Hive's Future Value Will Be In The Billions

in #hive-1679222 months ago

Things are changing very quickly. It is difficult to keep up with how industry's can be completely altered. While a decade might seem like a long time on one hand, it is a spec in time when looking at the bigger picture.

Of late we discussed the idea of Web 3.0 and how one of the core pieces is the combination of social media and finance. The latter is what can possibly make these networks worth a great deal more.

In this article we will explore the present value of Hive along with where it will proceed.

Digital Wallets

The digital wallet was a major innovation. It is often overlooked yet the functions that it provides radically alter the financial system.

This single device can replace a bank for 90% of what most people use it for. The ability to send, receive, and store money was something monopolized by the banking industry. A wallet effectively eliminates that need.

At the same time, cryptocurrency was built on blockchain, providing the world with a completely new ledger system which can be utilized to transfer value. All transactions are made in that currency while they are recorded on distributed ledger technology.

The impact of this is yet to be realized. However, when this matures, we can presume the value associated will be enormous.

Ark Invest tried to quantify the potential in their Big Ideas paper.

We know services such as PayPal and Square are worth billions. The present market cap of PayPal is over $90 billion. Of course, we have to mention this is really nothing more than a payment system.

Building upon this, Ark forecast the value of a digital wallet into the future.

Here are their conclusions.

ark1.png

They also put it in chart form:

ark2.png

As we can see, due to the different services that can be tied to a digital wallet, the value of each will be worth significantly more in the future. While the number might not be exact, the mode of analysis makes sense. How much activity will be tied to these wallets in the future?

Hive Wallets

We all know that Hive is overlooked. For the time being, that is okay. We are in the process of building.

What started as a social media network is transitioning. Each social media user is worth a couple hundred dollars in value based upon market pricing. For example, the purchase of Twitter for $44 billion puts each user at roughly $175.

This is obviously a long way from $22,500. It also shows how finance is vital. Bank of America of over $300 billion. By treading into investment banking, we see JP Morgan topping $400 billion.

Here we see the difference between social media and finance. Combining the two should leverage the best of both industries.

As for Hive, where do we stand at the moment?

According to the stats compiled in this post, we have a chart outlining the number of users. Since each account is tied to a wallet, and most activities on Hive has some time of monetization tied to them, we can look at this is the number of wallets.

Here is the chart:

image.png

With over 35,000 users, this puts the future value, using Ark's numbers, at $787.5 million. This is much higher than the present market cap of $130 million.

Naturally, Hive does not have a robust financial network built out at this time. We are still in the early days yet this does show the potential of what exists out there.

Businesses As A Foundation

The Ark list has a lot of industries that blockchain is not yet involved in. For example, we do not have much in the way of insurance. The mortgage industry is also something that was not tapped into. These are sectors that we can expect innovators to start investigating throughout the rest of this decade.

With Hive, building businesses will lead into enormous network effects. Each success will enhance the entire ecosystem.

Look at the @podping project. Here is what was sent out on Twitter.

podping.png

That is a significant number of an insignificant chain.

The fact that 15% of all podcast updates are received by the podcasting applications via Hive is very telling. Where will this number be in by the middle of next year?

Of course, this is not financial in the sense of what we are describing in this article. It does, however, save these companies a lot of money on running servers that scan for updates. Podping, i.e. Hive, handles it for them.

Here we have one example that provides value that is not directly tied to the ecosystem. We do see a valuable service forming that will be a basic part of these applications infrastructure going forward.

As for finance, this was the idea behind the Hive Financial Network written about a month or so ago. There will be another article coming out describing a lending application that can be build, something that moves Hive closer to Ark's vision regarding digital wallets. This will target the "Personal Credit and Mortgage" section of the chart.

What happens when Hive has 500K monthly users. If we apply Ark's numbers to that, what kind of valuation is there? Social media becomes the feeder system for the financial. Simply be partaking in social media activities on Hive, one is involved with decentralized finance (DeFi). As we build out more aspects to the financial network, other services are available to people through their Hive account.

This is the potential that we often discuss. It is also something that many are dismissing.

Even if we reduce Ark's projections to $10K, half a million wallets has a valuation of $5 billion.

Financial accounts are worth a lot more than social media. This is the area to leverage for enormous growth.


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The rewards earned on this comment will go directly to the people( @taskmaster4450le, @ishareontwitter, @badbitch, @mcoinz79 ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

The possibilities are endless, but unless they are applied it still means nothing. But I’m very optimistic for the future of Hive.

The possibilities appear to be endless each time we look at Hive's capabilities. I remain optimistic as well.

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Possibilities and coming to fruitioin requires effort, ie activity. That is why each of us has a role to play.

Each person who has any $HIVE in the wallet has a vested interest in these numbers coming true.

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Bang, I did it again... I just rehived your post!
Week 133 of my contest just started...you can now check the winners of the previous week!
!BEER
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So long as there is positive momentum and confidence behind Hive users, there will be a huge amount of growth in the right direction. Don't feel reluctant, hold your coins and acquire more right now.

