After a few years we might have expected Hive to be bigger, but there has been a lot of change in that time. We have far more dapps now and I still believe in the potential.
Looking even a few years ahead in crypto is really hard as things change so fast. I think we need to push the concept of not needing some billionaire figurehead CEO, especially when they are so impulsive. The concepts of Hive where there is no CEO can be hard to grasp, but this is a vital difference.
I would hope we could at least hope to emulate the success of Mastodon that also has no overall leader. They still managed to get mindshare as Musk started messing up Twtr. The public attention is so fickle though. There was the fiasco of people going to Hive Social just because it looked like Twtr, but it was not sustainable. Hive is well tested and pretty robust. I know we have issues around growth, but we could handle a lot more users.
I hope we are still discussing stuff on Hive in 5 years. We may still be disagreeing about Musk :)
Hey Steve!
How's it going? Are you still trading HIve/HBD on an exchange somewhere? Which one do you use? It seems Upbit have removed Hive and Bittrex aren't accepting deposits and I need to sell.
Cg
https://blocktrades.us/en/ can still trade those for various other coins. It's a shame they cannot offer this to people in the US now, but UK is still okay.
I'm in the UK so all good for me. However the only problem with Blocktrades is, it's a total rip-off and you get the least out of anywhere.
I used the calculator and for 1000 HBD you get $953 worth of BTC, then of course you'll have to pay a fee.
But I suppose it's a captive audience and only $4000 worth of HBD was traded yesterday, so anything is better than nothing.
HBD is dying and everyone's dancing around writing articles talking about how great it is. It's the most baffling self-delusion I think I've witnessed since One Coin.
Cg
I don't you can compare with One Coin as that was an outright fraud. Some people have bought a load of HBD to earn interest on it, but there may not be enough on the market to satisfy demand.
I would be great to have more options to exchange it, but when we lack those then may get shafted on price. I still think the Blocktrades people are committed to Hive. It's in their interest for it to do well. I just don't see many other places where anyone can earn crypto like this even if they have nothing to invest but time.
I've not traded recently. I ought to check on what my options are now.
The merging of social media and finance is Hive's big advantage. Most cannot do it. We will have a lot of different feeds ultimately.
Look at HBD in Sucre. That is a massive onboarding tool.
Posted Using LeoFinance Alpha
By the way Steve, I've just checked out Mastodon as I hadn't heard about it, FYI there is a central figurehead CEO and according to various figures, it has 10,000,000 active users. I personally don't think Hive will ever get to this for various reasons, anyway, I'm gonna check it out!
Cg
I think there's a company who work on the open source software, but anyone can set up a Mastodon instance with their own rules. They link to each other, so you can follow anyone. It can be a pain if you get banned from an instance or it shuts down. The latter happened to me a while back.
Hive is struggling to grow for various reasons, but should be able to attract many more users.
Yeah and that company is very much the figurehead
I can't see how Hive can grow without at least a central driving marketing force. You can have the greatest idea in the world, but if you don't tell anyone about it, the idea will fizzle and die.
Anyway, what is it with crypto? "Mastadon" is an instantly forgettable name and "Hive" is the name of another blockchain company.
Who is in charge of naming? 🤣🤣🤣
Cg
Mastodon is a non-profit, so they are not looking to get rich from it. That may be reflected in the anti-crypto attitude I see there from some people.
Hive was not a great choice of name, but I would hope the brand can still be worked on. If we want decentralisation and freedom then we have to accept some compromises anyway.