In this video I answer a question posed to be about my view on Bitcoin as compared to Hive.
Here I discuss this, not from a market perspective but technical. I have no idea what markets will do and how it will value anything in the future. However, when I look at the progress into the digital world, and I see the capabilities of Hive, that is where I believe the potentiality resides.
▶️ 3Speak
I agree. BTC can be digital gold and I don't dispute the fact that BTC could shoot up to insane prices but Hive is better when it comes to getting the transactions done at a cheap price. This makes it ideal for applications.
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The video discusses a question posed to Task about whether Bitcoin is superior to HOT. Task responds with an insightful comparison between Bitcoin and Hive, focusing on their respective strengths and weaknesses. He emphasizes that while Bitcoin has name recognition and scarcity, Hive surpasses Bitcoin in terms of being a network for transactions. Task highlights Hive's speed, scalability, and irreversibility of transactions, making it a superior payment system compared to Bitcoin. Furthermore, he delves into Hive's additional capabilities as a decentralized text database and its potential for integrating social media and finance, which he believes Bitcoin lacks. Task also touches on the utility and development potential of Hive's ecosystem, pointing out fee-less transactions as a significant advantage of Hive over other platforms.
In this detailed analysis, Task delves deep into the comparison between Bitcoin and Hive. He clarifies that while he doesn't predict market prices, he acknowledges Bitcoin's status and potential as digital gold. However, Task emphasizes Hive's superiority as a network for transactions due to its speed, scalability, and irreversibility of transactions. He further explains Hive's ability as a decentralized text database and its potential for integration with social media and finance, showcasing its versatility compared to Bitcoin. Task also discusses the development potential of Hive's ecosystem and the significance of fee-less transactions, positioning Hive as a strong contender in the blockchain space.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.