Micro Blogging Needs Macro Resource Credits

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I believe most of us here on LeoFinance and even in other communities are excited about the prospects of the microblogging app Khal and his team are almost finishing up.

Why would it succeed where others failed? I don't know, why is Leo such a massive success where many tribes failed or haven't evolved significantly?

We can find a few reasons:

  • Khal and his team keep developing
  • he listens and fills in demand
  • he invested in growing Leo
  • he rarely misses opportunities (created wLeo immediately after wHive based on the same code initially, but look at the discrepancy now!)
  • he understands and uses marketing well
    etc.

So yes, I'm also excited about the new app yet to be named, and about the possitive effect it will have on Leo and the entire Hive blockchain.

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Entire Hive blockchain sounds too inclusive, and in a way it is, indirectly. It is unlikely that most of the users of the new app will be interested in Hive and its apps, but some will.

That's because the target audience of the microblogging app is the Twitter users, and the app will have a Twitter-like experience. And most of them will probably resume to using it as a Twitter alternative.

The little big difference here is that Leo's microblogging app will have its own token, and staking it, using it, learning about its tokenomics, or trading it will bring more users close to cryptocurrencies. Leo, Hive or other Hive-Engine tokens may be the first on the radar of these users of the app.

Indirectly, a successful microblogging app requires a lot of resource credits, so those will come at high demand.

Why?

For two reasons:

  1. It's much easier to write one-liners (tweets) than it is to write a long post, so expect their numbers to be high, even very high in moments of excitement
  2. It 'costs' much more resource credits to write 50 one-liners of 100 average length than it is to write a 5000 characters post.

Therefore, for a smooth experience - while still lacking resource pools at the blockchain level - new active users will need much more than 15-20 HIVE delegated to them, if they use the microblogging app.

Or they'll have to buy and power up them directly, but then what's the advantage of being on a platform where most people don't even know or care they are on a blockchain?

That's how it comes an instant need for more Hive! Add to that the need for resource credits for free onboarding and we may finally have the ingredients some have predicted ever since resource credits were introduced back on the other blockchain.

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18 comments
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It is unlikely that most of the users of the new app will be interested in Hive and its apps, but some will.

I would kindly disagree with this statement. Many on Twitter are blogging somewhere and sharing the link on Twitter. Those blogging platforms are centralized and domains are not for free. So you pay for something that is not yours and can be taken away anytime if you don't play nice.

These bloggers may come over to Hive and use dapps, communities for long content.

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I agree with you, IF we are talking about serious content creators. But Twitter holds - as many social media platforms - even more users only interested in making conversation, following and voting for friends or cellebrities, etc.

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It depends what circles you are in I guess. I've been concentrating on promoting my products, so obviously that's the side I see mostly.

Either way, there's plenty of room for both.

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At least you see mostly only what matters to you.

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I see what I want as there's a mute option or unfollow, so I'm using both, depending on the situation. I'm not going to scroll through tuns of junk I'm not interested in. Life is already hard enough.

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I chose the option to use the platform less frequently. And I don't have other accounts on centralized social media platforms, fortunately.

Life is already hard enough.

Couldn't agree more.

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As about RC, that is indeed something to consider, but I think we can help as well, Delegating 25 or 50 Hive would help. Obviously this depends on the person.

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Yup, that is a solution, but punctual. If many users join, that probably is not ideal.

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Taskmaster has just said he thinks there will be a small delegation like 10 Hive. That will help a little.

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Microblogging is also a pathway into DeFi. This is something that more people will be interested as time goes by. Thus, the idea of having a Hive account is going to be something of value down the road because of all it will allow one to do. Do not forget @threespeak has a major project that is going to be released soon.

Yes RCs are required for all this. However, having a system which monitors those who are delegated to will help. If one is not active take the HP back and give it to someone who is more active.

Plus since this uses comments, the RC per activity is a lot less.

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Yes, I also believe LeoFi will be a huge deal and might become interesting to some of these users, because they keep hearing of Defi.

The fact that it's created by the same team as the microblogging app might help them make up their minds.

About anything else in the ecosystem, that depends on each user and on each project. It's a great opportunity for sure.

However, having a system which monitors those who are delegated to will help. If one is not active take the HP back and give it to someone who is more active.

Yup, that will take the pressure down in time. But if the initial impact is high and many new users join in a short period of time, the resource credits will need to be available. We can always help by delegating to leo.voter or a different account set up for this purpose, don't we?

Plus since this uses comments, the RC per activity is a lot less.

I didn't know comments use less resource credits than posts.

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I wonder if there are still folks believing Leofinance is doing bad to Hive...

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If they were I wouldn't mind if they brought some solid arguments. Diversity of opinions is beneficial.

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It might that at the start will be some hiccups, but users will grow gradually, also having time to learn where they are. Yes, if we have 10k new users a day, it will need some RC, but if they come in gradually they have the chance to build up or buying.

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Yup, I agree. But that still means more RCs will be needed if the app is successful. That's ultimately good for Hive and it will happen with any (d)app that becomes popular, if they need RCs for onboarding or operations of users.

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I would stop paying in Hive and let only the witnesses get it. By this the needed Hive for RC will have a better price.

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