I can see the appeal in this pitch but people need to be careful with the mindset of making money without doing anything. I think this could be dangerous, because so long as money keeps coming people might neglect investigating and doing their own diligence.

That comment was from my last article by @tommycordero, and I totally agree with him. Money has gone through various evolutions over centuries from trade by barter, precious metals to the fiat system we have in place today. One thing though is that for the most part it has represented a means of exchange of value.

Then again, one can argue that the notion gradually started fading with the coming of fiat and the money market. There isn't any real value being created but investors found a way to make a fortune off its movements. As of today, it is about the 'easiest' way that investors do make money without actually providing a good or service of value.

I have always seen crypto as the next phase in the evolution of money. The crypto space provides an added layer of security, a means of storage and gives a new dimension as a means of exchange. The coming of CBDCs has more or less validated our thinking of crypto as the next logical step in this evolution and we are well on our way in that regard.

Still, value has to be considered. In hindsight, one can argue that cryptocurrencies are inherently valuable on their own being able to act as a store of value, medium of exchange and additional layer of security in the first place -which beats the fiat monetary system hands down in terms of utility. However, this is probably not enough to warrant a sustained passive stream of income in the long term without some other form of utility being created.

Hence it is probably correct to predict that not all crypto projects currently running will succeed long-term. Not all DeFi yields will be sustainable in the future. Many people I believe realize this, which is why there is always a mad scramble to grab as much profits as possible during the early stages of a project. The future of a project will ultimately be decided by the utility it is able to provide.

Luckily, the potential of cryptocurrencies go far beyond the three advantages previously mentioned. There is already a push to make it applicable in virtually every area of our life, thereby creating self sustaining utility.

Hive for instance is valuable in the social media space, which is an industry worth trillions of dollars. Rather than distribute that to a few stakeholders, everyone has a stake here and gets something. Therefore participation will get you rewarded unlike most conventional social media spaces.

Then you talk about other chain projects like Splinterlands (Gaming), Leofinance (financial advice, investing) Sportstalk (sports blogging) and many others which are all a part of huge industries. There is no doubt on the value being derived from this place and ever bigger potential in terms of job creation and innovation in these respective industries.

Conclusion

One can likely guess we're in the right place with the Hive chain.