It has been a while since I swapped my favorite Web 2.0 bookmarks with Leo and Hive pages. This place started feeling like home in a matter of weeks but that is not the only change that comes with Hive and Leo. After seeing what changes it brought into my life I couldn't escape the feeling that it will soon change millions of lives for many different reasons that I will discuss below.
Ownership Is a Big Deal
Looking back at the time when Facebook, 9Gag, and Reddit were the main sources of information and entertainment for the online community you have to wonder why people never saw that their downfall is imminent.
I remember sitting down with a few close friends discussing how all of these platforms could provide even better content and information if only they wanted to compensate their main contributors - the users. One idea that emerged from that conversation was to create a 9gag-like website where almost all ad-revene would go to the creators and shitposters but the legal headache behind this was just too big to even consider.
Jump 10 years into the future and that idea already exists thanks to Hive. Artists and content creators have been rewarded on this platform long before NFTs became a mainstream subject. Not only do they receive compensation for their work but they also become owners of the platform itself in the process.
For me personally, Hive has changed so many things. I had a hard time figuring out how to turn my crypto knowledge into income without being forced to work for projects I don't even believe in just to make ends meet. With Hive and Leo I am free to write about anything I want and if the community finds this information valuable I can be 100% sure that I will be rewarded for my work. This has been true for so many of us here but this perspective also undermines the true potential of Hive which goes way beyond a simple blogging platform.
Keep Your Community Organized and Informed With Hive
I already explained how DAO funds can benefit from Hive so I will not be going into detail for this one but I will give just a few examples that illustrate my point.
@farmingtales is one of the most popular games on Wax and they have decided to point their community towards Hive. With many different contests, they have generated a lot of buzz by engaging their own audience along with the already existing community of Hive. Why build a community from the ground up when you can tap into an existing one as long as you have something of value to offer?
The Gods Unchained community also found Hive very useful lately. Posting their gameplay guides, card analysis, and different strategies are rewarded handsomely on Hive while doing that same thing in the GU subreddit will give you some shiny orange arrows that you can use as bragging rights I guess.
It is still maybe too early to judge but my personal feeling is that your community becomes self-organized as soon as you incentivize their contributions. With Hive this comes with no added cost to the project itself since the base layer rewards every contribution that adds value.
Hive As a Competitor To Instagram
Yeah, I know. That is one hell of a statement but it will all make sense when development on Hive hits a tipping point. I was pleasantly surprised to discover @liketu yesterday. Yet another Hive frontend that is catering to those that enjoy sharing photos in all shapes and sizes.
I am definitely not saying that Liketu will bring Instagram to its knees but simply pointing out the possibilities of Hive. Thanks to the base layer rewards front-end creators can develop independent platforms that work on Hive but some users won't even notice this. They should not care what is the underlying blockchain as long as it provides value to them personally and gives them complete ownership over their digital goods.
If you like taking selfies, sharing your photography skills, or simply want to show your cat to the world, you don't have to sacrifice all of your personal data to do so. With Hive you can stay anonymous if you want and still get rewarded for your contributions as long as the community agrees that they are worth rewarding.
Skillshare On The Blokchain
Skillshare is probably the most popular online platform for learning new skills and expanding your knowledge in a certain area. Monthly memberships cost about $35 with one portion of that payment going to the creators and the rest is captured by the platform itself as revenue.
With the right front-end solution, we can have all of this on Hive completely free for those seeking knowledge. Instead of sharing your skills on a centralized platform, you can share them in textual and video form on Hive and @3speak which would bring you at least two streams of income.
My personal take on this subject is that knowledge shouldn't come with a price tag. Those that want to make their life better by learning new skills rarely have spare cash on the side to invest in such ventures. If we are trying to educate people globally we can't overlook the fact that most of the people on this planet are earning less than what they need to survive. How can we expect them to have $35 per month just to learn a skill that MAY get them out of this bad situation?
Frictionless Blockchain Gaming
GameFi is a hot topic in 2022 as millions are slowly learning that they can earn from playing games. Axie Infinity is probably the hottest subject of them all but as soon as you realize that jumping into it will cost some insane ETH fees on top of the game investment you start to see why blockchain gaming can not tolerate transaction fees.
So far Wax and ImmutableX have entered this space as serious contenders but we simply can't overlook the numbers Splinterlands is bringing in.
Even with all the buzz around Axie, Splinterlands is bringing in double the number of players on a blockchain everyone seems to be ignored on purpose. It is now clear that free transactions should be mandatory for blockchain gaming but there is only a handful of blockchains that solve this problem. Choosing Wax or ImmutableX over Hive may be the way to go for some publishers but those that recognize the value of an active and dedicated community will stay in front of the crowd.
