As a whale, why are you not funding any idea on Hive?
I doubt even half the whales in this space will get to see this but here we go.
Why are you not funding any ideas on Hive? Why are you not organizing contests that form structures that cause recurring value flow? If I so much dare to say, are you careless with your investments or you simply want to "play the rich bastard card" where you leveraged on your wealth(as an influence train) to cause the little accounts(in this case the poor ones) to work their asses off to bring more value to you without you spending a penny when you actually have the resources to do so?
To the smaller accounts reading this, I want you all to know that nobody is Lord over you in this place, don't let your desires to earn cloud your eyes from seeing that you're actually the one giving away more value by spending your time here and you deserve to be rewarded - respectfully at that.
Thanks gracious I would consider myself a fairly compensated creator looking at what I bring to the table least someone thinks I'm making noises because I lack support - I actually don't and that can be seen on-chain but it is really disturbing that we have so many people with resources here that could do more move this chain forward and all they care about is debating over a reward pool that I will once again point out that its pennies compared to money flowing through centralized media, you know why?
Because the currency of the ecosystem has zero economically sound infrastructure, there's nothing feeding value into it, nothing.
Now note that I'm not asking you to give away your wealth to build Hive, but incentivize what does more and also to bring them yourself.
Do you realize that if every user had to pay let's say $3 a month to be eligible to earn and would be paid by view counts and with each of these pages containing sponsored content like ad banners that Hive would be much more successful?
Seriously tho? Who cares about a privacy chat? Who cares about an open source micro blog ? Who cares? And the other things? The one thing that brings people here cannot even be acquired when people do get here.
Do I really have to be bullied for earning a few $30 consistently as a punishment for "owning my account?"
This seems to be the narrative here, the whole you own your account here bla bla bla that nobody can censor you but frontends can actually censor you, and then the second narrative will be that you can create your own frontend if that happened, shit if I needed that wouldn't I have bought a domain and created a damn website rather than come here?
There's so much more value in being a YouTuber than being a hiver right now despite YouTube being a centralized and controlling space. I mean, we all are aware that 2 months of success on Youtube can offset all the years of hard work, but is that the same on Hive?
YouTube needs hard work
Hive needs asslicking - for those who do it, I'm sure it ain't easy tho, it's hard work but not honest work and still, YouTube is more rewarding, medium also is more rewarding and both are very resourceful spaces, how many times have people come out to speak bad about medium?
On Hive everybody feels entitled when sometimes they themselves are not offering anything of value. How old is taskmaster on this chain for example?
Here's been making lots of posts about the potentials of hive, which of them have been largely built on? I know that recently he's been saying some are being looked at - well good, it's about time, but can someone explain the downvotes on his posts recently?
He may be silent about it because of his status but well heck, he's not me and I personally don't keep shut when I see shits around. It makes no sense that you invest so much in a place and can't even get the respect you deserve, that's madness.
His content I'd say has had a retention effect on many, I believe I have personally had to look at some of things he says and tailor my thoughts about Hive similarly.
Now back to the topic of whales on Hive
Dear whales this is an open letter that I hope something valuable will come out of. I might have used some words that are not very respectful but truthfully, it's not from an angle of triggered emotions or desires to disrespect any but mostly because we have to be open about the truth and this is literally for your own benefits as a more invested individual.
The DHF is a good addition to Hive but we all know not everyone can access the funds there and that not being the only case, some people might have great ideas but are just afraid to speak up about them.
It makes no sense for you to be a whale and not be present here and seek things that will actually bring value, it makes absolutely no sense, you should be the one motivating the smaller accounts to take bold steps but some of you do nothing and others just go around bullying, sure, you call it cleaning up the space from exploiters but have you ever wondered why they can exploit in the first place?
The structures are not sound, if the majority of the value flowing came from variable milestones like page views, inflation rewards would definitely be pennies to even have to bully anyone eating from it(the leftovers in this case).
Do you not realize that if the creators left you'd have no means of regenerating income? Unless you'd start writing and voting yourselves so what would that prove?
I believe it would show that it is yourselves and your income you care about not the entire chain or community, they never mattered because if they did, you'd appreciate them more by being more involved, bringing ideas that not only rewards you but them as well, and not the ones that only exploits the users time in exchange for pennies that they sooner get attacked over it.
I hope the message reaches all of you well, don't be a boring whale.
I won't end this without appreciating the whales that are putting in the efforts to build something of value here, you have my respect.
