Every time I hear people "onboarding" others to $HIVE via a way to get paid for their content it makes me cringe. All of these people are sucking money OUT of Hive and not putting money into it.
Unless Hive figures out how to generate revenue through ads or another way like it the price simply will not move or the onboarding needs to be investors, developers and not some 3rd world country poor people. Yeah I said it because that's business sorry, but not sorry it's the honest truth and some times people just need to hear the hard truth instead of the (Yes people).
I know what you mean with that. But also, many of those are not even taking that much money out of the blockchain and even that least it helps and make a huge positive difference in their life. So I think that is a good thing no?
I'd be all for it if Hive figured out a way to generate the revenue that is paid out. Otherwise it's coming out of the pockets of other investors which would doom to implode at some point.
not necessarily, because after a while in here, creators that are clever will find that they also can earn passively here by simply powering up and farming and offering liquidity. So
bOOm !
That means - I agree
And most times these so-called “3rd world countries poor people” advertise Hive more than the so-called 1st and 2nd world countries.While most of what you said was accurate you missed a valid point. Convincing these investors and👇
developers is way harder than convincing these regular people hence the influx of them compared to the number of investors and developers.
sure but that's not really what I'm saying here. What I'm saying is that if Hive is going to keep promoting itself as a social blockchain that pays people for their time then it needs to generate revenue. Which it doesn't like a normal business would in order to be able to pay people.
One of the best aspects of Hive is that it reverses the basic architecture of global capitalism and funnels money into third world countries, instead of out of them.
Sure but where does that money come from? Right now it only comes from investors and speculation that the asset will be higher. There's no core business fundamentals to increase the value or hold the value of the token. It's simply exiting value. The point here is if Hive is going to promote itself as this type of platform and social then it needs to generate revenue that is going to be paid out to people.
I hate to say this but you hit the BULLSEYE from it.
There is a lot of truth to this statement. I don't like HIVE being promoted as "come post and get rewards". Starts users off with the wrong mindset. But we do have to ask ourselves...is HIVE better or worst from the users that aren't able to contribute financially? I think the answer is better. A large % of the content created here comes from these environments. Content and attention is the primary fuel for social platforms. For example, as of today, I think MAUs is way more important than price...even though one could argue that positive price movement can eventually increase MAUs
With all that said, you are spot on about how onboarding efforts need to be created for different classes of users. I don't even think the money that is being "sucked" out is that substantial (correct me if I'm wrong). Seems like the bigger issue is a lack of new investor and developer types you mentioned coming in.
These are good points and yes I believe increasing users and paying out and having that as a focus can be good. However hive has to generate that revenue some how. It generates zero on it's own right now.
I would much rather see the $300,000 that was just extracted from the DHF to fund development on hive. Development would bring users because there would be products they want to interact with and naturally market themselves if they were good.
But if your going to promote that you can come here and get paid for your content then you need to generate revenue otherwise you're simply extracting from the only source and that's investors. Of which investors are not going to see hive as a good investment if the general idea is to only keep extracting and have nothing to fill it back in. The price of hive this year purely reflects this.
Indeed. Especially the “generating zero on its own” part. That’s the last thing an investor wants to hear
Good thoughts. You know Hive has become a global business community and some us from the so-called 3rd world will love to contribute to its growth, re-invest some of our earnings in Hive and move it forward. @klassicmyk
proof?
To me there is nothing to proof. I joined the platform newly and I am yet to earn money here. I know if the opportunity comes, I can invest. After all, we gain when we invest.
Maybe its a hard truth to some users, but we need all as a collective to give more than we take. With that in mind I never have a problem with ppl doing whatever with their tokens, its theirs and they can do whatever they wish. I dont invest in Hive and hope its the one in a million moonshot.