Web 3.0 offers some incredible opportunities and Hive is at the forefront of it. In the past we discussed the combination of social media and finance. This is something that Elon Musk is doing with Twitter, yet in a centralized way. Ultimately, he is still operating within Web 2.0, something that does not financially benefit the masses.
Hive operates on a different premise. Anyone who has Hive Power has a vested interest in all that is taking place within the ecosystem. Since it all feeds into the same trough, this is where Hive stands out.
A blockchain can be thought of as a cooperative. We all have a piece of it. Any improvement helps everyone.
When looking at social media, we realize that the network effect is vital. The same is actually true in the world of money and finance. It always is a numbers game. Here we see how Hive can combine the two.
In the end, if people utilize Hive as designed and help to push it forward, we can see a global middle class arising.
Staking Is Key
The power of staking is a tremendous breakthrough for cryptocurrency. For decades, those that could truly benefit from financial products were the few. We all know the present financial system is exclusive. A blockchain like Hive can help change that.
We were excluded from hedge fund, venture capital deals, and private equity raises for startups. Most reading these words did not qualify as accredited investors. Even then, how many of us had the expertise to truly understand what is taking place?
Finance, like any industry, has its own language meant to exclude. This allows the "translators" to charge huge sums. It is another area cryptocurrency is changing.
Let us use centralized exchange (CEX) as an example. One of the services they tend to provide is that of market maker. This can be a beneficial service in that it brings liquidity to market. It can also be profitable. Here is the major question: how many of us ever served as market makers?
The answer is likely very few of us. It is a game only for high wealth individuals (or companies).
Cryptocurrency, or more specifically decentralized finance (DeFi), changed that. Through the introduction of liquidity pools, anyone can participate in the making of markets. As automated market makers tap into those pools, the funding provided by individuals can present a return. The concept of the DEX radically alters this scenario.
Staking of coins and tokens is the new creator for a middle class existence. Here is where the idea of yield enters. When people stake their assets, a return is garnered. As their holdings grow, compounding ends up taking over.
On Hive, we have all kinds of options. Between powering up $HIVE as well as all the different tribes and games, we see many different ways to stake. Over time, this can add up for millions.
HBD Leading The Charge
HBD is one of the most fascinating aspects to cryptocurrency. We discussed the many potential utilities over the past year. Since it is a base layer coin as well as being tied to $HIVE, we see something truly special. It is a market driven asset that has no company or foundation. The value (not price) of it will skyrockets when project teams focus upon how to incorporate the coin into all they are doing.
Putting one's HBD into savings presents a 20% APR. This is mind blowing to people who believe it is unsustainable. Yet, when we look at the amount of HBD available, it is almost nothing (relatively speaking). To even get to 1 billion HBD is going to require a lot more than interest paid on staking. If that is the path taken, it will be decades before that is reached.
What is interesting is that, to expand the Hive ecosystem, we need more money. In other words, a lot more HBD could be required. It is a fascinating circular relationship that compounds itself in terms of the growth.
At the base layer, $HIVE also provides yield while also presenting the opportunity for speculation. This is not pegged yet does offer a return. To start, there is the inflation adjustment. At present, this is a bit under 3%. While that is nothing to get too excited about, we then have the ability to garner curation rewards. Using a simple return of 8%, this puts the staking (and curation) return at near 11%.
That is a return which, over time, could amount to significant holdings. It could be furthered by a bull market increasing the value in fiat currency, a necessity in the world we live in today.
Finally there are the second layer tokens. At this point, it is mostly Hive-Engine but a few are showing up on DLUX. To start, we know there are a few smart contract platforms being developed which means they will offer the ability for projects to create tokens. This is an opportunity if we attract more builders.
We have a hidden gem here. This is vastly overlooked due to the fact that no layer 2 token has really broken out. The value of them is peanuts, especially when compared to $HIVE. Market capitalizations are in the hundreds of thousands instead of millions. That might not always be the case.
Like at the base layer, there is staking with many of these projects. We also have curation for those that utilize the Proof-of-Brain mechanism. What if one of these tokens saw a sustained price level of 50 cents? Suddenly, some people are sitting on a nice pile of money.
It takes on a different connotation when we start to figure the yield at that point.
In Conclusion
To me, this is the epitome of Web 3.0. The concept of micro-earning was discussed on a number of occasions. This is a concept of earning small sums of money from many different sources.
Many blast the idea because they feel it equates to no earning. To be blunt, this is foolish and shows a clear lack of understanding of what is being offered.
Here is an example:
What if an individual offered some infrastructure by spinning up a server and running some software. For doing this, the person nets a monthly profit of $25. In most of the world, this doesn't go very far.
If we go a bit further, what if our entrepreneur decided to open up 100 servers, each earning an average of $25 a month? Now we have $2,500 coming in every 30 days, a significantly higher figure.
We can apply this to more than just infrastructure. What if there were multiple staking projects doing the same thing. Couple this with the curation and author rewards on Hive, both base and second layer, and we can see how this can alter people's financial future.
