I've had the same vision for Hive since day one, and I'm pretty sure most that follow me can almost say word for word what I think Hives main value case is and how it can be utilized. When blocktrades talked about Hive's future as a 2nd layer blockchain network, I agree with this approach. When blocktrades talked about Hive's future as a 2nd layer blockchain network, I agree with this approach.
"Anyone can write their own 2nd layer Hive application that gives meaning to these custom_json transactions, and they can do it without requiring any changes to the “core” Hive software."
Basically states that Hive can do whatever you want it it do, you give meaning to the information you're storing in custom_json transaction.
"I want to use it to launch Hive-based applications for computationally-enhanced information sharing, which is something I’ll talk about in more depth another time."
But what kind of applications will be built? We can buidl anything we can think of, what do you think the free market will choose to with this power of choice?
I am the first to say jack of all trade’s masters of none, in this case I think Hive will specialize in a certain area, not because of code limitations, but because the free market will utilize Hive in certain ways. I believe what will be prominently built on Hive are web3 sites.
We will not beat out Bitcoin as a store of value because Bitcoin has a fixed supply. We will not beat out ETH for DEFI (anytime soon) because of its first mover advantage and critical mass of liquidity. While every other chain is trying to “out scale” ETH, they miss the boat entirely. Liquidity makes the world go round. Liquidity is king and damn near impossible to replace once reaching a critical mass.
Go to where the liquidity is and bring a straw.
What ETH cannot do well is what Hive was born to do. If you want a plug and play social site, you go to Hive. Therefore bridging to ETH, atomic swaps, impregnate eth with Hive and people don’t have to choose between access to liquidity (dexes are the future if that isn’t apparent by now, uniswap does more REAL vol than 80% of cexes, cant wash trade onchain without getting rekt by fees) – so we have an incredible spot here.
While other chains try to fight ETH, we jump on ETHs shoulder and cement our value prop while there is zero competition. When people finally wake up and realize ETH has won DEFI, competition for everything will be fierce. But right now, gamers do not want to pay high fees for their NFTs, social sites most haven’t even comprehended because most don’t look past things that are not built/bridged to ETH. In a way Hive can bridge to ETH for access to decentralized liquid markets, ETH can bridge to Hive for scalable web 3 solutions for everything from gaming to social sites.
Could Hive become as liquid as ETH? Of course, but I like to take the route that wins on all fronts. IBC will never be bad no matter if we are ranked 100th or 1st.
Web3 sites with tokenized communities, NFTs floating around, interactive games, censorship-free experience. Sites become "skins" and if one censer your post another will gladly take your business. You do not have to start over with your follower count or your content which will make frontends more accountable for their actions. The days of siloed information is over. Hive enables WordPress like super features but are upgraded to web 3 features.
Plug and play social sites and communities, no other anything in this world can offer what Hive offers. We are a one-stop-shop for everything one could ever need to build a decentralized site. "Decentralize the Web" is Tron's motto, fuck that, that is our motto, that title belongs to us! We should be telling people you can build the next Facebook on Hive. Oh, and Facebook is a half a trillion-dollar market cap company. You could do the same with Youtube, Twitter, etc. That is one hell of a story to pitch to any investor.
I have been pitching that to whales since I have been here, to great success mind you. However, there has always been an issue with the long lockups with no way out. I have said this many times in the past, that is why we do not see many whales powering up, but they are out there, trust me I know a lot of them.
Web 3 sites are not just your Facebook's, Twitter, and YouTubes, it is your everything. Splinterlands for instance I consider a web 3 dapp. I believe games and social go hand in hand and I think that's where Hive will shine. Build a game with a web 3 and an immutable community with your own token. That is Hive, that is bullish, that makes me get super excited every time I say it.
The Value of HIVE
I copied these ideas from a recent post by Yabapmatt.
Hive as an Immutable Content Store
I believe this is the backbone of Hive's value prop. It is mandatory in web 3 for any social site to give users the ability to have a censorship-free experience. While alone it would not be giving Hive its full potential, but as a base layer to start, it is key. Without this, you have nothing to build on top. This is just layer 1 of our story that we pitch to investors.
Hive as an Advertising Platform
I am an extraordinarily strong believer in decentralized advertising. Hive, with proof of brain, has given an incredibly unique twist to how this is done. However, I believe the best way to go about this is "burn to promote."
