Been a while since I've had the time to write so figured I'd write on what I've been busy with lately. Aside from the usual voting on posts in niche communities and the odd ones here and there, which takes quite a bit of my daily time and surprisingly was something many seemed to not believe that I do myself, a lot of the plans have been going towards growing the usage of poshtoken, the way it works, getting it into a real token and also more plans for OCD.
Let's begin with POSH.
Proof of sharing was initially started to help the suffering Steemit platform get adrevenue so they'd be back on their feet, as we all know how things went down there, I'm glad POSH turned into something even more valuable and useful for our new home. We've seen the activity of sharing your posts grow over time quite a lot, they can easily be tracked on @themarkymark's @poshbot and with some restrictions also on @poshtoken. Now before you get all in arms about the rewards @poshtoken is earning, as someone dropped me a link to a recent Anonramblings about me upvoting those posts, tl;dr is, it's being rewarded for the development work. It seemed fair since the amount asked was not a lot and the way poshtokens are mined started from scratch, meaning there was no early ninjamine or unfair advantage to anyone. Next developments on it I believe will require more work thus we'll be considering a proposal for it, which gets me to my next part.
I wanted to talk about some ideas on things we could add to it more and to finetune it more, as of right now I'll be listing how it works and what the idea behind it is and after that I'll add some future ideas I've had for it but I'd be more than happy to hear your thoughts about them and if you have any more additions you think would improve it.
Right now, you copy a link of one of the most popular front-ends on Hive, add it to a tweet, add the $/#hive tag to it and some other relevant ones and tweet. Based on it's performance after 24h @poshtoken will pick it up and give it some tokens based on the daily amount that gets printed and how well everyone else did that followed the same rules and requirements. As you can see on our website created by @fbslo, the majority of them have gone to @null, this is because people who've been sharing hive links and using the tags would've been getting tokens if they had been registered to it (registration exists on the website too and I had a post about it recently that shows how).
So what's the idea behind it? The idea is mainly to get new users on Twitter to find out about your content, like them and consider creating a Hive account. On websites like @leofinance for instance they'll also get some adrevenue this way which helps their token, hopefully we will see something similar with @peakd at some point. Talking about @peakd, when sharing links you cna now also share your referral links from peakd meaning that newcomers will get you a memo that they signed up through your link and on their first posts they'll also share some beneficiary rewards with you which I think is pretty cool and more about that in our onboarding intiative later in this post.
The other idea, which one doesn't really think about at first glance, is that once poshtoken has some utility and exists as a real token on one of our 2nd layer sidechains, is that it will gain some value in one way or another and demand. Once that happens it means that anyone receiving newly printed poshtokens can exchange them for Hive, but what it also means is that anyone, whether or not their an author or just curator or just have an inactive Hive account, can earn poshtokens just by sharing other people's content and based on how well they do on their twitter they'll earn rewards. Yes, this also means that you can share older posts, remember @dan's post on Hive's* evil plan for world dominance, I could share this one now, get some likes and retweets and turn those poshtokens into Hive. I think this is going to be something that influencers are going to like down the line, but we're still very early on in the process and the token not existing and having any value yet is better for distribution until we finetune and add everything we want to it to make sure it's not being earned in an abusive/hacky way.
Utility, for utility, this could be a token that people could use to advertise their posts, maybe together with burning Hive, it will depend on which front-ends would want to use it but having a token you've earned to advertise your posts and Hive to also be used to further advertise your content within Hive would make sense and there's already some front-ends interested in using it for that.
Alright, now we're getting to the more plans for POSH part, here's some ideas, let me know what you think.
Sending people comments based on when they earned poshtokens and links to which tweets, so they can know how much they earned exactly and for which performance to improve over time on their Twitter activity. Some people say that Hiver's just being on twitter and liketrading their own stuff has no value, but I think us just being there and having a healthy presence can do wonders when it matters. If poshtoken incentivizes people to just spam like each other's stuff then I don't see it as a big negative because at the end of the day, impressions and performance matter on that platform, as you can tell by the stats that lunarcrush.com chases.
Adding some complexity to the algorithms based on things that matter on Hive and Twitter. Do you remember busy.org's upvote system? It used to vote you up based on the stake your followers had but still on average so that they're voting power wouldn't deplete based on how many were using it on a daily basis. This is an interesting metric in my opinion, cause similar to followers, likes, retweets on twitter upvotes, followers from inactive farm/socks can easily be had here on Hive due to our feeless transactions, but having followers who not only have stake but are also active is a lot harder. Which brings me to the next addition, activity of followers, have your followers commented/reblogged in the last month and have stake? Then you could be receiving a bit more POSH for it compared to others. Before you think, what does this have with Twitter to do? Well, it would be in addition to Twitter, there one could also have an algo calculate who was liking your posts, how many followers they have, etc, but as I said that one may be a bit harder and harder to make sure it's legit cause there everything is free and spammy, no one has stake.
