Noun
We'll just ignore that fourth noun definition...
Verb
Thanks Wiktionary!
That's what hive means to me, along with referring to a shiny new social blockchain forked from Steem to undermine a hostile takeover and undo the ninja mine in the last week or so. Maybe one day there will be a fifth noun definition on the Wiktionary page. Though considering the weak coverage of Steem on it's Wikipedia page I'm not holding my breath.
Alright I'm going to more seriously answer now that I've got that impulse out of the way. I won't be linking to Twitter though since I have no account there and probably will go to my (untimely COVID-19 induced?) grave without one. I also won't be using the 'posh' tag since I don't really know what it's all about and I don't really want mindless extra upvotes regardless of the financial benefit. It's no wonder I'm poor. I also don't really like the concept of being posh.
There is the fact that in some sense we've undermined one of our fellow stakeholders of their significant stake. Not so much in that it doesn't exist, since we've really copied everything, but if we migrate and take the value with us it's effectively worthless. While I support and respect the reasons for doing this there's a tiny itch in the back of my mind that says it sets a precedent that something similar could happen to any of us. I don't imagine that is likely to happen however. A successful hard fork is quite an undertaking, something not to be taken lightly. We didn't take it lightly in this case, and honestly it seems to me that it has done more to unite us than divide us. But what do I know?
To illustrate the possible inappropriateness of something like this let's look to Bitcoin. What happened to Steem would be analogous to forking Bitcoin simply to remove or redistribute the Satoshi coins. There is huge opposition in the Bitcoin community to doing things like that, and for good reason. Bitcoin is meant as peer to peer cash, an immutable public ledger of balances and transactions. Anything that undermines that, like modifying it to destroy Satoshi's stake, would lay waste to it's value proposition and decimate confidence in it's underlying utility. Even just changing the rules slightly, like in Bitcoin Cash or Bitcoin Gold, has done a number on the resulting network's value compared to the blockchain from which they were born. Of course Steem is not Bitcoin, and it's not like Satoshi Nakamoto is wielding that stake at all let alone to lord over the network. Value on Steem is not only as a payments system but also as a social medium, so the expectations are significantly different. There are reasonable arguments why such action is more appropriate in that setting and it's a lot more grey than the situation in Bitcoin. Still I get the inkling that there's some non negligible likelihood Hive might not retain the higher dollar price it currently enjoys over Steem. The day is still young, so to speak. Maybe I'm just overdoing the fear, uncertainty, and doubt.
I'd also like to see Hive become a platform for various open source distributed apps and for the dissemination of factual journalism that would otherwise be censored
It seems to me that the platform has a native way of funding anything at all in a more organic way and that is via our reward pool. I do think there are tough issues with important things like development competing with (and likely out-competing) the various valuable miscellany that get posted every day. That's already stake weighted anyway however so I might be somewhat standing on my head to advocate using our reward pool over a DAO fund. I wouldn't consider myself particularly well informed in this arena, but it doesn't seem to me that there are any easy answers.
To me Hive means community. It's our opportunity to do what we couldn't or wouldn't on the old network. It's a risk as well, but one rarely finds a worthwhile opportunity without risk. Hive, like Steem, means global discourse between people who otherwise would have no contact. I think that's valuable, even if not in a monetary sense, and can work to better us all.
See you around the hive!