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RE: RC Delegation The Next Step In Hive's Evolution

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Flynn Jameson
@mercadomaestro
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2 min read

Very interesting explanation of Resource Credits and what the future might hold for them. Personally, I feel as thought the use of NFTs as login-capable keys, a la using a PFP to login to a website, may be something worth looking into. As one concept, participants in Splinterlands could use their unique assets to login (in lieu of HiveSigner or KeyChain).

I think the concept of RC delegation is extremely practical. I've noticed a similar issue with other chains, like Cosmos. When ATOM is staked from Layer-1, it loses liquidity, unless used in something like Osmosis' Super Liquid Staking which could enable further yield-farming from your initial coin via derivatives. Hydro.Finance is actually working bringing out value from the locked-up $ATOM that's held by validators and longterm hodlers alike. $HIVE seems to be a transactional cryptocurrency as currently constructed.

I wouldn't say there's no speculation in the price of $HIVE tokens, but, since it's not known at the same scale as Ethereum or Bitcoin, it doesn't attract the same rampant big money specs, which is a good thing for the time being imo. $HIVE could be cast as THE "Social Networking Cryptocurrency" which solves many of the censorship problems with legacy media like Twitter, Facebook, IG, YouTube, Spotify, and the gatekeepers of P2P finance like PayPal/Venmo & Block's CashApp, or Wise.

$HBD could be much more in the greater ecosystem, as in, instead of making 2nd-layer tokens and token economies based on $HIVE, link them to $HBD instead, which would further encourage use of $HBD as a Hive Blockchain Application currency, expanding use on all the different front-ends that have been created, and then expanding into custom APIs much like how Stripe enables accepting fiat payments anywhere online, or how BTCPayServer provides code for custom-designed BTC paywalls + invoices.

There seems to be a lot of potential financial applications that can be built on the Hive blockchain that would alleviate some of the pressure being put on people by the legacy gatekeepers in both media & finance.

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