Leofinance Leading The Way: The Secret Of Success

in LeoFinance9 days ago

It is safe to say that most want growth on Hive. We want to see others realize what is being offered on this blockchain that most of us feel is very powerful. Alas, so far, the attraction has been minimal.

That is likely to change over the next 6 months. We are seeing a lot happening which is only going to attract more people.

One of the project that is taking a step forward is Leofinance. We know, this is something that was posted about ad nauseum. However, there is something that I want to point out concerning the focus of this team.

We often through numbers about in terms of what we would like to see with the number of users. Here is something that I think people will find very interesting.

leobull.png

The aim is 100K new signups for Leofinance at a minimum when the next bull run happens. This is coming from the individual who is behind the project.

Obviously, we now can see what the goal is for the team. This is not some individual just posting based upon a mood that struck. It is from one of the individual's who is having a great impact on the Hive ecosystem.

Of course, all this can be considered fluff if not followed up with action. After all, projections are something anyone can do yet they remain empty unless there is a plan to achieve that end.

Yesterday, we see a post out of the @leofinance account detailing how they met with a marketing company that specialized in AI and SEO rankings. This is an important factor when seeking organic growth.

While the article threw the idea out to the community, there was the tidbit about cost. This has a nice cost of $18,000 annually. It is a sum the team is willing to make if the community will use it. This was the basic essence of the article.

The goal is to get a minimum of 20-30 people spending the time to optimize their articles. The program will spell out how it needs to be done yet it still requires human intervention to complete it.

To read the full article:

https://leofinance.io/hive-167922/@leofinance/leofinance-met-with-an-ai-marketing-agency-to-increase-our-exposure-should-we-hire-them

So big goals and willing to put in the money to get there. That is the path to a winning formula.

For too long we witnessed people focusing upon the payout system or the inflation rate. It is rather ironic that the inflation rate is no longer a discussion for the LEO token. Somehow the price managed to go up in spite of the fact the inflation rate is over 20%. Still, we are finding there are not enough LEO out there to satisfy everyone, a situation that is only going to get worse as other aspects to the project (along with another development) starts to eat up more tokens.

Business building 101 says that growth is an area that requires a high level of focus. In cryptocurrency the focus is too often on gamifying the tokeneconomics instead of concentrating efforts on basic growth building strategies. This should be the primary focus of all DApp and communities on Hive.

Then in a post about the Hive frontends, we see this comment:

leofinance.png
Source

The two areas highlighted are already being done by Leofinance. Engagement on the platform exploded over the last few weeks as a concentration in comments was pushed. It is aided by the fact that we saw a change in the reward curve that made it more sensible to reward comments with upvotes. Also, there is no dust on Leofinance which enables a payout on even the smallest of upvotes (in LEO, HIVE is still dusted).

At the same time, we see people can log in using Metamask (Ethereum) and instantly be active. This enables people to avoid the process of having to deal with all the different keys on Hive while learning what the system is all about.

Best of all, the next phase which is due for release shortly will allow for people to log onto Leofinance using only a Twitter account. This gives them the ability to post, comment and upvote. All of this can be done without accessing their Hive account which is instantly created when they sign up with Twitter.

Of course, as was mentioned in the above comment, payouts can only happen when one accesses the Hive account and takes control of his or her keys.

Leofinance is growing at a terrific rate. However, as we can see from this chart put out by @dalz, the number of posts from this front end is still in the minority. At roughly 150 posts per day in the time period covered, this ranks it 4th, far behind Peakd and Hive.blog which, combined, are in the thousands.

So what is the key to success, thus far, for Leofinance. Many seem to believe that simply changing the reward curve or altering the inflation rate will do it. This seems to be missing the entire forest.

Secret For Success

  • Start with a dedicated, committed community: Leofinance had maybe a dozen dedicate users when this all started. It was all that was required to start the process.

  • Develop: Notice how the front end does not look anything like it did when it started. A lot of features were added over the last few months, with more coming. Each week, new ones are added which keeps the community engaged. How many tribes have a front end that is exactly the same as the day it went live?

  • Get community feedback: At each step of the process, ideas and suggestions were implemented from the community. This helps to keep people engaged and give them more of an "ownership" mindset.

  • Focus upon features that will help with growth: we need those things that are going to appeal to people on the outside, not just on Hive. We need to move past the rewards as the main focus and position it as a bonus. Certainly, Web 3.0 is about rewards where none existed but that cannot be the primary focus. There has to be more.

  • Start the process of reaching out: a lot of the growth of Leofinance is because people on their reached out to their friends and colleagues. Many deal with others in their investing and mentioning Leofinance is a great way to start attracting them. After all, the best marketing is word-of-mouth.

  • Make the token desired: The price of LEO exploded over the last few months. Many feel this is because of the burn rate (which was in place from the beginning) or the advertising. While they have a part, the main reason is people want the token. Confidence in what is taking place on Leo exists. Essentially, when the team said something was going to be done, it got done. Sure, there might be delays but it eventually rolled out. Nothing causes a loss of confidence more than stagnation.

As we can see, this is just the beginning for the progression of Leofinance. Much higher levels of accomplishment are sought. The goals are set, plans in place, and time as well as money is being put forth to back that.

Another factor is anyone can follow this since a monthly road map is put out. This enables the users to understand where things are going and places a check on the team.

If others want success, this all might be a model to follow.


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With high if there’s a critical mass that we still haven’t reached, or rather, we lost during the whole bidbot fiasco, the bear market, and then ned and Justin drama. Getting that critical mass back is way harder than getting it the first time.

Leo is doing a great job, and it’s natural it should lead the way because finance is something all of us can easily engage with...this is crypto.

I just hope the Leo community can make an effort reach out to other communities about how to generate excitement and not compete against them. We all need to team up and look outward towards better ways to onboard. Ranting and raving about hive or tweeting into the black hole of algorithms doesn’t seem to be working. @nonameslefttouse has some great ideas!

There is no reason to worry about low post count at Leo now. Like I said, we need to look outward. Khal’s(or rather Leo’s) goal of 100k is daunting but inspiring. I personal hope our tiny @crossculture community can onboard 1k users at the very least. I’m toying with ways to incentivize good promotion right now

LOL! Bidbots. "Hi there! Would you like to purchase some visibility? Yes? Okay just hand me your money so I don't have to be here actually looking at what you want people to see. Simply hand us 90-99% of the reward pool, and you can keep the rest! Plus you get to be on the trending page with the likes of famous people like CHBartist who's there ten times per day! Then a plaigiarist might come and bump you down but you got to be the 'winner' for a few minutes with your lame ass picture of a duck you found on pixabay! Congratulations you are now a professional famous content creator with the push of a button!"

That sounds about right ;-) it's funny, but it hurt us more than the bear market did. The fact that we conquered bidbots AND a crypto super villain is why I started to invest in Hive. I cannot believe we are still standing and the fact that we are makes me really believe in this community

I see a lot of potential but I always have, especially in genuine content production and consumption. I'm deeply concerned about the direction now though. Some of the same folks who previously played a role in squandering potential haven't warmed up to the idea this content stuff and the consumption side can actually be quite lucrative. When Hive started I immediately stumbled into talks of shifting the focus to something more in line with protecting piss profits for a select few, kicking everyone else into communities to either sink or swim on their own, with an already shrinking userbase/market. Still standing, sure. But where?

we need to look outward

Absolutely... One little remark to the LEO community: Stop posting about LEO, and stop voting these posts into the top LEO posts... The outside world is not triggered by communities having an internal focus. Sorry for my relatively recent post about LEO. I leave it to that one only for the considerable time ahead of us.

lol me too.

me: stop posting about Hive
also me: posts about hive

LOL 🤣🤣🤣

Its catch22: not posting about HIVE means no rewards, posting about HIVE means potentially some rewards hahaha ok ok am a bit sarcastic... a bit more than just a bit.... but it's still funny since I'm still in LOL 🤣🤣🤣 mode :)

Well I think posting about hive or leo is fine, we just need to show people things other than the trending page. I always link friends to Natural Medicine, Cross Culture Community, DIY etc.

Well I think posting about hive or leo is fine

Sure, some posting maybe, but I rather would like to see a special corner for HIVE/LEO posts. Different page maybe. Or use a Trello board or something, since posting about out own community should help building to roadmap. I never ever saw a succesful roadmap being build through posts. Though I have made successful roadmaps myself through Trello boards :)

This is true to a degree but then there are a lot of people who are curious about Leo and what it offers. Also, if we do not talk about it, how are people to know what else is offered here.

Do you think a newcomer will instantly know that there is the possibility to make enough to pay some bills, especially if in a poorer nation? How about the idea of staking to increase voting power?

While I see where you are coming from, we have a wonderful promotional tool in that we can write about ourselves since we are social media.

One of the things that drove me nuts is that people often wrote about hive (steem) just bashing it. I guess they didnt realize that others were reading what they wrote.

When people relate their experiences about Leo, it cant help but to excite others. Sure we need a lot of varied content, which is why it is important to get more people who have different views/backgrounds/experience.

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Do you think a newcomer will instantly know that there is the possibility to make enough to pay some bills, especially if in a poorer nation? How about the idea of staking to increase voting power?

Perfect for detailed FQS or Wiki. Much better than weeding through all sort of post, also knowing users may not be correct in what they write.

One of the things that drove me nuts is that people often wrote about hive (steem) just bashing it. I guess they didnt realize that others were reading what they wrote.

Thats indeed the worse part of talking about the community. But also, when a newby sees all sort of post with power ups, and how much one can earn, and all of that, will convert many to want and even worse, to expect the same and they will be disapointed and leave again, or become bad actors.

it is important to get more people who have different views/backgrounds/experience.

100% agree! 💯

Perfect for detailed FQS or Wiki.

Few people read them...when was the last time you read a Wiki or FAQ?

If we do not do our own promotion, who is going to.

Much better than weeding through all sort of post, also knowing users may not be correct in what they write.

That is where feeds come in. We all know those who are going post about different things and those who are not. However, we do need a search function that allows for better location of topics.

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search function

Thats a must. Ecency had one available as an independent service, but they dont seem to have it anymore. Thats why I use often their laptop/desktop app, because of the search function... and the way they do notifications and the quickness of getting to the comment and able to respond to many replies.

If we do not do our own promotion, who is going to.

Sure, but promotion in other channels. not in our own community. We are bought in already :) Am not saying nothing about HIVE/LEO can be posted, but we shall keep it to very low quantities. I prefer those who really have to say something sensible, can post from time to time :)

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Am not saying nothing about HIVE/LEO can be posted, but we shall keep it to very low quantities. I prefer those who really have to say something sensible, can post from time to time :)

So you are saying it should be controlled and we should censor what is posted on here?

Who decides who is exceeding the appropriate quantities?

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 8 days ago (edited)

Hmmm, why are such statements I make about Culture often turned into harsh words as censoring and who decides what goes or not?

Think of this: Any community, however small or large it is, physicial or digital, has a certain set of values. I would even say, a community needs a certain set of values.

Here at LEO (and HIVE) we have some of those values set in stone by having it programmed into the blockchain. Other values that are difficult to program into the blockchain (or maybe even impossible to program at this stage) have been articulated in the whitepaper (like no spam, no copy/paste, etc) and at least part of the community support those values by supporting teams (and individuals) who took on the task to moderate content accordingly.

I very much believe in establishing a set of values within a community. These values define our community. It'll be a guideline, not only for us, but for the newcomers as well. Certainly, no single individual has to follow these guideliness, but I predict that when we create such common community values and articulate them clearly, many will follow them, since I believe many people like to be part of something that is kinda defined. This will drive the growth of a community, and I believe it'll also drive 'good' behaviour, whatever this 'good' behaviour is.

To the topic: "How to define such set of values?" It would be great if this can be done in some democratic manner. We can think of many ways how to establish this, but community voting shall be part of it. We don't have all the tools available the get this implemented today (or we need to missused the HIVE DOA for his, or use dPoll in one or the other way); We don't even have the governance to establish values, not on HIVE not on LEO. But I think we shall start thinking about this more seriously.

I like to re-iterate, in all what I'm trying to bring across, nothing is mandatory, it's all voluntary.

Coming back to the less LEO posts and more OTHER posts: This can be the result of one of our values we agree to, which could be something like: "We want to embrase the world", "We want to be all inclusive in the Financial segment" or some value like that. What you think when outsiders having a glance at LEO and see lots and lost of LEO posts will actually think? No investor likes internal focused behaviours.

I really believe that Cultures can be created, driven and altered (we see this in real life in all communities and societies we know). And I believe Cultures drive good behaviour ('Good' in relation the the Culture itself). That's in a nutshell what I try to bring across.

I also believe, the Lack of Culture, will drive abusive behaviour. And abusive behaviour will destroy a community. And when a community is destroyed, it has no value, hence the connected monetary tokens, will have no value whatsover.

I just hope the Leo community can make an effort reach out to other communities about how to generate excitement and not compete against them.

There is no competition. People have many difference interests. All of it feeds into Hive anyway.

People need to understand this is a co-operative, that we are all a part of. Will some still act like they always do? Without a doubt. However, those who understand the power of a community, can then help to ascend it to another level.

Leo is providing a model for others to follow but it is up to them to decide what they are going to do. They also have to take the action.

Getting that critical mass back is way harder than getting it the first time.

There is no need to get anyone back. The internet has 4.5 billion people using it. How many real users were there during the peak of Steem? 100K maybe and most of whom were only interesting in bilking as much of the reward pool as they could.

There are plenty of people out there who could be attracted to what is being built here. This is where communities are really important. People are attracted for the interaction about a topic that is dear to them, the rewards are a bonus.

After all there are thousands of blogs that get hundreds of comments per post while providing zero in rewards.

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Yes, I'm not saying our success is dependent on bringing anyone back, but Steem was pretty well known and people got a taste of it and because of various issues we had, didn't like it. It will take some work to create a new image and rebuild that momentum, but we did manage to fix a lot of those old issues and community as a foundation along with monetization are a match made in heaven :-D

Is there really a shortage? Like bitcoin LEO is divisible ..

Anyways glad to see something produced from HIVE.. been getting fed up with this bull-run and Hive sleeping.. LEO is the sleeping giant imo.

Is there really a shortage? Like bitcoin LEO is divisible ..

That is true but with a $1 million market cap, it is hard to get a hold of any significant amount especially with liquidity pools opening up over the next few months.

