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BESC in solana- new dex in US VSG in VSC- new Layer1 with promising start
It was the blurst of times, for sure. It's a story that does really give a lot of context to why Hive exists and why you can't kill it, but it also is only a tiny piece of the puzzle and focusing too much on our creation mythos doesn't do enough to sell people on the idea that $HIVE, $HBD, and the things like VSC that are being built in our ecosystem are important and worthwhile to check out. ⭐ grabbed your wallet address, sent you 3$ HIVE, thanks for participating!
I think one of the weirdest and most interesting things about Hive is that even though on a lot of fronts it \*could\* compete, what it really excels at is being a complimentary toolset. People often wonder why any new crypto project pops up, and why everyone is always chasing the next big problem with a miracle answer. As a community that has been around 2016 and who has helped create and nurture Hive out of one of the largest ideological and governmental attacks that's ever happened, a lot of the people who love this blockchain truly believe that anyone (including other chains!) can use it to enhance their own offerings because we're good at things they aren't- we don't need to replace anyone, though in terms of adoption, it is slowly happening over time. When it comes to VSC, it's really easy to see why- truly no-KYC rails and \*actual\* non-third layer blockchain interconnectivity that utilizes our no fee and near instant high thruput is a great match for some of the chains that have wild budgets and lots of hype and adoption, but that create shitty centralization experiences or that still nickel and dime you with fees- it doesn't matter how small they are, they're barriers to better functionality and use. HIVE and HBD are actually already used for instantaneous BTC lightning requests and payments; it allows for zero fees, super fast confirmation and no KYC until you decide to take your BTC out of a channel (which of course, then you're subject to whatever trade or ramp partner you're choosing to work with.) There's a growing group of other projects who are using Hive's voting and distribution system to actually allow other projects (crypto or not) to start spreading points and currencies while building up strong and engaged communities. Dash is a great example of this, using the InLeo front end to help more people get their hands on some Dash as well as providing live tools to enhance and monetize things like X spaces. Getting developers to test it out and take advantage of it is definitely the kicker! When you're not like the Solanas and Polygons of the world, with gigantic grants budgets you can throw at people (regardless of whether they stay or produce anything of value) we're going to have to enter the new year making a lot of noise about how we don't require any special programming but instead can be utilized with free access to RPCs via common web languages, and really highlight a few of our growing initiatives like hackathons. One of the biggest things that people on Hive do is post on Hive powered platforms, which is awesome, because almost anything new can be immediately bootstrapped by the whole community who is wildly passionate- but that sentiment doesn't reach the outside world, which is of course why we're starting out place like here on Reddit to start sharing the possibilities with more people\~
Hive prides itself on being decentralized and feeless, which makes it unique among blockchain platforms. With the upcoming VSC Layer 2 and its focus on cross-chain interoperability, how do you envision Hive competing with larger ecosystems like Ethereum and Solana in terms of adoption and developer interest? What strategies are being implemented to attract more developers and projects to build on Hive? Hive Wallet Address: rzc24-nftbbg
Looks like VSC just made a big move by teaming up with Victus Capital! 🚀 They secured a $1M investment, which will boost their infrastructure, security, and overall growth. Victus isn't just providing cash either—they're offering strategic advisory, which could help VSC expand its reach and attract new users.
I think that was the Lummis Gilibrand bill, right? I had ChatGPT read it. The status on Congress.gov is still at Introduced. https://www.congress.gov/bill/118th-congress/senate-bill/2281/text “The bill’s provision on “De Minimis Gain from Sale or Exchange of Crypto Assets” introduces a tax exemption for small gains from crypto transactions. Specifically: 1. **General Rule**: The bill proposes that gains from the sale or exchange of crypto assets (as defined in another section of the bill) will not be included in gross income if the sale or exchange is for: - Cash or cash equivalents, - Property used by the taxpayer in the active conduct of a trade or business, or - Property held by the taxpayer for the production of income. 2. **Limitation**: This exemption applies only if: - The total value of the sale or exchange does not exceed $200, or - The total gain from the sale or exchange does not exceed $200. 3. **Aggregation Rule**: If multiple sales or exchanges are part of the same transaction or a series of related transactions, they will be treated as a single sale or exchange when applying this $200 limit. 4. **Inflation Adjustment**: Starting in 2025, the $200 thresholds will be adjusted annually for inflation, rounded to the nearest multiple of $10. This provision is designed to simplify tax reporting for small, everyday crypto transactions by excluding them from taxable income if the gains are minimal [oai_citation:1,BILLS-118s2281is.pdf](file-service://file-VSC6wMe9VEzyIHwre4j487jH).”
Putting most of my crypto into VSG. It is about to launch a layer 1 blockchain called VSC in September. Their NFTs will give residual income from every transaction on the chain. So if it does well I will be a millionaire in no time. Crazy. Still many NFTs to buy up before chain is live and then they will get sold out quickly. Residual income for life doesn't sound crazy to me. Come see for yourself if I made a good investment at VSGOFFICIAL.COM
$VSC will be a massive l2. $VSG will be the Gas that runs everything