I am VERY curious and interested to hear where you feel dollar value to pay out content comes from if not ad revenue on a web3 chain/application?
Ad revenue does not have to mean risking privacy and data collection there are very real alternatives to creating anonymous profiles now that could serve as a web3 solution to privacy issues some feel web2 has.
A second layer would make sense IF it generated revenue to pay out the content and rewards. This is how shit works in the real world lol value and money doesn't just come out of thin air. It has to be extracted from somewhere especially when everyone still directly ties crypto value with USD value.
No it doesn't. The real world is horrifically broken, and millions of body pave the path to that truth. Crypto is an attempt to break away from that plutocracy based on inhuman and inhumane psychopathy endemic and inherent to institutions, like government, church, and corporation that have centralized wealth and power by sacrificing billions of people and healthy society on the altar of profit.
Social media has proved there is a greater power inherent to society by becoming the dominant industry across the entire market - despite financial rewards being centralized and enabling the affliction of propaganda and indoctrination via the advertising model. Hive hasn't devised a sound mechanism to fix the bugs despite the innovations it introduced via the rewards pool and curation, because it retains too much of the financialization that reduces wealth and power to hierarchies IRL. Keeping ads to a second layer is smart. Restricting advertisers access to that API and keeping those sharks from our governance token is critically necessary, not only to our extant oligarchy, but to our potential to evolve through tweaks that can unleash the power of social media to take Hive to the moon, where it should be.
Those tweaks will necessarily defocus the rewards pool off oligarchs, because society can't blossom as the bottom of a pyramid. Curation rewards will have to go because they derange the curation of content and misapply rewards for pecuniary interests rather than broader social values of which money is a minor subset. Purely plutocratic control of governance will have to go because that is why the extant oligarchy must prevent Hive from mooning lest they get gobbled up by the circling sharks, lost in the glare of a new Sun that outshines them financially, as happened to Steem. I suspect bonds can be a part of these tweaks, perhaps offering higher interest rates for longer lockups, whatever the market can bear, and some other consensus mechanism than stake will be necessary to secure governance from sharks. Frankly, after Steem, that is long overdue already.
It is only the absence of a suitably competitive bonding mechanism that can emunerate stake nominally other than curation rewards, and the will to power, even if over a mound of ashes rather than a vibrant society, that have prevented wiser men than I from devising these tweaks and implementing them.
Ads aren't the way. That way lies behind us, and we can see what it wreaks on society by the million examples of derangement of society extant. That's just financialization, which doesn't lead to greater freedom and decentralization, but to less of each.
I'm just skeptical of this adaptation into WEB3.
Simply the act of tracking bandwidth and clicks exists on an inherently centralized level.
It can't be verified by multiple separated nodes.
When someone says they're going to profit-share ad revenue it's just them making a promise.
Maybe this could change in the future with new tech but for now I'm not seeing it.
That's a very valid point about trusting the app or person/people running that app that they are simply promising to pay it out. I suspect that's how it's going to have to be for a while until the application gets large enough that it would run it themselves in house. IN which at that point it should be fully transparent and backed up by transactions on the blockchain etc.
If all Hive dapps dont implement ad revenue you cannot sustain a creator economy.
The top 10 most paid authors on Hive made ALL TOGETHER a total of 5000 USD in November. 😂
Thats laughable. And we want big youtubers, creators with followers to come here?
We need ad revenue. Anyone else claiming otherwise doesnt understand how creators think.
You may need it. I don't. The reason there is so little economic activity on Hive is that >1m users that bothered to sign up and start posting have abandoned the platform, most before Hive existed. There's ~3k people here posting now out of ~2.5m accounts, and most of those accounts are owned by whales or abandoned. How many are AI sock puppets no one knows.
Where'd all those organic users from 2018 go? Away, because this is where the money goes:
Found the problem! More money coming in from censors...er, advertisers, won't help if it all just goes to the whales.
Well obviously, since Im refering to the creator economy, a total of 0 ad revenue should go towards the whales or any curator account.
And this?
What about it?
The implication I get from that post is that Leo is gathering data on the market to be advertised to. Not something I have thought was happening on Hive before now. Certainly implied by @antisocialist to be a new and troubling occurrence.
That's why I don't use Goolag, Meta, or X already. Well, besides they censored me, and etc. I won't put up with it here either.
I'm doubting it's all that new.
I just had cause to find it now.
Odds are they have been doing it all along.
I dont see any difference between gathering Hive transaction data that Dalz or Arcange is doing and gathering advertiser data.
Its all public, put up willingly.
The only issue I have is if the user that has his data sold isnt profiting from it. That I dont support. That, I stated in the original comment.