Good question, I was actually coming back to this post to add what I think could be a possible direction for Hive. I don't have the answers what could save Hive, as this is very complex. But one possible solution is that hive joins ethereum as a layer 2. By doing this, Hive benefits from the decentralization and security of Ethereum, while doing what Hive is already doing good, "free" transactions.
You are viewing a single comment's thread from:
How would it be free if Ethereum has the fees to transact model. Sorry… I’m not really understanding the reasons how this would work. I have used Eth a few times… and every time I do my stake literally evaporates via the fee structure. I can’t even think about attempting to build Hive on that foundation as it seems entirely contradictory to how Hive operates. Fee-less transactions are a real draw in my opinion…
That’s the trouble…
Nothings ever black and white it’s a relative mixture of both… and that turns out to be all about the pros and cons.
I like that your inverting the story of Hive though… all good investors do this to examine the fundamentals before investing…
But Hive is complex.
That’s why I decided to dip my toe in the water and give it a try over the last 4+ years…
I liked the idea (a lot) and wanted to fully understand it.
But inverting the story (recently) has become painful… especially in light of how the Downvote currently works.
The problem is that without fees there is no true decentralization possible currently. A whole new system would probably be required, which would be a paradigm shift. It may also be possible that we come to a conclusion that a true decentralized blogging platform with no censorship is not possible on a blockchain.
I actually found this comment to be very interesting and had to double back to give it another read.
This struck me...
Because I think we might possibly be seeing the 2 above described iterations of social blockchains being attempted while Hive is being left behind in this regard.
Currently BLURT is attempting to create a blog with fees structure. (1st quote) I actually recently found this out:
I still need to confirm that this is indeed the case but I found your comment very interesting because of this. Perhaps we will find out if this is indeed so very soon. I'm looking forward to exploring this thought further as I think there is something to what you are saying.
The 2nd quote questions the underlying assumption that decentralization in blockchain form can not coexist along side of certain fundamental freedoms. This could also be correct... however I would like to believe that we can collectively innovate our way around this... It just might not be possible with the current DPOS structure we are all experiencing on Hive.
Perhaps this is the reason why curated and centralized social blockchains will be prevalent (and successful?) as we are seeing with Appics development.
Either way... Clearly there are a lot of gaps that Hive is not filling and maybe even failing at.
I have my eye on all 3 of these projects and will be doing my best to see 1st hand as I am open to learning at every step.
This is how a value investor proceeds.
Thank you for all you have recently been writing here on Hive.
I really hope that it opens peoples minds to how quickly things are changing and why it's so important for us all to ditch static and unproductive mindsets for innovating ones.
Sincerely,
@wil.metcalfe