These are all still theoretical as I'm not even sure how feasible it is to have bots calculate all that, maybe we need to build a miner for it at the same time. I'm sure you catch my drift by now, though, ideas like that that would improve the distribution of Posh and make the tokens have more value, which in turn means it would get more people wanting to participate, more traffic onto our front-ends and ultimately more accounts.
Alright, enough Posh for today, this post is already getting pretty long so I'll try to keep it shorter with the OCD plans.
A last thing about the posh website, though, which is connected to what we want to do with our onboarding initiative is that for communities they'll be able to check there whoever has signed up with posh if they are verified with a linked Twitter account. They can easily check there what they're twitter handle is and decide upon that if they want to give the user another role in their community which will make it easier for curators and harder for sockpuppets/plagiarists to leech rewards from unsure curators or those who don't really seem to care what they vote on, cough traf cough.
As you all know our focus for the past 6 months or so has been on niche communities and giving them more power to grow. Communities are still very underrated in my opinion, something not many seem to understand is that if most of us would be posting within communities for things that fit in there, a lot of the work to find plagiarism, theft, etc, would be made a lot easier by curators and moderators of said communities because that's their interest and specialty. They will have a much easier time finding out if content is real but not only that, knowing what is of exceptional content to reward it more. Once we start seeing more users join in the quality will surely not just match the one of Reddit but even surpass it considering people are also rewarded for their effort and content on here than just karma, views and "good job" comments.
We would now like to move on to onboarding initiatives.
We have recently connected our account creation tokens to be used through hiveonboard, starting with a trial run, we will be looking for users who are interested in inviting other users and content creators big or small to Hive and we believe we have the right incentives and guidance to do so. Here also though, we would love to hear if you have more ideas on how to improve this process, so far this is what we've been planning.
Hiveonboard & peakd referral links are not going to be mandatory but people can use them, we all know that referral links can push some people away cause they're not aware how exactly they work on Hive and the internet has in general given them a bad rep. Especially bigger content creators may not want to click on a referral link so it's your own decision if you use one or not. As an onboarder, you'll be assigned a role in our discord, this role will allow you to drop links of the onboarded users posts in a channel for curation. Here reputation is important because we all know how easy it can be for people to just refer their sockpuppets and get themselves easy rewards. With reputation we of course don't mean the number next to your name but your activity and history on Hive in general, so we'll be having a screening process for applicants to make sure they aren't the ones to risk their Hive rep in order to earn an upvote on a new account they themselves created. Needless to say trust can only get you that far, so eventually if the invited content creators have settled in we're also going to ask them if they can verify their account on one of their other socials or register for poshtoken which will make it close to impossible for the new users to not be socks.
Enough about socks now, though, on our Discord we will also be providing guidance to newcomers. I was recently in talks with the owner of an esport team and he mentioned that he'd love to have each gamer have their own hive account but the learning curve is what concerned him. Here our plan would be to have dedicated onboarders + curators to be present to assist them, but as you all know it is something that takes time which brings me to my next point.
After the trial run, if this seems worthwhile and successful, we'd want to scale it up through a proposal for everyone's involvement of moving this along and bringing in more users and content creators. As for the trial run, we're thinking of doing something like writing compilation posts of the invited users and highlighting them for people to follow, while the post rewards are collected and sent out to onboarders, guidance and other workers that spent time on everything. We did have a test run of this last year but interest wasn't high. We do believe things are different this time with censorship being as high as ever and other cryptocurrencies bringing more attention to blockchain to the masses. So we're looking forward to see how this plays out.
With communities doing well now and taking care of the users posting in them, we think focusing on new users and guiding them straight into the communities of their interests and hobbies will increase retention by a lot, at the same time them being able to refer and invite others themselves and us guiding them along the way it can have a nice snowball effect.
PS! Sorry to the ones that read all of this as it was quite the wall, I'll try and dish out bigger comment votes for those who did. Thanks for your time and reading!
Feel free to comment on anything and if you have any ideas we like it would be awesome!
As I see it Twitter has become an incredible tool for crypto. Cryptotwitter twitter has become a thing thanks to Jack's btc obsession.
