RE:RE:Love Aimia, but Hive is for realMorning Guys,
It’s fairly complicated, but can be summarized pretty simply; Blockchain is - blocks of information that are chained (linked) together through a common platform. In this case, I’ll refer to Ethereum which is basically a programming language. Ethereum will allow developers to build new platforms for smart contracts. Basically, shifting or eliminating traditional middlemen products from banks, insurance, real estate companies etc. This essentially saves everyone money and produces a verified transaction in a public ledger which is supposed to be extremely difficult to alter. So if you buy a house, it is on record that you bought on a certain date for a certain price at a certain time etc. No more lost deeds or lost anything - comete history of everything related to that property.
All these crypto currencies that we read about are simply rewards for miners who help develop the programming language. So bitcoin, Ethereum, Ripple, EOS, IOTA etc are simply reward tokens given to miners throughout the world as they use computers to develop and refine the computing language platforms. This is what you see being traded. These coins are finite in supply and will become valuable validation instruments as the language gets closer to its final stage of development.
All of the middleman-less block of transactions will be verified in the future by holders of the tokens. (Again, I’m trying to not over complicate this) Comoanies who hold / own these tokens will be able to use them as instruments to validate Smart Contract Transactions around the world. Every time they validate a transaction to be recorded into the Blockchain of information, they will receive a small transaction fee.
In in the case of Hive, they mine Ethereum and will have a significant stash of tokens. So, in addition to the value of the coin itself, they will make money validating transactions as well.
This is the same for all of the coins you read about, these coin holders will make money from the validations and the increase in value of the tokens. As the world increases its use of Blockchain based transactions the value and number of transactions will increase.
Hive was was one of the first public companies in this space. Their CEO Harry Polkrandt has a lot of connections and experience in nuturing start-ups and getting financing. Frank Holmes is a highly regarded in natural resources and emerging markets, Frank Giustra is very successful in mining and entertainment etc and Genesis Mining is a major shareholder in Hive.
Look, I’m not saying invest; I’m saying keep your eyes on them. If Blockchain and the underlying platforms become widely adopted and they seem to be with all major firms around the world, including the Canadian Government, this could be a cool opportunity.
I simply wanted to share that’s all. I really love AIM and will buy but will repatriate my funds back to Hive for their Q3 announcement. This will be the first time investors will see what they’ve done and it should be well received.
Thats my quick and simple peek into them.
Hope that provided something.