To Listnerds or not to Listnerds?

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(Edited)

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For most of us, the idea of E-mail marketing or even traditional mail marketing brings up a lot of negative feelings. Ideas of chain letters, spam, junk mail, ponzi schemes and the like are enough to turn you completely off from the idea.

Trust me, I was in the same boat.

Yet here I am, two months later still using Listnerds and actually finding myself growing and enjoying it.

You have probably seen a fair share of posts about Listnerds by now. I would imagine 99% of them are bubbly sugar dipped post singing the praises of the platform and the awesome potential it has.

Oddly enough, those posts aren't necessarily untrue. There is a lot to like about Listnerds. It has some awesome potential and I am more than happy that I jumped into it fully by buying the Enterprise subscription and giving it a shot.

That doesn't mean I don't have a few concerns about the platform, and I plan to cover a couple of those in this post.

That nagging feeling

Probably my biggest concern right now with the platform has to do with the tokenomics. Listnerds utilizes three separate tokens.

  • CTP tokens allow you to upvote (or downvote) mails in the system. The more CTP you have staked the more votes you can make in a day. Pretty simple. I have a steady stream of CTP coming in from some miners I bought a long time ago, so I am not too worried about this token.

  • MAIL tokens are earned from clicking on links in mails. Got that? You need CTP staked to earn MAIL. MAIL tokens allow you to reach a bigger audience with your mails or in the case of the higher paid tiers you can trade them in to send solo mails (verified emails).

  • Listnerds tokens are what you earn from getting verified mail messages (or staking other Listnerds). It takes a total vote score of 20 to get your mail verified once that happens, you mail gets a share of the Listnerds pool.

As I said, my biggest concern lies with the tokenomics and most specifically with the Listnerds token. At around 1.5 to 2 Hive per token, it is pretty attractive. The issue is it takes 10 weeks to unstake the token. When you receive your Listnerds, they come already staked. I like many people have started to power down a small portion of my Listnerds each day/week.

For example if I earn 220 Listnerds in a day, I will leave 200 powered up, and I will unstake 20. The hope is that I will eventually have a steady stream of income coming in that I can use to pay for the monthly price of Listnerds. The issue is, after 10 weeks there is no guarantee the ratio of Hive to Listnerds will be where it is right now. In addition to that, given the slide of pretty much all cryptos this past week, It is going to take much more Hive to pay for that monthly subscription than it would have in the past.

I'd hate to think I am putting all this extra time in (Listnerds does involve some extra time) just to have the ratio of the token break in a unfavorable way. I guess that is the risk you take by investing in crypto though.

It's not a pyramid scheme

That's my other hesitation point with Listnerds. It isn't a pyramid scheme, but there is a bit of a multilevel marketing aspect to Listnerds. You can add people to your downstream so that you get some benefits from each person they bring on and each action they take. Not so bad if you are one of the people at a top level, but likely more frustrating for people lower down.

It's not necessarily a bad thing, but there are a lot of negative feelings towards this sort of structure. It could be a big turn off for potential users of the platform. That being said, if you are interested in checking it out. You can use my referral link here. Shillers gotta shill right?

The Good

Remember I said there is a lot of good about Listnerds? It's true, there is. In my opinion it far outweighs any of the "bad" or hesitation I might have about the platform. Like I said, I am two months in and I am already saving up my hive to pay for my third month of Enterprise now.

One of the things I really love about Listnerds is it has gotten me out of my curation rut. I think it happens to all of us where we find ourselves commenting and curating the same small group of people day after day. I think that is natural and not so much a bad thing. We know what we like. No shame in that.

However, Listnerds puts authors and posts on your radar that you may have not seen before. Maybe it's something from a community you don't normally follow or even knew existed. Listnerds gives you the ability to spread your vote and your comments around a little more. In return, those people (and others using Listnerds) start coming to your blog as well. I've picked up more followers in the past two months than I probably did in the past year.

That's actual commenting, voting users. Not bots, and for the most part not spam comments either.

I'l be honest, not all content on Listnerds is top-notch, but the new reputation system they have implemented gives you a pretty good idea of who is putting out good stuff and what you can avoid based on the opinion of the community.

If you are one of those users who insists you are here for the social aspect of Hive and not the rewards, then you are really doing yourself a disservice by not using Listnerds. Instead of having to go out and search for new content, Listnerds brings the content to you. Remember that post I wrote the other day about Push vs. Pull culture? Go check it out if you don't.

