You are viewing a single comment's thread from:

RE: Hive and NFTs: Digital Real Estate on Steroids

in LeoFinance4 months ago (edited)

@taskmaster4450 The only leg up that Ethereum has for direct on chain data storage is that there is not a block size limit.

The ridiculous Ethereum fees completely make that worthless (in my perspective) but it is a big difference when it comes to Hive's 65k characters per block limit. Thankfully data is easy to chunk and store in multiple Hive blocks.

I keep thinking that someone should reach out to Project Gutenberg and CD3WD to see about storing their massive troves of text on the Hive blockchain.

Sort:  

Fees make it hard to store data especially at $5 a pop.

Some of the EVMs are easier but when having a great deal of data to apply, even 10 cents adds up.

Yeah. I did a ton of research online looking for blockchains that support base layer file storage and although it is technically possible with both the Bitcoin and Ethereum networks it just is not affordable. Like you said it adds up!

I also did not find any other networks/blockchains that supported such a feature. That does not mean they do not exist... but I could not find them.

Hive can really get ahead of the curve with it if it were implemented. As you may know 'file storage' can also pave the way for decentralized services like the LLM(s) and such.

I agree with you completely on this. We need to get more data on Hive.

To my knowledge, there is no a public text storage change out there that anyone can post to, at least not with an affordable cost. That is why we need to focus upon the things which get data onchain so apps can utilize it.

I do not see many doing it. The quest for rewards overpowers everything. LeoGlossary declines all rewards and posts more than 20x times a day.

Yeah, yesterday I had the epiphany that the reason that Hive lacks many things... is because there is such a heavy focus on the monetization of everything... instead of creating services that provide true utility.

The constant focus of making more money (especially with projects) results in lots of:

Stepping over a dollar to pick up a dime!

I would say it is the focus upon rewards, short term monetization, versus the long term.

Adding a ton of content to the database should be everyone's priority. Then the devs can incorporate the data they want.

I see your point there. Folks do tend to come to Hive in the first place 'for the rewards' but honestly what else is getting offered to bring folks here?

I was more thinking that those who are building dApps tend to focus on monetary gain.

Undoubtedly it is that focus occurring at all levels of Hive from content creators, to curators, to developers that makes the scenario what it is.

Sans rewards though it would just amount to folks shuffling money around (and finding ways to make money) off of folks content.

If the 'rewards' themselves are such a problem (which are a fundamental part of this blockchain's creation and existence up until now) wouldn't it be fair to say that any and all monetary aspects of Hive are just as problematic.

What if we removed all APR earnings from HP and HBD, remove NFT sales and every other way folks (who are not just content creators) have to make money?

The entire blockchain would be 'dead in the water' if that were the case. In other words if the idea is to remove 'profit making' (or just making money in general on Hive) then it should be a unilateral approach. If it is not unilateral it just amounts to disenfranchising some folks and turbo charging the profits of those whom are not disenfranchised.