The Benefits Of Hive Flying Under The Radar

It can be agreed that Hive is overlooked completely by the cryptocurrency community. This can be a fact that frustrates many within the ecosystem. Of course, much of this is tied to the idea of "price go up". The majority are mainly concerned with where the price of the coin is. For some reason, people feel the markets, which are emotional and insane, knows how to reflect value.

History shows this is not the case. If they were apt at this, bubbles and major crashes would not occur. The fact they do shows how misaligned markets can get.

That said, many on Hive understand there is a process. This is all tied to technology and that requires builders. Over time, as infrastructure is created, we can see how what is available to developers, as an example, will be greater. This will likely result in more development, churning out more games and applications.

All the while, we are out of the limelight. From a price go up perspective, this is a bad thing. However, from an overall resilience standpoint, this carries major benefits.

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Keep Building

The advantage to having the time to build is the fact that we can correct our mistakes. Over the years, we saw what happened to the quick hit projects. Either they were overhyped and, ultimately, under delivered as in the case of EOS or they were open to a major attack such as Terra UST. We would be remiss if we didn't mention all the rug pulls and scams that also accompanied the progression of the industry.

Hive is away from much of this. We all complain that nobody takes us seriously when we see we are legitimate. Many of the problems people are trying to solve are answered by "Hive solves this". On this one, we are preaching to the choir.

A discussed point is marketing. Many feel that Hive would be better served if we marketed. This was a conversation piece for years. We even went so far as to use funds from the DHF for this purpose. Yet, we are still in the same place. Perhaps the idea of marketing in the traditional sense is not the way to go.

We see the slow progress projects are making. Those who are here daily understand how it is like watching paint dry. In the short-term, very little changes.

This is not, however, the perspective of the person who just signed up. To that individual, the stage things are at is the starting point. What it was like a year ago is completely unfamiliar. Perhaps we need to consistently step back to adopt this viewpoint.

Progress is being made. Development takes time as evidenced by Ethereum's multi-year run up to Merge. Naturally, they still have not addressed the transaction fee situation. We will see how long until the next few updates roll out.

Hive is out of the spotlight, quietly building infrastructure. This is what much of the industry is lacking. We are using this time to put together what is needed for others to build.

Version 15.2

We have to understand that much of what we deal with on a daily basis is an advanced version of what things were like years ago. Facebook is not on version 2.0. Neither is Twitter. We see how the banking and financial system took decades to evolve. None of this stuff is anywhere close to its original format.

Here is where Hive is expanding yet with few eyeballs. When something new is introduced, especially with technology, it is buggy. There are vulnerabilities that were not discovered during testing. We saw this with the hard fork where an update (another hard fork) was required. Imagine the attention if Hive had 10 million daily users. From an industry perspective, it was not even noticed.

Each time we update something without the attention, we are progressing. Anyone who writes software knows that while version 2.0 is a step forward, the real difference comes in when you get to 15.2. In other words, it takes a great deal of work to make the application anywhere near functional. Going from a MVP to something that is feature-rich in an effort to appeal to large numbers is a grinding process.

Those building on Hive has this opportunity. Over the next 6-12 months, it is likely the same environment will exist. Builders forge ahead during the bear. Some are getting attention, Hive is not.

Watching The Industry Struggle

Hive is advancing while a lot is falling apart. The original tenets of cryptocurrency and blockchain are being lost. We can see that on a regular basis. Ethereum is nearing the time where it will basically be a chain that is open to KYC. That is a stark change from a year ago.

Political and regulatory bodies have cryptocurrency on their radar. People like Chairman Gensler of the SEC are taking aim at projects. Fortunately, Hive isn't even something he is thinking about.

This is the advantage.

When we realize that the defense against all this is distribution, decentralization, and redundancy, it is easy to see where the focus needs to be. Of course, we have to mention that all of this requires time. The goal has to be more wallets in more countries holding greater stake.

It is a step-by-step process.

Hive is not ready for primetime. As much as people want that, we simply are not there. Foundations are being put in place that will make Hive's offering powerful in the future. Nevertheless, the horse is still behind the cart.

We saw how quickly attacks can take place. Very little about what we have designed could stand up to that. At this moment, we are still in need of many lines of defense.

Liquidity pools are required. Listing on different DEX is imperative, even if we have to build them. Derivatives are necessary to insulate our base coins from manipulation and attack. Optimization of infrastructure and applications has to take place. Wealth tied to value generation must be realized to further the depth of the ecosystem.

All of this leads to expanded financials offerings moving Hive into the DeFi realm.

We are building this from the ground up. Much of what we are doing is baseline stuff at the moment. Other projects have the ability to simply fork code such as with the EVM. Hive cannot do this.

Nevertheless, at the end of the day, we are constructing something powerful. Just the few projects that I am aware of are moving towards a time when they will really offer a difference on Hive. Pieces are falling into place already.

Patience is a difficult thing, especially in cryptocurrency. It is a builders world. Without that, there is only hype which equates to a pump and dump.

