About the vote buying, not what I was saying, I mean those who buy votes generally end up with similar low effort content.
Okay yeah, but there's gotta be more proof of brain behind the rewards, or just send everything through beneficiaries to spendhbd than give authors any since they're already getting the benefit from the discounts - if that's then deemed feasible by the community in on the other hand is another thing but the post was mostly talking about the posts themselves.
My comment was meant to give some ideas and possible solutions such as how many actifit posts improved a lot after being incubated in ocd communities, spendhbd has been alive for quite a while now to just give it the "don't throw the baby out with the bathwater" excuse. If the content/effort behind the posts getting rewarded the same has deteriorated to the point where people are downvoting and making posts about it, then maybe some changes are in order.
I'm personally still in favor of the idea and would welcome more experimental ideas that favor all stakeholders in the future.
Maybe you can help contribute to those ideas and help us build the tech to make these ideas a reality? Either way, we will continue to work towards it with the one developer that we have working on the project. At the end of the day, this is a community project, its exploded the HBD spending economy from zero to over a hundred thousand usd per year at points, and is currently around 80K HBD spending per year. There are hundreds of users now spending HBD that weren't there before and hundreds of businesses that accept HBD too, and its been done on a shoe string budget from personal money, from which Dan and I do not profit. Sagar and I have planned to implement a better payout system over teh previous months, but it takes time:
The above 4 are things that we are working on but it takes time with limited resources
I've given it like a couple hours worth of thought after reading this post, some comments here and some by @fokusnow and someone who asked him about an abuse vector, also talked to meno about some things regarding it and his experience with it.
Not sure why you're asking me to contribute more, we are all suffering from low hive prices and barely have devs hanging onto projects. Just thought I'd voice my opinion on how at least the curation and content could be improved and maybe the integrity of the sales compared to how it is currently looking.
Those sound like some good planned improvements already. We gotta remember that users like to game things, we see it all the time. No one distrusts you or dan, it's the other's that have leeway.
I think SpendHBD is well misunderstood by many. While there are obvious things to improve which I have personally taken note of, the project is really impactful to the Hive economy and adoption. I'll give just one example.
If majority of the businesses onboarded start staking Hive to support their customers (@happycustomer just reached 1k HP in few months and still staking 3 Hive daily for the next 1 year), then the investment in HP long term is certainly a positive for Hive. If Hive is helping businesses to sell more, it won't be hard to convince them to buy Hive off the market and stake long-term.
Now if businesses start encouraging their customers (new hive users onboarded through shopping) to stake Hive too for long term, I feel it's a kind of great thing. I (Happy Customer Supermarket) have started it already, some customers joined August HPUD. So buying Hive and staking is one thing spemdHBD is encouraging and many other values like onboarding.
One obvious thing is this: adoption can never happen with a fire brigade approach. Step by step, customers learn to stake, to create more content, create quality content and just add value in order ways relative to what they gain. There could be mistakes and loopholes along the way, which we try to work on as fast as we could. But overall (without any bias) the project is well-thought out and has the potential to add value now and later.
Yup and the only way that we close that leeway, is by using our resources to close loops. although im fairly happy that the amount of leakage here is minimal, especially when comparing it to some of the content that gets huge votes and has zero views, and some of the other ridiculous marketing initiatives being spent on that have no KPIs, or onboards to show. There are much more prominent people where we should focus our attention to hold to account with their spending directly of community money where zero results are shown or presented to the community.
Totally agree. Just saying it's good to have these conversations. I realize some here in the comments knew even less about spendhbd than I did. I'd also welcome people questioning if @redditposh is being abused/misused or overrewarded for the "value" it may bring to the ecosystem, since both projects are kind of similar where they maintain themselves using the author rewards pool.
Now if only we could talk more about the valueadd some proposals have it'd be even better!
We really need to quantify the amount of HBD being bought off the open market vs curation rewards, so that we can demonstrate that it causes a net buying pressure to HBD. i.e. the more whales vote, the more HBD is taken off the market via this imitative. Just haven't been able to do it yet, but the data is clearly there on chain.