What about actually using our traffic and views to generate ad revenues in order to buyback tokens and keep the price at least flat?
Such as $BAT is doing or @leofinance.
This would make sense from an economic point of view
What about actually using our traffic and views to generate ad revenues in order to buyback tokens and keep the price at least flat?
Such as $BAT is doing or @leofinance.
This would make sense from an economic point of view
On a 2nd layer, sure. I'm referring here to the 1st layer, the HIVE blockchain.
Sure, but we might have to change the 1st layer because the 2nd layer is not generating enough buying pressure.
So if we manage to get buying pressure (from ads, sponsored posts...) we could maybe keep the 1st layer as it is.
Just a thought. Thanks for your answer 😀
I was not referring to any frontend; that's not the concern of HIVE. The concern of the blockchain is to provide a base that others can build upon and I don't think that a global rewards pool will have the capacity to reach a community beyond niche-level.
Either we remove it completely or change it to smth like "individual-rewards pool"; as I personally think that tipping without it coming directly from your own balance is a cool idea and earning 1st layer inflation from your staked tokens is always a good argument pro-staking.
Who is running the hive.blog site at the moment. I have been stressing since the start that we need buy pressure against the token. If ads con be integrated onto a community interface like that and a buy/burn programme to go with it that will be a start.
Apps, tokens and users will be the main driver over the long term but we need to survive long enough and have a token price high enough to get there.
If we get the price we get the users. Then more users will raise the price. Ads are a good place to start.
I think @blocktrades team is running it.
The buy-back idea is pretty smart, but IMO it's really just the cherry on top.
A temporary measure more than anything really. To attract more users and developers we will need a higher token price as our user base has shrank since the split and has shrank since the bear market.
As a community we don't have the buy pressure to match the inflation of hive without more apps,users and investors which I do think that we will see in the long term if we can keep growing for the next few years.
My main fear is that as the price slips further we will lose more people and be seen as a less viable option to join regardless of how strong the blockchain itself is in terms of tech and ability.
Less users means more sell pressure and its a vicious cycle to break. Think of how good an advertisement it would be to make a weekly or monthly announcement about buying 20k hive from the market. Show people where the value comes from and get them interested. @leofinance have been doing it very well and BAT are increasing their buy every month.
Don't let fear hold you back. People will not abandon Hive because of missing rewards.
People will abandon the chain due to a lower token price. We have seen that consistently over the years. If there is more to be made elsewhere, they will move. Unless there is something more than profit to be had by using the chain then they will stay or go depending on token price. People leave very fast due to not being seen in terms of voting and engagement as a lot of the larger stakeholders tend to not be very active on the chain itself but autovote the same circle or delegate out. Which is fine in itself but doesn't help the platforms.
It is far easier to retain existing users than to onboard new ones and yet we have seen a constant talent drain over the past two years only fueled by a toxic culture from a minority of users.
While some of our witnesses do great work behind the scenes and have HIVE running brilliantly, there always seems to be an under appreciation for user experience and non technical details. At the end of the day if we have 1000 apps serving 10 million users. None those users are going to care how reward distribution works or what is happening on the back end. They just want a good experience and an interesting place to pass the time.
Businesses want a functional model to build and attract users. Apps want simple and cheap platforms to get started. I appreciate that the back end of hive is very important to all of this but i would really rather see more time and effort put into the other side of things as well.
If you have a way to spread out distribution, cut out spam, cut out downvote attacks and still ensure that people are staying active then I would be very willing to listen but giving people their own reward pool will only encourage greed and selfishness.
Until then I would love to see more effort put into the actual user experience and trying to drive growth before the next bull run. Get us into the right position to take advantage of a new wave of interest in crypto.
People who's next meal is dependent on not understanding are unlikely to find understanding until their next meal depends on it, iyam.
This, yeah.