Hive Is Only Getting More Powerful

in #leofinance2 years ago

What a wild right it was the last few months. The bear is out in full force, causing havoc everywhere it goes.

It is said that disruptive companies excel during recessions. This is where the old way of doing things gets exposed and newer options have an opportunity to excel.

Cryptocurrency is undergoing a major transition right now. We were clearly shown that centralization, even within cryptocurrency, has major flaws. The bear started roaring, causing much to simply fall apart.

That is the old way starting to crumble. We discuss new ideas all the time but, realistically, how many were truly entered.

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Centralization Failed

How often do we discuss the idea of decentralization? It is a topic that we harp upon regularly. For the entire bull run, many on Hive pointed to the fact that resiliency comes from decentralization.

It appears that very few in the industry took heed.

The bear exposed projects such as Celsius, 3AC, and a host of others. All these entities are centralized. Over the last few years, we see tens of billions in Venture Capital money flow into the space.

Of course, we know how they like to structure things.

In the end, centralization was proven, once again, to be vulnerable. Naturally, not all that is centralized has fallen to pieces. Nevertheless, a lot of it is broken.

When we look at the decentralized aspects of the industry, things become a big clearer.

Building On Top Of Resiliency

Relatively speaking, Hive is a very small ecosystem. The blockchain has a rather low market cap yet it keeps chugging along. So far, during the bear, not much broke on Hive.

One could say there was not a lot to go wrong to begin with. There is validity to that claim. The fact that Hive's base coding is rather concentrated is what provides some of the resiliency.

Hive is decentralized to the point where it is not under the control of anyone. Even the largest of token holders are in low single percentages. Couple that with the widespread number of block producers and we see a system that is very powerful. Over time, it seems like a few more people are cluing into this.

Projects that are building on Hive are able to tap into its account management system which is one of the best in the industry. This gives users the knowledge that their accounts cannot be closed. Also, the fear of transaction fees skyrocketing is not really present with this ecosystem. Applications are going to find, after the next update, how they can amass enough credits to have their users operating without issue.

Finally, Hive is proving the ability to scale. This is something that is going to stand out in the next few years. One major problem in this industry is the fact that few chains are able to scale properly. It seems like a lot of flaws are exposed when traffic increases.

All of this offers resiliency.

It Takes A While To Become An Overnight Success

The bear market exposes that which doesn't have "staying power".

We know the world of cryptocurrency was filled with a lot of hype. That was one thing Hive did not receive. Instead, we were like those on the outer edges, just continuing to work in spite of the accolades all the popular people were receiving.

Through it all, we just kept building.

Now it is time to harken back to disruption. We saw the popular projects run up the pole, only to come crashing down. UST/LUNA is a prime example of an epic fail. Many feel that Justin Sun's USDD is just waiting to implode. In the meantime, we have discussions about how to provide value to HBD and $HIVE.

A big part of resiliency comes with time. Throughout the entire ecosystem we see upgrades that help to push things forward a bit. Those projects that are interested in building for the long term keep adding to the offerings.

Basically, Hive becomes a bigger threat the longer it stays around.

Major Disruption Already Occurring

It is easy to miss the impact of what is taking place but we are already in the process of disrupting many industries. Simply looking at social media and finance, two very powerful industries, we see major changes taking place.

While the masses are not truly aware, the basic features offered are major game changers. Imagine having a social media platform whereby your account cannot be taken from you. As stated, this is a built in feature of Hive's account management system.

Rarely do we see established industries collapse overnight. It is usually a process that takes place over a period of years. This is going to be no different.

That said, the benefits of Decentralized Finance (DeFi) are already shining through during the bear market. We are likely to see more entities starting to fall off as the market continues to wreak havoc.

It Is Easier To Kill 500 Pounds Of Bear Than Cockroach

Killing a wild bear is tough. However, that is a lot easier than killing an equal amount, by weight, of cockroaches.

The reason for this is rather simple. If one can muster the power, i.e. a strong enough gun, the bear stands little chance. However, it is impossible to get a target on cockroaches. They are all over the place.

This is what decentralization is. Hive is like the cockroaches, going in all directions. It is really hard to get a line of sight on it. Projects are branching out absent any unification. This is a powerful mechanism.

