Yesterday, I engaged in a heated debate with TaskMaster regarding the state of the Hive Blockchain. My stance was that if meme coins with marketing budgets of less than $100,000 can achieve significant reach quickly, then it's apparent that Hive dapps are severely underperforming. Considering the substantial funding and support most Hive Dapps receive, they should be performing better.
However, Taskmaster contends that Hive's growth primarily rests on its users, a viewpoint I vehemently oppose despite recognizing its merits. I doubt that everyday users like ourselves can propel Hive to the next level. Moreover, the Hive community has admirably held this blockchain together despite facing numerous challenges over the years, including opposition from STEEMINC, Justin Sun, and various rogue Dapps and founders.
Having spent considerable time in the web 3 space beyond Hive, I've observed how development and onboarding are managed. It's not left to the whims of average individuals; rather, institutions handle this aspect of project development. While I understand the desire for a decentralized blockchain-driven by community grit, it's evident that this alone can only take Hive so far.
Furthermore, I assert that Dapps are more crucial than the community in blockchain development. Dapps carry out blockchain development, while the community plays a supporting role. Therefore, I ask: How many Dapps have been onboarded on Hive? Who is facilitating deals to attract developers and institutional investment into the chain?
The notion of "not wanting to become another VC chain" is flawed. Hive is structured in a way that allows one entity to take over without paying a premium for it. Thus, funding is necessary to attract developers. Despite having the HDF, how it's being utilized is a discussion for another day. My point remains that we need more Dapps, and based on my observations, this is not occurring. Existing Dapps on the chain are faltering, and I attribute this to the Hive cabal's gatekeeping mentality. Their actions have alienated many, hence the community and developers' apparent indifference.
Looking ahead, Hive should be treated as a new blockchain with the primary objective of attracting developers and the Web 3 community. Numerous marketable aspects of Hive need promotion and the excuse of "We've tried that before" shouldn't deter us. A great idea can be implemented properly, so there's no harm in revisiting it and exploring how we can progress effectively.
A Hive brand can be pushed by BlockTrade Inc., which I believe took over Hive development after Steemit Inc. I believe the company needs to play a more public role. We can have more such companies in the future vying for important roles on the blockchain (this is where I think dapps come into play). Splinterlands are doing well. We have the Speak network doing its thing, so it is not bleak for Hive.
In conclusion, the community can only move in the direction of online development and activity. So the onus is on Hive Dapps and Development Teams to take Hive to the next level in terms of development and onboarding. The very scarce Hive resources should be allocated appropriately to attract more people into the space. The current status quo benefits nobody (even the whales) in the long run.
Visit Mocaverse to register
Invite code:
