That’s why making investors curators is a bad idea.
HIVE is a token being used by too many different roles and they eventually conflict.
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That’s why making investors curators is a bad idea.
HIVE is a token being used by too many different roles and they eventually conflict.
Consumers can be investors. It's not a bad idea at all. In a sense, that's how business usually works. You'd see far more interest in a tribe token for instance if the concept was sold to consumers. What investor would be disappointed with interest in the token they've invested in?
One can sell their product by technically charging nothing. That concept can be applied to any product and work just fine. And its funny to me because all people do is argue when I bring it up, instead of being able to understand what I'm trying to tell them, as it sits directly under their noses.
I think what most fail to understand is when you have a product like content such as videos, articles, games; you're not looking for crypto investors, you're looking for paying consumers who just happen to be using crypto, making them an indirect crypto investor, yet being an investor was never their goal. Attempting to convert or force consumers into being crypto investors, following that script, will spell disaster. Each individual in a community plays a role. The potential of each role should be realized and respected.
Anyway. Good talk, I guess.
It is good talk. And yes, consumers can be investors.
I guess when I'm thinking of investors, I was aiming at the ones who don't care to be consumers, but have overwhelming stake (not that it's a bad thing by default).
And trouble comes when they try to impose their agenda of profiteering because there aren't things built in place to mitigate certain ideas (bid bots come to mind).
I know PeakD has recurring transactions and 3Speak is going for the subscription model. When they are more fleshed out, I hope @lordbutterfly pitch those in as part of the marketing campaign.
They need a new role. I'll often call them 'promoters'. That's a sweet gig in life. They put things up in front of the consumer's eyes for the consumer to enjoy. I don't even like the term 'curator'. If I had my way I'd scrap that and just call it 'consumer rewards' since more people understand that. Even asked my kids and their social circle, "In general, do you know what a curator is?" In general, no, they don't. They're not interested in that concept either and the young crowd is important to reach. They totally get 'consumer rewards'. Even googling consumer rewards yields common knowledge while searching curation rewards just leads to some outdated nonsense about maximizing. Most people do not give a crap about that. They like the content they like and will consistently support it; should feel free to do so.
Bidbot are ridiculous. I got a kick out of how they used to try to sell the idea of "visibility" an the importance of the trending page. Then as soon as they were gone people were saying, "Trending is useless, we should just get rid of it." These days if you want visibility, simply promote the post and burn some tokens I guess. Seems to work fine for most.
Recurring transactions are cool but the concept of staking and voting/tipping over time is still a better deal to the consumer. Folks fail to realize that and just want to go back to the old ways of doing business since it's all they know. And I don't blame them either after being programmed for years to somehow think a vote is different than a tip or an auto vote is different than a subscription. It's all the same in my eyes. One is just a new way of doing business most don't grasp yet and a far better deal to the consumer; a consumer who wouldn't understand and would most likely feel more comfortable throwing their money away rather than making their money work for them. We could change the world and revolutionize the entertainment industry if we wanted. Not even kidding.
Instead people sound like robots and say, "No, it's allocating inflation." That's dull and boring. Much like how there's nothing special about a lambo. "All you're doing is allocating fuel to the engine."
I can definitely agree with the fact that the word choices have been poor and normal people are like "wut?".
Some rebranding would go a long way. Crypto likes to live in a bubble and speak its own language. This is Hive. Why are we still holding on to stuff from the old days?
Also it's worth mentioning, some of us creating content here aren't doing it as filler to mine rewards and build their stacks. Speaking for myself, I'm building a business, building a following/market/consumer base. So these talks of pulling the foundation out from under me, well, sorry but shit ain't going to fly. I like the fact my consumer base earns from my efforts. I like the fact I can reward them further in the comments. That's like giving them discounts on merchandise if I start selling NFTs or do something else with this brand like my own token and community down the road. Content creators are business people. I like everything about how I do business here but you can't do shit without a solid foundation.
I also like the fact the HIVE token gives those wishing to create a tokenized community a leg up/solid foundation to build from. Can you imagine starting from scratch? How much interest will there be in a community down the road that has to start from scratch, then deal with having a token value of $0.0001 with no added support or connections? I can't support LEO with POB and vice versa. Where will the investors come from to support all these communities that seemingly do business backwards, never do anything to attract consumers? HIVE token being universal is the glue holding everything together. It's needed. Stripping away its capabilities would affect everything down the line. And this community in its entirety can't depend on one or two success stories to carry it. The connection is important. Defi? What's that? Most people don't care. Splinterlands, people like it, but one wrong move from management could send it tumbling. Can't depend on single points of success in a decentralized world. Needs to always be something to fall back on in order to regroup or rebuild.
HIVE is the underlying token, but it's trying to be too much.
No other chain has decided that one single token serves as governance, currency, resources, tipping, etc. like Hive does. In my opinion, the multi-function/role of the token only served to complicate the system and create conflicts between users with different roles.
Far more complicating having to go through miles of red tape just to do one thing. Right now I have a pile of different tokens in my wallet, some I don't even know how they got there. Can't even use most of them as a consumer because I don't have time so they just sit. LEO is the only token I delegated away. They pay me to not browse their merchandise and use their product. This will only get worse. The next big thing, I already know in advance I'll have buyer's remorse almost instantly and not have the time to use the token as intended. Just look how many community tokens now are delegated away for easy profit while the product the token represents (community) barely gets used. Too many tokens, not enough people. I'm already lost each time I try to learn about SPK for instance. Wtf am I going to do with all these tokens? Am I even doing it right? Been here five years and things only became even more complicated. The simple act of trying to explain what's happening here to a noob takes hours and all it does is confuse them. So that's what's happening on the other side of the spectrum where there's a token for every little thing. Total consumer nightmare.