This morning, I got up early (after going to bed late) to watch the swimming finals - looking for the Green and Gold, to strike gold. I even woke my wife up (for a couple minutes as that all it took) so that she could watch a race with a Finn in the final, who swam a great race to take an unexpected bronze medal, with the Australian taking the gold in a come from well behind win, after being over a second down at the last turn. My wife was really happy with the result, then went back to sleep. In another race, Australia took a silver, getting pipped by 0.06 seconds and in an upset, the Australian women's 4x200 relay team looked quite dejected, taking a bronze medal.
It is interesting how expectations have such a big effect on whether a result is good or bad and it obviously isn't only the spectators who judge results. Competitors also have built up a confidence level in how they are going to perform, but race day can tends to see a mix of results, with favorites underperforming, even though they outperform the majority. If you are at the Olympics, you probably have a pretty good understanding of your chances and a track record of experience to back up your expectations.
The results at this level are definitely not random, but they are also not guaranteed. All athletes can do is their best and no matter how much preparation is done prior, unexpected happens and the variability of human performance comes into play, with some people making a slight error, another making a slight improvement. Timing is everything.
Just as I was climbing into bed again, I did a silly thing and checked the markets - HIVE was up and to my pleasant surprise, Hive was up and riding at 53 cents on a spike. So, back out of bed to adjust some sells, because I had shifted stuff around in Binance in preparation for the changes to come.
While it is only technically so, it is interesting to consider that the move from 34 cents to the current 48 cents increased my account worth by almost 40,000 dollars in the space of an hour or two. That is quite an incredible shift from my perspective and while I do not expect it to remain up right now, I also know that it can surprise me and head back toward a dollar, or far higher.
While I don't have all my eggs in one basket, I do have quite a lot of eggs in HIVE in the hope that it will be one of the projects that emerges as a dominant force in blockchain and tokenization, based on the social aspects and its ability to flex and house a wide range of content experiences. Splinterlands, which I have also recently taken a small position in is a good example of just how Hive can support a wide range of growth in many directions and, still give them the flexibility to grow outside of the ecosystem and interact heavily with other chains and communities also.
While there are always going to be challenges with all innovative technology, Hive is not only fast, secure and scalable to use and to build upon, it also benefits from free transactions, making a transaction heavy application like Splinterlands far more viable. We have seen in the past how the rise of Cryptokitties back in the day crippled Ethereum, slowing it to a crawl. And now, the transaction costs on Eth make gaming difficult, which is something Gods Unchained has suffered from. Yet, Hive hasn't slowed and transactions will remain free, no matter how many people start playing the growing number of games.
Once developers start to recognize the value of this, combined with the value of a growing and seasoned crypto community, it seems a no-brainer to build upon it, if only for access to the free and fast transactions. As more do, the value of Hive also becomes more important in the reasons to build, as it can mean that a lot of users who are earning will use what they earn to further support the decentralization of the Hive network.
Often, we look at the decentralization of a blockchain through the distribution of the base token, but this is only one aspect of it and is far more important for specialized blockchains. For general blockchains like Hive, decentralization also comes through the second-layer applications and how value is distributed across the entire ecosystem, even if it is not directly tied to the base token.
As application and value distribution happens on Hive, HIVE becomes far more important as a governance token that is able to be used to secure and stabilize the second-layer and I suspect in coming years, there will be an increased move away from direct rewards and instead the HIVE distribution will be pushed more toward investors and perhaps applications that add value directly.
But, timing matters and this shift will likely happen in many small stages, slowly bringing what Hive offers into an alignment that give increasing capabilities for the entire user base to take advantage of, whether a developer, an investor, a creator or a consumer. Ultimately, the Hive ecosystem should serve to empower its userbase in multiple ways and in ways that the users themselves can choose and even create new ways for themselves. Increasingly, this will include more external communities and blockchains, to capture more hybrid users and the value they generate through additional activity.
While nothing is guaranteed, a healthy Hive is what I am preparing for and while the rise in price is exciting, what is more so is the potential it can bring. At some point, price will reflect the value that the userbase experiences on Hive across all of the applications they use.
A penny here, a dollar there. They all add up across the network.
When there are billions of interactions, timing becomes less important and makes the long-term far more stable. I am hoping that my investment in Hive and in HIVE is going to deliver a consistent performance, where we are always in the finals, always frontrunners.
