RE: Vitalik Describes Hive
So here's the deal with Vitalik. Vitalik recognized what i've recognized from the very beginning that defi was just more nonsnese.. the latest gimmick in crypto investing we have a new hype cycle with this every year. So thats why Vitalik wants to move away from it. I always said defi products and nfts are all trash. We already had forms of them already. It was nothing new just another gimmic didn't work then doesn't work now.
So Vitalik understood that. Now as far as hive is concerned. He hates hive he feels hive is trash. He does mention ideas like hive in a way because he recognizes the importance of value and use. As in real value and real use".. Not ponzi schemes not pyramid schemes..Not these small low liquid markets but real true value.
Now let me tell you why he hates Hive. In fact i'll let him tell you himself. Now he doesn't mention hive by name but he mentions 20 witnesses and all the issues of them securing a network.. I'm pretty sure he does it in this short clip i'm going to leave but if not there is a link in tht video to the full interview and its in there. However i'm pretty sure its in this clip where he talks about where he doesn't look systems like that.
Now social media goes with cryptocurrency and moving value like an apple goes with apple pie. So i'm sure Vitalik is smart enough to see the value in some social media integration into his crappy ethereum. Let me be clear although i feel hive has its problems i feel like ethereum is trash.
When i look at ethereum you know what it reminds me of. It reminds me of like operating systems mostly for professional use.. However you're giving the professional operation system to normal people who just want to do normal stuff on their computers. So they don't need that.
To me thats what ethereum is like. It's like this complicated crap for not normal people but for a developers wetdream. Great for developers horrible for the rest of the populace. So not a fan of ethereum but Vitalik is correct in how he addressed these steem and hive like systems. They do need to change.. Not sure what to but this aint it. So i think this is the video but sure social media if its done right.. Hive not doing it right i dont know if they ever wil probably not maybe a dapp will it has'nt got here yet.. Nothing i see is close not even by a long shot well with the exception of btcmyk but btcmyk doesn't run on hive it just has a wrapped token. So i dont even count btcmyk.. on hive no such thing exist. here's the clip so you can judge for yourselves how Vitalik feels about hive:
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