Hive, a relatively lesser-known platform, recently got a subtle nod in the NY Post in an article discussing Bluesky and Twitter alternatives. While it's not a direct endorsement, it does raise the question: Is Hive secretly building a social media empire? In this article, we'll examine how Hive might be quietly transforming the social media landscape and building something far bigger than just a Twitter alternative.
The Sweet Serendipity of Unintended Exposure
It's true that Hive's mention in the NY Post might have been unintentional, but the best things in life often happen by accident. The article highlights that there are alternatives to Twitter out there, and Hive, with its unique blend of social media and finance, has the potential to be one of them.
Building Beyond Twitter: The Myspace Lesson
While replacing Twitter is a laudable goal, Hive has much grander ambitions. Drawing inspiration from the meteoric rise and fall of Myspace, Hive is not only developing a wide range of social media applications but also blending social media and finance in innovative ways. By learning from Myspace's mistakes and focusing on community-driven growth, Hive is building an ecosystem that goes beyond what Twitter and even PayPal can offer.
Creating a Buzz in Venezuela
Hive's impact in Sucre, Venezuela, is gaining significant attention, as the platform is becoming a model for real-world HBD adoption. Hive is making a difference in people's lives and demonstrating the power of blending social media and finance at a grassroots level.
Slow and Steady Wins the Race: A Lesson from the Dot-com Bubble
The collapse of numerous companies during the dot-com bubble in the early 2000s serves as a reminder of the dangers of rapid, unsustainable growth. Embracing a slow and steady approach, Hive is making progress every day. As a decentralized platform, Hive has the unique advantage of moving in many different directions, allowing for a more organic, sustainable growth trajectory.
The Allure of High Yield: A Page from the Bitcoin Playbook
The early days of Bitcoin saw investors lured by the promise of high returns. Today, Apple's new savings program, offering a 4.15% APR, has attracted nearly $1 billion in just four days, demonstrating the massive market for yield. Hive, on the other hand, offers a 20% APR on HBD savings. While it may not draw in billions, it could still attract millions and potentially reach $100 million in the coming year if the bull market returns.
The NY Post might not have intentionally shone the spotlight on Hive, but history has shown us that underdogs can rise to the top. As a slow and steady contender, Hive is moving forward, making a difference in the lives of the unbanked, and positioning itself as a powerful force in the social media and finance landscape. With central bank digital currencies (CBDCs) gaining attention, Hive is already impacting the lives of their primary target market. If the example of Sucre, Venezuela is any indication, Hive's buzz is set to grow louder in the coming years.
My name is Asteroids - well, that's my Hive name, anyways. I believe firmly in the future of Web3 technology and its potential to reshape our lives. I'm a serial entrepreneur and my aim in life is to always evolve and find new ways to leverage technology in my life.
As I continue to build things, I find new and important wisdom in all sorts of places. My goal here on Hive is simply to share that wisdom so that you can improve as well.
Working is as much about building good habits as it is about doing the actual work. Remembering this on a daily basis has changed my life for the better.
Until next time,
-A