cause it's not going anywhere.
I wanted to write a little bit of a different post today talking about Hive and the ecosystem as a whole, it may give some of you some ideas of how you can contribute to the space and be rewarded in the same turn for your contributions other than the regular "post and be active".
Seeing how popular the community both on Hive and irl of "Hive Sucre" is becoming really excites me cause it means a lot of different things for our place. We have merchants there accepting Hive and HBD directly and easily through apps such as Hive Keychain created by @stoodkev and @yabapmatt. At the same time customers are able to turn some of their rewards into various products directly without having to rely on exchanges and other middleman fees. That in and of itself is such a huge step that it's difficult to talk about all the details in one post.
Of course that's not something possible in every country but in many it is and I'm looking forward to see it grow over many different cities and communities over time. I think as a whole, crypto is becoming adopted in more places, even though Hive is only a small part of that it does "win" by other crypto becoming more regular. We've seen El Salvador for instance completely legitimize and incentivize people using BTC and even though we here aren't big fans of BTC and Lightning Network as we usually don't see much use for it, we still have options to use Hive through LN networks and merchants or payment providers that accept LN could easily accept our Hive through services provided by @brianoflondon. For instance, if I wanted to buy a certain subscription of a streaming service or some gift cards for Steam to buy certain games, I'd only need to check for a merchant like g2a that accepts BTC/LN and be able to send Hive directly through @v4vapp and get the corresponding BTC through within minutes. Naturally this would be even better if they accepted Hive directly but knowing how unknown Hive still is to the rest of the world this is an acceptable method for now.
If they were to accept Hive or HBD directly though, there's quite a few advantages in doing so. One of them being the lack of fees and ease of use, transferring Hive/HBD costs close to no RC so even if the merchant account only transfers HBD many times per day he'd never run into RC issues, but naturally if they were to need more they'd be known enough to other hivers for RC delegations to come in to assist. Another thing is, that while big exchanges don't accept HBD, merchants could easily and simply trade their HBD for Hive on the internal market (with no fees) and then send them off to Binance or other exchanges to convert to fiat or what have you. If they're not in a rush, though, and either through curiosity or by customers or posts telling them that they can earn APR by placing the HBD into savings, many I believe would really enjoy doing so, even if it's just smaller amounts like the profits they received in a trade or deal. Naturally now early on there's some risk since HBD doesn't have that much demand and the Hive ecosystem is still pretty small that the peg may not always be pegged, but the more customers and merchants to make use of this currency the more volume and utility it would have thus generating more and more liquidity for the token which enforces stability.
Now off to talk about something else but using Hive Sucre as an example. I talked to @jonsnow1983 a few days ago and was surprised that some of this activity had already started taking place even before my suggestions. That is that if merchants like being paid in HBD because it means it's more stable than their local currency and it means less fees involved doing things this way, they'd also be encouraged to want more customers to pay them in HBD. How do you encourage customer's to pay in HBD if they don't have any, though? Well that's not that difficult neither. The merchant would simply need a way for new customers to quickly create a hive account and as a trial period post something into their community or on their "page" and receive an upvote or two. Naturally they could even set some things up where if you pay with HBD you'd get discounts if you want people already involved in crypto to buy some HBD to use that instead of another one but even without putting pressure on the merchants to force some discounts if the new Hive users would be directed to a community and post something as simple as a review of the store or service of the merchant they could get rewarded for their social activity. Which in turn could lead to their next visit to that store them being able to buy a coffee or drink for "free" with the rewards they earned for their review last week. Sounds too good to be true, right? Well it is in Hive's case.
Think about it from this perspective. Hive as a social media platform built around one token needs more users. I'd go so far as to say that's all it ever will need because that's what's going to drive everything else towards it like speculators, investors and potentially also advertisers eventually. There's a lot of people who keep saying "okay but how much are these users going to power up/ how many of them are going to keep their rewards/ etc", that doesn't matter that much in my opinion. If you believe Hive and all its advantages it gives users will grow, it's going to be their loss if they never held anything and looked to sell everything they could that they earned. Hive's inflation is quite limited and is decreasing in amounts yearly, don't focus too much on that. Sure it means that distribution isn't as good as it could be but I'm sure we could focus more on that in different ways than judging people only by if they keep or don't keep their earnings.
Either way, point being, if your activity is directly causing more people to join the ecosystem, it should be rewarded in one way or another. Either through the rewardspool or through the DHF in some ways imo. Both the DHF and Hive itself win if it spends its resources on making sure this place is growing in activity and naturally all other stakeholders as well.
In the future I'd love to see the DHF not just funding developers or random marketing attempts but also a wide variety of activities such as the Hive Sucre ones where more and more merchants are accepting HBD and customers are in love with spending their HBD this way. It makes for a great experience for everyone involved.