This is the pitch. You have a million subscribers in your community, bring them to hive, create an immutable community with plug and play web 3 sites (Tribes, etc.) - now you have your own token. The next step would have built into condenser ad slots where the site owner can predetermine how much that ad slot cost. The payment will be in the community token. Thus, "advertise here" slot, you click, it says x amount of token to advertise here for x time. You deposit it, the token is burnt, and your ad shows up. If your ad is offensive the site owner can take it down anytime.
Now this person with a million followers can monetize the community in a way that was impossible before and create a market cap for that community attention that is liquid with 24/7, censorship-free trading.
Bid bots were not a bad idea, just abused in practice. You cannot advertise for free or the token will lose value over time and the ads will overtake the platform with shit. However, if bid bots burned a portion of their rev, they might not be slammed with downvotes. I honestly believe in the bid bot model, I think it is great, however, it needs to be BULLISH for Hive for the long term, not the short term.
What makes Hive valuable for ads are the second layer token economies like Leo, etc., that use ad dollars to buy back tokens off the market. Buybacks, buybacks and burns, ad rev distribution to token hodlers, etc. these are endless ways to monetize attention that Hive allows people to do by giving them to easy tool necessary. The value comes back to hive by needing RC's on the main chain, just like ETH gets its value by needing to use it for gas.
The reason 2nd layer ad tokens make sense is because there will be a owner to said coin. That means that owner is incentives to go out and buy/burn their token to increase the value. Since Hive is decentralized, no one wants to go out there and buy Hive to burn it, just the same no one wants to do that with Bitcoin. However, RCs are the trick here, 2nd layer ad token economies can become massive and they will need to have RC’s to be able to keep their ad network running. We should look to add ways into condenser to make ads seamlessly tied to token burns.
Of course, the 2nd layer tokens can also have PoB, Bid bots setups where users are more incentives to burn profit to raise the market cap of their tokens. Centralization is good because it is greedy and will do what’s in the best interest of the centralized party. Make the tokens censorship resistant and let people place bets on front ends in which will drive the most traffic thus has the most ad rev.
Hive as an Incentivization Platform
Everyone that knows me knows this is my bread and butter. This is how you rally a community, get people engaged, make the atmosphere fun and energetic. This is one of the greatest things about Hive and one of the main reasons I am hesitant to remove the universal reward pool. My vision has never been that Hive is a content discovery platform. Ever. That is impossible without centralization. Communities will carve out niche topics that are heavily curated. You cannot curate a universal buffet of content in a decentralized way and think we will have any kind of real content discovery the masses will enjoy.
The power of hives universal reward pool is the distribution of the token. that is why Roger Ver (hate em or love em) would give out tiny bits of bitcoin to ppl because getting coin into as many hands as possible is the end goal.
The network effect is what makes value, there is no easier way to onboard a user then to say hey here is your Hive acct it has x amount of hive in it, good day. Then they will hawk the price and when it goes up, they will become interested. But it takes a thousand tiny seeds to be planted.
That is why hives distribution model is so effective because it is in so many hands. There is not a more diverse network effect in crypto. I know many hive users that have never even used bitcoin before they earned Hive for the first time, not many cryptos, if any can say that.
Therefore, I believe the curve is a bad idea because it takes away from comment rewards which lower people wanting to put the effort to make great comments. hell, we should have trending comments, because some can be better than the actual content written or can complete it in some way. We should reward that do not penalize that; we know the curve hurts comments the most.
So, I see hive as a place to come buidl your web3 site, plug, and play NFTs and marketplaces. Communities will become sites as we are seeing already. Make this process trustless and decentralized and you have a madlad use case. AS for the universal reward pool, I am still not ready to give it up, there needs to be a way to achieve the same effect that it has without putting a burden on investors.
Also, I will come back to the instant powerdown with a 5% burn fee. This is the best idea IMO to get investors powering up their stake. You can make it optional, you have one chance to add it or not, if you click no it becomes impossible to get. I understand we want to protect users, but people hold tons of ETH in metamask all the time, yes many get scammed, but it’s a much better user experience for the responsible users. I am not a fan of lowering the ceiling for all to protect a few. We can also have whitelisted withdraws, 2fa, all kinds of things to help users better protect themselves. This is a hill I will continually die on because I have not been convinced its better to force people into a 13-week lockup with zero way out.
