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RE: PROPOSAL #164 - Hive Side Chain (HSC) Development Funding. Creating A Ethereum Virtual Machine Side Chain Enabling Decentralized Industry Standard Smart Contract Functionality on HIVE, Utilizing HIVE as the Gas / Base Token.

in #dhf3 years ago

Voted and reblogged. This would be such a massive upgrade for the entire Hive ecosystem it almost gives me goosebumps thinking about it. Make it happen. Putting this functionality behind all the tribes being built and released "into the wild" as you say would be such a huge benefit for everyone. Why would anyone on here ever need to go anywhere else?

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Yeah.. It will completely change what HIVE is in a sense..

The possibilities are endless, and if we're faster and cheaper than the competitors generally a free market gravitates towards making that sort of offering receive majority support over time.

"Why would anyone on here ever need to go anywhere else?"

I like how you think. It's not only the people already here though, it's the entire crypto ecosystem! Why use expensive ETH or centralized BnB when you're given a chance to use something that arguably will beat the both out in time.

Thank you for the support!

It's not only the people already here though, it's the entire crypto ecosystem!

That's what I meant, once they're here, there will never be any reason to leave. They can just keep expanding their footprint here to do everything they need to do. Trading, defi, gaming, NFTs, information, creative expression, videos, tweeting, podcasts, the list just keeps on going. WHEN you get this done :-) the underlying infrastructure will just be too good NOT to be a part of. I can't wait. It looks like the vote on the proposal is going well, right? I've never actually watched one get completed so I'm not sure how long they usually take. But last I checked you were already over half way there in less than 24 hrs...

With some creative software design it may even be possible for the HSC to act as a bridge to easily interact and swap with the other chains based off similar technology. :)

Converting over NFTs from other blockchains and our own sidechains should be possible as well. As far as support of the project goes I'm quite impressed by the community response already.