Elon Is Proving Why A Blockchain Like Hive Is Required

in #hive-1679222 years ago

Everyone knows that Elon Musk makes news wherever he goes. This is an individual who certainly walks to his own beat. That said, he is highly intelligent and has already changed a couple of the world's largest industries. What he did in the fields of automotive manufacturing and communications is incredible.

All of this comes with a price. Elon Musk is now a target of some very powerful people. Love or hate him, there is no doubt he is a threat to those in power.

We see how many are upset that he is going to turn Twitter into a place where ideas can actually be presented without censorship. Of course, since it is a centralized entity, we will have to take his word on this.

At the same time, he is constructing a global Internet system that will allow anyone in the world to connect to it. This is revolutionary especially considering the options for acquiring this service in most areas is rather limited.

Yet, we have to consider the implications to those in power. Access to the Internet along with the free flow of ideas is not beneficial to the controlling apparatus. It is not an environment where tyranny excels. Instead, the hierarchical structure with millions of useful idiots is more effective.

Control is the name of the game and Musk, at least on the surface, could be a threat to that.

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Non-Banker Money

The question is who are these powerful people? This is a hard question to answer since many we believe are in control are really just puppets. Most, but not all, politicians fall into this category. Same with government bureaucrats. Quite often, the true power is unseen by the public.

One area we can always get some ideas is with money. There is little question the banks wield enormous power. This is true for as long as humans kept history. It was the true "golden rule".

The challenge with Musk is that he is doing little do address this issue. Sure he supports DOGE yet his approach does not appear to seek freedom. Instead, he marginalizes the potential of the technology behind cryptocurrency along with blockchain.

In fact, stories are surfacing that Sam Bankman Fried wanted to invest $10 billion in Twitter to bring blockchain technology to the platform. Musk denied the request.

Since the Ethereum Merge, it is evident the vulnerability of blockchain is being exposed. The biggest enemy is centralization and control. Here we see the second largest chain, by market capitalization, basically falling in line with government. Compliance is now the standard.

Basically, this is handing control right back to the entities that cryptocurrency was designed to get away from.

It is also a problem that Musk is either completely blind to, or does not care about. Either way, this is not going to help humanity.

We see how vital it is to have non-banker money.

Where Is This Going To Happen?

When we look around the cryptocurrency landscape, where is this going to come from?

It is easy to believe there is a lot taking place to propel things forward but is there really? Are projects actually moving us closer to this reality or is it lipstick on the shift towards even more centralization?

Certainly we can point to the resiliency of Bitcoin as promising. That currency still does what it was designed to do. We can use that network to transfer value from one wallet to another. Since many of the larger mining operations are now facing bankruptcy, we might actually see the hash rate spread out.

After that, what can we add to the list? Who is working on establishing a monetary system that is outside the reach of governments, central banks, and major corporations?

Sadly, the answers become rather evasive when the question is framed like this.

We see so many systems where the vulnerabilities are obvious. With a foundation that has cracks in it, when dealing with very powerful entities, it is impossible to feel confident about much built on top.

As for Twitter, we have to be honest. No matter what Musk does, it will not be a haven for freedom. There will be ways to put pressure on him for control. The same could be true for Starlink. Governments could call it a "national security threat" and step in. The stuff he is building is not outside the reach of governments.

That is why blockchain is so important. When established correctly, it can reside outside the reach of governments. This means there is the potential to create non-banker money, sidestepping one of the most powerful industries on the planet. It also is a major blow to the control system.

Musk talks about free speech yet mentions there will be a committee that meets to decide whether banned individuals can come back on Twitter. To me, that instantly shows a conflict.

In the end, decentralization, distribution, and redundancy are the answers to this game. This is where Hive's entire focus should be. By implementing these attributes on every level, we can see how this will sharply contract most of what is out there.

Of course, this is what the bankers built many decades ago to get around governments. The model is there is we are only willing to follow it.

Musk might be doing some interesting things but he is not providing real solutions to the problem of power and control.


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it's all still the WEB2 mentality... WEB3 is still very much a future project with the fundamentals being installed and refined right now. If one talks to people about this I would argue that 90%+ are not even aware what we are trying to achieve on WEB3 and that why it's so important. The next 10 years should hopefully see a lot of growth in this area

I agree. They do all have the same mindset.

We are not talking about anything different, just varying degrees. Muck might be better than the previous group behind Twitter (or he might not). But at the end of the day, he (and his investors) are still behind Twitter.

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I think one reason for there not being a radical shift in thought is that it does not really benefit them to fundamentally change the system. This is why WEB3 is ultimately a grassroots movement

I agree

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Wow, You are right Elon musk is really doing some great things and he is really evolving on it but I get it he is not really paying attention to the important things, Now imagine he put he's attention on hive Blockchain invest more in it Hive will reach great heights all over the world, You have really passed a crucial information and thanks for that @taskmaster4450 .