Here is an idea, how about when people instant powerdown half the 5% fee is burned, and the other half is given to users who are powered up? That would make it more valuable to power up hive because during bull runs ppl who hold thru will be rewarded vs the dumpers. But we do need to sit down, our best minds and come up with a more bullish solution vs a 13-week forced lock up. I pitch my story, all investors high fiving saying this is amazing, then I get to the forced 13-week lockup and the air leaves the room. 13- week without a way out is just not going to fly with most, look at the exchanges that misused funds they felt like they were dealing with an alien currency.
We need a way to get in and out, either shorten the period for powering up to some very low and remove the universal reward pool to a second layer (that can be powered up longer?) or have a way to get out instant for a burn fee where half burned half to stakers. (I just thought of this idea this morning, started writing this last night and I think it’s a badass idea, imagine how much more hive you’ll earn during a bull for hodling.)
That is how banks CDs work, you lock up funds for higher interest but if your family member gets sick and u need medical bills u can withdraw it for a penalty. Make the Hive account feel like a bank account, a high yield CD. Show how much inflation you are receiving, show future projects, etc. That is all front-end stuff, but you get my point.
I will end this post with an idea. How about a way for investors to “opt out” of curation? Let us all agree of an amount of staking rewards that is fair and would entice people to power up Hive. Let us say 8%. However, with good curation you can earn up to 20%! Not guaranteed and far from your average results, but its possible. You can also earn 5% or lower in curation if your voting sucks. So, I say we gives investors a hands free way to earn a set amount that is both lower than the highest potential for curators (to give people a reason to curate) but is higher then shitty curation rewards.
I would say that number is between 8-10% and we can lower it as the inflation lowers in sync with everything else. This way investors never have to deal with curation and will not get shafted if they do not participate. There is both a world where a universal reward pool exists and a way to opt out and still receive rewards.
If we can get that stake reward to be as close to the avg curation reward as possible it will only incentive the best curators to use their stake.
However, the universal reward pool is for much more than just rewards, you can build a large following by upvoting comments (remove the damn curve!) and you can build a “army” of loyal comrades by rewarding them with upvotes. We can always polish this system, make it more patron. However, we must look at the free market and what is being utilized the most and what works. Bidbots worked but were flawed. That can be said by a lot of things not just Hive. It is our job not to throw the baby out with the bath water, brainstorm solutions and try everything before removing anything.
And as I said before, the best things on Hive are what we have yet to invent. What is a web 3 site? I believe it is much more than anyone can quite comprehend. I'm also looking to see if Hive becomes more used for other things, like immutable data dumps for other chains (good thing, need RCs) - so many different lanes Hive can go down. However, I believe it is best to get your vision for Hive and buidl it into reality. Getting a mass of people to see the exact same thing with a tool that is capable of anything is a fruitless task. Free market does all the thinking for us, we just need to listen to it. Cheers Hivers.
I am one of these people and this is a super important point that many miss - Hive has already bridged the gap to the mainstream, it just needs to be networked outward.
@edicted has been talking about using the "savings" function in the wallet for this. It is a good idea and shouldn't be hard too implement. I and others have talked about staking returns outside of curation, so that a user can stake, get a pretty decent return, but not be able to use that stake to alter community functions. Using the wallet could come with other limitations, for example not being able to use that portion in the wallet to vote proposals or witnesses - - but they can still have the shortened unstaking period (currently 3 day) of the wallet.
Lots of ways to tweak and yeah, I think getting rid of the comment curve might be a good idea - I upvote pretty much all comments I get, but not many do as it is far too expensive in op cost to do so.
As far as the blockchain is concerned, posts and comments are the same thing. Posts are just top-level comments.
The official narrative for the curve's existence is to "fight abuse", but I believe the true use-case is to fuck over small accounts and give more inflation to the top. This actually works out in our favor, because we are not small accounts, but I still don't like it. Bad for decentralization. Bad for rewarding valuable comments and low payout posts.
But you really have to know the point you're arguing. People like Wolf say one thing and do another. You think you're arguing about comment rewards when the unspoken argument is short-term gains for the elite.
