What Hive Needs - To Thrive And Grow - From Here On Out - IAAC #215

in I Am Alive Challenge2 months ago (edited)

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Hi there and welcome to my vlog, my name is Erik Gustafsson and I go by the handle @flaxz on 3speak, CTPtalk and Hive.

What Hive Needs - To Thrive And Grow - From Here On Out

In this video I talk about what I think that Hive needs in order to turn the current downtrend around, and to keep growing and thriving.

So there is no secret that the price of Hive is dropping, and some of that can be explained by the amount of time it has taken to work out all issues after the hardfork, while we also have a global downturn in the economy.

I know that all witnessess are working very hard to get things working with the nodes and such, but that is still a factor when it comes to less techy content creators, and it is getting better.

Due to the economy many Hivers also need to cashout some to feed themselves, and that also has an effect on the price.

Now what I think needs to happen is these 3 things.

  1. First of all we need to keep adding use case, to add more utility where people spend their Hive and Hive-engine tokens on chain rather than exchanging them for fiat, create demand really, more demand than we currently have.
  2. Secondly we need to grow the active userbase by telling the rest of the world about the massive use case that we do have here, and get more people onboard.
  3. And lastly we need to add a way to reward comments, right now we have content creators engaging with each other, while most other social media have content consumers engaging with each other without creating content themselves, I have an idea about creating a separate token for comments, though lack the knowledge and funding to make it happen right now, but I will keep trying to find a way for it.

What do you think?

Watch the video to get more details.

I Am Alive - Day 215

It is now my day 215 for the #IAmAliveChallenge, and you can read how it started and how to join in this guide, I Am Alive Challenge - The Guide.

This is all about celebrating that you are alive despite the hard times we now live in, and to share that with the world and the Hive blockchain, you are alive, and that matters.

We Are Alive!

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Stay safe, awesome and alive!

Sincerely,
Erik Gustafsson

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This is my own personal opinion, do your own research before investing, and seek legal counsel if uncertain.


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@flaxz


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Hello dear friend @flaxz good night
You are doing an excellent job, the points you raise are reasonable and invite reflection, I hope it reaches people who have certain influences
I really appreciate what you do and everything you give us.
I take this opportunity to wish you happy dreams
I am happy to be a part of this.

Thanks a lot @jlufer, and as it turns out the use case just went up a lot with Hivepay.io, now you can spend and accept payments with Hive, HBD and Hive-engine tokens by just adding a payment button on any website you like, I wish you an awesome weekend as well.

!ENGAGE 25

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

Firstly, I wouldn't completely agree about the reasons for the Hive drop, especially lately... Bitcoin is on the move in the last week or so, and this steep decline in price is happening to 90% of altcoins... It happened before, (before the last big altcoins run), and it looks that it's happening now again... Yes, Hive price was going down before this also, but not like the last couple of days...

I know that it looks scary, but it is what it is... It will not go to zero, as HIVE blockchain has great value itself, as it is very powerful with a lot of different functions...

And regarding improvements, I agree with most of your points... Comments rewarding is one of the most important things, and LEO Finance has solved that easily... Moving to linear curve it makes no difference between upvoting a post or a comment... So, people have more choice about distribution of their upvotes, without fear of losing their curation rewards... We need that!

Cheers!

Thanks Zoltan, we just got a massive increase of use case for Hive and Hive-engine tokens with Hivepay, I think that will have a very large impact, and interesting about the linear curve, it solves it for tribes, but the problem still remain for Hive itself, atleast if it is to continue being a rewards token, I have seen discussions about removing it as such, maybe after blocktrades launches his layer 2 tokens or something, but we will see, even with a linear curve Hive still has the 2 cent payout threshold to think about, I wish you an awesome weekend.

!ENGAGE 25

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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You published more than 1600 posts. Your next target is to reach 1700 posts.

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Do not miss the last post from @hivebuzz:

Feedback from the November 1st Hive Power Up Day

Thank you.