There is a lot happening in the cryptocurrency space. Unfortunately for many, it seems like Hive is overlooked in all of this.
Here is something that we need to start out with: this is a marathon, not a sprint.
It is easy to believe what we see in 2021 is how it will be in 5 or 10 years. That is not the case. For those old enough to remember, there was a time when the Internet world was dominated by Prodigy and CompuServe. After that it was AOL. Where are those companies today?
Things has a way of taking many strange as well as varied turns. Those with foresight, agility, and dedication can often "come from nowhere" to completely change the outlook of things.
Here are some of the reasons why I am bullish on Hive long-term.
Hive Application Framework
This is something that gets a bit of attention but after our conversation with @blocktrades, it is evident this is a huge deal.
Ease of use is vital. This is something we discussed for years in the cryptocurrency industry. It was applied, however, to the user experience. Few of us took the time to consider the lack of friendliness of blockchain to developers.
The Hive Application Framework addresses this. It suddenly opens up application creation to any developer out there. No longer will these individuals have to know blockchain or how manage it. This eliminates the need to understands C++ or Solidity.
Under this situation, all blockchain changes are handled by the experts and fed into the HAF. That is constantly updated so that application teams only need to focus upon integrating into that. They do not have to be concerned that a change at the base layer will disrupt their application. Instead, they can know that whatever is coming out of the HAF will have all the modifications.
We are also going to see flexibility in what data is pulled from the HAF. Developers will be able to configure the tables exactly how they want instead of being subject to what the blockchain is coded to deliver.
As it was explained, essentially if a developer knows how to interact with databases (which they all do), then he or she can utilize HAF.
This is a layer that is novel in the blockchain world. It will make Hive one of the easiest to develop upon.
Applications
Here we could have split this up into many different sections. Nevertheless, we will put it all under one umbrella.
We see a lot of development on a blockchain like Ethereum. At the same time, we know there are other chains that get a lot of hype and attention. That said, what is really being done on them?
There are a number of applications that can really make a huge impact upon the industry as a whole. We are already seeing @splinterlands forging ahead, becoming one of the top games in the Play2Earn category. They recently did an upgrade to ensure greater scaling in the future.
Just to give us an idea of how things are moving, here is a chart from @penguinpablo's daily report:
That is a 10x in the number of daily sign ups in a month. We see the numbers go from a few hundred a day to 3K-5K. Now we are seeing a jump from there.
But this is not the only fish in the pond as they say.
There are two others that I want to highlight that we are all familiar with.
SpkNetwork by @threespeak and ProjectBlank from @leofinance are projects worthy of mention.
The first is looking to build a platform that ties into Hive in a way previously unseen. While most concentrate on the decentralized video storage, we are seeing an ecosystem of DeFi, NFTs, image hosting along with liquidity pools. The most exciting part is the Service Infrastructure Pools (SIP). This should excite everyone who is holding any Hive. Here is a pool where all tokens are paired with Hive. Anything purchased, either miners or advertising, will require the use of Hive.
What is truly revolutionary is that the Hive will be locked up, effectively taking it out of circulation, while also using it to generate cashflow over the long term.
If this protocol becomes successful, a lot of Hive will be locked away.
Jack Dorsey is making headlines with his talk about Bluesky and decentralized social media. This is something he mentioned a couple years ago and now finally named someone to lead the project.
It is obvious Jack thinks rather highly of Hive. Anyone who is active on Twitter promoting the applications on here realizes this. It appears there are shadowbans for many of us. To me, that would seem like Jack knows this could botch up his plans.
Enter #ProjectBlank.
This is an application that was developed, then scraped due to technical issues. For that reason, entirely new infrastructure is being written to bring it to light.
What is ProjectBlank? Think Twitter on the Blockchain.
It will bring microblogging to Hive in a way that mirrors what people are accustomed to on Twitter. The major difference is that there are no shadowbans, accounts cannot be closed, nor can people be censored. In other words, all aspects of blockchain that we promote as benefits will be integrated.
This is something that I am sure Jack's system will not have.
Many were excited about this project and see the potential. The key is getting it out. Alas, development takes many turns. Nevertheless, we were assured this one would be rolled out before the end of the year. Before that happens, a couple other pieces need to be implemented first.
There are many other things in the works, especially in the area of gaming. All of this is providing the future users of Hive with a lot of options.
Community
This is, of course, something that gets overused. Every blockchain talks about its wonderful community.
