With so much work-related stuff going on this week, I haven't had a lot of time to look at the markets, but have had a chance to talk about them with a couple colleagues who have got in and are now interested. It is funny to see one of their screens opened to trading charts for Bitcoin. They are both invested traditionally in stocks and are relatively risk seeing and invest into near-startups, but I have never really heard them talk about it and definitely haven't seen them checking charts during the day. there is something about crypto that is so much more engaging and interesting than other investments and even with small amounts, people will invest their time and energy to a far greater proportion.
I started off the day from home yesterday and didn't get to the office until lunch, but I could see from their faces that they "wanted to talk" about the drop in bitcoin price. One of them mentioned the Bitcoin double-spend news, which didn't happen, but supposedly spooked investors. With markets being sentiment-driven and people these days being emotion-driven, FUD is going to affect trading mindset heavily, especially if they "trust" the source of their information - with many getting their news from CNN, NBC and other such places. The same places that didn't talk much about the run up, but ever retraction gets real estate.
Part of the stickiness of crypto is the ability to participate at a more granular level, it doesn't have to be set and forget. However, the trade off is the direct feedback that it is a dynamic and always moving environment with no stable ground. While the premise is "ownership" of resources, most people don't understand this at the basic level of a blockchain, let alone what it means for their life.
With the purge on centralized social media bringing visibility and bullet-pointing the lack of account ownership, I think that ownership in general is going to increasingly come into the public discussion. I have been talking about this in terms of account ownership on Hive and how it can be used to protect freedoms, content and make demonetization far less likely, but it also brings other things to the table as well. Stability.
@theycallmedan was writing about account ownership on Hive and in general as one of the things that web 3.0 will require and I agree. I agree in many ways, but especially from a digital social perspective, ownership brings peace of mind to a user.
Our digital spaces become an extension of us and in many ways, has become more representative of who we are than us in the walking world, as we spend so much of our lives online. The average person has multiple accounts across multiple platforms and they invest a lot of time and effort into populating it with parts of their life, branding it with their own styles, images and quirks, curating content to share, connecting with people and of course, consuming the digital lives of others. The way they are designed is so that this little piece of digital real estate feels like "ours" - but it is not. As we have seen.
However, once an account is owned to the point it can't be taken away, a user is able to trust the stability of the account in a way they couldn't before, being able to turn that digital land into a digital home. That may give the "home" button on sites a new meaning one day. This Home not only becomes an owned place to play, it becomes a secure hub of interaction and on Hive, it will be increasingly possible to build connections with the rest of the network and manage them through one clean and simple interface, without those interfaces needing to step on each other's toes.
But more than this, the reality of ownership brings a permanency and sense of responsibility to the space itself, which is why so many Hive users are quite passionate about Hive itself, including me. While I was on Facebook for 10+ years, out of all the iterations to the UI and UX, I didn't care at all about Facebook - Nor Instagram, or Twitter. While I did have the sense of "ownership" of my account (knowing it wasn't actually true) so that I maintained it as a home, I didn't care about the platform itself.
I think that this is quite interesting, as what ends up happening is that all users are renters that have no incentive to care much about the platform itself, other than its functionality to do what is wanted when wanted. While this is convenient, it also means that there is no real recourse possible for unwanted, other than quitting entirely or becoming a disgruntled employee. On Hive, even though people don't get their way, there is the sense of ownership of experience, where a user can pick and choose many aspects of the platform to the point that they are even able to earn in different ways.
Think about that for a moment.
How do you earn on YouTube, if you don't make YouTube videos? How does an average person earn on the internet at all? While the internet itself facilitates a massive global digital economy, most individuals can't do much to tap into that market themselves. The internet is a pretty closed off economy in many ways, as it only offers most people access to the selling part of the economy, not the consumer functions. To gain from consumer interaction, a user has to invest into a centralized company like Facebook or Google, they can't do it by themselves.
I think that this is quite an opportunity for Hive as both a general-level blockchain that can house many diverse usecase applications, and a place where there are multiple ways to invest oneself and earn from interaction and activity. And of course, this is all done from the secure point of account ownership, meaning that there is also freedom to take an own path as an owner - including being a "rival" to what is already available. Hive has a few video platforms like @threespeak and @vimm and could potentially house many more, with all benefiting from each other from an infrastructure perspective, whilst simultaneously competing. Frontends are the same where they can compete on niche while still leveraging the user base of the blockchain - or games that can attract players from other games and the player can use the same login - or a billion other possibilities.
What is fundamental to all of this is the ability to own the account, to have verifiable claim and total control over the account - as the account itself is an NFT - a unique token that can be used in multiple ways to for example gain access to a frontend, prove an identity or, like @blocktrades was talking about the other day,provide data for a web of trust. If I think about my own account from this perspective, I know that I can enter in to all kinds of Hive applications, I know that people can "verify" me since I have met many and by extension, I know that because of the account the account to some degree behavior, my behavior, most people trust - not because of the reputation score which is largely meaningless, but because of all of the interaction over the last four years that is faithfully recorded to the blockchain.
There is 4300+ posts and almost 40,000 comments and 77,000 votes created proving my account and all of it is safe, immutable and mine. Yes, it is public and anyone can leverage the surface level of it, but not one single other person in the world can be this account, as they can't be me. I own this account keys for sure, but I also own all of the experience that has gone into creating it and I feel secure that it is mine.
I have peace of mind, because I own a piece of the chain for as long as this chain exists. You might not like what is said, but every three seconds a new block is verified, both Creating and protecting the ownership of others on the chain also. The Hive world keeps expanding one block at a time and what has been created in the past can't be undone, or washed off the chain, it is there forever.
