"Figure out the thing that is going to eat the world, if you're right, own it, hold it and wait." - Michael Saylor.
All web 2 sites, big and small, are staring in the face of a giant black hole, ready to devour them whole.
Apple, Facebook, Amazon, and Google ate the world.
"Everything physical in our lives is dematerializing onto a software network.
Apple ended up dematerializing all of your mobile devices.
Google ended up dematerializing every library and every piece of video.
Facebook ended up dematerializing our social relationships.
Amazon ended up dematerializing the storefront." - Michael Saylor.
My prediction is, most of the centralized online sites we see today can be dematerilaized by decentralized protocols. We do not need a CEO to run a social media platform any longer; these can be community-owned and run and profit shared; this is proven.
Centralized web 2 sites will migrate to decentralized technology. I believe they will not have a choice. Decentralized technology is more secure than a centralized database controlled by one entity. Web 2 sites that refuse to adopt decentralized technology will not be using industries best standard practices, and if they are hacked, and embracing this new decentralized tech could have prevented the hack, they are liable and can/will be sued.
As we see the grand chase, the fleeing of "melting ice cubes" to a decentralized, secure, capped, immutable asset, Bitcoin. We will start to see the "herd" of web 2 sites fleeing over to web 3 technology. We have started seeing signs of this with Verison backing up text data to the Ethereum blockchain. Verison is a step ahead of the curve and understand where the ball is headed regulatory wise, and web 2 sites that do not adapt quick enough will simply be crushed due to regulatory pressures. We see the same with Reddit getting into the game using Ethereum.
Trustless is the new standard. In a trustless world, centralized sites force you to trust them is a broken business model.
We see attempts at "decentralization" by large web 2 sites trying to create their own blockchains.
- Telegram to pay back investors 1.2bil after failed ICO.
- Facebook libra has been relentlessly attacked and had to back down from their original plans.
- Kik was sued and neutered by the SEC.
And the list goes on...
The idea of a centralized, publically traded company decentralizing and doing anything to devalue company stock is walking on thin ice with both investors and the SEC; that is why this whole web 2 needs a reboot.
Facebook will not do what Hive has done (hand over power to the community), nor will Twitter, Google, and the rest of the FANG stocks. Each world of web 2, and there are more than a handful, will be entirely devoured by web 3, some sooner than later. If your business or site can be run by a protocol inside of a DAO, your days are numbered.
"Facebook created a software network to pull all the social energy on the planet." - Michael Saylor.
The first to fall will be the social media platforms of web 2. Facebook, Twitter, and the like have been under heavy scrutiny, even threats of repealing section 230, which would easily be the end of those platforms as we know it. And I do believe it will be repealed, and Youtube will turn into KYC celebtube.
I like to invest in technology that reinvents laws, not ones that bend to fit inside existing, archaic law framework. Bitcoin does not care what you label it, and regulators caught on to this quickly. Their realized banning it would not work and would only hurt their country's chances of innovation in the future. Some countries adopted it, and once that happened, the cat was out of the bag.
The same for Hive. Hive does not care about what you label it; we are dynamic, non KYC, permissionless access to a world of infinite possibilities. We are scaled to handle the challenge.
Hive is a world eater's eater. It eats that which eats worlds. Bitcoin is the experiment with PoW and Store of Value. Hive is the experiment of on-chain governance and Store of Content. It's the decentralized backbone any centralized site can plug into to offer it's users an immutable cyber account that stores all of your content, forever. No one can take your account, nor can they banish your community.
We turned gatekeepers into open and fair playing fields, where everyone is a gatekeeper competing for the world's attention in the free market. Youtube, Facebook, Twitter become communities, competing vs. other communities. And the communities that don't offer cross-compatibility to the larger network effect will be left to be forgotten on their lonely islands.
Plugging Hive into your site is injecting the power of Web 3 directly into your users' hands.
