LEO voters should consider voting more CRYPTO and TRADING content - less LEO-jerk content
I love LEO. Dangit its true, and it has really helped us stay motivated in the process of running and expanding our small business. LEO is the hottest tribe of content on HIVE, and from time to time it seems like it is doing the hard work of pulling the whole HIVE platform up from the dust and the dirt.
But there has been something happening to the content on LEOfinance - take a look at these images and see if you notice what I mean:
Source - LeoFinance Discord, user @themarkymark
What I once loved about LEO, the trading, crypto, futures, math, finance and entrepreneurship type content, what I like to call @beehivetrader type content, has largely been replaced with self congratulatory rehashes of how great LEO is.
The differences in how these contents are being rewarded is quite stark.
This is a result of stake based voting, there is no central authority that can tell people how to vote with their stake. Its probably good to pat ourselves on the back from time to time, after all LEO is doing really good!
But if this is a place about content discovery, then those with stake should consider, what types of content will the new users want to see?
Isn't it likely that they will want to see content about BITCOIN, ethereum, Crypto-MINING, FOREX, trading, cryptocurrency, exchanges and other related topics?
I think so.
Let's check out the front page of LEOFINANCE.IO right now:
This is all LEO-meta content. Just LEO people talking about LEO to other LEO people. From an outsiders perspective, its likely that it looks like we are just talking to ourselves, about ourselves.
If we want to rank on SEO, we need to also reward contents that deal with SEO topics.
Leave me all your feedback in the comments - lovely LEO brethren!
How can we improve this situation? You tell me!
Freedom and Friendship!
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Thank you @ecoinstats, for using the CO2 Compensation Coin (COCO / SWAP.COCO) on Steem-Engine or on Hive-Engine to reduce your CO2 footprint. You want to join? Buy some COCO / SWAP.COCO and transfer them to CO2Fund's account @co2fund.
We can improve this situation. And we will.
I'm already on this path.
If we could somehow discourage using voting bots these few whales, who still does.
But how?
This is a big question, still remains open
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If the content of the blogs change the voting bots are part of the solution.
And if voting bots follow your upvotes too.
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Which voting bots? There are not many left and they are tiny.
I don't know who is using what.
But if I see somebody constantly upvoting posts within the first 40 seconds - there is little doubt it has been done with the help of a bot
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Ahh, you mean voting bots as in auto votes not bid bots.
Good point.
The screenshot of the homepage you placed are the "curator's picks". But what causes these articles to end up there?
Is it done manually? Is it the total number of upvotes? Does the weight of the upvote count as well?
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I wouldn't worry about it too much. It is just a phase.
We are attracting a great deal of people who are newer to investing and Leo is really their first foray into it. They are not experienced with other asset classes or even crypto investments.
Also, there is the idea of branding. Tesla did not become what it is by talking about GM and VOlkswagon.
While yes there might be some over the top stuff, there is a part of branding that talks about stating your best assets bold and loud. The idea to convey is that Leo is the best thing since sliced bread was invented.
Also, if we look at a lot of the non-leo content, it is, quite frankly, not great. Either people are not as knowledgeable or they do not spend the time on it, but most of the posts are about 200 words and a chart. Hence, we get into the situation of upvoting garbage.
The reason why I say it is a phase is because the Leo Twitter will change a lot of things. There we will see all different kinds of posts, including just charts, or one liners saying I bought more BTC or sold ETH.
Personally, I try to balance my posts out, discussing economics, inflation, and other macro matters. Do they do as well as the Leo posts? Not necessarily but that is where we are at now.
The "leo-jerk" you talk about is a derogatory term for "excitement".
So I think the idea of trying to tone that down is, quite frankly, asinine. Finally a community on Hive that people are enthusiastic about and the sharing of that enthusiasm is being slapped down.
Like anything, the more people who are writing on Leofinance, the more that things get spread out. It is a numbers game. Even if it is not the top rewarded posts, they start to dilute the reward pool more, pulling those trending numbers down. That has a way of offsetting things.
@edicted always gets an upvote from me because he puts up probably half (if not more) non Leo content. His stuff is good (a lot of Bitcoin)and he spends time on it. If there were 50 of him, we would likely not have this article.
We just need to give things time to sort through.
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Thank you, first off, for expressing a contrary opinion loud and proud. This was a discussion in the discord, and I wanted to bring it 'on-chain'.
YOUR content is incredibly varied and almost always ties in with outside news/life/updates. I would say yours is generally an exemplar of content that could/should be featured highly on the page.
Dilution is of the stake is good, we agree here like with HIVE as well. Perhaps this is as simple as re-configuring what shows up on the front page?
Another great suggestion, from the discord (user @dalz) was to put a percentage of the reward pool into rewarding articles that bring in users - good user-drawing articles could earn for life, far past payout, as long at they keep pulling users in.
In the end, Khal has some similar thoughts, that back-patting was natural, and that the voters decide. I still think there are many angles to consider if we want to have a site that makes people think - 'here is a great place to read finance content!'
My guess, is that we will see a number of those who post in the "long form" section, shift to the "microblogging" area.
Many of the posts belong in there, a chart with a hundred words or so (or less if the person wants).
We will likely have a thinning out of the long form blogging, opening up the door for newer people.
I would say it best to focus on the same course for the next month or two and then see where things end up. My intuition is that the microblogging will alter things, providing us with the solutions we presently seek.
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I mentioned this before .... we can try to alocate a share of the inflation (10% exampl) to the posts that bring the most traffic .... say on a monthly level ... the authors and curators are rewarded ... so the curators have incetive to vote the posta that are more likely to bring the most trafic
We need to put the right incentives for the outcome that we want .... its all about incetives ...
Exactly my say! Leofinance needs to step out of the LEO bubble to be more interesting for non-Leonians.
But now I need to go back to work on my LEO-related article :)
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Upvoted for your honesty. LOL
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I agree - the sooner it changes the better. I generally don't upvote posts about LEO, except for those by the leo account.
I see them all the time and they're nearly always over rewarded IMO.
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Although we obviously know how boring and repetitive it is to see the same thing published by Leo's accounts in other users' posts, don't you think that integrating more topics can perhaps bring about spam or worthless posts?
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I think the niche topic is wide enough - finance. Investing, trading, crypto, entrepreneurship - all are hot topics.
It just seems like what is getting rewarded is back-patting, not finance content. Thank you for your input!
Okay I get your point.
Seeing it like this is very true, because I will support your idea by publishing more varied content. Because if it was difficult for me because I don't know what to say since I don't want to repeat but this is a good idea.
Yeah one of the things I have noticed is the obsession with back patting. I’ve gotten a decent amount of engagement and rewards on my few posts on Leo but they could certainly have done better as a way to spread the Leo tokens around a bit more. Such is life though, backs will be patted and we can highlight the ways to avoid doing that but it will continue to happen lol. Just keep plugging away!
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It's all about finding a balance. We can shill our favourite community whilst promoting other content. I am not a fan of TA video, they make little sense to me, so I don't want that flooding my timeline. Ideas, concepts relating to finance or people's personal experience regarding business/finance make good read.
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@ecoinstats,
You nicely highlighted this! This might be the problem, if we all need more examples, just take a look at Steemit 😄🙃
Cheers~