The Curious Case Of Noise.Cash
Story time....
About 2 months ago, I was poking around some @LeoFinance blog posts and started hearing about this platform called 'Noise.Cash'.
People on Leo were RAVING about it so I started to look into it more and decided to take a dive in...
The platform was clean, mobile friendly and a fantastic experience from a users perspective. The idea was that, you would create micro-content with your account and get tipped and tip others in Bitcoin Cash. The project was being funded by some BCH whales who never hid behind the fact, they wanted to raise more awareness for BCH.
I consider myself, crypto agnostic to an extent and never got into the BTC vs. BCH debates...So I dove in because this platform seemed to capture what I thought would become a 'template' to Project Blank and what was being built on Leo and Hive. I also truly believe micro-blogging on a blockchain will be the 'killer application' we all so desperately need!
I have fallen in love with Noise.
I use it much more than I use Twitter these days and in the process have became a big fan of the entire BCH project.
And I wasn't alone...
They had tens of thousands of accounts and increasing traffic to their site, that proved the massive need for micro blogging platforms in the crypto and blockchain space.
But then...They made an announcement today that really got a lot of us here on the blockchain concerned about where we, the Hive and LEO community, fit into it's future plans:
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Source: Noise.Cash
A few things:
I COMPLETELY agree with their stance to curb rewards to the low quality and some may call 'spam' content. Heck if anything, those of us on Hive and Leo have been putting up with this kind of content for years. And it's the never ending battle for a clean social media experience without spam and low quality content.
And yes, quality content is subjective...But the 'dear sir, nice post' stuff adds nothing to the discussions. I 100% support their stance.
The next obvious point to me, is that it is a centralized system and their BCH is funding this. They are free to use their funds as they see fit. So it's really hard for me to be too upset about any decision they make regarding the above stance or the one I'm about to dissect.
Which brings us to the elephant in the room...
They called out Hive and Leo by name and labeled them all 'competing cryptocurrencies'. This really made me scratch my head, but I guess they have been in a war of 'competition since the BCH / BTC fork'...However I feel this is short sighted on their part.
I became a fan of BCH by using this platform and it was actually the Lions of LEO that made me aware of it in the first place.
So for me, the competition argument doesn't make sense because I use Noise for one thing, and Hive / Leo for another. They can co-exist because they both provide a much better experience than traditional social media.
This is the 'common' enemy, there is zero need to feel like any crypto competes with the other. But maybe I'm living in a utopian dream world. I just see a dark road ahead when you discouraged from creating content on any platform for fears of being not supported or worse, censored if the content doesn't fall in line with what is deemed acceptable.
This is why we are creating on the blockchain and crypto based applications...To get away from that.
And until they make it easier for people to load up their own BCH to tip, the platform will rely on the gifts from the creators of the platform...On 'Free Tips'.
I just can't help but feel...This is a step backwards for a platform so many of us have fallen in love with!
Hopefully, Noise can see that they benefit from the Hive and Leo communities and embrace us...Because we are not competing cryptocurrencies at all. We all have the same 'enemy'.
What are your thoughts on this new development on Noise.Cash?
Posted Using LeoFinance Beta
I was surprised to see the Hive/Leo aspect of their changes. It will drive a lot of their core users away but it can still be used as recruiting ground for project blank because they will earn more on Blank. I will still use it for that and not worry about getting less or no BCH. But, it means that blank needs to drop soon because this is a perfect marketing opportunity.
Posted Using LeoFinance Beta
Amazing opportunity for Blank to step up for sure.
I hope Noise though, does retract that about Hive and Leo...I have enjoyed my time there so far, and hate feeling like a 'villain' if I speak about this blockchain lol
Posted Using LeoFinance Beta
Thankfully there's not only villain and hero, but observer as well. So let's walk the walk. !ENGAGE 5 !invest_vote
ENGAGEtokens.@anli denkt du hast ein Vote durch @investinthefutur verdient!
@anli thinks you have earned a vote of @investinthefutur !