Something else I'd like to see more of in the near future is where merchants have their own communities, treat them as some kind of relationship with their customers where they can leave reviews/comments towards the merchants and in exchange the merchants can announce news/discounts/etc. Everyone upvoting each others comments and posts and it generating a lot of "discounts" if they know a lot of these customers will continue to purchase things from their services. Now let's go one step further. We're seeing more and more stores and companies offer "loyalty points" towards customers, "get our card and we'll track how many coffee's you've bought and we'll give you the 10th one for free", etc. Now imagine being able to cheaply and easily create your own tokens or directly use Hive/HP as a means for collaboration there between brand and customer. Say if you're delegating 1k HP towards this brand they'll offer you direct discounts to their coffee when paying with Hive or even a coffee per week for free for delegating while they use your delegation to curate comments, reviews, blogs, vlogs, selfies, etc, of customers using their products or just visiting their shops, etc.
Ait, probably a good time to get back to the present here but you can see that there's a lot of "acceptable" ways to use this ecosystem and for it to be of advantage to everyone involved. As long as you don't start going into the gray area too much with borderline abusive activities, the community will embrace most of the usecases you bring forth and as long as your activities as a merchant and customer are bringing in more users and giving our token and the ecosystem more utility, it'll all be good and worth whatever value is spent along the way.
Of course not everyone will agree with me here but I think it's something we might be moving towards in the near future of how we can use our upvotes more nonchalantly as long as we know the underlying activity brings us all more value long-term.
Anyway, thanks for reading!
Images from Pixabay.com, keyword search: customers
We're also excited about seeing merchants using HIVE and HBD to receive payments! Actually, we're currently developing a very simple App for them to accept payments by generating a QR Code and a random memo =)
(self-voted for visibility)
That's awesome to hear!
Why not build that directly into Keychain mobile app?
Some of the features we plan to include wouldn't be useful to regular users, we don't want to bloat the App.
Ah, gotcha.
Well, I'll be the first to use it at @recording-box. There's a bunch of HIVE businesses that would use it too. Looking forward to this :)
Wouldn't it be best to just have some kind of "advanced features" option? Mostly just asking cause I've been feeling like @peakd could use that too some times and by default shows too many things at times.
We are currently using your website to generate the QR code, this has actually made transactions easier for us.
Thank you very much, we are currently giving inductions to merchants to have a digital point of sale, which does not generate commissions, and generates a unique code with the amount and memo simultaneously.
The traditional points of sale only register the amounts without any memo, and these transactions go directly to a bank where they take commissions and see the money three days later.
This is a win-win wherever you look at it.
Thank you @stoodkev.
These are great ideas that you comment in this post for the use and promotion of HIVE/HBD in businesses, as more businesses join and understand the opportunities offered by our ecosystem with respect to the payment method, others will not want to be left out and will look for a way to enter sooner or later. This is thanks to the diffusion of Hive.
A few weeks ago I have been thinking about crypto-adoption, because in my region there are several businesses interested in accepting HBD, thanks to the management we have been doing promoting Hive in different events such as: lectures at universities, Bitcoinpizzaday Hivepizzaparty, and the current program Hive on the Radio.
One of these businesses was very enthusiastic when I told him that he would have a lot of publicity in our Blockchain through our community, but thinking further, we could create a kind of attractive website where businesses that accept HBD can promote their products and services accepting our currency, a kind of online marketplace that motivates them to continue with us, in addition to the above mentioned. I am developing this idea with my colleague @soldierofdreams @corimarstorys which we are sure would generate a lot of impact in the affiliated businesses. Then we would add the Delivery Hive, there are many possibilities.
Currently, together with the colleagues I just mentioned, we are running a radio program with regional reach through an FM dial, and worldwide reach through the web. The program is called "Hive on the Radio" and is given every Saturday from 9am to 12m Venezuela time, in it we show the population what Hive is and the opportunities it offers, we share music made by our talented users, we read some excellent posts, we interview notable Hivers, we make contests to integrate people, among other things. This program seeks to motivate those who are already part of Hive and also to let people know that Hive exists and is a world of opportunities.
To stay on the air we are looking for sponsorship as we have no resources left. We are sure that Hive on the Radio has a very positive reach for our Blockchain, attracting new users, content creators, NFTgame players, artists, investors, developers, among others.
Greetings, it is always a pleasure to read you
Didn't @solymi make @hivebusiness for this purpose? I wonder if it's been updated.
I just saw it, it looks great. This is worth pushing.
Oh yeah that project needs love and time that I do not have but I am open to sharing the account for purposes like that.