Niche Communities Can Thrive on Hive
There are a lot of niche communities on the web that would have a lot more engagement if their work was compensated somehow. Experts on specific subjects such as science, technology, and even medicine can find like-minded people on many different platforms. Subreddits, online forums and Facebook groups seem to be the most popular options for these discussions but most of the time contributions will be low-quality due to the lack of rewards.
Turning these groups and subreddits into Hive tribes or simple communities would give everyone a chance to contribute and get rewarded. Answering questions and explaining unknown concepts to those that show interest in your niche can be rewarding for all participants, while this same interaction on online forums relies on the goodwill of one or both parties. If you don't incentivize experts to share their knowledge they may refrain from doing so because they need to spend time on work that brings actual income.
You can use LeoFinance as an example here. A niche community that is slowly creating a whole economy built on top of it. I highly doubt such a community and project would have seen success on any other blockchain except Hive.
Etsy On The Blockchain
This one may still be a feature that is yet to come but it's not that hard to see how Hive can allow you to create an online store on the blockchain. If HBD stays stable and proves that it can represent the value of 1 USD at all times Hive could offer a frictionless environment perfectly tailored for the next iteration of e-commerce.
Again, you will be tapping into an already existing community that can be turned into customers as long as you have something of value to offer.
Power To The User
Some potential use cases for Hive are more than obvious but others will need clever front-end solutions to be implemented. If you stop viewing Hive as a simple blockchain and instead see it as a tool that can be molded and shaped to benefit business owners, as well as their consumers, possibilities start opening up like never before.
The ones I mentioned above are just the tip of the iceberg. Web 3 is yet to show its full potential to the world and I am more than convinced that Hive will be on the forefront of it.
The internet needs a decentralized Trust Pilot-like page, it needs knowledge repositories that reward contributors based on the value they provide and the new Amazon of Web 3 has to be owned by the users, not the next Bezos.
Hive may have started out as a blogging platform but in time people will see that this is far from the full potential that comes with a feeless blockchain owned by the users, not VC funds. There are many problems left to be solved and many markets Hive could tap into. The only factor is time.
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Great points and for sure Hive is a serious player on the Web 3.0 revolution.
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Thanks. I would say that it is the most important player in the Web 3.0 revolution but I'll have to wait and see if I was right about it I guess. The market will always have the final say.
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Hive is going to lead the charge. The foundation is being put in place. We simply need to keep pushing things forward in every direction.
As this article spells out, we can go many ways at one time, all leading to success.
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I was there on WAX when Alien Worlds exploded and I can say that they kind of made it unbearable for people. The CPU cost increased a lot and a lot of were people were left to the sidelines. Splinterlands handled this much better and the costs of RCs may of gone up but no where as bad as WAX. I just see HIVE as one of the best choices for people to set up shop in the gaming industry.
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With RCs, as long as someone has over 100 HP, they will never have a RC issue.
That is something you dont see on other chains.
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I keep forgetting this for some reason.
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Token price is a big weakness for many Hive competitors. In the long run, it should be much cheaper to get started on Hive than on Wax because the CPU costs should keep going up constantly, if I understood the inner workings correctly.
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Yea I think CPU costs will continue to go up because of all the projects going live there. They obviously did not consider how to scale things when things got bigger. The alien worlds days were a mess when you see your CPU utilization at like 200%.
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As WAX keeps growing this will be a subject to explore a bit deeper. I refuse to think that they didn't have scaling in mind but our personal experience says otherwise.
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Damn good write up on why Hive is one of the best Web3 solutions. Also thank you for taking me back to middle/high school with the 9gag reference. That was my life. Memebase, 9gag, and icanhascheezburger. so many memories.
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At least you know what those are. I am so old, they are beyond me.
If MySpace was mentioned, then I could follow along.
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haha, the glory days of MySpace were definitely interesting and cringey
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Amazingly still hanging around with like 40 million users.
Talk about staying power.
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What! I thought it was completely dead. Incredible.
It is like the Energizer bunny, just keeps on going.
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Cheers mate.
Have a RWJ to hit you in dem feels even more.
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daaaaaaaaamn
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Thanks for mentioning us, we are happy that we are starting to notice our work on the Hive community, we try our best to try to direct people to hive, in the end our goal was to get the game out on hive, then to various shortcomings we have developed everything on WAX, however if you like you can also post in the community to participate in the contest you mentioned!
Thanks for your efforts and contribution. Would have loved to see FT on Hive but better luck next time.
Also thanks for the idea, I just included farmingtales in the tags.
