If you listen to my videos you would have heard me say things like, "Go to where the ball is going." A reference to buidling the products you think will be in demand in the future.
I've always seen Hive as being where the ball is heading. WE've been here for a while, even without all the fancy things like SMTs. You can build an immutable site/community here, which in itself is priceless in an age of censorship. I know Hive can and will be used for much more than just social sites. however, I believe social will be at the top in network effects for dapps built on Hive.
I often hear the question, "how do we get creators to bring their audience to hive?
Well, you know 3speaks moto: "Tokenized Communities" That has been the goal from the start, and the vision has not wavered, only gotten clearer. You give creators the tools to make more money then they can on Youtube. That's it, that's the magic sauce. There is not a single thing aside from straight-up permabans that will motivate content creators to create on Hive, but most importantly to bring their audience with them.
The first step in this vision has and always will be "SMTs" or a form of them. Whether it be layer 1 or 2, I am controlling what I can work on and that is layer 2. I believe SMTs are the silver bullet for Hive. That is why my focus is shifting to decentralizing Hive Engine. The potential in a decentralized sidechain with IBC to eth and other chains is so massive I can't begin to tell you how many doors this will unlock for Hive.
Tokens + Ads, that's the formula. You give a content creator the ability to create their own token. Give them tools to easily spin up a front end (like tribes) with plug & play ads on their front end. To display an ad on the creator's community front page you need to buy x amount of the creator's tokens, shout out to @imwatsi for buidling this.
This is a value cycle that can spin to ridiculous success. Not only do creators keep 100% of their ad rev, but they also tokenize it creating a secondary marketplace that trades 24/7 adding instant liquidity to the creator's networks. This is where we see YouTubers becoming billionaires, there is so much money in advertising (the biggest business in the world use ad rev as a business model) and simply giving creators more tools with all of the earnings is something no one can compete with.
The value is brought back to hive via network effect. If bitcoin had 100 hodlers it would not be valued, no matter the underlining code and how badass the tech is. Bitcoin in millions of hands is what gives bitcoin is strength.
Imagine Hive in 10 million hodlers hands. all contributing via word of mouth.
This is why I never trust the masses, they just don't understand, which has become a meme, but it's very true, few understand...
Investing is mostly a confidence game. The richest people in the world are not smarter than you or me, they just had the balls and conviction to see what others couldn't, and never strayed the course when called crazy.
Decentralized second layer Hive with IBC, that's the next big milestone. And lots of Hivers, including me, are working to get it done.
Now you tell me any other project out there that can do what Hive does, we are so close to having a complete product with built-in bullish use cases. Time to sprint to the finish line and get it done!
3speak will be hosting a hackathon coming soon when it open sources, this will include building on top of the decentralized sidechain. Once finished 3speak will have the world's most advanced decentralized storage network for video communities. Exciting things on the horizon! #BUIDL!