Times of economic contraction are when disruption takes place. Some of the greatest business success stories happen during recessions.
In this video I discuss how far we came in under 2.5 years with Hive. However, depending upon your outlook, we could see a grand opportunity over the next 18-24 months. We are approaching upon a global setback economically. At times like this, people become more open to change. That is where disruption happens.
▶️ 3Speak
PEOPLE have become more acceptable to change on the hive as it evolved a lot in these years
Yes well progress happens, whether we are ready for it or not. LOL
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This is a pure fact during recession a lot of deep and high reasoning comes up and success is achieved.
where some see a problem, others see the opportunity to obtain economic resources, so we should not be discouraged, we just have to know and wait for our moment
During times of economic contraction, businesses have to change their models and find ways to survive. This is when disruptive companies are born. While it may seem counterintuitive, times of economic downturn are actually when new businesses have the most opportunity to succeed.
Thank you for sharing this my friend.
People are now getting used the level not changes that occur around the hive system recently too
Yes. I have a feeling the HAF will be a springboard for a lot of development. This is going to get very exciting.
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Outstanding as usual!
This big truth is what I've came aware of just a few days ago... instead of trying to "become" something for Hive, it works better the other way around: let's bring our so-called IRL to the Blockchain! Utility is everywhere. If we also support those businesses coming into the network, then it's just a matter of time that more and more of them come over.
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- EvM
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Givers get. That is the mindset I think people need. Just jump in and starting adding. The rest will follow.
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STOPCheck out the last post from @hivebuzz:
The only constant thing in life is change and this is what we are seeing around us today.
Starting a business on Hive…
This is something I think people still haven’t really considered enough to see the real potential.
If you bake cookies a few times a year to sell for your kid’s summer school program, or church event, tokenize them and offer an attractive discount if the customer pays with Hive.
Direct customers to your page here along with Facebook. Begin to migrate your following, even if it’s just one user at a time.
These seem like the small practical ways to grow here that I don’t really see anyone taking advantage of.
Summary:
In this video, Taskmaster discusses the future of cryptocurrency, focusing on Hive and its potential amid economic uncertainty. He highlights the importance of cryptocurrency moving beyond speculation into real-world applications and business use. Task emphasizes the need for cryptocurrency to address economic challenges by providing solutions where traditional systems may fall short. He mentions various projects within the cryptocurrency space, such as LeoFinance, Hiveback Dollar, Splinterlands, and PsyberX, as examples of innovation. Task stresses the importance of disruption, utility, and building on blockchain, suggesting that embracing entrepreneurship on platforms like Hive could lead to success, especially in times of economic difficulty.
Detailed Article:
Taskmaster begins by reflecting on the evolution of Hive over its 29-month existence since the fork from Steem, illustrating the potential for disruption during economic downturns. He explains that innovation often thrives during challenging times as people become more open to change. Task discusses the current economic uncertainty, forecasting a prolonged period of economic contraction through 2023 due to various indicators like the yield curve, bankruptcies in industries, and other global economic circumstances.
Highlighting the significance of cryptocurrency, Task emphasizes the need for its transition from speculation to practical business use. He points out that as traditional financial systems tighten lending amid economic contractions, cryptocurrency could step in to provide funding and innovative solutions. Task envisages cryptocurrency's role in filling the gaps left by traditional banking systems and sees the potential for projects like Hive, LeoFinance, and others to contribute to increasing the money supply and providing valuable services.
Taskmaster emphasizes the importance of real-world utility and disruption rather than focusing solely on price speculation when evaluating blockchain projects like Hive. He draws parallels to successful businesses like Tesla and Netflix, illustrating how innovation and adaptability can lead to industry dominance. Task encourages individuals on Hive to build their brands and businesses on the platform, leveraging decentralized databases and account management systems. He underscores the importance of being a builder during times of economic uncertainty to reap rewards when conditions improve.
In conclusion, Taskmaster emphasizes the need for the Hive community to focus on building and innovation to drive growth and success, especially in the face of economic challenges. He envisions a future where cryptocurrency plays a pivotal role in providing solutions and disrupting traditional systems, urging individuals to seize the opportunities presented by platforms like Hive to thrive in a changing economic landscape.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.