Hive: The Blockchain and Currency for Abundance

Seeing kids earning and being able to spend Bitcoin in Africa warms my heart. I have always had the dream of finding a way to help eradicate poverty in the world because there's nothing more painful than watching a child cry because they can't access the necessities they need, while their parents feel desperate and frustrated.

Currently, there are various campaigns in Africa promoting and adopting Bitcoin. I mentioned an experiment where pupils are rewarded with bitcoin sats for their knowledge acquired through testing. This gives these little ones a chance to earn some sats once a month and buy the sweets they love.

I highly appreciate the efforts of the Bitcoiners in Africa. However, as I discussed in a previous post a couple of days ago, Bitcoin has its limitations. While the lightning network has made BTC more spendable, its scarcity prevents it from being a currency of abundance.

At some point, the Bitcoin donations for these kids will dry up, and they will be left with their acquired knowledge but no Bitcoiners to reward them with sats. The Bitcoin bag has a bottom, and that's the harsh truth. In contrast, Hive is somewhat bottomless. I won't reiterate what I discussed in the linked post.

Instead, let's explore why Hive is a bottomless bag. Critics often overhype Hive's inflationary nature when comparing it to Bitcoin. Hive doesn't have a cap on the L1 tokens that are mined daily and distributed to HP holders and content creators through various curation and content creation processes that are beyond my understanding.

The misconception is that Hive's value won't grow because there will be too many coins in circulation. However, this only applies when dealing with a user base that isn't expanding, which is far from the truth for Hive. We have new users joining and participating in the ecosystem on a constant basis, boosting Hive's value as a blockchain and HIVE as an L1 currency.

"What if everyone sold their HIVE like these young ones from Africa do with their earned sats?" That's not going to happen. I believe that even when we reach 1 million users, the tokenomics of the Hive blockchain will remain balanced. We are not all the same. Not everyone depends on their HIVE earnings, and not everyone wants to constantly sell and treat Hive as a mere employment opportunity within the rewarding system.

There will always be individuals seeking to accumulate as much HP as possible to have influence over the network and reward distribution. There will always be projects like @liketu and @leofinance aiming to increase their stake to stimulate community members to be active and post content within the community.

Hive, in many ways, surpasses Bitcoin, and these aspects make it a blockchain and currency of abundance. Just think of HBD savings, Leofinance, Liketu, 3Speak, Splinterlands, and so on. These are all means of generating abundance, and these are the things that should be taught to these kids in need. We need more platforms like Hive, and we also need more people from Africa on Hive.

Don't worry, they won't tank the price. Not everyone is a seller around here. Otherwise, we would be nothing more than Steem 2.0 by now...

Thanks for your attention,
Adrian

Posted Using LeoFinance Alpha