The other day we saw the 2nd birthday for this platform.
From what I understand, it was a rough two years. That is to be expected when dealing with a start-up. Also, with an industry so young, we are going to see larger growing pains that affect all cryptocurrency, including $HIVE.
At this point, Hive is one of the leading blockchains. With zero transaction fees and 3 second transaction time, there is not another blockchain that can beat it. Add in one block irreversibility and we can see how it is unmatched at this level.
We also cleared 900K subscribers the other day according to . We are consistently seeing 60K daily active users on this platform. Decentralized social media is not a pipe dream, it is already operational.
That said, what stands out with Hive is the community. The 60K daily users are a dedicated bunch. We see articles posted through thick and thin. Some have pulled back with the recent downturn in price...yet most are still actively posting. This is a testament to the type of people we have on here.
Another aspect is the selflessness on the part of many. We see hundreds, if not thousands, trying to help out the newer people. This only makes community grow tighter and stronger.
One fascinating aspect about blockchain is that every improvement makes the entire ecosystem increase in value. There is no competition since all is on the same network. As 3speak, for example, grows, so does the entire community. We can say the same for Veews, CTP, Leofinance, and, Splinterlands. All these applications, whether one uses them or not, reside on this blockchain. Whatever interests people is pulling them into the Hive ecosystem.
This is one of the reasons why many are so excited about the development. That has the potential to draw millions onto this network, all of them requiring Hive Power to operate.
As Hive gets more popular, it is going to face outside challenges. To start, the traditional social media companies are not even giving HIve a look at this time. We are the proverbial flea on a dog...a minor nuisance at this time. That will not always be the case. Reddit, Twitter, Google (YouTube), and Facebook will wake up to the threat when it becomes evident. Make no mistake about it, they are not going to sit back and lose their hundreds of millions (or billions) without a fight.
The same goes for the bankers. Do not believe for a second that they are going to passively stand by and watch Hive become an entire, self contained digital ecosystem where people basically receive most of the benefits they get from banks. Ultimately, I believe that Hive can be a place where people work, interact, and shop; activities which we normally have to turned to banker controlled organizations to fulfill.
This means we are going to see a backlash from some very powerful players. Since this is blockchain, the results are already in. There is nothing these entities can do to stop what is taking place. Decentralization is going to overwhelm them. The Internet is coming to money which means abundance and disruption for the existing structures. Hive takes this one step further by introducing said money to social media.
That said, we need to stand together as one when this does occur. Hive is very much under the radar at this time. I do not believe that will always be the case. When it appears in more than just a few articles on sites such as Medium, the gloves will come off. Hive is way ahead of everyone else in terms of the applications it actually provides. We are witnessing the foundation being laid that will totally disrupt social media.
People need to stop worrying about minor stuff. We see a lot of petty bickering on here. People need to put their egos aside. While many want to make some of the things we witness into a big deal, it presently is not. If you think that is a big deal, just wait until the bankers or Google start to play hardball. Then you will really see a challenging situation.
For all the faults that Bitcoin has, one of its greatest advantages is there is a loyal, dedicated base which is all about Bitcoin. There are times when factions start splitting, which results in a fork. I recently read that BCash has less nodes now than Lightning Network. That is very telling to me. The fork meant the disgruntled people took their pail but couldn't take over the sandbox. The core Bitcoin people remained strong.
$HIVE, along with every other cryptocurrency, is aided by Bitcoin. It is the target of most FUD. Bitcoin is the name, it is recognized, and it is at the top of every MSM FUD report. The other cryptocurrencies get to hide behind it. The only exception might be Ethereum since that received a lot of publicity.
Notice how every little thing about Bitcoin is picked apart. One negative and it is plastered all over Bloomberg and CNBC. Even if it is a situation that is corrected, the mantra is played repeatedly. This is how they operate.
What do you think happens when that kind of attention gets turned to Hive? Do you think Google is above manipulating the results so that the Hive results where people are tearing each other apart are ranked first while the positive ones are way down? Personally, I can see them doing that. What do you think Zuckerberg, or worse, Melissa Lee, will do with that information? The MSM will have a field day with it.
There is nothing as powerful as a dedicated group of people unified for a greater purpose. Hive has tremendous potential. Outside forces cannot derail it although they will make life tough. Unity is the surefire to counteract the FUD that they will spread. Each day the blockchain grows not only in activity, but also innovation.
All of this makes the entire ecosystem more powerful. Unity is what it will keep it there.
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