!ENGAGE 50
This was an experiment and let's be totally honest, despite active userbase, the experiment failed. No investor in a traditional internet setup would be satisfied with 10-15k daily users on a "social media platform" after 4 years (of which many automated as well).
Our blockchain is faster, cheaper, can scale better, and was smart even before "smart contracts". Hive has all potential to be a "fat protocol/thin applications” showcase.
Imagine Uniswap without GAS. Imagine games who can actually store every operation on the chain. Imagine being able to tell founders of a platform which is about to shut down due to operational costs “you know not every blockchain has ETH’s friction and would not be cheaper to build upon, there’s one which can reduce your cost by 1/3 and offers free transactions. And users will actually remember their username and wallet address.”
Hive’s key assets are NOT the social rewards.
The “incentive” was an experiment and has become more often than not a pure downpressure factor. By moving the “social aspects” to layer2, these will have much better growth opportunity due to their smaller but more focused nature. Social rewards on layer2 will also be much healthier than the current ecosystem where suddenly every fart is about finance or the previous thinking of “following the stake” (read: delegations). A lot of content had never been created if not for “those incentives” and newsflash... because most of that content is “fake”, and often of abysmal quality, it dilutes the actual value of the token since it was rewarded.
We have one of the most attractive platforms and here we are, four years later, still continuously wanking over “but my rewards!?!?” totally obliviously to the fact that we are failing, failing hard. Only the chain’s technology and promise — compared to others — keeps this joint going. Promise which, of course, includes the potential for tokenized social media.