The Exponential Nature of Hive
Here is the article mentioned in the video:
https://inleo.io/@taskmaster4450/hive-taking-advantage-of-the-long-tail
Hive is a digital ecosystem. This means that we are dealing with something that has the ability to expand exponentially. Of course, depending upon where one is starting, that might not be large in the overall scheme of things against everything else. Nevertheless,everything has a starting point.
When we are dealing with technology, impacts tend not to be linear. This is something that I see regularly. As I delve into my projects, I see how the next 6 weeks will result in greater productivity than the previous 6. This means the impact will be greater to some degree.
It is a concept that traverses the entire ecosystem. Nothing happens in a vacuum. Here is where Hive can truly make an impact.
▶️ 3Speak
Amazing how the longtail theory has married into the exponential nature of hive. Challenged the perspective people have thought will grow hive of only interacting with others, but grown the interaction to the blockchain. Where people have to start developing and inspiring others to take up the challenge. Interesting
Summary:
In this video, Task discusses the exponential growth potential of Hive, emphasizing the importance of focusing on building the platform at a fundamental level before reaching market activity, value, and users. He highlights the significance of engagement with the blockchain and ecosystem in driving growth across different areas like transactions, pages, and users. Task reflects on his own project, Leo Glossary, and how it exemplifies the exponential nature of digital platforms. Drawing parallels to Amazon's success, he underscores the power of the long tail strategy in disrupting industries and explains how the same principles can be applied to Hive to achieve significant growth.
Detailed Article:
Task starts by delving into the exponential nature of Hive, stressing the need to concentrate on foundational aspects like pages, applications, transactions, and utility to pave the way for substantial growth in the platform. He emphasizes the non-linear progression of Hive, indicating that every action has a greater than one impact, setting the stage for exponential evolution. Task underscores the importance of engagement not just among users but also with Hive's blockchain and ecosystem to catalyze growth across all metrics.
Furthermore, Task shares insights from his experience with Leo Glossary, a project aimed at creating a comprehensive framework within Hive. He mentions the interconnectedness of posts within Leo Glossary and the significant volume of content being generated, hinting at the long-term commitment required for such ambitious endeavors. Task envisions a broader scope beyond traditional platforms like Rotten Tomatoes or IMDB, aiming for something more extensive and impactful.
Drawing parallels to Amazon's evolution, Task elucidates how the long tail strategy propelled Amazon's success in disrupting the retail industry. He underscores Amazon's ability to offer a vast selection of titles due to its digital platform, as opposed to physical bookstores limited by shelf space. Task links this narrative to Hive, advocating for a similar long tail approach to attract users and drive growth exponentially.
Task concludes by highlighting the transformative potential of multiple project teams embracing this exponential growth approach on Hive. He envisions a scenario where collective efforts lead to a snowball effect, attracting more participants and stimulating further innovation within the ecosystem. Task leaves viewers with a thought-provoking notion of what could be achieved on Hive with increased financial resources, hinting at the platform's untapped potential for growth and disruption in the digital landscape.
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