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It will be important to ensure that the new users to the LEO platform are producing quality content. I remember the large boom on Steem in during the 2017 bull run and how there were many crappy posts with just a picture of some graph and the current price of BTC getting huge upvotes. I know part of that was because of bots and things like that, but I also feel many people would try to abuse the LEO platform by doing low quality posts like that.

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Communities with a lot of manual upvoting will not give the big payouts for posts like that.

We need to remember that most of social media is crap posting. People want to have fun. We must adjust the rewarding accordingly.

If a lot of attention is focused upon commenting, at least in terms of upvoting, that will alleviate the situation. It is very easy to see a shitpost comment and reward accordingly.

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Communities with a lot of manual upvoting will not give the big payouts for posts like that.

That's where LEO stands out and that's why I'm pouring tons of efforts into the platform, because it's different and it's in tune with my personal values.

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Good point. I have been trying to upvote good comments more lately than I have in the past. It might help if there was a better mechanic in place to reward engagement like that. I am not sure what it would be, but the dust threshold seems to remove a lot of reasonable votes.

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the dust threshold seems to remove a lot of reasonable votes.

On Hive it does. Small upvotes are discarded which is what people obviously get on comments. With LEO, that is not a problem since even small upvotes are paid out.

The community has to decide their own engagement which is based upon how each person votes. This is the freedom we all have. At least if it is a manual, some might think about things as opposed to bot voting.

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That is a good point for Leo. I didn't realize that. I don't feel bad about upvoting all of the stuff I have been lately then! Now I just need to keep staking my rewards so I can work my vote value up to something worthwhile!

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Now I just need to keep staking my rewards so I can work my vote value up to something worthwhile!

That is the best approach.

People need to realize (and tell others) of the compounding effect that takes place on here. The more LP one has, the greater the Vote value. This leads to a greater payout of LEO on the votes places which, of course, means more LEO.

It all just keeps adding up over time. This is crucial for people to understand. While it will not be necessarily quick, it does happen.

And by the way, focused effort over 1 year can make a huge difference.

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How small a vote is regarded as dust and is disgarded at HIVE? I never realised these where ignored.

More comments voting is a way to go. What about removing post voting completely? Just comment voting? Back in the days, Dan didnt like that idea, since he believes in gamification, and I also think in the necesary incetives for people to post. But I dont think so. Look at Twitter and the enormous amount of long form Tweets. Or the users at HIVE and LEO earning next to nothing, and still creating quality content. I wish we had a chance to test comment voting only. Thatd said, such chance can easily be created: just change the reward algo's for a month or two to comments only here on LEO :)

I remember the large boom on Steem in during the 2017 bull run and how there were many crappy posts with just a picture of some graph and the current price of BTC getting huge upvotes

That's mostly due to circle jerking and we still have plenty of that on hive. Post payouts have almost nothing to do with a post's quality, a higher impact having your circle of friends and thei voting power. I doubt that will ever change.

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No, it probably won't change and I think to some degree it shouldn't. As much as we hate to admit it, some circle jerks form pretty organically. I have a small group of people who I always upvote and comment on because they are consistently putting out great content. In return they always upvote and comment on my stuff because they like my content as well.

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Makes sense :) What about the one pic chart getting tons of upvotes and becoming a trend in the era when we want to attrcat more users and investors. What would those believe regarding our product?

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I didn't say they were all quality content, but you can't deny that circle jerks just tend to form on their own. Usually when they do it is higher quality content and there is actually some engagement happening. Additionally, those users also spread their votes out to others, but the fact remains they consistently support each other.

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Agreed.

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You're absolutely right. Personally I dont believe in massive campaigns to bring on random new users. I think its better to reach out the existing communities and work out with them how LEO/HIVE can be integrated with that community, then the quality of content can somehow be guarenteed in a much easier way then through curating, speding lot of time weeding through all the shitposts.

That would be ideal. It gets a bit tedious looking at the seventh graph telling you what the current price of BTC is. We need to avoid going back to those days as much as possible.

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100% agree. Decrypt intends to launch tokenised comments (or did so by now, I dont know, I got some invote from them some time ago, but never really looked at it). This could be LEO in combination with HIVE. And Decrypt is just one of these communities. What about all the other crypto news sites? Some time ago a voiced this in a 3Speak elevator pitch type of preso in form of a video. Mentioned this a few times to some of the large stakeholders on HIVE (publically and in p2p chats); No response though which makes me a bit sad :(

That is pretty sad. I don't use it at all, but I think the tip model is pretty interesting too. I know a lot of communities use that.

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Tipping is a nice idea, Patreon is very successful with a variation of such model, subscriptions.

Get community feedback

Now that you have mentioned, I'm grabbing the occasion to mention my post in which I made a few suggestions that can improve the frontend, especially when Twitter users land on Leofinance.
Our friend @edje also has a bug report/suggestion made a few days ago.
I don't know who to address, have tried Khal without any success. I know he's busy, but I'm still trying.
Otherwise I love all these new things and hope Hive and other tribes will follow.

