Interesting way of breaking it down
- You can use Hive or any engine token as a feeless way of paying for things, I've done that in the past, you just have to network with people on Discord. But yes, where ETH and other coins are concerned that's a car crash unless yr transferring hundreds of dollars worth. LTC ain't too bad though.
- As to the store of intellectual value, yes that's great - text content but not the pretties though where hive is concerned. I really need to explore where we are with decentralised storage of image and video it's on my to-do list. i know Hive can't do that yet, I'm not sure other blockchains doing that successfully - LBRY? Whatever SC coin runs on? God I feel like I should know this!
- As to a store of value let's just say I'm going to be spending 5 figures on some land soon and I'm cashing out all my other assets first before crypto, in fact crypto is a red line - I'm not selling any, I'll be happy with my 100% of my wealth in crypto after my land purchase (although I do already own another house, so I think bricks n mortar and crypto as my two main asset classes.
Nice analysis!
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I've never had enough Hive to make it worth using as a currency. And it is rather contorted to convert money to another crypto that can be converted into Hive. So, I haven't bothered. Even then, I'd have to find something that I can buy with Hive. It's enough of a speed bump for me.
Similar to your purchase of land, once I have enough crypto savings, I intend to buy a rental property, which should kick off my entry into real estate investing. All earnings will have a one-way ticket to crypto.
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Yes fair point on the currency conversions, but I was thinking more about having earned it, it's sitting there, then you can use it for something else.
Although having said that you do get instant transfers, rather than waiting an hour or more for the BTC to turn up!
You mean you're going to be able to sell your crypto? I'm far too attached to mine! Then again I've got my property funds set and separate I guess.
Good to diversify for sure.
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