I am Nerly(@malopie here) and I'm currently building a finance, crypto and technology resource hub at https://icoverage.io with a focus to host coverages of the industry at wide, that is, including Hive where it was ignored.
That said, it isn't that easy to promote what ends up demoting itself, plus asides Splinterlands and Leofinance(given the recent developments) nothing else seems marketable.
If there's any one however that I'm not aware of, do well to leave a comment and I'll check it out.
I consider this a toxic post containing untruths. "Zero economically sound infrastructure. Nothing feeding value into it"? That's a reprehensible lie. Shame on you
I'm sorry you see it that way, it's just a raw truth, what's Hive's tokenomics? Does it have one?
When I say zero economically sound infrastructure I'm referring to the Hive tokens utility, so far, there's staking Hive to curate, gain RC and get a bit of interest for simply staking, plus governance, but that does not mean much to the average user and if "nothing is feeding value" into the token itself because this is all inflation rewards it isn't economically sound.
When I joined Hive, majority of the people here were against ads, for so long I watched everyone hate ads and this actually tended to inflaunce each new user, even myself, but moving forward I realized it made no sense, if you have no ads, no subscriptions, just tokens minted everyday and occasionally bought by the "Koreans" as they always say out of speculation, how can you grow?
The only reason there's been so much debate on the reward pool is because there's no external structure feeding value back to Hive.
Peakd is a Hive funded frontend right? Why isn't there anything at all that feeds value back to stake holders?
If I am wrong, I would appreciate you point me to what is there to know that I don't already know because this post isn't intended to spread negativity but to point the community to the things we should be channelling our energy towards.
Did you see the post "Does Hive even exist?"
Did you see what taskmaster published afterwards : What Hive Really Is And How It Gets Confused
If you pay attention to both content, you'd see we're saying the same thing.
We are stagnating because what should be done isn't being done.
To make it absolutely clear, if Hive wants more users there are certain things that needs to be done and it is different from what should be done to get more developers.
Now when I say users this is a combination of content consumers and content creators and if you ask me, content creators are more important, with them, more consumers will be attracted.
We probably agree with the analysis more than I thought at the beginning. I reacted at the sweeping assertion that there is "no economic infrastructure" and "no value feeding". I agree it's far from enough and what should be done isn't being done. We could have been Quora, Medium or Substack if the things that should have done had been done.
I reflected and wrote extensively about this since back in Steemit times
https://steemit.com/steem/@sorin.cristescu/how-i-learned-to-stop-worrying-and-love-the-bid-bots
https://steemit.com/blockchain/@sorin.cristescu/revisiting-steemland-a-fairer-and-more-transparent-art-market-as-a-new-export
https://ecency.com/hive/@sorin.cristescu/native-defi-on-hive-who
First of all, you could bother to show a little more respect for what many people have been building here for YEARS.
Secondly, you sound like a user complaining about having few rewards... but the network has rewarded you fairly well for your last few posts (including this one).
Yet you waste no time in making power downs of the little you have accumulated. Are you really going to lecture whales on morality? Cmon.
In third place. My stake, my choice. Same as every other user. Are you saying that large users should favor small users more?
Well, that's not how it goes.
In any case, small users should work hard to be the 'big user' someday and not expect others to give them the value of their work. Remember that the vast majority of whales here have not been given anything, if anything they have earned it.
Finally, let me say that although I think the topic of the post is in itself interesting, you have articulated it in a way that pits the different types of users in the ecosystem against each other, and you do so with disrespect to the network (basically you're stating false facts). Be more careful next time.
All the best.
You are missing the point, honestly tho.
I see you say your stake your choice, and then talk about power downs of mine, well, my stake my choice.
Then again you speak of rewards, I'm not a very consistent writer here and I am definitely not complaining about rewards, I did point out that I earn fairly well based on the efforts I put in, did you miss that part in the post?
No, I'm saying that they should actually be the ones seeking out ways to task the community to build external value structures.
They hold the most tokens, so that would benefit them the most but why aren't there? It makes no sense to me.
Exactly, notice how the narratives here most of the time speaks bad of almost every system out there? Like traditional social media and their monetization and shit?
How many of the whales got rich from being on Hive?
That's right, many did whatever else in the real world and accumulated their wealth. So despite everyone saying those systems are shit and broken, that's where the money actually is, just too centralized then here we are in an ecosystem we could make things more flexible yet we are not applying any of the working solutions.
Then again you say I didn't show respect for what people have been building for years, did you miss my appreciation to those actually putting in the work?
