I don't know how long ago #PoSh was originally created, but it has been a while now and I have mentioned it several times before. For those who don't know, "PoSh" stands for Proof of Share and is an an initiative conceived by @acidyo to reward Hivers who share their content or the content of others onto Twitter.
Personally, I am not very active on Twitter, though I have tried to be in the past and do go in and check out what is going on Hive-wise there. However, there are many who are very active and there is value in getting Hive-derived content filtering out into the wider world.
While on platform there is the opportunity to earn in curation, sharing content doesn't come with an financial incentive, which is a bit of a shame. PoSh changes this though, as when content gets shared on Twitter, it is evaluated on how it performs and when compared to other shares of the day, will earn a piece of the 500 POSH tokens from the daily pool. This means that people who have active Twitter accounts can leverage their audience and earn POSH tokens, without needing to post on Hive itself - it becomes a consumer earner.
POSH tokens are traded on the Hive-Engine market and while modest, it is early days in the POSH journey and there will hopefully be more volume coming. The other day there was an airdrop and since I only got a couple hundred, last night I bought a couple thousand more, to make myself a little PoSher.
What I like about this initiative is that while it is still purely speculative and has little direct token usecase, there is potential in it to become a token that can unite many Hive interfaces externally in the future.
For example, to qualify for access to the daily POSH pool, you would need to register at the hiveposh.com domain to connect the Hive and Twitter accounts and share a link from one of the whitelisted frontends, which are currently hive.blog, leofinance.io, ecency.com and of course peakd.com - and add #hive or $hive as tags to the Tweet. This means that a consumer with an active Twitter can have a pool of content to share with the world each day that also earns them a bit and drives traffic back to the numerous Hive gateways. This is good for everyone.
While I am speculating even further here, I think it might be interesting if the value of the POSH token was supported by some of the interfaces or various stakeholders, so they can piggyback and it becomes a trigger for additional token drops, where for instance, a share from Leo could earn a little LEO on it as well, or various ways of collecting a small fund somewhere along the line to buyback POSH and burn. Who knows. What is known however, is that getting content spread far and wide is valuable.
While most people work on the financial incentive which is natural given we are in crypto, one aspect of this initiative that adds value is the discussion around sharing and how more people will start considering sharing Hive content with the outside world. It would be fantastic if Hive content was getting shared outside of the platform to wherever it was relevant, with trickles of consumers being pulled back in to find the future of the internet as they will learn it.
Oh, another interesting thing about the current set up is that the tokens earned by the unregistered Tweeters who qualify with the right share conditions, get burnt. This means that out of the 500 daily tokens, only a handful might actually go into circulation, increasing scarcity. However, what would be awesome is if all of the active people on Twitter registered and used the posh conditions to earn and create demand scarcity on the pool, which means that the earnings or purchases now could be much more valuable in the future, especially if the initiative keeps growing and attracts some additional support from the community to add growing value to the token.
So, for the Twitter users out there:
- Register at https://hiveposh.com/home
- Tweet links (your or anyone's) from the whitelisted interfaces
- Add the tags #hive or $hive
- Earn some POSH and get a little PoSher
Additional information on PoSh can be found here including the comment details that are left after a share on Twitter, which uses editing comments in a pretty cool way.
Got something to share?
Taraz
[ Gen1: Hive ]
Posted Using LeoFinance Beta
This is also a nice combination for people with a following outside of Hive who may not yet be on Hive, you'll get notified with a memo when someone from your following signs up so you can help them out with RC and of course give them a follow to help them get started.
If I was a big influencer outside of Hive this would be very interested to try out and see how my passive earnings could build up from it. Posh + beneficiaries from invited users + rewards from the poshtoken comments if someone votes them up + more people on Hive that in general make the price appreciate in value as well. It's kind of a win-win and in probably even more ways than one can imagine.
I'm happy it seems to be working well so far, @rishi556 did an amazing job for a nice community-friendly hive price compared to his usual hourly rate. Blockchain devs are not cheap! :D Can't wait to fine-tune it more and then hopefully tackle more platforms than just twitter!
That is cool - I have never noticed that before! I am blinded by my age :D
I think after all this time on Hive we're all getting pretty old. :p
If only I was still in my early twenties and had just noticed Hive, I'd have so much extra energy.
I find it crazy that there aren't more young people here having fun and getting in on web3 in the early days. They seem to have fallen into the trap of web2 consumer mentality, not realizing they can be owners.
From what I understand most young folks are still stuck on tiktok, Instagram and facebook. Even on Reddit people kind of make fun of them for getting stuck to those "forever scrolling" "never satisfied" brainwash machines. Of course Reddit isn't far off and recently some of the people from the others have found out about it and chasing imaginary internet points there too but seems like most are just happy with what they get out of the other platforms with some of them chasing fame and becoming influencers while the rest just write out controversial things to possibly get fame for a few minutes.
It's a weird world out there nowadays. You'd think at least those in their thirties who were young when the internet was as wild west as decentralized networks are today would be interested to relive it again but I guess everyone busy with life.
Forever scrollers, never holders.
You are right that the older people should want a return to the old days of some sort. It is probably why on Hive the older people do pretty well, as they know the digital pirate life.
I am practically a boomer yet enjoy TikTok. You cannot argue about the success. I have no idea how, but if we could bring some of that magic here, maybe we would finally see some growth. Remember TikTok and Steemit started at roughly the same time. I know it is easy to goof on TikTok, but then again posts there with a MILLION views are no big deal...
There was another website similar to tiktok that didn't last as long, guess they doing something right this time around at least. Just wonder how quick people would move on from it if something better came along.
~~~ embed:1416177968771178496 twitter metadata:b2ZmZ3JpZHx8aHR0cHM6Ly90d2l0dGVyLmNvbS9vZmZncmlkL3N0YXR1cy8xNDE2MTc3OTY4NzcxMTc4NDk2fA== ~~~
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
What happens if someone shares a post of mine there?
I'm not on Twitter because I fucken hate it, although occasionally someone shares a post of mine there. I wonder at why they do so as it's my post, not theirs.
See the tweet comments here, that happens. Most content shared on Twitter is not originally from the perdon who tweets. It is crap from magazines and the news. Most content on the Internet is from a small pool if creators and a lot of reposts from the audience. Once on the Internet, there is really no way to stop people sharing it.
Ah ok, I'm not Twitterised so don't understand the ways of the Twit, despite mostly being one. Lol.
Yeah, it isn't for everyone, but it can be useful for those who enjoy Twitter to share Hive content there also.
Yeah, Twiterisers will love it.
Oh god I love Hive!
I learn something new almost every day. Thanks for the post. This is very interesting and useful information. Thanks too for your perspective on the potentials for the future. Broadening the interconnection of the hive ecosystem to the larger digital world is one of the principle reasons I joined.
I'm particularly impressed with your commitment and capability to create such quality content in spite of the medical difficulties you have endured recently. You go guy!!!
Blessed be.
There are many reasons to be here, but this is definitely one of them. The entire crypto/blockchain industry needs to continually find ways to firstly integrate with the outside, then draw the outside into the new web.
It has been challenging at times to keep writing and commenting, but I also see it as part of my recovery process :)
Great initiative to give Hive further exposure.
In my country, there are so few people who use Twitter, but so many use Facebook. So, I hope other platforms like Facebook, Tiktok, Reddit...will be included in this initiative in the future.
Posted Using LeoFinance Beta
It depends on APIs I think to at least some degree as to what can be included, but it would be great to see an expansion in the future :)
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Good
Good luck with it and hopefully you will be able to get your followers leading back into Hive :)