The Hive that I dream of
Is hive only a social media platform?
The initial idea was perhaps that to create and offer frontends that lets users express themselves from that perspective hive did quite well in making available the tools that are like modular bricks and mortar for anyone to create a frontend to post content.
Each account is just a set of keys
With each account that is created on the hive blockchain a set of keys are generated which let the owner do things like posting content onto the blockchain.
However that is only the part which a lot of people see.
Once new users begin to post and get some upvotes they realize the upvotes have value.
The upvotes get cashed out into crypto
The ease with which the payout happens to a users account when the post matures passing the magical 7 payout mark is amazing.
What is even more amazing is the ease with which the post payout gets into the users account.
If writing was a job then you would need to create content based on the brief the client provided. Submit the work and once the work gets approved get the payment cheque put it in the bank and get paid.
In this respect hive can be your workplace that you can access without having to step out of your home.
The hive wallet is your bank account
One can think of your hive wallet as your bank account which holds your crypto and even lets you earn.
Earning 15% APR on your HBD savings
The hive blockchain based on the consensus mechanism lets you decide on a APR return for holding the hive dollars into savings.
The ease with which a user can put his hbd into his saving and earn a 15% APR and withdraw it too without having to step out of the home is another thing that people find it hard to believe.
There is a lot more to hive than blogging
Blogging or content creation is just one part of hive. It is a highly efficient blockchain with zero transaction fee and ultra fast transaction speed.
The idea of getting more people on hive
Indeed hive is a borderless platform that lets anyone from any country or any part of the world come to the platform create an account and become active.
The question is is everyone interested only in creating content?
The world is suffering financially
With the current financial state of the world there is hardly any country that has escaped the financial hardships caused by
Covid 19 Pandemic
Ukraine Russia war
Rising inflation within their own territory
This makes hive a ripe and attractive land of opportunity.
Think of hive as a place where businesses can set up their shop
Financial transactions need a fee. When a business sets up a shop and accepts funds via credit card the card provider takes a fee of 3% or more.
What if the business accepts HBD and Hive? Then there would be no such fee involved.
Additionally there can be a hive and HBD based credit and debit card that users can use to shop.
The option of buying Hive and HBD with local fiat
I know there can be some technical issues when hive stakeholders decide to create a facility to bridge/ swap fiat to hive & HBD
If this were to happen then it would be a lot easier for users to come onboard hive and do their day to day activity and conduct the business of life on hive.
This dream is getting real
The best part is that a lot of work is being done on the hive blockchain and hopefully in the near future my dream would be a fully functional reality on the hive blockchain.
Image source
Posted Using INLEO
This was quite an insightful blog for me personally. I have read a couple of blogs explaining hive, but I love the experience feel you included in this writing. You said sbd somewhere and I want to know if you are referring to steam backed dollar on steem. Or was it a typo
Oh that was a typo. I fixed it. Thanks for bringing it to my notice
You're welcome friend