Volatility breeds volatility. An unpredictable value of crypto from day to day implies unpredictable emotions from day to day as well. I see this constantly on crypto-Twitter, but it's also a thing that happens right here on Hive as well to a lesser degree. When the size of the bag is the only thing that matters this problem gets particularly exacerbated.
I can't tell you how many times I've seen the "it's so over" crowd come out of the woodwork as the result of a 5% dip. During a bull market it requires a much bigger dip to get this reaction, more like 30%-50% before the gamblers really start to lose their minds wondering if they should capitulate or double down with leverage (the true answer is usually none-of-the-above).
Where would we be without what we have now? Many like to ignore what they have and focus on what they don't have. Then when they actually get the shiny new thing they forget about that along with everything else and again focus on some other aspect to complain about. This is a toxic mindset rooted in scarcity, and it doesn't do any favors in the long run.
Anyone who's been in crypto long enough knows how easy it can be to forget about some random position or wallet that exists within our possession. This happened to me just the other day, I logged into my Hive wallet and noticed an extra 4000 liquid Hive sitting in my account. Weird, right?!? I legit thought someone had accidentally sent me over $1000 and I might have to send it back, but it turned out the money was indeed actually mine.
I think what must of happened is that I had 4000 worth of Hive sitting on the internal market that I forgot about. The expiration date is about 1 month away from when the order is placed so 4000 Hive popped into my account a month later with very little indication as to where it came from. That's because an order expiring is a virtual_transaction and doesn't require a user signature, so these things can happen without being reported by a frontend like something like peakd.com. Perhaps this is a slight oversight when it comes to our frontends but I'm not complaining.
Surprisingly the LEOfinance proposal has enough votes to get funded when it goes live in 25 days. Or rather it's not surprising that it got funded, as the project has merit, but simply that it's often difficult to get enough support from the good-ol-boys to actually get the 24M votes required to surpass the funding bar. Funny how how few actual dollars 24M Hive is at the moment. Enjoy it while it lasts: stackers.
Obviously one-click onboarding is a super important feature on Hive that needs to exist. It's easy to forgot how needed something like this until you actually try to onboard someone and have to explain a thousand different alien facets of the network that most people outside the network have never experienced nor understand the first time around.
By creating centralized lite accounts controlled by the issuing entity with email/password 2FA, the hurdle to onboarding new users is greatly reduced. Don't forget: centralization is almost always the answer when the stakes are low and volume needs to be high in order to make up for it. Obviously anyone with an account worth a significant amount (something like $100-$1000) should take control of their account directly, and with something like what LEO has setup this is often a pretty painless process that allows new users to continue learning and using the network while figuring out all the new stuff (like 4 different key tiers + RCs) in tandem.
https://peakd.com/me/proposals/265
The ability to connect Hive liquidity to Bitcoin (even through the Lightning Network) is of huge value to our platform. Why? Because Bitcoin has liquidity everywhere and is becoming entrenched within the legacy system (just ask Blackrock). Hive has a bunch of functionality that will ruffle a lot of feathers and step on a lot of toes within the political ecosystem. Just look at every WEB2 social media site. Regulations and demands are constantly clamping down the ability for us to communicate with each other. The chance that Hive does what Bitcoin has already accomplished is basically zero, and that's fine.
This is not a competition. Bitcoin creates a shield for every other project. If Hive has decentralized liquidity with Bitcoin, it gains third-party liquidity within all the BTC pools. In the extremely likely event that Hive eventually makes too much noise and gets slapped down by legacy Goliaths, our only saving grace will end up being our connection to networks like Bitcoin that are already fully entrenched within the system. So yeah, it's important to create as many pathways as possible (even if technically centralized).
There's a lot to look forward to here, but by the time many learn to appreciate such developments they'll be quite late to the party. Bitcoin and Hive are in a damn good position to excel over the next few years. Make sure to casts your votes for witnesses and proposals if it's been a while.
