Somewhere along the line, we lost focus on Satoshi Nakamoto's vision over the gift of Bitcoin to us. From Bitcoin came the birth of other blockchains knowing the Bitcoin blockchain is mainly for a monetary transaction use case. So it wasn't long until Ethereum and other blockchains with use cases emerged and as the tech behind blockchain continues to evolve, the possibilities of what can be achieved with blockchains keep expanding.
Asset ownership took on a different form, we now have assets in digital form hosted on blockchains, ranging from NFTs to land, and cryptocurrency. Identity ownership, freedom to interact with blockchains of choice without being censored on decentralized platforms, and money continue to evolve, being, the first DApp on a blockchain.
The monetary side of blockchain has caused some of us to lose focus on what we are to achieve with the technology. For some, it is more about profit-taking, getting in, and getting out with no intent to seek projects with long-term sustainability. It is a shame projects are built mainly for rug pull purposes with high-yield seekers falling victim to scams.
We seek solutions to data exploitation by the big tech companies, we seek solutions against censorship, better forms of money, and the means to bank the unbanked amongst other states of things in the current system due for change for the better. Blockchain technology presents us with the potential to alter things for the better.
The events causing the cryptocurrency market crash this year should be a lesson for us all, the LUNA/UST crash and now Binance, FTX. With UST we witness how poorly UST stablecoin was designed not even Bitcoin reserve could save the day when it came crashing. For Binance/FTX, this is telling us repeatedly not to trust centralized exchanges, the likes of Binance should be used to get in and get out of cryptocurrency and not a wallet to keep funds, it becomes not your crypto when withdrawals get suspended. There is no such thing as suspending withdrawals on Hive, I don't understand why people don't get it, we need to opt for things we have full control over.
With greed and "when moon" being our focus we shall continue to have some suffer the consequences of a market crash, it is ironic how the likes of us on Hive often see the market crash as an opportunity to increase our holdings, others out there are full of panic seeing there holding drop significantly, Hive allows us to earn whether the market is crashing or tokens are heading to the moon. What we have on Hive is a reflection of blockchain bigger than cryptocurrency value.
We owe it to ourselves to make Hive great
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