HIVE Or Bitcoin: What Is The Utility?
On this weeks Leo Round Table, there was a discussion about the pros and cons of Hive and a comparison to Bitcoin. Which is better and what does each serve?
In this video I lay out how I see the difference between the two and what has to happen to optimize the value of both.
▶️ 3Speak
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Agree, Hive has more tech than Ethereum, micro-transactions are one of the main reasons people stay with Hive.
Thanks for your enthuasiasm in our beloved community @taskmaster4450
@taskmaster4450 i love the fact that the hive blockchain enables one to be able to earn some token for creating and curating great contents,it makes the hive blockchain to be unique and more useful.....
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Summary:
In this video, Task discusses a recent debate on the Leo Roundtable about Hive versus Bitcoin and delves into the future and utility of Hive. He emphasizes that money is just a tool for collaboration and highlights how the value of currency stems from its utility. Task compares Bitcoin and Hive in terms of their utility and potential for growth. He sees Bitcoin primarily as a store of value with uncertain utility for everyday transactions due to scaling issues. On the other hand, he views Hive as a different asset, emphasizing its efficiency for microtransactions and the potential for business building on its blockchain. Task believes that for Hive to reach its potential, more focus needs to be placed on attracting businesses and entrepreneurs to the platform. He concludes by highlighting the importance of creating viable business models on Hive for long-term growth.
Detailed Article:
Taskmaster4450's video revolves around a debate on the Leo Roundtable regarding Hive versus Bitcoin and delves into their future potential and utility. He starts by asserting that money functions as a tool for collaboration and underlines the significance of utility in determining a currency's value. Task compares Bitcoin to Hive, highlighting Bitcoin's role as a store of value due to its scarcity and speculates on its future value. He then discusses Bitcoin's limitations for daily transactions due to scaling issues, pointing out its inefficiency in handling small purchases.
Transitioning to Hive, Task presents a different perspective, focusing on its utility for microtransactions and its potential for business development on the blockchain. He emphasizes Hive's scalability and efficiency for small transactions, distinguishing it from other blockchains like Bitcoin and Ethereum. Task discusses the importance of businesses being built on Hive to drive up demand and create value for the platform. He argues that Hive's value lies in developing a strong business ecosystem and stresses that more entrepreneurs and businesses should be attracted to the Hive blockchain.
Taskmaster4450 also touches upon the value of Hive as a base pair for tokens on the Hive blockchain and emphasizes the importance of creating sustainable business models to drive adoption and growth. He suggests that the scarcity within Hive's model, along with its transactional efficiency, could lead to its increased value in the future. Task concludes by highlighting the need for a shift from speculation to business building on Hive to realize its full potential and generate long-term value for the platform.