Yea, That's the long term game. I don't see myself really as a hustler, because I don't think that hustle is a very reliable way to build a long term business.
There are statistics for Patreon that indicate that the majority of people attempting to make a living there are not.
I don't know where it is -- but I assume that 20% or fewer of the total people on platform are making 80% or more of the profit.
Pareto Distribution.
This is why building a business is so critical, because it's a long and ugly and lonely and poor slog unless you're trying to be the best in an area.
Again, these ideas they're probably not for everyone, but unless you know what these things are, and how they work, it seems really likely that you're just going to be a part of someone else's machine -- someone who understands these things more than you do. In some cases, that's exactly what people are looking for - I haven't found a machine I enjoy that will take me.
Also - agreed about the HIVE being more valuable at the end of a bull run --
This gets back to the idea of multiple platforms for businesses.
I spoke with my dad once a while ago, and he told me that his job in the city had something called "Deferred Payment // Deferred Compensation" something like that. It was basically an investment account that was managed by the city that placed a steady amount of income from each check into a stock market index, [probably], over a period of 40 years until he retired.
In its best use case, I see HIVE that way.
As an investment account component of a larger income strategy.
A good strategy is to come up with something amazing like this - in your own field - that you can dine out on for the next decade or so - https://designingoutcomes.com/the-padagogy-wheel-v3-0-learning-design-starts-with-graduate-attributes-capabilities-and-motivation/ (it's a teaching theory example)
I'm down with Hive as a long term VEST plan - part of the reason I'm so into lEO is because the curation returns are double what you get in Hive, so more return!
Yea, I think I'm a ways off from being able to see that big of a picture. I'm pretty good at coming up with little examples now.
The first book that really resonated with me on this level was the Design Principles Permaculture book by David Holmgren.
I felt like he was describing Financial Permaculture, which fascinates me.
I haven't read it, but I'm 100% sure I know what he's going to say. Coincidentally I'm moving to Portugal next month with the plan to buy some land and Permaculture it - I'm very much into a future where I'm as dependent on money as little as possible.
It was early retirement extreme by Jacob Lund Fisker for me - great read! He retired at 36, although with a Phd in physics he's hardly ever going to be short of job offers.
Retire by 36 is an excellent goal.
Yea, the basics of that book are just taking the standards of permacultural design, and abstracting them to ideas.
Instead of locking "stacking functions" into "This nitrogen fixer also provides forage for chickens."
It can be applied toward projects / relationships / studies / economic investments, etc.
Interestingly enough I found that the army also has a book that goes over this sort of thing, and engineers also get into it, in the form of redundancy and efficiency design.
It was pretty eye opening for me at the time.
Since then, I've studied a lot of Seth Godin and Tim Ferriss, and used those ideas to try and understand what else was going on with creative business people.
Cryptocurrencies have sort of blown my mind.
I'm not even remotely aware of the extent of what is possible here -- but I try to be aware enough to see that there are a ton of experimental economic, crowdfunding and collaboration models that are just waiting to be experimented with by people who want to build projects / communities.
I'm grateful in that sense that I've found something that's bigger than my ability to fully grok -- It's nice to be challenged and feel on the edge -- even if I'm still a newcomer to the crypto scene.
Pretty sure I only just dove headfirst into it like a year ago.
I'm much less imaginative! I came to Hive through a chance conversation with an old neighbour in Sainsburies, we found out we were both new into crypto, I mentioned my other blog, he mentioned pre-Hive and I signed up that evening!
Never looked back, but for me I just use this space for blogging, curating TBH, oh and gaming, not really my thing, but if I can earn $1 a day by just messing around with games, why the hell not!
You're right, the potential is huge for projects of a kickstarter nature - there was fundition, but that seems to have died.
Fundition is probably as viable as NFT marketplace, -- but with more gatekeeping.
I wouldn't have been able to use it -- they were anti-NSFW and also dying when I discovered them.
Kickstarter is critical for some people in this space to explore, because it is an entirely different pond, with a different resource base. That people can access with the same content -- as long as they frame their content creation within a project based context.
For the people who want to do projects and want to do more with HIVE, these sorts of ideas will be interesting - they'll take a leap on a kickstarter campaign experiment eventually, if they know it's possible, and lucrative.
Yea, I think that a lot of people just use HIVE for blogging, and getting little rewards. I don't see that as a way to grow the ecosystem, but I think actually growing the ecosystem is somewhat of a challenge.
Another area of potential to explore.
There is literally no future in Hive if all people are doing is blogging and cashing out that's for sure!
But as you say if blogging is combined with something else... there's a future - @starkerz did have some pretty interesting business ideas for Hive through @oracle-d but having had a quick look at the OD wallet, seems he's just gone all-in on Threespeak, which is fair enough I guess.
What do you think of indigogo in terms of how it stacks up against Kickstarter?