I think some of my posts are overvalued and some undervalued
I always tell people, "Never sell yourself short." Even with book and music sales, the creator never knows how well or how poorly the product will sell. I don't think people expected to go viral with cat videos. Someone else comes along and pumps all kinds of money into producing a documentary; 2000 views. Some movies even get hyped up for weeks and come out losing money, then you get a Blair Witch low budget production that turns out to be worth millions. It's a funny business.
We don't have a lot of content creators that can thrive on other platforms.
We do though. And even in the past, over the years. Plenty of talent. Look how well some of the artists are doing with NFTs elsewhere. Some are making thousands per unit, hundreds. And some struggle but that's life.
I'm most likely looking at the wrong market when I made that statement. Cryptoart is in its own genre away from the mainstream types I want to get into. You're right about having content creators can do well on Hive in regards to that content.
This place is all just a hobby that I can potentially earn from and maybe that's the reason why I still fail at investing my time here properly. I think that buying your own stake rather than having it freely upvoted to you gives you a sense of empowerment and will to keep the value higher than when you bought it. I see a lot of potential for this platform and the tokens that come along with it. But this is all just hobby that I can potentially earn from and not a lifeline.
What do you think Hive is missing that makes it fall short on other tokens? I think this place is undervalued for what it potentially can do. I don't really care much whether the price is goes up or down, I'm just happy this one is relatively stable that it gives me enough time to buy more and accumulate.
Half of my stake was purchased, the other half earned. It's good to have some skin in the game. The content generates value, half that goes to consumers, but I can earn some back being a consumer.
We don't need to be attached to the hip with the crypto market. Hive offers an actual product and that product often generates revenue from consumers. This platform doesn't focus on attracting dedicated consumers, or their disposable income. You see all that money exchanging hands on other platforms. People love throwing their money away to support content now. If they did the same thing but staked Hive instead, their money goes a lot further, plus they can even have it back and then some if they decide this isn't for them. That's incredibly disruptive in the entertainment industry if you think about it. So rather than focusing on the crypto crowd for investment, I always point out that other, much larger market, driven by consumers. They need a good product to buy or support though, which is why I suggest people here break free of their shackles and really make their content pop.
It's missing those consumers constantly purchasing and driving the token value up consistently, even during market crashes. The lack of dedicated consumers is obvious when one publishes their work and doesn't get any visitors. Content creators can't play both roles forever. With dedicated consumers being attracted to the platform, the money coming in the door and being locked in far outweighs the potential money that can leave.
It tries but falls short on so many levels. There isn't a lot of benefits for a common person to get interested. If social media was the selling point, there are far more better alternatives out there than here. I'd feel safer having my information stored on those social media platforms where I have the option to at least hide some of my info compared to sharing it on a blockchain where the general public has access to.
If it's the low development costs for dapps, it's a niche market but it's a start. If it's anti-censorship, well that could work but your voice is supposed to be on a place with high traffic and Hive has yet to gain popularity from outside site views. This place has a lot of potential but it's mostly potential unrealized. We do have a product but it's not competitive enough. I'm waiting for that 2nd layer because it's the only sensible route I could think of for this place to survive.
We need more content creators that can drive traffic here. I agree with that. What I also want to see is having downvotes used for content that's half assed and just thrives on mercy. Poorly drawn content, poor video editing, the idea that these posts get rewarded may discourage early users to strive and think it's the benchmark or norm of the place. I would want to see a user post crap content because it's the best they can do for now and then grow as they go along doing the things they love and get a lot of support because of that dedicated growth.
But it's been a pet peeve of mine to see stagnating content creators that don't engage and are secured with upvotes that they just repeat the same type of content no better than the previous. I want this place to succeed not because of monetary value alone but because I've invested my time on contributing what I can for it. I guess that's selfish motive.
Social media should most definitely NOT be the selling point. 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? Like I said in the post, content platforms and social media are two completely different things. This place functions much like Youtube, except we have games, articles, multi-media, all this weird investing shit, etc. All of those things, people already pay money for, but when they do that anywhere else, they have no chance of getting it back or getting a return of any kind. So yes, there are consumer incentives, but they're not going to buy shit posts or total amateurs mumbling in front of cameras either.
That second layer tokenized community solution won't work if all we see are several similar mini content dumping grounds. Those will be highly dependent on consumer money, so they need to be like online magazines. 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.
It is unfortunate some super junky content here earns. I disagree with downvoting it though. Just don't support it. Some people like strange things though. We can't all agree on what's good so no sense in trying. That's why I said good enough content in the post.
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. The first one to actually give a fuck and make it shine for consumers will make all the other ones obsolete. Without consumers, they're going out of business soon anyway.
I want this place to succeed seemingly more than most, at times.
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.
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.
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.