The world of crypto is filled with people who want their favorite projects to moon. This is no different than on Hive.
However, for that to happen outside the pump and dump world, the network effect needs to take place. Sure, there are a lot of tokens ranking in the top 100 without much on them. This causes people to look towards them with envy.
The challenge those tokens will have is eventually people will realize they are nothing more than promises. We all can find projects that sound promising. Back in 2017, every other token that came out had a great story with it.
Of course, we know what happened there. If we sift through the wreckage, how many of those projects are still in operation? More importantly, how many actually are on path to achieve anything they claimed?
Truthfully, the crypto world is full of broken promises. It is a sad state yet this is our reality. Some of it comes from fraud and scams while others had great intention just not the ability to pull off what they were seeking.
Nevertheless, here we are today. The great thing about Hive is we are still plugging along. Many feel this is a dead animal. I differ completely on that. We are seeing so much development that a few projects are primed to breakthrough.
When that happens, we will be confronted with another quandary: will we prefer a steady flow of sign ups or the floodgates opening with large numbers coming on board?
Both scenarios have pros and cons. Obviously, the later could overload the system. Yet it would send things flying in a direction we have not seen around here.
The steady flow will allow for more structured growth and have better retention rates. That said, it will leave Hive mired in the position it is, a problem according to many people.
Personally, I feel that either option will work out. While we do not know what the blockchain can handle, we are certain it is a lot more than when it was forked. The optimization that was done throughout 2020 is going to pay dividends. According to , we can see a 10x in the capacity of what the blockchain can handle. Since we are presently nowhere near capacity, this means room for a lot of growth.
This entire industry is a marathon not a sprint. People often forget that. It is easy to want the quick money that comes from immediate success. We must keep in mind that Bitcoin is now 12 years old. There were a lot of years where it was stuck in neutral, not really going anywhere. Plus, Hive is a completely different animal. Looking at token price is probably the biggest mistake anyone can make since it misleads about what is really taking place.
Over the last few days, there is a lot of activity on Twitter. This is in alignment with some of what is taking place out there. Hive is starting to get some attention. Nevertheless, the big fish still eludes us.
That is okay. A couple days ago I put out a video detailing how we need to change our outlook. Hive has what they want. All the calls for decentralized social media has an answer: it is Hive. At this moment, we are lacking a few applications but they are on their way.
Once we have a full arsenal to present to people, we will be a major hit. Gaining attention will be simple. With an alternative for both Twitter and YouTube, both decentralized, we can easily see how the masses need what we have.
This is the attitude I carry. What else out there can compete in this regard? We are light years ahead of most others. Look at the numbers which spell out users, they are pretty bad. Hive is at the top of the list with most of the applications.
Hive is filling in its holes. There are a number of projects working on smart contract capability. This will be a major addition. We are also seeing steps towards being able to offer viable alternatives to Ethereum's DeFi. This is all starting to come together.
In the end, even steady sign ups will end up as the floodgates opening. There is no way that Hive will be hidden forever. Many feel that it is eternal yet it is not.
Ultimately, one needs something to offer people. Presently, due to the actions of social media companies (and Wall Street), many are upset. They are starting to ask for alternatives. The problem for them is they do not really exist.
On Hive, we are putting together the solutions, very quickly. Over the next month, there will be applications out that attack a couple of the realms mentioned in this article. They will be viable products that can be promoted to the users of social media in their areas of interest.
This is something that I do not see taking place elsewhere. Most, if they are pursuing some of these avenues, are having to start from scratch.
Hive's timing is working out ideally.
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