Talking With Friends About Web 3 , Hive and HBD

steemychicken1 in #hive-167922 • 2 years ago

I was recently involved in a conversation about WEB3 , cryptocurrency and social media platforms. The people who participated in the conversation had never used platforms like Hive or Blockchain, they knew about BTC and ETH of course, but that was all they knew. Of course I decided to educate them and talk about HIVE and HBD, and at that moment I thought why not write a post so that newbies can read it and get an idea of how the whole system works.

Web 3

Web 3 platforms like Hive offer some unique advantages over traditional Web 2 platforms: They are decentralized, which means they are not controlled by a single entity and are more resistant to censorship and manipulation. They also typically offer users more control over their data and content, as well as the ability to earn cryptocurrency ( HIVE + HBD ) through various mechanisms such as stakes ( APY ) and content creation.

So you asked what Hive is

I did not want to burn their brains over games, nfts, etc., so I started with a blockchain-based social media platform designed to support decentralized applications and services that allow users to share and interact with content without the need for centralized authority or control. BOOM ! (You did not ask about decentralized applications, so I thought I'd get to that another time), so back to hive. So you share your thoughts, knowledge and experiences on the platform and unlike Twitter, Facebook and Instagram the other users reward you by upvoting. You get paid in HIVE ( HP ) and HBD

***What hive use is ***

Hive is the main token on the Hive blockchain and is used for a variety of purposes including:

Voting and participating in governance decisions
Staking to earn rewards (APY) and increase one's voting power
Earning rewards for creating and curating content
Paying transaction fees on the Hive network

What is HBD

Hive Backed Dollars (HBD) is a stablecoin pegged to the US dollar. HBD can be used for:

Making purchases and payments
Earning rewards for creating and curating content
Staking and earn APY

And we have explained all this in 2 hours
Of course, all the information can be found here https://hive.io/
But human interaction is always better and gets others interested.
I hope they can come to the hive and see for themselves the vibrant community that hangs out here and get something back.

https://www.weforum.org/agenda/2022/02/web3-transform-the-internet/
https://hive.io/
https://en.wikipedia.org/wiki/Web3

Posted Using LeoFinance ^Beta

#proofofbrain #neoxian #archon #pimp #hive #newcomers #leofinance

2 years ago in #hive-167922 by steemychicken1

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onlycrypto 2 years ago

HIVE is a great opportunity for all of us, those of us who are committed to the growth of Web 3.0, that's for sure.

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1 vote

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steemychicken1 2 years ago

Exactly commitment will eventually bring success

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poshtoken 2 years ago

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poshthreads 2 years ago

https://leofinance.io/threads/@steemychicken1/re-leothreads-4l6jeu3j
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hivebuzz 2 years ago

Congratulations @steemychicken1! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You have been a buzzy bee and published a post every day of the week.

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Check out our last posts:

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Support the HiveBuzz project. Vote for our proposal!

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allentaylor 2 years ago

If you really want to help them, introduce them to this book about how creators are using Web3 social media to change the World Wide Web.

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1 vote

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steemychicken1 2 years ago

Great suggestion. Thanks

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1 vote

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deepspiral 2 years ago

I find it exciting that such systems are feasible nowadays while at the same time scary that the over-reliance on such systems may bring some kind of next level industrial revolution of information distribution.

Hmm, I would say that the the part about decentralized is not completely true due to the nature of economics and influence though which of course differs from platform to platform, the key component I have noticed is that there is a lot of the times well ignored which is that there are certain pyramid schemes involved in which the older or layer one people are also the ones who are the key entity, it differs from platform to platform of course, I would also like to have a read of what you think are the pros and cons of the various web x y z systems which would make an interesting topic,

Other than that I find the whole article very interesting as a read and I honestly wish you a great rest of the day :)

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4 votes

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steemychicken1 2 years ago

Of course we are at the beginning of a revolution. New capabilities are being created and the way the web functioned until now is slowly being redefined.

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2 votes