Worth nothing at all

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There are 85 days left in the SPS Airdrop, where 400 million of the 3 billion total supply will be issued, which represents 13.3% of the total supply. This is a year long process. But, there is also 200 million that was in the private investor presale, with 10% of it becoming liquid each month. By my math, that means that the last vesting unlock period should be the start of next month, unless the first unlock was on day zero. Anyone know?

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Regardless, there should soon be 20 million less SPS emitted each month and that could mean that a little less dumping will be going on by those who have bought in the private sale much cheaper than what it currently sits at - 11.5 cents. This is good news for the price hopefully, but for now I don't mind, as I am trying to collect all I can in the hope that when the time comes for SPS to shine, it will be more than worth my while.

For me, the majority of my own drop comes through the DEC:SPS pool on Tribaldex, which accounts for about 90% of the total I get. This of course comes with a price tag and a fair amount of risk, as it requires holding DEC and SPS pooled and DEC is likely going down from here. Hopefully though, there will be more SPS at the end of the airdrop to make up for it.

By the end, there should be around 719 million + 166M play to earn + 166M Staking/ LP/ Oracle rewards - but those last two I am not sure about how that is being emitted - because currently, there is 740M already in the emitted supply, which means that in the next 85 days, there would need to be 311M more added. I don't see that happening, but I think this is because the development roadmap is no longer on schedule.

I don't know what has happened, but suddenly, Splinterlands has become a very major holding for me, with my cards and SPS/DEC amounting to a pretty digital penny. This makes me quite nervous at times, especially when other holdings are taking a hammering, like Cub - it is down a lot and just over the last few days, it has bled several thousand worth out of it. Will it recover? Unsure.

I have been in this "crypto game" for a while now and I haven't really benefited financially from anything that I have done here, but at some point I do hope to be able to improve my life and open up opportunities that were previously closed to me and my family. I think it would be quite incredible to be able to redirect the future through a process of creativity, brain power and effort - in a community and ecosystem that encourages and rewards others to do the same. Isn't it nice being part of something that is meaningful to so many?

But, none of that comes for free, does it? There are so many costs involved and they aren't just the financial ones, as with any opportunity, there can be a slew of incurred costs involved.

But, I was reading another article saying what I (and others) have been saying for years, the young are turning away from traditional investments, because they are getting priced out of the markets - like in housing. For many, they aren't necessarily going "all in" on crypto, but they are getting accustomed to investing themselves into stock markets, making their own decisions on what to buy or, investing into ETFs. This is part of the training process that normalizes micro investing and in time, more knowledge and confidence builds and they start roaming further into other ventures - like Splinterlands assets.

What a lot of investor people have yet to recognize with crypto yet is, that this is a long game and while they can't see the "point" of it yet, in time these same kids will become the middle-aged manager levels, working in decision-making positions, after having invested themselves for half of their lifetime into digital assets on trading apps. What kinds of business decisions do they make?

While most people understand and can visualize the "reality" of owning real estate, the future generations are going to see the reality in digital assets too, transforming them from a financial oddity into an every day commodity. The fact that they don't physically exist doesn't matter, because just like gender these days, reality doesn't have to be physical.

That sounds like a political statement, but in this case at least, it is not - it is just the way people think about concepts these days. The concept of something is akin to being the thing. If you are thirsty, a digital glass of water is not enough, but we are becoming more accusomted to personifying things that do not exist. This isn't new - remember that in the mid-1990s people were suiciding when their Tamagotchi pets died and, people are carrying around body pillows with manga characters on them to feel "comforted" - reality is changing.

But, this doesn't change the need for usecase, it just means that what usage we consider valuable is changing, where a person can feel appreciated because a chatbot says thank you for calling, or a person can feel powerful because a metric says they have a lot of followers. They may not have any influence over those followers at all, but that doesn't stop them feeling the sense that they do.

