Hive Is Regulated By Nobody But Is Influenced By Many
Hive is looking to operate outside the reach of any government or central bank. This is what a ledger based, decentralized monetary system does.
In this video I discuss how we can take things to another level by building a decentralized second layer that mirroes what is at the base. If we keep doing this, we can see Hive turn into a derivative machine.
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For some reason I can only play a part of the video and always stops at 1:57, might be my network. Tried it 3 times and stops on the same timestamp. Will try to watch again later in the day.
EDITED: Seems my network problem. Had to open it on other front-end to be able to watch and the video plays flawlessly.
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This is interesting, because the video player shows to me that this is end of the video. How long was it originally?
By the way, currently I am on the go, so currently I cannot watch the video, but I will watch it later.
Oh sorry, that was a mistake :) It stops at 1:57 but it is now playing better when using other front-end. That is the full length of the video (14:57) haha. Gotta edit that, lol!
Enjoy your day, cheers!
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I had some trouble too. But signed in and out, and it seems okay. You watching on 3Speak?
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I see, I thought it was just me. I was watching on LF and the lag keeps happening. I had to open it on Ecency and then boom! It went smoothly without lagging.
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It might be an issue with Leofinance. Hard to tell with all the updates they are doing.
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That might be true. They may be testing the lightning and things around.
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I like this:
‘>…regulated by no one, but influenced by many.
I agree we are at a pivotal point in the evolution of money. We can hope for a truly decentralized blockchain for USD and the Euto, but don’t know if that will come to pass.
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Those are not going to be decentralized because the powers that are want to control it. The banking system is in control and if that is taken away from them, it will go into the hands of the governments.
There is no way they make that move and do it decentralized.
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I think that is one of the best reasons why Hive will succeed. I don't think anyone can really control it like they do with other chains.
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That is true. I see it the same way.
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and it is a significant influence...
Summary:
In this video, the speaker discusses the concept of regulatory independence and influence within the Hive ecosystem, drawing parallels to the decentralized nature of Bitcoin. The speaker emphasizes the significance of building infrastructure on top of Hive to facilitate smart contracts, tokenization, and decentralized finance (DeFi) applications. Projects like dlux, Honeycomb, and SPK Network are highlighted for their focus on decentralization from the start. The conversation delves into the potential for Hive to become a platform for creating a wide range of financial products through derivative markets and smart contracts, ultimately operating outside the control of governments and central banks.
Detailed Article:
The speaker starts by emphasizing the unique position of Hive as a platform that is regulated by nobody but influenced by many, likening this characteristic to Bitcoin's decentralized nature. He delves into the concept of the shadow money system, highlighting its power as a system built independently of government and central bank control. Drawing parallels to this, the speaker sees cryptocurrency, particularly Hive, as the next evolution of the global monetary system, free from traditional banking institutions.
The discussion then shifts to Hive's infrastructure, with mention of the Hive coin, stablecoin HBD, and the potential to build upon this foundation. Emphasis is placed on creating second-layer infrastructure for smart contracts, token generation, and community tokenization. This would enable the development of diverse applications, including DeFi platforms, within the Hive ecosystem. The speaker stresses the importance of maintaining decentralization at the core of these developments to ensure regulatory independence.
Projects like dlux, Honeycomb, and SPK Network are spotlighted for their commitment to decentralized design from inception, contrasting with the typical centralize-first approach of many projects. The speaker envisions Hive evolving into a derivative machine, offering various financial products and exchanges while being governed by a decentralized DAO structure and token holders.
The conversation expands to explain how derivatives play a crucial role in risk management for companies and investors, dispelling misconceptions perpetuated by popular media. The potential for Hive to host decentralized derivatives markets, lending platforms, and investment mechanisms is explored, highlighting the advantages of a decentralized infrastructure for such operations.
In conclusion, it is asserted that Hive's decentralized infrastructure will pave the way for the platform to dominate various financial markets, including derivatives, lending, and payments systems, while operating beyond the jurisdiction of government regulations. The speaker expresses confidence in Hive's ability to remain outside the control of regulatory bodies and be shaped by the community involved in its ecosystem.
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.