Lifetime Abundance On Hive

▶️ Watch on 3Speak


This is an extension of the article I wrote this morning.

In this video I discuss what it is like if someone posts daily for 5 years and we get some way to revive evergreen content. It could be a pathway to lifetime income.


▶️ 3Speak



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To me, it is like saving money for a long-term and then have the benefit of it.

Accumulate HIVE Power, then have lifetime abundance :)

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do you mean something like '5 years ago you posted this' kind of thing? whit a reblog button?

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Grand ideas keep pouring in. Another proof of how vital and inspirational this environment is.

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(Edited)

I always love your optimistic words Sir, and I am enlightened about the innovation and creativity that you have mentioned. I am excited of the upcoming projects from the amazing teams on Hive.

"Go back to your old post and update them or redo alhough you cannot get anything." This is surely a way of feeling better and improving our contents. Perhaps this is an excellent reflection and I am inspired.

When you have said what if we do it for 365 days and in 5 years, it is 1,825 while sharing evergreen contents, surely it is like gold that will yield a lifetime income. You had pointed out the best and I am genuinely enlightened by your optimism Sir. Thank you so much and it is a great help for beginners like me and anyone in the blockchain. Have a great day and take care.

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Yeah the evergreen content is nothing at this point but if some teams come up with ways to reward it, then we are on a different level.

When that happens people will wish they had:

A) more content up
B) better content

The time to start fixing that is now before these projects roll out.

Posted Using LeoFinance Beta

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When I entered Hive, I was like a wee fish and I have a lot of questions. But as I go along the way, I have learned to dwell in the ecosystem while being guided by authors worthy of emulation and you are one of them Sir. As a beginner it feels so good to be guided and be on the right path. Yes to a more content up, and a better content. And I so agree with you that it is good to fix it now for a better tomorrow. By the way, thank you so much for your attention, Sir.

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Limitations on cashout time are tied to the source of the reward. When the Hive blockchain rewards comment after 7 days, that time is connected to 7 days of a single step of power down. If there was longer cashout window, you could vote, power down, move the funds to some other account you control and vote again with the same stake. The connection gets its source from the fact that it is a stake that decides how much reward will be allocated. If we devised different system, some kind of "reputation" tied to the account - nontransferable of course (you bring more better content to the network, so your vote matters more), then we could decouple cashout time and power down. So far no one proposed a system that could not be easily gamed though. It is great that layer 2 solutions are being tested, because they can actually solve the problem, and even if they fail, there won't be any risk for Hive layer 1.

If the source of reward was outside the Hive, f.e. from the adverts played during viewing of the article multiplied by some factor of their "success rate" to weed out bots, then there is no problem with rewarding old content. In such case the reward is tied to content consumption and there is no rule that newer equals better (for some type of content there is, but there is also plenty of timeless content). Rewarding through tips is in that category.

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There are ways to do it, people just have to experiment.

It is great that layer 2 solutions are being tested, because they can actually solve the problem, and even if they fail, there won't be any risk for Hive layer 1.

This is the power of the second layer. If a team tries something and it is a total failure, then we simply move on; no harm to Hive.

Posted Using LeoFinance Beta

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This will be revolutionary. It would be amazing. One way woul be through the number of views on a specific content.

Updating old post!!!! For veews...this is amazing advice.

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Updating old post!!!! For veews...this is amazing advice.

I have been going through some of my older material.

Hell just changing the name Steem to Hive is a good idea.

Posted Using LeoFinance Beta

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I see where this is going. This content is too good to be missed. I have reblogged it.

Content discovery is going to the biggest business opportunity in Hive. So much innovations that can happen in this space to solve Hive pain points and bring in new users.

!PIZZA

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Summary:
In this video, the speaker discusses the concept of Lifetime Abundance on Hive, focusing on the idea of bringing older content back to life on the blockchain. He explains the importance of perpetual rewards for older content and mentions projects like SPK Network, Value for Value, and Views that are looking into providing rewards for legacy content on Hive. The speaker emphasizes the significance of updating and improving old posts to potentially benefit from future rewards. He also touches on the potential impact this could have on content creators and the Hive ecosystem as a whole.

Detailed Article:
The video starts off with a discussion on Lifetime Abundance on Hive, where the speaker introduces the concept of bringing legacy or evergreen content back to life on the blockchain. He mentions projects like SPK Network and Value for Value that are exploring ways to enable perpetual rewards for older content on Hive. The speaker highlights how the ability to reward older content could be a game-changer for content creators and the Hive platform.

Explaining the rationale behind the seven-day voting window on Hive, the speaker clarifies that there needs to be a finite period for rewards to be tallied based on the voting power exercised during that time frame. He stresses the importance of innovation in the second layer of Hive and mentions that projects like Leo and CTP are also using proof of brain mechanisms that require a specific voting window.

The discussion shifts towards the potential impact of projects like Views on content discovery and the revalorization of older content. The speaker predicts that Views, as a content discovery mechanism, will eventually bring older content to the forefront, making it visible to users. This leads to the idea of incentivizing older content through innovative reward mechanisms and how other project teams might follow suit if successful.

The speaker encourages content creators to revisit and update their old posts to align with the potential future rewards for legacy content. He emphasizes the importance of enhancing the quality of old posts to make them more eligible for rewards in the future. The idea is that as projects like Views bring older content back to life, having strong quality Evergreen content will be beneficial for content creators in the long run.

In conclusion, the speaker expresses optimism about the future potential of Lifetime Abundance on Hive and encourages content creators to prepare for the opportunities that perpetual rewards for older content may bring. The video serves as a thoughtful exploration of how innovative projects and mechanisms can reshape content creation and rewards on the Hive blockchain, paving the way for a more sustainable and engaging ecosystem for content creators.


Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.

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