While devs are busy devving it gives me some time to think about other things I'd like to work on in the future and believe will do well for the platform in regards to POSH and OCD. While these two projects don't have much in common and I've kept them separate on purpose, there have been some mutual collaboration between them over the years. The reason I've kept them separate is because I've been wanting to keep POSH "non-profit" so to speak, while there are people who profit off of it, I haven't been "paying" myself a salary or something of the likes. Aside from that I'm pretty sure it's one of the few coins/tokens out there that's had as fair of a launch as possible, only few other tokens have matched it from what I can tell/know of, one of them is LARYNX from @threespeak.
One of the reasons I haven't been paying myself has also been cause I'm the one in charge of the accounts and hold the important keys, although eventually once the project becomes big enough I've been meaning to change that so other reputable stakeholders on Hive can share multisig of it with me. Most importantly this is in case something were to happen with me, they could make sure the program could continue working and evolving even without my involvement. Another reason has been cause I'm a firm believer that if you believe in something then put money into it yourself rather than just giving yourself a premine or payment which is something most of the industry doesn't really do. I'm still a large holder of POSH after having bought it for many years even after I sold some recently, partly to get something from all the time spent on it but partly also cause owning too much of a token compared to its supply isn't healthy for the token itself.
Anyway, this is something I've posted some thoughts on before but I've really been wanting to explore the idea to generate extra rewards for stake that's being delegated towards projects that curate manually and with transparency such as how I run things over at @ocd. Manual curation and knowing who was behind each vote that's been cast gives the ecosystem a sort of fairness and removes some of the leeways of abuse that we've seen with other account's votes landing over the years. You can also have certain requirements for each account you're curating to see if they meet it before curating their content, which gives Hive another underlying value that content creators have to do something extra to strive for the votes rather than just receive them based solely of the content while ignoring if the content is being consumed, shared or bringing any extra value to the ecosystem rather than just being a placeholder, often times something anyone could create which recently with the rise of AI has become even more prevalent.
While I want the tokenomics of POSH to stay independent, there is a give and take situation where both of these ideas could co-exist in the near future through the website of POSH. For instance, if we were to place ads on the POSH website similar to how @leofinance are doing, one would ask why I'd consider sharing some of this adrevenue with OCD, i.e. "What does POSH get out of it?", but without @ocdb, posh would not have enough account credit tokens over time offer new signups through the new onboarding page we're also working on (more info on that hopefully soon once it's near completion). Over the years a lot of OCD's involvement in regards to POSH through curation and other activities has also resulted in the token and project becoming more popular so there's a few things you could say that could warrant for OCD to receive some of the possible adrevenue being generated. This is all of course hypothetical still as there's quite some work left to be done until we get there before we start talking how much would ocd get, etc, but what we can talk is what it would do with it which goes back to the previous paragraph.
The OCD token
I believe it's a good time for a token to exist that engulfs our activity which I believe has over the years evolved to such a place that it has become quite unique compared to other accounts and projects' way of curating content and authors. While the proof-of-brain part of it is still a bit unclear, it doesn't hurt for a token to be created at this time as long as we stick to the fairness of airdrops/distribution similar to POSH and continuously award it out to those putting their stake to good use for the health of Hive and the ecosystem. I've been playing around a bit with some ideas and one of them I really like, which goes back to retrospective airdrops I've also been a fan of, is that we'd start off by calculating everyone who's delegated to @ocdb ever since we went back to fully manual curation shortly before the Hive fork. Of course due to the events that followed before that, it might be a better idea to just start counting at the day of the Hive fork until now, so here's how this could look like.
OCD Token initial distribution
Calculate Hive rewards sent out from @ocdb ever since the Hive fork until a future date of the snapshot. Add them all together in a spreadsheet. These accounts would all receive an airdrop of the OCD token.
This would place those who've delegated the longest to @ocdb at the top, based on stake, and they'd be receiving some of the first tokens to bring liquid to the market. Then we'd have to also consider how big this airdrop should be compared to the ongoing token distribution of current delegators. For instance, if I'm delegating 10k hive power after the snapshot and receiving 2 OCD tokens per day, should I get an aidrop of 2 per day for the 10k HP I was delegating before the token existed (i.e. how powerful is retrospective airdrop). Or should it be smaller since it is after all a retrospective airdrop that many didn't count with so it'll feel like too many "free" tokens at once. This is something more to think about.
Anyway, the reason I'm bringing this up is to go back to the adrevenue idea now. In an effort to encourage more people to delegate to manual curation projects which in one way or another helps Hive more than auto/blind/low effort votes, we'd need to generate revenue from the outside along with other ways we generate on the inside to increase the APR these delegators receive compared to those just running on auto. This has been one of the biggest flaws I believe in curation, even though it's impossible to enforce manual curation, especially good one, I believe trying to incentivize it with higher returns is the best way it can be achieved. So how can this be achieved and where are we at currently?
Right now the returns to delegators of @ocdb aren't that high, even though we take one of the lowest fee of any manual curation project, there are other projects out there offering higher APR, either through neglecting the effort of curation or by offering L2 tokens in exchange (or some that are coming close to the gray area of bringing back vote selling through tokens & delegations which I think we need to be careful with). The only extra rewards we're currently offering are those from beneficiaries sent back to @ocdb for having created the account for the newcomers. This amount is small and not reliable (as they can remove the beneficiaries at any time and are in the right to do so, i.e. we don't encourage anyone to keep them on). Thus we have to look at adrevenue instead and how this can help.
