As ive said before i came on to hive/ecency by chance, i was just looking for a sort of in , into the crypto world and voila, came hive and i immediately knew that it was something truly innovative. I had never really seen anything quite like it before but i had thought of something like this existing but i never really knew that it acutally existed and was already functioning so i went exploring and here I am. The idea that a social platform could actually reward people for posting and engaging with others is fascinating. It’s one of those concepts that makes you wonder why more people don’t know about it yet. Personally, I hope that more people eventually discover Hive because it offers a very different way of thinking about social media and online communities.
One of the things Ive come to appreciate most about Hive is how its earning system works. Unlike many traditional platforms where you contribute content but the platform keeps 90% of the benefits, Hive allows users to earn tokens for their participation. For anyone who is curious about cryptocurrency or trying to get into the crypto space, Hive feels like a good place to start. At first, the system can seem complicated, i know because i started on ecency then i left because i just didnt get it and now im back again for good i hope. There are things like voting power, tokens, and rewards that might feel confusing to new users. However, with patience and a bit of guidance from others in the community, it becomes easier to understand. Over time you begin to see how everything fits together, and that’s when it starts to feel rewarding.
Another thing I really like about Hive is the sense of community you can find here. If you spend enough time interacting with people, you begin to recognize familiar names and conversations start to feel more personal. The lack of transaction fees is also a huge advantage. On many other blockchain platforms, even simple actions can cost money because of gas fees, the amount of gas fees you pay might even be more than the amount you are withdrawing, Lol!. This actually happened to me.
I also like the concept behind the Hive token itself. The way the system is built means that your efforts on the platform never really feel completely wasted. Even if the rewards are small at times, your activity and engagement still contribute to your growth within the ecosystem. Of course, the value of the rewards can fluctuate depending on the market. During a bear market, what you earn might be worth less.
That being said, there are a few things about Hive that I don’t like as much. One of them is the concept of downvotes. I well and truly understand why they exist, and I appreciate that they can help prevent spam or low-quality content. However, I sometimes feel that downvotes can discourage people from expressing themselves freely, like on the generic social medias like X and the rest. If someone is worried that their opinion might upset others and lead to downvotes, they might hesitate to post something original or controversial. In that sense, it can feel like it slightly limits the freedom of expression that a blockchain platform is supposed to encourage. Still, I recognize that the system probably needs some form of moderation, so I understand why downvotes are part of the design.
Another downside is that the amount you earn is tied to the price of the Hive token. If the price is high, rewards feel more meaningful. But when the price drops, the same amount of tokens may not feel like much. Sometimes I wish I understood better how the price of Hive could increase, but I’m not very savvy when it comes to the deeper economic side of cryptocurrency.
Overall, though, I still think Hive is a very interesting and promising platform and while it is not perfect it most certainly is one of the best ones out there with this initiative.
Ciao!!
