Where is the ball going?

in #hive16 days ago (edited)

If you listen to my videos you would have heard me say things like, "Go to where the ball is going." A reference to buidling the products you think will be in demand in the future.

I've always seen Hive as being where the ball is heading. WE've been here for a while, even without all the fancy things like SMTs. You can build an immutable site/community here, which in itself is priceless in an age of censorship. I know Hive can and will be used for much more than just social sites. however, I believe social will be at the top in network effects for dapps built on Hive.

I often hear the question, "how do we get creators to bring their audience to hive?

Well, you know 3speaks moto: "Tokenized Communities" That has been the goal from the start, and the vision has not wavered, only gotten clearer. You give creators the tools to make more money then they can on Youtube. That's it, that's the magic sauce. There is not a single thing aside from straight-up permabans that will motivate content creators to create on Hive, but most importantly to bring their audience with them.

The first step in this vision has and always will be "SMTs" or a form of them. Whether it be layer 1 or 2, I am controlling what I can work on and that is layer 2. I believe SMTs are the silver bullet for Hive. That is why my focus is shifting to decentralizing Hive Engine. The potential in a decentralized sidechain with IBC to eth and other chains is so massive I can't begin to tell you how many doors this will unlock for Hive.

Tokens + Ads, that's the formula. You give a content creator the ability to create their own token. Give them tools to easily spin up a front end (like tribes) with plug & play ads on their front end. To display an ad on the creator's community front page you need to buy x amount of the creator's tokens, shout out to @imwatsi for buidling this.

This is a value cycle that can spin to ridiculous success. Not only do creators keep 100% of their ad rev, but they also tokenize it creating a secondary marketplace that trades 24/7 adding instant liquidity to the creator's networks. This is where we see YouTubers becoming billionaires, there is so much money in advertising (the biggest business in the world use ad rev as a business model) and simply giving creators more tools with all of the earnings is something no one can compete with.

The value is brought back to hive via network effect. If bitcoin had 100 hodlers it would not be valued, no matter the underlining code and how badass the tech is. Bitcoin in millions of hands is what gives bitcoin is strength.

Imagine Hive in 10 million hodlers hands. all contributing via word of mouth.

This is why I never trust the masses, they just don't understand, which has become a meme, but it's very true, few understand...

Investing is mostly a confidence game. The richest people in the world are not smarter than you or me, they just had the balls and conviction to see what others couldn't, and never strayed the course when called crazy.

Decentralized second layer Hive with IBC, that's the next big milestone. And lots of Hivers, including me, are working to get it done.

Now you tell me any other project out there that can do what Hive does, we are so close to having a complete product with built-in bullish use cases. Time to sprint to the finish line and get it done!

3speak will be hosting a hackathon coming soon when it open sources, this will include building on top of the decentralized sidechain. Once finished 3speak will have the world's most advanced decentralized storage network for video communities. Exciting things on the horizon! #BUIDL!

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A lot going on. Leo is also making great strides to provide what is needed to the finance community. They are rapidly working towards decentralizing finance in ways we have not seen yet.

All will benefit Hive in the long run.

Leo is the bar I use to show people what can be done with Hive. They are crushing it and its such a joy to witness.

There new Linear Curve reward system for LEO is something I believe Hive needs to look at.

We had linear rewards 2 years ago and we forked them out.

For the wrong reasons. We're still paying the price for it today after hemorrhaging users for two years.

We lost users because that was ned's plan.
He intentionally kneecapped us with linear rewards, bidbots, and not flagging abuse then went on a two year walkabout that we are just now overcoming.

Ned harmed the platform intentionally.
Likely because we had our own ideas on how things should go and failed to worship him as a god.

Good too ser you once again at the rodeo champ. I pretty much agree with what you say. Let's say hive is the cake and dapps and emerging projects may be the condiments! Regards champ!

We are agree and have been working on a decentralized version of a system with the capabilities of Hive Engine for a few months now.

This stemmed from our new code base for Holybread that needs fully decentralized NFT's that settle at L1 on Hive.

Our target date of announcing things about it is 10/31/2020

Glad to see other people feel the same way we do.

how can I reach you to talk?

You can DM in discord.

You can find me in the following discords Holybread, Mancave, Hive Developers, Hive, Leofinance, Beem, battlegames

You can DM in discord.

You can find me in the following discords Holybread, Mancave, Hive Developers, Hive, Leofinance, Beem, battlegames

Read and re-read this a few times to understand your vision. Love it. Can't wait to see it unfold 😎

Yeah, I agree.

And ads on Hive will not be the same experience as ads elsewhere. There's transparency and accountability because it's on the blockchain, so reputation will play a major role in determining the quality of marketing approaches people take.

And direct monetization will mean a market unburdened by middlemen.

I'm also planning other creative monetization options like paid AMAs, paid polls and variants of subscription based attention offerings. I'll share more when the ideas are fully developed, but I'm aiming to have Native Ads bring content creators and thought leaders multiple ways to tap into the attention economies that their following creates.

I'm really excited about what's next!

advanced decentralized storage network for video communities

I think that would bring in more video producers. Right now there are not a lot of storage options that are cost effective for small productions.

This can be very costly for the provider.
that is what is holding it back.

gotta have seeding attached to token inflation.

The potential in a decentralized sidechain with IBC to eth

What's IBC?

Don't quote me...