There's always opportunity in setbacks, right? !ENGAGE 5 !invest_vote
Always...Always opportunities ;)
Posted Using LeoFinance Beta
ENGAGEtokens.@anli denkt du hast ein Vote durch @investinthefutur verdient!
@anli thinks you have earned a vote of @investinthefutur !
I think they will get a lot of feedback after their announcement and hopefully they will listen and understand the community. Nevertheless I also believe that this is a situation that Project Blank will solve one way or the other, so while I am not happy about it, I see new benefits for Project Blank even before being born. But let's see how it unfolds...
Posted Using LeoFinance Beta
Yeah, I guess at the end of the day, Noise's sole purpose is to raise awareness for BCH. So....It's their playing field, we have to adjust or just go ape into Project Blank :)
Posted Using LeoFinance Beta
Like I said before about noise cash in my reviews, this platform is to be enjoyed while it's still fun to use and those times won't last forever. The first signs of censorship are beginning to show and they won't stop here, only the BCH shills will ultimately thrive
Posted Using LeoFinance Beta
I don't know how they think a few thousand people screaming BCH is awesome all day everyday helps it grow. Ahhh well, that's why they get paid the big bucks and I just dance on cameras lol
Posted Using LeoFinance Beta
The massive growth and appeal they have will quickly disappear once people understand that either they shill BCH or they won't get any tips. Centralized systems always show their massive drawbacks sooner or later
Posted Using LeoFinance Beta
@tipu curate !invest_vote !ENGAGE 10
Yes, "short sighted" is the term here. Well, "discouraged", yes. "Censored" not - not yet. It is about their FreeTips, and yes, if quality content is not encouraged - no matter what platform is references - what's micro-blogging worth then? Leads to user's self-censorship and "they" probably will not even realize this (like other things they did not realize; refering to automatic renoise tip splits).
Me having Andreas M. Antonopoulos in mind: "[..] if mainstream adoption means adapting so that we release the principles - we start diluting the principles, then we loose the game. That is not a measure of success. That is a measure of failure." "Measuring Success: Price or Principle"
Upvoted 👌 (Mana: 0/22) Liquid rewards.
The big thing for micro content is that...Everyone can take part.
You dont need to be a Pulitzer Prize winning author to be accepted as a creator. Thats the real win in my books.
Posted Using LeoFinance Beta
Indeed. And usually anyone shows what has been found elsewhere. So imagine micro-blogging without links .... oh, Instagram is working like this LOOOOL
!invest_vote !ENGAGE 5
@anli denkt du hast ein Vote durch @investinthefutur verdient!
@anli thinks you have earned a vote of @investinthefutur !
ENGAGEtokens.ENGAGEtokens.@anli denkt du hast ein Vote durch @investinthefutur verdient!
@anli thinks you have earned a vote of @investinthefutur !
As I said in another post about this, they did hard fork off of Bitcoin do we really expect anything less from this crypto lol It's their way or they turn into a bunch of cry babies. Does anyone actually post anything worth reading on there or rewarding besides our posts lol
LOL I mean, maybe my bubble is so small LOL But seriously, the best content on that platform is...Hive and Leo creators.
Posted Using LeoFinance Beta
They really shouldn't see Leo or hive as a competition, just like we wouldn't see steem as a competition. Truth is, they're upping the ante because they have gotten audience and a voice and hope they wouldn't overestimate what they have built thus far.
Yeah this place is battle tested. We've been dealing with spam for years and now once Project Blank pops up....Oh boy, we're in for a treat :)
Posted Using LeoFinance Beta
it's quite stupid and against what cryptos are all about which supposes to be decentralization
"nothing copied from the internet"
what does that even mean? Some images on the internet for example are free to use so why "nothing copied from the internet"
Hive and leo brought so many people on Noise, some of them will buy bitcoin cash but now i highly doubt that this will continue. If they wanna turn this into something that will only promote bitcoin cash then i don't see it going far.
People will post how they love bitcoin cash without caring at all about it just in order to gain rewards
Posted Using LeoFinance Beta
Me being one of them LOLOL
Yeah it's such an odd stance!
