Participation Economies. Hive is the pioneer in this space.
This week I have run into a block. Not a blockchain block, but more of a writers' block or traders block or just an obstacle to move forward. I believe in Hive, I believe in participation, I believe in participation economies. I was even thinking to participate in @theycallmedan's Elevator Pitch challenge. I am familiar with elevator pitches and I am familiar with Hive. But something still wasn't sitting well with me composing a post.
I have had an experience once when I accidentally made a pitch to a VP of the company in the elevatory. It wasn't even a pitch, it was more of a series of questions. To my surprise the following day I was offered a promotion. While compensation-wise it was a promotion, in reality it was a 'hey, you seem to have ideas to solve these issues, why don't you work on that' kind of a deal. That's how I came to understanding the power of the elevator pitch.
If I would normally would make a pitch, why would I even choose an elevator? I probably would choose a better setting when the person I am making a pitch to is in a more comfortable surrounding and not in a rush. I would probably research what the interest of the person is, and how my product would benefit them. Elevators for pitch sounds not ideal.
Anyway, if I were to pitch about Hive to a new investor, developer, or an ordinary participant I would probably tell them about the evolution of the technology and where the internet, gaming, and networking is heading. Which in my opinion is participation economies.
As technology grew and internet emerged only select companies could produce and provide software and content. Later, they realized that users of the software can generate content and they could make profits from that. Not only content, they big tech also came to discover software development can be done by ordinary people and they only had to act as middleman and create market place. Today, we know companies like Apple and Google dominate mobile devices industry and can take in profits of like 30% from the works of individual and company developers. Companies like Facebook, Twitter, Youtube, can generate revenue based on user generated content and consumption of the content.
Technology doesn't stop. It keeps growing and growing. The next evolution of tech seems to be participation economies where middleman of big tech is removed from the equation. They realized that. That's why Twitter CEO, Jack Dorsey started a bluesky project to develop decentralized systems. That's why Facebook CEO, Mark Zuckerburg started a Libra project to implement blockchain tech.
Decentralized systems seems to be inevitable for the next phase of the technological evolution. In my opinion it will require and grow participation economies. Users will no longer be users that are used and abused by big tech for their profiteering purposes. But rather people involved will be participants of economies. They will be owners of the networks, they will be in charge of their data and interactions, they will have a voice where networks are heading.
Hive has been pioneering in this space. While it may be know primarily for blogging, content creation and sharing, it is much more than that. It is a gaming network, it is a software network, it is an open source network. As a decentralized blockchain database it can serve vast variety of purposes only limited to the imagination of builders and developers.
Hive provides participants their own account that nobody can interfere and manipulate with. If one App chooses to censor, the participant can easily move on to another without any damage to their account on the blockchain. It keeps participants' funds safe, as the blockchain provides a trustless protocol that nobody can manipulate.
Moreover, builders on Hive tend to not only honor but thrive to provide more transparency and censorship free environment, because it is in their best interest to do so.
In the participation economies of the future, which is being experimented now on Hive and within its ecosystem, participants not only have financial interests but also a voice in shaping the future of web, social networking, gaming, and other innovative ideas.
Today, decentralized systems like Hive provide an alternative to traditional social media, gaming, software systems. However, tomorrow they might as well become standards. That is why every user of the internet services should consider now to join and be part of the early stages of the inevitable shift in tech.
I recently saw a tweet by @andrarchy:
https://twitter.com/andrarchy/status/1311318326111539201?s=20
I agree with the overall idea. However, my question is why not the participants should care and know about the blockchain? I think it is essential that more people understand the basics of the blockchain, especially those that implement decentralized principles. As the participants of the economies, people should get more comfortable with the blockchain tech and it will serve them better in making decisions as they participate in building something amazing, something that empowers ordinary people and provides opportunities for all. Not just the big tech that is in it for use and abuse people with intention of enriching themselves and their investors. Of course we can make blockchain tech to be simpler to understand for any new comers, that is up to current/early participants to come up with.
That's where I think the future of web, networking, gaming, community building, and software is. Network of participation economies where all participants be it average users, developers, or investors participate in economies that intersect with their personal interests and grow a more meaningful and beneficial way of transacting among each other.
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https://twitter.com/geekjen/status/1312295237335670784
@tipu curate
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Well this is absolutely true, in essence I'm thinking you're asserting that we present or market hive in synonymity with what people can relate to modern day web or internet right? Well this is actually something to look at, truth is, nowadays people don't want to know the tech, they just want to do things they can find on other places and the simplification of hive in totality will do well in this aspect. Well written as always.