Enter Inter-Blockchain Communication (IBC): This is a protocol designed to enable an open, sovereign, secure network of interconnected blockchains or 'Internet of Blockchains' if you will. IBC is the connective substrate of the distributed interchain future — the cornerstone upon which the entire structure rests.Aug 12, 2020

Source


Tech guy I'm not... helping others I am. Please someone... if I am not correct, do say so

Probably, but Identity-Based Cryptography is another possibility in this context.

the biggest business in the world use ad rev as a business model

Some of the biggest businesses in the world are ads platforms. FB only struck gold the day they decided to apply eBay’s model (pay for clicks without the users leaving the platform). That day FB became valuable in a way it could actually be measured and calculated.

Investing is mostly a confidence game. The richest people in the world are not smarter than you or me, they just had the balls and conviction to see what others couldn't...

The best investors have ideas about where the balls will be. Their teams are usually multiple years ahead of the masses (and quite often even of founders and C-level).

A lot of folks miss that Fakebook, Google, and etc. were CIA startups. Ads are easy ways to launder money, sink black money, and other things than mere profit motive business, just like art.

I'm not saying there's not money in ads. Just saying it's not just investments for a financial return that put that money there. Surveillance capitalism is far more complex than just selling ads.

A lot of people are full of BS. That is all, Sir.

There is no all.

I love creating all sorts of features and following up on ideas however i keep coming back to recognizing that the benefit is really in communities... and tokens for a community will make SOME communities excited i can see that.

Ads (aka promotions) on communities has been an option on PeakD.com for a while now and the system we use can be easily integrated into any other site and have easy interaction with our UI and others, we can even facilitate sending the tokens to those other UIs if the user wants to extend their promotion they're doing on PeakD over to other UIs.

And allowing other tokens besides Hive is an option for those promotions.

I'm not actually fully up to date with what @iamwatsi created but would love to see more collaboration with features and apps.

Decentralized Hive Engine is indeed killer feature, perhaps we can focus and improve SMT in next hardfork

You might find this book useful, if you haven't read it already.
I know I need to reread it.
It is one of the earliest in the field.

You've yet to suggest a book to me that I don't want to read at least some of.

Thanks!

I've been lucky to have the time I have had to read.
Reading is our only escape from the mind control put on us by those that control the information we have been allowed to access, imo.

They don't teach these things in skool for a reason.
The things they do teach serve their purposes, or are eliminated.

The only way to escape that is to access what they ban, while we still can.
Download the pdf's while they are still available, eh?

Bitcoin in millions of hands is what gives bitcoin is strength.

Our community is our strength. We need to make our HIVE community cultivate long term mindset while remembering that everyone is a early investor/owner of HIVE network.

The richest people in the world are not smarter than you or me, they just had the balls and conviction to see what others couldn't, and never strayed the course when called crazy.

They had the balls and knew where those balls were going ;<)

It took me over three years, but I finally reached the point where I see more value in and the logic behind ( second layer ) tokens than in hive as a merely blogging for crypto platform. In fact, I wrote about this today.

The Leofinance community is a fine example of the aforementioned. But, with a background in filmmaking ( and a possible future in it. I still aim to get a feature finished one day, tried thrice in the past ), I will definitely keep a close eye on 3speak too.

I'm sharing this excitement about the future of the platform with you.

A hug from Portugal,

Vincent


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Wow..... Woaw........
I'm really excited..!!
Im more of a content creator than developer (by that I mean, I'm not a developer in any way shape or form..).
So I can't say I understood 100%of the terminology... Still trying to wrap my head around it all.... But from what I gather, I'm pretty excited..
Unfortunately I don't have a real audience I can bring, I was hoping of building one here... But I believe this amazing creation will become more prevalent among people, I am trying to get all my friends into it...
It's so inspiring to see you and all the other creating this amazing free, uncensored, Decentralised "space"...
Looking forward to seeing (and understanding more of) what's in store..
Thank you so much for all your hard work!!

this sounds interesting. a lot is happening on hive right now.

i find mind-boggling the lack of interest in something that was made possible yesterday. Is Patron type option that is free, decentralized, instant and with a possibility to do micro transactions so uninteresting? am i missing something? i have nothing to do with the project, i don't even know people that did it, but i really thought there will be more interest on hive. maybe i am missing something. i probably am.

Your always a massive motivation Dan!

I have been in talks with my university coordinator, I am trying to get approved a hive project as my final year Master's project. If I succeed, I will finally start contributing to this ecosystem.

More news to follow in the next days, will keep you up to date if anything becomes concrete.

I think Hive needs to be a diverse platform so there is something for everyone and it is on the right path with blogging, video, games and tokens to trade. We have something that is working right now with an active community. Next step is to tell the world. It has to be bigger than just those who get deplatformed elsewhere as they are a tiny minority who may actually put some off joining.

hello dear @theycallmedan can you please shed some light on the 3Speak tokens that we have bought. What is going to happen to them? Best Regards

Hi, what token did you buy?

I am talking about 3Speak tokens a long time back. It's not being traded or sold anymore now. cheers

Imagine Hive in 10 million hodlers hands. all contributing via word of mouth.

I love the mindset, soon we will see the snowball effect of what we are buidling together. The community is our marketing team that only grows day by day, very excited to see what the future can bring to every Hivers.

"... 3speak will have the world's most advanced decentralized storage network for video communities."

Excelsior Supreme!