Hive: Thousands Of Niches
Hive is a decentralized system. This means we have base layer infrastructure, much of which is decentralized, and that is built upon by projects. Most of these are unrelated and not correlated in any way. There could be some cross pollinization based upon the users but basically it is a separate niche.
In this video I discuss how these niches keep growing. We have many different ones that are expanding, whether it is an app, game or even offline community.
▶️ 3Speak
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Is there is any way or possibility SEC can consider or labeled Hive coin as security?
Everything is possible but it will not change anything because security is only applied to the US.
I believe it is essential to separate them based on your personal taste and favor. A gamer might be only interested in playing a game and another one enjoys photography.
This is the beauty of this world, to have the freedom to stick where you want!
Summary:
In this video, Task discusses the concept of how a decentralized platform like Hive evolves through the development of various niches within its ecosystem. He highlights the importance of different projects building on top of existing infrastructure, each catering to different niches and demographics. Task emphasizes the significance of increasing participation, content creation, collaboration, and growth within these niches to enhance the overall ecosystem exponentially.
Detailed Article:
Task delves into the evolution of decentralized platforms, using Hive as a prime example. He emphasizes the growth and evolution of an ecosystem through the development of various projects and niches within it. Task explains that as the number of niches, applications, utility, and offerings within a decentralized platform like Hive increases, it enhances the overall ecosystem.
He discusses how different projects within Hive, such as LeoFinance, PsyberX, D-Buzz, and Ecency, cater to different niches with little correlation but still contribute to the base infrastructure. Task points out that even within these projects, there are various areas such as infrastructure providers, long-form and short-form content creators, each serving different purposes and engaging different audiences. He highlights the importance of both online and offline interactions within these communities, noting the significance of geographic regions like Hotsukre and Ghana where physical engagements foster community kinship.
Task draws analogies to individual projects within the crypto space, mentioning how the addition of developers or contributors can significantly impact the growth and development of a project. He emphasizes the value of exponential growth within niches, where increasing participation, content creation, and collaboration lead to substantial development within the ecosystem. Task emphasizes that even small increases in participation or contributions can have a significant cumulative impact over time, leading to exponential growth.
Furthermore, Task discusses the importance of more engagement across various metrics such as comments, blog posts, users, accounts, subscribers, applications, HBD transactions, and developers within the ecosystem. He stresses that a collective effort from individuals working on different aspects within Hive can lead to exponential growth in the platform, ultimately benefiting the entire community.
In conclusion, Task encourages the audience to focus on individual niches, monitor their growth and development, and emphasize the significance of incremental contributions and collaborations within the decentralized platform like Hive. He underlines the potential for exponential growth within niches and projects, ultimately shaping the future of the platform through collective efforts and continuous improvement.
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.