Hive Is Changing Lives

1 yr
LeoFinance
6 Min Read
1192 words

What real world impact is there?

This is a legitimate question. When it comes to cryptocurrency, what is really happening?

We see major Wall Street institutions starting to get involved. They are setting up platforms for their wealthy clients to trade crypto as well as buying in themselves.

Does this really accomplish much? Sure it is great for the market cap of an asset class. Yet, if we are honest, the last thing these people need is another asset to make money from. Wall Street has thousands of different ways to generate a return. At the same time, is anyone from that part of the spectrum really having their life changes as a result of cryptocurrency being introduced?

The answer is most likely not.

We could say the same thing for Elon Musk and Tesla. Sure, the gains from Bitcoin look good on the balance sheet. Taking $1.5 billion in turning into near $3 billion in a quarter is an outstanding achievement. However, the fate of Musk's wealth or Tesla's future were only nominally impacted, at best, by the Bitcoin acquisition.

Thus, we have to look further to see what is truly making a difference.


Source

While Hive is not the best known blockchain nor is it the biggest, it does have something going for it that is different from most others. What is taking place on here is changing the lives of some everyday people. In other words, we are seeing a meaningful impact "on the ground".


For this article, I will highlight one individual because I believe she epitomizes this concept to a great degree. There are others who are following a similar path and, hopefully, there will be hundreds of thousands more.


A number of months back, one user, @celi130, put an introduction post on Leofinance.io. At that time, she was greeted in a friendly manner, encouraged to participate, and received some upvotes. The votes she received put her on the trending page for a little bit, something that is quite an achievement.

However, this is more than just getting a few tokens in one's wallet. This is a serious change in direction for the life of this individual and her family.

She resides in Venezuela. As we find out in a follow up post, this had more impact that many realize.

Continued after I responded to the comments, I dedicated myself to making this post that has only been 16 hours my first post in Leofinance is generating almost two years of salary in my country Venezuela, equivalent to almost $ 20 and its value continues to rise.

A single post made what was the equivalent of almost twenty months salary. That is certainly a nice thing to wake up to.

Of course, income and expenses do not quite coincide. The cost of items such as food far exceed what the average worker earns. Hence, the payout from that post, at that time, helped her to buy 10 items for her family.

If this was the end of the story, it would be a nice piece to uplift us a bit as we go through our day. However, there is more to this.

There is a saying about giving versus teaching a man to fish.

If @celi130 simply took the money and split, that would be a situation we saw all too often. However, it appears she understands that, in spite of needing the money, the difference between income and wealth.

Hive can provide an income to people. More importantly, Hive is a sensational vehicle which to build wealth upon. Naturally, to achieve this end, we need to do more than just cashing out the first chance we get.

We see another post from 3 weeks ago. In it, we find out the progress towards 1,000 power. It seems she set down a goal of have 1,000 LEO, CTP, and HIVE staked.

There were three screenshots enclosed to show the progress.

This one idea sums up what many of us spent years writing about.

While cashing some of the tokens received is often necessary, those who focus upon building have the capability to really change their lives.

In this instance, in spite of being in a country where the average wage is $1 a month, this individual was able to stake over $500. This is building future wealth for her while also helping out the platform some.

It is a story that I think we all could agree that needs to be repeated 100K time over.

Of course, this does not come without effort. In the latest post, we see the commitment shown towards the ecosystem and individual building.

Here are the goals set down for the Proof-of-Brain tribe.

proofofbrain.png

Notice what first set of goals deal with engagement. How many people on Hive are beating this drum each day? It is something that many promote as the path to success. Again, here is something who is taking that suggestion to heart.

We don't know how the next few years will pan out. However, if it goes like many of us believe, the value of these tokens will be much higher than today. That $500 can turn into $5,000 or more with price appreciation along with continues effort.

How does that impact someone in a country where the pay is about a dollar a month?

The bottom line is that Hive is changing lives of people who are really in need of help. It is great to see the TVL of DeFi on Ethereum surpassing $50 billion. However, on a chain where, due to the transaction fees, one must be moving around at least $5,000, this is not dealing with the average person. It is a game for the bigger players.

Hive offers something for everyone, no matter what the income level or present economic situation. One can enter and simple get involved.

Presently, there are people from Nigeria, Brazil, Venezuela, and Indonesia who are following the same path. In fact, while the numbers are different, Hive is also impacting people in the developed countries in a positive way.

Hive is changing lives.

However, to realize that, one must be willing to put forth the effort. A long-term view is required since things tend not to happen quickly. It could take months to get noticed whereby the upvotes add up to something of value. Most of us went through that when we started.

And, most importantly, wealth is not derived by cashing every token received out. That is not only short-sighted, it also does not exhibit commitment to the expansion of the platforms that are on here. A percentage needs to be staked to improve one's influence on chain, not only for governance (with HP) but also curation. This ends up increasing the payouts that one receives.

