RE: Hive: Not The Same As It Was A Year Ago
(Edited)
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Going forward the biggest thing that needs doing is getting onto the western exchanges.
The fork was essentially an east-west split. Eastern people stuck with Steem and Western people migrated to Hive.
But all the action is on the eastern exchanges, which makes like very difficult for a western person.
Ideally I'd like to see Hive on Kraken and maybe Coinbase, which means the whole of North America and Europe then have access to good exchanges linked to their bank accounts. I don't know how to make this happen. I think you need to pay to be on these exchanges, so maybe a fundraising effort needs to happen.
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That is still secondary in my opinion and is still focusing upon just trying to move the price up.
Attention is what is needed which comes from the network effect. Hive has the chance to be extremely successful, not do to hype or pumps but because of development. Look at all the chains that talk about what will be done.
Hive will be able to see look at what we have.
I dont disagree that exchanges are required. However, if you are making enough waves, the exchanges will want the token since they do not want to miss out on the transactions taking place.
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Coinbase support for Hive would be very good.
We could buy and sell Hive directly without the need of exchanging it to any other cryptocurrency first. This would also mean less fees on withdrawals to my bank account.
Coinbase is currently the only cryptocurrency exchange, from where you can withdraw money to a Hungarian Forint (HUF) bank account.
Exactly - the western users of Hive are not served at all by having Hive traded mainly on the eastern exchanges.
As long as Hive is on the eastern exchanges only, it's fate is tied to Steem. If it can get onto western exchanges that don't have steem listed, Hive should then be able to develop it's own unique path.