Greetings all and Sundry! It's another great week to share with. Every week comes with great things to write about keeping well engage with our members here. We wish to always remain active to grow
@hive.ghana in the space of Hive Blockchain. I hope you would love to share with me too. With the 3 great prompts, I found it interesting to write about all, but which to write on first was challenging for me. However I found the first prompt very great to share first.
"Do you believe that Hive has the potential to make a great difference in a world where there is a prevalent sense of fear, uncertainty, and doubt surrounding cryptocurrencies?"
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With the advent of Cryptocurrency like Bitcoin which was invented by Satoshi Nakamoto around 2008, the coin has remained one of the valuable digital currency ever in this World due to the large crowd of people who use it for transactions and investment. Again it's one of the highest exchange rate against the safe haven currencies like Dollar and Pounds. Now one (1) Bitcoin in Dollar rate when this post is written is equivalent to $27202.31. This value is like to push up at the World market in as much as there are more buyers who need them for transactions.
This made a lot of people and the pioneers of Bitcoin to keep their eyes on other cryptocurrency assets like Ethereum, Tether, Altcoins and the like. They all begin to follow suit when Bitcoin begin to push up. Now, digital cryptocurrencies are predominantly used all over the World today. There are establishment of numerous Cryptocurrency assets in space. To engage as many people who cryptocurrency for trading like buying and holding for future trading when the market goes down would be more boring. So it sounds great to motivate people to blog while receiving crypto tokens for trading as well. And this brought the great platform with support sharing contents to receive token as Hive Blockchain.
Despite the fact that many Countries have challenged the usage of Bitcoin and other cryptocurrency related coins in their Countries as legal tender for transactions. I believe they have great future advance and it would come to a point where almost all the people will embrace the usage of cryptocurrencies of which Hive Blockchain isn't left out. It sounds highly insane to carry a lot of paper money with you when travelling from say Ghana to USA or from different Country to another Country while we have different cryptocurrency wallet to keep your paper money in the digital form which is equal to your paper money. In the first place, there would be a threat of theft looting your money on your way. It becomes bulky to carry such physical amount like $200,000,000 with you. You wouldn't be comfortable and stress can even kill you having that assets in money money. The paper Money would still be there when you need some scanty to make some purchases, yet one can convert in the digital form and become comfortable when you have cryptocurrency wallet.
It's the same as Hive trending in the future of crypto Blockchain. Once that the liquid tradable Hive comes in digital form which can be hodl and exchange for one currency. People are embracing the fact that the paper Money would be there, yet when it comes to transferring or carrying from one Country to another it becomes more useful using cryptocurrencies. This aspect make Cryptocurrency like Hive been sustainable for future transactions and other purposes like investment.
For my opinion the difficulties of some Countries still dragging their feet to accept the usage of some cryptocurrencies for transactions in their Country is the fact that Bitcoin and other related Cryptocurrencies have high exchange value rate than their native Currencies. So allowing it to be traded fully would turn to overshadow their native Currencies. Imagine one Bitcoin in Ghanaian cedis is equivalent to GH¢ 304446.37, 1 ETH is equivalent to GH¢ 21279.16 and 1 Hive to Ghanaian cedis is GH¢ 3.9. We should remember that every Government wants to protect his native Currencies and that is the secret and fact about most Countries don't want to legalize most of the crypto currencies assets as legal tender in their Countries. However, most of individuals who use internets are rather highly patronize the use of Crypto for many transactions. So it doesn't matter much whether the Governments at various Countries would legalize or not. Meanwhile many Countries too have legalize the use of Cryptocurrencies in their Countries for trading.
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I believe Hive Blockchain technology has unique system of its operation different from the use case of other cryptocurrencies. Being a Decentralized Blockchain which support blogging, that's sharing content and receiving tokens. The contents of graphics, videos and texts that we share Linking to other social media is a great advocacy of marketing strategy. Let me remind you that it's a platform that wish to set freedom to many people in the World through the philanthropy work it renders for many communities. With the recent package projects of Hive Borehole project for less endowed and deprived communities, is another Hive branded projects to support relief a lot of people from suffering. Getting portable drinking water is the basic necessity everyone has to get. Not all other cryptocurrencies platform run this kind of project just for free to support communities. For most cryptocurrency platform, you need to rather invest a lot more money before you can gain, but Hive isn't like that. One can start from nothing to gain something by sharing credible contents. Being a little creative can let us earn a lot when you share with Hive Blockchain Community.
With time hive will be the most popular web3 Blockchain and others will try to emulate it. The only fear we have is that most people dont have the patience to invest their time on hive. Which may lead to the slow growth in hive
We need to continue creating the awareness campaign to people. Thanks very much.
Yes of course
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