RE: Is Hive-Engine a Blockchain?
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"While I am not happy about certain things about Engine, I really love how many opportunities it brings to Hive. It just goes to show how much SMTs can bring to Hive when a token system native to the blockchain and protected by consensus is. Pair that with native smart contracts and we will have something no one else has, free three second transactions with the ability to create your own contracts and tokens. I honestly believe this is the only way Hive can become what it has always dreamed of being."
I have the exact same sentiment. I appreciate what Hive-Engine has allowed us to do thusfar and it has really shown the value that can be built here. That being said, Hive-Engine has shown that they either don't have the resources, knowledge or interest (probably a mix of the 3) to deliver on a truly decentralized and robust second layer. I hope to see @blocktrades and the other groups working on smart contract/second-layer solutions come out with something sooner than later.
The opportunity for Hive is massive. If what LEO has built can be replicated but on the first layer, I think Hive can actually thrive in the way people want it to.
To your points in this post about how fragile Hive-Engine is... this is exactly why I take daily snapshots of the exact balances of all LEO stakeholders. Hive-Engine could theoretically disappear at any moment and while the distribution systems/infrastructure would disappear alongside it, at least we would be able to have some downtime as a project and spin up a new LEO token elsewhere and airdrop the right amount of tokens back to everyone.
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I've been known to say many times
We need 100 Leos
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You've been known to be right on more than one occasion. I hope the Hiveiverse listens to you 🙏🏽
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Agree!
That's good to know, I'm glad you always have the stakeholders in mind. It's funny you mentioned this, I was thinking about it all day.
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LEO token hodlers are always the priority 🦁
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This is very reassuring to hear!
For all his game playing, Ned was spot on with that one.
Sadly he never brought it to life.
Fortunately, there is a lot of code for BT and others to go through. The question is whether it is worth very much.
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Question is whether first layer is an important enough metric for people to build tokenized communities on Hive. I think HE is good enough to bootstrap one, but LEO seems to be the only one who actually goes the extra mile. And I'm not really convinced that this will change with first layer tokens.
This has been and still is my primary focus. The Speak network will live on Hive, I want it to be a Hive native token, IE running off RCs, or in some way bringing value back to the Hive ecosystem. I often use Leo as an example of what I mean by tokenized communities. That's originally what made me bullish on Steem and what I'm fighting tooth and nail for today.
It pleases me to know that not only Blocktrades but a handful of others that have the knowledge and resources (if they lack resources I've offered finical help to those capable) and progress is being made. Know that the IPFS backend for the Speak network is practically finished at the foundation, it's now time to create a tokenized system to empower this storage system. So now it's that time, it'll be built one way or another and it will be decentralized or we simply can't use it. I'm stubborn when I think I'm right, and I think Hive will go to another level once these tools are made available for people to tokenized their communities in both a decentralized and economically viable way. I want people to spin up communities + tokens for very cheap and rely on the fact they'll need RC's to back those tokens. it was the original SMT vision and what will bring a ton of organic demand for RCs, thus leading to bullish demand for Hive.