4/ Hive offers the social media aspect that can be viewed as society. It is also fragmented into communities. This is all part of the evolution in that direction.

3/ The answer is we will be doing both. Right now, we have pockets forming where people are coming to Hive and starting to talk about it in the real world. This could be the foundation.

2/ Should be have the digital world expand and then those people get together in a geographic region? Or do we have those in a physical area start to band together around Hive?

#threadstorm 1/🧵 Is the network-state something that is possible? We have the foundations starting to form in different pockets around the world. Before looking at that, it is important to look at the

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5/ Burn all the tokens in a dead project and you are left with one worth zero. In this article I discuss why token caps are a bad idea and what is the missing caveat.

4/ It is also why most projects fail. We saw a ton during the ICO days which touted their strong tokenomics and they promoted the number of burns. Yet, where are they now?

3/ Rarely is there consideration to what would make an asset like this go up in price. Leave bulls and bear aside, what causes a company's stock to move? This is what gets overlooked in cryptocurrency.

2/ When we look at inflation rates, that is usually the end of the conversation. We see people talk about burns which will decrease the circulating supply. Of course, this is done with the intention of

#threadstorm 1/🧵 People in cryptocurrency seem to think that a capped token or coin is a good idea. This stems from the inflation bad, deflation good mantra that many carry.

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5/ It makes Hive into more of a Amazon Web Services, the database that is driving apps and websites. This is utility that can be very powerful.

4/ This is an easy business to build on Hive. Anyone can put together a database, it only requires enough resource credits. Couple this with a website (or built it into another) and you will see how powerful

3/ This does pale in comparison to social media but we have to keep in mind the later is two way communication. Reference sites tend to be read only. However, they still generate a lot of clicks, something

2/ We take a look at that site along with other reference sites. The king of this is Wikipedia. The number of pageviews generated each month is incredible. We also have smaller sites that get tens of millions.

#threadstorm 1/🧵 We discussed the idea of IMDB and other review site being built on Hive. There is a reason why the transparency and decentralization is needed. However, there is another reason: pageviews.

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5/ Banks are not trying to get into the social media game but Musk is after finance. This is the major difference. Much of blockchain is like banks, not social media.

4/ This is a major advantage for Hive. While it is still lacking the smart contract ability, that is being developed on layer 2. Now we have a greater conception of the race that is on.

3/ Hive is a bit different in that it is a social media platform first. This is a big difference as compared to the others which focused on finance. One of the key issues is tx fees, this is incompatible