RE: Hive: Internal Versus External Growth
(Edited)
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It's quite a detailed post here and while this is really concerning, I'm thinking it's about time we give the populace a reason to see hive as secure as bitcoin and even chose it over bitcoin as a result of its Utility and many more potentials. But then how do we do this? It's really something huge to embark on and enact.
You're right we need money to come into the system don't you think we should incentivize people to do so?
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I am not sure that comparing Hive to Bitcoin is worthwhile. Bitcoin will occupy a place, at a minimum, as digital gold. I think the market already established that is how it views Bitcoin and I do not see that changing.
Hive will see demand increase as utility grows. That is how I see the growth progressing. We simply need to provide users with options as to what to do with their Hive. Historically, it was basically power up or send to exchanges to sell.
As for bringing in new money, that is one piece of the puzzle. The other is creating the wealth internally by our activity and success of some of the platforms here.
I guess you could say that was the point of the article.
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Yes definitely we can't do that but then we need to even make people see certainty in hive just like they'll generally trust bitcoin. I guess we'll have to work towards that.
Thanks a lot for the content