Why isn't Hive where it should be? Hive isn't the problem
I've read a post today by @jongolson where he asks what is holding back Hive? Why doesn't Hive enjoy the place in the crypto sphere that we all believe it deserves?
While trying to answer his question, I came to the conclusion that Hive isn't the problem... Let me explain:
Hive is complex, yes but...
Recently I have jumped on polygon following polycub. I had my first experiments with sushi swap and polygon in general. One thing that I have to say is that things on polygon are as complex as they are on hive. Actually, it's much easier to add liquidity to a diesel pool. It's fast, done in 3 seconds, doesn't cost anything and it always goes through... So if I compare what is comparable, hive isn't more complicated than other blockchains in terms of DEFI.
In terms of transactions in general, hive is actually pretty straight forward. Enter the address on keychain of the guy you want to send money to and press... send. So easy. Try to do that with Ethereum and compare the costs. No, nowhere it's as easy to make transactions as it is on hive.
So what exactly is so complex about hive? Or let's ask it differently what is so much easier on other blockchains? It's relatively easy to swap tokens on BSC. It's quite easy to buy NFT's on WAX. But can you write content on BSC ? Can you create your own liquidity pools on Wax? Can you create your own token on Ethereum without knowing how to code?
The big difference with most other blockchains is that Hive can do absolutely everything, whereas the other blockchain only do one or several specific things.
If I compare Hive with other blockchains, it's actually much easier to use. The complexity doesn't come from the handling but from the sheer infinity of possibilities. You need a lot of energy and time to wrap your head around everything that Hive can do.
I believe that Hive isn't too complex. So what is the reason why Hive doesn't enjoy the status that it should?
It's not about the blockchain, it's about the users
In our age, we tend to be eaten up by things to consume. Our phones are bombarding us with inputs and divertissements. We could or we do spend almost the whole day swapping from one app to the next just to fill our day. The thing is, we consume stuff all day long.
Now while you surf on traditional social media's, the algorithms will show you what you want to see. Probably, you dream of becoming rich and you heard about these cryptos. Why is it only the others that become rich? You want in and the more you want that, the more the algorithm will show you how to do it. Of course, you want to make sure that you need to invest as little time as possible to get there. The best is to find an influencer who shows you exactly how and where to invest. You consume his content and follow his steps.
Most of the people follow others
Once you found your crypto influencers on traditional social media you want to imitate them. Since these influencers themselves still use traditional social media, they probably haven't discovered hive because they themselves follow other influencers that didn't do so either. There we have these crypto specialist that evaluate which token will moon next.
It's all about what will go up and where to invest. It's not about utility, use cases or even community.
I've followed several telegram channels of some crypto platforms. 99% of the discussion was about the price and how to get as much profit as possible. There lies the problem...
Hive isn't sexy, it's powerful
People want to make money as easily as possible without spending time to research and often without wanting to understand. If you want to succeed on hive, it's totally different.
On Hive you need to invest time to understand things, to build relationships, to build your stake and to create. On hive nothing happens without effort.
I've been dealing with noise.cash a lot during the last months and I saw what happens when the masses onboard. It seems so easy to create short form content but no... On noise.cash the team had to deal with spam, plagiarism, vote demands... It was simply too difficult for people to write meaningful short content stuff... Do we want that on Hive?
Let's say you buy Hive on an exchange. Then what? You can either leave the Hive on this exchange or you can actually interact with the blockchain and there the work begins. You have to understand what is the difference between Hive, Swap.Hive, Hive Power, HBD. You have to understand how Hive is generated, how the tokens are created, why you have to vote. Why do you need some stake? What is Hive-Engine? Where are the liquidity pools? How to make swap.hive with hive? How to get interests on HBD? What are downvotes? Why don't I get the money immediately from my posts? What are the things to avoid when writing posts? Why do my posts have zero value?
The almost unlimited possibilities of hive are it's biggest problem for mass adoption. Hive is the Swiss Army knife of blockchains. It can do everything. The problem is that you need a specific mindset to deal with that. You need curiosity, you need stamina and you need creativity.
I would say Hive is the blockchain for the entrepreneurs among us. Once you discover it's full potential, hive can become the playground for your creativity! If you don't have this mindset, Hive will simply be overwhelming...
Let's connect ! You can find me on these platforms:
Posted Using LeoFinance Beta
