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107 sats \ 4 replies \ @crrdlx OP 11h \ parent \ on: stepping off of nostr island nostr
It is indeed an altcoin/blockchain. It's the old Steem, the one Justin Sun tried to take over. The use cases here as I see it:
. reach out to other places and try to get more nostr users . nostr notes get immutably posted onto the hive blockchain . persistent, chronological links . for nostr and bitcoin maximalists, you do earn HIVE or HBD rewards on Hive with each upvote there, they can easily be converted into sats
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10 sats \ 3 replies \ @Scoresby 11h
nostr notes get immutably posted onto the hive blockchain
This is what I couldn't figure out from their website. So how do you pay fees for posting to their chain?
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0 sats \ 2 replies \ @crrdlx OP 11h
There are no fees to post on Hive. Unlike ethereum with gas, or most chains, Hive is free to post, comment, etc, which is really nice.
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10 sats \ 1 reply \ @Scoresby 11h
Well how due they decide who gets block space then?
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0 sats \ 0 replies \ @crrdlx OP 10h
To get space and use the chain, Hive uses "Resource Credits" (RCs). RCs are like gas or mana on other chains. A newcomer is gifted a small bit to get started and people are happy to delegate plenty of RCs to anyone generally interested in starting.
Then, as you earn rewards by posting/interacting/etc, your own RCs begin to recharge on their own. It's like a solar charging battery, you use the charge when you do stuff, but then it recharges gradually (if that makes sense!).
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