Great read! I haven’t participated in trading chats because I’m not sure if I have the time or energy to keep up with them. I prefer getting insights here on Hive, where I can absorb information at my own pace. 😄
You made an excellent point about managing one’s assets. There was a time when many users complained about the stake lock-in period being too long. In the early days, it took around two years to unstake, which has now been significantly reduced. Yet, some still claim it deters investors from staking. Personally, I doubt that. I don’t think those advocating for an even shorter unstaking period are the ones genuinely focused on long-term investments. Hive is designed for investors with a mindset that sets it apart from other crypto projects.
Managing Hive’s three tokens—HIVE, HBD, and HP—might seem overwhelming for new users, but once they understand the system, they’ll truly appreciate its advantages.
I’m excited to see how HBD evolves next year. With the development of the VSC Network and projects like Distriator/SPend HBD, I imagine more people will recognize its potential.
Thank you, it’s nice to know that someone actually read it😀. I spent a lot of time in chats between 2019 and 2022, but now I only follow one chat on Telegram. I rarely write, but it’s an interesting indicator.
I didn’t know about the 2-year period that existed at some point, but in any case, removing it was the right decision—it would have ruined the project. As for the 13 weeks, that’s not a timeframe that could really hinder anything or scare anyone off—except maybe fools.
Umm, the complexity of the ecosystem isn’t in the three tokens but in the fact that the information isn’t readily available. For example, I only recently began to understand the importance of the anti-spam system, the work Hivewatchers do, and the value of tools like downvotes. Without downvotes, there would be no way to impact spammers, and the ecosystem would be overrun by them. Just now, I was scrolling through the feed of new posts, and roughly 50% is pure spam. Without downvotes, it would be closer to 99%. To understand how everything works, you need both the willingness to search for information and a lot of time.
The last sentence in your comment is completely new to me—what projects are you referring to?
VSC Network is currently being developed right now, funded by DHF. It aims to bridge EVM chains to Hive and one of the services is swapping other coins to Hive v.v.; it will use staked HBD as the basis of the Resource Credit for VSC network but I'm not sure if there will be additional incentive to that other than the 15% APR provided by Hive blockchain.
https://vsc.eco/
The other one, SpendHBD has been around for months now and it aims to facilitate circular economy by onboarding merchants to the platform and encourage them to accept HBD as payments for their products or services. This is what I'm excited about because it this becomes adopted by producers, merchants, shops, and consumers then we can have a strong use-case for HBD.
https://hive.blog/trending/spendhbd
A few years ago, there was a group of Hive users that forked the chain and get rid of the downvote feature. They still exist today and there is an active community posting. Although the token’s value is low there are still active users posting.
There was a time when their platform was bombarded by spammers and I believe they fixed it by preventing the spam accounts from posting or commenting.
https://blurt.blog/
Oh, I see now—they introduced transaction fees in the native token on Blurt to prevent spam.
That's just one of the things they've done to mitigate spam.
I heard some Users are not even able to comment or make post.
Oh, well, that’s unfortunate. In my opinion, it’s better to receive downvotes. Essentially, it’s the same Facebook, just wrapped in a different package.
Exactly.
I’ve come across articles about purchases made with HBD (didn’t dig into it), which is probably the SpendHBD program or its reporting part. As for the VSC Network, I understand it’s a bridge and smart contracts—cool stuff.
And about Blurt—well, if they can arbitrarily ban people from publishing content just because they consider them undesirable, then how is it any different from Facebook? Here, you can be downvoted, but no one can stop you from publishing. I don’t understand the logic behind such freedom of speech. Of course, maybe I misunderstood something.
Your comment is upvoted by Topcomment
You can support the Topcomment initiative by delegating HP
| 10 HP | 25 HP | 50 HP | 100 HP | 250 HP | 500 HP | 1000 HP |