"Thanks to ola..."
What is ola?
The phat Hive wallets didn't come from creating content, but mostly from mining Steem early on, or from milking creators some other way, just like the real wealth from gold rushes didn't come from busting rocks but from selling shovels to miners, running brothels, or towns miners came into out of the cold when their sacks were phat.
Even so, without the mining, no one would have made anything. Social media is today the largest financial sector in global markets, exceeding manufacturing, mining (including petroleum), and defense. It is THE market to be in, and the FAGMANs (Fakebook, Apphell, Goolag, Microshaft, scAmazon, and Netfux) well prove that. However, all the FAGMANs are widely detested for their censorship and egregious data mining, both problems Hive can eliminate for it's users - as could have Steem. The avarice of the whales keeps them sucking ROI via extractive profiteering (none of them have blogs that meaningfully contribute to their stacks, and they are 99% of the downwards price pressure. They only profit when they sell) off the rewards pool, and because they maintain control of Hive governance by maintaining a bare majority of stake they will not risk that ROI for far greater capital gains they might attain by allowing Hive to grow, because that would risk their control of governance.
However, the lure of the $M's in the DHF has proved too strong for them to resist, and sucking it dry without getting caught committing fraud is more difficult if GAAP are implemented for all DHF expenditures - and that is why not one mention of standard double entry bookkeeping was even made at their round table.
They keep this shit up they're going to get caught, and that could well end Hive and the potential for it to implement the initial vision and potential for censorship resistance and a media platform owned by the creators that is not vulnerable to the corrupt influence of advertisers. All we'd have left then is Blurt!, and that has it's own whales and governance issues.
Proper search could greatly improve the utility of evergreen content in our back catalogs, and, as I pointed out, monetizing that content on a second layer is entirely doable, which would incentivize it's creators to promote it across the global market, and assist Hive in recapturing it's market position and outcompete lame FAGMAN platforms. The censorship has to end though.
@thebeedevs aka ola aka itsola. She was the first presenter in hivefest day 1.
Thanks!
That's exactly what's up.
I disagree with your stance on downvotes, and last time I checked Netflix wasn't social media, but... hey...
Our whales are too busy protecting their source of income; stepping over dollars to pick up pennies.
And oh how much I hate all the marketing people and how anyone could fall for their fluff talk.
Meanwhile, they now demand bills and checks and accounting from whom?
Developing software just takes time and work.
Every one of their friends (including their friends’ moms) had a go at it and now that it all is running dry, we get a round table.
Felixxx I must be honest, I get your frustration. But frustration won't get us further. Ofcourse you are free to vent this, right. Beyond this frustration (how i see it) would you have any constructive feedback or ways how you would see this improved or fixed?
Yes, I do and I very clearly articulate that in my blog posts. - have been for years.
What you could do, personally:
Start voting, bro! (for content)
I DMed you about this many years ago and you just ignored me.
I want to make this very clear:
Love what you are doing with Hivefest. If we spent 1mio HBD on the event itself, I wouldn't mind.
Also: You are no whale.
btw: Did you take part in the decision to name this thing Hive?
Why (out of all people) did you have to stick your head out for this? 😔
I can't be mad at you.
thanks for your comments. I have not been very active on Hive for a few years beyond maintenance of my servers, as I was fulltime overtime building a house. As I am slowly done with that I dabble with what is next in my life. Hive has given me much and I love to give back to hive.
I would not want to go to much into my personal behaviour or response of why I do or not do certain things. As it would take away too much about the core discussion at hand:
Where:
-- "we" is random Hive-people attending these events
-- "this stuff" is DHF spending, valueplan spending, attracting businesses, being more structured in a still decentralised way, accountability, criteria.
omg please don't!
I strongly recommend you read about the Stewards of Gondor. That program required no disbursement of funding at all. It was entirely done through modest delegations of ~5k. The Stewards were charged simply with upvoting content they liked, and cheaters that circlejerked or voted their own content (or their bots) were easily and quickly undelegated without substantial financial loss - because they were not given a plug nickel to steal.
It worked great and that is why it was never actually enacted, because it encouraged creators and made them more difficult to flag off the platform. That is exactly what we need to do to improve user retention and grow Hive.
Are you suggesting we should go back to draw funds from the posting rewards pool?
What a terrible idea...
I do not like delegations of that kind; It's why the content is so bad.
It is a common danger to be a victim of groupthink in institutional settings. In order to prevent that it is necessary to include people you don't generally converse with, to seek out and specifically include dissidents, those you disagree with, and particularly those that do not share the viewpoint common to your bubble.
