value into SPS.
There were and are exit of funds. But why would that be only the fault of the company?
In a decentralized system, players are co-owners. I blame the players equally if not more than the company for value destruction. Most people involved with hive economy are value extractors. If you want to blame someone, blame the eternally poor hive user base! Pardon my French!
Been saying that for a long time lol everyone is out for a payday around here which I can't blame them because that's mainly the marketing push around here. Play games make money, blog make money, make videos make money. The issue with that is there's no systems injecting money like ads which I know everyone hates but right now you're just sucking up other investments from other people which will collapse because who wants to invest in something where only value is extracted, donated to random projects etc all while the price continues to nose dive. Hive in general needs to wake up and change but I don't see that ever happening with those few at the top. Doomed to fail? maybe but I honestly would hope not.
Now we are getting somewhere!
Here is the situation. We are hive.
If there is influx of money that we need, it is us who must provide. That is the consensus. Like it or not.