I believe arguing posh's position in adding value to hive should be limited to constructive criticism to take it to new heights, rather than bringing it down. Why? Well, Twitter, as mentioned in the post, is an incredibly convenient way of marketing. It kills two birds with 1 stone. Authors and curators get to show off some of the incredible work posted on hive, and it forms a portal for a normie to discover hive.
I agree influencers can make massive benefits through posh if and when on boarding and the elaborate "stats" you speak of are added. On boarding is not as big of an issue as much as retention. If posh would start highlighting authors or new accounts, it'd make them feel like part of the group and help retaining them long term. No one likes to feel ignored or alone. Every newbie would love getting a piece of the limelight cake. Having a team guiding them would be a great feature. Communities like heyhaveyamet were really good at it. Shame I couldn't be with them for longer.
Every single like and comment on a hive tweet is just as powerful as a retweet, since Twitter shows the tweets u interact with on your feed. This is the reason I believe posh should be considering rewarding engagement and impressions a hive post tweet gets. It will incentivize hivers to grab more people to their tweets, for which they wet rewarded, and it brings more traffic to hive tweets with Twitter showing the tweet on others' feeds. Look at the previous edition of posh curation, beautiful, catchy twetts with no interaction. If the same tweets were to fall on the eyes of a normie they would definitely be interested to see what's up.
Given the current events, it's an extraordinary time to use mainstream high traffic tools like Twitter. And since we are in a decentralized platform, it's fair game for anyone and everyone to market hive in anyway they like. Heck, I love the fact that I get to market hive and get something in return. Who wouldn't!?
Posh has been advertised quite heavily. And if someone doesn't register, it does no harm. Since hive is still being burnt and the tweets are still going out, it manifests a perfect balance without anyone losing anything and no one getting butthurt.
Marketing has clearly been an issue we have been struggling with. The likes of neo are getting the upperhand even if they don't a third of what hive has to offer. And I am butthurt about it. But posh solves this issue. I, too, started my Twitter journey back in steem days and has completely switched to promote hive. Hardly 600 followers now but I have kept going. How can someone like me, who has done it purely in support of my platform, be mad about getting incentivized for cheering and trying to get more people to find out about the thing I love?
Those are some great points, I think poshtoken even has an option that checks on engagement of the post on Hive and rewards out extra tokens for it, it's been a bit long ago so not 100% but I can check at some point. We wanted to do something with the !ENGAGE token so it might be there in the equation.
and yes, doing compilations for users we've onboarded and with that rewarding the onboarding efforts on top will be our main source of generating rewards for the trial run which we'd want to replace later with a proposal or at least not vote up as much since the compilation posts in themselves can get a new user more followers if the readers like something about them and what kind of content they produce.
Another thing I've been thinking is if HBD from the proposal would be used to buy up POSH tokens and burn them, meaning people would want to posh even more and more effectively given the other requirements around it and future additions which in turn means marketing, but I need to get a second opinion on this as I wouldn't want to turn Posh token into a security or some shit. :P and if not then surely there can be more ways to add value to the token, one could be to keep upvoting the @poshtoken posts once dev costs are gone and use the rewards to do the above mentioned or vote on posh posts with it if buying makes it legally complicated.
I think we have a cool opportunity here to combine a lot of tokens and activities with each other to turn it into a great marketing tool with Twitter being the first one posh actively distributes tokens to but in the future hopefully add all of them centralized platforms to it.
Thanks for the awesome comment, really excited to see what we can do with posh for our front-ends as long as they're built on hive!
ENGAGEtokens.!ENGAGE 50
Thanks for the in-depth rundown on what Posh is, the future plans of it, and how it all works. Sharing posts from Hive on Twitter is the only reason i have or use Twitter tbh. I can see a bigger picture for it after reading this post and think it will be an awesome incentive moving forward, more so than it already is.
I agree that the communities aspect of HIVE is underrated. Having a community connection is great for finding a better audience to appreciate one's own content as well as finding others' content of interest. I remember the old days of just scrolling through the feed to find a needle in a haystack. Now, folks can get in where they fit in. Finding abusers and plagiarists is much easier when a community is looking out after it's own. The curation of higher quality content when niche communities have standards is easier to discern as well.
Onboarding to the platform and funneling folks into communities will only help increase the quality of users and their retention, content, and the Hive Community overall! I look forward to seeing all the developments in the works for Hive and the layered solutions to problems most folks didn't even realize we have.
Thanks to you and everyone that has helped build, grow, and develop creative opportunities to better the experience here and enrich the ecosystem. The future is looking bright! The Hive Blockchain is our canvas....
