Building A Database To Bring Real Value To Hive

in LeoFinance5 months ago

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Hive has little to offer. As a maximalist, it pains me to state that but when you look at the servies, especially tied to the data here, we see where we are lacking.

Facebook, Twitter, and Reddit all have valuable databases.

In this video I discuss how we are so different and that something like Twitter, while individually bringing little value, the collective for the system is huge. Why isnt Hive doing that? I think because people do not understand databases.


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Looking forward to see what you're working on Task. I'd be happy to help if possible.

Summary:
In this video episode, the speaker emphasizes the importance of building a database on Hive to increase its value. He discusses how having valuable information in a decentralized database is crucial for the success of a platform like Hive. The speaker compares the value of social media platforms like Facebook, Twitter, and YouTube, highlighting the importance of data accessibility and quality. He argues that the existing databases on Hive are inadequate and calls for community involvement in creating and extracting useful information to enhance Hive's database.

Detailed Article:
The speaker opens the video by addressing the significance of building a database on Hive and its impact on the platform's success. He expresses his belief that the lack of a robust database is one of the reasons why Hive might be struggling. The speaker stresses that having an empty database undermines the platform's value proposition.

He draws parallels between successful social media platforms like Facebook, Twitter, and YouTube, emphasizing how their backend databases add value to user experience. The speaker highlights the importance of data accessibility and relevance, using YouTube as an example where users can easily find content they are interested in.

Furthermore, the speaker discusses how information posted on platforms ages and may lose relevance over time. He mentions the challenges users face in retrieving older posts and argues that valuable content can get buried in the vastness of the platform.

The speaker urges individuals within the community to contribute to building Hive's database by sharing valuable and relevant information. He challenges the community to consider the role of databases in enhancing the platform's overall value and calls for proactive efforts in this regard.

Moreover, the speaker critiques the lack of database building initiatives on Hive compared to other platforms like Twitter and Discord. He encourages community members to shift their focus towards improving Hive's database infrastructure to drive growth and value creation.

In conclusion, the speaker challenges viewers to rethink the importance of databases on Hive and calls for collective action to improve the platform's database quality. He emphasizes the need for community engagement in creating and extracting valuable information to enhance Hive's overall value proposition.


Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.