~ Jeannette Walls
The most important benefit of what bitcoin has brought to humanity is complete ownership. Yes, bitcoin as an asset and a network is much more than just ownership. But everything else bitcoin offers is just a bonus. Without complete ownership bitcoin wouldn't be what it is today. Complete ownership wouldn't be possible without decentralization. Similarly, Hive the most important feature of what Hive has to offer is complete ownership. Bitcoin provides ownership of a financial asset in a decentralized monetary network. Hive takes ownership one step further. It also provides financial ownership, but also ownership of digital presence.
Not only Hive owners are the ones who have full and complete ownership over their wallets and contents of the wallets, but also Hive owners own their digital life, be it in a form of social interaction, blogging, gaming, following, etc. Perhaps, the financial ownership is of highest importance for people and bitcoin may just be the right solution. I love bitcoin. However, I believe Hive wallets are much easier to use and manage. This kind of new ownership without relying to any third party services like banks is a new technology. Many still do not understand it, many still do not see the benefits that come with true ownership. Compared to many alternatives and solutions, Hive is a lot easier to use and it comes with a lot of bonuses.
True ownership of property is possible in bitcoin due to the network decentralization. Same is true for Hive. If the implementation of the blockchain network is not open source and decentralized, true ownership would not be possible. Many blockchain projects that have ambitions of becoming decentralized, have not reached these goals yet. Level of centralization of a network present a high risks of account funds being arbitrarily confiscated, frozen, and removed.
Decentralization is not easy to achieve. Many will continue to claim they are until something bad happens or they actually achieve this goal. This is one of the confusing and deceiving parts of the crypto world. Many claim what they are not. That's why it is important for people to do their research and rely on their own judgement regarding each project they would want to be involved or invest in. That also applies to bitcoin and Hive.
While I am not trying to give anybody any financial advice, for me personally I have determined that both Bitcoin and Hive are decentralized network, and my wallets in both of the networks do provide complete ownership. I don't have to worry that somebody or group of people, or group of witnesses/miners one day take on some actions that will remove assets from my wallet without my authorization. Of course there are always unknowns, things that may happen in the future that we have never considered could happen. But for now I don't anything that may pose a risk to the ownership of wallets in these networks.
If you asked me for one reason to have a Hive account, it would be the ownership. Everything else on Hive is just a bonus and there are many of these bonuses. While there is a small fee for creating Hive accounts, there are ways to create one for free. Complete ownership of property and digital presence is no longer a concept. It has been a reality on Hive for a while. Why wouldn't you give this a try?
Taking advantage of decentralized networks and ownership of property doesn't necessarily mean rejecting the traditional financial or social networking systems. We still can and will use banks and web services. We don't need to burn bridges and create unnecessary hardships by opting into decentralized solutions. Our ability to utilize these new solutions will add freedom to choose and make better financial decisions for ourselves and even be prepared for what future is bringing.
We have seen time after time how banks not necessarily the most reliable entities. They sure do provide convenience and peace of mind in good times. But when things go wrong they can easily close the doors and don't let people remove their money from their accounts. We have also seen how bank accounts can be frozen for many different reasons, that aren't the decision of the account holders. Even in crypto space, we have seen how centralized entities can easily stop withdrawals and leave asset holders without access to their funds. We have seen how stock brokerages can stop trades. There has been plenty of evidence that centralized solutions do not really provide full ownership of property.
Things with centralized social networks are even worse. Time after time it has been proven that these social networks only care about making money off people's digital presence, content and interactions. None of them act in the true interest of the people who use their networks. User base fo them is just numbers, statistics that attract ad dollars. Nobody has ownership of their accounts. People's accounts can be deleted from the face of the internet anytime by these entities without authorization from the users. People who use these platform really made them so powerful and rich. Now they have incredible amount of resources to continue their strong hold of these networks with one purpose in mind, making more money.
In a free market, there is nothing wrong with making money by creating new technologies, tools, apps, platforms, networks, products, etc. The delusion is when these networks think they made all the money due to their great technology and networks. When in fact they owe it to the people who use their platforms. The very least they can do is provide ownership of their accounts. They would never do that. Because this would transfer some of their power to people, which result in less control over people and less ad money as a result.
One of the examples of transfer of power from networks to people was demonstrated when Apple introduced a feature where Apple device users would be prompted to a question wether they would want an app they are using to track their digital activity. For Apple it was an easy move, since it would affect the company itself financially. But this move mage companies like Meta really angry. This revealed how all of these companies have secretly been manipulating and deceiving people. Of course, Apple too is part of these networks that would like to retain control over their users, and highly unlikely they will provide any true ownership of accounts either. Until there are open source mobile solutions and networks, this will remain to be the case.