I agree about holding the coins. However, another key is for people to take action. We need to get the numbers up. That is where the network effect comes from.

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Each social media user is worth a couple hundred dollars in value based upon market pricing. For example, the purchase of Twitter for $44 billion puts each user at roughly $175.

Who figured this out, and how?

It is impossible to actually put a price (even an estimate) on the users in general. Some people have more influence than others, and there are many other factors too.

$44 billion divided by 250 million users gives a price per user. With Facebook (Meta) take the market cap and divide by users.

That will give you the price per user.

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With Facebook (Meta) take the market cap and divide by users.

Interesting aspect. If we see it (only) this way, then the people (as individuals) are monetarily not very valuable for Facebook. But probably there are other factors too. For example the influence of certain accounts on the platform. There are many Facebook pages/profiles with high number of likes/followers, and many people listen to them. Probably the activity of those influencer accounts affects the price of the Facebook (FB) share.

They have a value that can be quantified. The point is that social media is not as valuable as financial.

So by implementing both in, a system will be more valuable.

Hive does this.

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I think the social aspect of Hive is mostly ironed out. Building the financial aspect (like the Hive Financial Network) would unlock many more possiblities for the Hive ecosystem. It's a work in progress, we'll eventually get there if we continue to build.

There are a lot of things we can do. It will end up being big part of the ecosystem in the future. The advantage is our decentralized wallet system is already in place.

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BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

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The future of crypto is not written yet. I did a post about Hivers in India and people there said that government crypto-taxes are not helping adoption. I also posted a poll about crypto on Mastodon and nobody there seemed that impressed by it. But that still leaves a lot of people who may be into it, so we still have that potential. I am interested to see where the next 10,000 Hivers come from.

Hive, so far, has very little in the way of finance. It is mostly social media which is odd since the foundation, the ledger, is financial.

Either way, we are in position to heavily leverage this. We need more financial options which can be accessed through people's social media activity.

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The advantage of Hive is that it is fundamentally a social platform evolving into various kinds of usages and having a digital wallet fundamentally.
Every other use case emerging on Hive reflects its robust and fertile nature in accommodating multiple DApps.
These are placing Hive in a strong position going forward.

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I think the advantage, as it pertains to this discussion, is the decentralized wallet and payment system that is arleady created. This is something that we know is going to be needed by Twitter. Musk has to build that and even then, it will be centralized.

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Account ownership has to be the most overlooked aspect of this ecosystem.

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They will realize it the first time they get their Web 2.0 account closed and it has money/assets tied to it.

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I love the current developments in the HIVE blockchain network. The developer community of the platform is doing great even at this hard moment. It started as a social network but now, the use cases are enough to label the HIVE platform as a fully functional blockchain network. The platform will face mainstream adoption especially when the nuisance in the crypto space are wiped out.

Thanks for sharing such an interesting insight buddy

We have to give a lot of credit to the developers, both base layer and with the apps/project teams. They are doing an incredible job.

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Interesting numbers I must say, integrating financial services on Hive would open up a lot of possibilities, in fact, it is crucial we begin to pay more focus to building out such considering that the Hive framework would be pretty welcoming to it.

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An upcoming article will spell out more of the framework. Some of the infrastructure is being built so it will help to push us forward.

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What I love about Hive is that most of the users that discover this ecosystem and try it out through blogging and other dapps from here, will be long-term users of the platform. User acquisition is low as I believe that most of the growth from here is organic. This is the recipe for a healthy blockchain which should ensure a bright future for it.

So far we bring most in through blogging. That is what needs to change. Bringing in people via other means could attract different types of users.

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So the damage is even bigger of bullying new users ( excluding the network effect).

I so hope that you are correct. !hivebits !PIZZA

I see the future potential of our beloved Hive Blockchain Ecosystem, which is why I have commited and devoted myself to building and growing here to the best of my ability. This is why I show up here every single day. What seems small and insignificant now will at some point have immense value. I'm all in! 😁🙏💚✨🤙

Seems like a smart idea to me. That is what I am doing.

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I see that, and I appreciate you for it a great deal! 😁🙏💚✨🤙

There will be another article coming out describing a lending application that can be built. . .

I've been waiting for this.

!CTP

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to the moon

With what you have here, the sky is our limit.
Thanks for this informative post. I really do appreciate because I come to know that as a hiver the future is really bright for me.
Thanks once again.

There are a lot of possibilities and it would be great to see a lot of people use Hive without even realizing it. That would be the best thing we can see for Hive as it would just be a part of everyone's life.

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This one is a jaw dropping stat

Just how??? I'm proud of what Hive has pulled off. We don't have VCs or lots of 💰💰💰 for marketing. But we sure do have some of the coolest tech & awesome community !PIZZA !CTP

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The DHF funded the project and got the code built. Now podcasting apps are using Podping for the indexing of new podcasts it provides. This allows them to tap in to what is posted on Hive (as custom JSONs).

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If HIVE prices fly high those who join here will be rich.

Right now we Hivers are like a bunch of kids playing on the Atari, but one day we'll be in the PlayStation 5 days.

Interesting review

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