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Drop it in the Leo discord group or DM @khal directly.

He will put it on the list if it is a good idea.

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Thank you, I just did.

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 9 days ago (edited)

D*man you ARE persistent! Super! :) Was a bit quite this week, I think, hope as of next week or so can become a bit more active again. Need to find my ways to the Leo Discord as well.

I am! It's the only way to get things done :D
I also had a rough couple of days and hope to be more active. Do you need a Discord invite to Leo? Or you just need to find time.

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Well, if you found Leo Discord, am glad to receiuve a link. Just tried to find Leo discord, got as far as Khal, but not the discord itself. FOund some links at Ecency search and also on Google, but all invalid.

This link should take you there

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tried but seems not to work :(

Try this

https://discord.com/invite/KgcVDKQ

I got it from the FAQs here

https://leopedia.io/faq/

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How silly of me; In another comment I stated Leo knowledge shall go into a FAQ and Wiki. And I dont look for the Discord there, but in Ecency and Google LOL 🤣🤣🤣

Am in the Server! It worked! Thanks :)

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This link should take you there

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Actually this link not the other one!

https://discord.com/invite/KgcVDKQ

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Thanks, you beat me to it.

My views might come off sounding a bit strong at times; harsh. I mean well and it's good to see others thinking and talking.

I'm impressed with LEO. 'Success' only comes after progress though. Seeing LEO progress towards hopeful goals then turning them into a reality is bittersweet for me. "This content thing doesn't work, hasn't worked for four years, so go make another token and the same concepts will work there, but not on Hive, because reasons." Ridiculous. If I'm a consumer, I don't want to be forced to buy thousands of different tokens because my interests vary. If all these different communities aren't connected to one token, most fail. If I had to buy food but required a special currency to buy bread, a special milk token, a special soup token, a special Doritos token, a special Coke token, a special Pepsi token, a special pork chops token, a special steak token.... I'm going to say screw this store and go to the one that lets me use my main currency, then maybe purchase products that offer perks but much later after I've had a taste and find I consistently enjoy, whatever it is.

Right now I can support LEO without needing to own a massive stack of LEO. I can contribute towards its success indirectly. A community that creates it's own market dies out if it gets cut off from the global market. A planet with one productive city is not a success. Create a few more productive cities and things start looking better. Then remove the atmosphere and watch everyone die.

I'm just confused as to which direction Hive is going. And nobody here can convince me millions of people would be interested in purchasing the power to elect people who don't even interact with anyone or state clear goals, showing a path that clearly benefits all involved.

Still. I'm glad to see LEO doing well.

I'm just confused as to which direction Hive is going. And nobody here can convince me millions of people would be interested in purchasing the power to elect people who don't even interact with anyone or state clear goals, showing a path that clearly benefits all involved.

Hive is going in the proper direct, many different ones. It is a back end database. What is built upon it is the crucial factors. It is no different than Ethereum; that token got a lot of attention during ICO, cryptokitties, and not DeFi. Do you think most people on there care about Ethereum? I dont. Most are after the return and Ethereum is where the action is. If it was elsewhere, that is where people would be headed towards.

As for the wintesses, they are doing what they are paid to do, run the blockchain. It seems everyone wants them to be the "leaders" of Hive which they are not. In fact, it is evident most are not really able to run businesses. They might be developers yet are not ones who know marketing and growth.

If people want a change, that is where buying the tokens comes in. Stake changes the power of one's witness vote. So the question is who is going to do that? Ultimately, it will come down to those at the second layer who have a vested interest ie the builders.

As I wrote on a few different occasions, Hive desperately needs a couple more wealth centers. Right now all the wealth is in the Hive token. If we have a few other projects take off, like LEO is doing, suddenly people have a lot more resources than before. Suddenly, they have more of an interest.

Hence, they might be willing to power up to support, for example, Leofinance as a consensus witness. That would start changing the power structure of Hive. Get 5 or 7 witnesses in, and suddenly the entire situation changes.

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I do understand the basics.

Most are after the return and Ethereum is where the action is. If it was elsewhere, that is where people would be headed towards.

The crypto crowd focusing on the crypto crowd doesn't seem to notice how the crypto crowd doesn't seem to care about the crypto crowd or the projects, only the personal gains. Take the money and run.

What I like about Hive is the fact it can appeal to the rest of the world, since it can offer something most people enjoy, and those people have a lot of money. I look at that market. Not the candles.

As for enacting change. It's pretty damn expensive to buy a decision here, which is good for the security of the chain, of course. No chance of a hostile takeover. So we need to work together towards common goals. Even that little consumer spending 20 bucks needs to know where that money is taking them.

Anyway. Good talk.

I'm just confused as to which direction Hive is going.

Welcome to the world of decentralisation without leaders or an entity that takes the leaders role. That's where HIVE got into when splitting of from Steem. Not saying the leadership team at Steem (STINC) was so good for the chain.

