This is a bit of a play on Marc Andreeson's famous proclamation that "software is eating the world".
Source
It is also a spin on an article that appeared in Cointelegraph starting that Nodes are going to dethrone tech giants — from Apple to Google.
This is a rather large claim by the author of that piece, something that we are taking a step further. Nevertheless, there is sound reasoning for the push in that direction. When we step back and truly analyze what is taking place, we can see the foundation that Andreeson foresaw so many years ago.
Also, as is often the case, the author of the Cointelegraph article was talking about Hive, without realizing it.
Once again, we are already doing this.
Taking Power Away From Meg-Tech
This seems like an insurmountable task. The power wielded by the major technology companies is incredible. Never did we see so many entities apply the concept of the network effect to their business model. It enabled these behemoths to operate under on a scale unmatched. Consider the fact that Meta has over 2 billion users. That is a number that is astonishing in the corporate world.
Another factor to keep in mind is these companies established the "winner take most" idea. Instead of there being a handful of entities dividing up market share, the overwhelming majority are with Amazon, Google, and Meta.
Web 3.0 comes with a lot of outlandish promises. However, when we think about it, the forecasts are legitimate.
Andreeson's claim stemmed from the idea that every company, whether they acknowledged it or not, was essentially a software company. At the core of this, and the establishment of the likes of Uber, Doordash, and Coinbase, was cloud computing. It is where Google, Amazon, and Microsoft stepped up.
Here is where blockchain networks can alter the landscape.
The aforementioned companies control a large portion of the cloud market. This is a problem when businesses can be wiped out by a supposed violation of the terms of service. Think about this for a second: Netflix could be eliminated if AWS turned them off. Sure there would be a fight but the power is there.
Blockchain nodes address this issue since they alter where data is stored and how information flows. The promises of Web 3.0 along with decentralized applications (DApps) is that what is now in the hands of a few will be hosted on millions of nodes.
This will return power back to developers and users.
They Are Talking About Hive again
Here is where many feel that some of us are off our rocker. How come we keep talking about Hive like it is something magical? After all, the price is in the toilet and almost 200 tokens rank ahead of it.
This is an example from the article linked above:
Decentralization-first and community-first ecosystems promise to put power back into the hands of developers and, thus, the users who will use their decentralized applications (DApps) and software.
Where have we heard that discussed?
Decentralization and community? Isn't that how we describe Hive? It is the foundation upon which all is being built. We know that, while small, we have a dedicated and powerful community. This is not just a bunch of people on Twitter or Reddit discussing the price of the coin like with Ethereum and Bitcoin. Instead, we have people who are actually using applications on a daily basis.
Of late, the first part in that quote is coming into question. With Ethereum going to proof-of-stake, it is evident the governance structure is highly centralized. The future of that blockchain is compliance. We can already see it.
Do not be surprised that, if at some point, all transactions on that chain are KYC.
Therefore, the control of Ethereum, and thus the data, can once again come under the major corporations. While they might be different entities as compared to the cloud companies, it will still be Fortune 500 companies with a lot of money. Buying and staking ETH is all that is required.
With Hive, things are a bit different. To start, having the most staked doesn't equate to control of the block production. In fact, that is evenly divided among the consensus node operators. Since there is a greater degree of decentralization, this means that we are looking at a more resilient system as compared to most of what is out there.
The major exception to this is Bitcoin. For now, we can state that it is not going to be in the hands of a few entities. Yet, there is a problem with the technology. It can only store a ledger. There is no way to store long-form text data. Hence, it is not suited to replace the cloud companies expect, perhaps, the data that banks house there.
Hive can offer this option. Over time, it is going to get more expensive to do so which is why decentralized layer 2 node systems are so crucial. We can keep adding layers of storage all tied to the base layer. By now, it should be evident this is about a lot more than just token price or even finance.
The idea of communities controlling their data is revolutionary. It is something the cloud companies are not prepared to face. At the moment, it is not a true threat since all is transparent and posted to blockchain. That said, we can conclude that privacy layers will be added to all of this at some point.
For now, we are in the foundation stage. However, it seems highly unlikely that something that is moving towards centralization will reverse course. If decentralized nodes are required, Hive is at the forefront of this.
If you found this article informative, please give an upvote and rehive.
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You have a nice way of laying out what should be obvious .
"...we have people who are actually using applications on a daily basis."
BINGO!
I just see the entire Hive Ecosystem that just needs a catalyst to take it to the next level of active users.
As I have said in the past, a consistent 3Speak would do the trick in my not so humble opinion.
With that we will see more from the content creator circles similar to @tdvtv @lukewearechange @pressfortruth with already big followings.
Content creators follow each other and guide other creators to places like Rokfin where they can earn more.
Now instead of costing $9 per month I can put that money into the token of the platform and have incentivized earnings.
This seems like a no brainer to me.
Ultimately, I beliveve the external apps will all be used to drive people to their Hive accounts.
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Post Merge Ethereum never interests me, pre Merge leaves the same feeling about Ethereum. We will see how the talks about decentralization/centralization pan out on that chain over time.
As for Hive, it can boast a community and developers dedicated to seeing the chain excel in decentralized ways as much as possible. This thus places us ahead of what is being envisioned out there without them being aware Hive exists.
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They appear to be two different entities completely. This is how things are changing. Hive stands out in my opinion over this.
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It is true that nowadays more and more things are using software. Even radios. Many radios has DSP (Digital Signal Processing). Some new radios has a spectrum image of entire radioamateur bands. Many new radios has processors, and most of these has a power of a weaker PC. There are SDRs (Software-Defined Radios) too. There are many software related things.
More of the world is being tied to software (or replaced by it). Cryptocurrency is an example. A digital wallet replace a physical bank branch with a teller for 90% of what people use an entity like that.
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Hive always seems to be a step ahead. We tend to generally know where things are headed.
I never thought about this but many companies (some of them giants) rely on AWS to run their business. Amazon is arguably the most powerful company in the globe right now.
This is very interesting, web. 3 has alot of development, I love this post
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The beautiful thing is that with communities getting the ability to store their own data through nodes, we'll be seeing a lot more complicated applications of the feature. It will transcend hosting long form text and multimedia, to even more complicated use-cases for a variety of purposes.
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STOPWe can’t shy away from the fact that nodes like Hive will be the next big thing when it comes to communities controlling their data . Hive entails all dictates of web3 with decentralization as it’s forte .
Decentralization is hard and I see a lot of people talk about taking away power from big tech. However, it just seems like they don't believe the solution is out there yet. I wonder if Hive can really take it if there is a huge increase in users though. The RC demand might make the costs a bit too high then.
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