reply on: stepping off of nostr island \ stacker news ~nostr

pull down to refresh

43 sats \ 5 replies \ @Scoresby 25 Jun \ on: stepping off of nostr island nostr

What is Hive? When I looked it up they just seem like an altcoin. Nostr is just a bunch of relays. What's the use case for posting "to the Hive blockchain"?

107 sats \ 4 replies \ @crrdlx OP 25 Jun

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

10 sats \ 3 replies \ @Scoresby 25 Jun

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?

0 sats \ 2 replies \ @crrdlx OP 25 Jun

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.

10 sats \ 1 reply \ @Scoresby 25 Jun

Well how due they decide who gets block space then?

0 sats \ 0 replies \ @crrdlx OP 25 Jun

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!).