CRYPTO TRIBALISM

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For those of you who follow my blog, you will know that I recently developed an interest in NFTs and I spent a considerable amount of time having conversations in these communities. One of those conversations was about project sabotage. So there is this thing in the NFT space where certain projects buy into other projects to rekt its price by selling below the floor price–it's a theory. I did find it silly that people would go to such lengths to sabotage another project they consider to be a threat or just did not like.

Crypto tribalism is a thing and it exists on different levels. This is because crypto is more than just currency, it is an identity. You can tell, to some degree, who a person is or their risk appetite based on their portfolio. It can also become the basis for a long and often time difficult conversation. The point is that crypto projects are micro-communities and with that comes tension.

If you asked me what crypto project is the best, I must definitely say Hive. Why? It is the only coin I really use. Most of what I do in the crypto space is around the hive community. Considering the number of scams out there posing as legit projects, I consider myself lucky to be on hive. Paraventure I want to venture into other projects I have the leofinace community to guide and influence my choice. So at the end of the day, it all comes back to the hive blockchain.

I could take my devotion to hive to another level by claiming Hive is the only legit project in the crypto sphere. This would be ignorant, to say the least. First, I haven’t explored the crypto sphere well enough to have such an option, and secondly, it serves little or no purpose. So what if hive is the best? No one player can cater for the entire market. This is a diverse space and we should embrace it.

"Don't burn bridges, build them..."

If there is anything the leofinance community is known for it is building bridges. We are constantly connecting with other communities and expanding our reach because we understand the importance of collaboration to the growth of the crypto space (and the leofinance community). While some projects thrive at being exclusive, with are focused on giving everyone a chance. Irrespective of the size of your wallet, you can start your crypto journey here with just a few clicks.

Cryptocurrency was never designed to separate people. It was geared towards giving people some level of autonomy through a transparent system. Anything outside that is a perversion of the ethos of blockchain technology and should be disregarded. Maximalists have no place in the future of this space and the sooner they understand the better.

It is quite comical and ironic that where projects or individuals within this space clamour for the top spot with their separatist mindset, the centralised world is ganging us against the decentralised world. The new faces of this industry are an integral part of the system this technology is meant to subvert.

I don’t want to hear how better your project is than others. Do the work--innovate, develop and push the frontier fo the decentralised world. We have barely scratched the surface of what blockchain technology/cryptocurrency can do. Let's stay focused.

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6 comments
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So there is this thing in the NFT space where certain projects buy into other projects to rekt its price by selling below the floor price–it's a theory

Never heard of this, wow!

I also wish to see more collaborative efforts within the crypto space. We are stronger together than all this tribalism and stuff.

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Never heard of this, wow!

People are going to great lengths to achieve their goals even for malicious reasons.

I also wish to see more collaborative efforts within the crypto space. We are stronger together than all this tribalism and stuff.

True that. Although I don't expect crypto tribalism to end anytime soon, I believe we can push for more collaboration in this space.

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Personality, the weakest side of any cryptocurrency, sometimes ... such personalities come across ... it's bad that in the beginning, we buy cryptocurrency, eh. later, we will find out what personalities are behind it, sometimes it looks like the continuation of the movie "one flew over the cuckoo's nest")

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I think tribalism is bad in general and it generally never ends up well. As for the project sabotages, I think it's kind of dumb because everyone involved is losing money. I guess they must have more money than they need.

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I guess they must have more money than they need.

I guess that's the case. These guys get into money and assume god statues. It's silly but that's the game.

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