Cuba: Hive Can Change People's Lives

over 1 year ago

Things are starting to gear up for Hive.

Over the last few months, a great deal of focus was placed upon countries like Venezuela and Cuba. These countries are showing us where the potential of Hive, at least in the near term, resides.

If we are talking about making an impact, Hive is now at a place where it can do that rather easy. We have enough infrastructure in place to making the lives of hundreds of thousands of people better.

Even if we concentrate upon 1,000, we can see how this will make a significant difference.

The key here is we are discussing basic necessities. For the sake of this article, electricity will be the utility we emphasize.

Impacting Cubans

The Tweet above got a great deal of attention from the Hive community and deservedly so. It is a big step forward when the bridge between Hive and basic necessities is erected. Hopefully this is a process which gets duplicated around the world. For now, however, we will just deal with Cuba.

On the most recent episode of CTT, @hivecuba was on detailing the situation for Hive in that country. There is a small, but dedicated, group forming in that area. As we will see, the success rate for Hive to be of major impact isn't that far out.

The barrier to entry in terms of an impact in a country like Cuba is low. We are dealing with an area that doesn't have an advanced economy. The ingenuity of the people can only go so far. There are physical, along with political, limits.

Of course, cryptocurrency is global and is not really affected by that, at least not to the same degree. The tentacles can extend anywhere in the world, often uninvited.

Therefore, Cuba is a terrific area to focus some attention.

$10 Per Month

It is wonderful that Cubans can now pay their electric bill using the Hive Backed Dollar (HBD). However, many have questioned what that will cost? This is something that makes sense. To figure out what kind of impact we can make, it is best to understand what the levels we are dealing with are.

According to Hivecuba, electric bills in that country range from $10-$20 per month. That is a rather low figure, especially for many of us in developed countries. Look at what is happening to the cost of energy in Europe and you can see how the bills are going through the roof.

One of the keys in this discussion is income. If the Cubans were making $50K per year, $10 a month would be nothing. Sadly, that is not the case.

Harkening back to the interview, it was stated the average monthly wage in the country is around $40 per month (some list it at around $50).

Either way, we can see the numbers were are dealing with are rather low.

Essentially, $10 a month is going to make a huge impact in a country like this.

Hive Paying The Electric Bill For 1,000 Cubans

Now it is time for some simple math.

To generate $10 per month, we are dealing with, at the present price of $HIVE, 25 per month. For 1,000 people, that is naturally 25K $HIVE at the current exchange rate.

If we divide that by 30 days, we get 833 $HIVE per day would roughly pay the electric bill (or a fair portion of it) for 1,000 Cubans.

Think about that for a second. The average salary is roughly $40 per month and we can give 1,000 people a 25% increase with 833 $HIVE daily. Of course, the numbers change if the price moves up to 60 cents (555 at that point).

Much in the same way with the Hive Borehole Project, we are dealing with basic necessities. In Ghana, Hive is delivering, locally, water, to communities that presently are without. With Cuba, we have the ability to keep the lights turned on.

The takeaway from this is we can make a huge impact if we understand how low the bar is in some areas.

Hive Explosion

Here is an epicenter that can be tapped into which can really make a difference. It is also where we can find the next generation of people on Hive.

Cryptocurrency is littered with stories of scams and deception. Fortunately, for Hive, we just keep plugging along. Future activity is going to come from pockets where the impact is immediate. For most, especially with social media, there is no incentive to change. Why move from Twitter when it works rather well?

Markets such as Venezuela and Cuba can be hot spots for Hive. The ole saying is "find a need and fill it". There is no doubt the economies in these countries is not working, even less so then the rest of the world (which is abysmal). Nevertheless, we can see from the numbers what kind of impact can be made simply with some focused activity.

Of course, it is up to the individuals from those countries to get an account and start getting active. Those who are leading the charge in those areas deserve credit (and support).

As we can see, Hive is making a difference in people's lives.

If you found this article informative, please give an upvote and rehive.

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