He is doing stuff. We will see how well things turn out. What happens with his projects remains to be seen.

He will not engage in blockchain so there is that.

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Excellent information. I was aware of the news, but had not sat down to read what was going on.
Thank you for sharing

I said this the very first time Elon Musk tweeted about acquiring twitter. His vision airway exists and it is ‘Hive’

But how will you let him know that Hive exists ?

We as a community should work harder to reach out to more people and bring awareness .

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I agree. It's still going to be a centralized entity but I do believe that Elon can at least turn that into a profitable entity and that there will be some extent of free speech there. However, I don't believe it will be true free speech as there are all the normal areas economically tied to it.

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However, I don't believe it will be true free speech as there are all the normal areas economically tied to it.

Exactly . When we take Hive on the other hand , this actually pays for all the users and not the owners and guarantees free speech .

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Hope he is not peradventure nursing a hidden agenda? Hope he is not also intent to acquire hive?

I think there are sufficient mechanisms in place to avoid that .

He will have to buy all witnesses which Justin Sun tried to do , that is how Hive was created in the first place.

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Good

I don't understand why a smart person like him in 2021 never talked about HIVE. If he wants a modern social networking model that works he should really study HIVE

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I don't think he even knows about Hive. That's the reason he isn't talking about it .

The hive community should be more active on Twitter so that it becomes visible to him somehow .

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right! You said well, we can increase our interaction right inside Twitter and show how strong the HIVE community is

This is why I love Hive. Sure, there are people here looking to make a buck from posting or by playing Splinterlands, but no other community values Satoshi's vision of decentralization like we do here on Hive.

We will find all kinds of people , I don't think we should really worry about that .

If we are concentrating only on bringing people here who are using the platform because it is decentralized then we will become stagnant after a while .

Hive should be such a platform which will encourage all kinds of people [ from "money" mentality to "entrepreneurs" ]

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Even if Musk is intent on free speech on Twitter, he has chosen the wrong platform which obviously implies as far as Twitter is concerned there will be nothing decentralized about it.
We will be watching what he comes up with now that he has acquired Twitter.

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That is true. He will heave to come under the regulators. There is a point of vulnerability whereby pressure can be put on him.

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It's self evident to the world that he's trying to build an 'everything app' with Twitter. I don't get why he 'dislikes' web 3.0 even though it has a higher chance of succesfully building an 'everything app' than web 2.0. I think he overlooked the challenges ahead. Sometimes being 'too smart' can be a problem.

I am not sure he dislikes it. Either he doesnt want it because he cant control it or it is something he cannot understand.

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Right. I think it's the first one. He doesn't want it because he wouldn't be able to control it.

You don't really see the bigger picture with your hyperbole posts that are always exaggerating the potential of Hive.

It's completely simplistic thinking that it's just the government entity that needs to be circumvented and VOILA... CRYPTO WINS.

NO.. YOU FOOL.

All merchants and anything that requires payment is what obeys the legacy system..

And no registered business, Enterprise or even entrepreneur with a reputation to protect is going to defy the powers that be if they lay down the hammer.

Hive will always be a drop in the ocean compared to global, big money backed systems.

exaggerating the potential of Hive.

I don't think any words or article can exaggerate the potential of Hive .

Hive will always be a drop in the ocean compared to global, big money backed systems.

If we have that mindset then the whole crypto will fail . The whole existence of Bitcoin will be disrupted if crypto users think we can't overcome the traditional system .

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Elon taking over Twitter is the best thing for free speech and open dialogue. I am happy to see people in power who want others to get higher too.

We are still fighting a battle in the cryptoverse against centralisation but I see a way through it all. Everything takes time and we need to build Hive as a viable option with this time.

Elon taking over Twitter is the best thing for free speech and open dialogue.

Better than that is our Hive don't you think ?

What happens after Elon ? Hive is the real answer .

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Sounds nice. I really want to see Hive do great

I just found out about the Bankman incident. I don’t know much about bandwidth or latency and how it links to peer to peer networks, but I’m sure Whatever he meant with his explanation of his decline makes perfect sense. Otherwise, I want to believe he would’ve moved for it if it remotely possible.

Musk talks about free speech yet mentions there will be a committee that meets to decide whether banned individuals can come back on Twitter. To me, that instantly shows a conflict.

Definitely. I guess if only he made twitter users the ones to vote who sits on this committee, it could look like a DPOS consensus thing or it at least would give a better illusion of free speech like what decentralization offers. But this is only if this were possible.

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