The difference is that in Hive's case, we know where many here stand. The situation early last year split the existing community. Those that are dedicated and working hard on Hive formed a powerful bond. We might squabble with each other but God help you if you attack us. The ability to set our differences aside and unite is already on record.
Being an underdog also has advantages especially when that mindset is ingrained in people. People on Hive know we are not the most publicized blockchain. Nor do we have the most money. Thus, we realize that our successes is going to come from scratching and clawing.
Fortunately, there are thousands here showing up each day doing the little things to move forward. We have people working on SEO to help draw in organic traffic. There are ones who are all over social media in spite of being targeted, getting the word out. Many are commenting and providing content that will appeal to outside readers. Still others are developing applications or project that only enhance the overall offering of the ecosystem.
Certainly there are people elsewhere who are doing similar things. However, it appears that many on Hive did truly adopt the ownership mindset. They truly feel a responsibility for the direction we are heading in. This means each of us doing our part.
Sure it is easy to point to the whales leading the way. Yet, here we see this mindset in people who have much smaller stake. They, too, adopted the same premise.
For this effort, many in the community are being rewarded. We have people who showed up here with nothing but a keyboard and a smile. Today, because of their active support of, say, a @splinterlands, they are finding their financial futures radically altered.
How many other ecosystems can make this claim? If one has resources, there are plenty of options. Yet, for the person with nothing to start, outside of Hive, the choices are a lot more limited.
A big piece of this is the fact that the community truly only gained control 17 months ago. While there is the legacy from the genesis block, the community spent years watching a lot of tail-chasing. That does not happen anymore. Throughout the entire system, new things are being rolled out and progress is being made. For now, a lot of it appears incremental to the user but much progress was made from the infrastructure perspective.
I have the image of "Vision 2025" at the end of my posts. This is a reminder to keep the long-term view. As stated, it is a marathon, not a sprint.
Naturally, there is a lot more taking place on Hive right now. What are your thoughts? Share with us the things that make you bullish on Hive. Put it in the comment section below.
All of this is my personal opinion and not financial advice. Always do your own research in financial matters.
If you found this article informative, please give an upvote and rehive.
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What is there NOT to be bullish on in Hive?!! Ethereum and Bitcoin are still trying to scale almost 10 years after it was recognized as an issue. Hive has solved this. Building applications to use on your blockchain? Bitcoin can barely do it at all and Ethereum is still very complicated, as evidenced by the hacks that keep happening to the smart contracts built on it. Fees are and can be enormous on either of those blockchains. Hive is virtually free.
Where development on Ethereum is almost cost-prohibitive with their current fee structure, Hive is making it easier, safer, and far, far cheaper to build here. The play2earn games being built here far outpace the competition as far as being easy and economical to get started playing. Splinterlands is absolutely killing it and there are at least three more games being developed, all of which will allow users to enter and participate with barely any upfront capital invested. Can Axie Infinity say that? Obviously not.
Defi is available, far safer than most platforms out there, and continuing to build out here on Hive via diesel-pools and CUBdefi.com. Incredible returns with known developers at their helms who are and have been long-term members of this community. And the opportunities in this space are at their infancy. Once they get going, the sky could virtually be the limit.
Throw in 3Spk, ProjectBlank, and a few other projects under development and it's hard to even wrap your mind around all the potential brewing just under the surface right now.
All this on the most decentralized, most international community in blockchain, outside of maybe Bitcoin and Ethereum.
Oh yeah, and you can just earn by showing up every day, commenting, and voting. Seriously, what is there NOT to like about Hive right now?!?
And it's less than 50 cents right now. Get some!
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LOL I should have let you write the post.
I would be interested in knowing what the 3 games that are under development are. I know Marky is making one that, knowing him, will blow us away.
What are some others?
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I was talking about Exode, Marky's game, and Rising Star/Rabona, none of which are "complete" at this point as far as I can tell. I was on a roll. I try not to let details get in the way of a good rant. :-)
I just don't have the time right now. All my employees are headed back to school so even though business is in a little bit of a lull for the next month or so, I have to now do the work as well. Much easier to write comments. I don't have to do pictures and headers and stuff. :-) I'm obviously not getting 100 LEO at a time doing it this way but I keep chipping away with votes and comments....it all adds up. Plus by working, I can actually afford to buy a little here and there...
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Comments add a great deal to engagement so they are always appreciated.
EXODE is one I am high on. That will take a couple years but it is a great thing in the making.
