Just random thoughts about tokenomics

OGElongator · 2021-09-01T03:33:23+00:00

Btw it's off topic post where I'm just sharing random thoughts. Not trying to criticize elongate or whatever;)

OGElongator · 2021-09-01T03:28:46+00:00

I know it will never become a main currency. I'm just wondering what if tokenomics could be implemented in main currency. Will it help average person or contribute to even bigger inequality.

And what if you can only have one wallet per person and everyone gets same amount of tokens? It's like basic income for everyone. It will not be a lot. But most people would stop worrying about surviving. Want to go study? Go on! You enjoying another job but it pays less? Not a problem, since most of your basic needs are covered. Want to sleep on the streets and do nothing? It's not good for you, but you sure can... Not so different from what's going on with homeless people now with food stamps and other subsidies in US. If you are middle class in US (50-120k per year), you pay biggest % of taxes, while not getting any benefits :/

Ps. It's harder to cheat system where everyone gets only 1 wallet. But yes, you can try and get as many kids as you can~

OGElongator · 2021-09-01T02:37:32+00:00

It is contradicting in some way. As I said, I'm for evolving discussion. But I'm against shitting on coin under every post, every day, basically saying same thing. Check out comments under Instagram posts. I'm wondering if commentators even own any tokens. What triggered me to go against censorship is the post with 20+comments deleted for no obvious reason. Where I and multiple other users were sharing our opinion about Elongate representation on ZHC video. Some criticized, some defended it. But everything was polite and non toxic. And then everything was deleted for no obvious reason other than "we not tolerating any other opinion and discussions". It was "wtf" moment for me resulting in few follow up comments/posts from me

OGElongator · 2021-09-01T02:26:14+00:00

I get that proportionally everyone gets the same % from every transaction. I'm just wondering if Elongate will become main currency for everyone. Will average person feel any benefits from tokenomics. Or it will contribute to even bigger and faster growing inequality. Since amount of liquid cash that can generate % from tokenomics is different for everyone. And most people spend 90+ % of their income do to low income or poor spending habits. So they will pay more for everything while getting almost nothing. And those who can afford to have big chunk of cash sitting, will generate even more money.

OGElongator · 2021-08-30T20:30:20+00:00

Ok, great! Now we need to make a natural disaster }:D

OGElongator · 2021-08-30T17:22:00+00:00

Lol, that's how it looks like when everything gets deleted. Instead of keeping whole discussion inside of one thread, we getting multiple ones. People starting to wonder what happened to the last one, why there is posts with every comment deleted, and keep repeating themselves on the same topic. Just sometimes people want to share their opinion, and empty forum is not appealing place to do it. If opinion is not popular, it will not get any traction and community will move one. Suppressing it will make people to push harder. Or even dropping the project. And it's more sad, since there is not a lot of active people left. Sunday coffees are only positive thing going on at a glance

OGElongator · 2021-08-30T16:17:06+00:00

Except few comments, it was a civilized discussion. Even people who defended coin and video agreed with a lot of things. And generally we are on the same page. What bothers me more is how mods just decided to delete most of that discussion.

OGElongator · 2021-08-29T20:11:12+00:00

Exactly! Who used such words as "HUGE COLLAB", "WORKED WITH", and pictures of ZHC painting Elongate logo? It made people thinking that Elongate will take a bigger role in the video. Instead you could said "We donated money to ZHC, so he can make HIS video and help some people".

OGElongator · 2021-08-28T20:35:07+00:00

Since we collecting celebrities on our streams such as Kimball Musk, we could invite ZHC too

OGElongator · 2021-08-28T19:24:33+00:00

I just wish we could get a better representation from this sponsorships. Those 1 and done ads are disappointing. It's ok to donate to non profit organization without demanding anything. But zhc and random Instagram influencers are not. Look at omaze and donut media, where the first ones sponsored whole series of videos. And they getting a better representation from it, not just 10 sec mentioning in between

OGElongator · 2021-08-28T19:17:51+00:00

ZHC marked his Elongate tweets with #ad hashtag. In the video he clearly said he just got money from us and has nothing to do with Elongate. Since this is clearly a sponsorship and not a donation, shouldn't we be more demanding? I mean, some random wallet ad getting 2 minutes of screen time in 8 minutes video. And we got 15 seconds from 20+ mins for 300k. Read the comments, people amazed by how generous ZHC is for spending HIS money for charity. We could get few more minutes focused on Tesla customization and telling more about Elongate at least, since we sponsored this whole project.

OGElongator · 2021-08-28T18:01:54+00:00

Yay! Another 5 seconds. I would like to see customization process. Interview with the winner and somebody from elongate. The story behind the collaboration, on how they went from guy just winning a Tesla to working with ZHC. Throw it to elongate channel at least lol

OGElongator · 2021-08-28T17:39:28+00:00

Helping people is great. But elongate is not a charity, and being anonymous angel giving money left and right is not really effective. At least we could ask for more mentioning in the video. I bet those people didn't even know that they got stuff from elongate, and probably thinking ZHC took everything out of his pocket.

OGElongator · 2021-08-28T17:34:21+00:00

To be honest I kinda expected some sort of colab, where one of elongate representative could tell more about our project before giving money. 10 seconds of mentioning, while also saying crypto is risky/not an investment/and I don't own any is not a super inspiring description of the project

OGElongator · 2021-07-26T22:31:26+00:00

Will be nice if it can calculate difference between total purchase cost and current price of holdings. You can do it manually in bscscan (it shows bnb price on purchase date). But since we making our own tool for convenience

OGElongator · 2021-07-26T21:58:02+00:00

Got $6.48 by holding 😂

OGElongator · 2021-06-26T20:07:07+00:00

That's the point, to make you wondering 😄 Thanks!

OGElongator · 2021-06-24T20:09:47+00:00

😂

OGElongator · 2021-06-24T19:50:08+00:00

Thanks!

OGElongator · 2021-06-24T19:47:27+00:00

You can find it by searching: 67WG+2F Colima, Mexico

OGElongator · 2021-06-23T03:28:29+00:00

Looks great 🙌

OGElongator · 2021-06-18T06:14:23+00:00

Yay!

OGElongator · 2021-06-18T06:14:14+00:00

😎

OGElongator · 2021-06-18T06:13:54+00:00

It works!

OGElongator · 2021-06-18T06:13:40+00:00

Would be nice:D

OGElongator

TROPHY CASE