We have roughly 4-5 of years of history to show us the economics of this system are broken. If people can show up here without investing anything and earn money, it sounds great in theory, but isn't sustainable unless we have some form of revenue flowing in (like ad revenue), but we don't have any intention of implementing one as far as I have seen?! That means the coin having value is going to come solely from investors and the current economic system doesn't really bode well for investors, which has been evidence by the mostly consistent decline in prices.
Music, books, movies, magazines, newspapers, video games, etc. Does media thrive because of investors; or do investors in media thrive because of consumers?
Only when the role of consumer is ignored, like it has been, for going on five years.
Every other platform that involves collecting consumer money in order to support content in its various forms acts as a middleman, taking a huge percentage. Patreon, Youtube, Twitch, everywhere I look consumers are getting ripped off. They come here; they can leave with more than they started with! How is that not a good deal to investors? These consumers/investors were going to throw that money away and never see it again. They love throwing that money away. So why not tap into that market? Why keep staring at the crypto market? I don't see any marketing directed towards consumers. Youtube comment sections could be full of people saying, "Hey! I'm sick of getting ripped off 30% every time I tip! Could you please move your content over to Hive?" That won't happen though, because they don't know. It's our little secret.
Sure, but if people show up for free and get money for their content, where does that money come from? It has to be backed by something. Since there is no revenue flowing into the coin, it is backed by speculation/investors and that's it. HIVE isn't a store of value like bitcoin as the supply is unlimited. It needs revenue coming in (or a drastic change to the tokenomics) to provide constant and consistent buying of the coin if we want this whole thing to be sustainable.
Yes I'm basically saying consumer money, in. Just like any other business in the world that offers a product like media. Consumers.
Consumers. The same crowd that will be required to support thousands of second layer tokens. Consumers become the investors. Outside of this crypto bubble we all live in exist consumers. They have plenty of money, and are known to spend it. None of this works without them. People will only write into the void for so long. Without an audience of paying consumers, this concept is not sustainable. But this concept works perfectly fine elsewhere and has for centuries.
One option is to take ad revenue which is generate by these consumers and funnel that ad revenue into the coin. Now you have a revenue model and a coin backed by something other than speculation.
One content creator, thousands of views, some of those viewers/followers/consumers/whatever also pay. Tipping model doesn't work. The incentive to hold and tip over time is necessary, or it's new money coming in that goes straight back out the door.
What's truly needed and has always been lacking are content creators gathering support from the outside. Content creators get a lot of support on the outside. Hundreds of millions are exchanging hands annually in this day and age and that will only increase. This platform offers the consumer a better deal, and this platform offers content creators the ability to establish a consistent revenue stream (without the help of current stakeholders) rather than depending on sporadic donations. People also buy subscriptions, platinum memberships, whatever you want to call it. Even that money can go a lot further here. And one of the greatest perks/easiest selling points is how the consumer can have most, some, or maybe even more of their money back if they decide this isn't for them.
You know what happens when a content creator gets 'cancelled' or deplatformed? Not only do they lose their stage, but all those consumers who supported them threw their money away and can no longer enjoy, whatever it is they enjoy. The money was wasted. So here those consumers are also investing in the fact that can't happen to their favorite personalities.
I'm not trying to sell you an idea. I'm just pointing out what's missing, what works, how to sell it.... and I could keep going getting right down to the dirtiest details. I've been repeating myself here for years though. I can guarantee the next big onboarding push will once again fail to attract any dedicated consumers. With so many consumer perks in place though, of course attracting them, their eyes, and their addiction to this platform would be incredibly beneficial if ads were introduced as well. I'm not saying there's only one way. There are also incentives for the investor class. Everyone has a home here, and things can even be better.
Hive needs to make money out of content. Every other website on the web does it, but hive (front ends) think there are smarter then the hole internet economic.
With ads and permanent demand, reward good authors would make a lot of sense.
Also it would be a place to earn as an author long-term rewards, without being the bitch of a big ad seller.
Yep. Use that ad revenue to buy up the coin similar to what LEO is doing. Right now, the money flow is a one way street and that isn't sustainable.
curator votes up ---> authors powers down ----> dump it -----> curator buys.