LEO is centralised, a team of people who create the tech, and think of ways to market the community. Any successful service requires organisation. I think this can be done in a decentralised way, but it requires serious individuals, with great ideas, but even more, with passion for what they do, commitment to make the project a success and experience would be a good bonus. I think most of that is lacking at HIVE, and most to all of this I do see in the LEO team (and community).

Decentralization doesn't mean chaos. No single point of failure is all it means to me. Decentralization doesn't diminish the opportunity for an individual to rise to the occasion.

Hive is the NHL. LEO is a hockey team. Creators are the players. Consumers are those thousands of people sitting around the ice and without them, there's no NHL.

;)

Decentralization doesn't mean chaos

Agree, but structure needs to be found. Something that is not available in HIVE, or when so, its quiet about it. Decentralisation requires better systems to communicate and to connect people. I tried to connect with relevant people for some of the idea I have, the network I have that I bring as an asset, and in need of some other roles, but absolutely zero response: not publicly not in p2p chats, and I've done my best as you may be able to see in my post history (the rest is more difficult to see, but believe you me, I tried). Am a bit tired at the moment trying to organise and bring some great idea into reality.

Frustrating hey! What's worse than zero response is being shot down and made to look like a fool, then years or months later seeing a few ideas come to fruition successfully, on other goddamn platforms LOL!

That's politics for you though. I've been pointing out this market of consumer money since long before it became commonplace to see an artist making thousands selling digital units or streamers earning thousands in tips within minutes, on other platforms. Been screaming "market this platform to consumers! It's a better deal to them!" forever. But instead we got, "No no! We need to downvote successful acts and get them out of here in order to protect our precious reward pool from these dastardly pillagers of doom! Then we must go on Twitter and attract more content creators since for some reason we keep losing people to perform in front of empty seats!"

Oh my god my sarcasm is going to get me shot one of these days...

LOL LOL .... cant stop LOL .... but indeed, very frustrating!

Oh my god my sarcasm is going to get me shot one of these days...

Keep on doing this! We need humour, and the black kind is cool to me! :)

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Where is Hive going?

Good question.

Does it even have a road map anymore?

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$18,000 annually? That's $1500 in a month, I don't know but then I can't extensively say if it's expensive or affordable depends on a lot of conditions. In reality we need that much number of users here and as for engagement we all know leofinance is rocking it in that aspect. Th reward system has become even more favourable for curators and commentors and I believe we have all it takes to go that far. It makes senses from an outside perspective and anyone who's coming In is presented with the potential that's here.

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Over time, the increase in advertising revenue will pay for it. If we move towards the 100K users that Khal is referring to, then $1,500 a month is nothing.

Thus, we need to view it as an investment in Leofinance's future as opposed to a cost. If we can get the user based upon to 5,000 using this tool in a rather short period of time, that will have significant impact across the board.

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That's right, viewing it as an investment in leofinance's future probably summarizes it, I get the more audience, the higher the ad revenue and with Leo gaining that huge attention, it's logical prices will thrive,it's all exciting and it's even more exciting that Khal is making moves.

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Some of those eyeballs will end up filtering through to content creators themselves. This is especially true if we get more people commenting and they get rewarded for it. Having more people getting rewards, even if they are a few cents apiece, people will realize how different things are.

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Exactly, a few cent now might not just be a few cent later and even if it's so, it's earning for absolutely adding Value of which wouldn't be appreciated elsewhere.

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Yeah there are two points:

  • a few cents might be worth 2x-10x down the road.

  • a few cents on each post adds up over time. Put thousands of the posts up over a year and that starts to add up into some money.

Considering what most get off YouTube (and nothing off Facebook or Twitter), then we see a marked difference.

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That's a great way to look at it, I'm think people would prefer little to nothing, it's not even Just about the little it's about building it, having a stake, a claim that translate to real time money. I explained this to a newbie who wants to join leofinance and he was estatic

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What we really need is people drawn to the different communities who find the topics to be dear to them. They comment because it is a topic they are interested in. The rewards are a bonus.

There are thousands of blogs on the internet where posts get hundreds of comments, which payout exactly zero.

If the payouts are a bonus, people will suddenly be even more drawn to this place.

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As I said multiple times on my posts, I would donate some of my rewards for great development that can be achieved for either HIVE or LEO.

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In the grand scheme of things, 18k is nothing. When 18k is seen as too much money to spend on growing a business, than the business will never grow. In the fiat world, to create tech and grow some busines, easily millions are required to get things moving. I really love the fact the LEO team is looking into spending money to grow the business, SEO is important. If we have volunteers in our community able to do something similar to what such company can do, fine with me... But even the voluntary marketing team on HIVE is not what marketing should be about imo. Therefore paying professionals to help, is a good idea.

Leofinance could grow as a front end if it included the possibility of sharing the post in communities (I don't know if this is possible).

Obviously Leofinance is more sectorial in terms of issues than a more generic front end such as peakd or the same hive.blog where users can share any type of content

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Well you can tag any post to go into a community. Whether that community accepts it or not is another story.

