1/ #hive is censorship resistant. This means that nobody can close your account. It applies to social media activity as well as finance. Imagine what happens when wallets have NFTs or coins in them and the acct is closed.
1/ #hive is censorship resistant. This means that nobody can close your account. It applies to social media activity as well as finance. Imagine what happens when wallets have NFTs or coins in them and the acct is closed.
Is that censorship resistance or is it digital ownership? Because you can still get muted on frontends, curation (downvotes) can destroy your visibility, etc. If you can't reach anyone because of that, aren't you censored then?
Not all front ends mute based upon downvotes. Plus your content is still on hiveblocks for all to see. It cannot be removed. And that link can be sent anywhere.
Finally most front ends still have it just have to click another button.
I get it, the blockchain in itself is censorship resistant. I guess then it's on us to build and use frontends that bring out quality content but stay fair as much as possible in terms of free speech.
Well they are all different so people who claim it is censorship are mistaken. The data is on the blockchain for all to see. Many frontends deal with data differently and have different voting mechanisms.
So it can be seen through different sources.
2/ People do not realize how important this is. For those on #hive, it is a blessing. You are ahead of the curve. We are going to see more regulation to try and reign in the companies behind this which means we are going to see banks.
3/ Circle already filled for a banking license understanding that regulation is coming. That means the USG has a direct link to USDC. Is that what people want? This is why #hbd is so important. It is our path out of that control.
4/ this is going to be a bigger issue in coming years as the likes of #eth become #kyc and get taken over by #wallstreet. Lightning network for #btc faces the same challenge.
5/ node operators are not going to run those networks for free. This means that we are going to see the selling of data as the way to monetize the service, something banks and fin insts already do. #btc might have mining but it wont do.
6/ the idea of turning #hive into a transaction layer for #btc and #eth actually makes more sense since it is #decentralized and #feeless. It also settles in about 1.7 seconds something unheard of in the financial world.
7/ these are some of the point overlooked by even those using #hive. Having a Hive account, even with nothing in it, will have value in the future. It is a place on a piece of digital real estate that keeps growing in value.
It will be fustrating. A lot sucide news will be on air.
I love the way crypto is built
#hive #crypto
8/ this is the true digital gold simply because of the activity. An asset that is backed by increasing economic productivity is a much better store of value than some monetary unit that people hope appreciates. A lot is feeding into #Hive
9/ The fork in 3/2020 was a blessing and allowed #hive to back into decentralization in a way not overtly considered. Now, it stands out as regulation is mounting. The alien invasion already took place, something chains will endure soon.
10/ While many are working on centralized layer 2 for transactions, #hive is working on decentralized sidechains to compliment the decentralized base layer. Each vote given with value helps the resiliency of the chain through distribution.
11/ #hive is overlooked although that is going to change as the applications are starting to gain traction. Those who are part of the ecosystem are going to realize how fortunate they are to have been a trailblazer. This is still early.
12/ those who take advantage and grow stake through online activity will be well rewarded down the road. So while Elon is trying to figure out how to monetize content on twitter, Hive is nearing 7 yrs rewarding content.
13/ when you find a unicorn it is best to hold on tight. The key is realizing when you have one before you. Often they look like every other horse but the magic is there. When you dive deep into Hive, this is what you find.
I see 🦄 's everywhere ....