You know I am on this band wagon with you. It's been EXTREMELY hard to get people to use their crypto in commerce. So building the economy part needs to be more than just financial instruments.
I get comments all the time, "Oh this is great", or "This is what Hive needs is retail and commerce" yet it's rare we get any purchases, and people are still buying everything from the big corporations with their fiat money. Hell most of the posts on Hivelist are for contests and giveaways.
NFTs felt like they were going to help boost some commerce a bit, but then we see how that has gone, lol.
So yeah, just trying to figure things out on that end, but when you have Walmart and Target coming out saying things aren't looking good for them, then us small timers are screwed. But that is where the idea of building us an e-commerce economy was coming into play.
The problem is when people want to hoard their coins because we have gotten into this number go up and give me something for nothing mentality, they don't want to use these assets for what they were meant to be used for.
Hive is different than HBD. We need to be using HBD, or hell even BUSD, USDC, DAI, or even USDT for the commerce side of things. Not the base layer assets, because people want those for staking, or whatever they think it will do for them.
Now that you can earn the good interest with HBD, people aren't wanting to pay with that now either, lol...
I guess in my rabbit hole, early morning ramblings, I am trying to basically say that we need to get off the financial instrument focus, because most average people don't care about that kind of stuff and get back to a peer to peer commerce and payment system that can work outside of the traditional system.
But I guess I am a dreamer at this point, lol.
I agree with you. The use of cryptocurrency is limited simply due to the fact that most look at it like stock. They believe we are going to see mooning so they HODLer.
Hell we built it into our terminology.
Stablecoins offer a much better solution. This is where we can see a major difference enter. However, it takes people changing their behavior.
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Exactly. It's going to take time. People want stuff done in a week, but it doesn't work that way. Just going to take more education. So let's start the Stablecoin Revolution, Task, lol. 😎