It's the festive season of the year again.
The parties and meet-ups with friends and relatives to build my tummy has already begun. Chances are, by the start of 2023, I will gain another few kilos!
But weight is not the only thing I try to gain.
I try to help the Hive community gain users too.
So far I had mentioned Hive to friends at two separate parties. They have gone well, in that there is no strong skepticism and we are still friends after the Hive talk. :) It helps that these two folks are familiar with cryptocurrency trading and mining with the major tokens prior. So they can understand what I mean.
After speaking to them briefly on Hive, I don't think they are ready to jump onto Hive as yet. My conversation stopped at giving them an overview of what Hive is, which is a big chunk to share in itself!
Pitching Hive to people is hard.
These two friends already knew about blockchain and concepts like decentralized ledger, mining, and on/off-ramp, so I can skip those. Else these fundamentals are another essential to introduce.
So what had been the core elements of my pitch about Hive?
They are as follows:
- I am now passionate about this Hive blockchain that many do not know about.
- Basically, Hive is where I can write a post, and fellow Hivers can upvote (like in Facebook, Instagram, and Tiktok), and I can get rewarded with Hive tokens, which can be converted to fiat.
- Likewise, as a user, I can upvote others' posts. But what the earned does not come from my Hive balance, i.e. I am not paying for it directly.
- Instead, the reward is paid by the code that runs the blockchain as it spits out Hive regularly, when they are mined.
- Upvoting is a way of mining Hive, but the amount of Hive is mined for each Hive user depends on how much is being staked individually. Stake means locking it up for a period.
- I use Hive daily, and it is important that we invest in something we can directly use. As such, I am less invested in BTC and ETH, because they have limited usage and gas fees are high.
- In Hive, transactions are free, and fast. I find that it is good for my use, and I don't need other blockchains.
- I see its potential in the future because users discuss Hive on the blockchain itself, so we will hear about the problems and opportunities on it directly. Unlike other blockchains where information is generally kept secretive and the community doesn't have a single channel to discuss them.
- I would compare Hive with Bitcoin, and say that they both are wholly owned by the community. As I know why Bitcoin got traction, which is due to its censorship-resistant nature, I think Hive is a better form of Bitcoin for that reason.
- I would explain the historical Hive fork episode to substantiate why Hive is a blockchain that no one can sue, like Bitcoin. This shows that the community is tight.
- There is more to Hive, such as games and DEX built on Hive, with many tokens and taking advantage of smart contracts.
- I use Hive like a migrant citizen of a new country. Of course, I need to learn the rules and find opportunities. People can build businesses there. New solutions are needed on Hive, and that means opportunities!
Then I leave it. I think that is enough for a pitch.
If they deserve Hive, they will ask me for more information.
I always believe that Hive should only attract people who can contribute to Hive, and that normally takes people with some inquisitive qualities.
No, I am not interested in people who are just pouring money into Hive. We already have the people at the Korean exchange for that. We don't need more traders.
We need more quality users who can figure out how to create an account themselves to show they deserve Hive!
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @jacoalberts, @young-kedar, @svanbo and @hankanon!
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