Recently I read an article on LeoFinance about $DESO getting listed on Coinbase. It made me do some research on Decentralized Social Blockchain called DeSo
What is DeSo?
DeSo Blockchain was created in 2019 to power Web 3.0 decentralized social networks. DeSo aims to solve the problems created by present social media centralization.
Today, a handful of private companies effectively control public discourse, earning monopoly profits; meanwhile, the creators who actually produce the content are often underpaid and under-engaged. In contrast, DeSo’s social blockchain treats social media content as a public utility, making it permissionless and available to anyone. DeSo combines the paradigm of open P2P financial system offered by cryptocurrencies with an efficient and scalable database infrastructure, tailored to bring about the next-generation of Web 3.0 social networks. There are over a hundred apps built on the DeSo blockchain, including Diamond, Polygram, Cloutfeed, Pulse, Supernovas.
Source
HIVE was founded by the community and DeSo was founded by individual called Nader Al-Naji with many venture backing.
Hive was founded by our diverse group of community members, developers and investors who believed in the common goal of decentralization. There is no set team and no company behind it. Hive is not based in any specific jurisdiction and has nodes, stakeholders and contributors in many countries all over the globe. Hive relies on decentralized governance, both for software development and for decisions about protocol upgrades, employing the DPOS consensus protocol. Stake-weighted voting is used to elect block producers known as witnesses that must agree to enable changes to the 1st layer protocol shared by all applications, providing a stable base layer, while leaving 2nd layer applications free to innovate rapidly. All protocol changes are proposed, developed, prepared for and implemented through a transparent and collaborative team-working environment. They are entirely open source from initiation to their final release.
Source
DeSo blockchain is supported by the non-profit DeSo Foundation, whose broad mission is to support the decentralization of social media. Al-Naji is currently the chairman of the board of the DeSo Foundation, with a $200 million treasury behind it to support its mission. In October 2021, the DeSo Foundation announced a $50 million developer fund, known as the Octane Fund.
Thanks to Steem Hostile takeover, now Hive have DHF proposal funds.
Looking at the native on-Chain features of DeSo, Hive has everything that DeSo have.
I was so sad to see $DeSo get listed on coinbase before Hive, But after finding out coinbase venture backing of DeSo, I'm not surprised why.
One of the main difference is that $DeSo have a fixed supply whereas our Hive doesn't. However, we see Hive as layer zero and layer one tokens like $POB has a fixed supply of 21 million.
Crypto and Web3 is positive-sum game
Next 2 years is key for Hive. There are many competitors for Web3 social communities. I know $SOL also trying to build Web3 social communities. Hive always have the first-mover advantage and a strong global community. I guess like how $DOT, Hive must make the most of sidechain and blockchain interoperability.
I want to end this post on a positive note. Hive witnesses taking a key step towards listing Hive on Coinbase
Thank you for reading my inperfect writing.
Hive: leofinance.io/@nathanmars
Twitter: Twitter.com/NathanMars7
Telegram: nathanmars7
Posted Using LeoFinance Beta
I'm a big fan of DeSo and have been heavily involved in helping getting the community going. @omitaylor even started a BitClout community on Hive here. . Interesting times for sure.
Subscribed to BitClout community on Hive.
I need to dive deep into Bitclout and compare it with inji.com of Hive
Posted Using LeoFinance Beta
Yes, BitClout was one 1 dapp on DeSo. There is diamondapp.com too. Another interface for DeSo blockchain. I'll check out inji.com.
First time hearing about this chain, The fix supply is hard to understand if the chain is like hive that keeps printing, I am guessing it is not.
Coinbase is getting too big and centralized and I kinda hope hive don't make it on. Yes it would be good for on boarding
Second layer tokens and smart contracts will increase the demand for Hive!
Posted Using LeoFinance Beta
It's actually all about the money and the affluence, the listing isn't based on anything substantial other than the financial backing of the deso blockchain, I think it shows how far money takes people in the blockchain space.
Posted Using LeoFinance Beta
This is what driving the developments of DeSo and also made coinbase listing possible.
Posted Using LeoFinance Beta
Money runs th blockchain world, it's why a lot of people are still on building projects on the Eth blockchain because of the money.
And we need to tell the world about that - something that every hiver only knows. We have niche capability, but very few outside realizes that and time has come where we need to sell this to the market. Listing on Coinbase would greatly help that.
One of the best ways to tell the world about Hive is through Dapps like Splinderlands, 3Speak and leofinance.
I do believe the main reason for the recent price pump is Splinderlands! We just need to find the next killer dApp that push Hive to the next level.
Posted Using LeoFinance Beta
It kills me that these so called 'influencers' keep ignoring Hive and pumping shill, centralized projects like this. The main issue is they have funding and venture capital behind them with a central point of failure that they can manipulate. Hive does not have that and therefore cannot be manipulated.
Reblogging for the https://coin-logic.com front page rotating curated feed!