This wasn't even supposed to be my point. My point was you can't get rid of the "comment curve". You can only get rid of the curve entirely or not at all. This is because removing the curve for only comments (non-top-level posts) will open the door for users to "exploit" the network again. Meaning there would be no point to keeping it around for top-level posts, given the official narrative or even by sourcing the unofficial one.
I think it's pretty obvious that the curve needs to go because free downvotes are doing a great job of stopping abuse by themselves.
As soon as I read "As far as the blockchain is concerned" I realized what I had said :) Yep - the curve, not the comment curve.
I don't think it is for lining pockets though and I do think it was intended to curb abuse, but perhaps it is enough to have RCs and downvotes.
Yeah I was wondering if I was just babbling on for no reason. Personally I lean more and more toward the idea that there is no such thing as reward pool abuse and anyone should be able to do anything they want for any reason. Free downvotes makes this concept even more valid.
As long as they are used. It might also be easier with 10 million users trying to earn at one time as the large abuse would still be dealt with, but content popularity would act more like it does on other platforms.
!ENGAGE 20
Yes good
ENGAGEtokens.I just thought of something. What about defi curation? People stake to a pool in which curators can access (can get blacklisted if they abuse) and stakers can earn passive income by staking to these curation pools. I need to game theory it more but wanted to put it out there incase I forget the idea.
I'm working on such a project. A curation account as a tokenized asset. People contribute with liquid hive that is powered up. Investors get tokens according to the invested amount. The value of the token is defined by the hive power of the account divided by the number of tokens in circulation. A market maker ensures the liquididty of the token.
The account generates income through curation rewards that is powered up and hence increases the value of each token. Investors can participate in the curation return just by holding the token. No need to power up or down.
Reach out to me this sounds awesome. Maybe I can help
That would be an interesting use case for sure and if planned well, should remove a lot of the potential for abuse that bidbots brought.
In a way current curation system is similar to that. The difference is you are talking about a single curation pool, vs. current model of multiple curation projects where indiduals delegate.
DLease does that in a centralized manner. Of course, delegating requires powering up and locking up one's stake for 13 weeks.
In steem I made a test of Defi curation where I gave a return to users who delegated us in @votovzla, we can say that several people liked the idea.
Those who delegated received a share of our profits or ultimatives from our curations and income from other activities.
We stopped doing this because Hive came along and we are discussing how we can improve the idea or abandon it.
Great idea @theycallmedan! But I think that everyone can become their own curation pool by borrowing hp on https://hive.dlease.io/market and then just have their own curation bot running or sign up to a curation trail on hive.vote that gives a higher APY than the HP loan they took out on dlease.io. On the other hand, the community leaders with tons of followers could also have a delegation pool system kind of like tipu and pay the delegators daily with HIVE tokens and/or other hive-engine tokens.
Also, I wish that hive.vote would actually list and rank all the curation trails by their efficiency and APY. Would help a great deal. This way, whales could power up their Hive tokens and sign up to a trail of their choosing (or several trails and weigh them accordingly) and use their Hive accounts as high APY savings/investment accounts, which they already do I assume. But this whole system needs to become easier to understand and more user friendly for the new and smaller accounts.
That is exactly what @curangel does if I'm not mistaken. You delegate to the account instead of staking to a pool, but same thing.
I like where this post and comments are going. Tweaking and refining how Hive works is very important. This is like a recipe and the only way to get it right is to make these adjustments and then measure the results. If we can rapidly test these variations that would also save us from disagreements and having to do hard forks.
The more we iterate now the more we will differentiate ourselves from other platforms (ehm... like Steem(It)) and that’s a good thing.
I would like to see the price of Hive continue to pull up and away from Steem’s.
These sorts of discussions (community wide) will accelerate this process.
I think that this is the benefit of decentralization and definitely of second layer tokens. Testing can happen simultaneously on many faces and we can get a lot of wide learning fast.
💯 %! For decentralization to work we need to play to our strengths to out pace the competition.
On that note... have you heard of the Telos Blockchain? Apparently the Appics dApp is transitioning away from Steem(It) in what they call the migration. I checked out Telos but for the life of me I can’t understand why they decided to do this... for one it doesn’t hold a candle to the Hive Blockchain and as far as I can tell it’s also heavily centralized.
It’s to bad that Appics didn’t decide to build on the Hive Blockchain... We need people and projects that are willing to try all sorts of different approaches. Hive has huge potential and if we can create more synergy I think it will go far.
