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RE: How Much Is A Hive Account Worth?

in LeoFinance3 years ago

Yes, Hive accounts most definitely have value.

With their most basic function being that they afford the holder censorship-resistance, this is extremely valuable.

But taking it a step further, certain Hive accounts are more valuable than others.

As edicted puts it, Hive accounts are essentially NFTs.

While every NFT offers censorship-resistance, each of these individual NFTs (Hive accounts) has other properties that are uniquely theirs.

Properties such as cool usernames are one, but you also have to consider intangibles like reputation.

Are you more likely to listen to an account who has a strong standing within the community or a total n00b?

While right now we compare writers who have been here since 2017 to writers who just signed up, consider what will happens when the Chinese Government gets onto Hive?

Yes their account will afford them the same censorship-resistance as everyone else, but they certainly won't have the same reputation within the community and people will find it hard to trust what they say.

See how this intangible adds another layer of value to Hive accounts?

Something you certainly can't say about accounts on 99% of other blockchains.

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That is true. Reputation on Web 3.0 is going to be completely different. Those who are doing things will garner the reputation based upon those actions. Regardless of how it is quantified, people will know who are the movers and shakers.

It is a bit hard to break into since time is required. There will be no shortcuts.

Yet those who put in the effort will become their own unique digital characters.

Who knows we all might have avatars in 10 years.

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