I dont follow the other two closely but they are gaining in popularity it seems.
We also have @dcrop. I saw a couple posts on that one.
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Great article, this was definitely needed to remind us and people having doubts on Hive that we are progressing. We just need to enjoy the ride.
It is easy to overlook what is taking place.
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Exactly, because humans lack patience and fail to enjoy the process.
We are really bad now in the instant gratification age. Nevertheless, we will have to be patient because development simply takes time.
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That's because most people's measure of progress is price. Seriously, if you look below the surface and consider the financial energy being amassed behind the scenes, it's almost scary. Look what Splinterlands is doing if you want an example. Three years of building and then all of a sudden cards that were selling for $5-$10 are in the thousands. THAT'S what's coming for Hive at some point. True price discovery. Right now it's just cheap. At some point it's going to start boiling over and people are going to start looking into what it should actually be worth. IMO, it's at least a $20 blockchain. At least. A few more "hits" with games, apps, layer 2's, etc. and it could be worth far more than that.
Right now it's less than 50 cents. People dream about the 10x's, 100x's, 1000x's, well there's a legitimate chance we have one right here. And you can earn it for FREE by commenting and voting.
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I agree with you. It is starting us in the face. Most people cannot see what is before them.
Hive has a tremendous amount of development taking place. What is interesting is the Hive Application Framework could really kick it into overdrive.
For me, I am so looking forward to SpkNetwork and the SIP. Can you imagine the amount of Hive that will end up in there?
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Yes, I have no idea but a LOT. Let's face it, there will have to be literally millions of HIVE bought up for the price to really take off. So many people have been sitting on it for so long that there will be a lot of selling on the way up. But once that is worked through (and locking it up in the aforementioned apps will help) this place is poised for an explosion. I also can't wait for a couple of these new things to arrive. I've only been back for 8 months and it feels like I've been waiting years. I can't even imagine how antsy you must be getting... :-)
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Millions can get gobbled up quickly. The SpkNetwork will draw in a lot of Hive simply be people purchasing miners. People will want more than is dropped to them.
Also, we are seeing the RC being eaten up. This is what @splinterlands is experiencing.
4 or 5 applications like Splinterlands will send things flying.
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When I saw the numbers Splinterlands was generating I tried to imagine the future growth of Hive but it is hard to comprehend. People are still sleeping on fundamentals and a lot of them don't even understand them.
Hive requires some deep digging but once you understand it you have to start accumulating. Only project with limitless potential imo.
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Fundamentals bore people it seems. cryptocurrency is about hype. However, development is crucial.
Hive has a lot going for it that is not readily evident at first glance. It is not one big things although @splinterlands is making a lot of waves.
Instead, there are a lot of little changes taking place such as HBD that could really be a force in the future.
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Each of these make the perfect "soup" for success.
Community is extremely powerful and is one of your biggest free assets to promoting new launches. It does far more than what you could ever do / pay for on your own.
I really liked hearing the team will be working on making it so it's even easier for other applications to build on top of hive with some updates they are working on. New applications and uses cases are important it's what made Ethereum so strong compared to the now hundreds of competitors and I seriously can't wait to hopefully have two additions to this project blank and SpkNetwork. This was part of the reason I recently made the move to start doing this full time as I know those two applications alone will take up a good amount of my time. Excited for the future.
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Blocktrades idea of the HAF is revolutionary. It is making development a lot easier while also pushing for programming languages that are proven over the decades.
When they roll out a smart contract layer, it will not be using Solidity.
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As always, great article. Good read, thank you 🙏
Hive is not just a blockchain but a thriving community that is building great things. Best for all kinds of developers, creators & investors. ✌
For a second I wonder what's next and a new thing pops up. There's so much going on. Best time to get into the ecosystem.
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Well we do need to get some things to roll out before the "next thing". We are obviously talking about futuristic development so it is not usable applications or protocols yet.
Hopefully a lot of this will become clearer in the next 90 days.
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We will be in a much better position in 90 days!
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I believe you will be right.
The question is will we be marginally better or much better?
Time will tell on that one. We have to watch what rolls out.
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super excited for all the projects! I think it is pretty obvious how much potential this chain holds simply by seeing all of this development. 2025 indeed! :)
by the way I asked this before, but are there any updates for Project Blank?
