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RE: How to maximise the value of content on Hive via layer-2
An example of using content to give a Hive layer-2 token value would be placing ads on a community’s front-end and using that ad revenue to buy back and burn their own token.
I wondered why many communities aren't taking this measure, I'm guessing they're probably waiting for one community to act as the guinea pig, so they might know if it'll work or not. Many may try to also implement it, if Leofinance can pull that rabbit out of a hat.
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I also wonder.
One reason I that I can think of is that communities need to collect data on users that reads the content which I believe some would not agree as it kinds of oppose the purpose of decentralization.
Alternatively, there is also the possibility of using the blockchain as our database to fetch our own post/articles that we can monetize (via ads) on our own personal domain/front-end.
Oh nice, this idea is making my brain tick over!
So it would essentially be a self hosted front-end that displays only the posts from 1 single username (your own), no matter what?
Do you know if anyone has built their own front-end in this way?
In the past I've talked about a Hive Web3 account being a viable alternative to OnlyFans if they ever decide to go ahead with their porn ban.
Essentially these content creators' own accounts are entire communities in themselves and as such the model you just brought up is the perfect solution.
Just need someone to build an out of the box version of this that people can plug into their own hosting and you have a censorship-resistant OnlyFans alternative on Hive 🤯.
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In terms of why nobody has done it yet, all I can think of is the negative perception around ads.
People view Hive as this bastion of freedom and decentralisation.
And running ads goes against this mantra.
But as I tried to outline in the post, they seem to misunderstand how decentralisation and censorship-resistance on Hive actually works.
They don't get that front-ends are nothing more than private businesses that choose to display the data we publish to the immutable blockchain in whichever way THEY choose.
Anyway, like you said, hopefully LeoFinance can pull a rabbit out of a hat, successfully implement ad revenue into LEO's tokenomics and pave the way for all future communities on Hive.
It will only take 1 to show that the model works!
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Well you've said it all. To some extent we have to begin to redefine the meaning of decentralization because I feel there should not be a static nature to it. Ads are not entirely infringing if the revenue would be to the advantageousness of the community members and the project. I think since it's not the core concept of the blockchain but individual communities people can choose to be there or not.
Anyways there's always a choice, but this time, ads and the revenue would come good. Can't wait to see what Leofinance would make of it..