You are viewing a single comment's thread from:

RE: Is hive ready for primetime?

in #hive6 days ago

I used to follow Atheist Republic. They posted all their videos here, but didn't really engage. Maybe that put people off them, but having their content on Hive was an asset. The fact is that some whales here will use their power to drive people away for whatever reason. You cannot generalise about them though.

to help her deal with a troll. Hive does not have the protections of centralised platforms, but it has some ways to deal with that sort of thing.I looked up @cryptofinally and @blocktrades tried

I just watched this guy talking about how little he makes from his videos elsewhere even with millions of followers. That is largely down to having to pay to use copyright music, but Hive could pay better if it had those numbers.

I've been here almost since the start and seen so many promising people give up on it. I think some just went where the biggest audience was. We have the chicken/egg situation of not having the audience for 'influencers' and not having the content to attract more consumers.

We do have !BEER though!

Sort:  

This guy is a monster. (awesome to have him here) But, I insist. We are not ready for primetime just yet.

What will it take? Some of us have been waiting for years. The whales will not go away, but they stand to profit if Hive does take off.

Meanwhile we should be supporting those creators who are putting real quality content here and then news may spread that there is an alternative. We have to welcome cool people. There are some people I follow who literally only get comments from me.

The lack of a decentralized, second layer smart contract system has put strain on the base layer token to serve multiple roles across the Hive ecosystem and the result is what we see today. Specifically, the only thing that everyone can consistently agree should be rewarded is long form blog and video content. Since the average content creator isn't interested in that, they come and go. Since the average person isn't here, there isn't much of a reason for the influencers to be here either if they are still getting paid with web 2 platforms and so the cycle continues.

Once we can get a healthy layer 2 system, that will ease up things a bit by giving communities the flexibility to run things the way they want to run it. Content might still get downvoted on the base layer, but the content creator might not care about that or even see that if it isn't visible on that communities front end. As long as the creator has enough resource credits, that's all they might care about. That opens up short form content, which is what most people want.

We have been waiting a long time, but I think we are much closer to having a scalable version than we were a few years ago. With VSC being released this month and the multi-signature improvements that the Hive developers are working on putting into one of the next hard forks, I think we are close. I am optimistic that we are close to exponential takeoff, even though right now it seems epically slow.

I'm not against short form and I vote on plenty of Snaps. We do need a mix of content for all tastes, but I can still enjoy reading and writing blogs. The big accounts ought not to drive people away just because it's not the sort of thing they like. We need a bigger 'middle class' to spread the votes.

'Layer 2' may help, but many people won't understand that.

I've been here a long time and I do get frustrated by our lack of progress. I'm still having fun though.

I have heard others say this, but I can’t remember who (probably taskmaster at some point), but I think when Hive the base layer becomes the Amazon Web Services for a variety of layer 2 applications, that’s when we will take off. In other words, users won’t need to know how to navigate both layer 1 and layer 2 applications because layer 1 will be so far in the background, they won’t need to directly interact with it. They will just interact with the layer 2, kind of like splinterlands has been doing. Hive will just be the security and gas token.

I don't fully get how that would all work, but with so few people really active here we need to solve the issues of getting people to join and stay active. People need reasons to stick around and it won't just be down to one thing.

we don't need whales to go away. we need radical cultural shift for the good.

We have to increase the size of the pie, not worry about who gets a slice.

Personal biases aside.

"...they stand to profit if Hive does take off."

Not so much, really. If Hive was to attract investor attention we have the example of Steem to reveal what will happen. Hive is a pure plutocracy. The majority of staked Hive chooses which witnesses will run code, and the code run by witnesses determines everything. There are many fortunes that could purchase the entire market cap of Hive with lunch money.

The Big Fish in our little pond are minnows in comparison to the sharks out there in the big wide world, and only the stench of Hive's poor reputation and dismal financial performance prevents some shark from shining like another Sun on Hive, which would dislodge all the current oligarchy on Hive from their lock on governance. They have a steady income from maintaining their lock on governance and mining the inflation issuing from the rewards pool. Even if Hive tokens mooned to $10, their capital gains would require them to sell their stake to receive that increase.

You only lose, or profit, from the sale.

