This approach assumes that people speculating on HBD or profiting on the new APR would contribute to anything long term. Quick liquidity? Sure. Volatility? Maybe. Quite a few new signups? For sure! But will they ever become active users and if they do...will they share anything to HIVE other than speculation on their investments?
I think the money will come with the active userbase. A website where people mostly talk about crypto, lots of text, that's not attractive to the larger crowds these days. Let's make an interface for reels on a loop too...
Instead of raising the APR for HBD, if more active "regular" users is the goal, let's assign 1% of the pool to external marketing or create a proposal for funding. Let's buy a few endorsements from Cameo, get a few celebrities saying they signed up. Get people in here to actually use the network and its many tools, then the money will come, then speculators will come. Offer something exclusively to speculators and that's what you will get, they will bail the minute someone else offers 21%.
I hope I'm wrong.
I disagree, this makes Hive competitive to the biggest projects in the Defi space. Granted we need to work on our onboarding, but this gives us something to talk about.
We already have funds for marketing (DHF), we just have to use them on good ideas.
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I was not aware DHF could be used for marketing, thanks.
Part of me just feels like HIVE is too good already, at this point, with everything we have...I mean we have the holy grail of crypto, we have recurring payments!! You're making money with basically everything here, you're getting paid to give money away... there are tokens, it's open-source, seems like there's even NFTs, and this thing has been running for 5+ years so it has been tested. So many lives have been changed by HIVE, what is going on? I don't think the offer is the problem, no one else offers that much, no one can get a non-crypto user onboarded as smoothly, it's hard to even get a transaction confirmed as quickly as it happens on HIVE. Crypto-wise it's simply a masterpiece.
If anyone reads this and wants to help with a marketing proposal for Cameo, please, help me bring this idea forward to get funding for it, help me negotiate with the celebrities, the tools to connect with and hire those influencers already exist. Most people aren't like you!! Most people don't take risks with things they are unfamiliar with, most people just follow...
This has nothing to do with speculators. This is actually the opposite. It is part of fixed income market. It caters to a completely set of investors, or at least investment dollars.
Thus, risk/reward has to be taken into account. Will some jump a the chance for another percent? Sure. But at what risk?
HBD is one of the lowest risk opportunities out there.
It is:
If people are willing to increase their risk, then they can hunt for greater yield.
Plus, another thing to keep in mind is this is moving in the direction of collateralization. When it comes to that area, the risk factors I mentioned are vital.
This is helping to open up an entirely new opportunity for Hive. Accessing these two markets, fixed income and collateralization, could move things in ways few on here can even comprehend. We are talking in trillions when referring to those markets, not millions or even billions.
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