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RE: Some Thoughts on the Future...

in #hive6 years ago

Let me toss another one out at you @yabapmatt, even though it typically falls on deaf ears, even after almost four years.

Basically, why would someone want to get some HIVE? (and speculation on price appreciation or anything that boils down to "to earn more HIVE tokens" aren't acceptable answers).

We need some solid use cases that utilize what we have here, engages the membership and will draw in new people because the use itself onboards newcomers, not "the lure of crypto" or "the almighty blockchain" or the "chance to make lambo money."

What we need to to EXTEND what is being built on digital goods to physical goods and have an app that's a combination eBay/craigslist peer-to-peer marketplace that actually starts to make good on the original promise of cryptocurrency: to bank the unbanked and offer a means of exchange outside the fiat world.

We all have stuff, buy stuff, trade stuff and collect stuff... but why Hive?

Number one, low transaction cost, fast, large capacity... check.
Number two, sensible user names rather than a long string of meaningless characters.
Number three, global audience. That means global trade.

What I'm suggesting here is get back to basics. We can "fancy up" the value of the Blockchain till we're blue in the face, but why not apply it to one of the oldest human endeavors: Commerce and trade.

What else is cool about it?

THERE is a reason to get your hands on some Hive. We've got loads of anarcho-libertarian types who'd love to stick it to the government and fiat. And they all buy and sell stuff. We've got lots of people who are sick and tired of giving 10% to eBay and 3% to PayPal and... oh... another couple of percent for international currency exchange.

"Yeah, but they are still going to go change their Hive to fiat..."

Think BIG, think LONG TERM... they won't do that if the marketplace HAS THE GOODS they are looking to buy.

Don't think it can be done? It has already been done, although it's a closed system, where Hive would be an open system: Second Life... at one point the internal economy of Second Life reached the equivalent value of US $500 million+... and that was a long time ago.

Sure, it would probably require some serious coding by a number of developers for a long time... but with the world being sort of uncertain, the idea of creating an entire free-standing economy seems ripe for the picking. I think we need to get into some very basic things people do every day... "ordinary" stuff that would give "ordinary" (non-technical, non-blockchain, non-crypto) people a reason to get involved.

It has served eBay and Amazon pretty well... I think eBay's annual transaction value is about US $27Bn and Amazon's about $87Bn. Even if we just built a Hive-based $500 MILLION marketplace, the demand for Hive would be so huge the price would go 10x or more...

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So for this, I'm not clear on what benefits a Hive-based marketplace can offer over ebay/amazon/craigslist, etc. What is the problem you think this would solve for people?

You mention "banking the unbanked", which is a phrase thrown around all the time in regards to cryptocurrency but I'm not sure it's actually happened anywhere in any significant way (please correct me if I'm wrong here).

For your idea to be considered, you need to be very clear on the exact people it would be targeted to and what the problem is that those people have that this would solve, and also how you would plan to realistically get a critical mass of that audience to actually start using the service.

It's very easy to talk about ideas and make them sound amazing and awesome, but it's a completely different thing to make a realistic plan that has a good chance of succeeding in practice.

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Presently fiat is able to be conjured out of thin air by national banks. This negates it's actual value as money fundamentally. Crypto is all presently dependent on banks, through CEXes, which thus makes it subsidiary to fiat, and this deprecates it's actual value as money.

DEXes, and censorship resistance via mesh networks of some form, enable crypto to be money.

Given I do not value either tokens or fiat as money, I am unbanked.

I, and society at large that need money, are the market that can be served by Hive becoming actual robust store of and exchange of value.

Please see my comment below on this post https://peakd.com/hive/@atma.love/re-yabapmatt-2020816t1345848z (in case you haven't seen it)
Namaste
Atma