The Question...
%20On..%20Hive%20httpspeakd.commewitnesses%20httpswallet.hive.blog_witnesses%20Hive-Engine%20httpstribaldex..png)
The night, started with a Tweet...
One of the running jokes on Hive is how well pegged Hive seems to be at a dollar these days. And @geekgirl 's Tweet earlier tonight got me thinking about the blockchain we all love so dearly...
The potential.
The apps.
The development.
The opportunity.
The community.
It all checks out right?
We have a blockchain that was literally built through a bear market and survived a hostile take around the same year. It's home to the most active #Play2Earn game on any chain in @Splinterlands . We see so much development done on the @leofinance side of things. The @spknetwork is breaking new ground daily. And that's just scratching the surface...
Just take a look at what is being built here each and every day and you can't help but get excited!
But then, the question comes up.
And in tonight's post, I want to really focus on 'why'...Why hasn't Hive achieved mega-status in the blockchain world?
The home of Web 3. The birthplace of true Play 2 Earn. A truly decentralized chain...Yet here we are, a stable coin at $1.
Jon....You are complaining about price???
Nah nah lol I'm glad Hive is still flying under the radar when it comes to price but what I keep asking myself is why hasn't Hive become the talk of the industry. As @taskmaster4450 says multiple times on our podcast, Hive is literally the blockchain Ethereum is trying to become.
So what is holding us back?
Honest to goodness...I'm looking for thoughts by the community on exactly what hold this place back from being a Top 50 token in the blockchain space.
Is it because we aren't based on Ethereum?
No layer 1 smart contracts?
Do truly decentralized blockchains scare the powers that be?
Flag wars of days past?
Maybe it's our 'Steem DNA'?
Are we still looked at as the 'blogging blockchain'?
What is holding Hive back?
I think it might be a combination of everything, but perhaps the biggest reason is because we went toe to toe against the crypto elite, we forked and won.
Maybe that's just me being a shill for this blockchain, but I cannot seem to explain it any other way.
All problems can be solved with more users and I do think we've improved that tremendously over the years. However when it comes to internet usage, we're still only a fraction of what other platforms have.
Again, I'm not complaining about price...At all. I love having Hive at affordable levels.
But when I see ads on CoinGecko about 'The Social Blockchain', and it points to some project with nothing but financial backing and no community...I shake my head.
When I here people yap about Web 3 all day, every day and never mention Hive...It's frustrating.
And when I see every lame Play2Earn rug pull get promoted and added to exchanges, yet Splinterlands and SPS is rarely mentioned...I wanna scream LOL
So Hive....
Let's see what you think!
What's holding us back?
But more importantly...What can we do, as a blockchain community, to help us become one of the most talked about projects in the crypto space?
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Ye, I was thinking that too. I am listening to all the important podcasts about play2earn and social media of web3 but noone knows or even talk about Hive and Splinterlands.
Maybe this ecosystem is, for now, too complicated to understand. You really need to be here for a couple of years before you understand its potential and the mechanics. The place is only for the smart, lol!!
Who knows... this is going to be great one day anyway, its just a matter of time 👌
It's crazy because I think you bring up a great point...They will say Hive is complicated but then turn around and use MetaMask like it's nothing lol Something is odd lol
Haha ye, something is really odd😆 I need to figure this out!
I still can't comprehend that I onboarded a few guys that come from an NFT project, it was done actually so that I could get him on the map on Hive, and a few other users in the server were interested as well. They signed up. That was it! I delegated some power for a few months, but nothing happened. After 10x I was done pushing and was like, well then keep paying these fees on ETH.
They mint their NFTs for sometimes hundreds a piece, but yet don't seem to be able to even try to look past the "it's complicated" while you just have to go and do it. I was there to help as well. Few days of my life wasted to get them going.
The thing is I know they see me posting about hive every day, and yet, not a single one will ask. It's annoying because I'm actually doing them a favor to introduce them here lol. I knew the artistic skills are off the charts and the artist would do great and find a following. But whatever...
Followers, follow. I think things like OpenSea and all the NFT projects on Ethereum have the most eye balls, so people just go to where the masses go?
I think so, the thing is their NFT project was something we followed from day one and failed first time, we kept supporting (boyfriend and myself) we knew his art is awesome. He asked me to help him market himself and the first thing I proposed was obv Hive (duh!) eventually they started to pick up the project and follow their own direction, it's still not relaunched and I seriously doubt it will work this time. He could have put the project on the map here easily, I think on ETH everything has their due date it's hyped and then slowly fades (exceptions are there) but I don't believe they can match up to that. On Hive they would have found a long term support group probably so even a failed launch would been a win as the art speaks for itself.