We are well aware the regulatory wagons are circling. If the bear doesn't get a lot of projects, the politicians and bureaucrats will. Here again, Hive is insulated to a degree.

Many are aware of the upset that the Hive blockchain caused to Hive Blockchain Ltd. The latter is a company with a trademarked name. It did not like that someone else was using a similar name and sought to sue.

Here is the issue: who do you go after?

That is the epitome of decentralization. When there is no point of vulnerability due to the absence of a point person (company), operations are suddenly outside the scope of the established system.

People on Hive are from all over the world. We have infrastructure going in that is housed in many different countries. Users are drawn to what interests them, providing support in that area.

A key feature in all this is patience. There is no debate that Amazon completely disrupted the retail shopping industry. However, it did not happen instantly. There was a long period where the company basically scaled up.

In fact, the idea of the retail apocalypse occurred more than 15 years after Amazon started.

We are dealing with something similar. There is a lot of infrastructure required to disrupt these industries we are going after. That said, it will happen in time. Decentralization is a powerful mechanism, especially when coupled with finance.

Hive is simply progressing along without any major issues. While other chains are trying to figure out how to scale, the potential of Hive just keeps growing. This is going to have great value to developers in the future as they all hunt for bandwidth.

We are in the early stages right now. However, there comes a point when things absolutely go parabolic in terms of the user base. It might still be a few years from now, but we are edging closer to that day.

In the meantime, those on Hive keep building. This is where those who are putting in the effort now will benefit.

As other projects are exposed, Hive simply gets more powerful by default.


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Many are aware of the upset that the Hive blockchain caused to Hive Blockchain Ltd.

They might as well change their name because they can't take us cockroaches down 😃

It is just amazing how the system in place on Hive keeps building on each other, we are getting stronger indeed and I only see Hive's strength increasing in various aspect.

It is the power of a complex organic system. Without centralization, each aspect grows on its own. While the projects themselves are decentralized, the lack of cohesion between them all has them running in different directions.

Like the roaches when the lights are turned on. That said, some of these roaches are going to get rather large.

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Love the cockroach illustration. The atmosphere is certainly crazy right now, but the goodnews is that it only puts out the flaws in the system.

Hive is quite the structure, I'm personally surprised on how well it has performed, and now I can say the future won't be so surprising considering that we're already on track, onto something bigger than our imaginations I'd say.

There is still a lot of building taking place. The core development team is rolling out a fork, likely the end of this month.

We also have a number of projects improving and expanding. A lot of good stuff going on.

Hive will thrive.

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The latter is a company with a trademarked name.

This also makes it quite confusing for new users, hopefully, that gets resolved at some point.

The applications are what is important for users. That is why promoting Hive doesnt make a ton of sense.

Promote Peakd, Splinterlands, Leofinance, or 3Speak. There are games, different front ends, and lot of communities that we can promote.

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Ah, that makes sense. In the same way you don't promote HTTP you promote the applications that leverage HTTP like Yahoo or AOL.

I relate it more to the idea of AWS and Netflix. For years few knew what AWS was but they utilized it each time they watched Netflix.

After all, does anyone really care where Netflix stores it videos as long as it works?

Hive is basically at a back end. People care about what interests them, not where data is stored.

So that is why the targeted marketing of each application/game will net out more results.

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bear so going crazing right now but the hive is still standing strong

Builders keep building.

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The continued awareness generated by recent initiatives in Ghana is making the ecosystem more appealing to many young people. Thank you for your support @taskmaster4450

Thank you for all you are doing in Ghana there to help spread the word about Hive and the impact we can have.

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It's us the community that is keeping Hive alive.
Need to empower more and more users and keep the platform strong.

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Without a doubt we need to keep encouraging people to remain active and keep filling their bags.

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"In fact, the idea of the retail apocalypse occurred more than 15 years after Amazon started."

And it should be noted: it is an idea coming from a centralized entity that became powerful.

We have tried to promote many of the ideas expressed in his writings within the Hispanic community.

It has been difficult because the nature of people is to see the tree, not the forest.

Meanwhile, we wanted to continue building in this wonderful world.

Wait...just wait and grow.

