This trend coincides with and is plausibly driven by the increase in usage of HBD for payments. Despite the relatively low price of Hive, the number of active Hivers in Nigeria appears to be higher than it ever has been since the fork from Steem.
This trend coincides with and is plausibly driven by the increase in usage of HBD for payments. Despite the relatively low price of Hive, the number of active Hivers in Nigeria appears to be higher than it ever has been since the fork from Steem.
Censorship resistance and independent money are most important to those who suffer the most political abuse.
Nigeria has a lot of people. I expect it's a tiny percentage use Hive though.
Despite past trends, HBD spending is now growing much faster in Nigeria than it did in Venezuela.
We still have our largest and most active userbase in Venezuela, but growth of HBD usage hit a ceiling at some point. I can only give my feelings as to why, not prove with hard data, but I suspect that the way Venezuelan users adopted Hive culture positively actually hurt growth in the long run - by expecting every little visit to the store to be a proper blog post, we introduced effect barriers to entry, making it not worthwhile for most people unless you already have an established connection with the community.
The benefit of HBD as money is the lack of transaction fees. It's about making things smooth and trouble free. The usage of HBD has to be as frictionless as possible, even when we encourage its initial growth with rewards. Don't lose sight of the ultimate goal for Hive, which should be building the largest, most powerful, most connected and inclusive financial network in the world.
I never analyze through charts, but on hive I am personally active with many Nigerians as they are a community on hive.
We are good to go and always put our best in whatever we do, that's why when we chose to do good stuff, we give it all..
But when it's bad, we still give it all.. lol
Let's give all to good stuffs.... That's my vibes!!!
its a good source of income and I am surprise why India and Pakistan are far back behind, almost non-existent
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