#threadstorm 1/🧵 PYUSD by PayPal is getting a lot of attention. This is new to the crypto world so the excitement always reaches a high level before crashing. Nevertheless, this is part of what will likely

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5/ Here we see how the ability to build in a permissionless manner can really have an impact. This is something that we do not see with the Web 2.0 world.

4/ For this reason, the essential monopoly it commands has to be rivaled. In the blockchain world, this likely falls to Hive since most other ones have challenges.

3/ The idea of information being democratized was the foundation of the Internet. Wikipedia started out like this but, like most Web 2.0 platforms, was subject to being hijacked.

2/ Hive offers a solution since it is a decentralized database that operates outside the traditional power structure. This means that the community could easily build something, organically, to rival

#threadstorm 1/ 🧵 According to one of the co-founders, Wikipedia is not a pro-establishment propaganda arm. This is a centralized entity so it is susceptible to getting taken over in this manner.

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5/ Once again, we see the value of Hive, A username cannot be taken away from someone. Hold the keys, and the account is in one's control.

4/ The main idea going forward will be "not your keys, not your account". This is going to be as important as the old idea within crypto.

3/ The problem is this situation when finance is incorporated. The merging is taking place and here is #web3 starting to become a viable alternative.

2/ Elon made news by grabbing the @music account on X. This was set up in 2007 and had more than 500K followers. It could be a huge hit to someone's social media activities.

#threadstorm 1/ 🧵 X is showing how important it is to truly own one's account. This means that Web 3.0 is shaping as an alternative to Web 2.0.

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5/ This law out of Canada will not be the las. Of course, the government sponsored media is not under this.

4/ We have the ability to post text at the base layer in a way that is censorship resistant. The fact that anything on the chain can be accessed through the block explorer is powerful.

3/ This shows how governments are stepping up their control. We know that tyranny is the call of the day. It also shows why a platform such as Hive is essential going forward.

2/ As a result of this move, Google and Facebook both removed Canadians news outlets from their feeds, keeping the info from the Canadian population.

#threadstorm 1/🧵 We have the bill C-18 in Canada that went into law. This is framed as a "link tax" to protect Canadian news services. This is not exactly how things are unfolding.

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