Hive is taking a different approach. There is no hype, hence the P&D other than the Upbit short-term manipulation, is non-existent.

That means when the price of $HIVE does explode, there will be a valid reason for it.

In the end, Hive is going to surprise a lot of people. The fact it is off the radar to most is of great benefit at this point.


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Bang, I did it again... I just rehived your post!
Week 130 of my contest just started...you can now check the winners of the previous week!
!BEER
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I have never seen things this way. I thought we needed more eyes on Hive and that would give us the price break we want. But too much too soon can destroy the process of building. We still need more development and utility.

Great post!!

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No doubt we could easily get overwhelmed. There are a lot of sharks out there.

Time to make sure we have resiliency at every layer.

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Yeah...very true. You've spoken about combining apps like 3 speaks and Peakd. I think that would be a fantastic idea if it could work

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Awesome!!!

Now, you've given me a new perspective towards the publicity state of Hive at the present moment.

Honestly, it is quite frustrating after all the effort of the team and user's effort to onboard and spread the News about Hive on Web 2 platforms, yet Hive receives lots of shadowban from these platforms.

But, yeah! It's a sign that we need to continue working and growing our products. Surely, when the world look back at the magic we've created on Hive, they'll be marvelled and they'll wonder where Hive has been all the while.

But we'll tell them "Yeah! We kept developing under the radar and under the shadow ban you placed us." 😎

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We saw with Web2 that the valuation of a social network is not about P&L. It's about eyeballs; I've got to assume that this carries forwards into Web3 and, therefore, Hive. It's not about how much the shares (or native token) is worth it's about the potential number of people interacting regularly. Great article, thanks for sharing.

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That is true. The attention economy is vital yet we have to understand the monetization process.

With Web 3, we have the ability to mix financial matters in.

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I just referred to Hive being 'under the radar' in a comment. The platform is over 6 years old and has had lots of development, so when will it be ready for the masses? Would it break if millions tried to sign up? I expect there would be issues in creating that many accounts, but could the witnesses handle 100x the traffic? Suppose some major Twitter account said 'I am off to this Hive thing. See you there'? Having been here a long time it is frustrating. I am just producing my latest #BritList and the number of active people has dropped again. We are not even managing to keep people who have signed up. I don't have the answers for how to fix that. Not sure who does...

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It isnt something like the blockchain and how much traffic it can handle. The quetion is what would happen to something like HBD since it doesnt have a lot of resiliency right now.

That is just one area that we need to work on.

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I hope people are working out how it can scale up and preparing in case we do get an influx.

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HF26 brought a lot of optimizations in the consensus code. Now nodes handle 2MB blocks just fine, although we should still test edge cases to be extra sure (currently witnesses only allow 64kB blocks). While there is still a lot that can be done there, the main problem we still have is in the amount of data in essential second layer services like account history, HAF and Hivemind. I won't go into technical details here but current state of those databases requires a lot of fast storage space. Thankfully we already know how to approach the problem, it just takes time.

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I'm sure there will be challenges. I develop other types of code and I don't envy you working on the blockchain. I have met a few of the team and I have confidence we are in a good place.

!BEER

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You greatly expressed my thoughts in this post; Like Why is Hive Still Hidden is a Question I keep Asking Myself. Clearly, it's a Great Crypto Platform to be one, One of the Best from the Standpoint of (Low Fees and a Strong Ecosystem). I think that we all here love Hive so much and will eventually be the reason for its explosion - Maybe we can't tell how yet, but it sure would happen!

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The Fork that followed the notable recent one was unnoticed I don't know for what upgrade(s) it was, but it does show the chain is evolving and developments are being done with the interruption of activities on Hive.

Flying under the radar is buying us time to get stronger, no doubt about that and to be honest am not in a rush for us to be the hyped Blockchain out there I'd rather we keep building and getting stronger than getting hyped. Hive's time for getting notice will come.

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I agree that Hive is not at a stage where we should be mainstream yet. There is a lot of work to do and we need applications that users will use. From what I have seen, a lot of stuff are kind of a rough draft version of things and there are a lot of things to be done.

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Personally I don’t mind #hive flying under the radar for a while if that means the price not exploding any time soon. It just gives us more time to stack up on more before more people are flooding in :D

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There is still a lot of work to do so we can see how this presents us with something to keep us busy over the next year.

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And that's the best part - despite all the work that has been put in, the devs haven't rested and continued making progress. The way HIVE held its price in the recent market crash gives a real sense of something special brewing!

Here's to a fantastic 2023 ahead!

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It's good to know that HIVE does not get the attention of people from the SEC.

In what way does having "more wallets in more countries holding greater stake" contribute to Hive's growth?

Hive is not ready for primetime.

A good reminder.

Interesting lines of defense to be built up: Liquidity pools, listing on different DEX, derivatives, and optimization of infrastructure.

Curious how derivatives can protect HIVE from manipulation?

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Under the radar is a good place to be. Assange and Snowden showed us how powerful the radar is. Don't want to be anywhere near it. Let the bigger names take the heat while we build beautiful things, unnoticed. !BEER

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