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Thoughts on Hive Engine and Blockchain Standards by therealwolf

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· @therealwolf ·
$10.22
Thoughts on Hive Engine and Blockchain Standards
Sharing my thoughts on the latest anti-bot measures implemented by Hive Engine, while reflecting on my journey of building a Web3 Game (Ethgard Legends) - especially on the value of blockchain standards for developers and builders.

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https://www.youtube.com/watch?v=7zEf7d58w9E

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[reference post](https://peakd.com/hive-engine/@aggroed/hive-engine-update-transaction-fees-for-bots)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 109 others
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vote details (173)
@hivebuzz ·
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@meno ·
$0.46
Bro, I've been meaning to ask you. Do you think VSC kind of solves these issues? 
πŸ‘  , ,
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vote details (3)
@therealwolf · (edited)
$0.03
It depends. If projects can migrate smart contracts/code from other chains without much overhead and use their existing tooling as well, then yes. Could work the reverse way as well, projects starting on VSC and then being able to migrate to another chain/their own chain later on.

Think of it like building with Lego versus custom blocks. With Lego (like EVM), you can rebuild, reuse parts, or plug into other sets easily. There's a whole ecosystem around it.

But with custom blocks (a custom framework), you're stuck. It might work well in one place, but if yo want to move or expand, you'll probably have to rebuild everything from scratch because nothing else is compatible.

So, ultimately, it’s about flexibility and not being locked in.

---

That said, there's one thing that makes me wonder:

> No, VSC uses the native Hive tokens for all transactions on the network. **We plan to launch a token once the project is self sustainable via a fair launch.**

Technologies can always be replaced or added under the same cryptocurrency. Meaning, Hive could add native EVM support to its codebase or spin up a separate EVM chain, running under the same cryptocurrency, HIVE. But having an L2 which is supposed to be an extension, then having its own cryptocurrency, where does that leave HIVE?

I'm sure it's all in good faith, it's simply important that the value flows back to HIVE.
πŸ‘  
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@vaultec ·
> I'm sure it's all in good faith, it's simply important that the value flows back to HIVE.

Totally agree with you. One way value is flowing back to Hive, which also subsequently pays Hive back for development costs, is our LPs use HBD. What that means is every trading pair locks up some HBD on one side of the pair. As trading occurs a small fee is taken and given to the liquidity providers and system reserve, causing deflation on HBD, ultimately routing back to increase the Hive price. In addition, consensus staking requires locking up Hive. Both of these routes will not be changing anytime soon, even with a long term token in a few years from now. 

Our strategy is to build a sustainable network without a token first, then worry about the rest later. 
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@seattlea ·
$0.30
Interesting video. If one of the top Hive Consensus Witnesses doesn't really believe in Hive technology this is really concerning...
πŸ‘  
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vote details (1)
@therealwolf · (edited)
I understand your concern, but it's a bit more nuanced than just "not believing".

Hive isn't just a technology. It's also a community, a cryptocurrency, and an ecosystem. All of that combined is what makes Hive what it is.

Like I mentioned to @meno - technologies can always be changed, replaced or added under the same cryptocurrency.

Take EOS as an example. They recently rebranded to [Vaulta](https://vaulta.com) and did a 1:1 token swap from $EOS to $A. New name, new token symbol, but the same stakeholders and community. One of their main value props now is Vaulta EVM. They have zero connection to Ethereum (ETH), the cryptocurrency, but they adopted the standard. Same cryptocurrency, multiple technologies underneath.

![image.png](https://files.peakd.com/file/peakd-hive/therealwolf/23tkmuyPd6NpFgSaqh8R9rpfm82mxCzg5WU8rRiXotWTxTvnz2jTZrLHMY1xsp8Bgb7nU.png)

I still believe in Hive. Pretty sure I said that twice in the video too :D. It's simply: as a developer, it’d be great to have Hive Native and Hive EVM side by side.
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@seattlea ·
$0.08
Thank you for explaining and clarifying your position. The video gave me a different vibe than you might have intended. I do recall that you have been calling for smart contracts on Hive for a while now, so it makes sense in that context.
πŸ‘  
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vote details (1)
@vikisecrets ·
$0.31
Good point, I understand the solution and problem, but it also exposes centralization, especially on the H-E part of hive.
πŸ‘  
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@therealwolf ·
$0.10
Thank you! The centralization is less of an issue on Hive Engine, due to their own consensus mechanism. What I wanted to highlight more is the reliability of apps built on a non-standard framework. That might not have come across clearly in the video, so I wanted to clarify.
πŸ‘  
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