People are sleeping on Hive, but whatever. I will do my share once I'm in Spain, going to give workshops as soon as I see the opportunity and have a few connections :)
Hive is steering on a steady road! It's been too long to see it hitting the 10$ mark, eventually, it'll happen🙂.
#Listnerds
!ALIVE !LUV
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Here's hoping!!
I think what holds us back is that Hive is complicated. Most people created under Splinterlands probably don't even realize that they are using Hive and having a few more applications like them would probably increase users. If we do get increased users, it would then depend on the application because Splinterlands would auto-delegate out some HP if they run out of RCs.
I came from Listnerds.
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Yeah that's why I am putting a bet on SPT and Splintertalk. I think if they worked on that and built it up more, we'd see these players realizing they can be rewarded for talking about the game. That's a million plus potential accounts, using the blockchain and not just for the game.
problem number one: there's no stand-alone wallet where you can create account. it's always linked to a blog page or some app. you can't create a new account through hive keychain.
being able to create an account through hive keychain would be great. this would fix a lot of problems
problem number two: it sucks to be a reader on hive. sorting through posts is too messy for new users
problem number three: splinterlands new-user experience sucks
problem 1: I thought one of the witnesses created a standalone wallet a year ago or something? I'd have to dig it up.
problem 2: we are actually building a solution for that ;)
problem 3: it's a huge learning curve for sure. i know it took me quite sometime to actually figure things out.
ps: problem number four: hive isn't decentralized enough. whale abuse goes unpunished. it's hard to recommend hive to others when we've all been stepped on by shitty people or know someone who has gone through that crap
problem number five: hive's "THE COMMUNITY" (whale governance) doesn't WANT mass onboarding otherwise non-whales could get more out of the reward pool than they can control, which would endanger their position
problem number six: if for whatever reason hive becomes decentralized enough, it can get taken over by a single investor like it happened with steem
problem 4: i have seen the flag wars and drama here, but have never really experienced it first hand. I've either flown under the radar for 4 years or never rocked the boat too much lol
problem 5: it is interesting that a large number of top witnesses never seem to interact with the community as a whole. fear of losing influence maybe? not sure..
problem 6: it could, but to get a controlling stake you would have to buy so much that Hive price would we astronomical and then we'd all be rich because of it lol and then we'd fork again lol
there isn't enough liquidity for that. one would do like justin sun did with steem: buy power from someone (or multiple people) for less than it's worth on the market, still guaranteeing a much higher sum than the people would get if they sold it on the market
summary: hive's current state is as good as it gets, except for the reader and the splinterlands' new-player experiences... and how complicated it is to join a non-splinterlands hive app without already owning an account
So the question would be, why do people embrace MetaMask based applications with no issue which is light years more complicated than Hive, but seem to think Hive is the challenge?
people start playing league of legends, world of warcraft and call of duty because a lot of other people are already playing it
This is interesting. I don't need hive at $10. Just give me $5 hive that is like a stable coin anytime !
5 dollar Hive would be nice lol
It is difficult to understand at first, however when you are inside it is very easy. I think it is a chain that is in its infancy, let's think it was BTC after 2 years. Perhaps we are in too much of a hurry to grow.
I think this year will take a step forward.
That's important to remember as well...We think we are a 5 year old blockchain, but we only got rid of the shackles 2 years ago.
To talk about my experience, I didn't know about Hive at all before I played Rising Star, and I discovered Hive blogs through the giveaways of this game.
I was using Publish0x's blog which after all seems to me to be complementary to Hive's because it has the advantage of getting voting rewards without time limit.
Hive is much more complex to understand and the engagement required can discourage and make people flee to simpler solutions including for DEFI investment.
(Mail upvoted on Listnerds)
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Yeah Publish0X is just a sign up with username and password if I recall. Learning about account keys and permissions can be a huge hurdle for a lot of people.
Yes Hive is more difficult to approach I think that's a hindrance, not to mention the phishing attempts in some comments, but the reaction is quick to warn us of the scam.
Thanks for the tip 😀
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Okay, take my idea at face value as stupid as it may seem, but I do believe we might need to set up some money for advertisement for the blockchain. It sounds stupid, but we have been essentially promoting via our Twitter/Facebook accounts and without context, it looks the same as any tweet/post about "earn in crypto". We might need a Hive advertisement team in general.
Crazy thing is...We have the budget to do it and a fund designed specifically for helping Hive.
I actually had an idea that I decided it won't be worth it. I wanted to see if I could set a proposal for a very short film that, wouldn't even cost more than 2K to make, I had in mind and through it set Hive as the name behind it, like "A Hive.blog production. Another one is like a hive comic book, you know, stuff that requires more money to make and would be shown to the entire world. But, it seems when it comes to big ideas, they have to be Hive-related directly.
It's funny how we have the power to make a change in the world and can't/dodon't know how to use it, it seems.