Taraz
[ Gen1: Hive ]
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Splinterlands is on a tear at the moment.
I watched a bit of the Trap shooting; those guys are absolute machines.
Small black blur, twitch of the arm, purple cloud.
It's how I imagine @galenkp at the range.
Better late than never for me :)
You must be seeing some massive gains.
I am not sure if Galen has tried trap. Those shooters are amazing though.
I was thinking that when watching the skateboarding with J and the men's gymnastics with the two younger ones (haven't looked at anything since as when I have been home I've been working).
And also remembering having to give pep talks to children about don't stress that you didn't medal at states, you got to states!
Same thing again, they have too high expectations of themselves and the crash when they fail to meet those expectations is pretty huge.
Don't know how to relate that to crypto though seeing as to this day I take it about as seriously as fiat (which is to say not very_ ^_^;
Hive was experiencing some pains most of the day yesterday. Splinterlands went down for maintenance in the middle of (my) day to upgrade some of their servers to fix the issues. That is part of what I love about Hive. So scalable. It was a relatively short outage in the grand scheme of things and stuff already seems to be running better today.
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I agree that scaling is very valuable, and the value of Hive’s infrastructure has been undervalued in the past, but becoming more valuable going forward.
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I think there was a change to the image hosting code somewhere, but I think the Splinterlands issues were unrelated and maybe due to the increased loads on the servers.
One of the good things is that it doesn't take long these days to adjust with demand.
yeah I know of old days when it takes a lot of time to do so and also with low speed
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Yeah, and you can always try a different node if you are familiar enough with the interfaces to do that.
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it happens so that server keeps working properly
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Green is most desirable color in the crypto market and Hive is deserving crypto where huge ecosystem are being operated by the network. Splinterland is just awesome game which i like more than other games . Hive is growing in every day in every corner. Did you try #dcity #cropfarming ! you will too like this .Anyways hope this olympics bring some positive vibes for you 🙂
It’s one of my regrets that I didn’t get into Splinterlands, but I hope to remedy that soon. I took an initial small deity position and never played cropfarming. I think I need to diversify in this ecosystem LOL
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Have you been playing a lot of Splinterlands?
splinterland is very addictive and entertaining . i like playing it but not lot😊
I agree the crypto has been increasing lately and I think we have to think hive has also increased a lot I did buy it when it was down to 25 cents or so
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Did you pick any up when it was around the lows?
I did buy hive
This is a lot of money in such a short period of time.
There's always a reward for investing on a platform with the kind of potential Hive has. I've learnt this from the little success I've made so far. No regrets.
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Massive amount.
It can be difficult at times, but there is upside too :)
No matter the shape Hive takes in the coming years one thing is certain - It will always favor those who hold. I'll say you are in pretty safe hands
I am looking forward to being able to get a decent return on all the work - one that has practical advantage, not just theoretical :)
Hi Tarazkp
Congrats to Finland for metaling, many hope for same, but don’t get, your right, it’s frequently about expectations.
I think these two paragraphs were very interesting:
I think this will be shown to be correct over time. We are slowly witnessing the success of second layer projects on Hive. These projects bring new people to the community, and even if those people are only active on the second layer. They still represent a need for resource credits and a growth in the community. The community growth is broader this way, and I think more resilient.
I am glad to see you achieving your goal of trading liquid Hive a bit to take advantage of Hive’s periodic price swings. You have mastered the content creation and curation aspects of Hive, so it’s natural you would trade more.
It’s interesting to realize that diversification, something we are always advised to do in our stock portfolios, is also a good idea in cryptocurrency. It’s also interesting that the Hive community has become large enough to contain many diversified elements like tokenized social media, tokenized gaming, tokenized art and decentralized finance.
I think it’s useful to own a bit of Bitcoin, and Ethereum. But the diversification of the Hive ecosystem makes your all eggs in one basket seem much less like a singular investment now, then it did before. In fact your success in the tokenized social media aspect of Hive could be seen as the pathway or springboard for diversification aspect of your nest egg, by redirecting some of your profits from the original investment into newer ones which came later.
It could be said that Hive has become a financial tool Smorgasbord a very varied entree banquet.
Bon Appetite!
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