Why isn't Hive where it should be? Hive isn't the problem

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Hive isnt the problem.jpg

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



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55 comments
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Thats a really good point, the fact that it's a swiss army knife...That might be a blessing and a curse. Combine that with the fact it takes time to build up a reputation here and following, while most people in crypto are trying to strike it rich overnight.

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In my opinion Hive is the best blockchain out there and it can do everything much better than most others. The curse is that you need to work to understand it, to use it and to be successful. I believe not everybody is willing to invest this work.

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Greetings friend, I perfectly understand what you are saying, I have been in Hive for a year or so and the truth is that it is as you say you have to be very curious, time, dedication and logic to understand sometimes steps that are very technical, this post I love it very much, congratulations for him.

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Thanks for the feed-back. It's true, people need to invest a lot of time and effort to understand hive. It's a lot of work and not everybody is up for it.

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Ah, that really is a good comparison. WAX is good because it purely focuses on NFTs and how to use them. So it's easy for people to get used to it. ON Hive, we just have way too many things going on. We got NFTs, blogs and everything else so it's just way too easy to get overwhelmed.

Posted Using LeoFinance Beta

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On hive it's like you start to discover something just to unearth ten other things. You have never seen it all :-)

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I wouldn't blame technical stuff for HIVE "failing", or being under the radar... Actually, the answer is simple... Hive is still viewed as a blogging (and social) platform... As the complete society in the world is in its darkest days, Hive is just following that course...

It is ironic as HIVE is like a solution for current issues, but it is still observed as a part of the problem... Again, people are lazy to think nowadays (as you stated in the post), and that's why we are having all these crises, wars, inflation, plandemics, and shit... The problem isn't in the code, it's in our DNA...

!PIZZA

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You are right about the DNA. We become more and more lazy. We leave the thinking to others and in the end we just want to get rich quickly. That won't lead us anywhere...

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PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
@ph1102(1/5) tipped @achim03 (x1)

You can now send $PIZZA tips in Discord via tip.cc!

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I agree 100% and enjoyed the post very much, but I would add something else...

I have tried to onboard some people recently and they simply can't believe what I am saying is real. Why? Who could possibly believe that you can create an account for free and start giving away money, without losing money, and make money because you're giving money away? In a way, it can be a problem that HIVE is in fact incredibly amazing.

To be able to benefit from HIVE you have to believe in it. Trust but verify, right? You can verify on HIVE, but you need to trust HIVE too because if you try to understand every single possibility you'll spend more time thinking than acting, and this network requires action.

Sadly, people don't want to act based on a vision, not even their own vision, not unless that vision is becoming wealthy with little to no effort. They want to know exactly how much they can make on HIVE and how quickly...if they could only get over this "how much and how quickly" mentality, the reality is that there is no cap on how much you can earn from using the wonderful tool that is HIVE.

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(Edited)

I have a question about this...

Can you create your own token on Ethereum without knowing how to code?

Does this mean you can create tokens on top of HIVE? I was unaware of this, if anyone could help me find more info I'd really appreciate it.

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Yes, I can relate to that experience. Hive is too good to be true, and that is why people find it difficult to believe. Also, people's questions about "how much?" and "how can I cash out?" Unbelievable! I happened to share Hive with several people who raised similar questions. They didn't know the thing in the first place and yet they are immediately thinking of cashing out? So I thought, perhaps, it's not the right time for them. The mind isn't ready yet.

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They didn't know the thing in the first place and yet they are immediately thinking of cashing out?

I can't tell you how frustrating it is when I hear them ask about cashing out when they haven't done the first thing, they haven't even registered and don't know what it is and are asking how to cash out. That should be embarrasing for them to ask that question, that's like going to an interview and before you get the job you're asking the interviewer how soon before you get your first paycheck.

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Yes, that's really frustrating. In traditional finance, they tend to adopt a more conservative approach, but when it comes to blockchain like Hive, perhaps they thought it's easy money. Just thinking, perhaps that's the impression they get upon the whole industry after listening to all these bashings from mainstream media and the mooning people in the industry itself.

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Why? Who could possibly believe that you can create an account for free and start giving away money, without losing money, and make money because you're giving money away?

That's exactly the return I get as well. People tell me that it must be a scam because it seems too good to be true lol.