Do you know anything about this Appics migration or the Telos Blockchain @tarazkp?
Isn't Telos an EOS copy?
I heard that Appics is making the move and I figure they aren't moving to Hive because of historical reasons - as well as them supporting Steem (initially) after the fork drama because they got a delegation from Stinc.
That explains a lot... And it’s very unfortunate. But if all it takes is a delegation to sway a decision as critical as the migration from Steem(It) to Hive was... then perhaps there really is no point in worrying about the Appics project is there...
It’s all about knowing EXACTLY what you stand for first and foremost. If that vision wasn’t in place initially then there’s not much that can be done.
I did think that the project had a lot going for it though... that, I think, is the unfortunate part.
I think you may be correct. Telos might be associated with the EOS platform. It’s been awhile since I checked on what’s happening over there... There’s just so much happening here on Hive that I haven’t found the need or desire to pop my head up and look around at the competition in the space.
Have you had a chance to get up to speed with EOS?
Having an ability to store & tranfer btc, eth, etc on Hive would be powerful.
I spent a significant amount of time since last year working on a decentralized ad protocol called Native Ads. Read more here: https://github.com/imwatsi/hivemind/blob/master/docs/native_ads/native_ads.md
It uses time and space as metrics to monetize. Supports burn payments as well as send to account payments.
Originally, I had tied it to Hivemind and implemented it in my fork of Hivemind called Hivemind X.
Now I am currently in the process of separating its logic and implementing it as a separate protocol, that stands on its own.
I'm glad you brought this up because I strongly believe in the potential to monetize attention in a decentralized, transparent way that's predicated on free market principles.
A protocol like this will open up so many ways to monetize and many different types of tokens will be born to cater for various use-cases and economic models.
I've got my plate full with Hive related projects at the moment and I'll post updates on my progress :)
Let’s talk. DM me on twitter or discord dhenz
What about enabling instant powerdown has the precondition of configuring a whitelisted address(es)? A whitelisted address could have a mandatory waiting period to change(30 days maybe?) in order to take effect. One could keep their tokens liquid on an exchange while waiting for their whitelisted address to solidify, and once that address or addresses are solid, they could move their funds off the exchange to their account and power up their funds. I think this would solve the security issues surrounding your idea. Unsophisticated users get to keep their training wheels, sophisticated ones have an easy method of exit. I think it would be a good idea for this users to have multiple addresses in their whitelist in case of an exchange hack. Also don't forget, a whitelisted exchange address doesn't mean squat w/o a memo tied to it, so that would have to be part of the system too.
Ya, this would be a great idea. I believe we can find a solution that let's new users keep their training wheels and lets end users swim around during market changes. I slept on the idea of the 5% burn, half going to users powered up and I really like it. Pitched it to a few investor friends and they thought it was a really good idea. It incentives hodling during strong price action because that is when most people will instant powerdown, which can become juicy quickly with a few whales swimming in and out of the market.
Like this idea
I am definitely one. I started on the blockchain when I was still just a student, with a part time job that would never allow me the flexibility to invest in cryptocurrencies. What I earned here helped me own a few other assets and the knowledge that exists on this blockchain, wikipedia will not replace this.
In my medical school, I had friends who were quite skeptical about my fiddling with cryptocurrencies, and 3 years later, yesterday, I paid for an online study resource using HIVE, the same resource they are paying for using payments from their jobs :)
@theycallmedan, Free Choice opens the doors of so many dimensions, so many means both Negative and Positive, let's choose one path.
Positive path can open the doors of Decentralised Markets and Decentralised Ecosystems which we are already Experiencing and hopefully we will going to continue this Journey more strongly.
Now Reality is reshaping and turning back towards the Old Ways. And in real sense Old Ways means Communities and Community Development World.
In Ancient Times, one Community means One Village + One Family = One Tribe. World is looking for this Chain Of Connection once again but now it's happening Virtually, and we belongs to Virtual Villages.
I am not an expert when it comes to the Business Point Of View so i will not going to talk about it but in my opinion when we see this space through the Life's point of view then this space is ready to offer Communities which is no less than any valuable treasure, treasure will not going to long last, but in these hard times Togetherness Hands can do magical things and can manifest better virtual world inturn which will going to boost our hope and possibilities in this Physical World.
