I have tried multiple times to answer this question, but something weird is happening with the quello.io interface. Hopefully it will work this time.
Hive is a currency and a commodity. It has value as a utility and it also has value as a currency. As a utility, when staked (powered up) it gives the user influence in 2 ways;
- Influence over post visibility
- influence over post payout (from inflation)
As a currency, it holds a value because of the trust that people put in it, and for that, the blockchain is essential. The blockchain database is an unchangable record of all transactions. It is run by the Hive network which is decentralized. It is also attractive as a currency because it allows fast feeless transfers using common names as the wallet address. This makes it extremely easy for anybody to buy and sell on hive.
Thanks for this @moeknows, Hive really has similarities to real money, the more you have it the more "power" you have.
Hi @moeknows,
What was the issue you were seeing related to creating an answer on Quello?
Done some testing a couldn't replicate anything obvious.
Thanks 👍
It's hard to explain, but it does something weird with the keyboard. I couldn't select text that I had written. It also wouldn't let me access the clipboard. Like if I clicked out and went to the url box, everything worked fine. It also wouldn't do simple things like capitalizing the 1st letter of a sentence. Weird.
Thank you, I will do some testing surrounding this 👍
Thank you, and thanks for developing on the hive blockchain.