Summary:
In this video, Task discusses the factors that could drive Hive, a blockchain platform, to succeed in the midst of a bull market. Task emphasizes the importance of builders over speculators in the growth of Hive. He points out that while many in the crypto space focus on price speculation, true success for platforms like Hive lies in the development of innovative projects and infrastructure. Task stresses the need for individuals to actively contribute to building on Web3 platforms like Hive, rather than solely engaging in speculative activities.
Detailed Article:
Taskmaster4450 begins by addressing the interest in Hive's performance compared to other cryptocurrencies like Bitcoin during a bull market. He highlights the significance of builders rather than speculators in driving the growth of Hive. Task emphasizes that while speculators may desire price increases, it is the builders who construct valuable projects that will lead to Hive's success.
The speaker notes that building on Web3 platforms like Hive can take various forms, including developing apps, infrastructure, and content creation tools. Task stresses the importance of decentralized platforms like Hive, where individuals can create without permissions and utilize available tools to drive traffic to their content.
He criticizes the prevalence of individuals merely speculating on Web3 platforms rather than actively contributing to building projects. Taskmaster4450 points out that successful figures like Mark Zuckerberg, Elon Musk, Jeff Bezos, and Google's founders rarely focus on stock prices but instead concentrate on building robust companies and platforms.
The speaker highlights the lack of substantial development and building activity on Hive, indicating that the existing projects are not sufficient to attract significant attention or investment. He challenges the community to move beyond mere speculation and engage in building projects that add value and utility to the platform.
Taskmaster4450 also mentions the challenges of accessibility to Hive, particularly for individuals in the United States. He illustrates the hurdles faced by those trying to acquire larger amounts of Hive and emphasizes the limited liquidity and availability of the cryptocurrency in certain regions.
Moreover, Task discusses the importance of marketing actual services and projects rather than engaging in hype or vaporware. He questions the lack of diverse projects on Hive, such as news, entertainment, or gaming platforms, emphasizing the necessity for builders to create a more vibrant ecosystem on the platform.
In conclusion, Taskmaster4450 underscores the need for a shift towards active building and creation on Hive to drive its growth and success. He highlights the current dominance of short-term thinking and speculation within the Hive community and encourages a focus on long-term value creation and development to propel the platform forward.
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