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RE: From User Generated Content to User Generated Capital - Sound Familiar?

in HODL7 months ago

This is a great find as well as being an excellent example of what is taking place out there.

However, I want to point out where Hive has the distinct advantage.

To start, Hive is much further along and continually separating itself. There are a lot of people working on different aspect of this entire ecosystem. This means that innovative ideas come from areas that are not offered through a centralized application. Even the UI is different since Hive has so many different ones.

There is also the fees. We keep harping upon this but it is consistently being driven home. Do I need ETH to upvote or post a comment? Each time I want to send a tip, I have to pay a fee. On and on it goes.

This, in my opinion, really stifles innovation since it limits what developers can do.

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Very valid point. It also reminds me about when I wanted to trade my BAT tokens, due to Ethereums high fees at the time, the cost of fees was more than half the profit. It truly does bring limitations to what people can do, compared to a fast and feeless tech that Hive has created.

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It is something that few think about until it hits them.

Many of the applications built upon blockchains with the fees are going to feel the pinch since users will not like giving up, as you stated, half the profits.

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