Last week I read a post about Hive, about the good things, the bad things and about where we are today. I don't think I have to explicitly spell it out for you where we are, it should be obvious. A good part of the users are still dreaming of new all time highs and imagining $HIVE shooting to $10 or better to $20. Yes, I get it, hope dies last, but after so many years, if you have half a brain, you know we have to do something if we want a future for the chain and that something is not just talking.
Even though my time to spend on Hive is limited and it's going to be even more limited in the upcoming future, I've been thinking of what I can do to help. I'm not a dev, not a witness either, can't build anything (on Hive), so what I thought I could do is help promote Hive on X, if anyone is interested.
Today I dusted down my old X account that is linked to Hive and though I'd post a chart as we have a nice swing failure pattern on the h4 time frame. I meant it as a test, or a post to break the ice. Then I thought let's check what I find if I click the token's ticker, which is $HIVE and that's where I got confirmation of what we've always known.
I could go on like this till next week, but I suppose you get the idea.
The good thing is, for some reason X is displaying our token's chart on top, but maybe for me and others might get a different outcome.
X is listing my post on top, but let's not get drunk with cold water. It is because that's what the algo does, not because it has the highest traffic. (After 3 hours my post got 36 views and I bet 99% by mistake as people were looking for a different $HIVE token.)
It's really sad and frustrating to see we have no identity, so to speak, or we're sharing the name of the token with other projects.
A few years ago, we had a huge spike to the upside in a very short time. When I say huge, I mean really huge as someone bought a bunch of $HIVE, worth 283 $BTC (or was it 238?), by mistake. They wanted to invest in another $HIVE token and mistakenly bought our $HIVE. Needless to say the whole quantity was dumped right away and price went back to the same level the spike started at.
Today I had to scroll through the posts on X and read each one carefully to see if it is about our token, or another and most were not about our token. This is not only time consuming, but frustrating as well as it is like trying to find a needle in a haystack but what is more painful is that this is only going to get worse.
@demotruk had a proposal of rebranding, which was good to generate some discussions, but failed to get funded. This means problem solved for those who would be doing the rebranding, no headache, no funds spent (or wasted), but the problem of visibility is still there, unsolved and it is working against us as sure as hell it is not helping us.
Would a rebranding make $HIVE blow off the roof? Nope, it won't as without fixing what is broken, would only be like repainting a car while the engine is in a 1000 pieces, so more is needed here.
After more than eight years on the chain, I've seen and experienced quite a lot and would be really stupid to think $BTC going to $150k or whatever level people think it's going to hit, will drag $HIVE to $10 or whatever delusional number people think the toke is going to reach.
The question is, what's the plan? What are we going to do to get the platform out of this shite?
Demotruk's post attracted a lot of comments, accusations were flying, people got blamed left and right. Yes, we had a bunch of funds allocated to really stupid projects, some people filled their pockets and so on. We can go through those again, continue accusing people, but that won't solve the problem, unless those funds spent stupidly are repaid and put to good use, which is never going to happen.
So the question is, what are we going to do?
If you're a newbie, you may want to check out these guides:
- Communities Explained - Newbie Guide
- Cross Posting And Reposting Explained, Using PeakD
- Hive Is Not For Me
- How To Pump Your Reputation Fast - Newbie Guide
- Tips And Tricks & Useful Hive Tools For Newbies
- More Useful Tools On Hive - Newbie Guide
- Community List And Why It Is Important To Post In The Right Community
- Witnesses And Proposals Explained - Newbie Guide
- To Stake, Or Not To Stake - Newbie Guide
- Tags And Tagging - Newbie Guide
- Newbie Expectations And Reality
- About Dust Vote And Hive Reward Pool, by libertycrypto27
Rebranding Hive into something else would not solve the problem of invisibility of our token, sure it would avoid confusion with the other Hive but still our token is not listed on any exchange in USA. Yes you can perform acrobatics and go via DEXes but this prevents 99% of people in the largest financial market in the world from having access to it.
BTW with the current state of AI you don't need to be a developer to build stuff for Hive, here is my article where you can build a Hive application in less than 5 minutes by talking to AI: https://ecency.com/@seattlea/getting-started-with-agentic-ai-e9a0b82cb1936
The problem is not confusion, it's discoverability. The name "Hive" is in an extremely overcrowded namespace. While other problems would not be resolved by a rebrand, this one would, and it's a massive one.
Our hands are basically tied at this point unless those higher up decide they want to do something about it. I have a feeling many of them are ghost accounts though.
First thing to do is upvote the return proposal. Second thing to do is launch and get approved a DHF proposal that burn daily the % of inflation asignated to DHF. Third, promote projects that include a native Hive burning mechanism.
Did you know the Hive Raffle?
Tickets cost 1 HIVE, 80% of ticket sales go for the prizes, 5% to secure the pool of the next edition and 15% is burned.
Log in, deposit Hive and buy your ticket 👇🏽
https://terminal.okinoko.io/#lottery/11
#bbh
Wow Erikah! So much to think about and reflect on. It’s not just the necessary name change, but also a shift in everything the brand represents—and even the people involved. I’m holding onto hope; if there’s a new opportunity for Hive, or whatever it ends up being called—we need to focus on trustworthy people. I’d like to think that the people sticking around during this crisis are loyal, though I’ve learned not to trust anyone. For now, I’m humbly helping out with curation, but I hope to be part of a brighter future for us once we truly lift this project up as a team... Hugs! ✌️
It is actually not a matter of brain, maybe of realism ? People lack of logic and so realism is also lacking. People believe in miracles....miracle cures, miracle happening. The realistic person just process the reality how it is. In stats we can't never secure something as 100% or 0%. Thats why we are happy with numbers that are close to 100 or 0, but they never reach those. So I can say that there is still a chance to get Hive to 10 or 20$...but the chances are low and probably somewhere between 0 and 1%. These numbers can change depending of what happens, but right now that is the reality.
My account on X got banned as a bot, which is really frustrating because I ceased to post Hive links because they were shadowbanned getting like 2 or 3 likes with 70 views. While trolling or commenting gave houndreds thousands of views, but with little conversion into Hive. So I have decided it's pointless - I should focus more on Hive side
Oddly enough I've known about the Hive stock since it came out years ago but now with the attention that AI and Bitcoin has been getting, HIVE (the stock) has been getting more eyes than Hive crypto. If anything this is just another route for people to discover the Hive blockchain but I agree that the brand and identity is a bit confusing for new investors.
To make things even worse there are several Hive tokens out there in crypto which have been launched on different chains.
The technology needs new innovation and another Splinterlands moment where a major Dapp utilizes Hive blockchain and onboards new users in large numbers.