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RE: Like Bitcoin, Hive is under constant threat.

in LeoFinance3 years ago

Many are concerned that Hive will go the way of MySpace. First to market is not always the "winner"....

First to market provides a huge advantage to whoever can achieve that, but it is not permanent or guaranteed. There is more to being first to market than being the winner:

  • Earnings is just one of these advanages, and probably not even the main advantage:
  • Name recognition and brand recognition that advertising can't buy;
  • Definition of a standard, even if it is to be met with a competing standard later;
  • Springboard to further development and more accelerated development-- by the pioneer or by the future market entrants;
  • Status -- First to market can never be taken away by any new entrants into the market-- not even if they are superior by magnitudes in every possible way.

While being first to market isn't everything-- look no further than Apple and American Idol for proof of that-- it can't be dismissed, either. What no one wants in the quest to be first to market is to be considered an also-ran who is forgotten.

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