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Yes yes we noticed it thanks to the tag in fact! Unfortunately to participate in the contest you have to post in the Farming Tales community, we assure them of the quality posts of the votes and of course the possibility of winning NFT and token CBIT/SEST
for free!
Makes perfect sense. No worries.
I'll consider making an entry specifically for the FT commnunity.
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Welcome to Hive. Glad to see your project engaging the community on this platform. It can help to strengthen your community as they interact with each other.
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Yes yes, our goal is to get as many people as possible to hive, in our discord we have different channels for subscribing to the platform, if you want you can go and see it yourself, but this is thanks to all the guys of the @discovery-it team who are doing a great job on both WAX and HIVE, I @zottone444 just take care of the HIVE part of sharing with the account. I think hive would love to play farming tales! Who knows what then becomes a huge boost like with splinterlands!
!PGM
100 PGM token to send 0.1 PGM three times per day
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day
Discord
We are all looking for the next Splinterlands.
Amazing how that became the standard.
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True, now splinterlands gives a nice and big hand to the blokchain, unfortunately it is difficult to get users to come on hive when you have to do everything manually, while splinterlands did it automatically by creating the accounts when someone signed up for the game, luckily though the guys from splinterlands delegated HP to all users so as to let them enter without too many problems on the hive blokchain and start posting! Surely our project is very fresh and on another blokchain, however we will do everything to make HIVE grow which is our home! For the moment we have managed to get almost 100 users to register, now we will also push a lot on HIVE tutorials so as to avoid users from adding in spaminator or other, let them live 100% the hive experience and making them understand that it is the future!
Yes Hive is difficult to embrace early on.
It is great that you were able to pull 100 people over. Feed some of them through Leofinance might help them along. There is a lot of information on there.
A suggestion is to perhaps get them involved in @leomarkettalk. That is a place each day where they can come and ask questions.
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!PGM
100 PGM token to send 0.1 PGM three times per day
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day
Discord
Really like what you put out about keeping the community organized with Hive. I joined Hive primarily for the Gods Unchained community and have been really happy at how things are going within - quality posts are put out regularly and discussions are being made. Compare that to the Gods Unchained subreddit, which is honestly just a bunch of people asking questions that could be answered with 1 Discord message or Google search. Even though I've only been on Hive for a month, I really see its potential in how it can grow moving forward with regards to incentivizing content creation in niche communities. Cheers!
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Welcome to Hive @kephler. Glad you could make if over here.
The level of interaction that is starting to arise on Hive is rapidly becoming second to none. The other social media sites have a ton more activity simply because the users are much larger. However, with Hive, we see comments that can go into hundreds of words. That is rare on YouTube or Facebook.
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Thanks! Yeah, I feel the same way; IMO it's a bit like Medium - long-form social media, which I enjoy much more compared to the limitations of most web2 social media out there. 😄
Hey! I resemble that remark! :-)
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You can't really appreciate Hive until you make a transition from something similar like Reddit.
Everything is more organized and makes sense for a chance. I'm also sick of the questions that can be answered with one Google search but you will rarely find those here.
Welcome aboard and good luck with your Hive journey. It can be a life-changing experience for sure.
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Communities are one thing that makes hive a very comfortable place for everyone.
Ranging from blogging to gaming and I'm just finding out about liketu. That's really awesome to hear.
I can't wait to check out the community and see how things goes. Web 3 is really going to take the world to the next level.
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New use-cases are slowly starting to emerge. Communities are only the beginning. 2022 is going to change a lot of things on Hive, we just need to give it time.
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I agree with you, time is of essence especially in the crypto space. We keep on building for now
I have a feeling the HAF is going to make things a lot easier for developers and we will see development explode once that gets fully going.
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I saw @liketu before but thought they put the project on hold. I am not sure of the status since I have not seen a follow up.
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We're alive and kicking.
That's good to hear.
Will check out the community and see what's popping, insta-hive will be huge.
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Looking forward to what comes out from the project.
I think it has huge potential. Bring out a token and Proof of Brain the application. That way the community can reward what they like as they see fit.
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So are you implying that Hive is not something that should be rewarded? Because I spent millions buying hive to do just that.
Liketu leverages Proof Of Brain with Hive. I see no reason to do the same thing with a different token. I am a Hive evangelist and I'm interested first and foremost on seeing it's value appreciate.
Hive to me is about inclusively, equitable opportunity and compounding network effects. I think by purchasing and staking a large-ish number of coins, I am showing my intent to work with the community on building upon those community consensual values.
I also think the value of "Hive" is the accounts and ability to notarize activity on chain. The financial aspects of it are interesting but not the only things which matter.