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@achim03 this ===> "The curse is that you need to work to understand it, to use it and to be successful. I believe not everybody is willing to invest this work." It everything we need in here then this is the simple answer. I agree with your statement.

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I think that everybody that is still on Hive after a couple of months shows the necessary resilience and stamina to be part of this ecosystem. The problem is that only a percentage of everybody signing up comes until there.

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Nice and informative post @achim03. Hive does seem to be easy to navigate and explore options but it can be overwhelming for a newbie.

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It is definietly overwhelming for a new person. There is so much to discover and need to know. Without some effort and stamina, it's too tempting to simply give up.

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Yeah I think it's the initial hurdle that can be quite daunting for some people. I had to do a lot of reading at the start too.

Also I think there is this unhealthy mindset in recent times that people want instant results with minimal effort, especially when they see friends or hear stories of people buying some random crypto and earn 10x in a week or month, and it is quite unrealistic because most things in life don't work that way (unless it's a casino or lottery haha).

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Yes unfortunately a lot of people assimilate crypto with investment and quick gains. Most never even thought about earning crypto by doing some work. That's where Hive excells and it hasn't been wiedely discovered yet.

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Beautiful like always. To be honest & frank I started my crypto journey with Steem, now happy on Hive, and I am very comfortable here rather than any other blockchain I look into. Hive is very easy to use, unfortunately, the bots & the flag wars affected it a lot before but now all leading in the right direction. It's only a matter of time, Hive has all the solutions.
!ALIVE !LUV

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Hive has all the solutions

I totally agree. Once you know how the blockchain works and all it can do, it's the best place to be. New people tend not to reach this point before they give up unfortunately :-)

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divertissements.

What a term! First time to stumble with such a term. 🤣

99% of the discussion was about the price and how to get as much profit as possible. There lies the problem...

So the problem is with the mindset of the majority. Sorry for the analogies, it's like if one is used to eating junk foods, healthy foods aren't attractive to him; and if a reader is used to consumed superficial content, he has no time for something solid. Just thinking if the same thing applies to Hive. People are used to "mooning" and instant gain, that's why a blockchain like Hive that focuses on expanding value and talks of long-term, isn't pretty in the eyes of many.

How about making a gimmick, a story that Hive will fly to the moon soon? That will work for a time, but that will ruin our credibility.

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I think that if we promote hive as the mooning token we will attract exactly these people that don't have the patience and the energy to get into it in dept. I think hive has to grow at its own pace attracting the people that can deal with it :-)

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This reminds me of politics. Politicians who want to gain popular support give up their principles and they give what the majority are looking for. Those who want mass adoption the soonest possible, try to create mooning stories that feed the fancy of the people. Let's see what will happen. I think the Hive way is still better.

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Hive isn't sexy, it's powerful

I think that's sums up, hive needs to be more sexy but twitter was not sexy back then! And now facebook is boring, twitter is sexy, insta is a bad addiction! Hive should focus on being the twitter of web3

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I believe that in time people will see that hive isn't just powerful but also damn sexy :-). It's a matter of time !

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Your right on this.

You cannot market hive. It's too much and has too many possibilities. THat is where apps need to come into play. They need to be the gateway inot the hive ecosystem driving in users from 100 different sources.

Currently only splinterlands and leo are doing this with their own form of onboarding when it needs to be just as easy across every app on the system.

At the moment most apps just send you to a third party site where you face keys and storage issues. These two let you use an email and join straight away. If i want to play a game then i want email login. The rest comes after like all of the users who joined splintertalk from joining the game. Then they start to see more and more of the ecosystem and get into the real game. The crypto game.

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I totally agree. I've tried to create online courses to onboard people but you can't just send them to another page to create an account where they need keys and stuf. With apps like leo and splinterlands a lot has been done for easier onboarding. I hope other apps will follow.

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That's a very good point! I still think we have onboarding issues but I also agree with what you said. The fact that Hive is a vast universe with endless possibilities can be a bit overwhelming.

That's why I believe what will drive adoption on Hive is the dapps and not the blockchain itself. I think it's easier for people to get used to things that serve a very specific purpose such as Splinterlands or ListNerds, for example, and then work their way through the rest of the ecosystem. This is also why I'm really looking forward to Project Blank!

