The Value of (HIVE) Content Outside Hive .:. WorkerBee PH-Pool Week 204
The value of content on HIVE is a very complex topic, but that doesn't mean that we should be discouraged from talking about it... I have a strong point of view on this topic which sometimes sticks out and creates some controversy, but I find it as an important thing worth discussing...
I suppose that we can all agree that the "content value" can have a very broad definition... For some, the valuable content is a post with over 500 words and at least one image... For some, it's a 1000-word travel post with 50 high-quality photos... and for others, it could be a short post with questions that can raise a lot of engagement... In the end, there is a group of people that completely ignore the blogging side of HIVE, stating that all content published on HIVE frontends is garbage and trash...
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Of course, I disagree completely with the last group if I believed the same, I wouldn't publish my posts here at all (as they would be garbage 😀)... On the other side, if posts here are garbage, what could you say about posts on Twitter, Instagram, or Facebook? Those are some valuable gems. I wouldn't say so... Of course, I don't like all content on HIVE and I do think that some of them are "shitposts", but that's my view about CERTAIN posts... Not ALL of them... In the end, I always remind myself about the saying: "One man's trash is another man's treasure".
Okay, now that we have "covered" that even garbage can be useful, we should approach the "second level" of discussion... How to "rank", or how to give the post a "proper" value, and not just that, but how to give those better posts more exposure... The upvoting system on HIVE works, but it has its pros and cons... One of the biggest cons is that your post "loses" its value after 7 days (after its payout)! Motivating people to create "evergreen" content is hard if you don't incentivize them with "lifetime" rewards... YouTube is a good example where you create quality, evergreen content that can earn you rewards for years and years...
On the "third" side, we have our HIVE frontends that are doing a great job of showing our content, sorting it out in communities, etc. And then we have an SEO issue on some of them... The main problem is that the content is written in the HIVE blockchain, but it is shown on many different frontends, which is something that major search engines (like Google), don't like... Despite all that, some frontends made improvements and the content is better ranked on Google, and some stayed where they were 4-5 years ago...
We are slowly getting to the main issue... 😃 With the current setup, where post rewards are paid only from the HIVE rewards pool, after 7 days, with the setup where the main frontends are mainly financed from DHF, nobody is INCENTIVIZED to DO BETTER... Content creators don't want to invest more time to create top-notch evergreen content as they will not earn from it after 7 days, and frontends are not incentivized to bring additional impressions (post views) to their websites as they don't need to bring more value to their platform (earnings from ads, or something similar)...
If we had some kind of business model on our front ends where they could have "external income" from ads, links, or something else, we could have a possible solution for evergreen content... Imagine Ecency or PeakD, being a Facebook-like business where they earn from advertising, but instead of "stealing content" from others and monetizing it, they would take part for their development costs, and other parts shared with content creators in the form of evergreen rewards (after 7-days window)...
Or imagine just a small part of that income being forwarded to burning HIVE tokens? Maybe it could reverse our high(er) inflation into a deflationary token? Maybe it could create constant buy pressure?
I can't accept that content on HIVE is garbage, and I disagree that it is worthless... It may maybe "invisible", but that doesn't mean that it has no value... The truth is that we can say that many things have no value when they are in the closet, or under the bed... They get value when you put them on the market, and make them visible... Let's make our content more visible and let's take part of that Web2 income to us... Web3 deserves that as it is a much better concept than Web2!
How can we monetize our (Hive) content OUTSIDE Hive? Can HIVE front ends be self-sustainable? Maybe it could lead to more front ends being built, more competition, and more quality. What do you think about these topics?
Let's see the WorkerBee Pool numbers for this week...
This week we have mined 116 BEE tokens in total!!!...
This week we didn't have new delegators, but we did get more delegations from our old members... Thanks guys! Appreciate your support!
This POOL doesn't have fees and you get up to 20% MORE by delegating to it!
What about the bonus tokens?
The HIVE price continued soring up after the last report and it made some crazy stuff to many Hive-Engine tokens... Those who were narrowly connected to USD went down prices in HIVE and those who were backed up with HIVE went up in the USD value (following HIVE price)... For example, WORKERBEE and BEE tokens went down compared to HIVE, but today's bonus token, STARBITS stayed almost in the same range as before thanks to most liquidity connected to HIVE!
There will be distributed 1.6 million STARBITS tokens to the delegators of the pool as a bonus reward today!
