HIVE is dead, long live HIVE dapps
Yes, i went with that title. 😂
I just wanted to say that im slowly picking up excitement again for things related to HIVE. "RELATED" is an important word here. Ive pretty much given up on HIVE as having any kind of future beyond simply providing a base that LeoFinance, Splinterlands and 3speak, the 3 dapps with the best potential future, will marginally use.
HIVE is stuck in the mud and i see nothing bright in its future. If i had to guess, even frontends like Peakd will slowly dissociate themselves from the stupid content placement algorithm imposed by defect Steem ideology, and do their own thing.
Not until Blocktrades takes the reins will anything more or significant come from HIVE.
Imo, this is as far as HIVE goes.
Sure, the market could pull us back up with the rest of the alts but id say that HIVE is more or less creatively bankrupt and doesnt offer much in terms of competitive ideas, hype potential or innovation on any front. The underlying tech is sound but thats it.
BUT...
There is still hope in HIVE dapps. @splinterlands didnt have to drop STEEM. They could have made a deal with Justin Sun and he would have probably payed them nicely to stick around. They moved to HIVE. Was it nostalgia? Was it a sense of righteousness? Who can say.
But theyre here and theyre going places.
LEO is doing good, i talked about that plenty. :)
3speak will launch their own token. The reason im hyped for @threespeak is because i feel that @theycallmedan (and his team), that has almost a cultish following around him, will do so much better with a cryptocurrency of his own, having more control, then he ever could with HIVE. People trust him and he has what id call an intoxicating level of enthusiasm and drive. I often dont share that enthusiasm, but i do see why its attractive to many people.
Look, i know all of you peddle the idea of decentralization and communal contribution, or whatever. And thats all fine and dandy. Decentralization is good at some level, its good for some things, its good in moderation and knowing where it fits and where it doesnt.
BUT...
They can all say whatever they want but none of these people, not Aggroed, not Khaleelkazi, not Matt would have ever, nor did they ever, approach HIVE or STEEM with the same determination, same love for the project, same level of commitment, same work ethic as they do their own projects they created and are heading.
And that is to be expected. Its their own. Their "baby".
Thats why HIVE dapps have a strong future and i feel HIVE wont achieve much of anything. There is no one leading the pack. All you have is a dilution of responsibility with the guy that should be in charge not wanting to be, in order to stubbornly uphold this dumb narrative of absolute decentralization..
If not him, who?
Many of the other witnesses, whales, orcas.... are ex bot owners and/or bot delegators that are now morally grandstanding on the carcass of STEEM when they were in fact STEEMS undertaker.
Long before Justin Sun came along they were parasites that leeched from the platform, diminishing the trust in the platform for users and investors and making STEEM look like a bot ridden hellhole for their short term profits.
Did we all forget that?
Thats whose left. Those guys.
Nah...
I dont trust any of them one bit to deliver anything outside leech the reward pool and bitch about other whales curation sniping them.
What i trust is people with drive, a mission and strong ideals.
Guys like i mentioned above.
Thats why...
Long live HIVE dapps.
https://twitter.com/Lordbutterfly/status/1327753860329463808
Hive is the basis of everything. When enough DApps like this are developed, the more greater the inevitability of the HIVE token appreciating.
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I dont see those two things interlinked. Id sooner say that those using the dapps will never even know theyre built on HIVE.
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How many people know what cloud platform they are on when using applications? Do people know if they are on AWS or Rackspace?
I fail to see how you can believe they are not interlinked. Where does all the Leofinance activity get posted to?
Also, do you think a year from now, most will know that using DeFi applications that they are on Ethereum?
All technology based blockchains will end up in the background.
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Thats my point.
Easy. Splinterlands is the most popular dapp in crypto and that has almost no effect on HIVE price. You need a developed business model to give value to the HIVE token. All you have now is inflation diluting the value on a few frontends.
Does the end user know that? With the login and wallet he might as well guess that its built on Ethereum.
Using LEO, would you not say that the user or investor would prefer the LEO token rather than the HIVE token? The token they actually earn, see, know about and where the hype is?
I dont think thats true. If you keep the base blockchain out of sight the token price goes to 0. You need the token to attract interest to fund develpoment, DAO, pay for witnesses, etc. Otherwise theres really no reason for it to exist. The layer 2 can break off, use the open source code to create their own chain that will retain interest and hype.
The DApp owners and large stakeholders will inevitably have to purchase stake in Hive in order to have a say in the governance of it.
There are only a few successfull DApps on Hive at this point. But what if there are 10, 100 or a 1000 of them at some point?
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With the way resource credits work, if there are 3 or 5 we might find that a lot of the Hive is eaten up.
At some point, it could end up being a problem.
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Well resource credits could be a thing. That is true. You could develop a business model around them. But they need tweaking and increasing their requirement 10 fold.
2 problems there:
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Without a doubt, this is a major problem. In fact, I dont see that just for Hive but cryptocurrency in general. Ease of use is something that I rarely see discussed but it is vital to mass adoption. When the Internet was "techy", few were using it.
This is true, especially those who are in tight circle of influencers. Alas, this is where PoS answers the call, it all comes down to stake. My hypothesis is that things will change with the first couple breakthroughs on the second layer. That will create new wealth centers on Hive but outside of HIVE. It will provide people with the resources to get involved in governance in a way not seen before.
