So I came across this post on Hive today; it was eye-opening, and I learned yet again. So the author was discussing why some Hive users are more successful than others, and why he believes the creators' uniqueness is why they are preferred by curators and readers, as well as command some level of respect.
He chose a specific creator and discussed how this user's behavior has allowed them to continue to receive support, connections, and growth while also flipping these supports for even greater growth.
Technically, the owner of the post was correct. It is not difficult to cut on Hive. The post's summary in my own words is that you must forego breakfast and lunch on Hive in order to have a larger dinner, and you are free to interpret this sentence however you see fit.
So I went to the comment section and saw this person complaining about the high cost of entry on Hive.
To be honest, if the person had properly interpreted the post, he would not have asked about this "barrier to entry" because the poster addressed all of that indirectly, leaving the readers to interpret it for themselves.
However, the post may have been too long and the person did not read between the lines, which is another issue.
Sometimes we are presented with opportunities to impress, learn, or make a statement, but due to a lack of time, we simply fail to learn. Some Hive posts require two or more readings to fully comprehend their meaning.
Time & Effort
Today, I came across a TA of the pump of Hive. It was a comment, but I spent some time looking at it. I Googled the words the person used and spent more time understanding his context. Why? I need the knowledge.
Sometimes the elephant in the room is too small to see, or we pretend not to see it, but some things are better left unsaid so that everyone can deduce and understand them in their own way.
Hive is technically free to use, but it is not without costs. The fact that it is free does not imply that using it is cheap. For example, as a new user, you need resource credit to interact, and resource credits are obtained by having staked Hive, so this alone, despite its obvious freedom, can be a barrier, and as users, we must find ways around it.
So they can either reach out to onboarding programs on the chain to delegate HP to them, or subsequently grow their reach and get someone to do it for them, or they just continue grinding with the limit they have until they can grow this limit over time.
So, while technically free, you have limitations until you grow large enough to overcome them. However, this is not what this person intended. You might think that this resource credit mechanism will be a significant barrier to Hive, but it isn't.
You might think that the inability to interact due to RC would bother a lot of people, but we have not seen anything like that so far.
However, the "limit or barrier" intended to be the limit is a new user's inability to grow in the manner that they desire.
To elaborate, he meant that users require some sort of motivation to stay in the space, to stay present, to keep creating, and that if they do not seem to fit in with the upper echelon, they become discouraged and leave.
This is an obvious problem with every web3 outlet and Hive gets scapegoated a lot for this. In reality, web3 is more profit-driven, which is why there is competition.
Web3 Has Many Niches
I recently discovered a different niche on web3 and was wowed at how much money these guys were making. They then went on to compound these profits by investing them further and using the profits for even more profitable ventures.
So I tried to break in and try my luck, and I discovered that one of the reasons this niche remains undiluted despite being profitable is due to the barrier to entry: money.
Web3 will always have its own set of barriers, as will Hive.
I am not going to discuss how to get around this because we have already emphasized it several times, and I do not think we need to keep repeating it.
You have something to give, and you must sometimes discover it for yourself.
The goal of this post is to demonstrate that there is a barrier to entry everywhere, and it is even higher in web3 not just Hive. Sadly you need to cut it for it to work for you. Everyone will approach it differently, but the end goal is to make progress.
Interested in some more of my works
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Virtual Bank Apps In Nigeria: An Experience Of Gamification
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Interested in some more of my works
Is it Easy To Make Money?
Nigeria: A Unique Business Market & Industry
Virtual Bank Apps In Nigeria: An Experience Of Gamification
How To Find The Next "BIG" Meme Coin
Personal Finance: Achieving Intentional "Saving" Goals
Playing The Survival Game: Human Nature In Introspection
"Un-PAYING" The Debt You Owe
Posted Using INLEO
If I recall correctly, the Resource Credits (RC) mechanism was developed to prevent spammers from flooding the blockchain, a problem that Steemit faced in its early days. As you indicated, new users can request delegations or persevere through their limitations. Building a following and getting noticed by curators takes time, but my advise to newbies is to focus on the process rather than the rewards, especially when you're just getting started. Instead, focus on honing your content and enjoying the creative process. The growth and recognition will occur naturally.
You're right. My point with the resources credit is that some users don't point it out as barrier to entry, but they point out not getting enough rewards as a barrier to entry. It takes years to build a venture that works. Apart from having curators notice one, one can build a following of friends they can grow together and these things can take years. Just have to keep paddling through. Unfortunately not many can wait
The barrier to entry is everywhere. I don't think things happen easily and it takes time to build a following. I remember when I was about to give up until I took some advice from taskmaster4450. Make those meaningful comments and see how far that goes.
You're right, the barrier to entry is everywhere. You found a following and you took some very good advice and I think so far it worked. Taking advice or tilting your strategy was key
That's very true brother. Honestly, my stay here is out of courage. I registered on hive blog long, but wasn't active because it was becoming so discouraging, especially when your post lacks engagement, It always feels so discouraging. I believe with time, effort and hard work, my activities here will certainly payoff.
Everyone has to discover what they have to individually do. A comment above says there's a barrier to entry everywhere, as it's not just on Hive. and everyone has to individually crack it on their own. There are profitable aspects of web3 that requires huge entry point. It all depends on what one wants to sacrifice
It's never easy! Starting here was tough, and I see why so many people give up. I didn't have support of any organization and had to make it happen myself. I would say that only now am I getting to the point that I can grow relatively easily here, but lack of HP was a problem. Money is an entry barrier wherever you go!
I'm not sure what platform you checked out, but the investment must have been significant if you didn't give it a go. Some places you have to pay to play, even here, but the barriers are much less of a problem here I've found. Time and dedication are the key here on Hive!
It's never easy. I literally need some money to actually enter some aspects of web3 and all I need is just a small amount of money and some time and dogged dedication, but I need to keep grinding before I get the money I need to make my entry easier and perhaps potentially profitable. It doesn't mean I'll give up, it just means I'll keep doing what I'm doing, until it can pay off someday. That was my attitude towards Hive too, and it's going to be my attitude anywhere.
Web3 has grown from a tree 🎄 to a massive forest of ideas and projects.
I recently started a research into web3 utility in medicine and there are a lot of projects that are providing a lot of value... And each one of them has it's unique set of hurdles that must be overcome in other to begin a journey through it.... Ultimately, it's the fruits that justifies how deep the roots has to go.
In other words, web3 is no child's play and anyone who wants to play has to be creative with what they will give.
Well every platform has its own challenges, but on Hive, I think hard work and patience pay off. One just need to stay consistent and be yourself!
I don't even want to keep talking about it, because it looks like repetition. So I think users should probably find ways to figure it out, since the same way might not work for everyone
That's true though, different ways, for different people.
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Crypto is not easy, web 3 is also not easy but here we see that there are many people who make losses in trading and then never come here so everything here has to be done very hard. And in the time coming to Web 3 we will see gaming become a lot more popular. This year is going to be a lot more special.
I am very curious about this post you talk about. I would love to read it. The technical analysis too. I've developed a liking for capitalizing on the pumps recently, so I'd love some different perspectives from people aside my own analysis. I think I should probably do a TA too. Anyone that knows what's good for them will not take me serious, but I'll still do it anyways. Lol
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