We all have differences and point of view changes because we are Emotional Beings but in my opinion we are facing biggest crisis, crisis which is changing everything and it's closing many doors but at the same time opening endless opportunities.
LIFE IS A STORY. Every individual is a story because they are travelling a journey and experiencing life which consists of different tastes.
In this World so many Product, Financial and Job Markets got closed down but this space still telling one thing and that is Decentralised Ideas, Markets, Applications, Technologies and most importantly Decentralised Communities are future.
Visiting after some time hope that you are doing good.
Have a abundant time ahead and stay blessed always.
Hive gives users a lot of options from what I can see. The most I can vouch for is hive being the ideal blockchain for content. However,hive still has a lot to do when it comes to content discovery.
I see hive most especially 3speaks beating YouTube in the long run. It just requires a lot of strategy in making users believe in what you and many other hivers believe.
There are a lot of things I dont understand in this post But I will definitely do my research.
For now, hive as a content platform is what stays winning and what attracted me to the chain in the first place. Zero knowledge of crypto when I came in, the platform changed all that and gave me value for my time. Big props to the future...I'm liking all the possibilities
I am in the same boat as you. Everything I've learned about crypto and blockchain is because of Hive.
Having half the 5% penalty for powering down going to those who are still powered up is exactly what HEX does.
When you look at HEX charts that track everything, you can see occasional spikes in unstaking both when the price was in overbought territory and also during periods of lots of FUD.
I only mention this because what you have suggested has proven to work.
Ya, it really is a great idea. I haven't dove deep into Hex but the idea of hodlers rewards is quite nice. Gamifies it a bit, which is cool.
Ideally, we need to adjust the game theory of Hive, HEX is designed to go up,
Now Hive, there are those who get paid by the blockchain for services, and we have all the author and curator rewards. Many consider these rewards income, the sell pressure is real when the blockchain is income for many people.
So, we need to find a way to drive buying pressure, and also who gets the newly minted Hive.
If you look at your hive power in your wallet for a second, then click refresh, you’ll see the amount goes up.
This amount should only go to those who power up for 13 weeks.
Those who choose to power up with the option to instantly power down shouldn’t get any APR because they can bail anytime. This should increase relative to how long people choose to power up. (Those who power up for 6.5 weeks get half the “interest” vs those who power up for the full 13 weeks)
This is just one little example. But in the end, the game theory needs to reward those who power up the longest, and we need to find buying demand for hive. Bidbots actually created massive demand believe it or not, if there was way to use these bots “ethically” then we can really get the price of hive moving up quick
Trending comments sounds very interesting. Anything to make it worthwhile to engage with the content and people rather than just engage with the distribution of the reward pool (i.e. voting). I've been doing lots of comment curation lately. I don't understand, though, how does the reward curve penalize comments?
An intriguing idea, and the main thing seems to be how to assess what is considered good vs bad curation.
comments can trend now if they are voted high enough, we should encourage more of that! The curve hurts comments the most, simply because those are known for getting smaller votes. Engagement is fun and micro votes should be a cool feature we can advertise. I've become very anti curve the more I have thought about it, I was never really a fan, it sorta made sense on paper to stop spam farming, but in practice is just hurt small engagement.
Why don't we take 15% from the curator's 50% and give it to folks that don't curate but want rewards any way?
If we wanted to really get wild, we could take 50% of what is going to the dao, and give that to investors, too?
Just so we are clear where I stand, a hive earned without working comes from the rewards of all who did work, but didn't get their pay.
Either play the game, or wtf do you want?
If we were really concerned with getting small amounts into more hands, the top 70 accounts could idle their stake and let the rest of us give to others that don't have any hive, either.
Instead we are talking about giving those that have the most more?
Smdh.
This is why folks don't buy in, who does that?
Mark me down as thinking that we should set a max influence (currently 500mv, imo) that benefits growth, and anybody with stake in excess of that max can sell or hold, as they see fit.
Locking capital away is doing something. People get paid to lock up capital or they won't lock it up. The "game" can still be played, more profitably then simply locking your funds up for passive interest.
The idea here is, large investors may not want to be forced to play the game. However, they maybe willing to lock up funds to passive income, which helps the Hive ecosystem and price by reducing circulating supply. The goal here is to give those that play the game well an opp to gain more vs those that sit back passively. However, curation is always a risk and you may earn LESS than the ones earning passive.
