HIVE is going to be in short supply.
This is something that is hard to see now, especially as the market is unreactive. However, there are a number of factors where this can be the case.
In this video I go through the 4 factors which can cuase great demand for HIVE. These are based upon the design along with some future building that can radically alter things.
▶️ 3Speak
In the future one thing is for certain that hive USD value will go very high.
@idksamad78699 this AI too?
exactly, Ai saying hide your hive he's coming.
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After seeing your posts about the age of abundance, I can really see this happening. Those factors really explain it well too. Hive has a lot of potential because it is text based. It would take just one big user, and it could suddenly explode in popularity.
4 factors: staking, liquidity pool, collateral, and HBD.
A billion HBD? How can we reach that number from its current 34.8M supply?
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Hive has somewhat underperformed so far in this run up from Oct 2023 - at least compared to other L1 chains. Do you see that changing as we progress further into a bull run?
The more we see the adoption of hive and I am really talking about the more the need of hive spread, the more hive will gain more value
You didn't spend too long talking about RCs which in my opinion could be the ultimate driver of the price.
I know if I could yield farm bandwidth on the Bitcoin blockchain by owning stake I'd always make sure I had enough to transact for free forever. Same for Ethereum. In fact at this point I've basically abandoned ETH because it really is just that terrible from a fee perspective.
We are hoping that the bull run will go on for a long time. At least until December 2024. We only have to ride the waves up until then to get the the most out of it.
Summary:
In this video, Task discusses the concept of Hive and its potential future applications. He emphasizes the increasing demand for Hive and how it could be used for staking, liquidity pools, collateral for loans, and the utility of HBD. Task envisions a future where Hive's value and usage increase significantly, especially in decentralized finance (DeFi) applications, emphasizing the self-feeding financial system such platforms can create.
Detailed Article:
In this video, Task delves into the potential future of Hive, highlighting the increasing demand for it and its various use cases. He mentions that Hive could play a crucial role in staking, governance, curation, and its function as an access token to engage with the blockchain. Task predicts that as blockchain activity grows, the amount of Hive needed for access and engagement will increase as well.
Task also discusses the importance of Hive in liquidity pools, particularly on decentralized exchanges where he sees the future of crypto transactions lying. He explains that having Hive in liquidity pools is essential for trading on these platforms, emphasizing the need for significant amounts of Hive for these purposes.
Another significant point brought up by Task is using Hive as collateral for loans, although he mentions that there might be better systems for collateralization. He introduces HBD and its utility in the ecosystem, stressing the astronomical amounts of HBD that would be required, ultimately driving up the value of Hive.
Task explores the concept of HBD further, discussing its potential as collateral and the creation of a lending platform. He envisions a scenario where users can leverage their Hive holdings to obtain loans in HBD, creating a self-feeding financial system within the ecosystem. Task highlights the differences between decentralized finance and traditional banking systems, underlining the potential benefits and unique aspects of DeFi in this context.
In conclusion, Task emphasizes the transformative potential of Hive and HBD in shaping the future of decentralized finance within the ecosystem. He envisions a financial system that relies on leveraging Hive assets to provide loans and create a self-sustaining economic model.
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.