What does hive mean to me?

What does hive mean to me?

To me hive means “metamorphosis” we are a new community and platform emerging from the Steemit platform and Steem community.

Picture by @shortsegments

What do you want to see HIVE evolve into?

I want to see Hive evolve into a multifaceted platform with Communities and niches like it was occurring on Steemit, but in addition I hope Hive and Hive-Engine will have decentralized commerce like Ethereum.

I would live to see something like the MakerDao here and other platforms like Tokeny here on this platform taking advantage of faster transaction times, cheaper resource credits versus expensive gas and ether for transactions and better scalability for busy times then Ethereum.

I would love to see the further development of Tokenization on Hive. Tokenization is a very large developing market that uses digitization of assets to unlock equity in high priced real estate like luxury resorts or expensive pieces of art. The number of people who can buy this real estate or art at prices in the millions is few. But using Tokenization to achieve fractional ownership allows the owners to receive cash for their equity and by selling less then 50% of its value through Tokens and fractional ownership they can get cash and maintain control of these assets.

Additionally nonfungible tokens allow investors to tokenize securities like treasury bonds at their maturity face value and borrow money against these assets to invest in other assets or to loan out. This credit facility allows investors to make money and money lenders to make money. These mechanisms are the underlying principle behind the Ethereum MakerDao and it’s multi-billion dollars in business.

What do you think about having a large funded DAO for future HIVE development?

The Ninja Mined stake was the prime focus/debate in Steem Blockchain. The idea of using it for DAO seems reasonable and a nice funding mechanism for projects.

Written by Shortsegments

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