HIVE doesn't need to payout as much as Youtube does to its top creators to find success within such markets. Ex. There are plenty other markets that thrive in such a system like click to pay sites and survey taking sites that pay similar or in allot of cases less than a blogger on the HIVE Blockchain can make. All users of such sites are within the same userbase (a userbase that is trying to earn online). The difference is the payout one gets from those click to pay sites and survey sites don't have any chances of increasing in value. Such users also run the risk of having their account taken away (banned/blocked) and with it the potential to earn. That isn't true for HIVE as we get paid in cryptocurrency and answer to only ourselves.
Toss in the fact HIVE blogging adds the lawyer of investing in the ecosystem itself with funds earned in that same ecosystem. Doing so is as simple as not turning your HIVE to Fiat or any other off-chain currency. Such a change if not successful could be very damaging. I also feel as there are some unknowns like what happens to the price of HIVE. I feel as many think it will rise but I'm not convinced. I believe HIVE's Fiat value could shift to the second layer tokens that replace the current reward system. So if whales are supporting this idea and trying to push it forward thinking their bags will increase in value I hope they have something in place that keeps the attention on the main HIVE Token because if not the desired results might not be what they expect.
When people say "content creators" they have in mind creators that create what is considered high quality content on a continuous basis as a job part time or full time. Because Youtube can support that they get to have a robust and dynamic huge content library.
Hive will never be able to sustain that on the base layer.
If you want to look at Hive as a click and pay site, well, that kind of ties into me calling Hive content rewards as a crypto faucet with a twist.
I disagree, when I hear content creator I think just that. Anyone who creates content regardless of the income they receive from doing so. I haven't interacted with many who put an earning threshold on who is or who isn't a content creator.
I wasn't comparing HIVE directly to click2pay sites. I was making the point that the blogging section of HIVE can carve its nitch within the userbase that like to earn online as did many other industries. Aside from the examples I already mentioned some more are Fiverr and Upwork. Both respected sites that many use daily to earn a handful of dollars. The earning HIVE for blogging is what drawn many of us here in the first place and imo is HIVE's greatest onboarding tool.
In that case we dont really need rewards at all. Which again just shortens the path to L2. hehe.
But if we want high quality stuff people will create on a continuous basis they need to get paid. Quality takes time. It takes incentive. Or they will go to where they can be.
My wife is probably the best musician that ever posted on Steemit. She doesnt make music here anymore on Hive. You know why? Because its simply not worth the effort needed.
She would rather post her music elsewhere, where there is a chance to earn something significant while earning nothing right now, then post here on Hive for a few dollars without there ever being any chance to earn something significant.
Most quality content creators think the same way.
:)
I'll play along; If by, we don't need rewards at all, you mean content creators than I can agree. Content creators sometimes create for the love of doing so or because it gives them an escape from everyday life. Thus my point that an earning threshold doesn't dictate if someone is a content creator or not. If instead you mean we as in the Hive Blog Community, I would disagree as its the model that the current user-base of hive signed up for. Changing it, changes what Hive Blog is at its core. To do so would be the same as sticking a big WEB2 sticker on HIVE's non-existing face. Web 2 tokens would help the transition and keep us away from being WEB2 but I commented on how that might go in my opening reply to our conversation.
I can agree with this to an extent. There is multi routes to finding quality content creators. If one is trying to attract those who are already massively successful than you would be correct but if instead we focus on finding exceptional content creators that are just starting out the lure of getting them to post on HIVE won't be as costly. I would argue that there are some benefits to the current HIVE Blog that work in favor of early content creators such as earning instantly, youtube does not provide that. Youtube requires at least 1000 followers an X hours of watch-time before they consider any content creator as an earner.
I understand and get all that and it goes back to my point of finding new quality content creators vs already established ones. The other rebuttal I see to this is that with music its not frowned upon to repost the same music lyrics or music video on multiple platforms. So even if one is earning more elsewhere, earning something extra for linking work already created is an option.