But I am in agreement with those anti universal reward pool in that we shouldn't force investors to play the game or get diluted. I simply want to find a way to appease both sides, which I believe there is a middle ground we can use here.
The reason dilution in a governance token is so important as you not only lose out via inflation, but that also means you get diluted of your influence on the platform. This is key, gov tokens are no joke, that is the backbone security of our system. Someone like myself takes governance very seriously and is the reason I purchased and powered up as much as I have, is so I can help protect the network. Dilution is a real issue and investors should not be put in weird spots where they may get diluted.
Hive = DWeb
I found myself wanting to stop and comment so many times on this post but I decided to instead read the entire thing first :)
To your point: We have to make a plug-n-play solution for those members with established communities. We dont need them to understand everything, we just have to make it easy. I am working on putting some things but I did want to add that I think having some people acting as liaison to community members could prove invaluable, especially at first. What they can do with a community token is awesome but if we leave it up to them they are going to get confused.
Having an advertising component would be awesome for this - again, a plug-n-play option for community leaders to further monetize their community and content.
I fully support discussions of reducing powerdown time and/or discussing the options you presenting, interesting topics that HAVE to be figured out!
I found having an idea and just putting it out there helps. If anyone can help they usually will. From now on I'm going to be looking to do more public bounties for features I'd like to see added to Hive. At the end of the day, we have a ton of buidlers and endless ideas, time to get them from paper to reality.
I agree with almost all of this but not the bidbots part. I cannot see any way that they can be used without abuse and subsequent degradation of the community we have here.
If the idea were remodeled perhaps with posts being able to be promoted and marked as such and somehow selected in the trending algo so as not to take up the entirety of it but be interspersed with non promoted posts then that would work. Perhaps :0)
And I almost forgot, a burning of the rewards to prevent profit from it!
Yeah agree with the OP and with the feedback of your comment too 👍
But what do I know, I'm just a very handsome lad who makes drum and bass music 😏
Hahaha, nice one!!! :0D
I'm glad bidbots don't exist on hive for the most part. I would not want this to change.
Absolutely agree
All bid bots had to do was decline rewards, then vote selling impacts nobody but the buyer and seller.
I told them, and got shouted down.
Something about greedy f**ks gotta greed.
What if bibots use an opensource code that sends all the rewards received to @null, effectively burning them?
It's exactly the same as a native burn to promote in the blockchain. Except it relies on the opensource code being used.
If the bidbot owner stops using the code, we all downvote the bidbot, and voila.
It's not solely about the rewards, that's just a part of it. No one wants a trending page full of paid for posts. That's what happened last time and it was a clusterf*ck.
I can't see any positives in bidbots. Even if the rewards were entirely burned you would still get noobs piling on and upvoting simply because they thought it was popular. It distorts the organic view of what is popular and what is not.
Right, I had not thought about this.
So, what if, to use the bidbot, you must either decline payout or set rewards to @null. This could also be in the open-source code. People who send bids to the bidbots without declining payout/setting @null as beneficiary simply get refunded.
Edit - This way, delegators to the bidbot can even keep their reward! Good for investors (ROI and burn), good for visibility for people who want to rank high.
I think declined payouts still trend - If they ever returned there would have to be some major work to get around the issues it would cause.
Personally, I don't think it would be worth it. The community at large, hate the things :O)
I think you missed something this time. When bidbots were popular, people used them and the trending page was a mess because it was free to get on there.
If they have to decline payout, yes they still trend - which is the point, it's advertisement - but they have to pay to do so. No one would pay hundreds of dollars just to get a shitpost trending.
And if someone does, well, at least we all got paid for it.
Yeah but no one really wants to see the assorted stuff that gets promoted.
Why would you look at trending, if it was a big bunch of adverts? Especially an outsider.
I am open to promotion in some way but not back to that. I would be fine if different front ends sold advertising. That would be fine. It any other innovative, non platform destructive solution but not a tweak to the old way which trashed the platform's standing.
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STOPTo support your work, I also upvoted your post!
Do not miss the last post from @hivebuzz:
A lot of fine ideas here that benefit ALL of the community members. THANK YOU.
