Ultimately Hive Power holders on Hive pay for everything, including the DAO funding. We pay via inflation, or dilution or debt. But it is we who pay at the end of the day. What’s being paid for needs to be good, as there needs to be incredible reasons to hold hive power with all of these burdens it currently entails with the current state of play. Things need to change. We are NOT in a bull market
I wasn't saying progress, sarcastically. We're learning.
The reality is, everything we do here pushes and pulls on everything else, regardless of whatever market conditions we find ourselves in. My vote for your comment sends vibrations down the same line that individual we never heard of uses to dump that value in the exact same moment.
No pain, no gain. Pure chaos. Finding any semblance of order out of this madness is progress.
I saw a proposal for a streaming platform. Brilliant idea. Damn cheap, but only if the hundreds of millions of dollars those platforms typically generate annually actually make it inside the door. Potential I've been yapping about damn near the entire time I've been here. Ask your bro. He knows.
Perhaps it's time to pay for results, rather than promises. Prove your work, get your money. That's what I had to do. I didn't just promise a post with new art is coming in three months, then get paid to produce the outcome, only to disappoint.
"This wasn't in the brochure..."
If people know money is sitting on the table, waiting for results, they'll work for it. Flip the switch.
Why pay for a cloudy future when the past is clear?
This is correct and I would submit that the majority of what we are paying for in the form of posts, is not that good. But I have been saying for years, no one wants to hear it.
Everyone, even many major stakeholders who are paying for it all, believe they can end up better off than everyone else by getting a fat share of the post rewards, even as the overall pie continues to stagnate or shrink. DHF is more debatable as most of the payouts are at least directly for infrastructure development and marketing, but I'm sure there is some waste in there as well.
I have been in agreement with this for years. I guess we just never crossed paths on it.
Supporting initiatives that cause people / users directly to buy HBD directly in order to get some benefit / discount is a good thing to focus on IMO.
Regards DHF, its proportionately larger as hive price drops. so ATM its a huge pressure. it seems about 15 devs are getting about 12-15% of all rewards from the chain at these Hive prices. Completely unsustainable.
Im going to see how many of them will consider resubmitting their proposals without the nice to have stuff, so we can do what we can to collectively cut costs for at least 6 months, and then re review
I agree the issue of DHF becoming proportionately larger is worthy of direct stakeholder voting attention. At least with the post rewards, while high and not that good, they decline automatically in proportion with the HIVE price.
ATM posting rewards are being used to instantly incentivize the rewarding of spending of HBD at legitimate businesses with liquid HBD cash back payouts. Two photos are taken during the purchase process and posted to chain. Beneficiaries are then recycled to replenish the instant HBD payouts.
It’s a pretty good way to spread HBD to people who are using it to buy products in legit businesses
It’s also a good way to send HBD to people spending BTC and other crypto currencies (this is not yet built)
Soon it will also be adapted to incentivize e-commerce payments during the moment of unboxing.
Potential to spread HBD to many chains is huge.
To do this, need to create an account on the spending chain (say eth) and then take the hash of a signature and include it in the header of a hive account. This proves that both accounts are owned by the same person. From there we can send hbd to ppl spending eth in legit shops and taking two photos.
ATM this uses the hive blogging rewards mechanism and rewards pool for content creators. There is no reason this can’t be put into the chain directly on the base layer later apart from the work needed.
Using this method we can also reward blogs instantly and daily based on stats such as views and comments instead of subjective whale votes.
The discount method causes a direct demand for hbd. On small purchases, can give 25-60% cash back discounts on hbd purchases and say 10-15% for other coins
No other chain as far as I know can distribute a stable coin from its inflation in this way while also being non KYC, non custodial and premissionless.
But as far as I can see, we are about to go into the age of #spendtoearn #spendtomine distribution of crypto via legitimate spending instead of only sending fresh crypto to miners
what we are paying for in the form of posts, is not that good.
It's a participation award so people don't leave. The business model is, "Here! Come! Free money! We need you!"
They leave anyway, or get locked into a comfort zone knowing they're getting paid regardless of effort. People that aren't even here, pay them.
Just picture a talented street performer with a bucket of money in front of them, and no crowd. They'll move if they care about their work, no matter how heavy that bucket is.
But if you get a quality platform, attracting quality acts, and consistent actual support rolling in from the outside, the crowd can pull all that money off the junk and put it where it belongs. Plus there's buy pressure and the incentive to hold is in the hands of the majority. If someone earning steady for content that isn't an attraction doesn't like the pay cut, well, now there's a massive audience lurking about so maybe try harder.