The good thing is, I am seeing more people pointing out to the fact how it is not enough. Maybe in the future...
I think I already stumbled upon this kind of very flattering praise from CTT months ago. This is good though as our USP.
While in the accumulation stage, I am also satisfied that Hive remains unnoticed. But I understand that those who have been on this blockchain for years think differently.
As for the question, the thing that immediately comes to mind is the marketing consensus of the Hive community itself. I am not sure how many Hivers really want this good news to get out and how many just want to keep it to themselves. Perhaps, when a bigger number of accounts become either Minnow or Dolphin, we can see a change in terms of marketing activity. That's just my speculation.
Another thing is exposure. This is related to the first one of course, but what I mean by this is that though Splinterlands became popular last year, and LeoFinance and SPK Network are making breakthrough projects (also CTP with ListNerds), the exposure in terms of quantity is still not enough to reach mainstream awareness. I had my Hive account unintentionally. I wonder how many players out there have a similar case just like me. I think we need more of a Splinterlands like growth among Hive dApps.
One final thought. Isn't Hive too complicated for those who have been used to Web 2.0?
Oh, before I forget, by the way, I came here from ListNerds, and I am done with my voting task. 😂😆🤣
Splinterlands doesn't seem to really focus on Splintertalk, it's like the red headed step child of their business model.
I think if more players knew about it, it would help out a lot. That being said, Splinterlands has done a massive amount for Hive over the past few years. So we can't be too picky lol
Yes, I agree with it. I myself came to realize the importance of Splintertalk after 7 months of playing the game. 😆🤣
Thanks for the gift!
!PIZZA
ONBOARDING!
I think that's the main reason and should be the main focus.
All the things you listed are important as well, but I think none of that is any good if we don't have an easy to way to bring new people in.
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New users will always help raise awareness for sure!
I kind of feel duped by 3speak honestly in more ways than one.
It's being build on another blockchain with ties to hive as what feels like a secondary.
The mining tokens do nothing unless you run a node (pretty pointless for the 98% of other people who don't know how to setup a complicated node)
Some of the new games are also not being developed on hive. So the real question should be why are these places feeling like they need to develop on another chain besides hive? What's holding them back in terms of capabilities or why did they choose the options they did. Knowing those things could open up why more people are not developing on hive itself.
I think it's all layer 1 vs layer 2 stuff. Not sure the dev team plans to focus on layer 1 capabilities for what is being built, so a lot of stuff is being built on a secondary layer. I could be mistaken though, you know my technical knowledge lol
The lack of smart contract capability is certainly an issue. Plus I think the fact the onboarding is rather tough.
That said, I am confident that will change in the future. Some of the projects you mentioned here are going to hit the "airwaves" with some marketing budgets.
#ProjectBlank will bring in tens of thousands of users to Hive.
The mythical creature Project Blank!!! It will come alive soon :)
I believe what is holding back hive isn't the fact that hive is the problem. What I want to say is that the mindset of most people that deal with crypto isn't an entrepreneur mindset. People want to earn money quickly and better if they don't have to do anything for it. So they follow what others preach, they buy NFT's on opensea because that's what the influencers do. If you want to succeed on hive, you need another mindset. You need to put in some hard work to understand how it works and to have some success.
I believe it's only once people come to crypto to really earn money (not get rich quickly) that hive will be successful...
Yeah the 'get rich in a minute' mentality, which is very rampant in crypto too. They hear of the price explosions and wanna jump on the train.
Hey, Jongo! I am too new at this to really give any input, but I DID come from #ListNerds
Not sure if I'm right, I have the feeling that a lot of people in crypto still look a bit down on Hive. In their eyes it is a portal to get into crypto, and once you understand the game of crypto, you go to the big boys like Bitcoin, Eth and Defi.
After all, Hive is a blogging blockchain according to them. And oh yes, you can play some games there. They don't want to know that Hive is now much more, because then they have to admit they are wrong about a project in which they had already given up confidence.
For people new to crypto Hive is complicated to learn. And most people don't want to spend much time learning with almost zero rewards.
Yeah I see the issue being, it looks like an uphill battle...Until you learn about the layer 2 projects. Then it's pretty easy to tap into a passionate community and grow on that.
Getting them to that point though, a challenge..
Lol, that's a great question! I was thinking when I was writing the post today that HIVE acts as if it's pegged to USD too lately.
I think when we will have a deep liquidity pool on Polygon for HIVE (and HBD), things will change.
People really love Polygon huh? I don't know much about it, other than PolyCub lol Then again, my blessing and curse is being so focused on hive.
I don't particularly love Polygon. But the liquidity on Polygon is definitely much higher than we have in our ecosystem, and an influx of funds on Polygon in a HIVE-based liquidity would probably fuel the price of HIVE as well.
