I've tried to push this with blocktrades and some of the other witnesses that we are missing out on a huge source of value to the HIVE token through discreet and simple ads.
I've tried to do the same, even mentioned it to some of the witnesses... believe it or not, many actually laughed at me because "ads are bad"... the amount of money that we are leaving on the table that could be pumping the whole community in a cicle of ad revenue, token pump, more community members, more ad revenue, more token pump,etc...is enormous! Steemit inc had ads on steemit and they were actually getting all the ad revenue from our content and keeping 100% of it, while also dumping the tokens on us!
I've said this once and I'll say as many times as I need to say!
"Just because we are getting a token for writing doesn't mean that token has value! For the token to have value we need to generate value and store that value in it, the community creates lots of content, monetize that content the best way content is monetized on the internet AKA put ads on the frontends to generate value in the form of ad revenue and use the ad revenue to buy the freaking token and either burn it or stake it! Now the token has value!"
One of the few witnesses who I actually think knows a little about finance and how to generate value is @aggroed, the dude put ads on the tribes frontends(or at least I think it was him), thank god for that! Maybe now people will finally wake the fuck up and start seeing that without ads we are basically writing free content and getting a bunch of air-filled tokens that will just go down in value because there is no demand coming from monetization and inflation will keep increasing the supply.
Had to write this because I've been angry at this "no ads because ads are bad" mindset for literally 2 years, I can never make my friends write on Hive because they ask me "Where does the money come from" and I have to answer truthfully, which means, "The money comes from other people and not from the content being monetized", as soon as I say this(the truth) they don't want to come, and I understand them... it's the exact same reason that I haven't invested much on Hive... and just like me, there are many other people that don't invest in HIVE because of this!
Posted Using LeoFinance
If I had the ability to build it I would be making a front end for hive with a steady but discreet showing of ads on it. Like Leo.
I would use that ad revenue, half to buy hive from the market and build up a curation account for the front end to incentivise people to use it. Half to back a token to represent whatever that front end is for and allow people to earn freely from day 1.
That token can then be used to trade on the market. Buy perks for the site such as badges, status, promotion, merchandise. It would add value to both your own group of users and the eco-system itself. Then all you need are a hundred different tribes building their own user base with a revenue stream and suddenly there is a huge buy pressure on hive. The guys doing the building are great on technical work but there has always been a missing link from a business perspective.
We have a great product here with thousands of people adding valuable content on a daily basis. We should be monetizing that content to add value to the community as right now we have a token with it's sole value being speculation that it will have value in the future.
It probably will but not without getting the price high enough to attract more users and developers. We are wasting a brilliant revenue stream that other sites would love to have.
Dude... are you me from another earth?! Not kidding, this is what I've been saying for nearly 1 year now! Exactly the same things, word for word, the same thing about buying HIVE to stake to incentivize the people to come to that frontend, I have the same exact opinion about Tribes, even talked with some of the tribes in here to get a frontend with ads up (mainly the BATTLE tribe, which I think I may have gotten through to them). Said the same thing about the "guys doing the building", they are smart but seem to have zero knowledge about improving the value of the token, WTF...
The number of times I've tried to have this convo and make people realize that we need ads and ended up making no progress on this debate actually made me doubt my intelligence, maybe people were seeing something that I wasn't seeing.
The first person who made me realize I was thinking correctly was @khaleelkazi when he did LeoFinance and put ads up that burned the token and the price sustained itself really well! Now you say the exact same thing! Faith in my intelligence restored!
If we can get this ad business right, Hive can be top 20 by the end of this next bull market and sustain the price there even through the bear market... damn, I don't think we will even have a bear market on Hive, ad revenue has no bear market!
I do wonder if LeoFinance starts having lots of cashflow through ad revenue if @khaleelkazi is thinking about buying some HIVE to stake on leo.voter... it would help with user incentivization, it would help with HIVE token price thus helping the witnesses with the costs of running the nodes and bringing more users to HIVE, it would help if users required resources in busy times to post, etc...
Posted Using LeoFinance
Don't worry, your the smart one. I work in business and look at that side of the coin more than the people that work in tech. Each to their own.
I'm going to keep trying to push the conversation and think that every tribe should be showing ads for revenue. I would love to see 50/50 hive/native token buy but as long as there is external money flowing into the system it's a start.
@leofinance will lay out the groundwork for other tribes to follow so that new people coming to the system will pretty much be able to copy and paste a community front end with monetization. I'm fairly sure that @aggroed mentioned that as being the end goal for tribes at one stage.
I would love to do the same with my community in the future. What better incentive to create and maintain a strong community than being able to monetize that content.
Posted this from my thoughts today and try to get more conversation started with a couple of the witnesses.
https://peakd.com/hive-177032/@niallon11/why-don-t-we-like-money