Hive Is The Next Big Thing As SocialFi Is About To Explode.
Remember when NFTs existed but didn't get the kind of attention they have today? Hive is on its way to becoming one of the biggest and if not the biggest Socialfi platform in the world.
For those who are not used to the term, Social Finance aka Socialfi incorporates both social networking and decentralised finance by rewarding its users for their social interactions on the blockchain.
As we move in the direction of a decentralised Internet, socialfi is a key aspect that would make freedom of speech and complete ownership of contents published on the Internet a reality.
The mainstream social media platforms as we know them have their flaws with the most being that they are owned by a group of people hence are completely centralised and users lose the ownership of their contents which are exploited by the companies to make profits (the users are basically used).
Socialfi changes all that and taking Hive for example, the blockchain belongs to all it's users and not some individuals. It's decentralised and users have complete ownership of the works they publish on Hive.
The aspect of a decentralised finance is one of those things that would make Hive explode sooner than we think. The ability to earn from your contents is still quite nobel and Hive has done justice to that as users can earn while creating and curating contents on the blockchain. Saving HBD on Hive at 20% APR is also one of the juiciest investment for a stablecoin in the crypto world that is free from hacks and security breaches most defi platforms face.
People are beginning to understand the need for a decentralized social media platform which offers more than just social networking and Hive is the answer. Hive incorporates everything basically from blogging/ publishing platform, video streaming platforms, play to earn games, Defi and NFTplatforms. It basically has all the the features desired by users of the flawed mainstream social media platforms and it is just a matter of time before it explodes.
With every passing day we see lots of new Bees coming to Hive and this is just a sign that Hive is about to become the next big thing.
Like Memecoins, Defi and NFTs I believe the next big explosion in the crypto world would be socialfi and Hive is at the forefront of this revolution.
Decentralised social media is the key to everything!
Posted Using LeoFinance Beta
Yeah, to alot of things
We are not getting anything on the centralized social media platforms. We can use that for free. But that turns users into products. What you share over there, you don't own that. But here on Hive, you own everything you share and do. You have the freedom and at the same time, you can earn. This is amazing!
When people realize what centralized platforms really do, they will move to decentralized platforms like Hive.
Exactly, and people are beginning to realise that they need a platform like Hive to earn from their contents and grow without with censored or used by the owners of a social media platform
Unfortunately Hive is not free of hacks and of security breaches. Hive account hacks already happened in the recent past. Even in the LeoFinance community.
People clicked on scam links in the comments, and they "logged in" on a copy of Hive, giving one of their private keys to hackers, and making their accounts spreading the scam links. Some of these accounts has been successfully restored, some of them are not.
I do not know the ratio, nor any other data about this, but the main point is the fact that hacks are already going on on the Hive blockchain, and the users should be careful where they enter their private keys.
The scammers are creating websites, which looks very similar to Hive, but the urls (links) of these websites are obviously different, and these websites has nothing to do with Hive.
So advice everyone to be careful where they enter their private keys. If someone is not careful enough, then it is possible to lose their Hive account temporarily or permanently.
Yeah, hacks are still possible with phishing links but I meant a general hack of the platform where hackers could get away with funds. Hive is built in a way that we can't have a scenario of that magnitude. Hive's security is pretty tight and almost every long time user of Hive already knows how the phishibg links could look like regardless of how appealing they may be.
Hive is still new and will be in the coming years but after that, there will be a major change. Many people who are in the crypto world, still lacks the knowledge that they can post content on hive, a decentralized world.
Yeah, Hive still seems new but the idea has been around for over 5 ideas now. We're getting so close to the mass adoption of Hive.
Agreed 👍
When i joined hive last year it looked like dead but yesterday checking back now it is full of community everywhere. And i see many new thing. i am genuinely optimistic on this
There has been so many developments on the blockchain and so many current ongoing. Hive would be bigger than we ever imagined in thr coming years.
I believe SociaFi is crash-proof to a great extent.
And that's simply because people will naturally interact on a great social media platform based on the blockchain, irrespective of what happens to the value of the token system.
Whether it rises or goes down, people will still post, people will still comment, vlog etc.
They would have built such social systems that actually builds true value in terms of information. And people would always look for good information.