It is notable that in science, every major change has come from outsiders, dissidents, and those that gatekeepers sought to silence. A patent clerk from Germany that barely passed university maths disproved Newton's physics, that had stood for centuries. Perhaps if physicists had courted more dissidents cosmology would have improved centuries prior.
Hive isn't as fundamental as physics. Hive can't last for centuries with the execrable user retention it has now. It should be very obvious that whales do not have the same interests as new users, so the mechanisms and principles they will propose and support won't reflect onboards and their needs. If you want Hive to grow - and unless it grows it will die - I strongly recommend asking users that fled the platform what it would take to get them back. I think I know what you'd learn from asking them, but I'd prefer if ya'll asked 1000 of them and learned it from them.
Someone should have a account wrangle all the small and non whale accounts to just vote as one large whale not sure how much HP that would get to but maybe it could take some control if you had one person voting it based on a few ideas that would make things better for the majority of ppl. Plus it could run a witness and make the money off that to keep growing its influence. We really would just need someone with access to investors with deep pockets to slowly buy up enough hive with many accounts then when they have enough put it together and start doing things a bit differently and holding ppl accountable. Could be done with millions and if there were a bunch of investors that wanted to profit by changing the issues with HIVE and taking the handcuffs off everyone. I mean the HIVE care is a pretty big waste of DHF funds and I bet there are ppl living pretty large off the DHF funds with the majority stakes then they dv anyone and nuke there accounts when they get to much momentum or lower there rewards if they get to many lol. No wonder we do not have many new users who would want to work hard on a post get say 100 hive have it lowered to 10 hive bc a larger stakeholder wants to keep more money lol.
We should get rid of downvoting all together it would stop the down vote cartels here which are a negative experience for 99% of ppl I would think and I bet many really could care less if they are there or not most ppl just want to monetize there account and grow there stake as well while selling some so they can profit. Money is probably the primary reason most come here at all and to game which is about money to. If the popular games were not here there would be a lot less active users as well.
Ssshhh! I was totally getting away with it until you outed me! /s
Sure. That's a very viable way to pile up stake without revealing it as a single pile. Some of the whales have >10k accounts, or so one of them told me a few years back, and I have no doubt it's true, since they get free account tokens as a result of their stake. All they have to do is claim them as they accrue. So, they carefully manage their majority of stake to prevent such a plan from succeeding - but any one of them could have a stroke or decide they have had enough and suddenly part with their stake.
The whales have to sell, and generally do so programmatically, or at least that's how they can pull down a steady income from their >90% of the inflation produced by the rewards pool. By flagging off accounts that threaten to keep increasing stake, they prevent their stake weignt from being diluted. By these means they have continually maintained >50% of stake on the platform since it was created, and still manage to sell enough Hive regularly to enjoy comfortable incomes they can spend in fiat.
I agree. I've spoken extensively on the matter since before Hive existed - but I don't have 50.01% of the stake on the platform, and I can't unilaterally elect witnesses that will run that code. The current ~36 whales (it's usually around that number) that do maintain >50% of the stake on the platform make sure DV's are available to them as a tool to maintain that bare majority of stake, and therefore governance of this pure plutocracy. The Golden Rule on Hive is they that have the gold rule.
The neat thing is that most of the whales mined Steem to get their stakes, ran bidbots during that fiasco, write the code, or scratch each other's backs as consensus witnesses and have since Steem was mined. Only one I know of purchased their stake with fiat (although on Steem the only whale that matters did), and none of them blogged their way to riches.
There have been several forks of Steem, before and after Hive, such as Golos, Whaleshares, and the latest is Blurt!, which has no downvotes. It has other mechanics and no DHF. It's a different platform culturally, and a sizable number there are disgruntled Hive users that came to realize one way or another that DV's are taxes and taxes are theft, usually as a result of being taxed 100% of their earnings on Hive, as I mentioned is an essential strategy of the governing oligarchy above.
I haven't found a perfect fork, and enjoy many of the community on Hive. I'm not here to make money, but for the free speech, so I'm no threat to the whales, and perhaps they are enamored of my charm and good looks, so I have been tolerated for the most part. There's a lot of good people on Blurt! also, but I have been on Hive from the beginning and look forward to being here at the end too.
If you put your devious scheme into practice, you might keep those factors in mind, because with some luck, diligence, and hard work you could succeed. I hope you do. I would love to see Hive freed from the straitjacket of avarice that perennially prevents it's growth and rise to dominate the social media market it has potential to do.
Yes they are what if no one bought hive i mean there is no point if your not a whale just let the market dry up and the token is illiguid until something changes but need massive coordination