You are viewing a single comment's thread from:

RE: The In-efficiency of HIVE and way coming out of it..

in LeoFinance4 years ago

Having worked in digital marketing for some time, I would still say influencer marketing is a waste of money if its consumer goods, clothing or travel it works pretty well in terms of your post per acquisition even with these low margins. As for crypto and investing these influencers only really show up during the bull runs and can be effective. Do you really want to pay $200+ a user because that's what a cost per acquisition can be like on campaigns like these, especially with HIVE having such an awful signup process.

You would even be better suited to take that DOA funds plough it directly into Facebook and YouTube ads and you should get a far better ROI and have more control over who you message, exclude the frequency etc so you can constantly reduce your spend over time.

As for too much inflation, I'd rather say too few users, if tomorrow 5000 users came in and needed just 50 HIVE to stake to get what they need to use the chain that a 250k removal off the market. Yes burning is a great idea, but it needs to be for something, the buyback and burn can work, maybe burn for quick unstaking, burn for confidential transactions, burn for encrypted content that can be paywalled.

I think much of what you mention here are big problems, that could all be helped with something like an RC pool. If we have an RC pool dapps won't have to struggle to onboard and can be even more independent, bring in users for free, lower the barrier to get in and then we can look at educating a broader base on the benefits of staking the token

Sort:  

Having worked in digital marketing

I Have little idea about this sector and I suppose what you are referring to is also a fact. This is what we need, to see whether this idea is working or it should not. More ideas generate, more ways might come out for sth productive.

burn for quick unstaking, burn for confidential transactions, burn for encrypted content that can be paywalled.

The unstaking idea is pretty awesome. I do believe there are some big investors on HIVE and they would love to take that opportunity if it was available and that would also help in inflation. And the other ways of burning might also turn out to be effective.

On-boarding users

This is by far the biggest challenge so far. Even if we get to manage to on board users, keeping them active is the biggest deal. As long as the monetary value of contents exists, there will be depression and also de-motivation for new users. But a proper guideline may as well bring some solution to it and that can be done by many users on HIVE in a group.

Well at the end it is top-20 nad some big players are deciding the fate for now. And hopefully they will look into it for the sake of themselves and us as well.

Posted Using LeoFinance Beta