These sound like great improvements for running the system. Thanks for all the hard work.
As one of the main Devs on hive and a top witness I was wondering what your thoughts were on adding ads to hive.blog and creating some revenue and buying pressure for the token.
A lot of people have been talking about it and we do need external money to flow into the system. Finance leo have been doing it very well and a buy/burn of hive could be very benificial.
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I don't think that ads in their classic form are something that could make Hive better.
Especially that
Steemit's idea of "self served" ads that we used to see in the condenser.Of course it's up to hive.blog owner and remember it's just one of the dapps.
A way better approach is to show people that instead of paying for classic ads, they can brag about their products or services directly on the platform.
They can engage with the community, gain influence; power up their Hive.
That could be mutually beneficial.
IMHO few bucks from some random scammers being able to advertise their scheme on one of the Hive frontends isn't worth it.
By the way, the only case I know where attention is paid to classic ads is when my ad blocker does it to get rid of them ;-)
Thanks for the reply.
I'm not sure who is in charge of hive.blog which is why I asked your opinion as a prominent witness. It being the gateway to hive and the launchpad of the new chain places it as more than just a simple dapp in my mind at least. Which doesn't say much. Or carry any weight.
Some of those ads on steemit were nothing more than a shill but before the hardfork they had managed to generate enough revenue to stop selling the ninja mined stake which amounts to a fair amount of dollars per month. The difference being that they were using it to fund their own ends rather than add value to the community which is where I see ads coming in.
A few neatly placed banners wouldn't affect anybody's user experience and as you say a lot of people use ad blocker which won't even show them on the feed but there are cases where they can work in crypto. Finance leo have started to integrate some small discreet ads and have already increased their ad revenue by 2.15x since last month just from an increase in users. They use this revenue to buy back their LEO token and keep the value high.
It's only about $200 per month right now but hive.blog would command a much higher rate and it would be nice to see a steady buy order on the tokens going forward. If that got up to 10k per month it would make an impact.
And I agree with you on this point as i think in the long run adding users will be the usp of HIVE and bring in more users, devs and investment but as we all know. Without a strong price point on a token it is very hard to bring people in. That's where I see ads being the bridging factor to keep pushing up the token price through buy backs as we try to add more users and long term value to the chain.
More buying and less selling. That's just what is rattling around in my head at the moment anyway but I'm involve in business and hate to see wasted revenue passing by.
Either way, keep up the good work behind the scenes. We appreciate it.
This is really awesome