It is all about compounding and those who utilize Hive for this purpose will see a difference in their life over time.

We see a clear example of it here.


If you found this article informative, please give an upvote and rehive.

gif by @doze

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logo by @st8z

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Corporate, Big Players = FOMO

@tipu curate

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1 yr
0

Not sure how that applies or what it means in the context of this article.

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Full reply followed below, this was something I do find interesting people are chasing big earnings, not considering smaller cryptocurrencies. Hive being an excellent avenue to learn/earn, opportunity for small business, or simply save by having so much here on offer.

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I can't believe that the average income in Venezuela can be $1! As far as I know, Venezuela is full of oil. Of course, a communist-inspired regime, a dictatorship, huge inflation, but still $1 !!
This is not what you are talking about here, you are talking about the ability to earn money from online activity, on a blogging platform that happens to be Hive. Which can change the lives of some people in developed countries, the examples are close to us.
Of course, the activity and the degree of understanding of how to make money are important ... but more importantly, there is the Hive, the place where all this can happen!

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1

You mention the financial gains from the Hive rewards but Hive provides so much more than that! I wouldn't bee here if it weren't for Steem (2018), I was new to the crypto world and I landed on Steem (I don't know why or how) but it changed my life. I became part of the Portuguese steem community and learned SO MUCH from reading posts and exchanging messages with other members.

I lost a lot of btc investing in steem back then but the knowledge I gained allowed me to make 10x the amount I lost. The big value of Hive is the community and how we usually support each other.

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1

There certainly is a lot more to be gained than just financial rewards. That I cannot dispute. The relationships we form and the interactions we have are equally as important.

However, we do live in a monetary world, one where we cannot get away without having some resources. For this reason, we need to get as many people involved in the process as possible.

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Agreed!
I've started a new strategy where I find people making content in poorer countries, then sorta sponsor them, by getting them a Hive account, and then doing my best to make sure their posts do well. One kid put on a longboard race which i helped fund, he's now posting regularly, and is trying to get others to join.
This also had the added bonus of showing that I am legitimate, when most of the longboarders I invited in North America refused because they thought it had to be a scam because they couldn't wrap their heads around where the money came from. Now it's just a matter of keeping this ball rolling, and getting the larger scene to start to recognize that Hive is the best tool for growing a community.

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It is a slow process but one I hope you keep clawing away at. We need 1,000 of such initiatives. If we did that, we would find more people succeeding.

That said, we still need a few more applications to fill in the holes. Hopefully we will see a lot of this throughout the year.

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1

Yeah i love that Hive can be used in so many ways, and I think the potential is massive, but I agree the we have a lot of work to do still!
Personally I'm debating between making my own front end / token, or doing some kind of campaign where i ask for delegations to my HP so I can sponsor more people. It's either that or a proposal, assuming it would get funded.
Any suggestions with your experience here, as to what might work best, so I can do more? Or people I should talk to that could show me how to start something where people delegate me power in return for something?

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A front end is always an interesting idea depending upon what you are trying to do. That could hold enormous potential.

As for support, many look to supporting with upvotes but it is equally as important to start engaging and mentoring newer people.

This is how we can help to pull people forward.

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If you have a solid idea for a tribe/token, and a decent lite paper, SPI (Steem Power Investments) is looking for people to sponsor. :)

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I think the idea could be huge. The white paper hopefully will be good too, but I’ve never written one before 🙏🤷🏼‍♂️

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THey specified "lite" paper, which I presume means it doesn't have to be too extravagant, just a good outline of what you want to accomplish. Good luck!

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I thought it was just a typo, and just assumed white paper. lol. Either way, I’ll do my best, and hopefully I’m not the only one who sees my vision.
Thanks for the reply.

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Lol. That’s kinda what I thought the first time I saw the term but I guess it’s a thing now.

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I've started a new strategy where I find people making content in poorer countries, then sorta sponsor them, by getting them a Hive account, and then doing my best to make sure their posts do well.

I live in Hungary, and nowadays my pension-like monthly income is about $250 USD. I think that I can call myself poor. Even to the standards of my own country, because the minimum wage in my country in the current year is around $558 USD per month, so nowadays I receive less than the half of the minimum wage in my country.

I do not even know how is this even possible.

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Ok, so are you asking me to sponsor you, or why are you telling me this?
If you looked at my account you'd see I'm talking about sponsoring longboarders who are making skate content, so unless you plan to start posting skate content, then I'm saving my vote power for that.
To be fair, I took a quick scroll through your page, and it just felt negative. I think you need to do more networking by interacting with people, finding a good community of like minded people, rather than making posts complaining about how the last post didn't get enough engagement. Yes it sucks to make a real effort on a post that doesn't get seen, but consistency is important, and I just stopped scrolling after I saw a few negative posts. I wish you the best, but this isn't the way to get attention on Hive.

