The Hive ecosystem is an amazing things. It is difficult to understand which many view as a negative. Actually, this is a very positive component.
Hive is a complex organism. Like most, there are many nuances which can be difficult to figure out. We use the term ecosystem to describe what we have here. I find this to be accurate.
The challenge with an ecosystem is it can be difficult to understand. If we look at a biological one, such as a rainforest, can one explain the interconnected components? Some can but the majority of us never thought about it.
We see something similar with Hive. While one could explain the root system of the trees, that person could be lost when it comes to the mating habits of a particular species of birds. At first glance, it is easy to walk through the forest yet, while this is done, a lot is going on outside the view of most.
Focusing upon the base layer means we might miss what is taking place with sidechain infrastructure. Concentrating on that could present the situation where progress with an application is overlooked. Time spent on that app means the development of a game is missed.
All of this ties together since it is part of the ecosystem. While the expansion of the root system might not directly correlate to the worm that is being fed to a young bird, it is all part of the overall makeup.
Hive Expansion = Larger Ecosystem
Everything is a part of this.
Here is a mindset that I think is missed by the majority of Hive. Each action is recorded and add to the ecosystem. Every vote, comment, post, money transfer, and piece of code written impacts what is taking place.
The goal is to keep expanding Hive. To do this, people keep taking thousands of actions per day, enhancing the size of our ecosystem.
This is to the benefit of everyone involved.
As the pie gets bigger, move value is created. How this is monetized is still under development since the entire digital realm is negotiating the future with artificial intelligence, decentralized databases, and enhanced communication system.
Nevertheless, from the base layer up, we see more being added which provides even greater opportunities to people. Since this is cryptocurrency, the tokenization process means we have instant monetization.
Open Data Center
There is a great deal of discussion these days about data and the value it commands. I am of the opinion that Elon Musk's purchase of Twitter really was a data grab. He spent $44 billion to get a hold of one of the largest databases in the social media world.
We all know what Google and Facebook have at their disposal. What is interest is that this same conversation is not applied to Hive.
At its core, Hive is a decentralized, censorship-resistant database. Anyone with the base coin, HIVE, can stake it and write to the network. This means that we are building an open database that ensure it is available to all who seek it.
In a world where many fear the impact of corporate (and government) controlled AI, you would think this is a priority. Yet, judging by the actions of most, it is nary a consideration.
Hive is the idea data center since it can house any text data. This is not relegated to financial transactions like Bitcoin. Nor does it require cumbersome smart contracts filling each node like the EVMs.
Instead, this is a text database that allows for anyone to post data. In an era of AI, this is going to be extremely valuable.
What will put Hive on the map? There are many ways to answer this question, all of which will be supposition. That said, one thing that could garner attention is the data availability that Hive offers.
We saw both Twitter (X) and Reddit take some action to prevent the scraping of data. Companies are thirsty for it and are willing to hit the social media platforms whenever they can. In response, these companies throttled the APIs, placing limits on what can be pulled.
With Hive, that will not take place. While the individual API operators control their servers, anyone can set one up. Therefore, a company in need of data to train a neural network could set up a node and pull the data from the blockchain.
Suddenly, we have another value proposition that few are talking about. Again, the direct monetization is not evident but it could make people aware of what is taking place here.
Most know Wikipedia as a source of information. Under this scenario, we could see a reputation forming based around being the go to place for data.
Everyone Should Focus Upon Building
Hive is for builders.
This should be our mantra. It is vital for everyone in the ecosystem to adopt this mindset.
What is built is going to depend upon each person. Some are able to code and create applications. This is, however, only one piece of the puzzle.
Everyone has the ability to add to the blockchain. Every 3 seconds there is another block full of data being added to the chain. What did you contribute to that block?
If data is the new oil, growing the pie is essential. It also benefits everyone who is part of the ecosystem. Anyone with a single coin suddenly has a financial interest.
So while we focus upon social media, gaming, and finance, it is important to keep an eye on the fact that we are an open database.
Growing this is essential if we want to have a massive pool of oil.
It is all in our hands. Each person's activity only enhances what is in the database. Over time, as they say, it all adds up.
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