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RE: Why Hive Is Failing. by tarazkp

View this thread on: hive.blogpeakd.comecency.com

Viewing a response to: @futurethinker/why-hive-is-failing

· @tarazkp · (edited)
$17.81
Have you spent much time here lately?? This seems to be looking at Hive as being the same as Steem 4 years ago - it isn't. 

Click the link and have a look at the transactions:
https://hiveuprss.github.io/hiveisbeautiful/

SL = Splinterlands
Splinterlands is worth about 500M dollars currently  - would it be worth as much if they had to pay for transactions? 

Which interface are you using? hive.blog?
Try peakd.

Key management? Try Keychain. 

Censorship resistance? Quoting Justin Sun events doesn't work, as the last hardfork made that impossible - plus, the mining stake he bought in STEEM from Ned, is now in a DAO and funds development of applications. Plenty of people can run nodes - You can run a node. @arcange even broke down the electricity costs - full + half node = 100W - that is the power of a lightbulb.

Most of the voting stake isn't in curation guilds, it is just that they can make push individual posts up. The curation here isn't really centralized at all - except by stake. 

Also, you seem to make the assumption that the people who have worked hard on Hive, only hold HIVE - that is not the case. Looking at a Hive wallet for whether a person has been financially successful, is very much judging a book by its cover. For example, there are dozens of Splinterlands millionaires with very little HIVE, but without Hive, they wouldn't be millionaires. 

I think you are looking far too narrowly at this space. It was never meant to be only a blogging platform - it is an application ecosystem.
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@dynamicsteemians ·
$0.44
Agg had to make the second layer work first for SPL to even get off the ground. Imagine if Agg did not have to do all the leg work with Hive Engine or if he built SPL on polygon or wax instead where assets have more exposure and flexibility, it seems. Hive is a bit of a walled garden and hard to buy with other currencies with its main listing and trading volume in a south korean exchange that only south koreans can trade in.
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@tarazkp ·
$1.68
Firstly, neither Polygon or Wax existed at the time.

And then, much of the value used to create Splinterlands in the first place was derived directly from Hive (Steem at the time) through various means, including bidbots. And, the vast majority of early adopters went into Splinterlands because it was on the blockchain they use and have value, as well as the social capital built with Aggy and Matt over the years that garnered support - for example, I spoke to them both and had drinks with Aggy in Poland at SF3, as did many others. On other blockchains, they would have been starting from scratch and had none of the social trust built, nor personal relationships to help them get started. 

People seem to forget this when they look back into the past using the filters of today.

Not sure why you think it is hard to trade, at least Binance has it paired with BT/ BUSD/ USDT there and Bittrex has pairings.
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@dynamicsteemians ·
$0.42
You need to be kyc'd for anything over 1700 bucks to buy Hive on blocktrades and binance is not a viable option in USA. People trying to dec or sps have been having a hell of a time just trying to buy it with their ETH or BTC. Agg has been been making mention of how obscure Hive is and how people are keep requesting for SPL to use other currencies that are easier to acquire.
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@futurethinker ·
$1.28
Old friend, I am not here to hostile. Let me try to address a few of your comments here, I hope we can keep it civil. 

>Splinterlands is worth about 500M dollars currently - would it be worth as much if they had to pay for transactions?

500M dollars frankly is small in the big scheme of things. We are still early, and even now many shit coins still are valued at hundreds of millions. If you really want to quote value, we can look at the Hive market cap. Hive market cap currently is 

> Plenty of people can run nodes - You can run a node. @arcange even broke down the electricity costs - full + half node = 100W - that is the power of a lightbulb. 

Oke first of all, it is nice that you can run a node, that's cool, but it doesn't stop for the consensus layer to be not centralized, it basically comes down to the 21 top witnesses. Do you agree? 

About the nodes, a different subject but relevant: are there incentives to run the node? Do I get paid when I run a node? 

>Most of the voting stake isn't in curation guilds, it is just that they can make push individual posts up. The curation here isn't really centralized at all - except by stake.

"Except by stake" there is a contradiction there, do you see it? If stake gets centralized to a few big curation guilds then those few curation guilds basically determine which content gets to be seen. While on traditional social media, it depends on the user. 

>Also, you seem to make the assumption that the people who have worked hard on Hive, only hold HIVE - that is not the case. Looking at a Hive wallet for whether a person has been financially successful, is very much judging a book by its cover. For example, there are dozens of Splinterlands millionaires with very little HIVE, but without Hive, they wouldn't be millionaires.

This only demonstrates my point, hive is not something people want to hold because its economical broken, so they rather hold other crypto such as splinterlands. The BIG problem with this that I was talking about above, is that applications in this case splinterlands are build on Hive the blockchain. The blockchain which is the foundation for the splinterlands application, which other applications would want to build on that? The success of splinterlands is real, but it is made on a broken blockchain, what will happen if the base layer aka Hive fails? Many application will take this into account. Thus for hive to become an applications layer (which btw I did know this was the direction and if you read blog post again you will see I mentioned this), hive has to make hive economical sustainable first, and this is not the case. 

I wouldn't want to build my house on broken ground.
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@tarazkp ·
$1.24
>500M dollars frankly is small in the big scheme of things. We are still early, and even now many shit coins still are valued at hundreds of millions. If you really want to quote value, we can look at the Hive market cap. Hive market cap currently is

500M dollars is the market cap of Rovio, the makers of Angry Birds and others. It is not small - you are looking at it wrongly. These are businesses. Not only that, it is a decentralized business model, like the world hasn't had before. This is all new.

>Oke first of all, it is nice that you can run a node, that's cool, but it doesn't stop for the consensus layer to be not centralized, it basically comes down to the 21 top witnesses. Do you agree?

This is the consensus layer, which is the way things get built. Users can and have affected this.

