ListNerds Updates & Community News

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We've got a lot to go over, let's get right into it....

Elephant in the room....

Inflation at ListNerds isn't ideal. And that's putting it lightly. It is our number 1 priority to get fixed and we have begun the process of slowly lowering it over time. There has been issues brought up about the platform but the majority of them seem to spawn from our inflation.

We've always proclaimed to be entrepreneurs first. The blockchain stuff is new to us and this is no excuse for the current state of inflation. However we have networked with some amazing people on the blockchain, and have a game plan to move forward. Inflation will be lowering over time but not in one big swoop.

This will get fixed, especially with the use cases that will be coming to the platform, including more opportunities to actually use the token for purchases as well.

Less Focus on Updating Via Videos / More Text Based Posts

In an ideal world, we'd get 100's of people coming to our live streams that we host each week, and we'd have a fantastic discussion with the community every time we do live. Unfortunately, the majority of people don't watch our shows. Ego bruised lol

But seriously, we think it's a good idea to still mention everything we're doing in the live streams, but put more emphasis on writing blog posts with the things we're discussing. That way the community can see it, share it and contribute to the discussions!

Rep Reset

We addressed this in last weeks live stream, and had a great discussion with those in attendence. We decided it would be best to reset everyone's rep inside of the platform. For a few reasons...But before we get into it, this does NOT affect your ability to earn tokens from using the platform.

The rep was always meant to guide newer members of Listnerds, into following amazing marketers and creators. We had over 130 people, with 100 rep. And that just doesn't help anyone. And to be honest, even since the reset, we're not thrilled with how it's been going and we really want this to be something people shoot for.

The rep on Hive is the ideal model, where it takes time and effort to rise. So we will have to revisit this in the future on how to properly create a reputation system that helps everyone on the platform.

Communication!

This comes as a wake up call to me specifically (@jongolson) because I try to be everywhere on the chain. I do my best to be active, and VERY visible. However it's come to our attention that we need to do better.

This falls 100000% on my lap, because that's my job description. So going forward, we will do a much better job of being in front of people through blog posts, email and Discord updates. We don't want you for a second, to think you are not valued. And that's the feeling people get, when communication is not 100%.

I know for me personally, I've had a hell of a summer. However, things are calming down and this is the time I will make sure to put communication first and foremost for the CTP and ListNerds community.

That being said....I am an open door!

Please let me know either through this blog, my personal blog, or in our Discord ...How we can improve! If you have any issues, please feel free to come to me directly and I'll work with you to get everything handled.

This team has risen from the ashes more than once in our careers, and we aren't going anywhere!

We are help to help you anyway we can.

And hope this new approach to communication and getting ListNerds's inflation under control, will help gain the confidence of the community.


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38 comments
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All good updates. For sure needed some changes and the rep reset and recalculation seems to be working out rather well. What really gets me interested and stacking everything is what it can be used for later Hints dropping!!!

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Oh man, wait until you see what we have next. Knowing your history, you are going to LOVE it!!!

!CTP

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To me, this is a great step forward and I'm glad to read this.
One little note though, I'm missing the info about the 20k MAIL token costs for the SOLO mails and change in mail token earnings.

The rewards were way too high with 1600 LN / mail, so something had to be done, I just didn't read anywhere that this was going to be changed. I do approve on the change, but I think if it's not communicated yet (as well as the payment in USD only) this belonged in this post as well.

But again, it's a great step forward and I hope to see many more of these announcements from now.

Thanks!

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Yeah once we get everything settled, we will announce any change going forward and I'll make sure I detail them in these posts to give everyone a heads up!

We did the whole 'announced it in a video' for the SOLO changes, so going forward, we'll make sure it's in print.

!CTP

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It's great to hear that the project is still developing. It is necessary to give more uses to the token so that people want to have it and simply sell it at the first exchange.

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Yeah that's expected in crypto, people have very short attention spans lol But we'll be here tomorrow and the next and the next.... :)

!CTP

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great to read this as it is nice to know what is going on and what you are doing! Keep it up with some !PIZZA

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Thank you gents! Appreciated!

!CTP

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Its good to hear the inflation and reputation are being looked at.

Some possible ideas I thought of:

  • Reputation linked also to staked ListNerds/email quality/engagement(read emails)
  • Use cases of ListNerds to pay for subscriptions, sending extra mails
  • The creation of a ListNerds curation account for upvotes based on email scoring/staked ListNerds
  • There should be a way to earn for curation in ListNerds - this is the biggest gap right now imo to attract more readers to view and upvote content
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  • We tried to tie reputation votes into how many ListNerds you hold, which is what we want to find a good medium to make sure large stakers are rewarded.

  • Can't do subscriptions on Hive unless it's with HBD or Hive. Hope that gets changed, but that's on a blockchain level currently.

  • We did the @listnerds account where people can delegate to it, and they are rewarded with shakey shakey chances.

