There are many reasons for why centralized platforms have millions of users while Hive only has a few thousands. Centralized platforms are endorsed and have backing by many companies who use them to sell their products, there are deals, funding and so much more. They have the influencers whom they pay huge amounts to keep them there and their following. Centralized platforms are easy to use for everyone and users look at their favorite creators in awe and hope to become them one day. Look at Twitch and Youtube making deals with the big creators. Even fing Dlive tried to have an exclusivity deal with PewDiePie hoping that it would kick start their platform. How did that go? He went back to Youtube because they paid him more and also he probably thought well this sucks, no one even watches me here anymore.
When people talk about removing the reward pool as an answer to the problem why Hive price has not reached the Moon yet, it just makes no sense to me. There are other issues far more important to solve before you can say that having a reward pool is useless and to say that the content creators we have here now are not even deserving to get rewarded is insulting. We have wonderful creators here who have embraced all the difficulties one has to go through understanding the crypto world even a little bit. They are people who have been realizing the potential of crypto and they should be rewarded for it. Many creators have also become investors over time.
If we want to take crypto to the masses, we have to make tools and apps that are easy to use and to understand for the masses and if we want to compete with centralized platforms, we have to think of creating something that’s not been done so far instead of inventing new Youtube, Tik Tok, Twitch, Steam etc. Centralized platforms are already competing today with each other, smaller platforms get squashed by bigger ones all the time too. It is not even only about Hive either. It is crypto in general. As long as people don’t understand it and what opportunities it offers, Hive or bitcoin, or any other chain or coin will not Moon. We are in business to make crypto popular, but to do that we have to build things that allow people to begin understanding it and embracing it in their lives.
Removing the reward pool would solve nothing.
I fully agree with that. Removing the content reward pool would kill the platform.