With POSH we've been wanting to make the website more visit-friendly for some time now and since the Twitter API forced us away from the convenient automation it'll give us more reasons to visit the website now again to make it work similarly to how it was before. We're also working on more ways and things for people to do once they get onto the website than the general POSH sharing which I think people will like and hopefully also disable their adblocker knowing that the revenue from the ads we place there will assist both the POSH token and the OCD token as discussed above. The more revenue we can generate, the more rewards go to POSH sharers, POSH delegators and OCD delegators which means more rewards for those delegating to manual curation, community building, newcomer retention, designated onboarding and a lot of things.
While POSH has been surviving so far, there may be a time where things are starting to flow well and we may require more funding to grow the POSH ecosystem, i.e. the things people can do on the website, ways they can earn, etc, which may force us to request more funding from the DHF from a proposal but for now we've been postponing that until we feel ready.
Anyway, just some thoughts and ideas, a lot left unsaid but am pretty excited about the future of POSH and how it could also incentivize more stake being placed onto manual curation and what that may do for the ecosystem. Hope you're also as excited as I am and are looking forward to it!
Thanks for reading and engaging, I don't say this often but it's lovely to see that being consistent and working on and around Hive for all these years keeps bringing a lot of amazing comments onto my posts that I love reading. Hopefully the rest of the world will get to explore the amazing community true web3 fosters soon enough.
Thumbnails from Pixabay, keyword searches; ideas, token, sharing.
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I think the AdsRevenue has been neglected for a long time and it is a pity for a content platform to do that. And that can be a revenue channel that ads value to any token by implementing a buy-back or burning mechanism. Community tokens need a way to bring value in and not only take it out, regardless of the project perks. We need not to isolate ourselves, but rather harvest revenue from the wide world.
I'm not sure if ads bring in much money, but it's worth a try :) ...
The idea of making the site an exciting place to spend time could be a great way to onboard... Maybe a little "Hive faucet" that drips out a fraction of a fraction of Hive daily (like the amount we get when someone sends a memo)?
This post has been manually curated by the VYB curation project
WOW! I was almost waiting for such a news.
First things first: there is nothing bad if POSH and OCD work together to support each other in a transparent and "entrepreneurial" way. I mean, not simply taking advantage of the voting power they both have to generate revenues (that would be almost fine as well, but quite low-trustworthy).
I LOVE the fact that you have not paid yourself during the years in POSH tokens. Besides, it's a common practice, like investment funds do, to keep some equity for early adopters and workers, so to reward them in the mid-long term. You could pay yourself, you did not do it. And that is a great signal of fairness from you. I already perceived it, when some time ago we talked about some potential extension of POSH token applications and its tokenomics.
If you need support for the OCD token, I am more than ready to help because it's you behind the project.
Moreover, I have been lately involved in the deployment of a Tokenomics for a decentralized Launchpad (where I introduced the Curators role, to check onto onboarding projects), so we could eventually get some aspects from there to incentivize OCD token use for curators, other profiles and stakers as well.
You know somethings that may look bad at first, turn out positively over the longrun. In Elon's crazy move to make out every single dime from Twitter, he's made changes to the Twitter API that affected the POSH project, but good enough, it is turning out positively (or hopefully so), as you are now exploring more ways to make the POSH ecosystem more engaging.
When I first visited the POSH website, it was so basic and after linking my Twitter account to it, that was the last time I remembered visiting, but I think POSH could be more. Just my two cents:
Since POSH is focused on cross-platform promotion for Hive, POSH website could be a pro-level text editor that allows posting directly to Hive blockchain, and thereafter sharing to several other social media platforms (notice the flow, Hive first, and Hive link to other non-Hive platforms).
Triggers could be set up to reward users with POSH token based on some pre-decided yardsticks (more than what's currently obtaining which is engaging on the POSH post comment).
I can think of more ways if given an opportunity.
I feel like there's enough front-ends and editors around for that to be worth the trouble of implementing, but we do wanna gamify things quite a bit and give the token more utility outside of just earning it through sharing and delegations. Sinks would be great to include as well.
That's not bad as well. Hoping to see what POSH will become in the near future!
The truth is that POSH is a very versatile token, I think it would combine with many things, it would be key to join two big projects to make something huge, but not work, just join both powers.
It sounds like you have some amazing plans in store for POSH and OCD, and your dedication to these projects is truly admirable. The fact that you have kept POSH "non-profit" and have not paid yourself a salary speaks volumes about your commitment to the project and your belief in its potential. It is also great to see that you are considering ways to generate extra rewards for stakeholders who are committed to manual curation and transparency, as this will undoubtedly contribute to a more fair and equitable ecosystem. The idea of creating an OCD token that rewards those who are putting their stake to good use is fantastic, and it is clear that you have put a lot of thought into its initial distribution. Keep up the great work, and I look forward to seeing your projects thrive!
!ALIVE
@acidyo! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @old-man-chu58. (1/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
it is in times of adversity that the most creative solutions are found, perhaps to POSH's advantage in the future.
I no longer visit Twitter, so POSH will likely not mean much to me unless I buy it. Good luck with the Projects.
There's still Reddit and maybe more in the future, we plan on trying to increase our involvement there as well.
I also try to get some posh by sharing the post on Twitter and thread's but there's a problem because I don't link my Twitter my Hive because in comment of posh my username never showed, maybe later I'll figure it out
While if i talk about @ocdb, I don't know it's curation criteria but yesterday after two months @ocdb curated my content for the first time
I also try to get some posh by sharing the post on Twitter and thread's but there's a problem because I don't link my Twitter my Hive because in comment of posh my username never showed, maybe later I'll figure it out
While if i talk about ocdb, I don't know it's curation criteria but yesterday after two months ocdb curated my content for the first time
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Please sir, I was directed by posh to you for assistance on how to register with poshtoken
Wise people dream a lot. I wonder how they do it with their busy schedules