  • We'd have to figure out that, and see if we can build some way that would help us buy more LISTNERDS off the market.

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Thanks for getting back to me, looking forward to the show later!

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Thanks for the update!
BTW, for tipping with CTP, do we need to have CTP staked on Hive-Engine or is staking on Listnerds itself ok. And, how much needs to be staked to allow us to tip?
Thx!

Posted Using LeoFinance Beta

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It's tiered, so the minimum is 100 staked CTP and goes up from there. You can give out up to .6 CTP per tip if you have a large stake but guaranteed at least 20 x 0.10 CTP per day with 100 staked.

!CTP

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I have been waiting for this post. All-in-All adjustments are needed and a good thing. I totally agree with the reset of Reputation and see it as a step forward. And while i understand adjusting for inflation I was a little disappointed to se my ListNerds earnings have such a huge drop. My mail credits went from 1200+ down to 300+ that's more than a 50% drop and my daily went from 170+ down to 64+, again more than a 50% drop. This may seem small & insignificant to those holding over 100,000 already but to the small guy like me that was huge.

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So that's why it's important for us to get inflation handled.

Right now, you may feel like you are losing out but once we get everything sorted you may get 'less' tokens every day, but they will be worth more. Right now, you are getting a boat load of tokens daily, and the value is tanking.

!CTP

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I hope this is so. The value has really tanked, I wonder why. I can't even get anything worth while for the tokens I unstaked. If the tokens are still worth 2 hive, why are the selling for so low?

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The value is whatever the market says it is. So if people feel like inflation is awful, they dump and tank the price. Our job, is to create a token and platform that people see value long term in.

Which is tricky, because crypto markets rarely think...Long term.

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About the rep reset the same folks as before are climbing like crazy again so I am not sure resetting again is going to do any good till you come up with a way to work better.

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Yeah we will need to find a comfortable algorithm to help it balance out. *Subject to change

!CTP

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But seriously, we think it's a good idea to still mention everything we're doing in the live streams, but put more emphasis on writing blog posts with the things we're discussing.

I'm definitely in the category that prefers to read.

Investing hours into video content is just not feasible.

Cheers for putting the time into doing text based updates as well.

Posted Using LeoFinance Beta

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For sure, me too actually lol Just ego got me thinking everyone watched our videos lol

!CTP

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I think those are all good issues to consider and I do think those changes will help. I don't really blame them for not watching the videos because sometimes 3speak is just down

Posted Using LeoFinance Beta

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Great speech! Encouraging! Well-informed and equipped. Thank you for this post. Many thanks for your work and your tremendous effort of keeping the community together and developing. I can see that many peeps commented, and a big communication is already happening. Thanks to all of yous 🙂
We totally understand that things here need time. And we always remind ourselves - and those around us, that it is important to take care of ourselves and take enough time off to stay in balance.
We, Grow&Bow, Lluna & Mazin, we are with you 😌🙏
Take care!

!CTP

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Well, I think almost everything I was going to mention has already been commented about.

I agree that there needs to be some scarcity of the ListNerds token for the price to go back up a bit. I also believe that dumping played a big role in its declined value.

I do see the reps climbing fast again. I see that Blain had decreased the votes to even them out, but I think it needs to be done on an even smaller vote value. We are going to be in the same situation in a few weeks.

You are right, it should be more like Hive, and it should take much longer to increase the rep value.

I have known you for a long time, Jon, and I know you are not going anywhere. You have my support.

But you know, these are good problems to have. It shows the growth of the program.

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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'm still excited about Listnerds, CTP, and Hive. I believe in the team and will not let resets or hiccups scare me off. Honestly I'm old; I've seen a lot of stuff; Not much really scares me any more. Carry on! !BEER

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@jongolson, I was not expecting a big increase in tokens for the solo mail.
I think a gradual increase should be applied every 2/3 months so that it benefits all.
Not complaining just saying.

I am looking forward to the new features / use cases.

And i am glad you have decided to do posts regularly.

!CTP
!ALIVE

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Thanks for the info! Yea i saw my rep reset but I figured it was part of a new update. There are a lot of moving parts so we understand. ListNerds is the 1st blockchain project of its kind, so of course there will be a tons of trial and error before things are more stable. I'm in it for the long haul. Excited to see what the rest of the year holds

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Thank you Jon!
I'm so happy to hear that things are calming down for you.
Enjoy the rest of your day.
Thank you for the awesome information.
Barb :)

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(Edited)

Enjoyed reading this; lots of good details as to what is going on!

About being everywhere at once: glad to know things are calming down for you, and thank you for prioritizing communication with the Listnerds community and being responsive to that need. When we get the details we need from you, timely, about what is happening, it keeps uncertainty and hard feelings down as we go through the growing pains of Listnerds.

Just a quick question to clarify the rep issue ... so there were over 130 users with a rep over 100... but how bad is that, given that Listnerds presumably has 22,000-24,000 users? 130 is only a little over one half of one percent of that.

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