RE: Level of engagement on Leofinance: Beast
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It's good to see a consumer driven model functioning so well. Hopefully at some point Leo has far more consumers than producers. Things work better when producers are dedicated to producing and consumers are dedicated to consuming. Of course you'll always have folks who play both roles, but dedicated consumers should outnumber producers by a huge margin, since that how this industry works. You know you're on the right path then. Paying dedicated consumers takes things to a whole new level. Staking to support and consume only. That's always been the missing element on Hive. That's also partially why the token can't find investors. The people simply don't realize content is a product, and that product typically generates plenty of revenue for both producers and the platform it sits on.
All true. Yet all this changes ...these curves...penalty zones. All it did was to ruin engagement.
Leo's user base is still small. As time goes by and new people jump in it can only grow exponentially. Step to the right direction are being made daily. I have a feeling that it's a matter of time before this thing goes BOOM! Hopefully...
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I remember being heavily in favor of the 50/50 cut and the free downvotes (which were meant only to tackle instances of abuse and negate exploitive behavior). The end result in my mind was a better consumer experience, since they're not sifting through trash and spam, and they're being rewarded for enjoying the good stuff. Then they threw in curves that penalize people, and used downvotes to penalize producers for things they had no control over. Why discourage success? Why penalize a job well done? And why penalize the consumer when they play the most important role? Nobody on Hive likes presenting their work to the sound of crickets. Gotta have butts in the seats, and those butts in the seats typically pay at the door.
I have one regret. Sold most of my LEO when it seemed like Steem Engine was about to fall with Steem due to the hostile takeover. I thought that was the end.
I suppose another problem is the fact I don't typically produce content under this category, so I can't really join in on the fun. Kinda homeless on the platform now, in a sense. Oh well.
Homeless? Rally? Bud you're a one man show...You should actually create your own tribe and show everyone how it's done...ever thought about that?
Or even better, like oldtimer said combine your knowledge and send our way shots of economic creativity
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I have thought about that, plenty of times. The size of the local market always held me back and I'm glad I considered that because it has only shrunk further since the thoughts first crossed my mind. Now with rumors spreading about dismantling content on the main layer/Hive, I'm left with an uneasy feeling. Content(could be anything) can be found on a network(community) and the network is found on the service provider(main layer). Take the service provider away and what are you left with? Confusion. I'm confused. The money is supposed to trickle down from that main layer. That's the front door every single consumer needs to walk through before they make any other purchases. Without it, I don't even know how they're going to get inside.
It looks like somebody finally understood what you're preaching for years.
Such a small change in rules and such a big difference.
I'm sure you can produce some stuff on an economical topic and throw some art our way at the same time.
You're definitely not lacking creativity, hehe.
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Years and years and years and years. I repeated it more times than that. So whatever, it works on a small scale. Works far better as things grow.
Unfortunately, many want to take what works completely away from the Hive token. But that main token or the token that rules them all is necessary. LEO and the next successful community, as well as all the others in the future can be wrecked in an instant if left standing on their own. Hive token needs to be there functioning as it does in order to provide a layer of protection to consumers/investors, producers, the platforms/communities operating on second layer tokens. One wrong move, bad publicity, cancel culture. That's all it takes to send people running away with their money. Tank the price, not as many producers will produce, leading to fewer consumers, community dies. With Hive working as a backup, it's much easier to recover, since all is not lost. It's also far easier to get the business up and off the ground with Hive token involved as well. Without it, basically every community will have to start from scratch, and that headache is completely unnecessary, creating an environment where most fail.
That's the rushed version of worst case scenario spinning through my head if they strip Hive token's current abilities. Of course Hive also loses out on much of the demand driven by the consumers across thousands of communities as well, which is a fancy way of shooting yourself in the foot I suppose.
Anyway... Hopefully people wise up.
Some 4 years later...and we keep praying for the same thing
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