Tomorrow will prove us right and those of us who trust in this vision will be rewarded.

Regards

People do not tend to gravitate towards change and new things naturally.

We have to keep just moving forward, one step at a time.

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Decentralization is a powerful mechanism, especially when coupled with finance.

Which even the Hive blockchain does not have, to be honest.

Ask yourself. What is happening? As I see, a few whales can control the reward distribution. They can downvote anyone's post to $0. Even a single whale can downvote a post of a minnow to zero. And many of the small account focus on the trending section, which is usually full of whales. They fight for their attention in the hope that they get an upvote from a bigger account. The end result is that a few people earn dozens (or even hundreds) of dollars with a single post, while most people earn cents (or rarely a few dollars) with their posts. Many people's posts do not even reach the payout treshold ($0.02). Most of them do not even try to work together. They focus on getting the attention of the whales.

Is this real and true decentralization? I highly doubt it. Everything is centralized aroud the whales. And this is true for every stake based system.

Most of them do not even try to work together.

Isnt this the epitome of decentralization, each person doing their own thing?

And why do smaller accounts not have more? Isn't $HIVE on sale right now? Are you telling me that none of the smaller accounts have money to make themselves larger?

Here is where taking advantage of opportunities comes in. Few people are willing to do it.

When I joined, I was buying between $.80 and $1.30. I even bought a batch at around $2.

How many are doing that to grow their influence?

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Love your daily pump 😉

Very good points. It's great to see posts like this from time to time. It kind of reminds me why I keep showing up every day and doing what I do. Very motivational. In the midst of the Bear market it can be easy to focus on that and forget about everything the future holds for us who are building our accounts on here.

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If there wasnt the "mark-to-market" that crypto offers, people would focus upon projects.

But since they can follow the pricing, that is what they focus upon.

Why people believe that something which is evidently insane is worth listening to is beyond me yet people do.

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That's the absolute beauty with decentralization, there's no single point to target! It's an arduous task in trying to find the source. What you discover instead is a complex and intricate network.

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No there isnt. I have thought long and hard about Hive and still do not see where the vulnerability is from the outside.

It is simply spread out. The only think I can thing of is the hosting companies that have the nodes. Are those spread out enough?

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Probably not. Whilst they're not spread out enough, some of these companies are established giants so attacking them will be no piece of cake.

That is the epitome of decentralization. When there is no point of vulnerability due to the absence of a point person (company), operations are suddenly outside the scope of the established system.

That was the idea from the beginning, this is why I consider making crypto a payments currency is much more important than every damn ETF in the world.

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The problem with cryptocurrency as a payment system is the volatility. That is why stablecoins as so important. The idea is to remove the volatility.

That said, having financial products around crypto is vital. The next step we have to take is to allow people to buy the financial products using crypto.

Here is where we take another step forward.

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I love your enthusiasm, man.

!PIMP


You must be killin' it out here!
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I like this information. Its so practic

#Hive has been very stable in this Bear market, so it is to be trusted that the bases on which we support ourselves allow us to think of a very well-protected future

I dont know if I would call it stable. We did go from $3.60 to 38 cents or something.

That is a huge drop albeit was a pump up to the $3.60.

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I say stable since I am not taking the ATH as a starting point, that was in November, I am talking about a few months ago and it has remained between $0.40 and $0.50 cents in that period of time

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Our Hive Power Delegations to the June PUM Winners
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Good read, good momentum for everyone onboard.
Hive is just minding its business the way it should be.
I would love for Hive to remain right in the middle building and bringing abundance to us all that believe in decentralization and be your own boss.

!BEER

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It makes me wonder if choosing a different name other than Hive would have made the blockchain more successful. Then again, the Hive company can't do anything about the chain. It's not like they will be able to stop us.

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Hive has something that many blockchains doesn't have - a very rich biosphere and the support of numerous community.
!HBIT
!LUV


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yes there is doubt , hive is busy in improving, developing, and many project has been failed like luna ,, hive is one of the strong community and future is bright, we are still young, future is for hive

!BEER Thanks for the bear/cockroach metaphor. It is perfect. As a libertarian, I always want to be the cockroach-small and fast. Always targeted but seldom hit.


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