Database Building on Hive
This is something that I think many should do. It is a very rewarding experience allowing one to follow the growth along with learning about the exponential nature of things.
In this video I share my experience with building LeoGlossary and how it ties into the values of Satoshi as well the motivation for Bitcoin (new networks).
▶️ 3Speak
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Yes. And I also think we should be focusing on more areas of interest ...from how to pick and buy second-hand cars to practical stuff, from socio-cultural or political events to traditions and cultures around the world.
Stumbled across this today https://www.arweave.org/
Their wiki is rather informative https://arwiki.wiki/#/en/main
Why this 'cannot' be done on Hive eludes me!
Referring others to our database like the Leoglossary would enhance the growth and wider coverage for hive. But that can we refer those who are not on hive blockchain to this database?
Congratulations Sir for the good feat you have achieved. Though I have tried a couple of times to use it but I can't. I don't know whether I don't know how to reference it in my contents.
Why isn't the LeoGlossary used by other communities in hive aside inleo community?
I didn't know that you were behind LeoGlossary. I have used it a lot especially when reading your posts that link to it. This really shows that you practice what you preach. Thank you for what you did, and for your contributions.
Summary:
In this video, the speaker discusses the importance of database building within the context of Web3 and the evolution of the internet. He emphasizes the significance of building databases on Hive, a decentralized blockchain network. The speaker highlights the benefits of building databases on Hive, such as observing the growth of the database over time, providing a foundation for future applications on Hive, and exploring monetization potential through NFTs and advertising. The speaker also touches upon the concept of network effects and exponential growth in database building.
Detailed Article:
The speaker delves into the topic of database building within the realm of Web3 and its implications for the future of the internet. He underscores the critical role of database building on Hive, a decentralized blockchain network, which he believes is essential for the advancement of Web3 and the transition away from Web2.
The speaker draws connections between database building, network science, and the evolution of complex organisms in the digital sphere. He emphasizes the importance of trust, control, and ownership, linking these concepts back to the origins of Bitcoin, proof of work consensus mechanisms, and decentralized networks.
Furthermore, the speaker discusses the current landscape of the internet, which is predominantly controlled by a few companies that own and manage closed networks, databases, and user data. He argues that this centralized control limits access to valuable data and necessitates a shift towards decentralized networks like Hive.
The speaker outlines the benefits of building databases on Hive, starting with the ability to witness the impact of one's work through database growth. By adding new pages, creating links, and expanding the database, individuals can observe tangible progress and enhance the overall value of the database over time.
Moreover, the speaker highlights how a database on Hive can serve as a foundational resource for various applications within the network. He envisions a future where individuals can refer to their own databases for information, reducing reliance on external sources like Wikipedia or financial platforms for data access.
Monetization potential is another key aspect discussed by the speaker, pointing out how advertising and NFTs could be leveraged on a decentralized network like Hive. By granting true ownership of individual pages through NFTs, content creators can explore new revenue streams and innovative advertising models within a Web3 framework.
Additionally, the speaker touches upon the concept of network effects and exponential growth in database building. He notes the interconnected nature of databases and the significance of linking information to enhance searchability and accessibility, emphasizing the collective impact of multiple individuals contributing to database growth.
In conclusion, the speaker reiterates his commitment to database building on Hive, expressing his motivation to inspire others to participate in this endeavor. He views database building as a proof of concept, showcasing the potential for collaborative efforts to drive innovation and create valuable services within decentralized networks like Hive.
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.