How Hive Stands Out At This Time
Charlie Shrem called Hive and Bitcoin the only two decentralized blockchains. While he might have been over zealous a bit, the reality is that Hive is in a unique position at this time compared to many other chains. Because of the forced forking, the ninjamined stake went away. This no longer can be used for governance.
In this video I discuss how the industry did a poor job of establishing decentralized chains. This is likely to change over the next few years.
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Absolutely! I read these days about the European willing to control crypto because they are sustained by "nothing".. Well.. Some do Mrs!!! And many more will take this track. Hive is a step forward.
Thks @taskmaster4450 for sharing so valuable thoughts and info always.
Cheers 🍻
The Network Effect on Hive can be huge. There are a number of things that are brewing which are very interesting.
It will be fun to watch how the next 6 months proceed.
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Even six weeks can bring interesting things, but of course the long term is a more interesting question. In six years, maybe many people will be able to make a living with the Hive blockchain. Some people already do. Nowadays is certainly an exciting time and a great opportunity.
@taskmaster4450, @pixresteemer(9/10) sent you LUV.
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Actually quite scary how centralised most crypto projects really are.
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That is true. We could well see it revealed in the next year or so. With regulation, most is going to have to fall under it.
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how nice #Hive is getting recognition for a long work over the past 2 years. Decentralized blockchains are the best option
The more and more I did into other projects either building something, or just researching for @coinlogic.online videos and articles, the more and more of a Hive and Bitcoin maxi I become. After losing quite a chunk of my portfolio in the UShiT fallout, I have learned some huge lessons. The grass isn't always greener just because there is money flowing into something.
Your statement near the end hit me where I needed it... basically something like the true believers are the ones here getting rich quick... Cause that for sure isn't happening here, but I feel like I am building human capital and beginning to make an impact somewhere and on an industry that is going to change the world!
Always good stuff bud!
Lightning is definitely still Bitcoin in settlement. When you close a lightning channel you are just moving your Bitcoin out of a multisignature Bitcoin wallet. If you want to move from SWAP.HIVE to Hive then you are exchanging two very distinct assets from two different chains.
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Hive towers above all other blockchains. It provides additional options and services to its users, providing them with more flexibility to operate. I hope that the next few days will draw to the world's attention the necessity to invest heavily in the hive ecosystem. Thank you very much, sir @taskmaster4450 .
I think Hive really stands out because of the fast and free transactions. It also helps that there is a lot of development and I think Hive Engine has also added a lot as a 2nd layer chain too.
At the same time, it's decentralized and it can't be targeted easily either.
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The ecosystem in Hive is all you need. Now you able to use lightning payment to buy things, this completes the payment issues a bit. Hive for passive income is already happening depends on your requirements. Apps are plentiful, so are still in development and almost ready !
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@tipu curate
Upvoted 👌 (Mana: 23/43) Liquid rewards.
don't forget KOINOS, although they have yet to release mainnet
They often make infographics such as this:
How many criterias would Hive fulfill? I guess 4/8?
Did he really say that? Could you point us to where he said this? Was it on the interview with Starkerz?
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Summary:
In this video, Task discusses the uniqueness of the Hive blockchain compared to other cryptocurrencies. He highlights the decentralized nature of Hive due to the absence of a single entity holding a large stake, unlike chains like Steem and Ethereum. Task delves into the concept of forking chains to remove founder stakes and emphasizes the potential for Hive to become a hub for various projects. He contrasts Bitcoin's security with its technical limitations, suggesting that Bitcoin may become a key player in collateralization but may need to rely on second-layer solutions due to its slow transaction speeds. Task concludes by touching on the evolving landscape of blockchain projects and the importance of regulatory compliance in the industry.
Detailed Article:
Taskmaster4450, in his latest video, delves into the unique features of the Hive blockchain, attributing its distinct position to a fortuitous divergence from Steem and its emphasis on decentralization and distribution. He mentions an interview with Charlie Schramm, who lauded Hive as one of the only two truly decentralized chains along with Bitcoin. The absence of a ninja-mined stake in the hands of an individual in Hive sets it apart from other platforms, enabling enhanced decentralization and security.
The discussion shifts towards the pitfalls of projects with concentrated founder stakes, citing examples like Steem and Ethereum. Task underscores the significance of forking chains to eliminate founder stakes and enhance community governance. He postulates that Hive could potentially emerge as a foundational layer for various blockchain projects, akin to how the Lightning Network functions as a layer two solution for Bitcoin.
Taskmaster4450 draws a comparison between Bitcoin's unparalleled security and its inefficiencies as a payment and settlement system. He suggests that Bitcoin's role in collateralization may necessitate leveraging second-layer solutions to overcome technical limitations. Additionally, he anticipates a surge in blockchain projects in the coming years driven by regulatory changes and highlights the risks associated with centralized structures in projects like Terra.
The video concludes with Task speculating on the future trajectory of blockchain projects, predicting a shift towards anonymous development akin to Satoshi Nakamoto's approach. He emphasizes the uniqueness of Hive in the current landscape but anticipates changes in the industry dynamics in the near future.
In summary, Taskmaster4450's video provides a detailed analysis of the decentralized nature of Hive, contrasts it with other cryptocurrencies, outlines challenges and opportunities in the blockchain space, and offers insights into the evolving regulatory landscape and the potential future trends in the industry.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.