RE: My Commitment to MemeHive and Appreciation for Holovision's Vision
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Thanks for the post. Yeah, I suck at self-promotion. In terms of MemeHive, that might actually be a good thing due to the Howey Test. My argument is that MEME is a utility token and therefore should not fall under securities regulation. Because of those financial laws, I try not to refer to MEME too much as an "investment." If others, like you, want to use their free speech to talk about MEME as if it is an investment, then I can't really stop that from happening.
Full disclosure: I haven't posted about this in a while, but the MemeHive lore is that MemeHive was started so that I (@holovision) could launder the windfall from a hugely successful hologram-themed caper in Gotham City.
!LOL
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lolztoken.com
Lots of training
Credit: reddit
@greywarden100, I sent you an $LOLZ on behalf of holovision
(6/10)
No way. I hate using that word investment and hate regulators. Token holders is how I refer to people who own crypto, not investors. I know MemeHive is not an investment but a utility token!
O.K. Thanks. It's the "live off the rewards" from your post I was mostly responding to. I wanted to make it clear for others reading your post that MEME isn't an investment for security purposes.
Thanks for your support of MemeHive!
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Yeah, I can see exactly what you mean now. I think the gaming aspect of this is something I have never seen before. I have been a gamer all my life up until I started buying crypto in 2017. TON and HIVE feel like games to me. I would never want to sell all the cool stuff I obtained for some character I created in a massive online multiplayer RPG game. The situation with meme tokens is similar. Unstaking and selling tokens would put me out of action. I did not express myself clearly. I should have said that I’m earning passive meme rewards from the effort I’ve put in, and those meme rewards may result in passive income. In other words, i will never need to sell my stake. I don't think anything like this has ever been seen in all of crypto history, lol. Are those on Hive the first to come up with something this revolutionary?
That's a good question. I'm sure you already know that Hive forked from Steem almost five years ago. The MEME token originally started as a Steem-Engine token and was ported over to Hive after the split. Steem had announced what it called Smart Media Tokens (SMTs), but as far as I know, after Justin Sun bought Steem, SMTs went nowhere because the new management over there focused mainly on TRON.