Hive's Future: Four Main Points

in Threespeak3 years ago

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Like always, when the price of HIVE drops, many get negative about the ecosystem.

In this video I discuss some major points that, in my opinion, will impact the future of Hive and its growth. This will eventually translate to the token price as well as the value of the blockchain.


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Mostly price and Market cap is mostly what an outsider will focus on, people forget hive is free to use. And it's brilliant features is the main development that will drive it to become priceless and more than valuable in the future. Of course we have a long way to do. I'm thankful to people like @theycallmedan for always holding the torch I believe as decentralized as the chain is decision making takes time but it will eventually come.
Truth is, I'm glad I watched your video it reminded me that hive's future is not fine underestimated

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There is a lot taking place that is easy to overlook. We are seeing a number of projects upping their game along with development of some things in the works that could really help the entire ecosystem.

Over time, it all keeps building upon itself. It is vital to remember the tools are being constructed right now. This is what others who follow will utilize to build their projects and further increase the value of the entire Hive ecosystem.

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Yeah it's funny but it's people who are rather not adding value that are complaining about how hive isn't growing or hitting massive gains.
Yeah too much is currently going on, the dapps, the project, the SMTs coming, many things. It's safe to say if hive continues we'll hit that level we want.

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That hits it on the head. The ones who are complaining the most are the ones who are not contributing.

Funny how we do not see those who are putting up 10-20 posts a day complaining about how awful things are on Hive.

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Exactly, things aren't perfect but time will actually take it's due course with hive and we have to individually keep contributing.

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Time is something that most people do not want to give it. They want instant gratification.

People are too conditioned for overnight success when true value takes time.

It is the builders of the world who know that effort is required to attain success. Ultimately, I am confident that we will attract enough to Hive that it will all take off.

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I too find it short sighted to focus upon the token prices too much at this stage.

The space has scarcely even begun to find real use cases outside of Bitcoin's store of value and inflation hedge role and Ethereum's ICO end DeFi hosting. Hive is among the few that have some degree of real world use. But if you look at the entire list of tokens by market cap the immaturity of the space becomes obvious.

I wrote a post today about crypto investing where I touched upon the value enhancing potential of cross-chain interoperability. We have some wrapped tokens here and there. But I don't think we've seen anything but the beginning of it.

The present market cap for the tokens listed on coingecko is $400 billion. That is a lot of money but on the global financial stage, it is nothing. Of course, BTC makes up $242B of it so it proves your point of how small things truly are.

I agree about it being short sighted to judge projects that are developing. We are still very early in the game and it is best not to draw any conclusions too early.

Hive has a lot of things others do not which puts it in a fantastic position going forward. It is just a matter of development.

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hive future is boundless as a lot of people join and new community open to people

Summary:
In this video, Task discusses the future of Hive, emphasizing the community's role in development, the importance of decentralization, and the potential for growth through innovations such as Layer 2 solutions and Smart Media Tokens (SMTs). He touches on the necessity of decentralized data for Web 3.0, the robust technical aspects of Hive's blockchain, and the value that could be derived from building on top of the Hive blockchain. Task also mentions the ongoing development discussions within the community and the need for organic growth to solidify Hive's position in the crypto space.

Detailed Article:
Task delves into the evolution of Hive over the past seven months since its inception, stressing the community-led development efforts post-separating from Steemit Inc. He highlights the challenges faced prior to the fork in March but expresses optimism about the current state of affairs where the onus of progress lies with the community. Task emphasizes the need for the community to drive Hive's development trajectory by proposing ideas, participating in discussions, and contributing to the blockchain's growth.

Furthermore, Task underscores the significance of decentralization in today's digital landscape, particularly relating to data privacy and the avoidance of censorship. He explores how Hive's blockchain, backed by its resilient technical framework, offers a fertile ground for innovation, especially with the intricate layer 2 solutions and smart contracts. Task envisions a future where Hive could attract more users through initiatives such as Leo Finance and other upcoming projects that aim to enhance user engagement and experience within the ecosystem.

Task points out the gradual but steady path towards growth for Hive, acknowledging that organic expansion might take time but is crucial for establishing a strong foundation. He encourages the community to continue building on Hive's strengths, such as its technical capabilities, community-driven ethos, and potential for facilitating microtransactions efficiently. Overall, Task's discussion paints a picture of a resilient blockchain poised for further development and adoption, driven by the collective efforts of its community members.