You are viewing a single comment's thread from:

RE: Wen Utility? Hive Community Tokens

in LeoFinance2 years ago (edited)

You made some good points. Right now its a bear market and that's the time projects should be working even harder to add value for when the bull market comes. There's also talk about new cryptocurrency regulations and some may hold back on launching something radical until there is more certainty about what regulations will and won't allow.

Fundamentally all of the Hive-Engine tokens depend on the Hive blockchain. Tokens can be used by applications on the blockchain.



Image Source: https://chat.openai.com/chat
I think the main point I can make is to quote William Gibson, "The future is already here – it's just not evenly distributed." That's rather apt considering how decentralized the Hive platform is. There are probably several different projects being worked on right now independently that will be spliced together in the future. @blocktrades is working on the Hive Application Framework for developers. Developing is hard but AI like ChatGPT can be used to generate decent code for people who can't code and that AI will only get better at writing code with further iterations.

I am learning to code because I have some ideas I want to try to add to the Hive platform. I am sure as the price of Hive token increases there will be more incentive for developers who already have the talent to add to the Hive platform.

Keep in mind that Hive is still adapting. Since most people aren't developers the main new features come through the Hive-Engine team. Things like the Hive token diesel pools, smart contracts, and NFTs. For some things to work on the second layer new code needs to be added to the first layer which requires a hardfork. Even if there is a new Hive-engine feature ready today it might be months before another hardfork and it wound need the consensus of the Hive Witnesses generating the new blocks.

There are pools that don't have enough liquidity but that is an economic issue rather than technological. The coming bull market may solve most of the liquidity problems.