Buying Domain Names Or Creating Hive Accounts?

So I just came back from twitter a few hours ago and couldn't help but write this post, for the sake of those who do not understand the beauty of this social network. Hive is built differently and considering it's not only a social network, but many other things including an investment platform, a payment system, a savings account, and many more.

The comparison between these two things may sound really weird but for some monetary reasons, which of course comes first when it comes to business, they are clearly in shape to be placed under a category to compare.

Keynotes;

• Domains are internet protocols (mostly identified as web names)
• Hive is a crypto powered social network
• Hive accounts are an NFTs
• Hive is a store of value
• Hive is a decentralized application (thus a self managed bank)
• Domains are just strings, not many things else
• When it comes to domains, you just own the name that's cover the complex numerical IP ( provided you pay :) )
• Hive is free :)

Shall we elaborate?

This publication was prompted by the recent domain sale of over $400,000 out of determination to earn 10 bitcoins. An individual bought a domain back in 2017 for about $16 and was able to negotiate a deal to sell for 10 bitcoins. It's a crazy story, just one of those out of the blue occurrences. This caused me to contrast, is it worth it most times?

When it comes to the online space, there are always lots of life changing opportunities, one only has to stay woke to the tools and build from it. Buying domains is a business, now imagine you own the domain crypto.com, you'd probably be sitting on a handful of cash as that would take a high bid, it's fun and games but what are the disadvantages?

Being able to market a domain is an hassle, being able to maintain it is another, **do you know it costs about £17 - over £50 to maintain these domains? Maybe that sounds small to you but wait until you realise you're just a domain trader looking to make a profit and you've bought and held for years with no significant bids, sad right?

Let's talk ownership

^{zoom in}

How well do you check on all them FAQs? Of the help center perhaps? I mean I barely ever read terms and conditions but here we are…

If you follow the link- FAQs, you'll stumble on a page that outlines what happens to domains when renewal terms are not met. We live in a world where businesses are set up to empower service providers to tax the shit out of the seekers, why not let us have the damn domain in peace? You basically pay till the day you leave this earth or leave the domain of course, so GoDaddy is basically forever rich...

Ownership never existed until crypto came…

According to GoDaddy terms, ^{after 72 days of not sticking to the renewal terms, your domain is removed from your account and you can't renew it any more. You may be able to register the domain after the registry has released it, but GoDaddy can't advise when the registry will release a domain for registration}

Understanding The value built into hive accounts

Domains are supposed to be treated as assets but they are being operated as rental services. You never really own a domain, you just rented it. Now someone may say that it's righteous as GoDaddy maintains the functionality of it. There's absolutely nothing wrong with getting paid to maintain our domains, I'm pretty sure anyone would agree to that, but taking away what we bought just because we've kept it offline and not paying for maintenance and shit? No, that's just unjustifiable.

Hive is a million times better because you don't really have to pay to create an account in the first place, nor do you have to pay to maintain it. The blockchain keeps your account alive without taking a shit token out of it.

Creating Hive accounts is far better than buying domain names because;

Hive accounts are NFTs

That is because they are non-fungible. There can never be two @malopie, or two @John, there's only ever going to be one! This has a series of benefits, because when you're looking at branding, viewing your hive account as a business, you don't really want to have more people creating the same account name to lure your customers do you? Or do you really want to own a brand with a name tag of @teedogs5676? Well that's too crappy to attract anyone!

This of course gives it a similarity to domain names (but better), and sets it apart from social media names, since Facebook has like a million John, but there's only one on hive,

Hive accounts are Investments and Savings Account

With HP incentives from curation and an APR incentive for just having your tokens staked, that coupled with the interest paying savings via HBD, hive is positioned to be explosive because it covers a wide space of opportunities.

^{There's a huge reason why businesses will buy hive accounts if their desired names were taken}

That Is;

Money
Traffic which= Money!

So money all the way? But how?

This was a huge loss and it's still pretty much there. Now this could be a potential business losing money to numerous accounts that have acquired their business names. Your website and pretty much all your social accounts says you're called teedogs and yet one hive you're teedogz? Or teedogs4645?

Now no business wants that to happen. For this kind of mistake to be avoided, businesses will buy hive accounts for a lot. Hive accounts are ultimately better domains and anyone sensible enough can begin to draft out ideas and acquire business names which could make them thousands of dollars or hive depending on the payment currency in the future. Don't say I didn't tell you, hive is a business, learn, earn and grow.