People Trying To Figure Out How To Be Inclusive Like Hive

It is amazing how, in some way, everyone is trying to recreate Hive.

As stated repeatedly, the major problem with cryptocurrency is that it is an exclusionary system. While there is talk of inclusion, that is not the reality.

From a technical standpoint, it requires expensive hardware to run nodes on most blockchains. Mining equipment is very costly these days meaning that most cannot get involved in Bitcoin or Litecoin validation.

Then we have the Proof-of-Stake (PoS) systems. People here are confronted with cost along with the problem of coin distribution. It sets the system up to be controlled by just a few people.

Distribution is another area where cryptocurrency, for the most part, is exclusionary. We are basically dealing with two ways to get the coin: run the aforementioned nfrastructure or buy it.

For much of the planet, this is not possible.

Source

Trying To Replicate Hive

There is a project called Over Protocol. It seeks to democratize the infrastructure realm to allow anyone to participate by utilizing the resources on their personal computer.

It does this through data partitioning to between the different layers. I will not comment on the validity of this project since that is not my area of expertise.

For those interested in looking into what is taking place with this protocol, here is the website.

The point is they are trying to create an inclusionary system. To me, this is a beneficial step forward. Of course, the drawback could be the fact that one does not receive the base coin but a token the protocol created. This might not be a major issue if the project takes off.

Nevertheless, they seek to open up the door to others joining in the providing of infrastructure. It is along the concept of inclusions equates to decentralization which is a more secure system.

Isn't this exactly what we discuss on Hive each day?

Decentralizing Infrastructure And Distribution

We actually have a couple areas where we see this in action.

It all starts with the distribution of the coin. As stated, for most blockchains it is either run infrastructure or buy it. On HIve, we have a third option: get rewarded.

Through social media activity, people can earn the governance coin, allowing them to have some stake in the system. This can come through the efforts of the individual, regardless of financial or economic state. Anyone with an Internet connection can participate.

A few days ago we covered the three things that separate Hive from everything out there and the distribution mechanism of the coin was unmatched. This means we are dealing with something that is, by nature, inclusionary since anyone can earn it.

The second area we see this is regarding SpkNetwork. Here we have a mindset that is penetrating many developers. They are creating their networks with the idea of decentralization in mind.

For example, the SpkNetwork has designed the Proof-of-Access protocol that enables validation of file storage on individual hard drives. This earns people rewards for providing infrastructure that effectively operates like a decentralized cloud. If millions of people around the world end up providing storage, we have a system that opens up the door to the masses.

In doing a quick search, there is a 12 TB external drive available on Amazon for $330. That is less than $30 per TB.

What makes this system even more effective is that cost/storage unit comes down over time. In 3 years, we might see a TB of storage for under $20 on average.

The point here is that a system like this can grow over time simply due to the fact that hardware gets less expensive over time. With advancements in compression, software stacking, and other architecture, developers seek even greater efficiencies.

Hive's Layer 2

We have not even embarked upon the concept of a [Layer 2]](https://inleo.io/@leoglossary/leoglossary-layer-2) (or sidechains) in this discussion.

There is a process of building out more infrastructure that can offer more option to communities, project teams, and even individuals. We are looking at this equation multiplying a great deal over the next 12-18.

At present, there are dozens of projects that are working on expanding their offerings, all tokenized. While the market price is not on these at the moment, we see games, applications, and investment opportunities being built on the second layer.

In short, people on Hive use the tools before them to create a scenario of inclusion. Many of these tokens can be accumulated based upon activity. Here we see the idea of buying in as just one option.

What do you think will happen when the individuals within the Hive ecosystem have more tools at their disposal? My guess is we are only going to see more innovation. This will grow the concepts we are discussing here on an exponential basis.

Of course, that is the golden nugget. I said all along we are still constrained in what we can offer both developers and users. We are still dealing with infrastructure limitations which have to be resolves.

Once that is done, I believe we will see a natural progression of innovation that really make Hive standout.

Until that point, we just watch as everyone tries to recreate Hive, only touching upon a fraction of what is offered here.

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What is Hive

Posted Using InLeo Alpha