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Ok, so are you asking me to sponsor you, or why are you telling me this?

No, I am not. I tell this not only to you, but to everyone. Everyone, who see this comment.

I think you need to do more networking by interacting with people

Even more? Nowadays I often spend the half day on commenting.

To be fair, I took a quick scroll through your page, and it just felt negative.

Of course it is negative. What else would be after trying since 2017.05.17 (almost 4 years), and almost constantly getting ignored since then.

I wish you the best, but this isn't the way to get attention on Hive.

Then what is the way? Having a lot of Hive power? Sorry, I do not have much. I observed that most of the successful people have a lot of Hive power.

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Well if this is how you are commenting on every post, no wonder you’re getting ignored. You’re coming across as someone asking for pity, and most of the time I’d just ignore comments like this, but tried to be helpful, and you just double down on the hopelessness.
You blame the lack of HP for your engagement, yet you have significantly more followers than me. Only reason my posts are doing well is because I’ve spent years growing my connections here, I bring lots of people to Hive, and people see that I am a positive force on Hive. Never do you once see me complain about not getting enough engagement on posts that get missed.
So clearly I cannot help you, because you’ve already made up your mind about why your are unsuccessful, and you’ve already given up.

Hopefully you can turn things around by finding the right communities or subjects to post about, but complaining will just hurt you. Good luck with that.

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You blame the lack of HP for your engagement, yet you have significantly more followers than me.

Mostly inactive followers. They left the platform long months/years ago.

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I’m sure plenty of mine are inactive too, but I’m not trying to win the pissing into the wind contest.
I’d try to give you more positive feedback or advice, or tell you that even bad luck runs out eventually, but you’re clearly set in your negative mindset, and there is nothing I can do to help you like that.

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You're definitely correct, while I don't know this user, I can testify from a personal perspective. We have the resources to make hive the biggest blockchain ever, I guess we can work on that with time.

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Yes from what I see you are a testament to what is possible and I hope you are sharing that story everywhere.

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I find it also hard to believe that the common salary is 1$ a month! How can that be?! Anyway, great point; I was talking to @josediccus about the possibilities of fiat conversion. Seems like that it is pretty hard in a lot of countries, however:

https://peakd.com/hive-167922/@josediccus/defi-in-the-nigerian-space-controlling-finances-you-can-understand

3

I find it also hard to believe that the common salary is 1$ a month! How can that be?!

A hyperinflated currency that is near worthless due to a total collapse in confidence in the government and, hence, the economy.

There are a lot of areas where this can all help. Of course, the developed countries have people struggling so it is something that is beneficial there also.

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The government are trying to limit the possibilities that blockchain, DeFi and Crypto will bring.

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That is happening in many places across the world. Crypto and blockchain need to keep building to counteract that.

In the end, we will see who wins the race. The push towards decentralization keep happening whether they like it or not.

It will be interesting to watch.

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interesting to watch, but the ones whose lives depend on it probably won't look at it from an armchair position

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That is how it usually works @tobetada.

Those who truly need it won't engage.

Sad but that is how it works out.

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How does that impact someone in a country where the pay is about a dollar a month?

Where I live approximately UD $23.50 per month (ZAR 350) is what has been given as a grant payment for people to live on. Now if they own a cellphone most do, are able to communicate in English (one of 13 languages here) they could spend some time learning to earn in Hive.

Do they listen even when you share on Twitter and Facebook where most reside out of choice.... No! Kudos to those who are joining and committing to taking up the challenge, now earning.

My first reply Big corporate, Bankers etc. = FOMO these guys jumping on board now are starting to see the potential, gaming the system to work for the rich.

Likes of normal people need to take a good long look, start questioning even though governments are introducing all kinds of taxation or new hurdles to maneuver through, the long run is investing, growing!

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My first reply Big corporate, Bankers etc. = FOMO these guys jumping on board now are starting to see the potential, gaming the system to work for the rich.

Ah ok I see what you mean.

Yes kudos to those who do get on board and start the process of long term earning. It is not easy nor is it a quick process. However, we keep seeing more people becoming case examples of exactly what is taking place.

Many will ignore it simply because they do not want to do the work. It really comes down to that point.

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People ignoring this learning curve do it to their own detriment, as a first or secondary income stream it will be well worth time and effort. Anyone scared of putting in time and effort now will regret it in a couple of years down the road. IMHO

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Nice story. I know her.
In regards of the topic, if it wasn't for Hive I'd probably be stuck in a 9 to 5 now or in search of a job considering the world wide pandemic.
Hive is indeed life changing and its one of the few blockchains that have real life use cases.

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