Just like gold, BTC is finite. With 21 million digital coins to be mined, the supply is soon to be exhausted.
As of Jan 10 2021, ~18.59m bitcoin digital coins have already been mined. This will soon leave miners incentivized to process transactions.
With its finite production, gold-like status and the mascot image it carries for the entire crypto portfolio, BTC obviously has been living up to its reputation.
The recent pump and the ATH has visibly grabbed attention from big players of many fields. With companies like microstrategy, paypal, airbnb and more jumping on the bandwagon, it is slowly becoming fathomable to believe that non-crypto investors have a bird-eye view over the crypto market.
Recently, Elon Musk had also been teasing the idea of getting into BTC. Even going as far as inquiring if massive transactions were possible. He has been openly repping the DOGE crew, but BTC seems like something that may be poking at his loyalty to DOGE.
When the financial advisors, account managers and investment companies slowly start diverging their clients towards crypto, it is indisputable that crypto verse will blow up beyond reach. The guns will arrive with round magazines compared to our existing banana clips.
However, BTC will be limited to its role as a valuable coin in terms of price. Nothing more. When the big guns come, they will be hungry to take a big slice from the profits of the crypto market. Fast forward a few months or just a single crypto winter, they will not longer be interested in BTC.
The reasoning behind my belief is not because I am anti-btc, but rather because I believe there is a better option in the cryptosphere.
BTC has its fair share of problems. 99 problems, but price ain't one.*
Starting from its tiringly slow transactions and stacking transaction prices.
The big players, eventually but surely, will be looking into cryptocurrency and how they could use the innovation for their businesses and benefits.
Considering the bigger problems of BTC, a profitable business model will become rather dull. Microtransactions will be a stinging pain, buidling will seem sluggish compared to the established competitors.
This may be the very reason, private companies and governments do not discuss BTC in their crypto and/or blockchain summits.
How do I know this? I attended the Biggest Middle East Blockchain conference, in Dubai.
On the other hand, hive provides some of the better solutions to these issues. With no fees and almost instant transactions in the 3-second block time, we already have an upper hand that welcomes the big boys to our party.
Lets look at Elon, who headed PayPal. He revolutionized online payments. The reason it went major was because of how simple it was. Hive works in the same way, simplicity being among the strongest features.
No need to remember hash-es or crazy handles, when @blind-spot is the only username you need worry about when it comes to me. Simple.
Setting up beneficiaries in return of services is yet another feature which can be deemed as "high demand". For a business, small or big, it makes the biggest difference.
In fact, paywalls and subscription-based frameworks are very popular and highly sought after. With working SMT examples, hive has what is needed to create a platform which is community orientated or social media styled/fused businesses. Its smart contracts, but with a better proof of brain structure, no fee, blazing fast, limited to bandwidth and value demanding.
However, neo smart contracts made huge noise in the recent past. Albeit it is not as fully functional and flexible like hive, it still provides a tiny bit of what Hive has to offer.
That very noise, is what bothers me. Hive, still, is in its cocoon stage and is yet to grow into a full butterfly. There is so much space for improvement and growth. Maybe by the time the big boys do arrive, Hive will have a solid marketing structure.
How can the likes of you and I help? Do your best. Use twitter, cryptotwitter is huge. Write articles that yield a good SEO possibility. Stay active and HIVE ON!.
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