Hive is no longer a blogging platform and only that. Six years ago and beyond on the legacy chain? Yeah! That's what someone could've expected and that's about it.
The lack of diversity of options also allowed for more interactions and deeper/longer conversations, which isn't as much the case anymore. Is this a bad thing? I don't know! That is a period those of us who were there at the time remember with some nostalgia, particularly when we see top earning posts with little to no engagement.
On the other hand, the ecosystem grew in various ways since then, one particular major change being the addition of Hive Engine a couple of years back, with all the tokens and tribes. Games are also a big part of the ecosystem now. Video was not an option back then. Short form content neither. Communities didn't exist also.
I don't know if anyone would want to go back to that period and only have blogging and a dysfunctional SBD and only one major front end. Now there are multiple choices but the side effect is that they divide attention among them.
But there's still a lot more to work on, as we all know.
On the financial part, smart contracts or alternatives to Hive-Engine are awaited before further developments are designed and implemented. That's how it looks from the sidelines, at least.
But before that, or on the 1st layer, if you want to apply more complex asset management strategies, well... one Hive account isn't enough, as it is now.
Let's say you want to save HBD for different purposes. Right now, on-chain, with the same account, you have two options:
- liquid
- in the savings account
You can say that the liquid HBD is for one purpose and the ones in the savings for another. But then, the liquid ones don't earn yield. If you use as alternative Hive-Engine too, then SWAP.HBD can have another destination. Again not bearing any yield. Then, you can add it in a diesel pool with something else, with the IL to take into consideration. These could have another purpose.
Another alternative is to use the use the existing accounts (liquid and savings) and hold a separate accounting in a sheet with amounts slated for each purpose. But... what if you forget to update the sheet?
The alternative I use is multiple Hive accounts. For example, I have one account where I save HBD for my 52-week challenge. That account also has liquid HIVE in it, for a different purpose. I can't joggle between the two, in this case, for example, because they have different purposes other than being different tokens. This account also has Hive-Engine holdings with a different purpose than either liquid HIVE or HBD in savings on the 1st layer. The purpose and/or time horizon of these Hive-Engine holdings are also different from the ones I have on my posting or gaming accounts.
I have a separate account holding HBD in savings, liquid HBD or liquid HIVE (occasionally). I currently consider this my small HBD reserve stash to partially fund my 52-week challenge. If I can temporarily boost my HBD holdings here through speculation to help with my year-long HBD challenge, I do it. And I've done it.
And so on. I use as many accounts as necessary to cover all the situations I focus on.
This is what happens in real life too or what should happen.
You might have an account for:
- current expenses
- emergencies
- retirement
- occasional purchases
- expensive purchases
- vacations & leisure & treats
- various investment accounts, insurances, etc.
- etc.
Well, maybe very few are quite as organized in the long term.
Want to check out my collection of posts?
It's a good way to pick what interests you.