What makes me bullish on Hive is the fact it should have died a long time ago. It should have been killed during the 80% ninja mine and 100% short-lived inflation. It should have died when Dan L. left. It should have died when it went from the #3 market cap to sub #100 market cap. It should have died with the mismanagement and ulterior motives of Ned. It should have died when ninja sold to the worst possible person it could have been sold to, Justin Sun. It should have died when the network was Sybil attacked and taken over by exchanges using users' funds against them. It should have died when Justin Sun used the ninja mine stake to steal over 60 users' funds. It should have been killed in the womb as Hive with no exchange listings but Blocktrades. It should have died when the Hive blockchain was going to sue. It should have died a million different ways. Yet here we are. Still here, still kicking and still doing what other blockchains raise billions to do, have a strong layer zero.
There is no other coin outside of a very few that would have survived what Hive went through, and those coins are not sub 100 in market cap; they are top 20 in market cap, and even most of those would have fallen by the wayside.
What should have died in the bear has little to no chance to die during the bull. Hive has always been very uncorrelated, doing its own thing. One thing Hive has remained consistent on is not dying. This community refuses to give up. And that's what consistency in pursuing excellence looks like. We are living breathing consistency, and we march forward regardless of what gets in our way. You try and stop us, and we become healthier, wiser, and more hungry.
While we're still sub 100 billion market cap, I see a future where Hive can get to a place where it is a secure asset in the eyes of highly regarded investors. We have a long road yet to go. I don't know where we will be 10 years from now. But I know where we won't be, and that's the graveyard.
We are way under this. We are also sub $100 million market cap. 😁
Seriously, what you state is true. One of the biggest advantages Bitcoin had throughout the years was its staying power. It just kept producing blocks no matter what was taking place.
Hive is going through a similar situation. The community just keeps plugging along.
Personally, I think with a few of the projects that I am aware of, 3Speak being one of them, 2021 will be Hive's year. There is a lot in the works that is going to really blow some people away.
By mid year, Hive will likely be a completely different place.
100 billion is the magic number in the eyes of the big time investors like Michael Saylor look at it as a "point of no return" moment. Until we achieve 100 billion MC, we will have to fight and claw for every inch. However, one lucky break, and you'll hear about how Hive was an "overnight" success. Which we all know took much longer than a night, but that's what happens when the consistent pursuit of excellence meets opportunity; it erupts like a volcano.
Exponential growth chart summed up. Fight and claw until we reach the elbow and watch things explode.
A few decent breakthroughs and Hive will be off and running.
This entire paragraph is pure gold, you know how to motive Hivers for sure, and I agree 100% with it, the strongness of Hive or Steem back in the day has been always the social capital that this community has, and that's not something to overlook, there is talented, clever and even visionary people here, and I tend to believe that these persons will find out the way not only to make Hive survive but to be able to spread it to the world.
Hive can be the social revolution that this world needs, only if the 10% of the Facebook, Twitter or any other social media users realize that exists something like this blockchain, the same goes for many Ethereum users that pay abusive gas fees for playing any game there. We've an inmense market waiting to know us.
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The arrogance of luddite legislators infuriates me. We are on the bleeding edge of tech, and they demand authority over us because they fear our freedom. Blockchains and cryptocurrencies are the future, and governments need to recognize their impotence and get out of our way. They won't, though.
"All web 2 sites, big and small, are staring in the face of a giant black hole, ready to devour them whole."
They won't even know what happened.
Michael Saylor started buying bitcoin massively once the world gave him a reason to, as in M2 money supply.
I believe the same is true for any decentralized application, especially social media. People will only care about it once they need it. Actually, there was already "decentralized social media" far before Steem: https://joinmastodon.org.
But people aren't really using it and why should they? The far majority is still happy with what web2 gives them. And web3 isn't just rainbows. It's still freaking difficult to safely & securely use web3 apps unless you opt for more centralization, which brings us back to web2 again. And even if i.e. Twitter wanted to get into web3 (which they want to, based on their research project - forgot the name), they couldn't. The technology isn't ready yet. It's too slow, too clunky, too difficult. But I'm glad we're working on that with Hive.
