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RE: Web 3 is The Black Hole

It all comes down to user experience and having a reason for them to be here.

Why would they choose a Hive app over what they are presently doing? It is not because of rewards. We tried that approach and it failed.

The reason is because of the benefits that are offered here. Immutability is important to those who had their accounts closed. Censorship resistant is vital to those who were silenced on the mainstream platforms.

At the same time, if we can provide a better user experience while also catering to what they do NOT have on Web 2, we will have a smash hit.

By the way, are you optimistic about Hive's future? I couldnt tell from the video.

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The term rewards has been so misused on we almost forget its meaning. If we are talking about rewards from PoB from the actual Hive token, I agree, that isn't what will keep them. Hive is a governance token which requires distribution, the fact people can earn some in the form of a reward is a bonus.

However if we’re talking reward incentives communities can set up, I think that’s where the real home run is. PoB, NFTs, ratings systems, mining tokens, the list goes on. As a community creator I am licking my chops to get all of these tools under one decentralized belt. PoB for example can be incredible powerful in a niche community where reward disagreement would be less of a thing and centralized moderation could keep content discovery clean and on topic. Stake a fan token to mine NFTs from your favorite creator.

It’s all about giving creators all the tools possible to succeed. And those tools are perfect to be used on Hive.

I’m kinda bullish about Hive, seems like a okay project. ;)

@theycallmedan

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#theycallmedan

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