On the internet...
Content consumers bring money and attention.
Content creators make money.
Everyone is happy.
On Hive...
Content creators come to make money. They earn some. They automate upvotes and pretend to be consumers. The more money they keep in their wallet means they're better at pretending to be a consumer, and people like them. But that content creator isn't making any money, they're just holding on to money. The ones that noticed free money falls from the sky even when nobody is looking; they make money. Then the individuals making money are frowned upon by those pretending to care the whole time.
Solution:
Create content worth money and attention.
Attract consumers with money and attention.
Since consumers typically outnumber content creators on the internet, the result is stake being in the hands of the majority and content they actually want to support is their incentive to hold. Now the content creator can make money without being glared at. Plus everyone stops pretending what they're doing is a good idea, until they realize it's not but won't accept it. However, not all is lost. Acceptance creates desired results.
This sounds excellent.
That's literally how the world of entertainment actually works. Not sure why Hive members insist on going against the natural flow. Their own behavior and common practices decrease the value of their holdings. It'll remain that way until they're able to see the difference between the role of creator and consumer, then embrace both.
Even "curating" content is dysfunctional under these circumstances, since there isn't a mass of consumers around to curate content for. Placing your "best" items in high traffic areas of the store is smart, but without customers, that item collects dust. It'll remain that way until people can accept where they've gone wrong.
You mean, double, triple, or octuple down on the same practice and yielding the same result hasn't changed them?
Maybe things will change when we reach decuple times!
20 people could come here and bring 20000 paying supporters in no time, and that's only, the smallest effort.
All it takes is one big bang and the community becomes an expanding universe.
So I don't understand why we do things this way instead of that way.
I think streaming services have the best chance of pulling it off, since having paying types in the audience is the norm. Then all that money and attention would spill over onto everything else.
Selling stake as the opportunity to be a curator or "influence" is not what people want. Everywhere else, proves that. Same with eight years worth of history here.
And I know that famous quote about what doing the same thing over and over while expecting a different result means. Yet I'm pretty sure here, I sound like the crazy one.
I guess the "stakeholders" simply know better.
It is what it is. Everything can still be the same way for some. Just add that part in. Ease in to progress so it's not a culture shock.
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Your "solution" makes a lot of sense for other social media platforms that are free to join and use. But Hive is a different beast and I'm not sure this translates in the same way. Hive requires buy in to become a consumer. An individual needs to invest in order to become a the consumer that you describe.
So the question is: how does Hive get more consumers willing to buy in (with stake)?
You're not wrong but there are missing steps.
How is that different when compared to the thousands of people dropping massive tips constantly upon streams for example, to the tune of hundreds of millions of dollars annually? How is that different compared to the thousands of people supporting a content creator's Patreon? How is that different when compared to one purchasing movies, games, subscriptions and so on?
How is that different?
The consumer is no longer spending their money or throwing it away or burning it on something like entertainment. They're literally earning to support content. This behavior turns the act of consumerism into something productive for the consumer. Something never before seen in history so I understand where your confusion comes from.
Maybe take a closer look at the broader picture.
It's different because we don't actually see that on Hive.
-We don't have new users bringing in large invested stakes to make those "tips."
-"consumers" as you're describing them (individuals with stake that can tip or vote for content to pay creators) don't outnumber "creators" on Hive. On Hive it's the opposite. There are more creators. The Consumers on Hive that can actually pay for creation are essentially whales and orcas which only make up a small portion of overall accounts on the platform. The average consumer on Hive are the folks that Solominer is describing - an individual with little to no stake at all because they cash out every penny then earn in creation and curation.
This is the ideal situation I agree. But it's not the reality of Hive - which you outline here
I agree with your premise, in that it's what we want to see, but we don't see it on Hive at this time. So what I'm asking is how do we get there?
It's not different and they all work in the right venues, media content wise each suits different kinds of content differently to some degree but..........
wait till you guys see what I've been doing for you and all the other folks to see what everybody else has been doing!
doing doing doing doing doing
That's a success ball bouncing along.
You meant the bouncy sound effect.
I saw it as Do ing Do ing Do ing Do ing
And I thought you were describing my to-do list. It's full of do - ing lately.
