"There's no use for this"
"Hive is a failing project that has fallen from #3 to #250"
"zOMg teh sKy R FalLeN"
You betting on SMTs or some blogging modification to make people flock to HIVE? lol, cmon.
ETH 2.0 is still going to be expensive as fuck assuming it remains to gain popularity, Binance is still going to be a centralized bullshit chain running effectively on one box for all we know and never heard of Arbitrum so will have to look that one up, thanks for the lead. :D
To be 100% honest with you I wish I could see everything with such pessimism, but in all honesty if you don't think adding this sort of functionality to the chain isn't going to drastically improve demand, attract more users and make it far more competitive amongst other blockchains then I don't know what to tell you.. The recipe is basically perfect for making HIVE more valuable and evolving beyond the niche blogging thing it's known for.
Best case scenario I can tag you in this post a year from now and make you eat your hat.
Worst case scenario HIVE ends up with the ability to run properly decentralized smart contracts.
Don't take me as having a bit of fun with this as me not appreciating your take on the whole thing. I don't expect you to support something that you think is pointless, but at the end of the day I think this side chain once seamlessly integrated into HIVE will create an incredible amount of opportunity here.
The use for this already exists. I personally need this to decentralize my lending contracts. That is enough motivation for me. Opening the sidechain up to the whole crypto community is just a sweet bonus.
RE: PROPOSAL #164 - Hive Side Chain (HSC) Development Funding. Creating A Ethereum Virtual Machine Side Chain Enabling Decentralized Industry Standard Smart Contract Functionality on HIVE, Utilizing HIVE as the Gas / Base Token.