I understand the frustration as well. What a lot of people don't see though is that if the HIVE price goes up, that means there are more rewards in the rewards pool to distribute to content creators. Something to keep in mind too is that original goal of the rewards pool was to reward content that was adding value to the project and helping the value of HIVE go up. Content creators have the burden to demonstrate to stakeholders that all the "content" they are creating is actually helping to drive the price up too.
You are viewing a single comment's thread from:
Makes sense... I think there is a way to make both sides pretty happy with some small tweaks
Yes, it is adding hundreds of dollars worth of value. One guy enjoying the trending page will buy more hive then this initiative will ever earn.
Please either find a way to hide the post on frontends and keep the rewards or stop it completely. Just not worth it.
The return on payout here is around 10-20% (varies as HBD price fluctuates). Ignoring compounding that's 500-1000% per year. If typical content on the trending page were doing that for the past 5 years, HIVE wouldn't be worth 40 cents, it would be worth 40 thousand dollars (made up number, but you get the idea). So, no, I think that is a very hard case to make on the numbers. Do people see content they like on the Trending page and become motivated to buy HIVE? Probably, but not to a degree that makes those Trending payouts a high (or at least, anywhere near as high of a) return overall.
You mean to say after all these years, in order to earn more, all I had to do was earn less? Well geez guys! Why didn't you just say something sooner!
Just messing around...
I see where you're going with this and I won't argue, math.
One thing about people earning a decent amount for genuine content and having that on display is how it then attracts more established acts/brands/names. They like to follow the money.
Snoop Dogg didn't hit up Youtube until Regular Joe was busy making an easy million. We see this now with NFT's as well. Once the mainstream catches wind there's money to be made, they're in.
Of course it makes no sense to become starstruck and plaster massive votes all over big names if they never intend on bringing their existing paying consumer base with them. One big name should be able to bring in thousands of consumers who also get a chance to earn which is something they've never been able to do with their disposable income, when it comes to supporting arts and entertainment. Those consumers. That's always been the missing ingredient.
That math (though I didn't write down any numbers) also adds up so I'm pretty sure HIVE should actually be worth 400k.
I was exaggerating. But it's not that much money for the discomfort it causes. Also, it's easy to hide, so why not do that.
Still worth thinking about the economics here, and maybe adjusting what constitutes discomfort.
If you want Hive to stumble along as a hobby project as long as people want to continue working it, then ignore economics. But if you want the value and resources to go up to the point where it can actually self-sustain and thrive, then sound economics needs a louder and more influential voice than it has had a times. The ultimate goal is not a pretty trending page that hardly anyone sees.
People do look at the trending page. They see a bland post. Not a loud and influential voice. There are a few of you here who when working together form a strong network. Probably the mightiest in all the land and when you want something to be seen, you all work together, and within minutes it's sitting where it needs to be. The number one slot. And there's nothing wrong with that; but if you truly believed nobody looks there, you would have skipped all those steps.
I observed Blocktrades refer to the posts as advertisements. I agree, they do serve that purpose. Advertising is supposed to pop though. As a consumer, if someone kept handing me the same bland flyer over and over on the street, I'd be annoyed. It's all in the delivery. A tidbit of information and a link leading to more detailed information about the project could make up a small but important portion of the post. Then there's the perfect opportunity to include fresh new updates about the happenings on chain; new developments, new projects, success stories. Anything. Something. An opportunity to give fresh new faces some exposure straight out of the gates. Links to new and interesting content found in any of the communities. Then you're killing a whole flock of birds with one stone, plus the general public remains interested, keeps coming back for more, feeling fine about plopping a vote down.
Nobody would complain if the posts had substance. You folks make a strong case and seem quite confident this project will do some good. At a glance it almost appears as if this project wants to make what's so appealing in de-fi farmland look like a little beeyotch. So if it's that valuable, adding value to the posts only makes sense, in my mind. As they are now, in this state, they stand no chance of even being shared on social media. Make the posts connect with people somehow and you damn right they're going to pass it around. Then it's advertising.
I'm sure there's money in the budget and one could delegate the work involved to someone else. I don't want to do it. I'm already tired from thinking too much.
Thanks for your time.
edit: meh.