This is why I think short form content is so important for HIVE. It's less reliant on price of HIVE as the users there are less likely to care if their snap earns zero cents than bloggers.
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This is why I think short form content is so important for HIVE. It's less reliant on price of HIVE as the users there are less likely to care if their snap earns zero cents than bloggers.
Not really - would you snap here if you had zero chance to get any reward at all?
Probably not, though I would probably still snap even if HIVE was 5 cents. I'm just saying that regular snappers are probably more sticky retention-wise than regular bloggers who focus too much on HIVE's price.
These 5 cents at $0.25 would become 20 cents at the parity with dollar. Not bad for a sentence or two, huh?
Imagine we get to the dollar, stick there for a few months, and then drop back to $0.25. You'd be used getting at least ten cents per snap, and suddenly, you only get two.
You may feel like wasting your time, and lose interest. Or perhaps not you, but many people would.
It works the same for short and long form, only at scale. People who left used to publish at way higher price, earning way more than you can get now.
Yeah, everyone's different. The problem with relying on HIVE's price as retention or getting people "back" is they inevitably will leave again. I'm not really sure what the solution to that is.
Long-term stability with optimistic future :)
People would hardly leave in a mass scale if there we kept around $1.4-1.6. Obviously, some would quit, some new would come to replace them though. At this price, everybody would get about 5 times as much as now.
A common snap would easily get that five cents. An good English post say $40, and an outstanding one $100+. Not bad, many copywritters are paid less.
High hive price would create lots of hype and fomo. That would be sweet if it ever happened.
Indeed :)