Have you spent much time here lately?? This seems to be looking at Hive as being the same as Steem 4 years ago - it isn't.
Click the link and have a look at the transactions:
https://hiveuprss.github.io/hiveisbeautiful/
SL = Splinterlands
Splinterlands is worth about 500M dollars currently - would it be worth as much if they had to pay for transactions?
Which interface are you using? hive.blog?
Try peakd.
Key management? Try Keychain.
Censorship resistance? Quoting Justin Sun events doesn't work, as the last hardfork made that impossible - plus, the mining stake he bought in STEEM from Ned, is now in a DAO and funds development of applications. Plenty of people can run nodes - You can run a node. @arcange even broke down the electricity costs - full + half node = 100W - that is the power of a lightbulb.
Most of the voting stake isn't in curation guilds, it is just that they can make push individual posts up. The curation here isn't really centralized at all - except by stake.
Also, you seem to make the assumption that the people who have worked hard on Hive, only hold HIVE - that is not the case. Looking at a Hive wallet for whether a person has been financially successful, is very much judging a book by its cover. For example, there are dozens of Splinterlands millionaires with very little HIVE, but without Hive, they wouldn't be millionaires.
I think you are looking far too narrowly at this space. It was never meant to be only a blogging platform - it is an application ecosystem.
I could not to say this any better.
Reading OP makes me feel like its author has been somehow (magically) locked in time.
No wonders, 5 posts in last THREE years... 🙂
Posted Using LeoFinance Beta
Locked in time and too narrowly focused on direct earnings, not indirect value creation.
Oh don't worry about that I have been keeping an eye on Hive.
I am curious though, you think Hive is thriving atm?
Hive, as a blockchain is thriving, we are changing peoples lives, making them financially free.
Hive, as a blogging platform is old and a sideshow and not that important part of hive anymore. Some communities are doing okay but they are small.
You clearly been out of touch I must say.
True this is happening, but not at a scale at what Hive could be if it was successful.
Yes and I know this, and acknowledge this in the post. And I also say that to the main focus of Hive, which is to become an application blockchain is not sustainable, because the base layer is of hive is broken in many ways.
I thank you for your concern.
But really not looking for any help.
Have a good day!
well said, agreed at maximum percentage :-)
I make more trading Hive in the markets than I ever did attempting to earn it over the last 4+ years. (That’s a problem if you ask me… especially considering the inflation rate.)
Your right about the base layer being sand. I’m looking for bedrock to BUIDL on.
And there was me going to send you the link to this. Mr Finger on the pulse of Hive. 😉
Hahaha! Ye ye! I’m right in there alright. 😆
Old friend, I am not here to hostile. Let me try to address a few of your comments here, I hope we can keep it civil.
500M dollars frankly is small in the big scheme of things. We are still early, and even now many shit coins still are valued at hundreds of millions. If you really want to quote value, we can look at the Hive market cap. Hive market cap currently is
Oke first of all, it is nice that you can run a node, that's cool, but it doesn't stop for the consensus layer to be not centralized, it basically comes down to the 21 top witnesses. Do you agree?
About the nodes, a different subject but relevant: are there incentives to run the node? Do I get paid when I run a node?
"Except by stake" there is a contradiction there, do you see it? If stake gets centralized to a few big curation guilds then those few curation guilds basically determine which content gets to be seen. While on traditional social media, it depends on the user.
This only demonstrates my point, hive is not something people want to hold because its economical broken, so they rather hold other crypto such as splinterlands. The BIG problem with this that I was talking about above, is that applications in this case splinterlands are build on Hive the blockchain. The blockchain which is the foundation for the splinterlands application, which other applications would want to build on that? The success of splinterlands is real, but it is made on a broken blockchain, what will happen if the base layer aka Hive fails? Many application will take this into account. Thus for hive to become an applications layer (which btw I did know this was the direction and if you read blog post again you will see I mentioned this), hive has to make hive economical sustainable first, and this is not the case.
I wouldn't want to build my house on broken ground.
Agg had to make the second layer work first for SPL to even get off the ground. Imagine if Agg did not have to do all the leg work with Hive Engine or if he built SPL on polygon or wax instead where assets have more exposure and flexibility, it seems. Hive is a bit of a walled garden and hard to buy with other currencies with its main listing and trading volume in a south korean exchange that only south koreans can trade in.
Firstly, neither Polygon or Wax existed at the time.
And then, much of the value used to create Splinterlands in the first place was derived directly from Hive (Steem at the time) through various means, including bidbots. And, the vast majority of early adopters went into Splinterlands because it was on the blockchain they use and have value, as well as the social capital built with Aggy and Matt over the years that garnered support - for example, I spoke to them both and had drinks with Aggy in Poland at SF3, as did many others. On other blockchains, they would have been starting from scratch and had none of the social trust built, nor personal relationships to help them get started.
People seem to forget this when they look back into the past using the filters of today.
Not sure why you think it is hard to trade, at least Binance has it paired with BT/ BUSD/ USDT there and Bittrex has pairings.
You need to be kyc'd for anything over 1700 bucks to buy Hive on blocktrades and binance is not a viable option in USA. People trying to dec or sps have been having a hell of a time just trying to buy it with their ETH or BTC. Agg has been been making mention of how obscure Hive is and how people are keep requesting for SPL to use other currencies that are easier to acquire.
Stealthex.io has hive and doesn't kyc beyond an email if you need help.
Brilliant!
Thanks!
I think you might enjoy this short lil video. Its hilarious!
Use Bittrex for Hive - that is a US company - it also has HBD. If KYC is your issue, you are going to run into some troubles in the near future.
Also, you failed to address the other points at all. It seems to me like you hadn't considered the first four years of Splinterlands and how it came about. You might be new, I don't know.
You can be defensive all you want. I am not attacking you personally. Facts are facts.
WAX was created in 2019 if I remember, Polygon 2020 - If Aggy and Matt had built on them, they would be at least two years behind.
You are missing the point. Splinterlands is successful not because of hive the blockchain but because Agg and Matt created a killer product, have amazing vision and under estimated the amount of success and volume SPL would eventually have. Not to mention seeing value in the Hive community and capitalizing on the community, in a fair way. Yes the freemium structure, as Agg now puts it, has helped SPL but the isolated nature of the Hive blockchain is now holding SPL back, in my opinion.