Hive managed to get mentioned in the NY Post in an article about Bluesky and alternatives to Twitter. Well kind of.
We are mostly likely dealing with a situation where they are referring to something else but we will take it. Since it didn't specify, Hive can claim ownership.
Here is the headline that we are dealing with.
Anyone who followed the industry with any focus knows what Dorsey is all about. Nevertheless, it does emphasize there are alternatives to Twitter out there. The reality is that, when it comes to information, we are seeing alternatives popping up all over the place. Fortunately, Hive is putting itself at the center of this.
As for the quote, here is what was written in that article:
Those tired of the billionaire’s antics, including mass layoffs and blue checkmark removals, turned to other options like Mastodon and Hive — and now Bluesky.
It doesn't exactly operate as a referral for the Hive ecosystem but nevertheless, we can spin it that way. After all, the confusion associated with the name can now work to our advantage.
The Value of Building
The idea of replacing Twitter is just a smidgeon of what is taking place with Hive. Actually, we are more aware of what Elon Musk is trying to do with Twitter than most who are writing articles about it. Understanding the eventual merging between social media and finance is a huge step in grasping where things are going.
Is Hive turning into an ecosystem that is offering a wide range of social media applications? Certainly that is true. Yet there is so much more.
Web 3.0 has enormous potential. Hive is already blending social media and finance in ways Dorsey is still dreaming about (Musk too for that matter). Elon wants to make Twitter a payment service, similar to PayPal. Hive already does that.
Here is a screen shot of the YouTube feed on the latest Cryptomaniac broadcast.
For a show that gets maybe 100 views, this is a tremendous jump. It appears the events taking place in Sucre, Venezuela surrounding Hive is of great interest to many people..
This would make sense since it is becoming the model for real world HBD adoption. Those people are starting to benefit from the blending of social media and finance.
While other entities are developing social media platforms, Hive is building an economy. The latter takes a great deal more time.
Long Term Focus
The Internet was not built in a day.
This is a concept that most fail to keep in mind. Development takes time. Look back at early projects and the number of years it took. We know the early days of the Internet, say the 1990s, were a mess. There was a time when Compuserve and AOL were the dominant players.
In other words, there is going to be a lot of transitioning over the next 5 years. We are getting to a point with technology where people are starting to offer services. No longer are we simply dealing with the idea of getting an asset that might skyrocket in price. While that is still a part of the system, there is a lot more to it.
Any developer will tell you that when things go live, that is when the extermination begins. All the testing in the world cannot replicate what happens under loads when something is released into the wild. That is why patches are created and updates rolled out.
I look at Hive as the turtle versus the hare. We all know how that story ended.
Each day, we notice progress on Hive. Certainly other ecosystems are experiencing the same. However, Hive is changing lives and reaching people at a grassroots level. This is not being driven by Wall Street or Silicon Valley venture capital money. Instead, we are looking at a decentralized platform that is moving in many different directions.
The benefit of this is that, over time, they begin to start merging together. It is at that point where applications are able to leverage the existing user base for greater gain.
Apple was able to pull in nearly $1 billion into its new savings programs in just 4 days. This is paying 4.15% APR. This shows how large the market is for yield.
Of course, we know that Hive offers 20% APR when people put HBD into savings. While it might not attract a billion dollars or more, it will keep pulling in millions over time. Do not be surprised to see that reach $100 million in the next year if the bull market returns.
In Conclusion
While the NY Post might not know what the Hive blockchain or ecosystem is, they will at some point down the road. The tortoise appears to be moving along slowing, very measured with each step. Advancement is a grind as the faculties are not there for rapid progress. Nevertheless, each move is forward.
There is a lot of talk about central bank digital currencies (CBDC) these days. What is overlooked is the main market they are targeting, the unbanked, is already seeing Hive have an impact.
We will see how quickly word spreads. Yet, if Sucre, Venezuela is any indication, it will be quick. The numbers there keep growing.
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Hive Blockchain is a company. Google search returns the .com result.
Hive.io is finally showing up on the first page, that is a huge improvement!
Yeah we certainly have come a long way. Hive.io is a good URL to get ranking.
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They are referring to hive.social, not our Hive.
https://techcrunch.com/2022/11/21/twitter-alternative-hive-jumps-to-top-20-on-the-u-s-app-store-after-surge-of-sign-ups/
You gotta love it when that algo picks you up!
Something picked it up. But you are right, sometimes you just get lucky.
Bullish on decentralized social media + economy (plus a successful Web3 gaming platform)!
I have seen the article but it doesn't link to a website so I am not sure if it's the Hive blockchain that we use or the Hive Blockchain company that exists as a stock.
It is safe to say this is not the Hive it is referring to.
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We have an uphill battle on our hands. The majority of people only really know of crypto as Bitcoin and in some areas crypto is treated with great suspicion. I have had several people on Mastodon dismiss it all as scams. I think we should concentrate on niches where we stand some chance of growth, e.g. places like Venezuela and Cuba.
I would have hoped we could have benefited more from confusion with Hive Social. That seems to have died a death.
I agree completely. The reality is the West doesnt really have a dire need for this. That is why they have the luxury of focusing upon price and mooning. Plus the level of impact, in terms of monetary amounts, in the US or EU is much higher than the nations you mentioned.
HBD is powerful because it is focusing upon the unbanked (or underbanked). This is crucial. Here is where thousands could start adopting simply out of the monetary need that is being answered in their community. From there, they can embrace the social side to start the income process.
Hive is starting at the grass roots level in those areas.
Free marketing, we'll take it! It seems that even if we are not pumping money into marketing like other blockchain projects do, we continue to grow organically. This is the most powerful way to expand.
Yeah we will take it. Mention the word Hive wherever we can.
As always to keep pushing it to another level.
5.7k views of the cryptomaniac is quite an impressive number. That is an excellent source of sharing Hive with the outside world.
Hive is advancing slowly and steadily, the time will come when it will be difficult to ignore for those doing so. We just have to keep building on Hive.
It was a first for us. Perhaps we have to try to get things to another level.
No idea what we tapped into.
just what we need, another centralized blogging platform
We knew Dorsey was going this way.
If there is anything more exciting than what is happening in places like Venezuala, Cuba, Ghana, Nigeria, Philippines then I don't know what it is. It is so incredible to see Hive making a daily real-world impact on so many people in so many different places. The net just keeps getting wider and wider and the distribution does the same. Out of everything happening on Hive right now, this gets me the most excited. It won't be long until what's happening in these individual places starts jumping from town to town. The network effect could be something we get to watch in real time.
It is amazing to witness. Love seeing what is happening and how things are unfolding. We are truly changing lives with Hive.
The Hive is proven ecosystem of Web3 and it has all the possibilities to turn any Web 2 platform into Web3.
We are leading the way.
Hive is only accelerating its lead in terms of features being offered.
They haven't realised that what they're searching for already exists on web3 in the form of the Hive ecosystem. The views from the recent Cryptomaniacs Podcast about Sucre is a good traction. It shows that there's an interest in what Hive offers. Focusing on where it is needed could bring about a great impact.
We are already offering what they are trying to build. Plus, we are at the point of improving many things.
Excellent... it's just a matter of time...
That is my sentiment. We have to keep pushing things ahead.
It is good to know we are finally gaining some traction and attention from web 2.
Well I am not sure we are gaining any traction on Web 2.0. That said, we have to keep pushing forward.
Hive is right now over jupiter :D
Interesting
It looks like another cryptocurrency boom is coming soon. I recently read that many people continue to move to El Salvador to take advantage of the heavenly conditions that Bukele created there for cryptocurrency enthusiasts.