My personal belief on this subject and it is not negative, it is I believe an opportunity to turn a situation into one giant positive. When we make some players positive on Hive. I am, or was a big price watcher. I seem time and again when an influx or buyers showed up and drove volume. Usually when volume goes through the roof people want to buy, yes I know sometimes it is dumping and picking up deals. But time after time when you see the volume coming to Hive, the price jump 20 cents then drop 25 cents you know what is happening. The non dedicated Hivers, the day traders wake up and start dumping for a profit, usually small, they make their money on volume.
All they have to do is keep their sell orders at a higher price. When people want and need Hive, for things like Splinterlands, they are going to buy.
I totally believe Hive should be a minimum of $5.00 by now. It did not hot 3 for no reason.
Yes a lot of your points I believe. But also had to share what I have seen. Many times.
I am 💯 percent positive on Hive. The price and the world will catch up to what we all know 😉
Bradley
!BBH
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Yeah the price can be such a misleading stat for something like Hive, still people are glued to it like white on rice.
We still see all the development happening and the passionate community, but rarely are we mentioned outside of our own circle.
We will be. I have no doubt.
Because this is such an awesome post, here is a BBH Tip for you.
. Keep up the fantastic work
Saw the question on Listnerds. Hmmm. The problem may be that people like to follow, not lead. And they follow crowds. And HIVE is not crowded yet. Time will tell if this works to our advantage. We have time to scale and develop. Would be nice to get warmer, but not so hot we crash and burn.
That's just it, it's not crowded yet. Such a huge opportunity for everyone to stake their claim!
I honestly think it's because we are a truly decentralised, community driven project.
We don't have the VC money, media contacts and rep that helps competing projects go to the next level.
Yep, our biggest long term strength is our biggest short term weakness.
Key words being: Short term.
Keep stacking :)
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Great points, no 'Elon Musk' here to pump our bags, so we need to do it ourselves.
Wonder if a few 'influencers' would help spread the word. One of the largest crypto creators out there, got their start on this blockchain and now never mentions this place...Wonder what it would take to bring that back?
I think the problem has been and remains the issue.
Not enough awareness.
Also I think people are a little afraid of cryptos in general.
Not sure what the answer is
Awareness is something we can all do. Raising it every where we go!
Okay here is my 2 cents worth. Outside promotion and advertising. 2. branding, 3. slogan. Getting on the news with what is happening. Press releases just to name a few.
And we have the tool to do it, the DHF.
But these are just mere weaknesses, Hive is like Japan; an island, very different from the world, nobody truly understand them if you don't visit or live there (I love Hive and Japan 😀)
That's a fantastic onboarding formula....It really should be super simple like that!
I observed that during the STEEM days, it became sort of a club. Flag wars, internal bickering, drama... then Justin Sun. Hive was meant to "purify" STEEM into a new thing, without the drama. But the legacy seems to linger, people look at hive and say "Oh, that's Steemit, but red." I wish I had a better comeback from that line. I could mention leofinance, or Splinterlands or NFT, but in the end I have to admit they're right.
So what to do about it? Keep posting, keep tweeting posts, keep talking about it. Eventually we'll see HIVE on coinbase? Maybe on uphold? With enough BUZZ, maybe it'll happen, even if it hasn't happened in years and years.
HIVE should be at least $1000 by now and will be someday. Anything earned or bought now for a buck is an extremely good deal.
Grateful finding this post on ListNerds!
Yeah a lot has changed, but the old guard is still in place here. And there are some that hate the layer 2 solutions on hive and want to keep it layer 1 only.
But we're growing. We need to embrace all the change!
I believe that part of the problem is that a lot of people just aren't into passive income, they all want to get rich over night and since hive doesn't meet that idea, they turn the other way.
Besides, if it ain't BTC or worth at least $1,000 they think it's crap. They don't care about community & use case like most of us on hive.
!pizza
As other comments already said, Hive is difficult to start with.
Resources Credit. Hive Power. Voting Power. HBD. Second Layer Tokens. Tribes. SWAP.Hive. Staking and Unstaking. Delegation.
It's all convoluted. People receive random tokens on their wallets and don't even know where they came from. Newbies try to post something and find out that they ran out of Resource Credit. You buy Hive on your favorite dex and don't understand why it isn't on your Hive Wallet automatically, what the hell is a SWAP? Then there's people writing random stuff like PIZZA and LUV and receiving free money? What?
Hive is wonderful. Instant transaction. Feeless. Great community. But, by the good Gods, it's a hell of a journey to understand what's going on.
Example: a person finds about Splinterlands and that he can write on Splintertalk to earn crypto and exchange them for in-game assets. Just by doing this, he'll be exposed to almost 10 different assets (Credits, DEC, SPS, SPT, Hive, HBD, Hive Power, swap.hive). It's difficult.