1/🧵
Hive should focus outside the centralized exchanges. Many seem to feel that getting listed on the CEX is the only path forward for Hive. At this point, it is better not to be in that mess.
1/🧵
Hive should focus outside the centralized exchanges. Many seem to feel that getting listed on the CEX is the only path forward for Hive. At this point, it is better not to be in that mess.
2/ Hive can start to focus upon DEX and liquidity pools. Without worrying about the CEX, we can build deep and liquid pools that can facilitate trades. Ultimately, this creates a realm where $BTC becomes a vehicle currency.
3/ Since most regulators appear to be leaving that coin alone, we can connect to it which allows for people to seamlessly get to the CEX. This means people will be able to engage with fiat, yet not be dependent upon CEX.
I wish there were fiat options to buy hive without the KYC
Yeah. Well fiat is likely to always have KYC. It is their realm so they are going to protect it.
We are likely going to have to use a vehicle currency like $BTC to get from Hive to fiat.
depending on a CEX is like depending on a bank or any other financial institution. They are all centralized so they own you and your money but you don’t own them
4/ This removes Hive from its island and allows for easy access to fiat and other crypto. At the same time, we keep building value which will enhance the wealth of the entire ecosystem.
5/ This is how we get around what governments are doing. This is a major push which can be done in under a year on Hive. It is a matter of building the infrastructure to get this done.
https://leofinance.io/posts/taskmaster4450/hive-network-without-centralized-exchanges
Fully agree to this. No need to force exchanges.
$HIVE shall focus on new user and user retention.
Agreed! Leave the CEXes allone!
totally agree especially at this time. Instead there are many other options can be done and the CEX is the last one
Hive would be in a far healthier state if user retention was made a focus, you are more like to get new investment from these users than gambling on everything coming in via a CEX.
A good advice
And that's why I am wondering why many are panicking when CEXes are having trouble while in fact, in the DEXes, you can go on with your trades without any interference.
That is something worth waiting for, the connection of HIVE to BTC.
Any plans for listing #HBD on exchanges?
This may be a good strategy to develop and expand the Hive ecosystem without getting on the regulator's radar.
With the current mood of various governments to go after the CEX it is better to stay way.
If hive or any project offers value and is dex exclusive people would use the dex or bridges to get their share of #hive