As always, in the end, let's give the exact numbers for this week... 116 BEE tokens and 1.6M STARBITS tokens will be distributed as a bonus... The APR (without the bonus) was 10.727%, and when we added the bonus it went up to 12.946%!
I have calculated the ROI approximately with medium prices for all tokens at the moment of creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the middle HiveEngine price...
Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post, and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter and we will find the best solution for both parties...
If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (@ph1102)! Every week you will get your portion of mined BEE tokens and BONUS rewards!
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All payments will be made after publishing this post...
If you have any questions, please leave them in the comment section!
You can find more about this pool in the initial post here https://inleo.io/hive-119826/@ph1102/workerbee-p-h-ool-let-s-help-each-other
Thank you for your time,
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That's a very interesting thought process that you go through here and I agree on many points. The problem here on hive is that we rely too much on the reward pool. Let me explain: Wherever else you create content, you need to find a way to monetize it through ads, affiliate programs, products, etc. Here on hive, we have in addition to that the reward pool. All other things being equals, Hive is so much better than your own website because you have an inbuilt reward system added to it. But you can do more or less the same things on hive than you can do on your website. You can promote affiliate links, you can create your own product and try to sell it. In addition to that you can create NFT's, tokens and many other crypto related stuff and sell it here...
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It is indeed much better than anything else... In a nutshell, writing after reading some other comments changed a bit my perspective... Maybe we think too much in the Web2 way and that is limiting our vision.
That's why it's important to talk about these things as it could help us discover and invent new things and new ways of doing things!
Nice post! Some thoughts.
Content value is different for everyone. What is value is solving a problem like in business life, a tutorial that helps me is value. A great travel post if you like to travel, a one photo chart that gave 2x is also value. In the end, everything is welcome if we are decentrilized, if you don't like something, you simply don't spend time on it and focus on what you like not what you dont like.✌️
Yeah... It's definitely hard to measure "value"... My main concern/idea was how to MONETIZE that value. Or better said, how to help HIVE with monetizing the content from "outside" capital...
A good topic my friend.
I don't believe anymore that there is a quality content conception on HIVE after seeing some posts with just 50-100 words reached $10 payout. On the other hand, a post with nore than 500 words might get under $1 payout.
Payout after 7 days might be okay for blog, but it can't be for vlog in my opinion. A video should have lifetime rewards.
I don't think that video should have and written posts shouldn't have... You get value from both, it's just the "current perspective" out there, as it's "easier" to monetize video than text... (which probably isn't the truth, but that's another topic)...
Anyways, the value that we see under posts has nothing to do with the "REAL" value, as it's just like a bubble... They have no sense and I agree with that... The idea of the post was to "think out of the box" and try to find the value of (some) Hive posts OUTSIDE HIVE... and how we could profit from people coming OUTSIDE the HIVE, reading posts on HIVE...
HIVE has a financial side, and I think most of them who would come to HIVE from outside HIVE would consider this at first.
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There's definitely more value outside just Hive. Our content are ranked better if we also take care of SEO but past the 7 days, we aren't really getting anything other than views that kept racking up 😆 maybe some type of extra token would be great, I don't know. It's time to also think about the idea of it.
Thanks for your input! I'm glad to read comments where people are throwing some initial ideas on how to improve... An additional token for rewarding posts over 7 days could be one of those ideas...
I think it's tough. The system that Hive has has it's pros and cons, but I do agree that the SEO issue is a large issue. It's hard to tackle because we have so many front-ends and each one ends up competing with each other. I don't think Hive does well in ranking against other sites. At some point, I do think that the DHF should be moving on from funding front-ends to newer things, but I don't know if they can survive as they are right now.
Thanks for running the pool and for the BEE/STARBITS tokens.
That! I would agree with you on "defunding" frontend, but to do it gradually, and leave some time to transform those front ends into self-sustainable projects... But, without defunding, that will never happen... And it doesn't look good nor for them, nor for Hive holders in general...
I think ads on Hive is a controversial topic, but I think at some point in time we have to start looking at ads through the various frontend on Hive. There's been a lot of amazing contents over the years, and I think we can take advantage of the billions of eyes on the internet. I don't think everything should be about the price, many people can come here for the something else.
I think this is something the witnesses will have to start thinking about very soon, their jobs afterall is to make this place better.
