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RE: HIVE is dead, long live HIVE dapps

in LeoFinance • 3 years ago

The DApp owners and large stakeholders will inevitably have to purchase stake in Hive in order to have a say in the governance of it.

There are only a few successfull DApps on Hive at this point. But what if there are 10, 100 or a 1000 of them at some point?

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3 years ago in LeoFinance by
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     3 years ago  

    With the way resource credits work, if there are 3 or 5 we might find that a lot of the Hive is eaten up.

    At some point, it could end up being a problem.

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     3 years ago  

    Well resource credits could be a thing. That is true. You could develop a business model around them. But they need tweaking and increasing their requirement 10 fold.
    2 problems there:

    1. No one wants to make their experience on HIVE shittier or create an inconvenience for themselves.
    2. Its more added complexity to the system thats already complex enough.

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     3 years ago  

    Its more added complexity to the system thats already complex enough.

    Without a doubt, this is a major problem. In fact, I dont see that just for Hive but cryptocurrency in general. Ease of use is something that I rarely see discussed but it is vital to mass adoption. When the Internet was "techy", few were using it.

    No one wants to make their experience on HIVE shittier or create an inconvenience for themselves.

    This is true, especially those who are in tight circle of influencers. Alas, this is where PoS answers the call, it all comes down to stake. My hypothesis is that things will change with the first couple breakthroughs on the second layer. That will create new wealth centers on Hive but outside of HIVE. It will provide people with the resources to get involved in governance in a way not seen before.

    Suddenly, instead of, say, 50 influencers, there will be a couple hundred. If those individuals (and applications) start powering up, you know where the impact will be. We then see a shifting of the "power" base.

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     3 years ago  

    The DApp owners and large stakeholders will inevitably have to purchase stake

    Will they? They surely dont have to.
    In many other blockchains the second layer is secured by the base layer. On HIVE that is not the case.
    If you wanted to secure your project it would be far wiser to just be friends with Agrroed and Matt and pray they look left and right every time they cross the street so they dont get hit by a car, HIVE ENGINE shuts down and your project is left hanging.

    But what if there are 10, 100 or a 1000 of them at some point?

    What if HIVE flips BITCOIN? What if HIVE is a world currency on par with the US dollar.
    Anything can happen after a "what if". ;)

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