The dopamine feeding frenzy currently going onwith the token price rise is sight to behold.
Not a nice sight , but a sight nonetheless.
....oh, and P.S....
....and any negative emotions that you feel towards me after reading the opening of this post, are feelings that reside in you....I've just been the annoying person that reminds you of them.
I'm happy that you're so high - it's a nice feeling.
I'm always happy for someone when they score good grade narcotics - and the hive price hike looks like it's some seriously good quality shit.
Enjoy!.
Some advice...
Don't bring yourself down, by reading the rest of my post under the next piccy - it's a reality piece.
(you can still upvote it and pretend to have read it though - to both spread the wealth and assuage yourself of any feelings of guilt ).
Market price.
What is market price?
Market price refers to the price at which the exchange of goods takes place. It is determined purely by demand and supply, which means that the amount the buyer is willing to pay must be exactly equal to what the seller is willing to accept.
The market price mechanism cannot function correctly within a system that does not have sound money.
Inflation is not sound money.
Ergo there can be no market price.
There is no way to ascertain what it is, without sound money playing role.
DPOS doesn not facilitate , or even try to mirror - any notion of 'value'.
'Value' is a subjective quality, one that's reflected in the price (sound money)/supply/demand, equation.
QUESTION:
How do we find 'market price', in market that doesn't exist?
ANSWER:
You can't.
You can change the market place structure, so as to make it an environment where market price can be established - that's a relatively easy process , if there 's will to do such a thing.
If there is no will to do so (by the powers that be that own the ecosystem and the faux market) , it's very doubtful that it's long term survival is possible.
Because when (not 'if') a free market emerges where market price mechanisms are put in place - even in an inflationary, non sound money environment - the old models will simply... cease...
Now, the REAL question is...(based on an assumption that we want Hive to thrive)
HOW do we incentivize those that decide the market structure, to change the said structure?
The answer is in the question.
Incentives.
Incentives make the world go round. In theory.
(it also requires a healthy market).
HOW you incentivize 'the powers that be' to change their structures, if it holds no incentive to do so.
If they are too shortsighted (incapable, no less) of being able to see the big picture, (a 'talent' of the midwit) then trying to paint the picture for them to see, is a fools errand.
It's akin to Leonardo Da Vinci producing the Mona Lisa for a blind man to appreciate....
No, there has to be another way....
(I'm now, metaphorically, tapping my fingers on the table, to add to the suspense...)
Well.... yes!........ There is another way!
Wouldn't it be just a great idea if someone - or someones with an eye for quality and a desire to see free markets, showed the best 5 - and the worst 5 posts, in a post all of there very own?
('best' and 'worst' being the quality of the post relative to the inflationary rewards donated to it).
Of course, this would only be a subjective review.
But imagine if this person who made the reviews then posted his piece online to 5 or 6 different other social media sites, and asked for feed back from them , concerning the quality of the posts and the donations given.
Would that help to incentivize those who value peer approval to change their ways?
No one likes to be shown up as a moron. Especially the insecure and those of weak ego's.
Having your name connected to an upvoted post of tens of dollars towards a piece of garbage would reflect very badly on those doing the upvoting....wouldn't it?
(when the post clearly shows itself to be of low IQ or boring and as uninformative as fuck) .
And that's not even including the overall perception from the outside world that people would have.
How would they view that small ecosystem which enacts these twisted economic models?
That would make 'the powers that be' look like total morons, would it not?
They'd become a laughing stock over time. (never mind token price).
Now...who could we find that would do that thankless job? (for $20 a day).
Mmmmm...I wonder.
Obviously it's not a job any midwit could do,(bless) so they're not in the running...
I wonder who'd do that ?....
MMmmmm......
Incentives come in all shape and sizes, and while many people think it's the token hike that's giving you that rush - it's not.
It's the dopamine addiction, stupid.
Enjoy!
(pro tip: If your're feeling guilty for enjoying the dopamine hit - even slightly - then you have much bigger issues that need addressing.
Ones that cannot be addressed while under the influence of dopamine...)
P.P.S.
@leofinance ...I wanted to post this in @leofinance, but your web 3.0 seems to have met it's match with those pesky old fashioned jpegs - as it won't acknowledge their existence (for three days, now).
The worst post I read on Hive today was a boring long winded badly written bunch of crap, and it got an 80 dollar payout with more than half of that coming from a big curation account that loves boring shit... it is more profitable to be a midwit...
Haha! That would be so awesome! I would give that nice upvote every time!
well then.....
I like your "Best 5 posts/Worst 5 posts" idea...
I'm pretty sure my posts won't be on the Best 5, so hopefully they won't be in the worst 5 either.
Are you the one who's going to do that? Though for this to work: [A] you need to be a very popular person. (Like the ones you describe as Midwits,) or [B] Many people, different points of view who are collectively more popular than option A.
Posted Using LeoFinance Beta
....best and worst is relative to content/rewards.
Being popular is the last thing that the person needs to be.
