You are viewing a single comment's thread from:

RE: Platforms, Network Effects, And What Hive Is Missing

in LeoFinance10 months ago

For me, at its current state, it is a social blockchain. The way to get Hive is through posts that other people upvote, or by upvoting others. We have communities. I'm not saying it can't be more than that in the future. But that is what it is right now, and will continue to be until a major shift happens.

Sort:  

Actually I see it as a text database. That is why Hive is lagging in my view. The fact everyone wants to stress the social media instead of actually using the database which then provides data that many apps can use.

There is a ton of social media out there. Nobody is going to come here if all their news, info, contacts, and digital life is on the other platforms.

People need to realize that. We build for us and then expand it out. However, we have to build for us.

I can understand that. And that's why I said there needs to be a major shift for that to happen.

No one is stopping anyone from posting all those things you listed here on Hive. But the problem is, news won't get votes here, and might even get downvoted. I've seen some whales say they don't want simple updates to generate hundreds of dollars worth of votes everyday. But getting the latest and accurate news need funds. Without the votes, it will be difficult to finance it.

As for the contacts, personal info, and digital life, not a lot of people are too keen to share that in Web3 at the moment. Because of the monetary value, and risk, a lot want to remain anonymous and keep their personal life private. I've seen the amount of pushback of SPL players against KYC.

I think Hive's complexity is hurting it in the short term. It isn't simple like the other blockchains where only the transactions are recorded. But I do think its potential as a text database will help make it popular long term.

Nobody is going to come here if all their news, info, contacts, and digital life is on the other platforms.

Look at the original version of reddit and how insanely popular it became because people could simply communicate anonymously without the personal aspects of social media. To view and use old reddit replace www with old , https://old.reddit.com . Because of this simple text and image forum we were able to create groups with some of the best conversations on the internet and reddit grew and grew until they sold it. The better option would have been to make it decentralized and more democratic. They then created the much less useful reddit 2.0 and placed it on top of old reddit and combined with censorship they tamed what was a very prominent force on the internet to communicate about any topic.

The main issue seems to be , How do we develop a better communication system without a better communication system to communicate about the development?