Hive: The Blockchain Of Abundance
It is happening. This is no longer theory. When I first started discussing this concept a few years back, it took some foresight to see it. Now, we are seeing it materialize and hundreds, if not thousands, are benefiting.
Simply, Hive is a blockchain of abundance. It is becoming more evident with each passing success. Those who are dedicated and committed to what is taking place are able to benefit from the opportunities presented.
And we are seeing them start to pay off.
Whales Galore
Hive is creating whales. No, this does not refer to the 40 something accounts who meet the established requirement in terms of Hive Power. This simply refers to those with vast financial holdings on Hive. It can come from a variety of areas.
The latest craze is @splinterlands. There is no doubt that is creating massive abundance on Hive. We are seeing people posting what their decks are worth. Over the last couple weeks, as the game gained in popularity, this really shot up.
Then we have the airdrop of the SPS token. This is based upon one's holdings within the Splinterlands ecosystem. Again, we see people getting vast sums of money dropped on them each day, especially as the token price is heading higher.
Splinterlands is one of those projects that is helping to lead us further down the road towards the Metaverse. People are rewarded for their activities, thus increasing their position on the platform.
With so many different ways to get rewarded as well as grow one's holding, this game is creating a number of whales. There are people who are going to become millionaires simply from their holdings. Since there appears to be a liquid market forming for the in-game tokens and assets, this will be something very powerful over the next couple years.
This means we can see the likelihood of the numbers climbing. More people will be able to benefit as other layers are added to the game. Of course, those who are presently in it should find their holdings growing.
Abundance
This is the latest in a line of projects that caught people's attention. We also saw tribes such as Leofinance and Proof-of-Brain put together some excitement. Here, too, we see a number of whales produced.
Things pulled back a bit for these two projects, something we might see happen to Splinterlands. However, all these projects are still developing and looking to improve. Over time, this could result in more financial abundance within each project.
A few years ago, the only way towards abundance was through the core token. It was Hive and that was it. Sure Splinterlands was around but it was just forming. Again, at that time, it took some foresight to see where things were going. Fortunately for those involved, it rewarded that confidence.
Now we see a number of different projects that are rewarded people on Hive daily. Many people have very little stake via HP yet accumulated a tidy sum in other areas. The addition of Hive-Engine provided the ability for other tokens to be offered.
Many now view this as just the beginning stages. We know that the #spknetwork is rolling out at the end of this year or the beginning of next. That is going to directly reward Hive holders with mining tokens as well as providing individuals with an opportunity to really get involved with something early. Naturally, those that do, if the protocol takes off, will also be in terrific financial position.
The Monaco Of Blockchain
Monaco is recognized as one of the wealthiest countries based upon GDP per capita. So while it is not one of the largest countries, it does have a lot of wealth.
There are many that feel Hive will eventually grow a great deal in size. The situation with Splinterlands shows what is possible. However, even if that doesn't happen, Hive certainly can be the Monaco of Blockchain.
It is true other blockchains have a lot of money. Ethereum is a prime example. This has the ability to attract a lot of outside financing. At the same time, the wealth generated on there is enormous. Hence, developers can flock there and have an instant financial success for their application.
The problem with that is how many benefit? We know that, for the most part, Ethereum based applications had short lived success. They came on strong until people realized the transaction fees really hindered them.
Hive has the advantage that all transactions are fee-less. Yes this is something that we keep touting but it is truly a massive advantage. Consider the fact that Splinterlands delivered over 2 million transactions in a day for a total cost of ZERO. What would that have cost on Ethereum? Heck, could that blockchain even handle it?
As shown, the number of people who are getting financially rewarded on Hive through the different applications is growing. It is easy to surmise there is a decent percentage who are starting to make some fantastic money. In other words, we could see thousands starting to enter the world of life changing money.
It is one thing for developers to make a ton of money yet what about everyone else? If the users are not financially benefitting, what have we really created? We are essentially stuck with a Web 2.0 situation. The idea behind Web 3.0 (or the Metaverse) is that people who interact with the application also benefit.
There is no doubt about the wealth that is presently being created is enormous. Globally, we are at the richest point we ever saw. It is also evident this is just the beginning.
Unfortunately, we also have a system where the distribution sucks completely. This is where a change is required. We are now developing a system that does that.
Hive might not be the best known or the biggest. It does, however, reward people in all kinds of ways. This is a huge advantage over what else is out there. If we look at this from the per capita view, we can see how it is going up for each person on average. More importantly, the medium holding is following the same path.
We are not seeing a tremendous inflow of capital to Hive. There are not billionaires flocking to the blockchain. Hence, we are in a position where the wealth that is here has to be generated from within. It is a slow process yet can be extremely successful over time. The plight of Splinterlands shows exactly how it is done.
It was a number of years of development and slowing growing the user base. Nevertheless, the fruits are starting to be distributed. The value of that is jumping to levels unimagined by many a few years ago.
For those who were involved in the game to any great degree, it is a tremendous windfall. The value of their holdings are increasing at a fantastic rate.
Hopefully we will see a lot more of this over the coming years.
This is how Hive will asserts itself as the blockchain of abundance.
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