!hivebits

Posted Using LeoFinance Beta

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Exactly. People need to come to Hive over the dapps and if there is interest they will try to discover more of it. I believe Hive isn't made for mainstream but for people who want to go a bit deeper into things.

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It's not about the blockchain, it's about the users

I have had similar thinking recently. I don't see what's stopping people from collaborating and doing projects to bring out to the world outside Hive to bring in interest. Or why we're not even advertising in some mainstream places.

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It's actually not that easy to make visible advertising. The Hive community is doing a lot of work to attract people over Twitter or other networks but not many actually join Hive.

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I don't mean tweeting about it. But like advertising through Youtubers for example.

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You've made some great points in the article!

But that's why there are 500k custom json transaction per day on Hive and only 5k posts/comments or 12-15k votes (if I remember correctly). Complexity grows the more you use Hive. But if you focus it becomes simpler. That's why those who only use Splinterlands don't have this issue (apart from the complexity of Splinterlands itself).

Hive is a too larger ecosystem for anyone to cover or understand. Anyone should focus on at most a few things, that's why promoting apps instead of Hive will have the best results.

One problem is indeed that Hive offers so many possibilities that it's easy to get distracted or drain your energy. But the other is the fact the big investments can't find their way into the ecosystem easily (with the possibility to take it out as well).

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Hive is a toolbox rather than an investment. For developpers and entrepreneurs it's a paradise but for the people wanting to make a quick buck it's overwhelming. With quality apps like Splinterlands it's possible to attract people with pretty straight forward onboarding. Some of them will start to inquire more in dept and they might become regular hive users.

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I like the way you look at it as a toolbox.

But unfortunately that won't bring mass adoption. Applications which make use of the toolbox will though. And it is possible to become an investment too. But for quick money that will not be on Hive, most likely, but rather on other ecosystems connected with Hive, where this kind of mentality prevails.

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I need a blockchain dictionary. There are a lot of words I don't know the meaning like sushi swap and diesel pool. Thanks for your post I wish I understood it better.

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A blockchain dictionary could help a lot of people I believe :-). There are so many things to understand and discover. It's important we take our time for it.

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I love this post, it explains what I've been trying to quantify for some time now. Why do I shy away from Eth and other chains? The answer is HIVE is simple. Not glamorous, but simple and powerful.

If I compare Hive with other blockchains, it's actually much easier to use.

I agree completely. Fast, no fees, simple. I don't see what the attraction to other chains is. Oh, I know. It's this:

image.png

People do not take HIVE serious because it can't seem to stay valued over a dollar for very long. When it does get to a few dollars, the HIVIANS go nutz (myself included), but we (i'm included here too) miss the big picture. HIVE SHOULD BE OVER $1000.

There, I said it. That's what needs to be remembered when HIVE goes up a few dollars, slams down to cheap and we all think we missed the boat.

On Hive you need to invest time to understand things, to build relationships

I've been doing this since 2017 when I joined Steemit. So many people have come and gone, all depending on the PRICE of STEEM. Then when HIVE came along, only some joined, some simply didn't like the drama and disappeared. But for those blogging and building a following continuously slowly build up their resources little by little until it's worth something.

I was told STEEM would be at least $20 by 2020. HIVE would certainly be $100 sometime in the next few years. Not so sure that will really happen at this point, but is it REALLY about the value of the token?

I would like to think not, but experience has shown me that it really does matter. If HIVE ever does get to $10, things are going to get very dramatic around here.

People will return who haven't blogged in years expecting all their friends to upvote them, we'll see people saying "upvote me i'll upvote you" arrangements like in the old days. That's not understanding things, that's not building relationships.

Hive is the Swiss Army knife of blockchains. It can do everything.

It's really hard to get people to understand this. With all the developers using HIVE, I"m shocked nobody has been able to create anything comparable with the popular sites like Twitter and Facebook. I'm not criticizing, I can't build anything like that either.

Again, if HIVE were valued similar to ETH, we wouldn't see all those pretty ERC-20 coins that occasionally supernova... we'd see all those pretty HIVE-ENGINE coins occasionally supernova.