Yes, the more generic front ends could have a much wider impact than Leofinance.

However, the communities and focused interest is where the power is. As I keep saying, what if there were 10 communities making progress like Leofinance? How much different would things look from the Hive perspective?

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At the moment I don't know of any community that is progressing with these numbers.

I believe Palnet may have potential but it seems interactions are more focused on the Discord channel than the Hive community.

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Palnet seemed to stall out. It doesnt look like there is a lot going on there, at least with the UI.

Not sure what the other communities are doing specifically since my time is used up with Leofinance with some on Stemgeeks.

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Nothing causes a loss of confidence more than stagnation.

I think this is critical. For users that are using the interface and the platform now, it is encouraging to see that things are happening at the required pace. This gives user the confidence to talk about the project and outreach.

I know the team is working on it and hopefully the onboarding of new users will happen as planned. We need more users on the platform. Numbers matter.

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Absolutely. Consistent roll outs of new features or ideas is vital. When things are consistently happening, if something is delayed, the community is still confident. People understand stuff takes place with development. However, if nothing is being delivered, this means that a setback is taken as if nothing is happening.

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Yes, that way the community is confident in talking about the development to their peers. We need more users on the platform. Even active readers and commenters are fine who would actively engage.

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Even active readers and commenters are fine who would actively engage.

Without a doubt.

We need to get people here who will read the articles and want to interact in the comment section. It is one of the reasons why I feel current engagement is vital. If we can produce a comment section that is vibrant and thriving, newer people will naturally gravitate to it.

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LEO Finance is growing and comes with new features that leave in the mirror the other communities and Hive. The platform is a pioneer and is avid for evolving and use all the latest financial instruments at maximum. I love that most and second I value the information shared around like the DeFi projects and one token that I've jumped into as well - the RUNE. Precious community!

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That is all true but the entire ecosystem would be better served if the other communities were doing something similar. After all, there could be a lot of people who sign up for Sportstalk, as an example, yet also have an interest in money.

When people are pulled in from different sources, once they find out their account is the same across the entire ecosystem, some will gravitate towards other communities and DApps.

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It would be great to see 100k new users on Leo. I think that's definitely possible. People love to talk about money!

I just wonder when or if we will see that many people on Hive itself. People probably see that most posts get no interaction and only earn a few cents anyway. I think the interaction people can count on when they're using Facebook, Twitter, YouTube, etc. is worth a lot more to the random person than a few cents worth of a crypto they may not even understand how to use.

I'll be here either way, though, and hoping for the best.

I just wonder when or if we will see that many people on Hive itself.

If they are posting on Leofinance, they are on Hive. The two cannot be separated. Hive is the backend data storage for Leofinance. As soon as someone signs up with a metamask account, a leo one is created.

Thus all interaction is on hive so, 100K on Leo will be 100K on Hive.

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Yeah, I knew all that. I guess I meant I hope people care about Hive too. They could feasibly have like 50 HP and never buy more but have much more Leo. I could see Hive being the forgotten backend of things for some people.

I could see Hive being the forgotten backend of things for some people.

Hive will drift to the back end which is fine.

There is something that cannot be escaped: people need Hive to operate on the blockchain. As the numbers grow, applications are going to require more Hive to delegate to their users.

This will be the ultimate in buy pressure. Someone is going to have to provide the HP for the users to operate.

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True, true. I'm along for the ride either way.

I am along for the ride too and adding along the way.

Trying to accumulate as much as I can to take advantage of the inevitable run.

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The two areas highlighted are already being done by Leofinance. Engagement on the platform exploded over the last few weeks as a concentration in comments was pushed. It is aided by the fact that we saw a change in the reward curve that made it more sensible to reward comments with upvotes. Also, there is no dust on Leofinance which enables a payout on even the smallest of upvotes (in LEO, HIVE is still dusted).

Start the process of reaching out: a lot of the growth of Leofinance is because people on their reached out to their friends and colleagues. Many deal with others in their investing and mentioning Leofinance is a great way to start attracting them. After all, the best marketing is word-of-mouth.

Some people don't notice the changes that are happening. Like I was ignoring the interface of leofinance.io for a good amount of time, till @trumpman reached out with a comment and saved me. Since then, I'm reaching outin discord to the people I know, especially the ones I've met in person.

Make the token desired: The price of LEO exploded over the last few months. Many feel this is because of the burn rate (which was in place from the beginning) or the advertising. While they have a part, the main reason is people want the token. Confidence in what is taking place on Leo exists. Essentially, when the team said something was going to be done, it got done. Sure, there might be delays but it eventually rolled out. Nothing causes a loss of confidence more than stagnation.

Focus upon features that will help with growth: we need those things that are going to appeal to people on the outside, not just on Hive. We need to move past the rewards as the main focus and position it as a bonus. Certainly, Web 3.0 is about rewards where none existed but that cannot be the primary focus. There has to be more.

