I like what I am seeing on Hive of late, people talking about DeFi options, interoperability, piggybacking on other chains, atomic swaps, with gateways and applications popping up all over the place. It is exciting and if a few of these things pull together at the right time, they can offer a relatively clean user experience into crypto - something that Hive is built for.
In regards to this, @theycallmedan mentioned something super important in his recent post talking about the value of Hive the blockchain as a second layer infrastructure that will specialize in being the home of web3 use cases.
I know many hive users that have never even used bitcoin before they earned Hive for the first time, not many cryptos, if any can say that.
@theycallmedan
This is very important. I am one of these users, someone who before my signing up, had zero experience with cryptos or blockchains, other than knowing the name Bitcoin. Due to my financial situation at the time, I had no way to buy in and like many others, I had 15 starting Hive Power to my name and a blank digital sheet to start from. Again, I know that this isn't how people see Proof of Brain, but I think that the many people who have been able to build their account up from nothing to some of the largest on the platform through participation, have proven something.
No crypto project in the future is going to be able to stand on its own two feet without becoming part of the larger crypto ecosystem. However, it is going to take a very long time if all the projects have to rely on people first finding and making the step into Bitcoin, before they can cross over and explore what else is out there.
Hive being a community orientated infrastructure has a massive advantage in this area as not only is it geared toward social interaction, it also provides the ability to easily integrate those web3 experiences and games as well as giving them access to a mature community base, core and second-layer tokenization and economics, a host of configuration options, as well as feeless transactions for whatever kind of utility they desire. Hive is built for direct onboarding that bypasses the "traditional" stepping stone of Bitcoin and Eth.
Hive is not just a collection of cells where the community resides, due to the decentralized nature of community driven development potential, it is also a hydra that can have an unlimited number of faces that are all connected to the core blockchain. This means that while these faces can be highly diverse in their use case or community genre, they are all connected to the core body, meaning that entering through one gateway facing adds user mass to the entire organism. Not only that, that one account cell has options to enter multiple other facings and feed their own diverse tastes for entertainment, education or employment.
This of course has advantages for the investor set of user also, as the more facings there are, the more applications, use cases, web 3 sites and communities attached to the body, the more stable and through the growing mass, the gravity brings in more users through various networks and channels. This means that while currently volatile, as the entire crypto ecosystem normalizes, Hive could stabilize faster than other projects as it doesn't rely on a single user group. Create bridges to other similar projects like Ethereum, and a fabric of blockchains that serve a highly diverse set of users can be somewhat harmonized globally and still remain decentralized.
This approach fits the approaching conditions of society, employment and economy much better than what any of the current government based system can, without trapping or controlling people, as it is all opt-in. Right now it is about getting on the field of play and being where the ball will be, even though the whistle hasn't blown and most of the players haven't even started warming themselves up.
Hive can hit the ground running and become the public facing for crypto and the core hub and user distribution channel for all the people to come, all those who are yet to buy their first satoshi - like me, back in the day.
While we all want the price to pump and reward our hodl, there is more to the success of Hive than this and it is going to come down to how the technology and community are able to become applicable to the changing of society. The centralized social platforms that revolutionized global connectivity and fundamentally changed how we consume, how we speak and how we spend - are cracking. They are cracking because they engineered a world they thought they could control, but have since pushed their oppressive regime too far and now, we are pressing back. And we are pushing back in a way that they never would have predicted, by replacing the global economy and slowly making all of their gains volatile to the point of valueless.
Slowly, slowly - the walls are coming down and we can not only see each other - we can empower each other.
Taraz
[ Gen1: Hive ]
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I read Dan's post some hours ago, and it's great to see you expand on it. Or is it beside it? Or wrapped in it? :)
I think the use case of Hive has not even begun to really take shape. There are places to go and projects to pursue to be sure, but I think the absolute direction isn't even started yet.
I look forward to (and hopefully not far) where new users will come to Hive without even knowing that they are here because their UI will not be required to learn anything about the block chain to begin. Not that I think that is the only way, but I hope it's one possibility.
On another subject, I just don't understand the fixation with price. Up two cents and a certain faction is certain that 50 cents and the moon is next. Down two cents and another faction is convinced that the Bears will devour all and they will be left with what they started with-nothing.
Truly, in the case of Hive at this time the price isn't even relative unless you are trading in a very narrow range.
Ahhhhh. I guess that's just the way it must be. Doesn't mean I understand.
Thanks for another really marvelous post.
I never know :)
This is the dream. I have had the thought for a very long time that it operates much more like the internet itself, an underlying protocol that gets leveraged, but users don't have to know about the infrastructure - just sign up for access.
People focus on price because it is their focus in life due to circumstances perhaps. In some way, not focusing on price is a privileged position. I try not to spend too much time thinking about the current price, but rather what it might take to get to a point where price becomes meaningful for me. We are a long way off, but on that path is a lot of community building. Some see the price as the goal, I see it as a byproduct of a strong community.
Price is so relative, and generally NOT relative to what it should be. Ideally (to me) price would be relative to the strength and dedication of the communities and people on the chain rather than relative to other coins or societies. Probably never happen, but I can dream.
