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RE: Daily Crypto Markets Live Blog: Cryptocurrency Markets Getting Blasted (09/25/21)

in LeoFinance3 years ago

Write a book if you want long term rewards and residual income. Michael Jordan made some basketball shots that were off the charts. Guess how much they were worth? 2 points. Tiger Woods hit 350 yd drives that counted exactly the same as a two inch putt. And then he went to the next hole.

This is not a place that rewards one moment of brilliance. It rewards effort, consistency, engagement, and longevity. There are no short-cuts on HIVE. Nor, IMO, should there be. It's one of the things that makes this place great. No one can come in off the street and hog all the rewards. But anyone can come in off the street and earn those rewards.

The payouts aren't always "fair", but that works both ways. If you put in the time, you will be overcompensated sometimes for average work, just like you'll be undercompensated sometimes for brilliant work. It's a marathon, not a sprint.

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See, I am not looking for shortcuts. And there are none unless you are ready to screw up your reputation. Talking about longevity, again, my posts after 7 days do not have a chance to get rewarded. I might have put 3 days of research before putting out a post that could bring traffic to the platform continously. So in a sense longevity of content is not rewarded. But yes, you have a chance to get rewarded for time being spent commenting and socializing with others. I am not saying the current system is flawed. There are PROs and CONs. Maybe we can add some kind of incentive if someone's content provides value (more traffic/pageviews) to the platform in long term. Maybe add another token but I don't think this can be implemented at the base level. Maybe tribes or some DApp would come up with their own ideas. Like Peakd has tips! Like Leo Finance is providing more opportunities for its users to stay on the platform and that is why it has a chance to become bigger than Hive one day. ✌ I know all of it is one big experiment and I thought of throwing in some suggestions. These could improve the experience of the current and the new users but I might be wrong. You guys know better how this platform works and how it has been evolved over the past 4-5 years.

The payouts aren't always "fair", but that works both ways.

Agreed! Traditional social media is the most unfair of all. Hive is far better in terms of rewarding people for their effort and time. In fact it's easier to catch eyeballs and make money on Hive as compared to Youtube or any other blogging platform. Everyone has the same number of opportunities presented to them. One needs to just look around.

Write a book if you want long-term rewards and residual income.

Hopefully, one day! 😁 Need your full support to sell millions of copies Dagger ✌

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There ARE tokens out there for this purpose. POSH tokens I think are for twitter stuff. PIZZA, LUV, WINE, BEER are all tokens that you get as "tips". There's a couple more I can't think of right now.

There are also many curation accounts actively looking for quality original content to reward. OCDB comes to mind. I've actually got some HIVE delegated to them.

I get what you're saying as far as wishing there was a way to get paid more for impactful articles but....newspaper/magazine writers don't get paid like that. They just get their salary no matter how many brilliant articles they write. The newspaper/magazine makes all the money from more issues being sold and then the writer(s) selling them have to negotiate payment terms after the fact. It just feels like you're barking up the wrong tree here. I could be wrong. You may come up with a brilliant idea and then can submit a proposal and change everything. :-) That's the great thing about this place. We all have that ability/possibility.

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That is true, my ideas are only great if they are implemented either by me or someone else. ✌

Discussion on these issues or enhancements is fine but in order to introduce them in the system, it could take years of development effort.

POSH tokens I think are for twitter stuff. PIZZA, LUV, WINE, BEER are all tokens that you get as "tips". There's a couple more I can't think of right now.

These look like some great options. I recently started getting POSH tokens so I keep accumulating in addition to all the other Tip Tokens. Hopefully, their value and use-cases increase over time then it will be worth the effort.

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This is not a place that rewards one moment of brilliance. It rewards effort, consistency, engagement, and longevity.

Yeah I think this is a good way to summarize my opinion.

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The payouts aren't always "fair", but that works both ways.

I made a few posts thinking (based on recent history with the topic for me) that they would earn me up to 100 LEO. They ended up much closer to 1 LEO than 100 LEO. Heck if I know why.

I've also made a few posts I thought were so-so, and the earned LEO on them nade ne smile. I can't say why in this case, either.

We write the best posts we can, but the earnings are a crapshoot much of the time (not including exceptions, of course).

The major earnings are made during the first day or two of the 7 day period, and more earnings are made the other days. None of us are saying older content earns at the same rate as fresh content, but a reward for traffic generated by the older content would be nice (even if it's 0.000000010 LEOs). If older content produces, it should be rewarded in some way. If older content fails to produce, we get paid in ZEROES (each one valued at 0.000).

I'm not saying it has to happen that way, and I'm not saying older content should break the bank for us.

Just as Hive and Ethereum have Layer 2 solutions, there could be a "Layer 2" solution added to the payout system. If anything, it would be an opportunity for investors to put their mark on Hive in a new way, and if the idea succeeds a new pool of funding can be created for handling the rewarding of older content which produces. These investors need to be rewarded as well. No post gets rewarded just because it's 6 years old-- it has to produce for Hive in some way. Otherwise it gets rewarded with ZEROES (0.000).

I'm not saying do awy with the 7-day period or modify it in some way. I'm saying reward productive older content in some way. There's plenty of time to figure this out, so it doesn't have to be done here today.

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