>About the nodes, a different subject but relevant: are there incentives to run the node? Do I get paid when I run a node?

Depends on you. Also, it depends on what else you build. Plenty of people run nodes so they can better run their applications etc. This is business - there are many ways to get paid. If you start a business, do you expect it all to be funded by the government, or should you have to get some clients too?

>If stake gets centralized to a few big curation guilds then those few curation guilds basically determine which content gets to be seen. 

That would be the decision of the stake, something most stake won't make, since they don't have to and, can earn more voting manually if they choose. Your point is a non event.


>While on traditional social media, it depends on the user.

Not it is not. It is based on centralized algorithms optimized for a pay-per-click model for advertising revenue.

>This only demonstrates my point, hive is not something people want to hold because its economical broken, so they rather hold other crypto such as splinterlands. 

No. This is not the case. Hive is *built to house other crypto* which is why SMTs (remember them) were a thing being built *before I was here.* They didn't eventuate, but there are many second-layer tokens moving across the Hive ecosystem, all of the SL assets being some of them. There are others too. Also, there are communities that are using their tokens to do other things, on and off Hive, like LEO/CUB.

The Hive blockchain doesn't fail, as it is just some code. *Even if there was only Splinterlands* it is in their best interest to keep using it, as it already works for them. It is absolutely economically sustainable. 

So far, what you have mentioned sounds very much like someone who hasn't spent much time here and, someone who isn't actually interested in the future of the industry. Your entire focus of what value is , is money. That is fine, but it is hardly important to most people who are looking long on crypto, but it is very important to the people who want to hold more fiat.
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@acidyo ·
$0.39
Being worried about where you build things in this day and age is kind of unnecessary. Say hive suddenly decides to implode and price tanks to 0, the database is still there, SL could just take everything they have here and copy it over to another chain without the issues that made Hive implode. 

The question is do you want to start building things here compared to other places and for that I'm sure we all know the reasons why you would want to as many projects have already seen a big success thanks to the large community connected directly to any project without the complications and fees, etc hindering them. Many choose to build on the giants these days cause they're after the money and most of the projects end up going nowhere mid to long term because it's like finding a needle in a haystack on top of the creators not caring cause they get their funding from gamblers who've profited from the layer 1 currency but can't get enough. 
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@futurethinker ·
$0.80
>This is the consensus layer, which is the way things get built. Users can and have affected this.

If this is the consensus layer then we are talking about running a witness outside the 21, which probably is what we can assume what we both mean at the moment. If there was no big change while I was away, then every witness outside the top 21 are as stand in witnesses. They either get no rewards or very low rewards. This is what makes hive not decentralized, because 21 witnesses are doing the consensus while the other witnesses are backups. Only 21 witnesses will keep accruing more Hive, so the rich get richer. While the poor literally get poorer, because they have to pay electricity bills and have zero to non incentive to spin a witness node. 

>That would be the decision of the stake, something most stake won't make, since they don't have to and, can earn more voting manually if they choose. Your point is a non event.

Back in my day in OCD and curie, there were only 3 to 10 people who determined what gets a vote. I am pretty sure this is the same for other curation guilds. You don't agree on this?

>Not it is not. It is based on centralized algorithms optimized for a pay-per-click model for advertising revenue. 

It is a mix, but true viral content can't be paid for. And this is the same as in Hive. But the problem is nobody is really incentivized to create good content for the masses because, the rewards are determined by big curation guilds and whales. 

>So far, what you have mentioned sounds very much like someone who hasn't spent much time here and, someone who isn't actually interested in the future of the industry.

This is the third time I am hearing this. You would be surprised how much I care about the future of blockchains, and good blockchains in their nature have a good incentive system + community. Neglecting the economic incentives part is the same as neglecting throwing away a blockchain. Which I see many hivers do, they are focussed on "community", it is important, but if the incentives are not there your community will not stay. 

Can I turn your comment around and say: it seems that every outsider is told by the hive insiders that they don't understand the hive blockchain. People even use this argument to Dan who was the whole architect of this system (see the video if you havent). What if you have been in an echo chamber because you haved lived too long in the community, and you can't see outside? Can you truly say you see more than me, if you haven't ventured into other blockchains other than Hive? Unlike me who ventured into other blockchains and made buck there, and I probably didnt make millions by luck. I know the answer to this question, as lived a long time in this community. 

I don't see any long position in Hive, and it just saddens me to see people like you putting so much effort into this chain, while you would be better economically off (and probably community wise) on other chains.
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@introvertspeaks ·
"Hive is an epic failure." β€”Dan Larimer πŸ˜†
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@onealfa.leo · (edited)
$1.97
> Have you spent much time here lately?? This seems to be looking at Hive as being the same as Steem 4 years ago - it isn't.

I could not to say this any better.
Reading OP makes me feel like its author has been somehow (magically) locked in time.
No wonders, 5 posts in last THREE years... πŸ™‚

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@onealfa.leo/re-tarazkp-jsrrr)
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@futurethinker ·
$0.73
Oh don't worry about that I have been keeping an eye on Hive.

I am curious though, you think Hive is thriving atm?
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@azircon ·
$1.93
Hive, as a blockchain is thriving, we are changing peoples lives, making them financially free.

Hive, as a blogging platform is old and a sideshow and not that important part of hive anymore. Some communities are doing okay but they are small.

You clearly been out of touch I must say.
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@wil.metcalfe ·
I make more trading Hive in the markets than I ever did attempting to earn it over the last 4+ years. (That’s a problem if you ask me… especially considering the inflation rate.) 

Your right about the base layer being sand. I’m looking for bedrock to BUIDL on.
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@tarazkp ·
$2.39
Locked in time and too narrowly focused on direct earnings, not indirect value creation.
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