I would say not so much blockchains but instead web2 socials in which applications would be built on top of hive. If anything the first major issue is the lack of development happening on hive and should be a focus area by either the core devs or a way to onboard application developers.
From that these applications need to understand web2 aspects of business which generate real revenue and growth and apply that to them. That in a way should help hive grow in value. The only value it has right now is speculation or needing resources to run an application. With few users and few application there's a ton of resources not being used.
Hm yeah totally but also a single application getting real adoption would bring the entire network to its knees.
And that doesn't have to be a social network.
Could be a game.
Could be porn.
Could be anything.
Hive is not a social media blockchain it's just a blockchain that stores text that we happened to build a social media app on top of. It's a pretty big distinction that's very easy to miss for anyone who hasn't tinkered with the API. Hell there are even a handful of hardcore devs on chain that are totally stuck in this mindset.
well shoot that doesn't sound good and still stems back from what we saw when Splinterlands had that bot army going for a while and seemed to crush the network a few times. Hopefully we get some deets out of hivefest on future plans and some real growth and value.
Ah well the Spinterlands thing is interesting because their tokenomics financially incentivized a Sybil attack on the network. Attacks like this are totally unsustainable and will never result in a long-term problem. Again this was not a Hive problem whatsoever and 100% falls on Splinterland's shoulders... which they actually fixed quite quickly. Unfortunately a lot of value has been drained from the SPS network because of it.