Improving Hive's Utility and Visibility
In this episode, TheyCallMeDan discusses several ways to improve the utility and visibility of the Hive blockchain. He emphasizes the importance of making Hive more accessible to mainstream investors and increasing its presence on popular decentralized exchanges (DEXs) like Uniswap.
Integrating with Ethereum DEXs and Rosetta
Dan believes Hive is missing out on significant speculative trading opportunities by not being integrated with Ethereum-based DEXs. These platforms, like Uniswap and Balancer, have seen massive growth and trading volume, with some tokens experiencing 5-10x price increases in a single day. Dan is willing to personally fund the integration of Hive with these DEXs, as well as the Rosetta open-source software that helps exchanges list new cryptocurrencies.
Appealing to Mainstream Investors
He argues that Hive needs to cater to the needs of mainstream investors, who may have different requirements than the average Hive user. Things like Ledger hardware wallet support, listing on regulated exchanges like Coinbase, and being in the top 20 cryptocurrencies by market cap can make Hive more appealing to these investors. He believes that making Hive more accessible to a wider audience will unlock new sources of liquidity and funding.
Embracing Speculation and Marketing
Dan acknowledges that some in the Hive community may view speculation and marketing as "un-pure," but he argues that these are necessary components for Hive's success. He believes that number-go-up psychology is a powerful driver of adoption and that Hive should actively market itself and tell its story to potential investors. Dan is willing to dedicate his own resources to fund these efforts, with the expectation of being partially reimbursed by the Hive DAO in the future.
Calling on the Hive Developer Community
Dan is reaching out to the Hive developer community, asking for help in integrating Hive with Ethereum DEXs and the Rosetta project. He is willing to provide funding and is open to collaborating with developers who have already done work in these areas to expedite the process.
Overall, Dan's message is clear: Hive needs to take proactive steps to increase its visibility, utility, and appeal to a wider audience of investors and users. By embracing speculation, marketing, and strategic partnerships, he believes Hive can unlock significant growth and become a dominant player in the blockchain space.
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