Who the hell would pay money for a Tweet? Or one of the millions of selfies taken daily? What kind of perv even browses selfies like merchandise?
So yes, there are consumer incentives, but they're not going to buy shit posts or total amateurs mumbling in front of cameras either.
OnlyFans came up when I read this. But people have been known to be irrational. I know some simps on the platform that don't mind looking at their APR if they curate a selfie.
If there are thousands of these things and thousands of tokens, you'll never find enough crypto investors to support it all. It has to be solid work people will support.
Agreed, not only content but pegging it to real world merchandise and services from other external sources. Most tokens are shitcoins anyway. If everyone had the capacity to create their own token, it would still require some entrepreneurial skills to market and sustain the value of the token. Content creators would have to step up their game into the business mindset for further growth. It's that or they can just delegate the task to someone else.
Look at all of these content meets crypto platforms. Some folks use over twenty and just treat them like dumping grounds; scrape whatever pennies they can off the floor, rinse and repeat. That's the culture developing.
This. I think some other platforms have a minimum amount of withdrawal for you to take even a small amount of pennies so this just locks in users for a while hoping for a word of mouth marketing. But it's already a given that any content focused platform would only have less than 20% content creators actually bringing in the money while the rest are just meh or getting to the 20% crowd (Parreto Principle) at some point.
I'd say an established big name personality with a fanbase that buys anything they put out could be successful working with their own token. It would be difficult to start from scratch, especially if the base layer Hive gets stripped of its functionalities. I'm not really sure how much thought the crypto crowd developers and witnesses have put into this. Putting it bluntly, I don't think any of them truly know much about the entertainment industry. Not many independent content creators do either though. Everything is on autopilot for them. But they get ripped off hard. Youtube takes 45% ad revenue and 30% from direct payments. Every platform has a middleman like that. If they did have a good mind for business and actually looked into what can be accomplished here by removing the middleman, I'm sure they'd be interested. And if consumers found out they're being ripped off and there's a far better deal on the table here, they'd take it.
There would still be middleman services if content creators on Hive still want to function on autopilot. Even the referral programs have a cut on your posts if you don't double check the post reward beneficiaries. And the market can be competitive enough to make it less of a hassle to process part of the work content creators need to put out like apps for their business. If there's a market, there's always going to be a middleman but content creators that get their business smarts right could do away with all that.
Yeah, Hive is like that sleeper token that just needs a few more influencers to make it more visible. This was a fun chat, probably the most lengthy comment responses I got since I started blogging on Hive again.
Sure there will be opportunists creating a problem and offering a solution for a fee. Plus there's a sucker born every minute.
I disagree with the influencer part. All they ever do is bring in the crowd looking for a free lunch. They don't explain business.
LOL! Welcome to my comment section.