Posted Using LeoFinance Beta
heheh spot on :P
Posted Using LeoFinance Beta
I think it will become a place only for BCH shills. They are basically saying you can't even shill their competitors like BTC or ETH. Any crypto fanatic will have a few coins they like but barring people from tips for valid content will only frustrate people. I can only see a mass exodus from their platform they themselves said only 4% would be considered good content. This would probably mean they are fine only giving those 4% tipping rights and none to anyone else.
Posted Using LeoFinance Beta
I think a big chunk of that 4%, are actually Hive and Leo creators LOL
Cutting off the foot before they even begun the race. I really hope that's not the case though :(
Posted Using LeoFinance Beta
Yea I hope its not the case and I was hoping Project Blank to be released before anything like this happened. If it did, we could of gotten a bunch of people before they left the platform.
Posted Using LeoFinance Beta
As you mentioned I got on noise.cash because of Hive .
Both of the sites are bringing traffic to each other . I love BCH because I am able to play poker with it but I don't support the announcement , we should support each other and not start a war.
I don't like any kind of censoring .
Posted Using LeoFinance Beta
Yeah and they just doubled down on their stance with their latest update.
I think their is a major misconception on our part, what Noise is meant to be. It's not a social media platform. :(
Posted Using LeoFinance Beta
Their goals are different - they don't want to free the internet but promote their own coin. So yeah - they will be a bit 'Tribal'. It just shows how much cooler Hive is and people who want a 'more free internet' will understand that intuitively I hope. Can't hurt to explain that on Twitter though and use the noise.cash hashtag (if they have one) to spam Hive a little :D Just showing them how stupid it is to want to control the web, as they can't and shouldn't try to.
That is so true. They want it to only be a BCH world I guess.
It's their funds and their centralized platform, so I can't really be too upset. I do think it's a missed opportunity for them but alas. We've got Hive and LEO :)
Posted Using LeoFinance Beta
Since I can't use my BCH rewards I haven't accessed my noise.cash account for weeks. It's a joke. They can censor whatever they want. It's tokenomics and vision are not sustainable. Not even Publish0x hasn't found the deal yet.
Posted Using LeoFinance Beta
As much as we may get frustrated with this blockchain....It's still....The best out there!
So grateful to be here!
Posted Using LeoFinance Beta
Bitcoin cash is the best blockchain?...
Posted Using LeoFinance Beta
LOL Nah nah....Hive ;)
Posted Using LeoFinance Beta
DEFINITELY. Probably even better than Ethereum.
Posted Using LeoFinance Beta
I recently joined the platform, I have not been using it for long, I hope everything is resolved so that we can continue to generate content and enjoy the benefits. There are opportunities for everyone.
I think that's what gets me the most...Everyone can win in crypto...Tribalism is here and I get it, but we can do so much more together!
Posted Using LeoFinance Beta
I was also surprised when that they really called out Hive/Leo on that post. Well we promote noise.cash here on Leo, that's the reason a lot of Lions discovered noise. And I think I can safely say that we are amongst those who put out "quality" posts there, and and actually ward off spammers by reporting/blocking them. Not to mention actually buying and using BCH!
Anyhow, let's just enjoy the platform, here and there. ❤️
-erinclair on noise.
Yeah, we added a lot of value to that platform....Most of the content outside of Hive and Leo people are just BCH shills and 'dear sir' posts.
Posted Using LeoFinance Beta
Wow. I am just seeing this. Crazy. Let it be free and watch the growth.
Why would they upset their best users?? At least I think we are their best.😄
It's a very odd decision. I'm still scratching my head about it all lol
Posted Using LeoFinance Beta
Well if they see leo and hive at the same level as BCH then I guess that's a good thing given what the bch market cap is.
I'm not a fan of noise.cash, prefer twitter or d.buzz to it right now. Maybe I just haven't given it enough time to grow on me.
I actually really enjoy it. And have found engagement there pretty good. Sad about this stance but its all their playground so we have to play by their rules if we wanna hang out there.
