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RE: Web 3 is The Black Hole

in LeoFinance3 years ago

Sorry mate, but I think you are very wrong on two important points here:
(1) Steem/Hive is not very censorship resistant. Many people are here with clear name or at least references that would have a clue to their identity. @dwinblood was the biggest content creator in politics when i was active and his name is actually Deva Winblood. Many people don't want to speak their true thoughts on a public blockchain and in countries like Germany the government does not fully allow for free speech so it can get very dangerous. Sure your account can't be banned but that does not mean you can't be punished for what you say.

(2) Hive is not something for a normal investor and no Star is gonna bring his fans and get rich through Hive. He might get rich through his fans through hive, but there are better platforms for that like vanilla youtube. To invest in Hive means you support all content on hive, broadly and some specific, it is not meant to become rich.

I would see a use case for a music label that maybe wants to broadly support artists to take the most promising under contract. But to go to someone and say "hey invest in hive, we have a great community, therefore you will make money" is bs and you should know that.

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I never said Hive solved political and geographic issues. It solves the fundamental issue of not having control over your digital life, which supersedes any country because it has no borders. Now, countries that make free speech illegal and do oppressive things (not saying Germany is doing that, just giving a random example) are issues that no blockchain or anything else can solve. Not everyone can leave the countries they are in, and it's a real problem for those that feel trapped. I do agree there.

  1. I broke down clearly in my video, stating how utilizing the tools on Hive (some still being built), creators can tokenize their community, similar to LEO, and be much better off. Since you say they can make money somewhere else, I ask, where could LeoFinance build other than Hive on web2? Web2 relies 100% on the declining userbase it has. Hive relies on the tools that any creator can pick up and use to build communities, unlike anywhere else.

Your last comment is off-putting. I spent this time writing this out when you clearly didn't listen to my video. Anyways, cheers.

sorry if I was little harsh, but I listened to the whole thing.

I don't dislike Leo, it is a good interface, has some bright people in the community and it makes sense to build a community on financial investing on a crypto-based website. I even bounced the idea of a similar project for politics called WarzonePolitics so its not like I don't see any value or possibility of development on hive.

Sure you didn't say that but I just hate it that a lot of hive suggests that everyone is earning money here, you get even paid to vote (curation rewards), while the reality is that someone has to pay. I stand by the statement that you should rather look for sponsors than investors.

at some point, we have the smart contracts we need. At this point, we can have smarter advertisements as web 2.0. This will break web 2.0 and brings the billions of ad revenue to hive.

With ad revenue, people will come to hive in masses. Not only the top earn, everyone can earn.

The current problem is, on youtube you can make 10k a month without being one of the big. Token rewards cant cover it. In an attention-based economy, hive needs to pressure in this market.

More important as any defi tools or whatever on hive. Because that's the true web 3.0 and commercials are needed for this.

The cool about this is, the law will be made in code.

It starts slow and increases.

I played JA-2 back in the days and realized your pic at once. But, somehow you're totally wrong without knowing it and that's ok.

Mensch Manni, du weißt doch genau das ich Recht habe

Hahaha :D

Nice.