Suddenly, instead of, say, 50 influencers, there will be a couple hundred. If those individuals (and applications) start powering up, you know where the impact will be. We then see a shifting of the "power" base.
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Will they? They surely dont have to.
In many other blockchains the second layer is secured by the base layer. On HIVE that is not the case.
If you wanted to secure your project it would be far wiser to just be friends with Agrroed and Matt and pray they look left and right every time they cross the street so they dont get hit by a car, HIVE ENGINE shuts down and your project is left hanging.
What if HIVE flips BITCOIN? What if HIVE is a world currency on par with the US dollar.
Anything can happen after a "what if". ;)
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Doesnt seem to affect Ethereum.
They might prefer LEO to Hive but they need HIVE to engage on the Hive blockchain. Someone has to put up the resource credits to operate. So every user on Leofinance, 3speak, and Splinterlands needs some Hive to operate. On the former two, it is a lot more than Splinterlands since that deals in Custom Jsons.
They could but how many applications have the ability to not only create their own chain but keep it secure. At the same time, how do they develop upgrades to their chain while also having to develop their application.
Notice the problems that Ethereum had with the blockchain forking this week and they have some of the sharpest blockchain minds around. For some reason, people think this stuff is easy.
It is impossible for Hive to go to zero if there is any activity at all. Since every action on china requires some Hive, there is a built in need for it. Hive is fee-less but it is not free.
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You need ETH to use Ethereum. Theres always buying pressure. Ive already spent hundreds of dollars just to use the network.
Look at my prior answer where you mentioned resource credits.
Give a project enough hype and money and anything is possible. Even moving chains is possible as weve seen DLIVE do easily for LINO, APPICS left STEEM for TELOS the other day. DTUBE created their own chain, Avalon, and Dtube team is like 3 guys.
All those are ex STEEM dapps. Id say its not that difficult.
In many other blockchains the second layer is secured by the base layer. On HIVE that is not the case.
If you wanted to secure your project it would be far wiser to just be friends with Agrroed and Matt and pray they look left and right every time they cross the street so they dont get hit by a car, HIVE ENGINE shuts down and your project is left hanging.
That might be true. Thats the test though, how low can the price go that the successful dapps would be willing to secure the base layer out of their pocket because i dont think many witnesses would stick around and waste their money.
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And we need HP to transact on Hive. It is masked differently but the same premise holds. Hive does not have it charged on a per transaction basis.
Sure it is possible but what did it do? How decentralized is the chain that Dtube is on? Where are their points of vulnerability? EOS was suppose to be the best thing since sliced bread yet that chain has failed to magically transform the world. In fact, Telos has surpassed it on many levels yet is still far from mainstream.
This is true. HE is a point of contention for many. I presume this is why there is the sudden push to decentralize it (I think that came from Dan). Too many do not like depending upon just Aggroed and his team (although I dont think Matt does a lot of development for HE, he is more spliterlands; others are handling the exchange).
HE might be complemented by something that blocktrades, I think is working on, a smart contract server system. If that is implemented, we could see things spreading out rather quickly.
If that is the case, so be it. There are a few witnesses we know arent going anywhere who have the ability to operate the chain. If a percentage left, that would open the door for others to step in.
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I think what you are beginning to see, are these dapp / business and community leaders becoming the new 'force' on the blockchain.
They are busy building while a large chunk of the old guard here have either left for green pastures, or just cashed out.
Is Hive perfect? Not by a long shot. But I think we are trending in the right direction for development and projects being born on the blockchain.
I think the dapps are trending in an exciting direction. Im not seeing that translate to HIVE.
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The dream is still alive,...!!
A few bits of this post are not going to age well. :D
Kinda reminds me of the Ethereum ICO days when everyone said that ERC-20 tokens were the shiny new thing and ETH was going to become worthless. How did that turn out again?
I'm going to circle back to this one in a year.
Ready to eat these words?
Fair warning: they're sour.
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haha. I dont think ill have to.
Id hardly say we can compare with ETH. ERC20s were a new innovation that hit the wider market and to use the network you had to buy eth. Not to mention that you needed eth to participate in most ICOs.
Thats not the case with HIVE and i see no indication that HIVE can replicate that success. EOS couldnt and by many factors EOS is an improved HIVE, tech wise.
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I think you are kind of missing the point that Hive is the core all the DAPS are built on. Hive as crypto investment isn't looking great at the moment but Hive as a platform is kicking ass and taking names. That said, I'm all in on Leo finance at the moment.
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Thats nice to hear and that is in fact true. But why does that matter for the price, for hype around HIVE, for positioning itself alongside ETH, EOS, etc?
Splinterlands is the biggest dapp in crypto for a while now and most people see it as blockchain agnostic.
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This isn't really news. One of the big reasons I got into hive-ecosystem was because of its dApp potential. IMO the focus on generic blogging frontends for far too long was limiting then Steem and now Hive. It's taken some culture shifts around short content and different kinds of content but it's great to see so many projects trying to build something tailored to their audiences and a few already showing great success.
We just need one to break out of the bubble of obscurity and many other will follow through that hole they made. :)
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Yep, I'm taking a few months off work, but am considering a few different dApp ideas and might select one to pursue. Eco-system wide at this stage it's basically a numbers game; most dApps will fail, but we should encourage many to start because a few will make it.
LEO will pump hive
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Leo will pump Leo
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https://twitter.com/phoneinf/status/1331537174550999040