In many ways, this all sounds dystopic, but have a look at the reality of the current physical world and economy and tell me whether it is any better. At least in the digital realms, people are able to feel that they have some agency over their path through digital life, something that many people feel they are lacking IRL. And because of this, they are going to continue to favor where they feel that they are valued.

The current economy has done a brilliant job of increasingly ostracizing and disenfranchising the average person and making it obvious that we are not valued as individuals or groups. As a result, there is a fragmentation of society and communities, where people want to be part of something, but still treated as a unique individual, which creates all kinds of internal and external conflicts. So, the rebellion that is taking place and disintegrating the basic ties that used to bond us in the physical world, will reform them in the digital world, where communities and participation can be fragmented across multiple points, but still make a single individual feel whole.

Do you see how the start of this post on Splinterlands and the last half are related? Do you see how we are part of building something that might to the status quo eye look foolish? Do you see how the current economy is pushing the average person to find another way, to stop being reliant and instead take responsibility for themself? Perhaps you don't see it. But it doesn't matter, because none of this really exists.

At the end of the day - everything is worth exactly zero.

Taraz
[ Gen1: Hive ]

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27 comments
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The struggle keeps getting real the more we try and fail but when we keep winning and winning we take some certain things for granted.

Most people go into investing on Crypto with the mind of getting the benefits in a very short period of time but does it really work like that? Some persons might be lucky to reap their rewards early but it's not always like that especially when it comes to investing on Crypto.

I've read so much on splinterland but I'm still yet to understand how it works, I hope to get enlighten someday.

It was really nice and educating reading through, thank you so much for sharing this with us.

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but does it really work like that?

Not in my experience - but some people get lucky - then they think they have skills.

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Yeah, but surprisingly what worked for them won't work for another.

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There is a saying in English "As you sow, so shall you reap", but for crypto this quote does not fit at all.
It is obvious that major dumping and pumping by whales have caused a lot of volatility, the investors and specially exchanges have made the cryptocurrency a new kind of stock commodities and it kills the real meaning of it.

There must be some flaws in the ecosystem and tokenomics, rather benefitting its investors it slaps in return.

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Whales are everywhere in the world - but in crypto, what constitutes a whale these days? Billions in?

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When I think about my Splinterlands assets, I always forget about the amount of money I have tied up in the HIVE/DEC pool over on Tribaldex. It's probably quite a bit more than I even realize. It has been rough watching the markets do what they have been doing lately. With all of the talk of the mass adoption that we know is coming, it can be nerve wrecking waiting for it to actually get here. Thinking you are on the bleeding edge of something and then having the arrival be delayed time after time, it is easy to led a small amount of FUD seep in.

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Yeah, the value is mounting up!!

"FUD creep" it should be a recognized mental condition for long-term crypto bulls! :D

At some point though, we are going to have to learn which way it is going to go - it is either full adoption or death.

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At some point though, we are going to have to learn which way it is going to go - it is either full adoption or death.

Meanwhile we aren't getting any younger!

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Definitely not younger and feeling older than my age!

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"FUD creep" it should be a recognized mental condition for long-term crypto bulls!

The majority of my portfolio are also Splinterlands assets/CUB and pCUB. I'm bleeding in terms of $ value, same as you.
I'm not FUD but I wish I could be smarter or take stronger action.
I know the price of CUB/pCUB will go down when the airdrop is ended. But I didn't sell my CUB/pCUB to accumulate more CUB/pCUB at the moment.

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Investing on crypto shortly to have gain isn't a work, it's just hallucinations because it doesn't have strategy.
The problem of our life is that people tend to exert effort in things that don't mean anything to them and they are forced to do, they don't find someone to share with them ideas that mean a lot to them. How can we direct our situation and innovate together?

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well, I think that part of the problem with collaboration these days is, people don't do stuff because it is cool, they do it because they want something out of it - this makes the relationship very transactional and doesn't set up for long term development.

