While i love the concept a lot and i love the platform, i love the new paradigm, love decentralized part of it, love the community that sticks around i think the system and gamification through financial reward in general is broken.
You can argue or preach speeches but the number remain more or less the same through many years, even the names in the tables above i know for more than three years. A bunch of nice folk indeed, but no fresh blood.
If you are really interested it's my take why things are the way they are, since there was a rhetorical question WHY?
The rewards will never be enough to motivate creation of quality content on a bigger scale, hence if this being the only driver of engagement it will not scale well. The rich will get richer and the rest will try to please them for a treat. And this is wrong, consequently...
As it was stated in the comments already finally it will turn into plutocracy where you'll have to spend your time to say nice things to people you want to get a treat from. I'm sorry but there is no way around it and honest discussion with salt of criticism will get you a downvote instead of an upvote 99 time of 100.
.Sense of unfairness is still there and i bet smaller fish feels it much more than the others, while i get the concept of engagement and i like it organically, but if i am supposed to make myself to engage on boring posts for my content to be discovered and possibly upvoted.... cmon guys :)
Since i do not like people that are only criticizing and not offering possible solutions (not necessarily working ones, but at least ideas) here is my resume:
Hive token needs dapps that would give it utility. Let's say some photography dapp would let you to pay a part of camera price with hive at a very good discount through a partnership. Events dapp would offer unsold concert ticket's to be sold with Hive, that way businesses would get at least something instead of nothing, and would gain influence on a platform by advertising future events with the cost of unsold tickets. There are more drastic ways to improve the blockchain rewards mechanism itself, but it's not worth mentioning since that would mean diminishing power of big boys club.
So while hive paradigm is very interesting and requires further research and experimentation it will work in some instances better than the others. As for blogging it always will spin around the few bigger fish and not so
much around the content.
But so it does in nature... maybe we aren't meant to brake the loop :)
Still i find it interesting, vibrant small community that will hardly ever scale to IG, FB or even reddit level.... unless somebody comes with an ingenious dapp that will utilize inherently flawed reward distribution mechanism in some clever way. It could have been SMT's...
I am waiting for that day.
Fair enough on the three points. I'm not wanting people to sell their soul, but was expecting to see a little more Minnow drive.
You and me both, and I think SMT will appear this year...
Me too... also it's a bit tricky to judge on a sheer number of comments, character count may reveal a different story or it may not. Most of my comments are far more lengthy and in depth than majority of my post, due to the nature of content i am creating. So... statistics is not always showing a full picture.
On the other hand, there might be underlying reasons why we have such numbers. Maybe such interaction is not interesting enough, or... not worth time and effort... or just patterns how different account types engage with the content. We can not deny that bigger accounts have much more incentive for a platform to grow and Hive token price to appreciate in value, hence, more commitment.
My main message always was that we can not create a certain set of rules that initiate some certain activity pattern, and then preach the same people to act differently and try to convince them to do something they do not enjoy
While there is certain number of people that like it just the way it is, maybe even myself included, it does not mean that platform will suddenly start booming or scaling up just because we'd like that to happen if we do not change the core rules how it is incentivising people to act.
From simple rules, complex systems are born. And frankly, exSteem or Hive rules are not that simple and has quite a steep learning curve.
And also... what i have probably skipped in my original comment. Posts here have a very clear rewards ceiling (ok Hive goes to the moon, long term commitment, or it may never go to the moon). For now creating original content just for Hive is not very efficient. While let's say on YT you have a clear formula you put X amount of time into content creation then you multiply it by Y (quality) and given enough persistence you could be making 6 figures in two to three years. It's very simple and clear to grasp. While our case is quite a different story.
I agree that comment count isn't the best indicator and maybe they would be different when ordered by text output - neither defines 'interesting' though.
Regarding YT and Hive rewards ceiling, I think because the pool is shared this will always be the case. Things would look better with 2/3$ Hive, but I'm not sure how likely that is, at least in the near term.
Absolutely. I agree with every word you are saying.
On one hand financial incentive makes Hive, on the other hand it breaks it. It might be a very nice addition if there was a nice dapp that would get organic traction and Hive would be incorporated in it's core to provide some utility.
That utility in turn might increase demand a bit, a lot or by huge margin hence increasing the price at the same time. But it will only happen if let's say the dapp has huge traction and allows you to advertise using Hive token in a meaningful way and extend the reach of your brand my a lot.
IF in such case 1 Hive could generate you 10 000 unique impressions the value would correlate directly with that fiat cost of such exposure increasing price of Hive token. It's not rocket science, but for that we must have a dapp that would get organic traction and for that it must feel fair and very fun to use.
Yeah, It does feel like a double-edged sword at times. I hear rumblings that we shouldn't promote the monetary aspect of Hive in on-boarding efforts, and while I understand why, this aspect is also one of the best features.
I'm wondering (back to SMT again) that dapp/advertising will come via other tokens. An investment from Nike could be in HP to get the ball rolling, but also more heavily into a SPORTS token where they could have a major say in what is highlighted within that niche.
Agreed, and contiunally hopefully this will come :)
I share the same view, so i guess we have to wait for SMT's to roll out on Hive and see what dev community will build utility wise.