Of course, this ultimately boils down to the network effect. In the end, numbers tell the story. For now, we are creating the foundation which can leverage this concept further when the number of users grow.
It is possible to see how this could create a new middle class around the world.
This is the power of Web 3.0 and Hive is at the center of it.
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If I could buy the next laptop with Hive, I'd consider myself rich. I have been desperate to buy Electric Vehicle too. But too many goals lol. But I suppose most of my long pending dreams are meant to come true in my 40s to 50 decade. I hope that Hive becomes more demanding on binance so that it would help all of us who need the FIAT in these hard times. Hopefully Hive gets me there. :)
As far as buying a laptop, there is the option of converting it to BTC and using Purse.io. It would be super cool to get them to give us the option of using Hive directly, especially since there are so many points that should be easy to sell such as fast and free transaction.
Middle class in North America? Need a lot more than that…
I have watched the slow death of the American working class over the last 30 years. The financial fiat system has been the biggest cause of that death. The devaluation of the dollar, destruction of purchasing power and the hoarding of assets by those at the very top has limited upward socioeconomic mobility to a small sliver of the population. Hive changes this and levels the playing field.
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We have a gem here and Hive is at the forefront of it.
SR. Is it possible to earn $20 per day from hive by putting a lot of effort and quality time like 12 to 14 hours a day
Man, when I read your posts about HIVE and HBD, how much potential it has, it fills me with huge optimism and encourages me to invest more into HIVE.
Keep up the great work, I'm sure many more share my feelings.
I'm looking forward to spinning up my Splinterlands node once they get all of the stuff behind the scenes squared away. It should be pretty cool. It would be nice to see some of those layer 2 tokens gain some value. I'd be fine with the SPORTS token at $.01 even!
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I am a massive advocate of building and developing multiple streams (no matter how small) of Crypto income... it's highly underrated!
Circulating Hive or doubling it up for HBD is quite something to look forward to. and also the savings system is quite helpful too
With Hive's present stage we can see a glimpse of its capabilities as it is already impacting lives positively, Hive giving rise to a new middle class isn't just a talk, it is possible judging by its developments.
Hive presents anyone from anywhere the opportunity to tap into the system and utilize whatever suits them for their growth. Never I experiened this in my lifetime.
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Society is about to be "redefined".
The numbers will eventually grow and all we have to do is to keep on building and growing our stake.
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When 50% APR for HBD Savings?
Hive is already changing the world, the wise will keep staking hive.
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I really looking forward to what Elon will do with Twitter
It's amazing to think about how staking and yield can help create a global middle class and empower people who were previously excluded from financial opportunities. I love the idea of micro-earning from many different sources and how it can add up over time. It's like planting a lot of small seeds and watching them grow into something big and beautiful. Keep up the enthusiasm and keep pushing Hive forward!
Hive is amazing and there are so many ways to earn here. Just having HBD in the savings account is already a good source of passive income and if that amount saved goes up enough along with author/curation rewards and HE. The potential is all there.
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Not gonna lie, when I found out that HIVE offers a 20% apr on HBD savings, I thought it was not sustainable 😅.
If I reached my 1000 HP goal, I am planning to save some of my earnings on HBD savings.
"Cryptocurrency, or more specifically decentralized finance (DeFi), changed that. Through the introduction of liquidity pools, anyone can participate in the making of markets. As automated market makers tap into those pools, the funding provided by individuals can present a return. The concept of the DEX radically alters this scenario."
While decentralized platforms like Hive have the potential to offer economic opportunities to individuals who are excluded from traditional financial systems, the market's liquidity remains heavily dependent on real market makers. As such, broader participation in the emerging economy is reliant upon the provision of reliable liquidity.
To maximize Hive's potential and enable creators to build their businesses upon the existing infrastructure, the platform requires the development of plug-and-play systems. Such systems will facilitate the easy construction of business models, thereby enabling the efficient creation and distribution of content. Hive needs only one semi-successful application that will spark interest in others.
Furthermore, it is worth noting that competition in the tech space is fierce, particularly in the social media arena. Competitors and new startups alike will be incentivized to offer increasingly innovative and attractive incentives to draw users to their applications. As such, it is essential that Hive's development remains aligned with emerging trends in the sector.
As far as I can see, Hive has problems with positioning and the community should consider discussing approaching it differently.
I give you a !PIZZA
Enjoy!
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Though I didn't see it that way, the creation of the middle class is the logical end of staking and compounding.
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I certainly think that Hive is really modeling the formation of a new middle class. The results will be seen in the long term, of course, but with so many things being set up (from micro-earnings, to staking, to 2nd-tier builds, to 2nd-tier tokens); Hive definitely has a very promising road ahead, generating more and more possibilities of profitability for all of us who use it.
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Hi @taskmaster4450 thank you for the concept about how Hive could create a new global middle class!
This is very positive outlook and idea that I really love. I'm trying to grasp the idea and will read it over again.
Thanks for this post.
Barb :)
!BBH
!CTP