You are viewing a single comment's thread from:

RE: Hive Summit Aachen - musings

in #hive24 days ago

Hive is perhaps the only true, good cryptocurrency that complements Bitcoin and completes Satoshi's vision of a democratic currency that can support a parallel economy that works for the people.

I came to the community on a lark, as a substitute for Twitter. My son told me about this blogging platform where you could not only engage, but also earn coins. The coins were just a perk, not the reason to join.

After being here a while I understand deeply how important this source of income is for many people who do not come from viable economies (heck, one day I may not be in a viable economy). There are philosophical reasons to stay, to earn, to participate.

Yes, I like the coins. The fact that they are inflationary or deflationary is mildly interesting to me, but I move on and continue to blog. It's the blogging I love, and I admit, the upvotes.

The mechanics of Hive (and crypto) are not really clear to me. Nor are the mechanics of fiat. What I do understand is that in each case faith, belief in the value of the currency, drives its growth or failure. I do understand your essay, though.

A great read!

Sort:  

Thank you! 😊
One thing I kept repeating during the presentations is that Hive is much more than a blogging platform. In a sense blogging on Hive, as it is now, is not economically viable long term. Cryptoeconomics is fascinating to me.