I totally agree with this. Hive is definitely the community at heart and as long as a handful of them are running witnesses and people keep showing up it isn't going anywhere. I have been saying for a while of all the crypto assets I hold, the only one that would absolutely devastate me if I lost it all is Hive. I have some decent holdings in other tokens, but it wouldn't hit as hard if it all went poof. I have invested so much time, emotion, and life into Hive. It's amazing.
I'm game.
I've been working on a project to onboard musicians to HIVE. It goes like this:
Once they see they've earned something from their post:
I think we could work discounts into this too.
I totally agree with you, Hive definitely needs more users and maybe it would be a good idea to attract some grocery stores etc. Imagine having such an agreement with Starbucks. That would bring thousands of users to Hive for sure. People could share their experiences with the coffees they drink there, earn Hive there and buy coffee again with Hive. This would be very advantageous for them and they would want to spend more time here. I don't know when it will become a reality, but I would love to see Hive accepted as a payment method in many countries.
I agree with you (see my reply to @captaincryptic)
What @hivesucre has done is shown us that a Hive/HBD economy is possible, even in the bear in some regions of the world. We do have another project to consider now as well: @skatehive and @skatehype.com, according to their community page, is onboarding a skaters community and i incentivizing the use of Hive through offering skateboards for HBD ... they are in Europe, so, HBD for purchases will be making some inroads there if that is successful.
I am planning my fifth book and a newsletter beyond Things Ms. Dee Likes here on Hive, and the way I plan to position the mention of Hive is to learn all the things in crypto with a worldwide community and also get some sweat equity in crypto, before and during the run.
@acidyo -- this is what I was talking about with Skatehype -- the shop is in Palma, Spain, and we can go to it through the link and actually see what is on sale there for HBD and Hive.
The latest post: https://peakd.com/@skatehype.com/we-need-100k-hp-urgently-to-keep-new-users-on-hive-part-3
The shop: https://www.skatehype.com/show/shop
You first talked about the concept of buying a coffee with STEEM like 6 years ago and it kinda stuck with me, one of the imaginations that made me feel like the place had such a bright future. It's still technically true and applicable but... never bore fruit to date, sadly.
Hopefully bringing it up again in a Hive context might trigger something down the line now more fundamentals are in place =D
Nice future oriented thoughts for Hive @acidyo.
I'm confident that things are going to pick up nicely on Hive during this transition to Web 3.0. We have the greatest longstanding social utility in the crypto space, and I think it would be delusional for anyone to suggest otherwise at this point.
Of course there are some longstanding issues and gripes that people have, but with time I'm certain these aspects will work out. The grey areas of abuse that you speak of, I wonder if any of this is regarding the AI advancements for art, music, and text based content generation. I know there's a bit of that stuff on Hive, and I personally find it lacking in value because it's lacking in work and personal creativity.
Community members who are not as active with marketing campaigns can try a little harder (like me) to start participating more in spreading the word, and I am always claiming account tickets and shilling Hive in real life to people with the offer to make them a free account and help them to get started.
We can also add beneficiaries to help both small upcoming communities, as well as established communities and even null some of it, which I did today and am planning to give away 5% of every single post I make from now on, and may change up the bene's from time to time, add new ones, stuff like that :)
Thanks for your hard work and dedication to Hive!
Interesting and informative as ever, I for one, being a complete ludite and technophobe would love to see this happening, as I haven't a clue how to exchange A2B or Y2Z for that matter let alone use an app or even try to convert HBD into paper money.
Being able to make payments from the keychain itself through some form of QR recognition would be awesome! Creating even more utility to Hive 😁
I'd love to see an easy Hive payment option here in the US, but I do see where
I can use https://www.bitrefill.com/ to put crypto on credit cards/gift cards.
A group of investors came to test Hive to create, on their network of shops, a system that accepts hive and its various tokens. However, they noticed the aggressiveness with the lack of tolerance of some members, the impartiality of some big accounts and especially the very bad downvote system. This did not encourage them at all and I think there are many things to improve so that this type of partnership can take place.
Merchants noticed this when all they cared about were feeless payments?
It's unfortunate that we've had these issues on Hive, but hopefully these aspects will soon be worked out for the bright future Hive is going to have. That's why it's good to have @thinkermind's around ;)
I'm kind of tired of this constant fear mongering tbh.
It doesn't sound like fear mongering to me.
It sounds like regurgitation of problems without providing solution.
If someone is rocking a name like thinkermind, they should be able to provide solutions for problems they can identify, in my opinion. The name is too close to mine, he has to live up to this level of awesomeness ;D
Where and when did this happen?
The evaluation of possible investments on hive took place blindly and for 2 years from July 2021 to July 2023. Some of these evaluators are still present on hive and provide semi-annual reports. Why are they still there? (because he really thinks that hive can become very interesting especially if certain conditions are taken into consideration)
To reinforce your point: I recently did some Granger Causality analysis on how Powering Up and Powering Down impacts the price.