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Check out the first three paragraphs of this guy:
https://peakd.com/splinterlands/@splinterlands/splintershards-sps-token-updates

I totally support younger investors looking at other asset classes. What percentage higher can Real Estate actually go? Surely the Baby Boomers and some lucky Gen Xers got the lions share of the percentage gain in things like Real Estate and Stocks like Apple, Google, Tesla, etc.

I also wonder about the longevity of Real Estate... at the moment prices are high because demand outstrips supply... but in a lot of countries the birth rate is falling. Countries will be able to counter that with immigration, but in 20-30 years could we find ourselves in situations where there are more houses and apartments than people? Especially in countries like China?

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I think you need to add another link.

What percentage higher can Real Estate actually go?

At least for this cycle, I don't think much higher and the next way is down for a decade before the climb back perhaps.

It is going to be interesting due to birth rate too - because a lot of the younger generations aren't going to have kids anyway, so why have a house at all?

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Hahaha, I just wanted to make sure you other loyal readers knew you had already received this link. I know how popular you are.

Honestly, you're the only person I know that seems to agree with me that Real Estate has to flatten out and go down for years. Everyone I speak to in Australia is convinced that at worst it'll flatten out for a bit before starting to rise again. Numbers go up forever?

I do wonder if we'll just end up with Ghost Cities and still very high priced accommodation in certain areas. Although maybe with Starlink, Solar and rain water tanks some of us can live a great life in ghost cities.

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SPS is the most staked token on BSC. I think it may become a bit of a dark horse once the game expands.

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I think that the future generations will earn their livehood from digital assests (probably there are already some). Digital world has been a new business model. I also think that they might not need to study for at least 15-20 years, then complete military service, then look for a job, then interviews...

They will hold the aces and they might not beg a job from anybody.

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One of the interesting things about the digital world is, it is limitless and highly repeatable - this creates an interesting problem for usecase and holding attention.

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The sad and scary part of this fragmentation of people and groups is that it’s exactly what these psycho fucks want to happen. Push people onto the digital world then control it and eventually people will be plugged into VR headsets like that movie Ready Player One except nothing cool and glamorous to win at the end.

The Splinterlands and other assets we have are going to take a beating before things go up again, but when will they go up is a question for certain. I’m glad that we are all just building together, growing stake and widening the wedge we are putting in the market. Ever so slowly I think this decentralization stuff will take off, at least that’s what I tell myself to feel good before going to sleep lol.

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is that it’s exactly what these psycho fucks want to happen.

Divide and conquer - been saying it for years.

I think it is pretty cool to be "in it together" in so much of this - one succeeds, many succeed.

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It's definitely different in the vision for what we are investing in. If we consider how Splinterlands is still not even close to the end-game, what would it even look like when everything is said and done. I have no idea but anything could happen. It's like all of us are now VCs investing our own time and assets into the game hoping for it to succeed.

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The potential in digital assets is enormous - whether we are able to maintain control over it rather than having it stolen and centralized, is a big question.

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Nothing does come for "free" in the Crypto World.
It is actually an equaliser in a Global aspect.
The value reduces to the lowest cost of living - cents per day - as the 1st world exhorbitant pricing, at the beginning, gets hit with the Real World pricing as the Demand increases.

As the world gets smaller in some ways, it seems to get fractured in other ways.
So, maybe, Splinterlands, is just another Tribal clique, to carve a sense of identity. The same way sports, industry, hobbies, culture, language, religion,and so on, does?

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As the world gets smaller in some ways, it seems to get fractured in other ways.

Yeah, it is a funny thing, isn't it? The closer we get, the further we move away from each other. I think it is part of the challenge that siblings face - too similar.

So, maybe, Splinterlands, is just another Tribal clique, to carve a sense of identity. The same way sports, industry, hobbies, culture, language, religion,and so on, does?

Very possible - I think this is what all communities are though and, all business models work on it.

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I won't consider myself a success until my face and physique are featured on one of those body pillows.

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I think that is a lofty goal to attain!

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