I loved the idea of bridging the HIVE and ETH and I think this should be taken up as priority 1 because we need more liquidity and especially from outsiders.
IMO, 2nd layer blockchain network is truly going to change the whole ecosystem but we need a better onboarding and sign in flow.
Being a part of the Dapplr team, we are currently working on a prototype HiveSSO to perform blockchain operations seamlessly.
Posted using Dapplr
The way I see it. You're on ETH, you mint an NFT. You have the choice to transfer it via Hive or ETH. People will always use Hive for the feeless fast xfers. I really like the idea behind what wanchain is doing, briding out. I'm not an investor in WAN, I have zero, however when researching cross chain communication they came up so I went dow the rabbit hole. That is where it is at, going to the liquidity and bringing a straw. Having something of value that can extract liquidity from eth/btc. Adding value where the eyes are looking.
Nice. I agree. Looks like WAN is doing it right. I will also study more about the project and maybe we can utilize some of their methodologies.
all these proposals are positive you can see that hive will be great in the near future
@theycallmedan! Love Hive! I love decentralization! I love blockchain! Bro, great post! Thank!
trending comments😎😎😎😎😎amazing!
Yes maybe that is all goo,, agreee
Fact remains, bidbots create buying pressure.
Great
Extremely important post. I am still 100% onboard with the optional 5% burn to powerdown instantly. It's optional! Whales don't mind dealing with advanced features when they are important, so it won't add to the complexity of Hive as a platform, for the average user.
I think curation should be reworked. 5% to 20% apr is ridiculous, it should be the same for everyone. 1$ upvote 50 cents back, simple as that. Why complicate it with random rules that are supposed to make content discovery better, they only make it worse. People should be able to upvote what they want to upvote, no matter the author, the amount of previous votes, or the expected amount of future votes.
Right now we see people front running each other to vote the same authors before 5 minutes, it's really stupid.
HIVE.D!
Hive is my family's bread an butter too. We do see great potential in the Hive-osphere, although it's already awesome. I like these ideas and think it could bring more value to the chain.
Sidenote, thanks @theycallmedan for the delegation by way of @jeanlucsr. We do our best to bring more value to the blockchain. JUst the other day Suriname National Television came to film our daughter Srey-Yuu (***@KidSisters) and learn more about her Hive blog.
This program aired last night at 7pm, a Friday in Paramaribo with the whole country on lockdown. It's got me wondering if this is the most mainstream exposure have has gotten yet, albeit in a tiny country.
👩💻 Srey-Yuu & The Hive Blockchain's 📺 Suriname Television Debut 🎬 More To Come Soon...
Hey what's up theycallmedan.
I'm an old Steemit poster. I also followed your YouTube channel for a long time. I joined ONG Social, I played fantasy sports with nolimitcoin. I really enjoyed your YouTube videos and miss not having them to watch. I even think I was semi responsible for helping get you to post on Steemit. I used to always talk to you about it and post comments about It on your YouTube channel, but you seemed loyal to Ong social at the time. Then I stopped posting on Steemit a few months after you were on here regularly.
Now I'm back and I'm trying to familiarize myself with this new landscape and decide where I should be posting.
Could you link me to a good article or summary of the steem hive softfork. I've only read one news article that described the Justin Sun take over and the rallying of the community against it, which according to the article.. you were instrumental in. I appreciate you fighting for decentralization and what's right.
Sorry for the long comment. I just don't know where to start. I made a post but I lost track of all my friends and followers who I interacted with often. I was offline for too long :(
Anyways. You are appreciated Dan. Any thoughts about posting some YouTube videos again in the future like you used to? Or are you hyper focused on helping Hive succeed now?
Long time @theycallmedan it been a while I saw you on my post just checking on you stay safe stay Alive
I like your approach Dan, I think Hive has great potential.
Thanks Dan. Not sure what everything exactly means but I like what I can understand ;)
Goodnight. Certainly Hive is an excellent alternative, not only to earn some extra money, but also a way to delve into different topics of work, routines, creativity, physical and mental health, economy, art, culture, sports, gastronomy among much knowledge that we obtain and publish every day, to please and grant knowledge. With my 68 years I feel enthusiastic and entrepreneurial thanks to Hive. Successes dear friend. Hugs. Receive my sincere greetings @omarrojas from Cumaná Sucre state Venezuela.