Hive is already what Twitter’s Bluesky aims to be

Direct from the desk of Dane Williams.

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Hive is already a working version of Twitter’s Bluesky decentralised social media protocol.

Do you remember Twitter’s Bluesky?

The company’s initiative to develop a decentralised social network protocol.

Here’s the description of Twitter’s Bluesky protocol on Wikipedia:

Bluesky is an initiative to develop a decentralized social network protocol, such that multiple social networks, each with its own systems of curation and moderation, can interact with other social networks through an open standard. Each social network using the protocol is an "application".

Congratulations Twitter, you are trying to build Hive.

Twitter’s BlueSky is Hive

If you simply replace Bluesky with the word Hive, I don’t think you could have described our own currently working blockchain-based solution any better.

Seriously, give it a go.

Hive is an initiative to develop a decentralized social network protocol, such that multiple social networks, each with its own systems of curation and moderation, can interact with other social networks through an open standard.

Fits like a glove.

Let’s take it a step further and break down each part, describing what is already implemented and working on Hive.

So BlueSky describes each social network using the protocol as an "application", just like the Hive blockchain houses social decentralised apps (dApps).

Each of these dApps or front-ends use their own rules to call and display the immutable content published onto the Hive blockchain via autonomous accounts that users own the keys to.

Front-ends are able to moderate and choose who and what is published, but the open standard of the blockchain ensures that freedom of speech is always maintained at the account level.

If you don’t like how one social dApp is displaying the content (for example, maybe you’re banned for posting illegal content or simply being a pest), then you can simply move to a different front-end that is more to your liking.

Nobody can ever touch your account due to the censorship-resistant nature of your Hive account’s home on the immutable Hive blockchain.

Hive is Bluesky without the billionaire ‘leader’

As you can see, Hive is already what Twitter’s Bluesky aims to be, except for one massive difference.

There is no individual in charge.

Seriously, how can you have a multinational corporation or billionaire at the top like Elon or Jack, building a decentralised social media protocol?

It’s laughable when you stop and think about it.

Hive on the other hand, is a community owned and run blockchain that uses the HIVE cryptocurrency to determine the blockchain’s Delegated Proof of Stake (DPoS) system of governance.

Born from the ashes of Justin Sun’s hostile takeover of the Steem blockchain, HIVE actually has one of the best token distributions in existence.

When it comes to true decentralisation in the blockchain space, there are only two blockchains that actually tick the box.

Bitcoin is one.

And Hive is the other.

With no founder’s pre-mine or insider sales to VCs, Hive continues to be fairly distributed via the blockchain’s reward pool mechanism.

While the popular view is that the rewards pool means you get paid for social media, what it really means is that governance tokens are distributed fairly and extremely wide.

It’s this token distribution where the top holders own less than a couple of percent of the total supply that secures the blockchain from an attack on governance and ensures freedom of speech at the account level remains.

Think about it this way.

Even if top token holders were to collude, they would still need to buy HIVE tokens off the market to gather enough stake to complete a takeover.

This would rocket the price of HIVE and with the ability of the layer-0 community simply forking them out and carrying on as before, the monetary risk is simply too much.

Seriously, try it?

Oh, maybe ask Justin Sun how it went for him.

Heck, and remember he even had access to a pre-mine at the time!

Hive - A working version of Twitter’s Bluesky

While largely a non-event, Elon Musk taking ownership of Twitter has certainly catapulted decentralised social media into the mainstream discourse.

The major platforms continue to write news and opinion pieces around what a potentially decentralised Twitter could look like, even providing blueprints in advocating for permissionless protocols.

All the while failing to mention Hive…

The only community owned, battle tested, WORKING decentralised Web3 social ecosystem in existence.

Twitter’s Bluesky or whatever decentralised social media solution these billionaires are trying to cook up is already here.

It’s called Hive and I encourage you to come and try it for yourself.

Hive’s best Web3 blogging platform called LeoFinance, actually allows you to use your Web2 account to onboard into the blockchain’s Web3 ecosystem for free.

Simply head to leofinance.io, click the get started button at the top and create your Hive account using your Twitter login.

Try out LeoFinance and claim the keys to your Hive account and take full control when you’re ready.

From there, you’re in total control and free to connect to and move between any of the dApps housed on Hive.

What do you have to lose?

Best of probabilities to you.

Posted Using LeoFinance ^Beta