Basically, power downs have 0 predictive power when it comes to price, unlike pretty much every other metric I've analyzed. It's the weakest relationship I've analyzed so far. There are some potential outs, it's possible the impact of power downs is so spread out over time that it doesn't show up in this analysis, but realistically if there is 0 statistical evidence that power downs have a meaningful impact on price, people worrying about users powering down their Hive and selling it are probably focussing on the wrong issue. Most likely, the downstream effects of continuing to be active, producing content and contributing to the network effect, and even the fact that their potential curation rewards get redistributed to those users who stay powered up, outweigh or just neutralize the negatives of users powering down.
I'm HODL'n until Hive brothels are a thing. Then I'll be powered down in no time.
Delegate 50k hp for free lapdances!
Damn, the way she be ignoring you though when your upvote don't have enough girth.
Yeah but that QR code tattoo with default 10k HP delegation she's definitely gonna make sure you don't undelegate.
She got a follow-button tramp stamp tattoo with the words "NICE POST" on her knuckles.
Dude what kind of brothels do you go to
The ones I can afford (so none really).
Don't tell me you wouldn't give a girl with "nice post" a dollar or two.
Hive is not well known, but maybe this is an advantage for now.
It sure is :)
If you can afford to stack some HIVE while it's cheap, do it. The use cases for this ecosystem keep multiplying and it'll eventually bring in more and more users, games, businesses. I can't see HIVE's story unfolding any other way.
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What a pride and how nice to read all that is being achieved in my country Venezuela, I hope that this adoption campaign continues to grow, the truth is that the HBD is more stable than the currency of my country. I know that very soon in the city where I live the adoption will expand as it has happened in the state of Sucre thanks to those Hivers who have done so much work and effort.
Let's keep growing every day and may our currency continue to be successful. Greetings my friend @acidyo and thank you... ✨
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I love the idea of being able to use crypto for pretty much anything. It's definitely a great way to spread the word about Hive or any other project by giving it a "real and current value" as in being able to put food on tables.
This is true for HBD but not Hive. Should Hive become more sought after, the amounts given / bought would simply become less. Bitcoin is definitely in use, but there's no need to add a couple billion of them so everyone can own one.
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I think Hive needs a dollar billionaire. Like Elon Musk - Dogecoin. Elon Musk will soon integrate Dogecoin into all his companies, perhaps in a somewhat distant date. Imagine that Hive did all this.
Does the quality increase after the investor arrives or does the investor come after the quality increases?
Hive is a decent enough platform. The only problem is that it has not yet caught the attention of strong investors.
I was thinking something along the lines of what you were saying.
I noticed Hola Supercenter doesn't withdraw the HBD received from their customers yet which is great. Probably 100 HBD or so for them isn't much. But they can use the amount that's accruing in their account more creatively. For example: add it to savings and each month withdraw the interest and organize a lottery for customers who pay with HBD. Or even better, it can be for any of their customers, with whatever target audience they want. The winner gets the interest plus a free (I'm sure this can be arranged) Hive account, if he/she doesn't have one.
As they get more HBD in their wallet and in their savings, this can be extended to multiple winners and it would attract the attention of more customers.
Actually pioneering HBD crypto-adoption in the world from @hivesucre is unprecedented.
This marks a before and after in the Hive blockchain, as we leave the comfort zone and jump from the screens of our computers or phones to real life, to be daily on the street doing our work to generate trust and acceptance of HBD in businesses, it has become a premise.
This has reached a point where the adoption of Hive should be massive and progressive, both economically and in terms of use of its ecosystem, but step by step, creating a solid foundation.
Consumption is currently organic through Hivesucre users, as they have or have created a sense of belonging to give usability to the HBD currency in each of their transactions, this with the purpose and commitment to grow this movement.
It is good to be an example for other projects and that they take the good to carry out this task, which is not easy in any aspect.
I just really dig your attitude and energy. The way you encourage freedom and collaboration both. Honestly - I reckon it's the only way forward now as well.
I keep coming back to Hive because of the heart and open-mindedness around here.
I've worked in sales for many years, btw. And here's the thing. At the end of the day people both buy from you and return to buy from you because they like you. The product is actually secondary.
People are interested in W3 because they are sick of being shackled by mainstream systems. If we are going to bully or penalise people for not doing what we want them to do then same same.
If people want to spend their earnings they will go off and spend their earnings and their friends will ask where they got all those earnings to spend. It's still a win for users to be sucessful and doing this. This is our marketing...
Happy, positive, uplifted, succesful users.
People want that. That's what sells! :) Happiness sells! And you can't rig or jimmy that.
Also <3 and hope you're well over there!