Ultimately, you are going to do what you want to do, but assuming the price of Hive recovers and the ratio of Listnerds to Hive doesn't slide too much, there is a lot of upside to using the platform. Worst case you gain some new followers, find some new content, and boost your Hive rewards in the process.

What's not to love about that?

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Sports Talk Social - @bozz.sports


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All pictures/screenshots taken by myself or @mrsbozz unless otherwise sourced

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92 comments
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Thanks for the honesty, I really like people being in a project and not keeping themselves from criticism of that venture they are investing. It's really healthy to talk about ups and downs. Hopefully I think Listnerds is really working well and keeps working well. It's also seem to be new and gaining more users everyday. More users, more content and a bigger community will be the best value in the future. !CTP !PIZZA

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I totally agree with that. I think there is definitely going to be an early adopter advantage, so if you are on the fence, you should keep that in mind. It's a really great project. I like the attention it brings to various Hive posts. It also gives you a legitimate way to use old content without abusing the system.

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PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
@casimirio(6/10) tipped @bozz (x1)

You can now send $PIZZA tips in Discord via tip.cc!

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Some great thoughts and it will be interesting to see how the tokenomics works out going forward.

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I agree. I hope they can make it continue to be lucrative. Right now we need some stability among all the chaos!

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I have a feeling that it will continue to be. The price of Hive seems directly linked to Bitcoin and is out of everyone's control I guess though. But as long as we stay in crypto, we shouldn't lose any value long term.

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Right, it's all about building now. If this is the bottom, there is only one way to go!

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Seems that as long as more fiat is going into upgrading systems than listnerds is going out things will maintain balanced.

But I am reading lots of posts about how people are unstaking their listnerds so they can pay for their upgrades that way - I wonder how sustainable the model of "it pays for itself" is.

Seems like one of those things that can easily lean towards the "it worked at first" team.

Hopefully, just like every other project in crypto, it will keep growing and there will be more than enough abundance for anyone.

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I think the benefit we have is the fact that the "team" is actively using and monitoring the platform themselves. Ideally they are seeing these posts or the behavior and they have a plan so that it is sustainable. As much as they (and we) hope people will stake, they also have to know people are going to want to take profits since it is a marketing platform after all.

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Thank you for putting out your thoughts about it here. It would be awesome to learn more about it.

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You should definitely dig into it. It think it is well worth it!

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Thank you. I will definitely need to learn how things work there.

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Just go sign up.

Can't learn if you don't have it in front of you.

At first, you only get to read and upvote four emails per day so you won't be spending much time there anyway.

They have made it so you can "upvote" content without using your HIVE Power.

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Yes, I'm already in :) Gotta do the daily task and then explore

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This is a fair and honest review i love it my friend you have done an outstanding job.

Keep crushing it, fellow Nerd

Have the best day

!ALIVE
!CTP

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I really like the idea of Listnerds although the latest changes make it much more difficult to make a profit. Now with a couple of whales voting against you, the email will never be verified.

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As long as you keep your reputation up and don't spam, it shouldn't be too much of an issue. It was a necessary step they had to take to work against the people trying to abuse the system. It sounds like it is just something they are testing out right now too, so it may not be permanent.

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I don't see how whale votes can get you too bad.

Being a whale means you read more emails - but every upvote is worth the same.

I get more votes because I have enough CTP staked to get me on the rich list - but each of my votes carries the same weight as someone who only gets four votes a day.

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I think you're wrong, it was the previous system, now the weight of your vote depends on your bet. So now you can have 20 upvotes and a single downvote from a whale leave you out of verification and vice versa also passes.

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(Edited)

Great perspective and the message has been carried out well. I didn't think about the HIVE price for the subscription cost though. It hit me smack in the face now 🤣

As for whether or not it's going to be able to hold its value, only time will tell.

!CTP

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Yeah, better make sure you have the liquid Hive ready if you subscription is coming up. At current prices what would have cost you about 90 Hive before for a Enterprise subscription will be a little over twice that.

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Yeah man, phew, it's a bit staunch. I'm just holding thumbs that the price holds up well enough to replace my HIVE.

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Yeah, me too. I don't disagree with the 10 week power down or anything but I have been on the loosing end of clocks like that far too many times. I really don't want this to be another case of that.

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For sure!

