With prices going wild and so many unknowns in the crypto world it's important to take a step back and reevaluate things. To me #hive is the single place where we are seeing true #web3 and it's been that way for a while. I've tried many other platforms and while there are some notable ones like Minds and Torum but for the most part these other platforms are either dead with crickets or have too many issues.
Think of Hive, LEO and other layer 2 tokens in terms of units and stop looking at them as price. When you start looking at units you'll notice something especially with Hive. You'll have more resource credits to do more on chain, if the price falls you actully earn MORE hive and you're APR rate increases as you have more hive powered up. All of this starts to compound and build a rather robust crypto portfolio.
Looking at price means one thing, you're most likely looking to cash out and sell. But that's not what Hive or crypto is about. These are alternative currency systems and we have gotten WAY too used to comparing the price of a token to the fiat system. Hive holds A LOT more value than just it's fiat value.
I feel one of the biggest negatives of hive is this idea that the money just comes from no where and because you made a blog post about some project or whatever you expect a payout from the community and to cash it out.
That's honestly a exit point of capital for Hive and other assets with that mentality. It's the main mentality that has been going around for a while on Hive but here's the thing. At the moment Hive only generate revenue through speculative investing. It does not come from ad revenue, sales or any other traditional business means which to be honest I find a bit disappointing.
This is why I'm betting heavier on LEO as it's backed by income generation through ad revenue. It's one of the BIGGEST disconnects the crypto industry has right now. Nearly all tokens are based on speculative prices and generate no income revenue to fuel the value of the token besides investors and hodlers. Outside of that it's the applications that people want to use that provides the demand.
LEO is doing it right in my opinion. Ad revenue has generated some of the largest web2 applications we see today. From Facebook, Instagram, TikTok, Youtube, Twitch and more they all have one thing in common a large amount of the revenue they generate and give to content creators is from ad revenue.
That doesn't mean web3 applications need to take your private information like these web2 systems do it can be more of a general type ad network. Paying to have your post featured, ad revenue from non tracking platforms like a-ads and so on. Another option which has been worked on a little is to have a digital footprint in which information would be gathered about the person but the identity of that person would not be tied to it. This still offers up some targeted marketing for advertisers but it doesn't give away any tracking or data about that person or who they are thus removing privacy concerns which is a big one happening in web2 right now.
So how do you help #hive and #leo grow?
By looking at it as it's own currency. Staking it and understanding the value of hive as a resource credit and that ad revenue does in fact help the value of the token. Don't look at it as a payout for your content at least not yet not until hive or these other layer 2 options like SPK start at least running some ads to really give value to the token.
What are you thoughts on what gives real value to a layer 2 or crypto asset?
