I guess most of you came into this space about 2-4 years ago came here with the intention of making a lot of money. Some of you bought at unthinkable prices
$4? $3? $2? $1?
Well, unfortunately, steem doesn't exist--not the way it used to. It could be considered a cesspool for bullshit. Now you have hive, well for those who decided to move. Now, most of you are buying the dip--so to say.
So maybe hive/steem will never be what you expected it to be. You won't have your coins pumped! You might have more reasons to be sad and grumpy in comment sections talking about how these projects will never amount to anything; how you're smart and everyone who chose to be here is stupid.
Don't you ever get tired of people coming in here to tell how what things will never work because they know better and we don't? We are just a bunch of stupid people following greedy investors and witnesses to the slaughterhouse--doing their biding? Maybe we are stupid and maybe we just don't give a fuck. What better option do you have really? Oh, YouTube? Facebook? Twitter? Yeah sure, let's see how your great content and initiative works out well there. Oops! I forgot you were once there right? What were your achievements? A thousand likes? A celebrity retweeting your tweet? Did you ever go viral? But wait a second, if you did have some influence outside this space, if indeed your work was worthwhile how come you're not getting any recognition outside this space? You don't really need crypto to achieve the things you want? You don't need a blockchain to run your own platform. People have successful websites all over the place so what's stopping you really?
I understand the limitations of this platform. It's more or less an experimental work and we keep trying new things and ideas. Certain things haven't worked--even great ideas. We've had many of them trust me.
When people speak about onboarding it seems quite easy, right? We are offering free money, that's good enough an initiative for people to come here. But it hasn't really worked, has it? I can't claim to know what works because I not really like social media that much anymore. It has become more of a necessity. I do not understand the craze about Instagram and TikTok. It consumes too much data I would rather use to Netflix and chill, or bicker with on hive because I am weird and it covers my internet bills.
No one has the answer.
Everyone thinks they know what they are doing but they don't. They are simply gambling; simply experimenting. Brilliant ideas don't always translate into brilliant results. However, when you're building you need to trust your guts and at least be responsible for your ideas because I have seen a lot of people come here with their great ideas for the community to support and it ends up in smokes. Some have made a point of duty to complain about not getting support. The latest is this said free airdrop that is driven a lot of people crazy.
The thing about this place is that we have a lot of seemingly smart people making silly moves. They all have unresolved issues they've carried for so long it has clouded their judgment.
I was writing an article about decentralized social platforms today (which I am yet to finish), and it is annoying thinking about the fact that the people investing (mostly speculating on the project) are using the platform to talk about the platform and what it should be and it's probably the only thing that could get you engagement here. If not for anything but for the future of this platform this culture should be killed
Speaking about speculators. I think they're a major poison in the crypto sphere. Isn't it crazy that when people speak about a crypto project, price is a major factor? Because basically, all we have in this space are people buying and speculating. There are a few people who care about what's been built. It's just about the candles. Unfortunately, we have many people with this type of mentality on hive and our sister chain, steem. It's all about the price. I do understand that people put their money into this project and are concerned about their investment but that should not dominate this space.
In conclusion, I want to state that I will continue to support the hive blockchain (I honestly do not have any reason not to) and whatever initiative that brings us closer to our goal. I'm not overly concerned about being right. It really serves no purpose. Most of the people who claimed to know better and left aren't doing much within the crypto sphere. I do not know if we will become a blockchain of mainstream platforms in the future. The future is quite uncertain and personally, I feel that's an opportunity for all of us to do something.
I think that one of the largest disservices done the crypto space is promoting any cryptocurrency as a investment. Cryptocurrencies (proper) are protocols and it's been shown that value captured by network use cases does not increase value captured by the underlying protocols.
It's time the space matures and focuses on making money the hard way: creating valuable products and services.
I still believe people need to familiarise themselves with the technology. It's still a novelty to many and very technical. There are billions of people who do not see the need for cryptocurrency. This is one of the reasons I believe social media, as it is done on hive is one of the best ways to get average individuals involved in cryptocurrency. But there is still a gap that is yet to be filled. It will take a long time before people start using crypto for their daily transactions. The mentality now is to buy and hold. So the industry is still very speculative. The tech still needs to be simplified--made easy to use. One of the reasons I am optimistic about a project like openseed.
I agree. I think buy and hold mentality will dominate as people trust crypto more. Then once everyone has it and the prices stabilize, they'll start looking more to spending.
How is that shown? Take Hive, for example. The more products and services get provided with the help of using the Hive protocol, the more demand there will be for Resource Credits, which only powered up HIVE tokens confer. Suppose our user base grew 10,000-fold. Without having done the math, I'm guessing the organic demand for RC's would considerably push up the price of HIVE.