On this platform, 'popular' entails being a midwit or a whale - or both - which entails being a sycophants, circle jerk upvoter, which would entail lying...So that couldn't work...
I'm the ONLY one that's doing anything at the moment towards 'naming elephants in rooms'.
(It seems like that to me, anyways...)
I didn't necessarily say popular in this platform, just someone with a respected opinion on at least one of the 6 platforms they're going to post the Best/Worst list in. (Also I know it's Best/Worst relative to the rewards...)
Posted Using LeoFinance Beta
just someone with a respected opinion on at least one of the 6 platforms they're going to post the Best/Worst list in.
...ah, ok..........I never thought of that!... lol (but now I have thought of that...no. you want as independent as possible - a project unto itself, if you will).
I think someone of my posts are over-voted, even if I'm happy to receive money for them. Then again, I feel some of my other posts are under-voted, so I guess, it evens out?
Not an argument, a self justification (rationalizing) of feeling guilty.
What the person receiving the votes makes of the rewards is not important.
It's the person(s) handing out the rewards that matters more in the context of changing things through the exposure of actions.
Not necessarily...
Then again if you're that popular, you'll get accused of lying/circle-jerking regardless if you're doing it or not. Your enemies will find a way to frame your actions in a bad way.
After pondering this, I guess you're right...
Posted Using LeoFinance Beta
....Your enemies will find a way to frame your actions in a bad way....
...hopefully.
Transparency is great....
So your proposal is to substitute downvotes with public shaming? Not a bad idea, I would be totally down for that. As you said 'I wonder who would do that' I am sure you had me in mind :).
I don't care about helping undervalued posts... wait, that sounded wrong... I do... but so do many others and there are a ton of curators focused on finding undervalued content.
I'm also on your side when it comes to inflation and while the whole ecosystem of hive is built on inflation, I would sure like to tune it down a little.
Posted Using LeoFinance Beta
So your proposal is to substitute downvotes with public shaming?
Assumptions are a bad idea..lol
maybe you are just a midwit that struck gold by accident then :P
Like we discussed before, I would have loved for downvoting to be just a normal thing to correct overvalued posts, I would downvote half the trending page if it wouldn't result in conflict. I know you don't like downvotes from a free market perspective anyways. To resolve this, I think calling out the voters is not a bad idea.
If I do this this it would be surely the last thing I do on hive, but at least I would go down with guns blazing :D
maybe you are just a midwit that struck gold by accident then :P
Damn!... I've been found out!lol
To resolve this, I think calling out the voters is not a bad idea.
If I do this this it would be surely the last thing I do on hive, but at least I would go down with guns blazing :D
You're thinking too small...
not my usual problem...
Guess I will just sit back and look at whatever you had in mind before I risk my own ass, for now
Don't risk anything.
(and btw -why does me calling you 'matey' bother you? It's a term friends say to each other).
...it's something residing in you, not my spelling of 5 letters...
Patience, luke, patience...'Rome wasn't deconstruted in a day...'
you can call me matey
I believe that a post of 5 worst is not necessary, but in the cinema there is a golden raspberry, but I think that the 5 best is an interesting idea and we could have ways to encourage and monetize those that always seek to improve
I really loved this excerpt: you can still upvote it and pretend to have read it though
'Necessary' is a subjective perspective.
I think it's necessary to delegitimize nepotistic activity if the platform is to endure.
Stagantion is a sign of a dying ecosytem, and I see Hive stagnating. (nothing to do with token price).
Change doesn't come from those wanting to continue the status quo...Nor is power given away.
Pressure can create a change in perspectives, but that needs to be executed successfully - if mindsets are ever to alter.
by the way, I think that listing the 5 worst ones might discourage people from producing for fear of being on that list. I think the top 5 should always be, and the top 5 occasionally when in fact there are 5 lousy publications, and not just weak or poorly structured
I would be honored if you'd consider taking a look at this,
https://discord.gg/cR6jVagG
I have a mewe chat if you want - it's where the the rebels hang out! lol
Please explain.
Mewe the social media platform - not discord..
Sounds interesting.
I wish it was decentralized.
How would you figure the top 5 post? By number of votes? or rewards that may/may not be received on day 7?
It would be pretty difficult to pick the bottom 5 as they are all likely to have few if any votes, and few if any rewards. I'm pretty sure I have had a few of those. Fortunately I kind of stick to the simple social type of post most of the time.
I would not want to be the one picking the op five post, i can see all the drama, accusation, and flash/splash back on the author of such a post, contest post are a waking/walking/typing nightmare to navigate, and even view at times.
the top 5 - by rewards/quality of post.
It's subjective, I know - that's why letting 6 other social media platforms inputs, would help to gauge how accurate
I amthe person who would do such a thing, is.Hypothetically speaking , I could give you right now.
Just do as nike would say...thevsuspense is killing me
Oh shit this is public, not chat..oh bugger giant be arsed correcting comments anymore on my tablet
lolol
You know what I is saying
Everything is going muuuuuuuuuuuuuuuuuuuuuuch better than expected to date...
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