So in my opinion, the apps shouldn't be just divided into web2 and web3 (as in: you're either web3 or you're not). It's a colour scale, not just black and white. And Hive is a great asset for any application to get easily & cost-effectively a big step into the web3 corner.
Mastodon does not offer anywhere close to the user experience Hive does. When we have tokenized communities, we will provide content creators with ways to monetize and make more money than they can anywhere else. I lose count of how many times I have said; people don't care about immutability simply because they don't understand it. People understand money, and if they can make more money here than anywhere else, they will stay. Immubaility is how we KEEP them, meaning, one day, they won't lose everything. It's giving them something they want, attached to something they need.
We are moving to a trustless world. Today, of course, it's hard to see a world without web 2. Just like it's hard to see Bitcoin sucking up the entire world's wealth and becoming the base treasury reserve asset. Michael Saylor said, even if we were not printing like we are, hell, even if we enter Quad 4, he is still bullish Bitcoin. Once it clicked with him, he realized, no matter the economic conditions, when you zoom out 30 years, what do you want to hold? Do you want to have stock and trust a CEO for 30 years? Real estate will be taxed away in 30 years. Bonds don't pay enough. When you zoom out, he says Bitcoin is the only thing that made sense for him, and he says despite the current conditions, he wishes he had found Bitcoin earlier.
So it's not so much the conditions that forced him into this; the conditions forced him to research more, and once it clicked, it clicked regardless; he wants to store his life force in Bitcoin.
I feel the same way about Hive. These web 2 giants are liabilities to everyone, the users, governments, everyone. They are regularly attacked on all fronts, sued by everyone, and this will only escalate as the world becomes more polarized. If a human controls the code, there will be bais, and at this point, all trust has been removed; it's not if we move to a decentralized web 3 protocol; it's when.
I see it quite simple, if it can be dematerialized, it will. Centralized CEOs offer no benefit to the users in the age of DAOs and trustless tech. The billions Mark and Jack make can be funneled into a DAO and used to grow the ecosystem in the way the communities want. You don't have to believe that vision and think 20 years from now; web two will still exist; I think it will not, at least not how we see it today. Businesses that sell and produce physical goods are safe for the time being. However, sites that are just protocols, like Facebook, will be eaten alive by web3.
20 years is a long, long time. Until we can safely say that web3 is ready for mainstream, we should leverage both web2 and web3 technologies in harmony to combine speed and decentralization.
Steps in the right direction are always good, and everything is a balance between web2 and web3, even on hive.
Michael Saylor's mentality, despite being a previous and ardent critic of Bitcoin is something special. I think we need to keep striving for improvement in terms of marketing and functions, while showcasing the earning opportunities to that resides here to both investors and content creators alike because this will inevitably add value to the community.
"It should have died a million different ways. Yet here we are. Still here, still kicking and still doing what other blockchains raise billions to do, have a strong layer zero." My bro Dan beautiful words of wisdom and truth. We are in the top 5 communities in the crypto space.
Agreed. We are a feisty clever bunch. We just don’t know how to quit.
This is exactly what turned me from a content creator into an investor. There were at least 4 times where I said "this is it..." and somehow the community pulled together to overcome. When we split and it looked like the exchanges were going to start listing us despite having no CEO and being a tiny blip in the market, I said "this community can do anything" and went all in. I seriously don't know of any other projects who could have survived what we did, so if anyone complains about the price, I just laugh. Just wait until we have half the user base of Steem at it's peak. We are going to rocket and development and community diversity and strength is going to grow exponentially.
Michael Saylor has an amazing set of mental models. In several interviews he talks about a 100 year time horizon. What will Hive look like in 100 years? And do we have zealots who will stick around to safeguard the network that long?
I will teach my son the ways of the Hive witness.
They have my vote.
If we are here...
You just have to support us...