I see there is 100,000.00 LISTNERDS on the market at 2 HIVE, so I'm thinking that is an initial buffer of sorts, should things go south. Idk, I might be wrong with that assessment... I do hope, in the long run, there will be more Hodling going around and less mass cash outs. We do deserve to pay ourselves for our time, but once that 100K is depleted, is the token backed up enough. Idk 🤷

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I totally agree. I am trying to build up my stack as much as I can, but I know that we need to be taking some profits as well. I have missed that opportunity far too many times and I don't plan on doing it again.

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I keep telling myself that I will take next bull run.

lols

I did take a little this time, but I am ready to put some back in.

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I took some out last year to cover some real world expenses, but I really didn't make all the moves I should have. Maybe next time...

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Is it tanking the listnerds price with it?/

Ouch.

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The LISTNERDS on the market are tied to the HIVE price at 2 HIVE per LISTNERD, so if you had to cash out LISTNERDS today, you'll get less out in fiat value, since HIVE is down.

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I have similar concerns. How do you giveaway 1000's tokens every day with a value of about $2? Are the subscription fees enough to cover this? I realize I am thinking in terms of hard currency (which is probably my problem) but I don't see how this is sustainable.

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Yeah, that $2 isn't really $2 anymore. From what I read they have some processes in place to buy back tokens etc. This is the CTP team, so we aren't dealing with crypto noobs. I think that is important to keep in mind. I think in the end time will tell how it all plays out. Either way, we are building our account and our following by using it.

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It will be sustainable as long as the project keeps growing.

If it stagnates, it will be interesting to watch what the team does to keep it going.

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I like the good vs the ugly aspect about Listnerds. I am not a fan of email either I never had a list nor do I intend to use one. Being on hive for a few months since the relaunch is still new to quite a few of us.For those that took the Enterprise level are doing well.Those of us in the free version are doing ok with commenting and creating content.I am not a content creater. Give me a link and I'll splash it all over the Internet.But to create content as a blog it's just not my strong suit.Possibly it's not for me but it's Free. Thats my two cents worth .Great post keep up the good work that you do.

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Thanks, I appreciate it. Yeah, it definitely helps when you have your own content to promote. Beyond that, it can be a bit difficult.

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MAIL tokens are earned from upvoting (or downvoting) mails.

We earn mail tokens by clicking on links not by upvoting or downvoting...

One thing i am also concerned about is how to keep the listnerd price stable, now that hive is low, is it still going to be 1.5 hive per 1 listnerd,ofcourse the value of listnerd has decreased that way

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Edited.

That is pretty typical that the tokens move together like that. My biggest fear is that it eventually becomes .01 Hive per LN or something horrible like that.

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I had some LISTNERDS sold to get Hive and I guess it means I have to delay my subscription from those shaky shakies. In any case, I still think listnerds is a great tool to reach new users and it's does it in a way different from the existing methods on Hive.

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Totally agree with you there. I had about 10 liquid to start that I sold to help pay for the Enterprise subscription. Now it is just a waiting game.

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Nice post about the good, the bad and the ugly on Listnerds. No community is perfect though and the beauty about Listnerds is the dynamism when it comes to innovations, towarrds better user satisfaction. That is what keeps me on Listnerds.

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Yes, I think it is a little to early to assume the worst is going to happen, but it is one of the things that I worry about from time to time.

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thanks I have seen people refer to listnerd but didn"t know anything about it

I have trouble keeping up just here on Hive so I dont think I will have the time to use it but good to know what it is all about

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Yeah, it is definitely more work. we will see if it pays off.

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There's so many projects, today as I was walking to the grocery store I kept thinking that my liquid earnings are being spread too thin.

Like too thinly spread butter.

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Yes sadly ther eis only so many hours in the day so to keep up with everything we would like to is impossible

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Nice post, @bozz. I have had the same thoughts about trying to cash out part of my tokens. I am glad I am not the only one that is wondering about it.
!CTP

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It sounds like in a future update they are going to let us see how much is being powered down. That might help give an indication of which way the market is going to go.

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It will be interesting to have that data.

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Many thanks for your candid review. I understand a lot more now as a newbie.

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Thanks, I am glad I was able to explain it well for you. That means a lot to me.

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I've been using it for a similar amount of time and really enjoy it. I have yet to have a verified email yet lol

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It can be tough. If you can afford paying for Enterprise it really helps get more eyes (and votes) on your mails. Getting out there and engaging and getting your name in peoples minds makes a huge difference too. Just like on Hive.

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Maybe the Listnerds tokens breakdown will change in the future, right now I understand why they're doing it.

