It’s a great time to be alive on Hive as price pumps and utility expands like never before

With the price of cryptocurrency going up this year, we can finally see some rewards for all our hard work over the past few years if, like me, you have been invested since the start of the bear market back in early 2018. And this is particularly for those of us on our beloved social media platform Hive.

I have been writing dedicatedly for all of these past three years and seldom taking profits. Since the market was dipping most of 2018/9 I simply decided to hodl until now. And the time has finally arrived to see all that work paying off. By accumulating Hive tokens simply from writing, I was able to amass a decent sum, from my perspective in the third world, and thus feel that the life of a writer has been worth it.

In the past one had to publish a book to get some financial payback from your work. Even better if it was text books you were writing that were used in schools or colleges. But not all writers could get published without major costs. So it was like the life of a poor artist – avidly producing original creative content but not seeing much return on your investment of time and brainpower. Well those days are over, thanks to blockchain technology and the era of tokenized social media.

All of us on Hive are smiling right now as the price pumps parabolically, following suit with bitcoin and Ethereum and the various other altcoins that have been pulled along toward the moon. Hive sat and languished for all this time, dropping in value until my mind capitulated, but not my diamond hands. My mind cried – Hive is dead – but my hands hodled regardless.

And here we are today, on the way to $1 Hive, all the way from a low of around $0.10 a few months ago. Now Hive is not the only tokenized social media platform that pays us to write and post our original content daily. Publish0x has also been giving ETH and AMPL and recently FARM tokens to receivers of upvotes. But the value in returns has been perhaps only 1% of what I have earned on Hive.
Admittedly I was frustrated by the low payouts and several times I simply quit posting on 0x due to that. Then a couple of months later I would give it another try and post there for a while, only to give it up again. So naturally the overall accumulated returns there have been significantly less.

But even there I have had some success in the long run – a token bonus – pun intended. For example on checking my wallet there, I see that not only is my ETH obviously worth more now, thanks to the bull market currently, but just today it looks like 0x has launched their Kucoin exchange bridge. I can now receive my ETH and AMPL tokens directly to my Kucoin exchange address.

I have been trading on Kucoin since my earliest foray into cryptocurrency back in the good old novice days of 2018. So I love the concept of receiving my rewards there plus the 10% bonus 0x are giving me for receiving my payout at Kucoin. It benefits them and they don’t have to pay those massive gas fees for paying out us bloggers. They have had to spend thousands of dollars just in gas fees to facilitate their system, which is perhaps why using ETH is so limiting nowadays, despite its massive use case and reputation already.

So I can receive my grand total of around $25 worth of ETH and AMPL tokens for my years of posting at 0x, a small consolation prize I guess. And this goes to show how powerful Hive is, in the fact that the design of the blockchain is better suited to tokenized social media. It’s fast and feeless, compared to the Ethereum blockchain used by 0x. And it’s more user friendly overall, which is why I kept on writing and publishing on Hive daily, even when I repeatedly gave up on posting to 0x.

Some may have placed their allegiance with other crypto social media sites and that’s fine. They may even decry Hive out of tribal support for their preferred site which I understand, but today I can personally attest to the power of Hive, for today Hive has risen in value and is proving its worth in pure monetary terms.

Besides that, the ecosystem and infrastructure is legendary, with the dApps, games and second layer tokens all manifesting on the Hive blockchain. In fact Hive is on par with ETH for usability and is actually better than ETH for scalability, speed, tps (transactions per second), and cost in gas fees. And we can do anything on Hive that you would want to do on ETH, from my basic understanding. So in fact Hive is better than ETH. I still don’t know why so few people are using Hive today, in comparison. I believe the herd will wake up to the power of Hive and will be arriving in droves as they did during the prior bull market of 2017. You have built it and they will come. Because they are sick of the gas fees on ETH. And they are realizing the power of tokenized social media.

I will still publish my writing on 0x and other sites occasionally, but my biggest and best experience as well as reward is on Hive. The wallet speaks for itself. Anyway that’s my Hive shill for the day, as we celebrate the massive pump in price yesterday, adding to the steady climb occurring this past few months already. It’s a fine day to be alive on Hive and I pray that the other newer tokenized social media sites will follow suit and grow as Hive has done, from strength to strength.

Posted Using LeoFinance ^Beta