Towards the Future With LeoFinance — Whatever Happened to Engagement?

in LeoFinance2 years ago

We talk a lot about "The Future" around here... and in between, we also talk about the importance of community and how one of LeoFinance's (*and greater Hive's, for that matter) great assets is the people.

I found myself looking at @abh12345's most recent LeoFinance Engagement Post earlier today... and noticed that something seemed a little off, in a sense. Credit for making what's in this post possible goes to Asher, who will also be a beneficiary on the final rewards!

CCL0012CCVignette.jpg

Are We All Going to Sleep? Or Growing Bored?

I decided to do a little poking around, just to see if my hunch was right. Sadly... it was.

What was that hunch?

The hunch that in spite of everything happening here, posting and engagement on Leo Finance has been going down the tubes, for some time.

Well, maybe not down the tubes, but things are definitely not headed in the right direction, and where Leo Finance was once a shining star, we seem to be getting a bit of rust on that shine.

Consider This: Overall Activity

Screen Shot from Asher's Post on February 20, 2021:

CCL0012LEOEngagementOldActivity.jpg

And a couple of days ago, November 12, 2021:

CCL0012LEOEngagementNewActivity.jpg

That's a pretty substantial drop in activity, especially in the number of active accounts, and the number of comments.

But let's look at something a little different.

Who's At the Top?

On February 20, 2021:

CCL0012LEOEngagementOldTop.jpg

On November 12, 2021:

CCL0012LEOEngagementNewTop.jpg

This is not where I expected to see the biggest differences, as activity tends to "concentrate" at the top of most ranking-like endeavors. This is somewhat borne out by the way that the further down you get in the top-10, the greater the declines.

But the most telling is perhaps this next set:

Getting Into the Top-100

Positions 91-100 on February 20, 2021:

CCL0012LEOEngagementOld.jpg

Positions 91-100 on November 12, 2021:

CCL0012LEOEngagementNew.jpg

Wow! From an average of 15.3 comments to make it into the tables 9 months ago, to an average of just 4.0 comments today! That's a more than 70% drop. And it's even worse if you compare comment lengths, which gives us more like an 80% drop!

In "layman's terms" this all suggests that the hardcore supporters are still (mostly) here but the majority of the crowd have actually "left the building."

That's a problem!

Why Do I Even Bring This UP?

I bring it up because I clearly remember the dynamic excitement that drove LeoFinance to parity with Hive... and beyond. That was all community driven!

Now we sit around and worry about things like "why can't LEO even hold 30 cents?" and I'm telling you, you're looking at a substantial chunk of the reason with the above graphics!

After 25 years of being active in dozens of online communities, the one thing — above all others — that experience has taught me is that successful communities never EVER let up. Long-term community building is never a "flash in the pan" event, it is more like a relentless grind that never can be permitted to stop or even slow down.

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The Proof is in the Pudding?

It's easy to get into finger-pointing, and arguing that LeoFinance needs to come up with a "another CUB DeFi" but there are two sides to that coin...

Yes, you have to deliver the product, but the support system also has to drive the product, and if people stop talking, the greatest gig in the world won't amount to a hill of beans!

Time to get back to interacting and engaging! And yes, I include myself in that recommendation... I'm certainly not above reproach! So I'm re-committing to my old "goal" of commenting at LEAST 5 times a day that I set for myself at the beginning of the year...

What do YOU think?

=^..^=

CuratorCat 13-NOV-2021

Posted Using LeoFinance Beta

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I've done pretty well most weeks, but the last 2 have been a challenge.

I think a lot of the conversation happen on those community posts which personally, I am not a huge fan, always taking up the curator choice positions and disjointed conversations.

I love Leo and I still enjoy a good conversation, but things all over the chain are pretty dry, I like to blame the fun killers and the downvoters that leave everyone intimidated regarding participation.

Posted Using LeoFinance Beta

When I first got here, I discovered that engagement is the life blood of Hive. You just confirmed it with these records. We need to put in our engagement coat on, and start supporting the community again.

I think we do, definitely!

The risk always is that people sit and wait for "something" to happen, but since this is a decentralized system, WE are that "something" that needs to happen...

=^..^=

Posted Using LeoFinance Beta

Could be something to do with circle jerk voting, downvoting non approved content, over rewarded shit posts, and the whole thing being a ponzi scheme....

Cynical much, lately?

I'm thinking you're talking about the root level Hive platform, not the LeoFinance community, in particular (which this post is about)... otherwise I can't get your comment to make sense. Interest/topic specific communities tend to be — by their very nature — centralized to a great degree, and tend to have "approved" content in line with their focus.

And I'm OK with that. If I specifically joined a chess group, it would annoy me if someone was constantly insisting on sharing knitting instructions...

=^..^=

Posted Using LeoFinance Beta

And by approved I mean approved as in not questioning the narrative of the Leo insiders on subjects directly relating to crypto currencies or get down voted to oblivion!

I do mean the whole Hive platform, yes, but more specifically Leo which I think is the worst in all those regards.

That is why I pulled all my investment and engagement from Leo back in February.

Good front end, looked promising to begin with, but a scam from start to finish.

Oh please.. A scam?

You mean you don't like the curation and you didn't like getting downvoted, and I hate both of those things for you, but that is not a scam.

Posted Using LeoFinance Beta

No, downvoting is not THE scam - but it is a tactic being used by the scammers.

The scam is to create new tokens, pump them, dump them, then do it again.

And meanwhile the bigger scam is to control the Hive reward pool and gradually replace all the real bloggers with AI and contractors.

We saw all this play out on Steemt so it's no surprise, I just thought they could hold it together longer second time round. I've nearly finished pulling all my Hive out, and as with Steemit I will be a lot less restrained when I'm no longer an investor, or expecting any rewards :)

https://www.proofofbrain.blog/pob/@frot/helping-out-a-friend-on

LOL, your post as always is funny. Also, I'm not touching it. As for the "Scam" I see it as either you like it or you don't. I don't use the word scam much, cause it just means, I don't like what is happening, and if you are taking your funds out, you weren't scammed. I'm a free market supporter.

What you are correct about in my opinion is many of the whales don't care about the bloggers or blogging side, and some of them like to show their power and pretend to be helpful by flexing on people for no good reason that I see.

I've always enjoyed our conversations even when we disagree and I think we lose a lot of good and interesting people and view points due to the power plays.

I don't like words that don't mean anything.. farmer, spammer, scammer, scam.

I read all insult words in my head as.. POOPY HEAD, because they are mostly interchangeable and don't mean anything without explanation.

Yes they are poopy head :)

On other platforms I let rip because I don't have any financial connections to my accounts, but on steemit and hive there is always an implied threat that they will take away my rewards if I don't play be their rules, so sooner or later it will always go wrong.

Truth is they do me a big favour reminding me to get out my money - I have just made a six fold gain on Hive - similar to what I did on Steemit - and if it all goes arse up again and there is a new token or a new hardfork coin I might buy that cheap as well. I did very well on Leo too, because i sold it when it was high.

So i'm not too bothered but I feel for the people who believe all the moon crap and hodl while it goes down the chute - which i'm certain it will sooner or later. I am surfing a ponzi scheme - same as other cryptos but with more awareness of the corruption