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RE: Hive’s future as a 2nd layer blockchain network

in #hive4 years ago

Currently, the availability of microservices and a community help hive as a first layer but is it enough to justify the existence of a currency long term? Why not bring hivemind somewhere else with fast transactions and no fees?

Should each Dapp run its own servers, or should node providers be rewarded proportionally to the amount of RAM/memory/computational power they provide? Currently, node providers rely on the price of HIVE being high enough to pay off bills while the price mostly moves because of random speculation. Doesn't appease me.

How can eyeballs be monetized to benefit the blockchain itself and the price of the token? Not using the userbase is like sitting on a goldmine and doing nothing about it. Can the "burn to promote" feature on PeakD be incorporated in the blockchain code (or simply open-source code) so that all frontends automatically display it? Can this be then extended to SMTs similarly to how PALnet did to allow communities with their own currencies to thrive and have a sustainably appreciating currency based on the number of eyeballs they attract?

Where do RCs fit in all that? Since tps is limited and RCs are scarce, demand for RCs should push the price up. In that case, isn't there an incentive to build a blockchain that doesn't scale in order to make RCs even more scarce? Is that a problem?

In short, why moon?

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We had a "promoted" in condenser a while back. It's already on chain (send some amount to null with permlink as memo). That could be extended to include either of null or Hive Fund and then featured on the frontend.