But I got it, that's just how your successful bouncy ball rolls.
boing boing boing doesn't quite fit there.
When boing doesn't fit they just open a door.
I read through your comments here and if I got you correctly, the idea would be not to promote hive to content creators but to promote hive as a way to create an income stream based on an existing or growing audience.
You ask your followers to come to hive and you propose them to support you. They grow their account and by supporting you they also increase their own stake. Is this correct?
It could also be applied to any other field than the traditional social media influencer concept. Let's say, I'm the president of a small football club. I ask all the members to join and to invest a small amount. I then publish the weekly results of the team and people can support the posts. Thereby they support the club and at the same time, their power grows. The bigger the club gets, the more money it can make and the members can use the same money to support again and again...
It's like this: You publish something, create a video, do some streaming, or whatever you do. You notice nobody is voting. That's because you don't have any paying supporters with HP. You need those. That's how you make money here.
People exist outside of Hive. Billions of people. After staking some tokens, they can support your work, forever, and earn to do so. With every vote they give you, your support base grows. A much better deal than throwing that money away. It's also a decentralized revenue stream. If one backs out you still have everyone else plus more might come with their money to support you. Your market or following is set in stone here. Nobody can take it away from you.
So yes, anyone could do that in the same way they ask people to support their Patreon. Now the content creator can make money. Don't even have to say, "Hive". Just direct them to your own brand which happens to exist on Hive and teach them what to do. Surely that memo already exists.
Watch a few streams and look how much money people are spending handing out tips. They'll never see that money again. Consumers would love to hear about this deal. Spend the same amount of money they spend in a year on HP instead and now they have something to show for it.
Even an entire community here can seek outside support in this fashion to support the happenings in their community instead of sitting there wondering why nobody votes. Perhaps the existing stakeholders simply aren't interested, but that doesn't mean several of the billions living on this planet are not interested. So now your community is successful.
Anyone can do this for themselves, starting today. Could have been happening for eight years. We're not trapped inside a bubble here. And if you're bringing money in the door, cashing out isn't a big deal. They need to be real people though. If there's no signs of life chances are it could lead to downvotes. I'm only talking about legit consumers, active and engaged.
I wrote the same thing in another words multiple times, and some people told me that I am negative, and that they do not like my negativity, while I was only honest, and I wrote only the truth about this platform.
I am happy that someone else (you) also wrote down the truth, and at least a few other people are also honest (accept the truth as truth, and they do not see it as negativity, but as honesty).
Pointing at any problem in society, and saying there's a more productive approach, will often lead that reaction. I think in general, plenty of people can see common practices aren't quite yielding results anywhere near full potential. I always say the knife isn't dull. Just need to turn it over and use the sharp edge.
That is an interesting idea, I hope one day we have such an ecosystem. But most large stakeholders here are "crypto-bros" so it would be nice one day to see a change in who holds most of the stake..
It would also great increase the security of the chain by spreading out stake, making it harder for take overs or other shady stake based attacks.
Yes. It'll be difficult to break through that wall and just start using crypto as money that helps pay for the legitimate products we can offer. The average paying consumer type on the internet would love this. I know within a week someone would say, "You don't need to support the things you enjoy. Simply automate everything and get your ROI." Like throwing customers out of the store. They didn't come to buy ROI. Then we're right back to this same mess, praying for the bull run that only leaves this place trampled once it's done. Rinse and repeat. Such a waste of potential.
In order to have high quality content people would be interested in supporting with their own money, the content creator needs to get paid so they can improve. So the value that sticks around is in their audience, rather than the content creator's wallet. That's how it's done in life, and on the internet. Far more effective in practice. That's what led to something like Youtube having millions of creators and billions of viewers.
This approach where the content creator must hold their money in order to be accepted by their "audience" is odd and not very attractive to anyone who takes their work seriously. A true fan of your work would never turn their back on you simply because you spent some of the money they gave you.
And yes a positive side-effect of a mass of consumers is the added layers of security and decentralization. People want a decentralized media platform. That doesn't happen until its in the hands of the consumers.
Working on it, consumer boss!
Yep, everyone here only sees their "content" in terms of Hive. So they should ask themselves...
That's part of a comment from June, 2019. It's five years later and I still hate repeating myself.
Melts away, so people can earn a high score.