We Need Centralized HIVE Accounts!

in LeoFinance12 days ago

Sometimes you just loose faith in humanity. Don't think something bad happened to be during the few days I did't post. I was busy with the annoyances of having a life beyond the internet and I had much closer interactions with people away from blockchain and the world of technology. People don't care until they really have to. By the time they really have to, they don't even know to tell what is golden and what is mere trinkets.

It's Better To Just Funnel Them In

STEEM has been creating more new accounts than its forks. Maybe they are from spammers. Maybe it's Tronics joining in because of all the marketing efforts of Justin Sun. @penguinpablo creates very useful statistic reports to monitor how things are going at the blockchain level. Take a look at few important numbers:

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@leofinance has been onboarding more users than @splinterlands and I assume most of these users are new to using HIVE blockchain. Although the numbers are decent in relative terms, it is quite pathetic compared to so called censorship free platforms that are popping up in response to the ideologically & politically motivated actions of private companies like Twitter, Facebook, YouTube etc.

They Suck! But They Have Signups

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I'm happy with efforts of @khaleelkazi to tap into those Ethereum DAPP users by allowing signups through MetaMask. It complicates what @leofinance has to do. But I have come to realize that it's not enough and it is too rigid to focus on MetaMask users.

What Do They Have To Loose

If these masses are already using centralized platforms that offer a terrible deal and if they are willing to signip for non-antifragile platforms like https://parler.com and https://www.bitchute.com I'm asking "what will they loose by not having access to their HIVE accounts?"

HIVE community has a history of both censorship resistance, commitment to discussing sensitive topics as adults (to a reasonable degree) and we are not some left/right wing bubble. __WE even pay for engagement. How much do these people get paid of https://www.bitchute.com and ow would things be if this was @threespeak?

Let Them Signup With Facebook, Google or Whatever & Take Your Cut

@leofinance can keep the private keys and take 50% of what the authors are making if they want. By the time users learn that they can own their own social media and don't have to login with E-mail or social media account, they can request for the keys and change the keys for and toss away the middleman that is @leofinance

This has the potential to bring in more people into decentralized social media in a massive scale. The difficult part would be to setup the infrastructure for the task. This might be a tough pill to swallow for some who wants to get rid of Google, Twitter, Facebook etc. Please understand that none of the existing features or uses are getting diluted at all. You might even consider it a form of marketing.

This Could Be A Profitable Business On Its Own

In the absence of sophisticated DEXs, centralized projects tool over the custody of crypto assets. Most of you who are using HIVE have at least one centralized trading account with KYC completed. An entrepreneur who hold custody of HIVE accounts will be doing something very similar. User assets (HIVE account) will be held by trusted entity and as a part of the service a percentage of all earnings will be taken and sent to the company account). If cryptosphere can have centralized exchanges, we can have centralized entities taking care of accounts on our decentralized social media.

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100% with you ! I know we are decentralized but I am astonished by the lack of leadership and personal investment (time and planning mostly) of our top stakeholders.

Are they fine with HIVE going to 0? When you see what other smaller size projects are doing, we are close to slowly dying...

Cheers and I hope some big stakeholder will read this :D

I am astonished by the lack of leadership and personal investment

There is no better place to prove this other than DHF itself. Luckily some very good projects got funding. But here is a list of potentially great projects that are below the Return Proposal:
@keychain
@steemstem
@hiveads
@waivio
@quello
@ecency
@hive-engine

I also remember @dapplr having so much difficulty getting funded and they never got the 500 HBD/Day proposal funded AFAIK. I'm honestly surprised by the amount of stupidyty a person needs to conjure up to not support @dapplr @ecency and @hive-engine as soon as possible while we have the chance to be in the market before the masses come. But we have too many idiots counting pennies that tragically fail to see the opportunity cost of waiting for mobile apps and DeFi.

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I guess quello is dead now. It is really stupid that @dapplr did not get required support but I am happy they are able to release their app.

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That's why I'm powering down hive and buying LEO...

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Drugwars was good creating accounts on Steem through facebook and google. HIVE should do the same.

For a brief time they were literally world's #1 DAPP. There was nothing special with gameplay. Rewards were nice, but nothing to consider it a long term HODL. It was that they were good at onboarding. I don't remember them being very aggressive about it either. They made signups easier.

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"@leofinance can keep the private keys and take 50% of what the authors are making if they want. By the time users learn that they can own their own social media and don't have to login with E-mail or social media account, they can request for the keys and change the keys for and toss away the middleman that is @leofinance"

We have this minus taking any cut of their rewards for Metamask users. On our latest episode of the podcast (recent post on @leofinance), we talked about the Metamask integrations more in-depth and described how it works. Users can do everything Hivers can do but they don't need to download any Hive keys (unless they decide to do so from the wallet page).

As for the centralized services like Twitter/Google/Facebook - this is one of the best ideas to grow Hive yet nobody is doing it.

We've been cooking up the LeoInfra V2 update for the past nonth and a half or so. Check back in with LeoFinance in the next ~1.5 weeks and then do a follow-up to this post 😉

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i am curious, we got hive that's stable and i don't see much going on (in terms of the ones behind the scenes) while many of the tribes are working extra hard and achieving small victories!

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beautiful post and I fully agree with what you wrote

Let Them Signup With Facebook, Google or Whatever & Take Your Cut

Exactly. Someone had to say that too.

In the absence of sophisticated DEXs, centralized projects tool over the custody of crypto assets. Most of you who are using HIVE have at least one centralized trading account with KYC completed.

And I have no problem with that. Don't want to trash the idea of decentralization, but human consciousness at the moment in my opinion is not ready for decentralization.

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Fully agree with you - the easier it is for new users to create their account with us the better. People are used to just signing up with their Google and Facebook accounts and if we'd allow it here, it would be yet another hurdle removed.

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The difficult part would be the implementation. I think the experienced gained from MetaMask integration will come in handy here.

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@tipu curate

This is very nice idea and will boom the signups.

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Preach it!
We aren't loosing anything with centralized accounts. I hope @leofinance or some other (maybe @blocktrades or @theycallmedan) would make a great business out of it.

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Wow. I never had this information even though I had others. I am also on hive. This is my link https://hive.blog/@maxwellelisha19

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