This owned and protected permanency and consistency is going to valuable in a multitude of ways on web 3.0, most of which haven't even been thought of yet. What is the most exciting thing for the average user is that, they don't have to ask permission to take part, they just have to participate in the process and the more they do, the more they own.
Taraz
[ Gen1: Hive ]
Posted Using LeoFinance Beta
That Property Security is what keeps me active and the possibility of building solid foundations so that in the future I can take advantage of all the fruits that I can reap on the platform.
I would like more people to be encouraged to be part of Hive and to be able to know every aspect of what the Blockchain is and the benefits that this has on us.
In some of my posts, I was talking about why we still cannot capture the attention of those users who still make life on Facebook or YouTube and mark two points, the first is that people seek greater visibility and second they only share and publish for the love of art, that is to say, money or the feeling of ownership do not interest them.
What I mean is that people who come to platforms like Hive seek that freedom and property rights as well as an economic income.
Of course this is under a unique and personal thought, but it is something that I have been seeing and I had the opportunity to verify with a family member who gave me that answer.
That left me wondering how we can do to attract those users and the truth is that we should continue working on Hive so that it looks like a social network and that people outside the platform can see the long-term benefits and focus on the qualities. of a social network.
Of course all this is an opinion and personal point of view.
The first one I agree with a lot. People like to be where other people are. I think that if dissected, the "love of the art" would be for most of them, the love of attention.
I think that this is important, and web 3.0 is going to require the integration of real economy into web 2.0, and that is what we are working on here.
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Much remains to be done, but that goal must never be lost.
😎👍
!ENGAGE 20
ENGAGEtokens.It hasn't been tons by any means, but I am very thankful for everything that Hive has given me over the years. I agree with you about the crypto markets being much more exciting to watch. I keep a chart open on one of my monitors all day. My biggest thing is how they never shut down. Unlike the traditional markets that technically "shut down" at night and on the weekends, the crypto markets are always moving.
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I think this is the way of the future for all markets - though when does a day trader sleep? :D
Always enjoy reading your insight, this is no exception. Most here are tired of the foray on web 2.0, enjoying the manner in which Hive is being run, the introduction of many new areas that will suit different needs people require going forward.
Most importantly when people realize your above remark, owning a piece of the chain by participation in such a variety of ways will build a new hope.
@tipu curate
I hope more people start waking up to the issues of centralized services, rather than jumping onto the next full of promises.
Yup, this should be a golden era for decentralised networks what with the centralized networks trying their best to ban and upset at least half of their users. Has Hive seen a lot of new users after twitter went full fascist?
I actually haven't been tracking new users, but I have heard of a few coming in. The problem is that most people talk about what they want - and then make their decisions on convenience instead.
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From one blockchain owner to another, this is a exceptionally well written set of words that concludes with real ownership.
Ownership, security and profits, even if they are small, are better compared to any of the main stream offerings.
Excellent points for the recruiters to focus on.
FUD is going to affect trading mindset heavily, especially if they "trust" the source of their information - with many getting their news from CNN, NBC and other such places. The same places that didn't talk much about the run up, but every retraction gets real estate.
Yes indeed and it doesn't take a university professor to figure the FUD one out, as even this dumb-ass can (me, not you) they are effectively protecting the current status quo.
They will end up red faced as the blockchain continues to upend their squank systems.
It is funny. the media has done a great job of training people to not do anything at all, other than complain about conditions and be outraged at stories that don't affect them. The status quo remains, with the majority supporting the system by getting drained of value.
I am meaning to write a post on something you mentioned the other day, but will get to it later perhaps :)
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They call that conditioning my friend and the blockchain is a big threat to their very existence.
That's why they jump on anything negative to blow their trumpets of warnings for the sheep to follow.
I don't understand D.buzz too well, but I was told that it is Hive's twitter.
You know that we place our daily posts in Twitter with no complaints and everyone does.
So this morning on my post in d.buzz yesterday, a guy complained that I "grab a photo from a previous post to milk the system" instead it was my tag picture of a post on the same day!
He has cost us 10 downvotes on the post!
Papillon has a clean record, so why would I try to milk any system?
I see no rules there against post promotion.
I like this
I don't like this.
You're a tech guy, try to think of yourself as the new single point of failure to all your achievements. Real ownership of yourself changes just everything, but are people really able to handle themselves, AND do they want to?
That's such a deep question, it's archaic. I would like to fall back on religious stories from the book of Genesis to comprehend the impact of self-consciousness and what that would mean to society today. When Eve gives the apple to Adem and he becomes self-aware, he becomes miserable at first and blames everything on Eve. He just evolved into a miracle of a being that is able to judge good and evil, but he hates it. On top of that God, himself abandoned them both. Now if Adam would be a citizen of 2021 and eat the 'apple' again, he would start to distrust societal norms and government while getting self-conscious. I can see that happening to a lot of people in the space.
Now, will they take the red pill and leave Paradise, KimDotcom-Style, or is integration possible? The answer is in the text, God sends Adam and Even away because they can't be trusted anymore. In exactly that fashion, Governments can't trust in the complacency of self-sufficient humans. That's a dangerous road and we can see it happening in real-time. Every time I read Crypto and Terror in the same sentence, I can already see it coming.
In my conclusion, it takes forever for a human to understand what owning oneself means and none really knows what might be happening as soon as mass awareness rises. We failed this task a thousand times already, why would it be different this time?