If I had the ability to build it I would be making a front end for hive with a steady but discreet showing of ads on it. Like Leo.
I would use that ad revenue, half to buy hive from the market and build up a curation account for the front end to incentivise people to use it. Half to back a token to represent whatever that front end is for and allow people to earn freely from day 1.
That token can then be used to trade on the market. Buy perks for the site such as badges, status, promotion, merchandise. It would add value to both your own group of users and the eco-system itself. Then all you need are a hundred different tribes building their own user base with a revenue stream and suddenly there is a huge buy pressure on hive. The guys doing the building are great on technical work but there has always been a missing link from a business perspective.
We have a great product here with thousands of people adding valuable content on a daily basis. We should be monetizing that content to add value to the community as right now we have a token with it's sole value being speculation that it will have value in the future.
It probably will but not without getting the price high enough to attract more users and developers. We are wasting a brilliant revenue stream that other sites would love to have.
Dude... are you me from another earth?! Not kidding, this is what I've been saying for nearly 1 year now! Exactly the same things, word for word, the same thing about buying HIVE to stake to incentivize the people to come to that frontend, I have the same exact opinion about Tribes, even talked with some of the tribes in here to get a frontend with ads up (mainly the BATTLE tribe, which I think I may have gotten through to them). Said the same thing about the "guys doing the building", they are smart but seem to have zero knowledge about improving the value of the token, WTF...
The number of times I've tried to have this convo and make people realize that we need ads and ended up making no progress on this debate actually made me doubt my intelligence, maybe people were seeing something that I wasn't seeing.
The first person who made me realize I was thinking correctly was @khaleelkazi when he did LeoFinance and put ads up that burned the token and the price sustained itself really well! Now you say the exact same thing! Faith in my intelligence restored!
If we can get this ad business right, Hive can be top 20 by the end of this next bull market and sustain the price there even through the bear market... damn, I don't think we will even have a bear market on Hive, ad revenue has no bear market!
I do wonder if LeoFinance starts having lots of cashflow through ad revenue if @khaleelkazi is thinking about buying some HIVE to stake on leo.voter... it would help with user incentivization, it would help with HIVE token price thus helping the witnesses with the costs of running the nodes and bringing more users to HIVE, it would help if users required resources in busy times to post, etc...
Posted Using LeoFinance
Don't worry, your the smart one. I work in business and look at that side of the coin more than the people that work in tech. Each to their own.
I'm going to keep trying to push the conversation and think that every tribe should be showing ads for revenue. I would love to see 50/50 hive/native token buy but as long as there is external money flowing into the system it's a start.
@leofinance will lay out the groundwork for other tribes to follow so that new people coming to the system will pretty much be able to copy and paste a community front end with monetization. I'm fairly sure that @aggroed mentioned that as being the end goal for tribes at one stage.
I would love to do the same with my community in the future. What better incentive to create and maintain a strong community than being able to monetize that content.
Posted this from my thoughts today and try to get more conversation started with a couple of the witnesses.
https://peakd.com/hive-177032/@niallon11/why-don-t-we-like-money