We are witnessing a time where we're able to send value to others from beautifully designed apps like Hive Keychain to a Lightning adress just as fast as a Solana transaction, just as cheap as a BNB Chain transaction and just as reliably as a bitcoin transaction. Everything with the added benefit of being non-KYC and not dependent on a handfull of frat bros who could pull the plug on the project when it's no longer profitable. I'm talking about using the Hive protocol, of course, the blockchain that forked away from Schleem and seized the founders' stake to put it in a DAO so that only the community-held, fairly-mined tokens remained.
Since the birth of HIVE in 2020, many L1 blockchains have come to light. There have been many NFT projects built on popular smart contract capable protocols such as Polygon & Solana and there have been a bunch of project tokens and meme coins with absolutely no utility at all.
image source: Medium
It's no wonder bitcoin maximalists will simply state that
everything that isn't bitcoin is a shitcoin.
I mean, If 99% of projects in the web3 space are useless, or a straight up ponzi, why even bother looking for the 1% (or less)?
I don't think HIVE is just like every other shitcoin though.
I'm aware that I could be thinking that because of mi bias. I did, after all, trade time for fiat for HIVE and would benefit if the price goes up, but I do see the utility of the protocol and everything being built on it. If nothing else, it's a more private, more resilient alternative for paying Lightning invoices. I know this because I've done this dozens of times while making dozens of video tutorials. I pay shops that accept bitcoin with my Keychain and V4v apps with $HIVE and $HBD I earned from blogging and making other videos.
The question is: how to we get people to find this unique ecosystem full of development, utility and community, when there are literally thousands of other protocols with venture capital funding their marketing budgets and founding teams selling the exact same thing? Decentralization, speed and developer tools beyond what bitcoin could ever dream of.
Whenever a large Twitter account asks...
Name the next 100X altcoin
Thousands of crypto bros flock to post rockets, moons, lambos and memes.
🚀🚀🚀🚀🚀🚀🚀🚀 🚗🚗🚗🚗 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
It's the needle in the haystack situation, isn't it?
I don't mind though.
As long as this ecosystem lets me be part of a community, allows me to do non-KYC business and stack some magic internet money for the future, I'm staying here. There are plenty of tools here that make my IRL life better, so I'm sticking around.
Will I see you in 2030, when the needle in the haystack gets found?