Indeed! Some content that we have here is pure gold... But as we take the rules for granted, we don't "expect" rewards over 7 days, or to attract readers from outside as we don't have "incentives" to do it... If we would have monetary value (when I say we, I think frontends and HIVE in general), we would try to attract and "sell" our content to the world... That's why all social network platforms are doing this...
I agree it's not all about the money, but the money moves the world... and it moves people to create content, invent new stuff, etc.
I agree with it. I've come across specialized SEO creators on Hive. I think there should be some special incentives or some programs that SEO creators can apply for that earns that evergreen reward. I don't know how it'll work, but perhaps it's the ad route, unfortunately we're not even talking ad revenue yet.
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The question we want to ask ourselves is if we want Hive to be a "different beast" or fall in line with everything else that's out there, mainly drawing its inspiration from Web 2, or even Web 1. If we want it to be more like the others, plus the reward pool, I guess that can be done. If we want a different identity, we need to think how we want Web 3 to look like. A financial layer on top of Web 2? Or something different? Of course, this "different" thing is hard to define, and as many people who would want Web 3 to be more than an upgraded Web 2, as many opinions, probably. Or maybe not even a clear image, just the thought of having something completely different built.
Fair enough... Maybe I do look at things through "web2 eyes"... Maybe web3 isn't as good as it looks like, maybe we need a web4 solution... Many maybes... :)
Something that bothers me a lot about HIVE (and many other cryptos) is that they have the same vision as any other traditional finance company... Its "survival" and profitability are always connected with a "never-ending" growth... Because of that, all of them look like Ponzi schemes... When there is no (user) growth, the chain dies...
I suppose because of that, we were experimenting with Liotes to bring (external) value to it, and to make it more sustainable...
Sorry for the offtopic... lol... In any case, I think it's important to have this kind of discussion as they can always help in creating new ideas...
Thanks for sharing yours!
I agree the vision of never-ending growth seems broken from a point forward. It may work at the beginning or in periods of hype, but not after the projects mature or when sentiment is down.
You have good points, after 7 days, no one bothers anymore with a post... A good thing could be the integration with ads that peakd is doing, one could get a part of the ads incomes from his post even 1 year later
Yeah, that could be a good idea to begin with... Slowly, we could discover some other ways to do it...
I think I said this before. Value comes from the reader he/she decides if the content is valuable. I did learn from the past and I'm still learning how to create good content. Thanks for the starbits I have LP so I will add more!
Of course... That's why something that isn't interesting for me, can be very valuable for someone else... There is no measure that "fits all"...
You are welcome!
In real world, content get updated regularly and in Hive it is not the case at all.
Hive frowns content reusing also and I do not think other popular platform has issue with it . Sometime "reuse" or reiterate cycle keep enhancing the content and content creator also keep earning for its re-iterated effort.
Hmmm.. I'm not sure that I got your thoughts... :) How do you mean that, for example, on Instagram content is "updated regularly" and on HIVE isn't?
Not sure how Insta or tiktok works, never used them. But if you see a blogging site, they keep editing the information periodically so that it remain relevant or score higher on search. (As you see "last updated" as almost recent date on these blogs.)
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You touched on a very good point. It is necessary to have several frontends. Because if there is a problem with one, the users here should be able to use the alternative frontend. It is our right to expect the frontends powered by the Hive blockchain to do better.
Great point of view... Having 3 frontends that are funded through DHF is nice, but it is demotivating for some other (new) frontend to be built... It's kind of an "unfair game"...
The 7 day payout window is something I ponder about sometimes. I've not seen such a model before but I guess there are good aspects to it, given there isn't an infinite reward pool. Perhaps, creating more outward facing content can bring in more views, some of which can be converted to new users..
The 7-day payout window is built in the reward pool and it would be a mess to try to change the complete reward pool as it could skew the tokenomics completely... But, we could add on top maybe another token, or another pool specifically for content over 7 days, or something completely different... But to get there, we need to have these discussions and I enjoyed reading comments on this post... So many good ideas and interesting points of view!
Thanks for sharing yours!
Right, it's already baked into the system. I think that's a good alternative on having a token beyond the 7 days, perhaps, a Hive engine token. Do tribe tokens also follow the same 7 days model?
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Thanks for the tokens!
Hmm honestly, I never think that much or so far ahead. I just like to write and engaging with different people here. Sometimes I think the current Hive now is already great and there's nothing to fix/change. Hehe.