I know Hive is a minor player in the scheme of things with the biggest players dealing with 'just' a few $million, but that may be significant for some of them. I'm just playing with it, but I still get projects asking for my proposal vote.

Hive is a pure plutocracy

Maybe not that pure.

Hive is imperfect, but still has potential and it makes a difference for a lot of people. I'm not giving up on it.

"Maybe not that pure."

Nothing but stake determines whose votes for witnesses prevail. I am unable to conceive of a more purely plutocratic method of governance, but that doesn't mean much because I am not very politically competent.

I am here too. Hive has all the structural components of a voluntarist government, and more. All that is preventing Hive from becoming an entirely voluntarist government is that more - the plutocratic control of witnesses, DV's, and the lack of political will. Curation rewards are unnecessary, but that is less about governance than content quality and ROI being more predictable and easy for substantial stakes to attain via HBD savings.

I'm not holding my breath for these changes. In fact I bloviate far too often recommending them instead, but hope springs eternal. It remains possible that BT, Smooth, GTG, and the rest can adopt these changes any time they want and usher in the future of freedom.

I wouldn't hold my breath waiting for such fundamental changes. I always say that Hive is imperfect, but that doesn't mean it's not better than a lot of alternatives where you rely on a single company for everything.

If we are not relying on stake then what is the alternative?

We have a mix of witnesses and some really disagree with others. That seems healthy to me.

Healthy disagreement is fine. It won't matter when a big enough shark shows us, as Sun Yuchen did, again what pure plutocracy is.

"If we are not relying on stake then what is the alternative?"

Human society has myriad values, and clearly economics is very important. However, finance isn't the same thing as economic. Money isn't wealth. A lot of things we can buy with money are wealth, and some of them are life itself, but that money is just a mechanism to facilitate commerce, and isn't wealth itself. This entire aspect of society is poorly understood, as is obvious by the extraordinary dysfunctionality of the global economy, and the many economic substructures that contribute to it, right down to our personal finances.

There is a lot very wrong with financialization, and no one both rational and honest denies that.

A great many values people have far exceed the worth of money to them. Mike Tyson said that his promoter, Don King, would sell his mother for a dollar. Clearly Tyson correctly observed that was not a rational thing to do, and almost no one would enslave their dear mother for such a paltry sum. Some of us wouldn't do it for any price at all, in fact. Our loved ones, our food, air, and water, and much else, is far more valuable than mere money, and the stake-weighting mechanism is an attempt to use money as a metric by which all these values are incorporated. However, some psychopaths just don't have the ability to even conceive of other people as human beings with rights and value like themselves, but only see objects they can manipulate to gain wealth they want. When such psychopaths have high IQ and gain fortunes, woe betide the people that are subject to their rule.

Several of the people I have talked to on Hive with substantial stake deeply discount other values, and don't much care about people, society, or things besides their personal wealth and power. This is predictable, because people that only value themselves and their wealth will act on that value system accordingly and ignore everything but gaining wealth. Financial wealth is not society. People are society. Financial wealth is not the only value people have, and restricting political power to financial wealth is going to favor people that care only about money, while deprecating all other human values, such as mothers, love, and affection that are utterly fundamental to society.

If Hive is to be a society of people, we are going to have to interject those other values into governance of Hive, because failing to do so will favor psychopaths that actually have no other values than their own wealth and power. Even if none of the oligarchy of Hive are currently psychopaths, which I cannot ascertain by any stretch of the imagination, eventually their other values besides wealth and power will leave them unable to outcompete psychopaths that have no other values and have more financial power. We need other metrics of value than money, or money is going to be the only value Hive has. I am confident that AI is more competent to amass Hive tokens than most people, and eventually Hive will become little more than bots competing for the rewards pool.

We need to prevent that, or be resigned to eventually abandoning Hive as incapable of human society and being nothing more than a game played by psychopaths running bots.

I am not The Guru to correctly balance the values of human society, code up a governance mechanism, and forcibly impose it on Hive. Those are things we are going to have to discuss and hopefully come to agreement about, manage to get coded, and convince whales that is what is necessary - or abandon Hive they have the stake to control regardless of our whinging - until it collapses or is taken from them by someone with more money, as was Steem.


Your comment is upvoted by @topcomment

Info - Support - Discord

image.png
Curated by friendlymoose