RE: How to maximise the value of content on Hive via layer-2

avatar

You are viewing a single comment's thread:

Cheers mate.

I'm interested in hearing your opinion around maximising the value of content on Hive - Especially via layer-2.

Mind sharing?

Posted Using LeoFinance Beta



0
0
0.000
1 comments
avatar

I started a community called Hive Buzz. It's purpose was to increase the exposure for businesses already running on HIve.

Hive, like all cryptocurrencies needs utility.

While it enjoys the status of reward token for the social media platform Hive.Blog and Hive.Blog's many interfaces like Peaked and Eccency for example, tthis single utility isn't enough to broaden the use of the token, bring capitol into the ecosystem and booster the price.

This same lack of utility plagues the layer two communities in general, they suffer from a lack of utility , other then a duplication of this reward token function.

There are businesses on Hive which use Hive as a form of fiat for their businesses, which are also open to the outside world. These businesses create demand for Hive and create a circular economy where people can earn Hive, buy products, the product makers cash out the HBD and invest in their businesses and the cycle continues. These businesses accept HIve Back Dollars, and the stability of it makes it a good medium of exchange.

The Hive ecosystem has many new businesses like this, but they are unknown. There's even a business on Hive that makes it easy for Businesses off Hive to accept HBD for their products on their website.

This type of utility is also publicity, and I think it is important to improving the reputation of Hive and the awareness of it in the general population.

I tried to bring that idea of creating a community dedicated to publizing, promoting and utilizing buisnesses on HIve to Leofinance and make the commuity. I wanted to make it one of the first of the communities, but I was unsuccessful. People here are to busy to get back to you about things like that.

In general, I think people heer are operating in a box which has very high walls around it, those walls are technology, terminology, and people who sneer at new ones. Khaleelkazi istarted a community to escape that crab mentality. He also understands to the need to reach out beyong our blockchain and beyond crypto people.

His cross-blockchain economic activity is important, but I see his other projects which reach out to non-crypto people are the ones which will have the greatest impact. He is making it easy for people outside Hive to come inside easily.

The learning curve for crypto is to steep. Only businesses which make it easy will grow. Others will continue to compete for the same small pool of people who know crypto very well.

Second layer tokens really shouldn't duplicate the utility of the first layer, because thats reducing utility to a fraction of Hive and they are doomed from the outset.

Some communities try to set them selves apart by topics, but that isn't enough to generate utility. DEC as a second layer token was successful because it had a utility separate from the Hive token utility, as it was originally the reward token for Steem-Monsters, wich migrated to Hive after the Steem HardFork and was renamed Splinterlands.

When people ask me the difference between successful tokens and unsuccessful tokens I always say utility, community and development. I think those are the most important aspects, which most tokens miss.

this is alredy to long, because I have much to say. consider it part one.

0
0
0.000