Hive needs another killer dapp like splinderlands!
Posted Using LeoFinance Beta
But not the same kind of thing… I am hoping what we are doing with @blocktunes will help bridge that gap a bit. It’s a cross chain project with Hive as a huge part in the DAO voting process. Not exactly splinterlands, but it’s cool, lol.
If you look at the stock Coinbase carries these days, how many of them beyond the original few are truly decentralized projects? Most of them have that central point of authority that deals can be made with. They don't want to work with true decentralization. They will not list DGB for the same reasons.
Coinbase is biased!
Posted Using LeoFinance Beta
Deso having a fixed supply doesn't bode well for anything besides price. At least with HIVE, we can spread some of the new tokens and dilute the control whales have if they keep selling. Anyways I just feel way more bullish about HIVE than that platform and we will be listed there soon enough.
Posted Using LeoFinance Beta
2011 Bitcoin was $1
If Satoshi had kept 100% of Bitcoin for himself Bitcoin would be $0
$HIVE is getting distributed to the hands of many people.
Long term bullish on $HIVE
Posted Using LeoFinance Beta
Hard to match what Hive is.
100%
Posted Using LeoFinance Beta
Next few years will be crucial to the development hive but I strongly believe hive will be ready for the challenge.
Posted using LeoFinance Mobile
Our community is ready and the first two years always the hardest!
Posted Using LeoFinance Beta
Definitely will but we will win and succeed
Posted using LeoFinance Mobile
the positive I'm taking from this news is that they is a market demand for web3 and if we play the cards right we will have a hell of a market boost next year and then hive 20$ will be possible
I hear about DeSo for the first time but I believe HIVE is way better and sad that DeSo got listed. I Hope HIVE gets a slot soon and for that need to share more awareness about HIVE. Hive Listing on Coinbase exchnage will make a great impact.
It will be a huge positive impact!
Posted Using LeoFinance Beta
The day that Coinbase adds Hive might be the one of the best days ever.
Posted Using LeoFinance Beta
You're most probably right!
Posted Using LeoFinance Beta
Sounds like another project that will go the way of Steem.
I doubt it because of the huge venture backing that DeSo has
Posted Using LeoFinance Beta
I don't like deso, but mainly because the tokens from bitcloud back in the day only pump and dump.
DeSo has venture backing.
Hive has community backing.
Posted Using LeoFinance Beta
Hive will definitely progress more than what it is with better improvement yet to come in the blockchain.
It's just a matter of time that Hive will be the best blockchain in this world.
I feel like sooner or later, Coinbase will add Hive.
You have made a beautiful comparison between $ DeSo and $ hive. And with that you have expressed your beautiful opinion. The present is the time of competition. In order to survive in this competition, all the web-3 based blockchains must compete and survive.
Hive is clearly ahead of this project. Only if we can get a Coinbase listing. We sure need more recognition. I hope the world gets to the see this rare gem called hive
It is great to see that a group of people have founded a wonderful platforn, HIVE, without any support of a foundation.
This post reminded me about how greatful I am HIVE split off from STEEM.
I also find it curious that Hive has not received more support from large exchanges, for example in binance could have the option of staking. But what you say about not having a maximum supply, does not seem to me to be a reason. What could be a reason is that HBD does not have data on the existing amount in circulation, nor if it has a maximum supply, I do not visualize it in the coinmarketcap, nor in coingecko. But hive has community to take off. what do you think about this?.
Probably not a good idea to have exchanges Staking Hive. Binance staked users funds when Justin Sun took over Steem so they could help vote his witnesses in. I believe it is important that we remember Exchanges are not to be trusted.
Very True!
Posted Using LeoFinance Beta
One reason why exchanges not list Hive is that we don't have venture capitalists or Angel investors backing to pay the listing fees.
Currently HBD supply is 23 million according to hiveblocks.com and HBD circulation is incorporated with Hive circulation that's probably the reason you won't find HBD circulation on coinmarketcap
You can read more about HBD in @taskmaster4450 post about HBD
Posted Using LeoFinance Beta
Deso is a great app,I don't know that Hive was built through them. Thanks for the information.
Posted Using LeoFinance Beta
have you tried the app (Deso) man?
Actually Hive was not made or built through them. As Nathan as stated we were build by the community, the collective developers, node or witnesses all around the world.
And it was a split from steem, which was taken over by Justin Sun.
K
Posted Using LeoFinance Beta
There is no connection with Hive or Deso but both blockchains are trying to build decentralised social media
Posted Using LeoFinance Beta
Ok
Posted Using LeoFinance Beta
I wasn't here when Steem/Hive split happened, where can I read the whole story?😁
There might be a movie coming out soon called the first blockchain war :)
Posted Using LeoFinance Beta
The more the power you have at the back the more forcefully you will move the things.....this is what happened to $deso simply backing g it has pushed it hard to climb ahead of #Hive.
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.