Let's not say a billion people came to HIVE. Let's say 500,000 did. For one thing, unless they invested in and staked a lot of HIVE to begin with they wouldn't make much on their product (articles). And even if they did invest, it would still take some time for people to get to know them and want to vote for them. All that investment would seem to me to increase the value of HIVE.
And what if their was very little investment but still 500,000 new people? Only a few of those people would stay dedicated and put in the time and quality to succeed here. And don't forget, most of the rewards we earn here (at least half) are paid in HIVE staking.
Another question. Have you read the white paper? Does more people mean more blocks will be produced? Does HIVE have interest? Is there a certain amount of coins produced like Bitcoin and then a halving? How many HIVE will be mined before we've reached the final coin to go into circulation?
Just some considerations that fall outside the typical economic scenarios.
In that case you have low user retention as a result of the difficulty level in relation to obtaining rewards which although on a different topic (user rewards) furthers the point of the article that the economic incentives are not aligned with the goals and ambitions of Hive as a platform.
The series of questions you have, yes I’ve read the white paper and encourage all to read it. The link is here:
https://steem.com/SteemWhitePaper.pdf
With the other questions, most are answered by the white paper. What do I think about these things? I’m not going to publish those opinions at this time due to the fact that if Hive were my own business and I was looking at modifying it I would try to make subtle rather than drastic changes within the existing systems to alter the economic circumstances to bring the incentives in harmony with the ambitions of the platform. Think scalpel rather than chain saw.
Interesting. I know back in 2018, marketing at all was difficult at best. What with the complete censorship of Crytpo by Google and Facebook. I'm not against marketing but I think some of HIVE's greatest attractions are its lack of censorship and decentralized nature (or at least an attempt at decentralization).
I wonder where a site like HIVE might benefit from marketing? It seems counterintuitive to market on the mainstream media, offering exactly what they don't have. If the ads were successful, it's hard to think they wouldn't just censor them again. Of course, there's always marketing within the cryptosphere and on Twitter.
Also I wonder if marketing could be done through the process of creating a proposal? Seems it would have to be well thought out and written accordingly. That's a little beyond my solo abilities. 👍😁
I’m actually working on another article right now that covers how this can be done effectively but in a nuanced fashion.
Marketing is key but I’ve found a way to properly align it with economic incentives that would strongly encourage users to participate in this form of marketing but the end result wouldn’t be the obnoxious spamming of ads either here on Hive or elsewhere. Placement is good but this form will be received as word of mouth advertising in an effective form.
When I finish this article I will be sure to link it in this thread so you can share your opinion on what you think about it.
Nice. Looking forward to reading it.
Follow up article here:
https://esteem.app/hive-139531/@kushfreeman/how-hive-can-encourage-growth