That organic approach in my mind is the only way to get the ball rolling. Treat it like a fresh start and slowly but surely the wasteful practices fall off the edge.
People not having to throw their money away in order to support content is the only thing that sets this platform apart from anything else. That has the potential to attract a lot of money. And talented, capable individuals do things, for money, and a crowd.
Things need to change. We are NOT in a bull market
If you look under that VIMM proposal, you'll see where I suggested rebranding "curation reward" into something more suitable for their market. I've been talking about how people support content online with their own money since before it was so commonplace because I picked up on the trend early. Often met by blank stares or opposition stemming from individuals attempting to protect their vision of what should happen here.
Attracting that crowd interested in supporting content, with proper execution, would make a "bull market" look like peanuts. And the momentum would continue as more content people want to support is created. Each individual creating things people actually want to support creates a decentralized revenue stream for themselves. Altogether, a decentralized revenue stream for Hive that's hard to stop.
Instead, we do it the way we do it since day one. We don't want people to bring their money and support things they enjoy with votes. We want to attract "crypto investors" looking for a return, and tell them to automate everything and walk away. So any tokens purchased end up in the pockets of creators not causing much of a stir. That money is eventually on its way out or recycled into support not stemming from the outside. The "investors" wait for the mystical bull run, kill the momentum by selling "curation rewards" and put us, here.
Round and round we go. Look what we have. All these tools, benefits, and products meant to improve the lives of regular people go to waste, so we can attract crypto people and pray to the bull market gods for miracles. And working towards being successful daily doesn't stop the bull market from happening, but it does remove the trampled earth in its wake.
Based on my observations stemming from reality, we have the ability to offer legit products people are interested in supporting, year round, regardless of market conditions. And we don't even try unless throwing a wrench in the works is still considered to be an effort these days.
And now it's starting to look like a situation where if that ball did get rolling, the acceleration would slow due to friction caused by the forever accelerating HBD interest. Sickens me to think all that momentum would be destroyed just to pad a few wallets.
I'm just jotting down notes, don't mind me. But I think it's important to point out once again just how cheap the cost of something like VIMM proposal is when compared to potential income. But we'll never reach anything close to that potential by doing things the same way they've been done since day one.
Ultimately Hive Power holders on Hive pay for everything, including the DAO funding. We pay via inflation, or dilution or debt. But it is we who pay at the end of the day. What’s being paid for needs to be good, as there needs to be incredible reasons to hold hive power with all of these burdens it currently entails with the current state of play. Things need to change. We are NOT in a bull market
I wasn't saying progress, sarcastically. We're learning.
The reality is, everything we do here pushes and pulls on everything else, regardless of whatever market conditions we find ourselves in. My vote for your comment sends vibrations down the same line that individual we never heard of uses to dump that value in the exact same moment.
No pain, no gain. Pure chaos. Finding any semblance of order out of this madness is progress.
I saw a proposal for a streaming platform. Brilliant idea. Damn cheap, but only if the hundreds of millions of dollars those platforms typically generate annually actually make it inside the door. Potential I've been yapping about damn near the entire time I've been here. Ask your bro. He knows.
Perhaps it's time to pay for results, rather than promises. Prove your work, get your money. That's what I had to do. I didn't just promise a post with new art is coming in three months, then get paid to produce the outcome, only to disappoint.
"This wasn't in the brochure..."
If people know money is sitting on the table, waiting for results, they'll work for it. Flip the switch.
Why pay for a cloudy future when the past is clear?
This is correct and I would submit that the majority of what we are paying for in the form of posts, is not that good. But I have been saying for years, no one wants to hear it.
Everyone, even many major stakeholders who are paying for it all, believe they can end up better off than everyone else by getting a fat share of the post rewards, even as the overall pie continues to stagnate or shrink. DHF is more debatable as most of the payouts are at least directly for infrastructure development and marketing, but I'm sure there is some waste in there as well.
I have been in agreement with this for years. I guess we just never crossed paths on it.
Supporting initiatives that cause people / users directly to buy HBD directly in order to get some benefit / discount is a good thing to focus on IMO.
Regards DHF, its proportionately larger as hive price drops. so ATM its a huge pressure. it seems about 15 devs are getting about 12-15% of all rewards from the chain at these Hive prices. Completely unsustainable.
Im going to see how many of them will consider resubmitting their proposals without the nice to have stuff, so we can do what we can to collectively cut costs for at least 6 months, and then re review
I agree the issue of DHF becoming proportionately larger is worthy of direct stakeholder voting attention. At least with the post rewards, while high and not that good, they decline automatically in proportion with the HIVE price.
