I have wondered about this for many years. Will the technology that Hive utilizes support a huge user base? If a miracle happened and 1 million users appeared tomorrow, would everything still work? (Sorry I am not talking about specifics concerning the technology, but I am still pretty clueless when it comes to that. That's why I'm just trying to ask it in oversimplified terms).
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It still works great but needless bloating for a tiny chain is not good.
Sorry for not clarifying. I didn’t mean in connection with this auto posting. I just meant in general. For a long time it seemed that the tech wasn’t there for a huge influx of real users (I mean going back like 7 or 8 years). That seemed to be the reason for not trying to attract content consumers. But if HIVE has the tech, I don’t understand why the community is not trying to bring in creators with a medium sized following- basically what looks like a big following on YouTube or TikTok or whatever those crazy kids use nowadays but is not enough of a following to truly monetize it. Someone who has a good following who would be happy getting $100 per day. And then perhaps use the community fund to supplement that. Encourage them to bring their followers over.
Hive can handle a lot more than it has now. It is just silly to create so much bloat for a handful of users.
As for why people are not bringing on users, because it is extremely difficult and time consuming. It is unlikely anyone will make $200 a day in post rewards consistently (required to get $100 in author rewards). Even that is t squat compared to what well known users can make elsewhere.
I am not sure what the cutoff is for actually making money on YouTube. I’ll research it later but I thought it was a pretty large number. So we don’t need to land a huge fish. We don’t even need a big fish. If we got someone with 100,000 true fans and encouraged them to bring them here, I would imagine it would make a huge difference. Heck even 10,000 is something. And if I’m not mistaken there is a community fund that could be used to encourage such a creator to bring their audience here. I have always wondered why we don’t use that fund to bring over a few creators with x number of fans. (Still not sure what that x needs to be to be possible and wise).
I think we need to lower our sights to someone who is popular enough to have a following but not popular enough to make significant money.
Let’s say they make $50/day without missing a single day. That’s just over $18k. You can’t even get someone to mention Hive on a single podcast episode for $20k.
I was not really thinking of someone advertising Hive. I was thinking of an actual content creator with a following just bellow the threshold to make money. Basically someone who creates content as a hobby, not their job. I have always wondered if there is a way to encourage them to make Hive their home. This would also mean their audience would come with. I wonder if there is a way to give that creator some hive from the community fund which they could then give to their followers. They could show the followers that instead of just giving their attention for free, now they can vote and get tiny curation rewards for rewarding their favorite content creator. If the audience is loyal, they may just get a dopamine hit by seeing that their vote gave their entertainer a little reward “I did that!”. They give their entertainer a free thumbs up, this is actually tangible. I realize there is a huge risk that the creator could just pocket the money and leave. They may also give their fans hive and they could leave. So there would have to be some vetting and maybe some kind of smart contract that if they do x then they get something from the community fund at the end of a year. TLDR can we use the DHF to attract an entertainer and their audience? It doesn’t have to be a huge audience. Right now there really isn’t an audience here. It’s creators creating for other creators.
Just giving away token rarely ever yields positive results. It’s kind of what has held Hive down as well.