It's all a matter of perception.

hive can become the playground for your creativity! If you don't have this mindset, Hive will simply be overwhelming

Absolutely. I'd like to see more HIVE NFT gaming here on the chain (more than splinterlands and dcrops and dcity and rockstar), HIVE would be a perfect pair for the upcoming (trendy) metaverse games that are expected to suck the lives out of the masses.

I don't wish this on anyone, but if it's going to happen, it might as well happen on HIVE, so it can finally be appreciated for what it is.

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Thanks for this great comment! On Hive everybody pretends that price doesn't matter but as you explained as soon as prices go up suddenly you have plenty of people coming back and begging for votes...

When Hive went up to 3$ I actually realized how much more difficult it has become to earn hive. Therefore I try to earn as much as possible as long as prices are "cheap". If people come back when Hive is 10$, then I would say that they are too late :-)

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HIVE SHOULD BE OVER $1000

In a fair world, comparing what this network can do to others and the way other blockchains are being valuated, HIVE absolutely would be worth that and more. But those crazy prices for other crypto are not real, they can't hold forever, I rather not see HIVE crash as much even if it means it could take a little longer to take off.

Truth is that HIVE will likely not even reach $10, if it does I have a feeling that it will happen quickly with or without an app more similar to facebook or twitter or just prettier. HIVE shouldn't reach $10 unless issuance of new tokens is significantly decreased. Gotta work on that supply if we're shooting for any notable valuation change.

As far as adoption goes and demand increasing? It's going to be a matter of us pushing this stuff very hard. We, as people, are going to have to bring our friends over.

And as far as HIVE ever getting the recognition that it deserves for how great of a system it is? Doubt it! HIVE is too much power for the average Joe to receive recognition from mainstream media for what it really is, and sadly for most people things are only real when authority figures tell them so.

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things are only real when authority figures tell them so.

Sad reality.

Hive needs a cult-of-personality like Richard Heartthrob shilling everyday. Some kind of hype to get people salivating. DEFI... doesn't seem to work. NFT games? Still waiting. Um... NFT art? Nope.

How about blog for crypto? What an awesome idea! People get on, get $0.00 on their effortless post then run away crying.

Better go buy some more jpg images on the ETH chain.

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Hive needs a cult-of-personality

That is exactly what is going to take. And we're all slacking...because a proposal could have been submitted to set money aside for big celebrity shoutouts or at least get some of the community to pool funds for a few Cameo mentions.

Find a celebrity on Cameo, negociate the mention type "Just signed up for this Ecency thing.." and then come back to HIVE, make a post about what is going to cost to get the celebrity to send us the video, and let us vote and send tips or direct deposit to make it happen. Then make another post to gather funds for YouTube advertising or something and plaster that video everywhere.

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The biggest problem with HIVE is most people are users, not investors. I look at things like Bitcoin, Ethereum, Atom, Avalanche, etc., and I think, "I can make some money by buying some of these tokens." Most people look at HIVE and think, "I can earn money on HIVE and I don't even have to invest much."

Hive is about building the community and developing the blockchain organically. It's not out there in your face making headlines. It's also not available to purchase on most exchanges so...that cuts down the market significantly as well. The way HIVE is promoted is "earn crypto", not "buy cheap, HODL, and watch it go to $10 or $100."

I don't know if that's necessarily a bad thing because I think it will get there by deserving to get there rather than just getting hyped. But it can definitely be a little frustrating watching it languish while other inferior blockchains pump.

That said, I just look at it as an opportunity to keep stacking. I'm able to continue adding sizable, meaningful amounts to my bags while it's cheap. Even at $5 it becomes much more difficult to increase your bags unless you want to start investing thousands of dollars at a time. It also means that dollars put in now could still be 10x, 20x, 50x down the road. Much harder to do that getting in at $5 or higher.

Posted Using LeoFinance Beta

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The biggest problem with HIVE is most people are users, not investors

I would even say that Hive isn't for investors but for builders and users. If I was an investor why would I block my tokens for 13 weeks in a blockchain that I hardly know. Then I need to actually vote and understand why I should vote to get a return on my money. And yes Hive is growing thanks to inflation... When I try to explain that to people they have the feeling that it's a ponzy scheem while not realizing that all the other blockchains also grow their tokens in a way or another.

I also try to collect as many tokens as possible as long as it's still affordable. I saw already with Hive at 3$ how much more difficult it became to collect Hive. Thanks for your great comment!

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