Elon's $8 Answer To Bots: People Get Paid On Hive
Elon has proposed the idea of having people verify they arent bots by paying $8 per month.
In this video I discuss how we see people being paid on Hive, another contrast to Web 2.0. While Elon is bringing a new model to social media, it is not novel for Web 2.0. Paywalls are commonplace, a problem with how things are progressing.
▶️ 3Speak
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Hi task, you've mentioned your proposal or plan a time or two on your podcast (a .doc perhaps?). I looked around lazily, but didn't find it. Got a link?
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So he is saying that bots cannot (unable to) pay? I like Elon Musk in general, but this idea is very stupid. Transactions can easily automated. Actually it is one of the easiest things to automate.
But the point is spammers aren’t going to pay. It will work as intended. But it’s outdated and Elon is admitting he wants digital ID end goal. It’s not good that I agree. But obviously it will work to stop bot scams.
Are you sure? Their owners can easily set it up. Probably their bots generate much more than $8 USD per month for them, so it would worth for them. But hopefully no one is not going to pay. There are other, better ways to verify that the user is human, and not a bot.
Hive is yet to prove long term sustainability of its model. Especially if it takes off to use levels comparable with other social media out there. It is good that Hive can be developed without rush in steady pace, I believe in some aspects we are already "overdeveloped", that is, prepared for much more traffic than we currently experience and/or allow (cough, cough, max block size). However important parts of second layer, Hivemind in particular, still need work.
As for Twitter. With the global enterprises like that, there is always a problem: what is cheap in one place is prohibitive in other. If the proposition is to have dual system - you pay, you are the customer, you get extra features and freedom of speech, or you don't pay and therefore you are the product, that is going to keep being moderated and molded for Twitter benefit. It might work. Although if it turns out being cut along geographical lines, it might be better to make two/more separate Twitters that don't interact with each other - one paid only, for developed world and the free one for the rest. Bots would not be as common in paid version due to fees, and would avoid unpaid version due to lack of incentives to run there.
yes!
If bots can generate enough benefits worth more than $8 before getting banned, there will still be bots. It may now become a “cyclical business”.
I've been calling out Musky boy for a long time. Glad people are wising up to his shenanigans
His goal is centralized digital ID. He isn’t a good guy or in this for freedom. It’s true!
you can't get silly rich by being a good guy in our world unfortunately
I was never into the subscription or paywall method for things as I saw how it transformed games. In the end, I don't know if it will solve bots but I think the system might be more fair towards those who want to get verified.
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Can't argue with any of the points you made. I doubt this new paywall will solve any problems. For what it's worth it will probably make them worse. Aged and verified accounts were a lot more expensive than $8 on the black market before this change, now things become so much easier for the scammers.
Hive is the ultimate blockchain. There is no second best. Growth may be slow but at least it is organic.
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!1UP Elon answer to everything is paying a fee that ends up in his pocket; while, here on Hive, the answer is decentralization. Who will win?
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Summary:
In this video, the speaker discusses Elon Musk's recent proposal for Twitter users to pay a monthly fee of $8 to prove they are not bots. He compares this to the existing paywall model seen in various publications. The speaker delves into the uniqueness of the subscription approach by Musk, examining its potential impact on Twitter’s transformation. Furthermore, the speaker contrasts this with the decentralized model of Hive, highlighting its diverse features and rewards system for content creators, curators, and infrastructure providers. The speaker emphasizes the growth and development happening within the Hive ecosystem, especially in projects like LeoFinance and Splinterlands. Lastly, the speaker stresses the importance of building towards Web 3.0 and the opportunities present within decentralized platforms like Hive.
Detailed Article:
The episode begins with a discussion on Elon Musk's proposal for Twitter users to pay $8 per month to prove they are not bots. The speaker questions the implications of this subscription model on Twitter's transformation and contrasts it with the traditional paywall system seen in various publications. The conversation then transitions to the Hive ecosystem, highlighting its decentralized nature and the myriad features it offers compared to Musk's paid subscription model on Twitter. The speaker lauds the reward system within Hive that benefits content creators, curators, and infrastructure providers, showcasing a different approach to social media.
The discussion further explores the growth and development within the Hive ecosystem, with a specific focus on projects like LeoFinance and Splinterlands. The speaker commends the progress made within these projects and emphasizes the foundational work being laid for Web 3.0. This emphasis on advancing decentralized platforms aligns with the overarching theme of the episode, where the speaker encourages urgent progress within the Hive ecosystem akin to Elon Musk's approach to Twitter.
Furthermore, the speaker reflects on the potential of Web 3.0 and the revolutionary aspects of cryptocurrency within the decentralized landscape. The episode underscores the importance of community-driven development and the need for robust smart contract platforms within decentralized systems. Through examples like Leo Glossary and other applications tapping into the blockchain, the speaker highlights the collaborative and open-source nature of decentralized platforms like Hive.
In conclusion, the episode returns to discussing Musk's Twitter subscription model, critiquing its paywall aspect while acknowledging the quest to counter bots. The speaker maintains a focus on Hive's decentralized and rewarding model, advocating for continued experimentation and innovation within the ecosystem. By emphasizing the opportunities present within decentralized platforms and the need to build towards Web 3.0, the episode serves as a call to action for progress and development within Hive and similar decentralized ecosystems.
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.