there's no reason for me to use HIVE for transactions in life with other systems like PayPal.
This is honestly an issue across the board.
Why use a DEX when the centralized exchange is a requirement for fiat onramp and the fees on that exchange are cheaper? But also we see the environment slowly changing in that crypto starts making more and more sense to use, especially with regulators moving in and swinging their dicks around.
Once again it all comes down to an infrastructure and utility issue.
Many are tired of hearing this but: we're still very early.
I totally agree with you, but I believe that like most altcoins, its focus of use is due to its ecosystem and nothing else.
Why would anyone try to use altcoins to make payments like MEMES cryptocurrencies, protocols derived from Ethereum. A step forward from stable coins, or even Bitcoin. Although the transaction fee is still a problem.
We should keep HIVE to be interesting to use in HIVE, but what do we have here at this time? Even the return on stacking seems small compared to the risks of holding on for so long. (Currently at 3% APR).
Yield is way higher than 3%
This number doesn't count curation.
Actual yield is much closer to 10%.
That doesn't count the value of governance votes either or building personal reputation on the chain.
All attached to your Hive Power. I understand what this brings for everyone involved.
But now, if you want to take away that small gain through curation, stacking percentage and so on. Will they be barred from receiving votes from the big boys?
Consumers are not impacted by what a small group of individuals on Hive think. It's a myth one needs to be a "content creator" here in order to earn. Easiest way to earn is by browsing the merchandise, upvoting, leaving comments here and there and maybe those will be voted up.
And if you have solid content you know is worth money, you could simply reach outside and attract paying supporters who can stake tokens and basically get paid to support your work.
No need to be concerned. If one feels like they're being ignored, just ignore them in return and do your own thing.
Would you like to do a real test to prove your thesis about not earning money without “creating content”? We could do this for three months, and do the math on how much we got as follows.
I'm not criticizing your point of view, but just addressing recent issues, it's much easier to get paid for some posts with 5 dollars, than to comment and wait for an appreciation.
Sure. So I just upvoted your comment and will earn half the value for pushing the button.
I did it again. I'm hardly breaking a sweat and you're already earning more than your post today so far, and so will I, just from this interaction.
Most people voting your posts aren't even looking at them. Just so you know.
Back when I used to post sometimes I'd hand out 20-25 dollars in comment upvotes alone. If I did that today and people waited for a higher price; same result. I'd earn half that value just for upvoting those comments and talking to people, on top of what my post earned. They would upvote, receive their half, plus get a comment upvote and receive half.
Not many run their blogs like I did, even today. But when the comments come to you, it's a little easier to earn from that.
I currently have about $5 coming in just from commenting. Might get around 25-30 HP just from voting today. Nothing crazy but it all adds up.
Could spend a few years writing posts but if you sell it, you lose these benefits. Those people powering up everything will be able to do this and they'll also be receiving votes from those accounts. It's a long term game. I get where they're coming from but not everyone will play that game. You can work and sell and work and sell and work and sell and never gain traction as well. Boils down to personal preference.
But I can't take you up on that offer, because I'm not going to try hard. Just going to do my thing and whatever happens, happens. Won't be posting either.
It's true though. Creating content isn't the only way to earn here. And by the sounds of things there's going to be a shortage of paying consumers. Consumers earn by powering up and pushing a button. Much better deal than tipping a stream, for example. But they spend the money anyway so why not be rewarded for it.
lol
What else can you do?
Hive already has a connection to the Lightning Network and the ability to pay LN invoices with HBD.
This may or may not become a very big deal going forward as HBD has no trading fees and the LN has no stable-coin.
@v4vapp