TBH, when I saw this on Twitter, I thought: "Oh no, here we go, another "Let me explain" post of which there have been SOOO many!" but I must admit I did like the simplistic way you explained the reward pool AND I really like the "Don't Beg" advice too. Looking forward to Part 2
Enjoy
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I'm going to go off on a bit of a tangent here, so I apologise in advance haha....
...but the 7 day Hive rewards window is actually what encourages this to happen.
It incentivises low quality, duplicate content rather than focusing on building out evergreen content.
The blockchain actually pays people to just regurgitate the same crap that lasts a day and then is never seen or heard from again.
Super frustrating.
I'm trying to buck the trend and my focus is purely to rank leofinance.io articles on Google to drive ongoing traffic to old posts.
Create and rank long-form articles for popular Hive related search terms that new people can find and gain ongoing value from.
Long past the 7 day rewards window.
See how we go :)
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See, this is what I keep banging on about when it comes to Hive, so thanks for confirming I'm not going insane or wrong: "Am I the only one who can see it; or, more importantly, the only one that cares?" I call it Pulp Fiction, whereby any old rubbish will do so long as it earns a few cents. I see so many people latching on to what someone else is doing not because they want to be a part of it but because they see how much is being earned and think "I want some of that." For a short while I was doing daily Good Morning posts until someone latched on to that and did the same but changed it slightly by adding the day to the Good Morning title. Totally lazy and parasitical IMO. Still, what are you gonna do? Hive is like the Wild West as keep being reminded. 🤷♂️
I think the same goes for commenting. While people have become savvier about comments, and we don't see some of the rubbish we used to see on STEEM, such as "Great Post!", "Thanks for this." and my all-time favourite "I upvoted this." there's a heck of a lot of pressure to comment being promoted lately to encourage engagement. That's fine but let's not encourage nonsense across the board, pretty please. 😊
I know it's ironic saying this in a 'how to make money blogging' post, but it's important to remember that from a technical point of view, the reward pool mechanism is designed by the blockchain purely to spread Hive's governance tokens as far and wide as possible.
Going forward, I see it as the job of layer-2 tokens and the various private front-ends to ensure the cream rises to the top and spam is not even shown.
We can already see this in action on the LeoFinance front-end with their slightly different ways of prioritising content and ensuring that evergreen content is manually curated into a 'featured' section at the top.
Even more exciting, they're going to start paying ad revenue back to LEO token stakers - Thus encouraging authors with a stake to focus on quality evergreen content that Google will rank because it will ultimately mean their ad revenue payouts are increased.
There are so many different ways that front-ends can incentivise quality and we're barely scratching the surface.
I'm still extremely optimistic about the blogging aspect of Hive :)
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Some of those can get a bit over the top. However when they are concise, it is helpful. People need to understand the basics.
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