Hive not dying is evidence and a true testament of its decentralization. In the time I’ve been on Hive I also looked in on projects like Sola and Narrative, which are all dead now because they were centralized endeavors which couldn’t weather the storm. No one can pull the plug on Hive simply because the next round of venture capital didn’t materialize. Hive is in the wild, autonomous, and growing beyond its creators’ control!
Whatever happened with that threat from Hive Blockchain Technologies Limited? Did they simply realize that there was no address for their lawyers to mail a cease and desist letter to?
pretty much. akin to trying to sue Bitcoin.
When you think that art and motivation cannot go hand in hand in every written paragraph, you come across this publication and wonder ...
Is it worth being here? Is it worth investing my time here? Is it worth walking thousands and thousands of kilometers to get somewhere? It's really worth it?
I say: Yes and a thousand times yes, I believe that the captain of this ship left his uniform from the first day and joined all the Sailors who as the days went by took the position not of captain but of inhabitants of the Hive to give it life and not let it die.
I deeply believe that each of us dreams that this will last more than 50 years and that the younger generations have the pleasure and the great opportunity to belong to the world of the hive.
Your words motivate me and fill me with emotion.
Peace 😎✌️🚀.
I'm encouraged by the fact that a person of your stature can 'only' pull 17htu, time was when this post would have gotten hundreds from those same votes.
It would have pushed thousands of newbs off the long tail.
As it is, only a few hundred got dropped.
That is improvement.
Now if we could get the top ~60 stake holders to let go of their control in an effort to attract more newbs, we might finally get this odd stinc out of the air.
Is it more important for the controlling stakeholders to eat their own dog food, or to attract more eaters with the bait?
Amen.
That's really all I have to add. Beautiful, well articulated. I am here till the end. I believe in this platform and the revolution that needs to be taken on the web 2 platforms. Web 2 will be seen as the dark ages in the future. Decentralization is our only way forward. It's that small tribe of artists and visionaries who are here now. But one day -- the mainstream will be here too. And all I have to say is...
I am so glad I was here first :)
Indeed, very motivational and true picture. We are at lows, but we struggle to develop our selves in the ways to make us stronger and struggler. So much we have faced through and come out. Every thick and Thin has make us even stronger. Projects like 3speak, LEO, splinterlands and many more making the way for others to follow. We will make it definitely, It may take time, but it's worth spending and seeing it survive and revive.
Let's see where we head in 2021 itself. Our present will decide our future (where we will be in 10 years) and we should let the world know about us by using some niche marketing.
Marketing will be a big focus in 2021/22 for me.
I look forward to the days when Hive will be on everyone's lips but until then we've got to keep building and getting better.
Posted Using LeoFinance Beta
I hope people get to know these and see that hive is the best for them, for us. We are trying our possible best at twitter with the tag #hivefixesThis so people would get to know what they are really missing without coming to hive
Dan a bit of topic here ... sorry
Have you considered voting the return proposal .... some proposals that are getting funded or close to it are making a lot of hivers unhapy
Perhaps you should avert your eyes elsewhere mate. Don't get yourself in trouba now.
Please! they might get mad. I'm not sure if you're built for that sort of beef.
Get happy otherwise you're a hater... Don't fuck up the cash flow, just wait your turn.
Which ones are not liked? Feel free to DM me. And to put a note on this, I am in favor of weighted voting and downvotes or proposals. If I voted on the return proposal it would be above some projects I feel should be funded, so it puts voters in an odd position.
Can you drop me a discord handle ... can't find you
Thanks!
Yes! Love the not dying part. Antifragility is the game to play.
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STOPDo not miss the last post from @hivebuzz:
Not dying ... accomplishment enough in times like these, accomplishment enough upon which to thrive in brighter days to come!
Hello @theycallmedan… I have chosen your post about “-World Eaters.-” for my daily initiative to re-blog and comment…
Let's keep working and supporting each other to grow at Hive!...
That's actually a powerful quote.