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Thank you @josediccus. I was trying to say the financial and economical interest will push people to participate more in these economies and be more involved and also get the benefits of being part of them.
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Oh well, thanks for that clarification I thought you like tilted towards simplification and basically talking about what people can relate to. Of course money is retable, that's too is part of it. I've been enlightenment this morning.
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I think this is what decentralization is all about and Hive is a good example. Now, we see some companies adopting blockchain technology like you've cited Facebook Lbry. It's good that they are aligning with the technogical and internet evolution. The goal of blockchain is to remove the middleman factor.
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Thank You @tomlee! In my opinion big tech is aware of the changes coming and they want to stay ahead of it, while they don't have the best interests of people. Companies will always be about maximizing profits. Today they do so by manipulating users. Tomorrow users will be in charge by creating participation economies and advancing peer to peer transactions rather than middleman as you said.
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I think this has already started today just that adoption is low compared to the world population.
Users, the sheeple, do not have the appetite nor energy after a long day to care about how that device works. Or that platform. It’s all over through history and some “novel tech” just won’t change that.
“Solar? Oh is it cheaper already, awesome now I will finally switch!”
The moment you realize that is when you can start providing them with great experiences (rather than nerd kitchen sinks).
It is perfectly possible for users to benefit all the awesomeness without having to understand the innards and mechanics. It is the ideal UX. If they require additional understanding, you haven’t simplified it enough yet and you created onboarding hurdles.
Yes, I understand where you are coming from. Best of technologies is the ones effortless to use. What I am saying is we can still have the best UX while users are not just users anymore, but participants in these economies and have a say how things develop. Maybe I am just dreaming here, but that is how I see things going forward.
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I know you on two platforms. On both your username contains the term geek. That makes you not representative of the large majority.
But I truly believe that neither have to be mutually exclusive and a team like for example Basecamp could come up with great (short- and mid-term) onboarding training tours. And many more UI/UX specialists could.
On Hive IMHO we dream of making it too complex (aside from the RC issue upon signing up): no, the user does NOT need to know how the rewards split works, or about witnesses, or the DHF when signing up. But we can introduce that as a section somewhere in frontend and when user didn’t visit it, after 1 month of activity “hey did you know about witnesses and your governance participation?”. Two weeks later, let’s give a reminder about the DHF. After 50 posts (and at least 3 months of account age), let’s venture in explaining the rewards mechanic (altho there’s a small note on each post rewards hover and that could be linked). Etc etc.
Beyond that I point at low voting participation in most countries and even protest votes where people often know their vote will hurt themselves but they just want to express their discontent.
You are absolutely right and I agree. I was just imagining the future beyond the current shortcoming. My handle may contain 'geek' in it, but I have known you for a while to know that I would never be able to compete with you or win an argument when it comes to geeky topics. You are the true geek!
Meh, plenty of people much smarter (and nerdier) than me here, but thanks. I’m super strong in lean & agile though. Health allowing I may start investing more time in profiling myself on Hive and maybe contribute to planning and dev of future dapps.
!ENGAGE 30
ENGAGEtokens.I am in 100% agreement with you here, the future of decentralization is inevitable it is clear to see for some of us while some chose to remain myopic over it.
Now I must say this a sweet write up you have come up with!
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Thank You! Didn't really complete my thoughts. Maybe next time. Thanks.
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You are welcome 🙂
Elevator pitch to someone outside the Blockchain and Crypto world may not be that easy. Maybe something like: HIVE is a place where the opensource community is provided with a framework to build application on top, tools to support building these applications, and a (framework) platform to bring developers, business people and users together; With inbuild monetisation features.
This good post
Thank you!
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STOPDo not miss the last post from @hivebuzz:
But we have to sell that to the market. Leo is one of the greatest example. We need some serious marketing to sell the power of hive.
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I agree.
It's rare I have a conversation when catching up with friends that doesn't involve the terrible state of social media. I'm usually not even the one that brings it up.
But when it comes up, what else is there to do but mention HIVE? Even my dad, who has no real interest in crypto, won't spend any time on most social media outlets. They have become cesspools of raw emotions displayed across endless pages of content. Toxic to both health and the enjoyment of life.
The revolution is almost over, IMHO. Nowhere does the fire spread faster than word to word, person to person.
Thanks for sharing your vision. 👍
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