"Figure out the thing that is going to eat the world, if you're right, own it, hold it and wait." - Michael Saylor.
All web 2 sites, big and small, are staring in the face of a giant black hole, ready to devour them whole.
Apple, Facebook, Amazon, and Google ate the world.
"Everything physical in our lives is dematerializing onto a software network.
Apple ended up dematerializing all of your mobile devices.
Google ended up dematerializing every library and every piece of video.
Facebook ended up dematerializing our social relationships.
Amazon ended up dematerializing the storefront." - Michael Saylor.
My prediction is, most of the centralized online sites we see today can be dematerilaized by decentralized protocols. We do not need a CEO to run a social media platform any longer; these can be community-owned and run and profit shared; this is proven.
Centralized web 2 sites will migrate to decentralized technology. I believe they will not have a choice. Decentralized technology is more secure than a centralized database controlled by one entity. Web 2 sites that refuse to adopt decentralized technology will not be using industries best standard practices, and if they are hacked, and embracing this new decentralized tech could have prevented the hack, they are liable and can/will be sued.
As we see the grand chase, the fleeing of "melting ice cubes" to a decentralized, secure, capped, immutable asset, Bitcoin. We will start to see the "herd" of web 2 sites fleeing over to web 3 technology. We have started seeing signs of this with Verison backing up text data to the Ethereum blockchain. Verison is a step ahead of the curve and understand where the ball is headed regulatory wise, and web 2 sites that do not adapt quick enough will simply be crushed due to regulatory pressures. We see the same with Reddit getting into the game using Ethereum.
Trustless is the new standard. In a trustless world, centralized sites force you to trust them is a broken business model.
We see attempts at "decentralization" by large web 2 sites trying to create their own blockchains.
- Telegram to pay back investors 1.2bil after failed ICO.
- Facebook libra has been relentlessly attacked and had to back down from their original plans.
- Kik was sued and neutered by the SEC.
And the list goes on...
The idea of a centralized, publically traded company decentralizing and doing anything to devalue company stock is walking on thin ice with both investors and the SEC; that is why this whole web 2 needs a reboot.
Facebook will not do what Hive has done (hand over power to the community), nor will Twitter, Google, and the rest of the FANG stocks. Each world of web 2, and there are more than a handful, will be entirely devoured by web 3, some sooner than later. If your business or site can be run by a protocol inside of a DAO, your days are numbered.
"Facebook created a software network to pull all the social energy on the planet." - Michael Saylor.
The first to fall will be the social media platforms of web 2. Facebook, Twitter, and the like have been under heavy scrutiny, even threats of repealing section 230, which would easily be the end of those platforms as we know it. And I do believe it will be repealed, and Youtube will turn into KYC celebtube.
I like to invest in technology that reinvents laws, not ones that bend to fit inside existing, archaic law framework. Bitcoin does not care what you label it, and regulators caught on to this quickly. Their realized banning it would not work and would only hurt their country's chances of innovation in the future. Some countries adopted it, and once that happened, the cat was out of the bag.
The same for Hive. Hive does not care about what you label it; we are dynamic, non KYC, permissionless access to a world of infinite possibilities. We are scaled to handle the challenge.
Hive is a world eater's eater. It eats that which eats worlds. Bitcoin is the experiment with PoW and Store of Value. Hive is the experiment of on-chain governance and Store of Content. It's the decentralized backbone any centralized site can plug into to offer it's users an immutable cyber account that stores all of your content, forever. No one can take your account, nor can they banish your community.
We turned gatekeepers into open and fair playing fields, where everyone is a gatekeeper competing for the world's attention in the free market. Youtube, Facebook, Twitter become communities, competing vs. other communities. And the communities that don't offer cross-compatibility to the larger network effect will be left to be forgotten on their lonely islands.
Plugging Hive into your site is injecting the power of Web 3 directly into your users' hands.
What makes me bullish on Hive is the fact it should have died a long time ago. It should have been killed during the 80% ninja mine and 100% short-lived inflation. It should have died when Dan L. left. It should have died when it went from the #3 market cap to sub #100 market cap. It should have died with the mismanagement and ulterior motives of Ned. It should have died when ninja sold to the worst possible person it could have been sold to, Justin Sun. It should have died when the network was Sybil attacked and taken over by exchanges using users' funds against them. It should have died when Justin Sun used the ninja mine stake to steal over 60 users' funds. It should have been killed in the womb as Hive with no exchange listings but Blocktrades. It should have died when the Hive blockchain was going to sue. It should have died a million different ways. Yet here we are. Still here, still kicking and still doing what other blockchains raise billions to do, have a strong layer zero.
There is no other coin outside of a very few that would have survived what Hive went through, and those coins are not sub 100 in market cap; they are top 20 in market cap, and even most of those would have fallen by the wayside.
What should have died in the bear has little to no chance to die during the bull. Hive has always been very uncorrelated, doing its own thing. One thing Hive has remained consistent on is not dying. This community refuses to give up. And that's what consistency in pursuing excellence looks like. We are living breathing consistency, and we march forward regardless of what gets in our way. You try and stop us, and we become healthier, wiser, and more hungry.
While we're still sub 100 billion market cap, I see a future where Hive can get to a place where it is a secure asset in the eyes of highly regarded investors. We have a long road yet to go. I don't know where we will be 10 years from now. But I know where we won't be, and that's the graveyard.