What is actually a hard asset? Well, according to google:
A hard asset is a tangible or physical item or resource that an individual or company owns. Often, the value of hard assets moves in the opposite direction of the value of soft assets, creating a buffer against losses.
source
But what is a soft asset, then?
Soft assets are those generally differentiated from hard assets such as plant and machinery, vehicles, and commercial property, but which typically have little or no resale value. Soft assets can sometimes include intangible assets as well. This may be a brand, a specific team member's knowledge, or cloud storage
source
These two definitions apply most often to traditional stocks and assets and one could say that Bitcoin and cryptocurrency is somehow of a soft asset, cuz you can't touch it or feel it. It's not phisical.
Some maxis do consider Bitcoin a hard asset and although I haven't bothered much digging into the logic of such affirmation I would call it a hard asset as well and let me explain why.
Bitcoin is intended to be "the new money", a form of e-cash that does not involve any third party interrfering in its internal transactions, utilising a decentralized blockchain for securing the network and all coin trsansfers. It was basically designed to replace fiat money. The traditional cash is actually printed out of thin air and has no actual intrinsic value other than the one that we gave it.
It's long since money, as we know it, has decoupled from the gold standard, thus we can call the bills that we run after so bad as being nothing more than monopoly money. Bitcoin is capped at 21 million coins, no one "owns the network or has ability to mint outside of the protocols laws", it's decentralized and so far the network has never been down.
That imo makes it a "hard asset" or better said, the first authentic form of money humanity has ever had. I say that because never in history, the masses have had the chance to participate in the creation/minting of a form of currency at such a large scale and probably never in history has ever existed a form of cash that's not creatd by governments or any others sort of centralized entities.
Is it HIVE a hard asset?
I don't know, couldn't put a stance on this one, but would like to hear from you if you see it as a hard asset.
Thanks for attention,
Adrian
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I would say Hive is harder than Fiat but less hard than Bitcoin. In my opinion, there is no harder asset than Bitcoin.
Bitcoin will always be Bitcoin.
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I would consider Hive as a hard asset and it's all based on people's views. I think Hive will still be around in a decade and be worth more because it adds so much value.
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True. The community is also great here.
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I would agree with the duality of Bitcoin. Ignoring that cryptocurrencies are disruptive by design and don't fit neatly into the existing pigeonholes of the financial world: I believe that BTC started life as a soft asset, and is becoming harder and harder as time goes on - or to put it another way - as adoption continues. The hardness is linked to its reputation, which continues to grow. Only time can forge it ever harder.
I would not attribute any "hardness" to HIVE. Most altcoins all lack the decentralisation and reputation of Bitcoin, and definitely the brand recognition, all factors which count rather a lot. Remember what happened to HIVE's father STEEM. Look what just happened to Terra. Unless a chain has a bulletproof defence against any form of attack, it should not be considered to be a hard asset. Of all the altcoins I would say Monero is probably the hardest - followed by a couple of trusted old coins like ETH and LTC; but they're nothing like BTC.
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Real life use case and the community is what makes Hive a hard asset imo.
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