I would agree with that. We are seeing backed being created. Blockchain will be akin to the new cloud.

5/ So while everyone is looking at bitcoin as money, this article looks at bitcoin as a monetary system. Here is where the title says it all. Bitcoin simply fails as a real world monetary system.

4/ This creates a problem for Lightning which is dependent upon the open and closing of channels to move BTC around. When fees are high, small node operators get wiped out, their profitability goes away.

3/ The debate is now about whether they should process high versus low quality transactions. This is because the network is having an issue handling all the ordinals. Even when it does, the tx fees go

2/ Blockchains are digital ledgers. This is one components. They are also networks. This is the second. How does bitcoin hold up on this? We know that it is slow and outdated. Taproot promised to help

#threadstorm 1/🧵 The discussion around bitcoin is regarding money. What is overlooked is the fact of whether it is a viable monetary system or not. Simple analysis shows that bitcoin fails as a monetary

5/ The democratization of money means that all can accumulate assets which lead to credit, another important component to money. This allows for borrowing, another move that increase economic productivity.

4/ The greatest value to hive is the distribution system. Asset accumulation is tough for most of the world. That means swapping something of value for Bitcoin is not possible. What is, however, is engaging

3/ More money is needed to facilitate trade. As that is created, trade can increase. Money allows us to trade with strangers. Going global has sent trade on an exponential curve. The internet just put

2/ Hive is leading the way with its social media aspect. Money is tied to trade, i.e. economic output. With social media transactions being monetized, this alters the amount of money that is needed. Money

#threadstorm 1/🧵 Money evolves over time. It is a social construct. For this reason, we have to look at it as a technology that grows as humans change society. Blockchain is going to have enormous impact

Money is extremely complex. It is also a social construct. This is also why we see so much developed. It evolves, something most overlook. Blockchain is changing a lot of things.

HBD is tied to HIVE. The peg is ultimate on the conversion. As long as the haircut ratio is in place and not met, HBD can be swapped for $1 worth of HIVE. Market can move up and down but HBD's supply is

To me, the lack of smart contracts really holds Hive back. That will be resolved to a certainly degree by the end of the year. We have a lot of infrastructure to build. This is a marathon and not a sprint.

Well I am not sure we are gaining any traction on Web 2.0. That said, we have to keep pushing forward.

That is my sentiment. We have to keep pushing things ahead.

We are already offering what they are trying to build. Plus, we are at the point of improving many things.

We are leading the way. Hive is only accelerating its lead in terms of features being offered.