In the early days of Bitcoin history when it is less than $100 apiece, if you were convinced of the Bitcoin idea and had gone in to buy and mine a truckload, and held them till today, the bear market we see these days is nothing.
Indeed, the idea is to get in early in revolutionary and disruptive technology. Price will take care of itself.
Hive today is like the early day's Bitcoin
Just how early are we in Hive?
Seeing LeoFinance having only 13,393 subscribers is an indication that we are early.
I mean, how can the number be so low? We have people everywhere in the world investing in crypto and we only have 13K subscribers in LeoFinance?
If LeoFinance was a YouTube channel featuring lions trading meats, we would have easily exceeded 13K subscribers.
LeoFinance as the place crypto enthusiasts come to for all things crypto, will be the townhall of global crypto chatters in time to come.
As a platform where one can earn crypto while reading and writing about crypto organically, nothing else quite beats it. However, I think LeoFinance and the community can do more to encourage communities of other blockchain projects to take root here, so that we are not just mostly about Hive.
Hive is great, and there are two things about Hive that made it unique, in my opinion.
The first is its strong community-owned and decentralized nature that allows it to have a life of its own without VCs. Somewhat like Bitcoin, except that it's based on abundance ideology rather than scarcity. As more people find Hive and its projects useful, users will technically get more value from participating in Hive. And this is likely going to be perpetual, and self-reinforcing. Keeping the VCs at bay and relying on community support will also facilitate that growth.
The second great thing about Hive is the Resource Credit system, which made the feeless transaction in Hive possible. This is unique, and this alone disrupts the narrative of most other L1s. Psychologically, for mass adoption of crypto as a means of transacting in daily life, users must not feel like there is a need to pay gas fees to use the blockchain. The Ethereum gas fee hike and associated reduced usability is a reminder. The Resource Credit system in Hive has an advantage in this regard.
Of course, I do have many unanswered questions about Hive, such as:
- What is the rich-list situation in Hive like right now?
- Do we see a healthy rotation of DPOS validators that signals decentralisation?
- Why aren't more people using Hive? Is it too complicated for new onboarders?
Nonetheless, it is great that not all the problems are solved yet. It means we are early in Hive.
Last thing... writing and curating posts are akin to mining, just that we do it with ideas and mental effort.
If “move-to-earn”, which requires me to move my body mass over distance can gain traction, why can't 'think/socialise/write-to-earn" succeed?
P/S: This is not financial advice, please do your own due diligence before investing.