You are viewing a single comment's thread from:

RE: The Future of Hive

in #waivio4 years ago

Here on Hive we have a very advanced and generally speaking fair distribution system for rewards. But this is only one half of the equation.

If we increase the user base at this stage, the only thing which will happen - the price of HIVE will dive even further.

But there is the second part which is being born as we speak. Allowing companies to bid for attention of users, by posting rewards offers directly on the blockchain. Hive frontends can personalize these deals for users based on their eligibility and receive processing commissions for brokering these transactions.

Hive open blockchain has a lot of user data that can be used for targeting. For example, your profile has an Expertise section (https://www.waivio.com/@lordbutterfly/expertise) which shows how important are different topics for you (based on your history of author and curation rewards). Each offer can have different eligibility parameters listed.

In order for the user to submit a qualifying post/comment/json to the blockchain, they must use their keys, thus providing a confirmation, that particular action was done by that specific user.

This way companies can be certain that it was the targeted user, who actually posted/confirmed an action. But at the same time attention trading process gives users full control over selling their own attention and makes them the main beneficiaries in that process.

It is no longer done through intrusive advertising, but rather through voluntary engagement be the user with direct action-based offers from companies, which are aggregated in the Rewards section of the site. User may chose to browse them at their convenience, follow some sponsors, ignore others, set thresholds for rewards, etc.

Attention trading works well in a distributed environment. And now, growth in user numbers will not longer lead to the drop in the price of HIVE, but instead will create a positive demand for HIVE from companies, which buy tokens in order to reward users.

This way users receive payments besides inflationary rewards. Some users will cash out these rewards. But as long as some users will still keep earned HIVE in the system, the overall balance will be positive. This is a very powerful driver for the price of HIVE.

These two parts of the system will work as a perfect tandem with the price of HIVE balancing inflows and outflows from that system.