Of late, I began to wonder what my condition would have been if I hadn’t found blockchain, crypto or Hive as at when I found it. Will I get stuck with depending on my family members for almost everything I need, including personal items? Or will I live in perpetual debt, borrowing from friends, paying back and borrowing again with no clear source of income (except if I attached Family as my source of income)?
Well, obviously I don’t like borrowing except if I am 101% sure that I have the means to payback, and will pay back no matter the circumstances. I don’t like disappointing someone, especially based on financial reasons.
Don’t get me wrong, I don’t mean that this is how I envisage my future to be, No! I am making reference to my present short-term situation.
I joined Hive without knowing that I joined blockchain, and without knowing so much about blockchain. But, later in my journey on Hive, I began to understand more about blockchain and the blockchain related jargons; scalability, decentralization, dApps, blah blah blah...
The more I walked along this path, the more I discovered that the world of Blockchain is so vast that we could get lost in it as if we were in Dr. Strange’s Multiverse of Madness. Yes, it is a “Multiverse of Chains” closely connected and linked in a transparent and automated way. In this Multiverse of Chains, we have digital assets and currencies that rely on the technology that the blockchain has to offer, and this enables fast, secure, transparent and automated transactions. The digital currencies that rely on blockchain technology are called cryptocurrency.
Unlike the Traditional method of banking which is centralized and regulated, Cryptocurrency operates on a decentralized network (blockchain). Put differently, cryptos are not controlled by any centralized authority like the government or financial institutions; every crypto transaction is automated, transparent and encrypted, and can be initiated at any time, from anywhere. Thus, it is permissionless and borderless; having faster and lower transaction fees for international transactions also.
This means that transacting via crypto offers certain benefits above traditional method of banking, albeit the former isn’t bereft of risks.
Likewise, saving in crypto also offers a potential for huge returns owing to its price volatility. Thus, with this, crypto can be taken as a “long-term investment” (of High risk), whereby you purchase the currency when the value is low, and sell off when it is high, leading to a substantial Return on Investment (ROI). However, it is important to do your research before investing in or buying any crypto currency.
A good number of us started off on Hive without investing a dollar at the beginning, rather we invested our content, creativity, time and engagement. Today, many of us have huge portfolios on Hive and in other currencies, and we can go ahead to write a 5,000-word article on our grass to grace story (I wish I experience this also).
This makes Hive a unique blockchain because it does not limit accumulation of coins and tokens to purchasing in the market alone, rather it gives you multiple means of acquiring the Hive coin and other tokens built on Hive second layer. Some of these ways include:
These are some of the ways you can acquire and accumulate Hive coins and the second layer tokens, even without investing $1.
The rapid development on Hive Blockchain inspires and prepares us to save these accumulated Hive coins and the second layer tokens for the future. In fact, the activities in the community will also motivate you to be fully involved, and contribute your own quota towards the progress of the blockchain, and its mass adoption.
If by “save” we mean “to help someone survive” or “to rescue someone” or “to revive something in someone,” then I am sure that almost all of us have a story to tell about How Crypto came to the rescue. While many of these reasons are finance-based, Hive, as a social blockchain, gives us both finance-based reasons and life-motivational reasons. Some of the ways blockchain can “save” us (relying on the aforementioned three explanations of “save”) are:
Let's hear your thoughts?
How has crypto "saved" you?
I may not be your favourite author, but you can journey with me to help me develop my writing skills. I am always open to criticism, correction and learning.
