I don't see a reason to take anything whaleshares did as a way of determining whether that idea is successful. Would you say social media is failing because MySpace failed? Of course not. 😄
As a past usr of WLS, this just feels like WLS with extra steps. You can see how they failed after the change. I don't think this is the way to go at all.
Its people's perception that needs to be changed. With the tipping system introduced, everyone thought of the amount they were getting as "their tokens" and sharing became very very little. If you take a look at it now, it's still a few people tipping each other in circles and the rest just posting with no result(tho, there's a real post only ever 2 hours or so). It's not going to be easy at all to change people's minds to thinking that a tip ecosystem is better anytime soon on Hive. WLS was growing until the tip ecosystem got implemented(against most user's wishes, but stake talks) and then the growth stopped.
I actually didn't mean my comment to come off as a negative slight against Whaleshares. I actually like that they tried something different. The jury is still out, I do see many people tipping posts but I also see many just checking in each day to claim their reward and give out about how the system works.
I don't see a reason to take anything whaleshares did as a way of determining whether that idea is successful. Would you say social media is failing because MySpace failed? Of course not. 😄
But it is sort of like whaleshares, right? We can certainly look to them as lessons learned.
No.
What's the differences?
As a past usr of WLS, this just feels like WLS with extra steps. You can see how they failed after the change. I don't think this is the way to go at all.
What were the downfalls you experienced and do you have any ideas of how it could be implemented in a way to mitigate the downfalls?
Its people's perception that needs to be changed. With the tipping system introduced, everyone thought of the amount they were getting as "their tokens" and sharing became very very little. If you take a look at it now, it's still a few people tipping each other in circles and the rest just posting with no result(tho, there's a real post only ever 2 hours or so). It's not going to be easy at all to change people's minds to thinking that a tip ecosystem is better anytime soon on Hive. WLS was growing until the tip ecosystem got implemented(against most user's wishes, but stake talks) and then the growth stopped.
I actually didn't mean my comment to come off as a negative slight against Whaleshares. I actually like that they tried something different. The jury is still out, I do see many people tipping posts but I also see many just checking in each day to claim their reward and give out about how the system works.
Whaleshares is a bad example, because they were seen as a copy-cat and the token had absolutely no value. It would have died, even without tipping.