As a artist, I am certainly interested in also promoting good artists on my Twitter accounts. Aside from my personal account, I also have one for the Visionary Art Community that I founded in 2009. Some of these artists are here on Hive/PeakD and I promote them, but also others I find interesting and fitting with the overall theme of my site. I embedded my Twitter on the website: VISIONARY ART ON TWITTER - as a minimum, I use the hashtags #hive and #peakd .
I like the plans for the posh token.
I'm quite happy with my stack, and I will keep sharing.
It sounds great to get tokens for properly sharing featured and helpful peer posts on twt, such as this one! That I will share right now. Surely this way we will reach more people, I am sure that when that happens there will be many new and not so new users doing POSH all the time to accumulate tokens and that is very good. Cheers!!
So i have registered and it seems to have worked.... Let's see how POSH I am!
Posh spice!
Pheeew. That's really a long one and I felt my processor (brain) heating up along the way. Too many information packed in a single post.
Seems you have everything well thought out and I really hope things go according to plans, or modified for better, possibly. I love the idea of being able to earn hive just by getting posh token from sharing hive links. It reminds me of my steemhunt days when I agrresively shared hunt links all over social media.
I really hope the posh thing evolve beyond just twitter to all other social media. Metrics such as clicks can be used for the distribution of the token if shared on Instagram or Facebook, for example.
In terms of mentorship, we already have a mentorship program in place in stemsocial and new authors can always pop-in to our discord to request for one on one mentorship. We go beyond navigating hive to as far as mentoring users on how to make decent stem posts.
I can't wait for all these efforts to start yielding significant results in the nearest future.
Oh boy this so good to know. I use twitter a lot as a way of promotion and this may come in very handy.
I didn't realize what a wall of text that was until I now try and type through the ghost lines of text now splattered across my retinas. Still, I vowed to read every word of your content a long while ago for the insight I get into the working you are doing behind the scenes.
I am all for ramping up now that the tests have been positive and love the fact that you are focusing upon newcomers. To have someone arrive here and put in the time it takes do develop their game and following, $0.00 rewards would only take so long to discourage them and hang it up. Empowering and rewarding the next generation of content providers and evangelists will mean for some of the growth we need if done right.
I appreciate the update and insight into what we can expect. Looking forward to pushing in my way to add to the momentum.
Thanks once again for the support and dedication.
I like the idea of the posh token and what it could become. Evergreen content has always been a sticking point on hive as quality content loses value over time instead of gaining.
When I share I make a point of using leofinance.io links where possible as any clicks back to source will help their ad revenue which is used to buy hive from the market. That is the most important part for me.
If there is to be a value behind posh token where will it come from? How can we turn those clicks into money and use that to incentivize people to share even more links to other sites?
Is there a way to turn clicks into dollars or Sats and create a buyback on the posh token?
Then you are looking at a serious marketing tool as people don't even need to create, they just need to spread awareness of hive based content to earn rewards. The more attention they can generate, the more rewards they receive. This could appeal to larger influences on social media as they have a natural advantage to share content with their followers and even create their own content on hive after that as it will earn them revenue.
This is seriously beautiful! Working on some onboarding myself and it seems like many people are I love seeing it! Twitter currently is a hot bed of people to learn about crypto and be introduced to it. Posts there seem to get rather decent reach as the crypto community seems rather strong there.
It's one of the few giant techs that actually is helping Crypto exposure wise at the moment. Others like Facebook, Youtube etc seem to have cracked down on crypto over the years to the point it's nearly nonexistent on them.
I had no idea about peakd beneficiary program for those you refer into the site and I think that's a great little bonus incentive for people to post there links. It's nothing huge so abuse would be pretty much eliminated but it's a nice little kick back for the work you put in.
That's a big thing I want to know, is if someone joins Hive through one of my articles or a link of mine I want to know! Or for them to auto follow me with their newly generated account. This helps me build a tribe within the community and network with them better.
Just spamming hive with links has no meaning cause the algorithm filters them out of anyone outside of our vice Lea feed
Buuuuut
Your idea for incentivizing people with Twitter followings to leave links is another story! Brilliant! Links posted by “influencers” is another story, and rewarding them for their likes on hive related posts cause incentivize some of them to stay even if they don’t see as much interactions on their posts as on YT etc, users like @larksongbird @datadash @leecamp @davidpackman etc.
Fascist safe haven idealist and bully @acidyo stealing rewards from poor people bc he is easily butthurt.
😢
Flagging all my rewards to prove to me how you will deal with the mass adoption of Nazis on the platform bc u want a pump. No wonder this place has such high retention rates and a value of a dime.
You capitalistic scum bags deserve the circle jerk of obscurity.