Web3 is primarily is about ownership. Without ownership the next iteration of web is meaningless. Start enjoying true ownership today and get a Hive account.
“No matter what the industry you choose to ultimately invest all your time and energy in, be sure you're the owner, founder, and CEO. Remember, if you don't own it, you can't control it nor can you depend on it.” ~ Brandi L. Bates
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Yes protocol owned capital is fascinating. We really are building the digital cities of tomorrow, today.
Well said.
Hive certainly ticks the box when it comes to genuine ownership . Asides from the blockchain serving as a passive income generating platform it also helps in shaping and moulding one’s knowledge about crypto and all what it entails . With innovations such as projectblank coming into the picture pretty soon, Hive I believe will get more popular.
I agree, Hive has a lot more to offer. Project-blank is promising project. Hopefully, we will see it soon.
Totally agree with the value and importance of the property. the hive is a good place to build unlike bitcoin it has great versatility its usefulness is what makes the difference
Another of the greatest thing about having a hive account is to be able to learn about crypto, i think is a great start to own a learn how blockchain works, it was useful for me!
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Yes! Learning how blockchains work is one of the best benefits of Hive. It is easier to understand by participating.
Very well done. You are right when you say Web3 is about ownership. I am glad I started my business many moons ago. I have had a good run as owner and CEO of my own business. Ownership of the asset is much more important than a huge accumulation of assets. I'd rather own $10,000 than rent $100,000 that is controlled by someone else.
I love your post. Hive is truly a great introduction to blockchain technology and decentralization. If appreciated one can receive value for their time and effort. It is easy to use and transfer funds via usernames instead of long and intimidating alphanumeric characters. It is the best way to start and learn about crypto.
Totally free. Hive is a kingdom and everyone who cares could become a king/queen to rule and reign. I'm a hivean and I'm happy to be part of this great family.
As the metaverse is our future. So thw whole world will come and join Web3 sooner or later.
The first blockchain I stumbled with claims that DAO is part of its future vision. When I encountered Hive, I realized how difficult it is to shift from a centralized entity to a decentralized one, not to mention that the 20% of the total token supply will be automatically awarded to the members of the core team.
I know of some people who are also aware of this, but due to some reasons, though they heard about Web 3.0, they still decide to do their online activity in Web 2.0.
I !love that closing quote.
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That is true, but I think most people who dive deeply enough into Hive will lose interest in places like Facebook and Twitter. Really, who would have time for both?
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That is true. There isn't enough time for everything.
I think decentralization will be a good thing in general and I wouldn't mind if more of the financial system was transparent like the blockchain where everything can be traced instead of being on some bank's ledger.
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Transparency is definitely the big one. Otherwise there is too much corruption.
Is there a price for an Hive account? I had no idea. Mine was created free.
Yes, account registration fee is 3 Hive. But blockchain also provides discounted account creation tokens, people can redeem with their resource credits. This allows for some apps and onboarding projects to create accounts for free without a cost to them.
I believe that many people will leave the known social medias and start to use HIVE or alike blockchains in the future. HIVE has taught us that our time, our effort and our content can turn into a value, beyond just a "like".
Slowly but surely.
You mentioned some good points. We are still in the early stages of blockchain development, and with every step that we take, we get a bit closer to the true meaning of decentralization and ownership. Another important fact that you mentioned is that we still need centralized banks. I don't know why some people tend to believe that crypto will replace the current financial system, but I believe that these two together will create a more sustainable financial system.
It is hard to predict the future. It seems it will be up-to people to choose which directions we go.
Hive account is so organized. I can do so much, from earning crypto to exchange it for others. And being able to interact with dapps is the holy grail. If I need some funds I just sell some nft, swap it for multiple tokens. I can even buy BTC, there's also 20 % APR for Hbd Savings !
Yup, there is so much more to Hive, it is not easy to keep up with all developments.
Very good reason. U are right on! 😉👍
good stuff, thanks
This is the message that must be told to everyone on the internet. Thanks for bringing this up, sir.
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good reads here,my hive account is my emergency funds. Engagement and doing research is very essential.I am happy for the learning experience that the community share.
@geekgirl truly I couldnt agree more that having a hive account is a bonus. Thank you for this post, it makes me motivated to be more active.
Sharing because I adore what I read here :)))
I think one of the more annoying things about traditional social media is how they limit what can be seen. When I saw just how open Hive was it was like a breath of fresh air.