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RE: Alt Coins An Extension Of Hustle Culture

in LeoFinance3 years ago

What is a "bas thing" is that these platforms are ALREADY there and wildly successful! The business model is very hard to pull through, it's not like you are selling oil. There's probably not enough money in this business for 2 successful platforms. How do you out -compete Medium or Quora with their business model, on their turf, at their own game ?

That this experiment is not as successful as it could have been is a fact. But that doesn't mean the any and all explanations are equally good.

You seem to think that "someone" (who ? this is a decentralized, leaderless platform that strongly rejects leadership) should start doing things to bring it more in line with existing platform by monetizing visits and views (how? you need to steal user data like Facebook and Google do, otherwise your ad rates will be very low) and then with that ad money pay for the infrastructure (witnesses), pay for development, pay for marketing, pay the investors AND with what's left buu some BTC and distribute BTC tips to the writers ... it works on paper as long as you don't put actual figures down. It just doesn't add up.

Nobody is happy with the current state. That doesn't mean that there is an easy fix such as "just monetize visits and views and pay contributors with BTC"

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So you shot down my solution, what’s your solution?

I like that reply ! 😄
There is one thing which is highly relevant un what you wrote: "work with brands". True! No matter whether for advertising or for having buyers of hive, "work with brands/companies" is central. But who could do that, in practice?

Who could contact a company / a brand on behalf of Hive and say "Look, I represent this distributed text platform, we generate traffic and views, come work with us - either by placing ads or by buying our token to use it as loyalty points or whatever"

The answer is ... NO ONE ! This is a major drawback of "decentralization " - there is no leader, no one feels empowered to make decisions on behalf of the others, on behalf of the platform. No one is in charge. No one is responsible of drawing up a plan and then following through.

Failing that, then what?

I see no silver bullet. It will be a grind

It can be "grassroots" - starting small like Bitcoin did, having regular dolphins and orcas use the platform as their backend and investing small amounts.

Or it could be a bigger brand who by chance discovers the power of this platform and decides to try ot out and ends up making it work for them.

None of us are expected to come, all by ourselves, with a solution on behalf of the community. It's "decentralized ". None of us can, all by ourselves. We can be a part of a solution, but the solution, if it ever materialises, will involve a lot of luck and "aligned stars"

So basically you have no solution

No, I don't, indeed.

I'm also convinced it's better to be prudent and admit you don't have a solution (with the right benefit/risk ratio) than to invest time, effort, money in an insufficiently well thought out one that proves, after all the time and the money spent, to be worse than the intial situation.

I for one am sure I would not have written so much without steem / hive and the guys which started steem would not have been able to do so without the token and its market value. We do have something unique here. It could be better? Certainly! Could it be worse? Absolutely, it could simply disappear if it became economically unsustainable