Leoshop would be a great addition as it would have another useful use case. Here I think there would emerge a need for a pegged currency or at least a currency that is not very volatile, so that sellers and buyers are protected.

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Leoshop feel down on the list of priorities but, from my understanding, it is still on the books to be addressed.

I think we see a stable coin at some point, tied to, most likely, the USD. I am not sure how that all would work out but it is possible.

Leo is building a foundation from which more can be built upon. It is exciting to see. The LBI project is the first one that I know which is being put together outside the core Leofinance team. Thus someone else is doing something on top/with leofinance.

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I underlined some ideas of further development. Leoshop would be a pain to manage without a stable coin, or I might have a mind glitch.

For the LBI project I will be with 1k in, at least. :)

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For the LBI project I will be with 1k in, at least. :)

very good.

I am going to put in a minimum of 5,000.

And yes to maximize Leoshop, we need something stable, or accept some stable coins.

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If others want success, this all might be a model to follow.

The team behind Leofinance are just a bunch of genius that keeps working on getting better everyday, those guys are unstoppable!

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They are consistent, take the feedback and ideas of the community, and have a larger focus.

This is all tied together to make things progressing forward. Over time, like 6 months or a year, major differences can be seen.

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Great sum-up ! Very well explained. Long Live LEO and let's hope HIVE will wake-up !

The only drawback to the AI initiative is having people who are willing to use it. SEO is an easy feat, and most people won't want to do that amount of work for peanuts when they can easily earn something similar doing less. Thus, community leaders have to make it look attractive.

I'm looking forward to testing out this new tool if it comes out. I have been doing my findings on SEO and how to implement it while creating content. The tool to make things a whole lot easier.

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Well if people are holding the LEO token, they have incentive to spend the time. This could help to bring in a large number of users which would then, we presume, send the price of the token upwards.

People truly need to start seeing how all this is interconnected and how the collective mindset is really vital.

This is really a co-operative forming.

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Well if people are holding the LEO token, they have incentive to spend the time.

Indeed any LEO token holder has an incentive, but the LEO community shall be very much aware that the small token holders will eventually stop whatever they try to do to support the LEO community, going the extra mile and all, when the large token holders are sitting back and relax. Am not saying this is happening in the LEO community, but that is what the reality was and still is on HIVE and our former chain. Large token holders shall set examples.

Large token holders shall set examples.

Without a doubt this is a true statement. And that is one of the differences we see on Leo, how the larger accounts are behaving. Many are more involved via posting regularly, commenting, and upvoting comments. We also see a number as part of the Twitter Lions which helps to spread the word of Leo.

We need to drill home the idea this is all a co-operative and everyone has a stake in it. For this reason, the success is up to each of us to do our part to move things forward.

It is a completely new mindset from what people are accustomed to. Yet it is one we will all need to adopt in the future as these types of systems are built out and tokenized.

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It is a completely new mindset from what people are accustomed to. Yet it is one we will all need to adopt in the future as these types of systems are built out and tokenized.

100% agree its a mutual effort. In the land of decentralisation everybody has a role to make what we like to be part of, a success!

To truly be successful, we are going to have to overcome the 80/20 rule where 20% of the people do most of the work.

It will require the efforts of a much greater percentage.

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Lets turn the 80/20 into 20/80: it'll be a challenge in a challenge in a larger community. In a smaller one, we kinda all know each other and with the right push we can support each other to get more involved and do things. But lets have a positive attitude. Will be able to turn the 20/80 in 80/20 for sure! :)

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I agree. In a larger community, if 20% of the people are commenting, as an example, that might be a huge number. However, in a community like this, we need 80% of the people to be involved.

So I agree, let's turn the numbers on their ears.

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SEO is an easy feat, and most people won't want to do that amount of work for peanuts when they can easily earn something similar doing less.

Good point. I would at least try my best with it.

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I still believe this is just the starting point for the success of the leofinance as a whole. More still await us

It is aided by the fact that we saw a change in the reward curve that made it more sensible to reward comments with upvotes. Also, there is no dust on Leofinance which enables a payout on even the smallest of upvotes (in LEO, HIVE is still dusted).

Yup. I have no doubt that LEO will be able to get new users to try out the platform. The question is retention. Getting people to stay engaged daily with comments definitely helps. I would love it if Hive would copy LEO in regards to the curation rules. The whole time of upvote affecting curation rewards on Hive is so unfair to manual curators. It also adds needless complexity when you have to explain it to newbies.

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I would love it if Hive would copy LEO in regards to the curation rules.

That is true although some of the tribes are following suit meaning that there might be more comments put on posts made within those tribes.

The fact that all flows through to Hive means there will be more overall interaction if people follow what is being done on Leofinance.

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To me hive is more like a place to share my thoughts and more like a family
And leofinance community is great also because of leofinance other communities are also getting some attention

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I want to participate in the AI SEO project to drive traffic to our community.
I have filled out the google doc form.
@shortsegments

PS

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