I agree. At the moment, there is no (real) sense to most of the pricing going on, especially since a lot of the projects are effectively dead through disuse.
!ENGAGE 20
ENGAGEtokens.Hence i cant keep emphasising on the adequate information problem. The only thing i knew about the crypto currency was bitcoin and how you could possibly trade with it. Nothing more. Even when steemit was at its peak, i still knew about it in relation to bitcoin. Diving into hive now and seeing the depth of it is just like a whole new world. I appreciate every effort to be truthful and as detailed as possible about Hive
In the "real world" a lot of people limit their understanding of economics to what they can spend their money on - understanding more means to have an advantage over those who know less - knowledge is power. How we use that knowledge is up to us and the beauty of Hive at this point is that for one to gain, another doesn't have to lose. We can all do well together.
!ENGAGE 20
ENGAGEtokens.Are you talking about me? Zero crypto knowledge other than overhearing BTC and ETH are money making machines. And, I can attest that the amount of information I gathered around Crypto has multiplied by N'th factor :)
I can throw few technical Crypto jargon to others if required. 🤣
It is interesting how some people pick it up fast, others never really get interested. There is a difference in how each person approaches their time here as well as variation in background and skill - but some actively look to learn, some see to avoid learning at any cost - a high very high price perhaps :)
Add to all that a new crypto bull run and all the media talking about it and we have the perfect scenario for mass adoption. If we all think about it, the Steem/Tron episode was probably a blessing as the community took the responsibility to grow the project instead of relying in Steemit.
I think that it was somewhat of a blessing, rather than pissing away the opportunity. Hopefully the bullrun brings in a lot of fresh and curious eyes.
great post, I also have the feeling that things are coming together lately. Sure, there is a lot more to do, but at least we can see that things are moving.
Yep, sometimes fast, sometimes slow - but continually moving forward.
This is an important post, I hope a lot of the developers read it. yabapmatt did a post case use for Hive and where to focus, I have always thought the focus should be on the backbone of Hive Block Chain. Hive is like you said a multidimensional being. The products, games, front ends, tools; they are the heart, mind, and soul of Hive.
I think that while many people feel they have a great understanding of what is going on here - I suspect that there are plenty of apps and services each doesn't know about. Add 10 million people and another 1000 apps and it becomes very difficult to see it all.
I had the same experience when I arrived. Zero knowledge of crypto, purely organic growth. Unfortunately my participation has been quite limited but I certainly feel that's one of hives greatest assets - being an entry into the Cryptoverse
Nut you are here and you are active-ish and that is meaningful. I reckon that you have probably learned a lot here that will be of value to you in the coming few years.
I come to hive platform by reading a tweet and end quite liking it also I learn quite a lot from reading a post on the hive and because of it I invested my time and money on the hive and I'm quite happy with it
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it is good that you are enjoying your time here.
@tarazkp! Love Hive! Great opportunities open up here!
Lots to explore now, heaps more to come later :)
I joined steem to blog and try to earn some extra dollars on the side.
I know have a decent sized #hive account. Ledger with bitcoin and eth, multiple shitcoins that will never do anything, a crypto debit card and a whole lot of new knowledge.
Though hive i have gone from zero to 5 in the crypto world. Some investment and a lot of time and energy. But with that said there is nowhere else i would want to be. I know that in the long run users will never see a lot of what is going on now and will jump into apps or websites to earn but for those of us who have been grinding since the early days it's interesting and enthralling to watch all of the development first hand.
Going from a website for blogging to all of what we see now and a lot more to come.
It is going to be interesting if one day there are millions of users here and what our place will be in that world - the godfathers of Hive ;D
I owned HIVE before Bitcoin also. I'm amazed by the idea that I can earn money from things that most of us share for free on traditional social networking platforms.
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It would be interesting to know what percentage of Hive users had Hive before any other crypto.
Yep, it is pretty amazing - but while we share it for free other places, it doesn't mean it is distributed freely - which is why Facebook can be worth hundreds of billions, but users get nothing. Hive essentially cuts out the middleman by making the users the owners and developers too. It is a brilliant system and deserves far more attention.
How do you know any given crypto project only has two feet? :D
I really like the bridging ideas for no other reason than I hate siloing and the associated delusion of exclusivity. I'm sure there's plenty of other advantages and problems to go with it XD
I am being generous. Some don't have a leg to stand on ;D
I think in general, bridging would be a boon for all concerned - the negative for Hive is that Hive people might travel elsewhere to explore -and since it is the or among the largest crypto communities, it could get quiet for a bit. That isn't too much of a risk though.
Up until recently, I used to be a victim of extremely high international transaction fees charged by the central authorities and banks. As a medic, I have to pay for a lot of online resources and I was bound to pay their ridiculous charges and heavy their pockets. Until yesterday. When I found a way around this, and made use of HIVE to pay for one such subscription and I paid ZERO fees in transaction! That's where the real value lies.
That is awesome! This is exactly what needs to happen more - nice one.
When I read the article, it became very pleasant that I, too, was able to prove (first of all to myself) that the world of cryptocurrencies is not so difficult. But, I still invested about $ 100 at the end of my first month on the blockchain.