RE: What Lebanon’s Currency Crisis Reveals About Hive

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I think in these instances a combination of HIVE and the lightning network would be excellent. Since HIVE is extremely public as in the case of my profile, people could actively view my history and purchases, which is fine in a free society but when theirs oppression of some kind its best to have some sort of anonymity which BTC and the lightning network can surly provide

Yes, you can open up a new account of course and use it to blog or transact I guess. I think where HIVE can make a real difference is supporting the real on the ground stories you don't get in the media and supporting the people affected directly, that's where its power lies

Sadly I don't think Lebanon will be the last country to go this route, i think many African countries have been stripped bare thorough debt monetisation and the political elite selling out their tax base for commission. Defaulting or hyperinflation is really the only two options so plenty of currency collapses coming in future



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There is a lot of potential in leveraging atomic swaps/connecting Hive to other ecosystems & protocols like the Lightning Network. I hope more cross-overs and iterations are explored in the future to make it easy for us to say, swap Hive for an ERC20 or for BTC directly on-chain.

The tech is still young, the developers here are smart & craft and the community is rock solid. I think we have the perfect mixture to make things like that happen.

And yes, it is definitely sad to know that Lebanon won't be the last (and probably not even the worst)... the suffering is going to continue and I just hope that the message of not even Hive but just opting out of fiat and into crypto gets out into the world.

Posted Using LeoFinance

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