Posted Using LeoFinance Beta
Their platform, their rules. As simple as that. You have no stake on it, and so so you can't control what happens there.
I agree it's their platform, problem is...Without good content, they have nothing.
Something for them to consider before chasing people away.
Posted Using LeoFinance Beta
Let them destroy themselves.
I saw some follow up from the noise.cash account and it doesn't seem that they will be stepping down from this. Their opinion being that if you want to promote your posts, normally you have to pay for it. So they think it's not ok that people get paid on noise.cash to promote their posts or other projects. I can understand their point but in a way they are undercutting their own business model.
As you said, it's very difficult to tip people with your own money. Simply because the tiping hardly works with an external wallet. On the other hand without tiping, it gets very difficult to build relationships on the platform.
What I'm worried is that it will be like with youtube. We will have some generic content that is ok for monetization. The problem is that everybody will do exactly that and the whole creativity will be taken out of the platform. Why have quality content, when everybody does exactly the same content?
Yeah that's exactly it. I get that it's their program and they can do with it as they see fit....But so can we.
Without our content, they have nothing to tip...Unless they just wanna go tip the 'spam' posts they say 96% of their platform is LOL
Posted Using LeoFinance Beta
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STOPCheck out the last post from @hivebuzz:
I pretty much agree with all your points, going to make another article on the matter as well. I mean it's there money and they can do with it however they please, but I really feel like they are making a huge mistake there. The Hive/Leo/CTP people have been among the ones producing the highest quality content on noise.cash and I just don't see how that was hurting the platform...
Posted Using LeoFinance Beta
They would stand to raise a lot more awareness for their platform and BCH as well, if they embraced and encouraged all forms of crypto. I truly believe that but you are right...It's their stuff, they can do as they please.
Posted Using LeoFinance Beta
Two to three days earlier I noticed that there are no free tips to distribute in my wallet which was an unusual incident. Now I know the reason.
If no free tips, no reason to go there. I think many will left the platform. However, regarding spam or low quite content, their concern is valid.
Agreed.
The spam is really bad there, so they should fix that. But I don't think that will happen when you are driving away the 4% that actually do create good stuff there.
Posted Using LeoFinance Beta
I see a "probably", so I think it is something they are unsure about and putting their feelers out; hopefully with all the feedback they will find a better way to deal with the "competition"
I don't know how many of these are out there, but I saw a post a couple of days back that went something like - almost reaching 0.1 bch, can't wait to buy CUBS with it.
I am sure that was aggravating hehe
Posted Using LeoFinance Beta
ha ha ha ha ha Yeah, and that's what will happen now I think a lot more if they drive other crypto away. People will just sell it for what they appreciate.
Posted Using LeoFinance Beta
I think this kind of announcements provides direct evidence that a platform is about to start a long descent into oblivion.
We may get similar hot-headed arguments from other platforms as the cryptocurrency market is (at least I think!) gradually heading into an overheated stage.
I think it's VERY important for the Leo and Hive community to not reciprocate such hostility, as reputation damage can be long-lasting and blended incentive approaches for content creations (e.g. payouts from multiple platforms or different income streams from upvoting and viewing) hold the long-term future anyway... :)
Posted Using LeoFinance Beta
Agreed.
I'll play by their rules and won't send people to my blog posts here.
I can respect that, I don't think it's wise on their part, but I'll respect it.
Posted Using LeoFinance Beta
The difference between Leo's microblogging app and what you have been describing from their side will be epic, in my opinion.
They will be able to come here and be rewarded as anyone else, of course.
Posted Using LeoFinance Beta
1000000% open to all crypto...Even Steem LOL
Posted Using LeoFinance Beta
I understand your position man, you are a marketer at the core, can't afford to ignore the opportunity to build audiences everywhere you can, but looks like not everyone is as little conflictual as you are now.
Posted Using LeoFinance Beta
It seems like they may be shooting themselves in the foot. It's probably just the chambers I frequent, but most of the people I see on there are from Hive.
Very much so. The bulk of their quality comes from us.