Why And How I Am Still Very Optimistic About Hive
Some think that I am all onboard the Elon Twitter train. I will acknowledge that I think he is going to do great things with the platform. As I repeatedly wrote, he is going to turn it into a financial epicenter.
That said, Elon is not about decentralization or Web 3.0. He is all for regulation and has no problem with KYC. He is not building anything that is comparible to what Hive is starting to lay out.
In this video I discuss where I see the future of Hive and how we have our model already before us.
▶️ 3Speak
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we need great marketing and more dapps!
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You want to build the whole thing up from the ground? How can I be part of that?
We already are. There is a lot of things taking place on Hive. Just jump right in wherever you see an opportunity.
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Hive is definitely a great aspect and it's got so many possibilities. The freedom realm is certainly going to be more important as the Eth chain becomes more of the CBDC chain controlled by the banks as you said, and we know it will be from just this short time as PoS instead of PoW. What that will mean for us long term is yet to be seen but I am hoping that we can be a bastion of freedom, both financial as well as other pieces.
One thing that I would love to see integrated into Hive is the ability to mask transactions like they do on Monero. If we were able to achieve that in some way, so that we could anonymously send Hive to someone and it be a valid transaction on the blockchain however not traceable with nosey eyes of government and tax officials looking to scrutinize every little thing, then I know we will have an environment that's got the best of so many worlds.
A privacy layer would be interesting. I have no idea about the dynamics behind that. Obviously that is not something that I imagine is very easy.
Maybe have things run through a mixer. I am not sure.
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why so underrated :/ puzzled...
I just made a video about it.
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!PGM
!MEME
!LOLZ
Credit: memess
Earn Crypto for your Memes @ hiveme.me!
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Sign the petition https://bit.ly/aa22zz
Summary:
In this video, Task puts forward his thoughts on Twitter, Elon Musk, and Hive. He clarifies that Elon Musk is focused on Web 2.0 and Twitter's future expansion into finance, payments, and banking. Task believes Hive's strength lies in being an infrastructure layer, emphasizing its unique features and the absence of smart contracts. He compares Hive's potential to the regulatory challenges faced by other cryptocurrencies like Ethereum and Cardano. Task envisions Hive's future as part of a Eurodollar system, free from central bank intervention, emphasizing the importance of decentralized financial applications like DeFi. He highlights the significance of financial aspects over social media in the blockchain industry, promoting Hive as a gateway into decentralized financial systems and advocating for financial freedom as essential for true freedom of speech.
Detailed Article:
Taskmaster4450, in his latest video, shares insightful perspectives on Twitter, Elon Musk, and the future of Hive. He addresses Discord messages questioning his views on Twitter and Elon Musk, emphasizing that Musk's focus remains on Web 2.0 and not Web 3.0. He predicts a significant transformation for Twitter under Musk's leadership, envisioning its expansion into various financial services, including banking and payments, while complying with regulations.
Delving into Hive, Task elaborates on its core as infrastructure, highlighting its distinct features like immutable text for long-form content, serving as a decentralized text database. He points out Hive's lack of smart contracts, indicating ongoing development in this area at the second layer. Comparing Hive with other blockchain projects, Task emphasizes the regulatory challenges faced by Ethereum and Cardano, suggesting that Hive presents an alternative option in the evolving crypto landscape.
Task envisions Hive's future within a Eurodollar system, drawing parallels to the international bankers' model from decades ago, emphasizing the system's reserve-less nature and decentralized, peer-to-peer interactions. He sees Hive's potential in financial applications like DeFi and emphasizes the importance of decentralization at both the base and second layers.
Furthermore, Task discusses the significance of financial components over social media in the blockchain industry, portraying social media as a valuable onboarding tool for the broader financial network that Hive aims to offer. He stresses the link between financial freedom and speech freedom, highlighting the importance of controlling one's money to ensure true freedom. Taskmaster4450 concludes by encouraging viewers to consider Hive's role in creating financial autonomy and its potential impact on individual freedom and societal values.
In essence, Task's insights shed light on the evolving landscape of blockchain technology, the potential of Hive as infrastructure, and the critical intersection of financial services and decentralized applications in shaping a more inclusive and empowering future.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.