It's a completely new project built from scratch, not a fork, not a copy, with a new concept nobody have tried yet, so the coding is very difficult and painstakingly slow. That's why it's scheduled to be rolled out by the end of the year, but knowing how the writting of code works, don't be surprised if it's delayed until some time in 2022. Khal wants to keep everything secret, so that's the reason nobody knows exactly what they are doing.
I see, okay so it's bigger than I thought!
It will be a fork of the mobile application so that will be the barometer. If that keeps getting pushed back, then your forecast will be proven correct.
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By the end of the year is all we are told.
The mobile application needs to be finished first since that is the software they will fork to create #ProjectBlank.
So watch the development and updates on the mobile app-that is first on the agenda.
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great thanks!
It might be slow at first, but over time this could have the effect of pulling liquid Hive off of the exchanges, potentially at an accelerating rate.
Yeah. We are seeing a bit of that right now. Not sure what the reason was other than maybe a lot of people finding other use cases for it onchain.
It was small, maybe 5%, but a start.
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I've been stacking more Hive lately because I can double airdrop points for DEC if it's in a liquidity pool, so I pair those two. Others in my guild are doing it, too. I imagine it's all of us. :D
Wait! There's a Hive/DEC LP?!? Where?
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Tribaldex.com
How do you paid Hive and DEC?
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I don’t understand the question.
I’ve been liquidating raffle winnings for hive, swapping for DEC and adding liquidity on tribaldex.
Ah okay. I was thinking there was a Hive-DEC pool.
Sorry for the confusion.
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There is a Hive:DEC pool on rtribal dex. That's how I swap so cheap. :D Day before yestereay I was getting it for .1% for under $200 swaps.
EDIT to add: I think I get the confusion now. There aren't rewards for adding liquidity yet afaik. The boon for me is the x2 airdrop points for having the DEC in a pool.
I’d love to see Jack Dorsey become irrelevant and have nothing to offer people. I’ve only been here for a month and I’m reminded of the 90s internet in terms of creativity and promise.
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Yes that is true. It would be great to breakthrough and harm one serious tech project. Twitter is the most vulnerable of the mega social media players.
We will see how quickly it can happen.
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I'm super excited about what users can create in Hive, at any moment a new superapp can come out that makes Hive more recognizable.
Or one that is already here starts to get a lot of attention like @splinterlands.
We are on the brink of some massive growth opportunities I believe.
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We are really on the ground floor and the elevator could go UP big time at any moment.
I agree. This is truly an early stage opportunity.
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Good thing for me that I don´t have to powerdown my stake once again, and that I finally can grow it bit by bit. But uhm, EXODE? I never even looked at that ... I feel a new research coming up right now.
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https://exodegame.com/
Also you can follow @elindos for more updates.
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Thanks, will check it out!
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Hive is great because the transaction fees are minimal if you have HP. Resource credits recover over time and it makes setting up everything much easier. I think its noticeable to the developers as I see quite a few games or applications take off. Of course we don't know how well they will do but Rising Star is now over 1k active weekly users by itself.
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That is the fee-less part. You buy the HP once and can keep using it. Other blockchains the fees each it all up.
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Is good to hold HIVE now because I'm seeing more of it in future.Dont look at it now, just be looking at it in Future.Hive have More potential to know like BTC in future.
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Beautiful this post ... your posts are always very intelligent. Actually, in a few years, it could happen to HIVE, what happened to SPLINTERLANDS. Splinternads has always been the best game on the blockchain, but this was only recognized at the end of the marathon, that is, a few weeks ago.
@splinterlands success simply feeds into what is happening on Hive. I view it that all the success of Splinterlands is helping each Hive holder.
We just need a few more projects to break through like Splinterlands.
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thanks for this answer, I saw TERRIVE, I'm trying it, it is one of those applications that can be considered as a missing piece of the HIVE ecosystem. TERRIVE is an application that can replace the old APPICS. With that application working, the HIVE ecosystem would be one of the best in the world
I agree it can be. That is something that would capture some attention if it was successful. We will see how that project pans out.
We do need to fill in that part of the social media spectrum so I hope it does terrific.
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I totally agree as I am one of those.
For me, the mindset is the same, we all want to be part of the blockchain revolution and want this blockchain to thrive :)
Let's be patient to run this marathon 🏃♀🏃
And a marathon is completed one step at a time.
On here, it is one comment, one post, one upvote, one more game played.
It all adds up.
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Well I see alot going on in hive, at the moment I was think that the newly placed CUB token said to be out is under hive also, so I started reading through, I discovered that it's different alot different.