When Community Crumbles: Rethinking Trust in "Decentralized Ecosystems"

In a normal week, I would post about the dividends I received from BBH and BBHO.

However, I decided not to after the recent events with BRO.

BRO was a project that, for better or worse, had been on Hive for some time and already had a large and very active community on Discord and everything else.

It was always a token/community I was interested in being a part of, but due to the token's price, I didn't feel comfortable buying it.

I ended up finding a way, through the BBHO dividends, to get 3 BRO tokens, and my goal was to continue accumulating them.

One day I decided to go to the BRO Discord server, and to my surprise, I had done a “rebranding,” keeping the BRO name, but everything inside seemed more sinister, and I didn't see as much activity as before.

On Friday, we saw the BRO token turn to dust, apparently due to some mental health problem or something similar affecting the token's owner and the community.

Besides BRO, we saw LGN go down the same path, since both were projects from the same person, and of course, token holders tried in some way to reduce their losses.

I have RUG, DBOND, and DAB, which were related to the same person in a joint venture with SPI, and I almost started unstaking to get rid of the tokens as soon as possible.

However, fortunately, SSKU communicated in time that RUG, DBOND, and DAB were safe, since he held the keys and had changed them so they wouldn't be affected.

However, all this made me wonder if it's really worth the risk of investing in L2 tokens.

I know there are L1 cryptocurrencies that were scams and there was a rupgull, but this doesn't happen on Hive. Since there's a sense of community, when an L2 token shows signs of being a scam, they end up being exposed.

However, in this case, we're talking about something I think nobody expected to happen.

Currently, I have a “large investment” in BBH, and it will remain that way, but I will need to reflect on what to do from here on out.

Another thing I'm reflecting on is communities.

SPORTS was abandoned. Some community members approached the owner to try to continue the community and do something, but he refused, saying that everything was going well. Today we have a dead community (I'm not even talking about the token, since that was already dead long before).

ARCHON was abandoned by the owner, but at least it was passed on to another member. However, ARCHON had access to the keys of the SPORTS governance account, and SWAP.BTC was transferred to a BTC wallet in bad faith.

Are these communities really a community, or is it just a smokescreen?

Posted Using INLEO