RE: The DFH Return Proposal - Are you aware of it?
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The thing I struggle with, and have struggled with is the number of "for profit" ventures started via the DHF that basically turn into failures that only "make a profit" because they are being underwritten by DHF payments.
I have nothing against someone with an idea using the DHF to get "seed money" for some venture... but presubaly the idea of starting some sort of business is to have the business make money, not to have it eternally subsidized while it is actually a loser, if left to its own devices.
I always felt like Splinterlands had loads of potential to become something really big; to become a sort of "Magic The Gathering of the blockchain."
The "problem" with Hive is that far too many people end up "thinking internally;" that is, we're this self-contained ecosystem that doesn't really encourage people to push their Hive-based projects out into the greater world as part of building them.
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I agree about your general points. Splinterlands was drawing many users from outside at one stage, I seem to remember it being top of the blockchain gaming ranks and accounting for a large amount of activity on Hive. I don't understand what has happened since - there has been investment in cards and tokens, that seem to have dwindled in value.
I'm wondering if this is a similar scenario to Steemit where there seemed to be a "let the good times roll" to expansion, rather than understanding the four year cycle, keeping a tight organisation and planning for the low value phases of the four year or so cycle.
When things are going well, a certain "euphoric blindness" seems to set in, and people pile into promising projects like the good times will never end, as you suggest.
A lot of people "went stupid" on Steemit... after all, the token went from less that seven cents to over seven dollars in about six months. I think it's always wise to keep in mind what "fair value" looks like...
I'm just hoping Hive will find its way back to the $0.50-$0.75 range, which is perhaps a fairer valuation, given all the things that have actually been built here. I just wish people would grok that they need to promote those things outside Hive's borders...
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