Summary:

The host discusses the long-term perspective when it comes to the development of Hive and Web3 technologies. He emphasizes that new technologies often start off buggy, expensive and limited, much like the early days of the internet. However, over time these technologies improve and become more robust and capable. 

The host draws parallels to the evolution of the internet, mobile phones, and other technologies, noting that it takes significant time and effort to build the underlying infrastructure before more advanced applications can be built on top. He argues that the same is true for Hive and blockchain-based technologies - the foundational work is happening behind the scenes, even if it's not immediately visible to end-users.

The host also discusses the rapid advancements happening in AI, such as the improvements from GPT-3 to GPT-3.5 and beyond. He believes that any future applications that do not incorporate AI will struggle to gain traction. The host suggests that Hive and its ecosystem need to start integrating AI capabilities, even if they are limited at first, in order to position themselves for the future.

Finally, the host points to the changes happening in social media, using Twitter/X as an example, where the platform is rapidly evolving beyond just microblogging. He argues that Hive and Web3 need to think more broadly about the types of applications and services they can provide, rather than just focusing on blogging or social media features.

The overall message is one of patience and a long-term perspective - the foundational work being done on Hive and in Web3 may not be immediately apparent, but it is essential for enabling more advanced capabilities down the line. The host encourages the community to think big and not be constrained by the current limitations of the technology.

It is true that technology is not a hit and run adventure, it always takes time. Hive is progressing, really big. With smart contracts now, we are flying high 🥰

I agree. At this point, we can even consider Hive as just at the starting line. We have gone for so long without smart contracts and other things that it is amazing how far we've gone. But now that we have them, we can really start competing with the other blockchains.