A lot of People are on Hive because they love the idea and concept of the chain; what it represents and the freedom it gives them.
The love of the tech makes investors come in, but you also need innovation and constant shipping to convince people that the tech can still compete with modern day innovations.
The problem in crypto is that a product or tech needs to convince holders almost all the time, and this is how you create believers.
OG and winning too
While being an OG believer can have its advantages or disadvantages, I think in crypto a product must work hard enough to reward believers who has had enough conviction on the tech for long-term.
While I cannot write a single line of code, or be a DEV, I understand the market aspect of blockchain projects and the economic and financial implications of shipping mid innovations.
I understand that a product needs to pass a vote of confidence, and to do this. The DEVS needs to be working day and night, especially if they're getting paid.
Let's take a look at BTC a little.
Why not?
While it's limited in DEFI and smart contracts and not much innovation is being built on it, It'll continue to sell as the alpha crypto and the fact that that's where the money is.
No one is actually interested in the tech, they're interested in making short term and long-term gain and this is almost guaranteed. This is why we have the concept of BTC maximalism.
For the love of money tech
BTC maxis believes their bags will inevitably pump, it might dump in the short term, but they believe it's a safe haven for their money, especially if they're looking to buy low.
There are people who don't care about tech, just pump their bags when necessary, and of course it's futile to laugh at them when the price dips, they know they can actually buy more and gain more when the time comes.
The constant performance of a coin like BTC is how people can grow to love it, not from a place of tech, but because it constantly financially delivers.
As a project that's not BTC but gives people the principles and dynamics they want, you must make sure you constantly repay the faith of those that believes in the tech.
Scams & Shill
It's crazy to see that a lot of project after ETH and Solana haven't lived up to expectations, it's been constant rug pulls and DEVS scamming their communities.
Modern day crypto projects are mainly out to scam and not building anything meaningful. They just copy the same old thing and repeat the process and then rug pulls, comes back a few years later to build the same scam and this is why people are running to save havens like ETH, HYPE, SOL & BTC.
We can too (Hive)
If we actually decide to work hard enough (HIVE) we can actually be a save haven for people truly looking for a space where they can make money while enjoying the experience of the tech. We can be that place, we used to be, but lately there's been a lot of loss of confidence, and this can only be corrected by fixing a lot of things here.
The likes of blocktrades and co has to stop funding cash grabs masquerading as proposals. Some of these 500/day proposals should cost nothing less than 20 HBD a day.
Some of these Ghanaian well should not cost more than 2k HBD per one. The people in charge of these well should be jailed for cheating the chain, and basically I feel return proposals should be a thing.
We should make it a habit to publicly shame those who wants to cheat the chain while shipping nothing, reduce the HBD APR and take it to 5-8% and let the haircut do its duty, burn a lot of rogue HBD by sending it null.
I think even a clueless person like me understands this, then why does the professionals don't?
It's true btc doesn't rely on tech, it relies on brining money, being reliable and on the fact that's the aspect of crypto itself
I also agree for the dhf there should be budgets previsions, proof of expenses etc, not just a money throw, and I agree with the wall of shame thing
Honestly we need that badge of shame for those useless projects that are bleeding the chain and not showing anything. The well guys in Ghana especially..
Yep the well is a great waste, i wonder how much was really used and if it did even bring one more onboard at least...
Hive indeed can become a safe haven for investors, where they come to secure and insure their wealth. But I think it's going to take a while for us to get to that point.
I was thinking of putting money into advertising the hive platform and token. You might think most of the people that need to be on hive or invest in it, has seen it, but that's not so.
There are still, I believe, a lot of people who hasn't encountered hive, who will be willing to be on-boarded and contribute immense value to the platform or invest heavily in the token, if they do encounter it.
Think: Social media giants like Facebook and Tiktok still advertise, why not a comparatively small fish like hive? Don't tell me it runs against the core beliefs of decentralization. I don't believe that. Many stable and reliable tokens are advertised before and after their launch to potential investors.
But while advertising we should stand by the core values of the platform so we don't draw in people who are just willing to get from the ecosystem without giving anything meaningful in return.
I don't think Hive has to appeal to the mass, it just has to appeal to those who are looking for a decentralized Haven where the DEVS aren't looking to scam the community.
Of course this is what we are, but a few internet problems puts us at risk of capitulation if it isn't handled quick. People need something solid and stable to believe in, right now the witnesses needs to stand up and do a few fixing.
The problem is that a lot of them do not care
Alot of things have happened, and I agree with your outlook. I only voted for a few proposals and its for things that I either support or use often. I think more people need to start voting on that return proposal until they realize that things need to change.
Even if we all voted the return proposals, it takes just one vote from blocktrades on the main proposal to wipe out everything, it's sad but it's just the reality at the moment
DUDE.. I got a great idea for advertising HIVE...
LET'S GET A RALLEY CAR!!!
Still, a lot of people believes the rally car stuff was actually beneficial to Hive.
Bitcoin shows that people believe in what keeps delivering value. I believe that for Hive to grow, it must keep building, stay accountable, and reward loyal holders that has really stood by the project. Trust is not automatic, it must be earned again and again.
Yes, Hope the witnesses can at least make the required moves to better the chain. They're completely uninterested at the moment and this is really bad
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