All communities have gatekeepers, the difference is on Hive, there is a shared and proportionate cost or benefit to its stake holders, of which I am now a significant one.
If we're not engaged in keeping that gate wide open, and as welcoming as can be, then we might as well be guarding a wall.
Appreciate the ideas.
You have the potential with your app to have some of the biggest impact in the shift on Hive. The idea of a photo app along the lines of what you are constructing could be monumental.
Be sure to protect that.
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I understand what you are saying and agree with everything you wrote here. However, there are some who are not favorable to short form content. That is something that has arisen in the past. I cant say it will happen again but it has turned many off from Hive.
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Need to pay more attention to those alpha leaks.
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First time I'm hearing about by the project.
I'm sure this is a great addition to the hive ecosystem.
We get to have insta-earn which is going to be very cool when more people get know about the project.
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Sensational write up about Hive and the potential it holds. I think one of the most overlooked features right now might be HBD. We can do a lot with that going forward.
This article shows how much we have to offer. It also alerts us to how much work needs to be done.
Considering you looked at a lot of different projects in the crypto-sphere, this article carries some weight with me since you have a lot to compare it to.
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Thanks chief! It was your idea that prompted me to write this one and there was indeed a lot more to add but I had to stop somewhere.
You would not believe the rabbit holes I had to jump into during my work in the industry for the past 3 years. Anything that can be considered as competition either has no community or no leadership smart enough to bring a working product to market.
After working with dozens of crypto projects, including some names that are now considered big it didn't take much to realize that all of their community engagement is built on paid shilling and botting.
When it comes to Hive competitors there is absolutely nothing worth mentioning out there. In terms of blockchains, Wax seems interesting but it has its own problems. After all, it is more complementary to Hive than it is a competitor imo.
In terms of platforms, everyone is still struggling to figure out how to handle fees and spam...
The latest shitshow attempt is gm.xyz or Twitter on Ethereum. Their anti-spam mechanics are community rules and "please don't spam" appeals.
Don't wanna jinx it but the competition seems to have very slim chances from where I'm standing.
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When someone went down all the rabbit holes, it carries some weight.
I am glad you decided to join Hive and Leofinance. You are right. The community is only getting stronger on Hive. We have a nice engagement going in this article right here.
It shows the potential that exists here.
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Fantastic writeup of the potential of Hive! I could have kept reading for another 20 minutes if you would have kept writing. :-) It's awesome to hear about all of these different projects going on rather under the radar.
While most of the "hype" (for lack of a better word) has been on airdrops for 3Spk and Ragnarok, as well as what's going on with PolyCub and ProjectBlank, there's been an entire sub-culture developing right under our noses in many different directions. It makes me even more excited about the future of HIVE.
Slow, slow, slow, fast. At some point, that's what's going to happen here. It's only a matter of when and what the spark is that lights the rocket.
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Thanks. Really appreciate the feedback.
There are things going on in the background that may trump even our most hyped developments. Hive is an open book and the first one to realize its potential will reap the rewards.
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Time and developers.
I do often wonder if there's a more efficient way to fund projects via the Hive DAO than what we currently have.
The money is there, it just needs to get into the right hands.
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From my understanding Hive will become compatible with many OG programming languages like Java in 2022. Maybe we won't even need development funds if people keep finding value on Hive and keep building on their own.
The more Dapps get deployed the more Hive gets locked up for RC and the cycle continues without you even noticing what is going on in the background.
That Liketu project I mentioned locked up $700k worth of Hive and most of us had no idea that this was going on.
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Being in Hive gives you opportunities to many possibilities, and as you said it makes us truly free from greedy entrepreneurs.
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Once you dedicate your time in Hive ecosystem. It must really pay you.
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IMO the key to future of HIVE is @spknetwork with it's infrastructure and IPFS storage. Immutable data that you own and will not disappear if you don't pay your monthly fee to a cloud provider. Nobody can wipe your community, post, photos, video.
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I hope it to be at least a little like what we think it can be. A good and nice UI, easy to understand and good explanation plus good rewards and that can be a game changer, for Hive and also Video platforms ! And that would really be insane !
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!discovery farm
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How's Hive a competitor to Instagram. Does Instagram offer a token in return.
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Nice write up, hitting a lot of the great points about HIVE!
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jo I agree. What I would like to see is some community-funded contests for devs.
The community wants something, devs can build it and get rewarded. Without the complex DAO thing ( because it's difficult to get funded).
Like someone trustworthy offers something and community can decide we want it or not.
Like a second layer DAO :P
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That's true that having a project and communicating about it on Hive is bringing so much more traffic to both the project and hive !
!PIZZA
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