My best friend actually considered joining but was turned off because of that 10 weeks things. However, he's really the dipping kind. You don't really want that kind of people around, at least not yet.

Either way, I think it's something you can plan around.

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I totally understand why they are doing it as well. I've seen far too many airdrops just be dumped right away or NFTs try to get flipped for a quick buck and it tanks the whole project. I just like the idea of Listnerds being self-sustaining. I don't mind putting in all the extra work if there is a chance it can pay for itself and provide a little bit of profit.

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This is very informative. I recently learned about ListNerds and wanted to learn about them when I came across your post.
This saves me a lot of time. :)

!1UP

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That's great to hear. It's well worth signing up. I've seen a huge difference in visits and engagement on my posts.

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I am liking listnerds for the curation aspect.

Its nice to find diversified content, although, I am starting to find lots of redundancy in who I receive emails from.

I'd love to see some numbers on this project, how many mails are going out, what the open rates are, etc.

I have enough MAIL for my first mailer, 2000 was my target number and I am past it.

I just haven't found "that post" I want to share with my audience and don't have enough mail to be able to send mail 7 days after the first one goes out so I am not much in a hurry that way.

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The Enterprise tier can be pretty intense as you can send two mails per day. I like the idea that you can share past posts. That really helps make that quota less scary. Before I realized that, I was struggling to figure out what to mail out as well.

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Yeah, I had those thoughts about the price of LISTNERDS in the future. I believe we have been spoiled with the price we have now because there's no or very little selling pressure.

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Yeah, exactly! It will be interesting to see what happens when those tickles of selling start to build up. I might need to go look at the buy/sell orders on Hive Engine and see what the activity has been like.

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Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

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I've heard a lot about Listnerds, but still can't get my head around how it works. Seems like it's extra effort on another frontend, and I'm struggling to keep up just with Hive at the moment. Plus the thought of having lots of emails in my inbox.... another thing that can barely manage right now with the few legitimate emails I get and all the junk mail that comes in all the time. I'm still debating if it's worth me exploring....

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It is a separate mailbox. It is more work but it brings a lot of engagement to your posts. Maybe not a big deal for you, but for me it matters.

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I love how Listnerds increases engagement, although it causes me to better manage my Hive Power and not comment on every good post. Also it challenges me to increase my !CTP holdings as I would like to increase my voting power.

I just upgraded one step, because 2 emails each day is very lucrative, but I want to use the tool to plug my posts and to to spam and make a ton of listnerds doing so. I might change that perspective, but for now that is how I feel.

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(Edited)

An honest appraisal of the benefits, and potential issues with the tokenomics on listnerds @bozz

I agree with much of what you're saying, and as you say, although there are a few people promoting pretty spammy, or low quality, or even automated posts... the majority are promoting high quality content, whether it be video, written or art.

And you don't have to sift through much before finding something interesting, that maybe is from a content type that isn't your usual choice. This has happened to me, and my experience on hive has been enriched by that mechanism.

I've followed at least 20 new people since starting with Listnerds a month ago because of the platform.

I do think that the choice the LN team made not to simply copy the hive mode of powering down wasn't the best. Simply because it could cause two massive problems:

  1. a lot of people all hitting a powerdown around the same time... causing massive selling pressure and a potential price crash.
  2. with the hive Power Down model, selling pressure is spread out naturally with weekly payouts, allowing for less volatility and a more stable price within a range (obvs big BTC drops will smash any altcoin). LN powerdown model doesn't mage this easy unless you go on every day and make a shall powerdown every day... which i just think is an unnecessary thing to have to do.

Also, what you mention about the price of maintaining business or enterprise subscriptions, if the LN/hive price fluctuates massively is a huge concern, and could actually cause a mass exodus in a worst case scenario.

Anyway, i have a habit of writing these mega long comments lol
Gr8 article, with some interesting insights. I obvs found this liked from listnerds, and the title looked interesting 🙂

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Thanks, I appreciate it. Yeah, I have just been powering down a little each day. I talked to the team about it in Discord and it sounds like they are going to try to implement something that shows what power downs are happening. This could give us a good idea of when those big dumps might happen.

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it sounds like they are going to try to implement something that shows what power downs are happening.

That would indeed be useful. I'm the type of person who doesn't want to crash prices with mass orders but rather set smaller ones over time to allow for a leveling effect... but not everyone is like that lol

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Yeah, I am kind of the same way. Plus I like knowing whats coming. I want to be proactive versus reactive.

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