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I wouldn't say it's "fixing", I would say IMPROVING... 🙂
Hehe that's another way to see it!
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Thanks for your curation! Appreciate it!
Unfortunately, whale and "partnership" cartels skew any realistic value proposition...
Well, I agree that the current upvoting system isn't the best, but it's a start... Wider discussion about these things could help, not just us (small token holders), but those whales too... Everything that adds value to the HIVE, adds value to every token holder...
This is such a valuable perspective on the power of Hive content beyond the platform itself! It’s inspiring to see how the Workerbee initiative and PHPool contribute to the ecosystem while showcasing Hive’s potential to create real-world impact.
Great work, and thanks for sharing these insights!
You are welcome! Thanks for sharing your thoughts..
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https://peakd.com/hive-167922/@bpcvoter3/reply-to-crimsonclad
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Hive Emergency: A Call to Action STOP THE BAD DOWNVOTES
We are facing a critical situation on the Hive blockchain, where a small group of individuals is exerting undue influence and control over the community. This group, comprised of a single "whale" and their associated accounts, is using their power to downvote good content, self-vote their own posts, and power down their tokens.
This behavior is having a devastating impact on our community, and it is essential that we take immediate action to address this issue. We propose two key solutions:
We understand that some individuals may be concerned about the rules and moderators. However, it is essential to recognize that the rules are made by the same individuals who are farming the system. Therefore, it is time for us to take matters into our own hands and create a new, better Hive.
We invite you to share your thoughts, ideas, and concerns in the comments below. Together, we can work towards creating a more inclusive, compassionate community for all Hivers.
We've even caught some top Hivers using their alt accounts to fund their own projects and manipulate the system. It is like they are playing a game of Hiveopoly, but instead of rolling dice, they are rolling out downvotes and taking money as they wish
The Bilpcoin team were attacked by Themarkymark gang so, we started investigating and gathering evidence, and before long, we had a whole list of scammers and abusers. And let me tell you, it was a doozy
We are like the superheroes of Hive LOL night night Buildawhale scam farm
Merry Christmas, Hive community! We're excited to share some amazing Santa Claus art crafted by the Bilpcoin team with the help of AI
As we approach the end of the year, the Bilpcoin team would like to extend their warmest wishes to everyone happy Christmas and a prosperous New Year
The Bilpcoin team is shifting its focus towards creating more in-depth content, aiming for less frequent but higher quality posts, potentially once or twice a day
We're ending the day with a bang - introducing two more crazy Santa designs: one happy drunk and one smoking
Their attempts to intimidate and silence their critics are equally concerning. The use of downvotes as a means of censorship is a clear indication of their desperation to maintain their grip on the narrative. But it's not working
https://hive.blog/hive-167922/@themarkymark/re-bpcvoter3-sp2q9h
Don't let the enthusiasm of friends or family members cloud your judgment – crypto is a game where there will always be winners and losers
WE EXPOSED A SUPER FARM ON HIVE
Super farm https://peakd.com/@memesandstuff/wallet spam scam accounts
https://hive.blog/hive-121566/@louis88/re-slobberchops-sp4a2y
At Bilpcoin, we're passionate about what we do, and we're committed to helping our community thrive. If any tribes or individuals need assistance, please don't hesitate to reach out, and we'll do our best to help. We believe in the power of community
https://hive.blog/hive-140217/@themarkymark/re-bpcvoter1-sp87n1
themarkymark (80)in LeoFinance 18 hours ago You are the abuse on Hive hive.blog/hive-167922/@themarkymark/re-bpcvoter3-smp740 LOL TRANSACTIONS DON'T LIE PEOPLE DO PEOPLE LIKE YOU DO Curation reward for BUILDAWHALE COMMENT FARM buildawhale51.108 HP
When investing, we want to emphasize the importance of diversification. It's essential to spread your investments across different assets to minimize risk and maximize returns
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https://hive.blog/hive/@trumpman/re-azircon-spk05h
Bad downvotes on Hive are a growing concern that must be addressed. These downvotes not only discourage users from sharing their real thoughts and ideas but also damage the community as a whole, we see many walk away
We're disappointed to see that our work is still being downvoted despite the valuable insights and information we provide
https://hive.blog/hive/@themarkymark/re-bpcvoter1-spolvn
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