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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:
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.
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.
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 $0.00 on their effortless post then run away crying.
Better go buy some more jpg images on the ETH chain.
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Thanks for this great comment! On Hive everybody pretends that price doesn't matter but as you explained as soon as prices go up suddenly you have plenty of people coming back and begging for votes...
When Hive went up to 3$ 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 :-)