ATM posting rewards are being used to instantly incentivize the rewarding of spending of HBD at legitimate businesses with liquid HBD cash back payouts. Two photos are taken during the purchase process and posted to chain. Beneficiaries are then recycled to replenish the instant HBD payouts.
It’s a pretty good way to spread HBD to people who are using it to buy products in legit businesses
It’s also a good way to send HBD to people spending BTC and other crypto currencies (this is not yet built)
Soon it will also be adapted to incentivize e-commerce payments during the moment of unboxing.
Potential to spread HBD to many chains is huge.
To do this, need to create an account on the spending chain (say eth) and then take the hash of a signature and include it in the header of a hive account. This proves that both accounts are owned by the same person. From there we can send hbd to ppl spending eth in legit shops and taking two photos.
ATM this uses the hive blogging rewards mechanism and rewards pool for content creators. There is no reason this can’t be put into the chain directly on the base layer later apart from the work needed.
Using this method we can also reward blogs instantly and daily based on stats such as views and comments instead of subjective whale votes.
The discount method causes a direct demand for hbd. On small purchases, can give 25-60% cash back discounts on hbd purchases and say 10-15% for other coins
No other chain as far as I know can distribute a stable coin from its inflation in this way while also being non KYC, non custodial and premissionless.
But as far as I can see, we are about to go into the age of #spendtoearn #spendtomine distribution of crypto via legitimate spending instead of only sending fresh crypto to miners
It's a participation award so people don't leave. The business model is, "Here! Come! Free money! We need you!"
They leave anyway, or get locked into a comfort zone knowing they're getting paid regardless of effort. People that aren't even here, pay them.
Just picture a talented street performer with a bucket of money in front of them, and no crowd. They'll move if they care about their work, no matter how heavy that bucket is.
But if you get a quality platform, attracting quality acts, and consistent actual support rolling in from the outside, the crowd can pull all that money off the junk and put it where it belongs. Plus there's buy pressure and the incentive to hold is in the hands of the majority. If someone earning steady for content that isn't an attraction doesn't like the pay cut, well, now there's a massive audience lurking about so maybe try harder.
That organic approach in my mind is the only way to get the ball rolling. Treat it like a fresh start and slowly but surely the wasteful practices fall off the edge.
People not having to throw their money away in order to support content is the only thing that sets this platform apart from anything else. That has the potential to attract a lot of money. And talented, capable individuals do things, for money, and a crowd.
If you look under that VIMM proposal, you'll see where I suggested rebranding "curation reward" into something more suitable for their market. I've been talking about how people support content online with their own money since before it was so commonplace because I picked up on the trend early. Often met by blank stares or opposition stemming from individuals attempting to protect their vision of what should happen here.
Attracting that crowd interested in supporting content, with proper execution, would make a "bull market" look like peanuts. And the momentum would continue as more content people want to support is created. Each individual creating things people actually want to support creates a decentralized revenue stream for themselves. Altogether, a decentralized revenue stream for Hive that's hard to stop.
Instead, we do it the way we do it since day one. We don't want people to bring their money and support things they enjoy with votes. We want to attract "crypto investors" looking for a return, and tell them to automate everything and walk away. So any tokens purchased end up in the pockets of creators not causing much of a stir. That money is eventually on its way out or recycled into support not stemming from the outside. The "investors" wait for the mystical bull run, kill the momentum by selling "curation rewards" and put us, here.
Round and round we go. Look what we have. All these tools, benefits, and products meant to improve the lives of regular people go to waste, so we can attract crypto people and pray to the bull market gods for miracles. And working towards being successful daily doesn't stop the bull market from happening, but it does remove the trampled earth in its wake.
Based on my observations stemming from reality, we have the ability to offer legit products people are interested in supporting, year round, regardless of market conditions. And we don't even try unless throwing a wrench in the works is still considered to be an effort these days.
And now it's starting to look like a situation where if that ball did get rolling, the acceleration would slow due to friction caused by the forever accelerating HBD interest. Sickens me to think all that momentum would be destroyed just to pad a few wallets.
I'm just jotting down notes, don't mind me. But I think it's important to point out once again just how cheap the cost of something like VIMM proposal is when compared to potential income. But we'll never reach anything close to that potential by doing things the same way they've been done since day one.
And I'll throw this comment in just to tie a few thoughts together:
https://peakd.com/hive-13323/@nonameslefttouse/re-azircon-sin5st