Now let's talk about rewards once more, I happened to have shown more concern over how people doing so much for this space can end up being treated like shit, this was my point with the "$30 analogy" I wasn't talking about myself but taskmaster, just as I mentioned later in the post.
In as much as the small users have work to do, the whales have just as much work - even more, but it seems to be leaning towards those with the weakest of hands(resource wise).
Text they say sometimes does not convey context as should, you read a different meaning to what I wrote here.
If anything, I'm only bothered this stagnation will remain and this space will tend towards more rigidity.
I do not understand why you ending this by saying I should be more careful, this is my opinion and observations expressed, isn't that a right or something around here?
I like to think I'm not the enemy here.
Clearly, I missed that part, my apologies.
I would say this is constantly happening, although not at the speed many would expect. Said that note that whales aren't necessarily 'ambassadors' of the chain, they could be just a random investor who simply likes Hive.
To be fair I guess the narrative is against people who say 'we need decentralized social media' and they choose to keep ignoring Hive. By itself, traditional media isn't bad. It's a bit more about what people actually expect from it.
To be fair not many. But keep in mind that what is being worked on there is still in its foundational phase. I would suggest you think about Hive more like a 'distribution system' rather than a 'Crypto startup that has to succeed'. Solutions are being worked on, but once again, patience is required. Building takes time.
Well, you said literally ''Because the currency of the ecosystem has zero economically sound infrastructure, there's nothing feeding value into it, nothing.''. Sounds harsh, at least.
When you refer to 'those putting in the work'' who you're referring to then? regular users? Devs? Because it sounds like a nothing sandwich. Empty appreciation words if you say in the same post that something on what they worked on has zero sense.
Not to mention you said that 'youtube needs hard work while hive needs asslicking', yeah sure, thanks for your appreciation then, you're welcome.
Ofc, you have all the right to express your opinion and voice your view regarding anything.
What I meant was to 'go easy' because I think you raised some more than valid points but (I think) you then lost your way by expressing yourself in a careless way in which you put the focus of the problem on the people you want to appeal to. This way you will only get your target to ignore you.
Is always good to raise discussion where needed. But respect for both parties is also needed.
Have a good Sunday.
I totally understand, I wasn't very professional in the way I presented my arguments, it's just that I believe the bigger accounts(given that they are big) naturally have an influence that could be used for good.
I see a lot of contests around here, but most of it are internalised, they don't bring any external value, and this is what we should actually channel our energy towards.
Thanks for the time and have a lovely Sunday as well.
IF you had made your money here, and only continued for more 'easy' money, it wouldn't matter to you if hive went to zero.
You've already made your money, the game is continuing to pay easy money to you, why wouldn't you just ride it into the dirt?
The way out of this mess we find ourselves in is for newbs to power it all up.
Until the little crabs can overpower the big crabs why wouldn't the big crabs exercise their privilege?
As long as newbs dump, hive is gonna fail.
As long as we, as a community, vote rewards to dumpers, we can expect the game to eventually die as the price goes to zero when those supporting it now finally see the writing on the wall.
Hive is a microcosm of the real world, as long as the no power people don't do what needs to happen to take back power that has been usurped by those willing to take from those in a weaker position than them, the power mongers rule the roost.
Look at the largest curation account.
The majority of their outsized votes(>1000mv) go to people that dump it as quick as they can.
Who is buying this cheap hive?
Those that already have too much.
Who is dumping this cheap hive?
Those that have no clue as to what they are pissing away.
It is no wonder that those supporting the price vote rewards to those dumping those rewards cheap.
It's just how greed works.
If you want to have your complaints receive a 'fair' hearing, I would suggest powering up what you are given.
That's an interesting perspective, one I hadn't thought of.
I like your directness. Since everyone is so terribly quick to take offence these days, this is very refreshing to read for a change. I've turned 180 degrees, but find that I have a very hard time getting rid of the annoying habit of being polite.
A funny story that doesn't add anything to the topic, but still wants to be told.
My brother, much less polite and intellectual than I have unfortunately got into the habit of being, has introduced a witty bad habit in his company. Whenever someone dropped something, or mishaps of that sort, he would shout loudly "Stupid!" Since he repeated it so often, his colleagues adopted it, and the boss, who recently had to lend a hand, only wondered. Now one of the colleagues went shopping in the supermarket and some person dropped something and he shouted "stupid!". LOL
I am not a whale, so not much I can react to. But I see that antisocialist got you thinking. That's good. It's always NICE to be surprised by someones comment. Or, irritated, which is even better. ;)