The good the bad and the ugly about #HIVE

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I am not going to start this post with some silly review for the #cine community. It's not as if this niche on blogs needs to be filled, but here we are with communities dedicated to reviewing what has been reviewed thousands of times before without being on a block chain. What's the real utility?

Don't get me wrong, communities are great on #HIVE. We see the utility as the concept right out of the gate as being very different from most shit-tokens on the inter-webs. It's better than personal blog sites because there is a larger ecosystem. The main issue is monetization and as always onboarding and expansion. Sure the more posts and reviews and keywords bring traffic to HIVE. Then someone tries to sign up and give up as quickly as they started. It's still complicated. Keychain's, Hive signers, Master passwords, Active passwords, POSTING passwords. - UGH

It literally took me 6 months to figure out crypto and exchanges. I had the time and the will-power. Maybe they say I'm early, maybe they say I'm stupid. I have made a little money with hive. It's not my main 'money' maker for cash flow, but it's enough to keep me engaged with the community.

Like any 'business' cash flow is the most important thing. When money is not coming in and expenses build up you either cut or invest what may be left to expand. The question is if #HIVE is expanding. Communities are great and all but if blockchains are not scaling upwards it will eventually crash. I used to liken Hive to a ponzi but as more utility comes on to the chain this thesis no longer takes hold. In our life things need utility. We can communicate, reward, and now even play games on hive. Even some AAA games like #PsyberX are attempting the plunge. There are many users on HIVE who think PsyberX will fail. There are a lot of promises in this world with very little follow through and many rug pulls. I am gambling that it will work out and hopefully be rewarded. I'll be honest the development looks great so far so I'm a little more optimistic then the nay-sayers. They do drop their UNREAL engine builds and play. August 18th will be a preview for founders such as myself to look at the map they are building.

https://www.psyber-x.com/

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The onboarding process is still too difficult. We all like having higher #HIVE prices but just remember disposable income has to go towards buying the token. In this recessionary environment I do not think the expansion we are looking for is at $5-$10 per coin. I know some #HIVE maxi's say this but if you think a marketcap will 500%-800% x you need a good reason for it. We all saw what brought #BTC to $61,000 USD and it was a majority fraud and leverage.

So as many of you know I am part of the MANCAVE / BRO. I hold over 1000 BRO and it's probably my best paying div token to date on #HIVE. There are talks to create a more 'monetized' token that can be spent. What will be spent on? Games, more utility. This is where communities are headed. I have even suggested for the #CINE community to create trivia to burn or spend the token to win 'something'. This is true building and the 'mataverse' of things.

So in conclusion. It's still the same issues, albeit the building that has gone on over the past few years have shown some accomplishments, some failures, and has given more questions about true scaling. I guess I could go on and on but Hive should be here for years to come.

Posted Using LeoFinance Beta



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