It seems the further things advance, the more we realize how far ahead of the curve Hive is.
We are seeing people catching up to the idea that Social Media is merging with Finance. This means we are entering an era whereby people will have completely different opportunities as compared to the past.
To his credit), one thing Elon Musk is doing is monetizing X for the users. Unfortunately, from what I could gather, it is only a select few who are able to participate. This is similar to YouTube which has only the smallest number of users who are pulling in any decent Income.
However, this brings up another point. Notice the word "income" was used. For some, this is what they get. Money coming in which can be used to pay some bills.
While that opens some doors, is that really the path to Wealth? Is it going to change the financial fortunes of many?
The answer is no. Here is where Hive enters with an expanded solution.
Equity: The Key To It All
To change the fortunes of most, ownership is required. This is a basic concept. Those who own nothing simply are not going to get ahead. Of course, there are a few exception who make such as outrageous salary that nothing stands in their way. That said, we have seen athletes receive contracts in the millions of dollars only to end up completely broke.
In the world of Cryptocurrency, we use the term stake. This means we are dealing with ownership. This is something that Elon Musk is not offering. He along with his investors are the owners of X. Any financial gains there go to them.
Google is a publicly traded company. Anyone is free to Buy it on the Market, including those who are earning from YouTube. Nevertheless, being a paid Content Creator in YouTube does not give one stake in the platform.
This is not the case with Hive.
Anyone who is rewarded on Hive has stake in the system. The payouts are either in Hive Power or 50/50 with HBD. Either way, some of the rewards provide the Web3 equivalent of equity. It is from this perspective that we are dealing with something similar to stock. Of course, there are not the same rights as shareholders get, including a claim on the assets. However, from a mental viewpoint, we can frame it this way.
The Dilemma
Here is where a dilemma arises for people.
Most are not accustomed to thinking in these terms). The fact that so many approach Hive with the idea of scalping a few rewards shows the mindset. Instead of thinking like an owner, they come like an Employee.
Pay me for my efforts so I can get some money.
Certainly, income is important and we all have bills. However, that is not where the opportunity is. Why are you even on Hive if this is all you are seeking. After all, if you have enough of a following on X, Elon will pay you.
Here we see the short-vs-long term crop up. Most focus upon the short to the exclusion of the longer time periods.
Stake is a long game attitude. Meeting the immediate financial needs is important yet, over time, it is crucial that everyone own something. Having nothing is the goal for everyone from the likes of Klaus Schwab. This ought to tell you have misguided this concept is.
We need to immediately shift our thinking to that of owners. This means we are here to do what we can to increase the value of our stake.
Of course, this is something novel. If we own stock in the aforementioned Google, there is little we can do for the value of the company. We can use the products but the proportional impact is miniscule.
On Hive, we are in a totally different element. When people get active, it does have an impact. There are a lo tof projects whereby the efforts of a single person can make the difference. Over time, one of them might be the one that breaks through and puts Hive on the map.
Let's be honest, an Application or game that is able to attract 10K users on Hive is a big deal.
Employees look at the situation and think about what they are getting out of it. Owners approach and ask "what can I do to help". That is where the difference comes in. The latter knows that by offering assistance wherever it is needed, the likelihood of the entire operation being worth more increases. This means a greater value on the stake.
How often do we see this on Hive? We are conditioned to simply look at everything as the immediate Gain paid that we overlook where the Golden Goose is.
Again, Klaus Schwab and the WEF assert that, by 2030, you will own nothing and be happy. Ironic, this is a path that most of the global population has walked, at least the owning nothing. How happy they are is certainly up for debate.
This guy knows full well that providing just an income is nothing. It pays the immediate bills and that is all. It is ownership where the real game is played.
Web3 is a dilemma because it can offer this. Naturally, most are still approaching it with the same old mindset. Those who are accustomed to owning assets take a different approach yet they are few in number (as a percentage of the whole).
The Ownership Mindset
This is the most basic change that is required for Web3 to take off. If there are 1 million people involved with a platform, carrying with them this viewpoint, we will certainly see that explode. Consider the ability of 1 million people taking action, doing what is necessary to move things forward, while being able to have an impact on the progress.
That is what Web3 is about. It is also why we have not seen things take off. The talk on traditional social media about one's favorite Coin is not Web3. That is akin to promoting Home Depot stock on X. It might make fascinating conversation but it is just that. There is no action involved.
Where can I help?
That is a question that strong owners ask. It shows the mindset of someone looking at growing the value of the enterprise. Of course, it is not for altruistic reasons since the stake has financial rewards tied to it.
Do we see a lot of this in cryptocurrency? At this point, we see more shilling of projects as compared to those seeing to actually build value.
It is also why I believe many things are stalled.