HIVE regenerates RC's on its own and HIVE is also very inflationary. So the demand for HIVE needs to increase faster than the increase it its supply through inflation.
It's possible, but I think there will always be a lot of downward pressure on the price.
If the market cap of HIVE increases 10x but there is also 10x the supply of HIVE, the price of each individual HIVE is the same.
That being said, I think Hive has immense value and some very valuable products and services will be built on top of it.
The best way to make money would be to earn HIVE through curating and posting.
There are many people here who have proved themselves as trusty to the community and genuinely want the best for this place. However, as with anything involving money there are also many bad actors who are out for short term gain.
Sad really as acting in a way that will move this place forward will be beneficial to everyone! Those few selfish ones can end up being the ones who ruin it for the rest!
This I cannot fathom. What's wrong with money? Seriously. You need money every frickin' day. Getting paid even a little for something you love to do or compulsively do anyway cannot be a bad thing.
I suppose some people, and not too few in actual fact, may be scared at the prospect of earning a coin or two for doing what they do on Facebook.
I tried to get some friends of mine to join Steem in the summer of 2017 when STEEM was around $1 so that we could all get paid for shooting shit exactly like those people still continue to do on FB. Why the fuck wouldn't anyone do X and get some coins while at it rather than just do X? What the hell is wrong with people? Why do they prefer Facebukkake to cryptocurrency?
Just a back story. A friend of mine is out of his job asked me about hive and I told him all I know. Even promised to have pushed his content. But here is the problem: He is not willing to put an hour or two each day to write a post and engage with other users. He isn't much of a social bug.
For others I have tried to allure here, they get too confused to even start
Sure but you're willing to take on silly challenges on TikTok and go to an office that pays you peanuts every month but hey creating content is such a hard thing to do.
My conclusion: people are scared of change--to try something unfamiliar. There is always an excuse. I guess we are the weird ones.
I think people just have to be familiarized with the concept. It will take time. I can understand very well that that someone might now want to spend hours a day writing essays or actively networking with a bunch of strangers if they are not so inclined. But if what I'm really perplexed about is people who create very good content on a daily basis for some giant corporation rather than themselves to benefit financially from. I think that begs for a social psychological explanation of some sort.
I think for a lot of people it's the learning process that intimidates them, plus the idea of crypto. I know people who blog who I never got to get involved. I've recently created some getting started video tutorial lessons for HIVE that I hope will make the start quite a bit more user friendly. But even with that, you really do need to buy a little of the coin yourself to get off to a strong start. If you don't already have any crypto, that's a pretty big hurdle. But if you don't buy the coin, it's hard to have enough RCs to socialize as much as you really need to in order to get good upvotes and earn anything on here.
It seems to me that no matter how you interact or how much effort you put in to promoting the project, there are established entities who have a technological advantage (bots and apps) and use those to an unfair advantage and feed on casual or novice users. I see people throwing up selfies with some emojis, or posting seemingly contrived content every couple hours and getting paid. It is very clique-ish here and even when you post thoughtful replies, you only receive replies so that person can get more rewards for their post. Also, none of the people who talk so much about "promoting the community" will follow you back, or even read your posts, much less upvote or comment on your posts. I haven't been here very long and I have had a very hard time trying to figure out how to operate here, I spent my first week and a half spending all my resource credits everyday asking questions in the comments of people's posts and getting no replies , assistance, or even direction to where I could find information to help. Since then I have been doing all I can to promote the ideals I believed were being promoted here, but I gotta say that the longer I'm here, the more it seems like this project fought off the takeover of Justin Sun just to be taken over by the same principles of greed and selfishness, like there are a certain group of individuals who feel that they own this enterprise and everyone who comes here is part of a market that they are exploiting for their own benefit.
These are some real challenges to every chain like this I've come across. Perhaps these are simply fundamentals of capitalism, and paid blogging/social media is a capitalist system.
Edit: At least crony capitalism, which is the only kind I've ever lived under anywhere.
Yeah, experimenting here. So far I've been able to interact with like-minded people, learn about blockchain, new art, new music, useful info, etc. I can totally see what you mean though. "When moon??" seems to be quite common in the crypto universe.
This is going on my post-it wall by the way.
I am glad you found this informative
Thanks daddy
You've been a naughty boy Kenan
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Build it and they will come seems to be a mantra that does not hold true in many respects. But Iam still hopeful especially for this new 'chain called Hive. Call me naive or over romantic but we do have a fighting chance to do what no one else has done !