Imagine proper Hive Adoption over the old tyrant Social Medias...
So I did a post about hobbyists getting together on Hive. But it made me think about the bigger picture as well.
It must not be a day dream, but an actual goal for us here on Hive to see proper adoption of Hive as a social media that enjoys the sort of numbers that F-Book has.
Let's look at my Local Neighborhood. I actually enjoy a high density of Hive accounts in the area of Table View. Mostly because I onboarded them myself.
We have about 11 accounts in the area. Which is great... though for active accounts I have to say there are only really 5. I am sure that when it comes to other social media that similar numbers will prevail but what we need is scale!
So what is Table View? Well it is a town in Cape Town that has a view of Table Mountain... thus... Table View. Right?
One town amongst many in Cape Town, South Africa. Nothing especially outstanding about it and yet this is the one, local FB group:
14,8130 Members!
With even 10% of this, what could be achieved on Hive if people used this platform? Let's say 1,500 members. Within one month they could all be around 50HP in power, easily. 75,000HP together.
Within a year, those accounts would have a combind total of many hundreds of thousands if not millions of HP. Even better should 1,500 give way to 3,000 and so on and local groups and businesses join in on the Hive platform.
How different would arranging and organizing an event be? Persons who need help could be helped by the real support of an upvote instead of the thoughts and prayers attitude of traditional F-booking.
Reciprocal growth would become something truly astronomical and within 5 years, adopting Hive to that number would change this town forever!
What are YOUR thoughts on this?
Can we onboard enough people to reach meaningful membership density on a geographical scale?
Thank you for reading.
Cheers!
@zakludick
Good evening Zac. I like your thinking. I am probably still at 5 active on boards as well but 4 are probably only short fitness post atleast it is still helping spread the word.
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My total active on-boards is now... let me count... would have been 6, but we can call it 8 with the new guys!
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I'm not sure the 'within a year' math necessarily adds up (but maybe!).
You might know this, but if not, there is a daily amount of Hive that's created... Set percentages go to the witnesses, investors, developer fund, savers, and the biggest slice goes to Hive rewards from posts. This amount will continually decrease over time, but at the moment it's:
904,675 HIVE
≈ $264,165
Source
This reward pool gets distributed based on the votes after 7 days that the post/comment was created, which is why sometimes you'll see a reward amount adjust during that 7 days even if the votes are the same.
I think there is about 2500ish posts made on Hive every day...
Source
So, ah, say an extra 1,500 people posting daily would dilute the reward pool pretty significantly... of course, they are unlikely to post daily and I'm always in favour of the posts that bring value to the blockchain getting votes over posts that have just always gotten votes... but I'm not sure how many swing voters there are.
Anyway, not to discourage your idea, once you find Hive, it's hard to believe anyone would really bother to spend time using Facebook, etc... and as a community grows you could support each other with good upvotes to keep people encourages and incentivized, etc. So yeah, could be brilliant... just wanted to let you know the reward structure might be more nuanced than you might realise.
Right. So that amount of HIVE is pretty much a thumb-suck. Thanks for checking my math.
With the amount of Hive as you say: - 904,675 HIVE ≈ $264,165
Is this Daily? Monthly? Annually? I am guessing it is not Annual.... if it is Daily or monthly then we are looking at 300M+ HIVE P/A
Right and then looking from a user's perspective, 2.5M accounts on Hive. Only 600k of those are sort of active...
And this look like about 127k users active per month...
But then the "author" bar is nearly flat in comparison to other activity:
I am wondering how this knowledge can be used in our advantage?
2500 posts a day is hardly much at all.
Additional posters will dilute the rewards pool sure, but without an influx of new people, interest and new money there will be a lack of investment in Hive. 1500 new active monthly users will likely raise the price of Hive right?
904,675 HIVE ≈ $264,165 is the daily rewards pool for yesterday.
902,673 HIVE ≈ $261,775 is the daily rewards pool for today.
It is slightly deflationary (it goes down every year) and adjusts to the activity on the chain.
You need to power up Hive to get the resources to post... and the more Hive you've powered up the more your vote weighs, which means you have more influence, and the more curation HIVE you'll earn.
As people receive HIVE for their posts, they'll sell that Hive - so there is always going to be steady selling pressure on the Hive token. What I don't really understand is the reasons for people to purchase Hive... I understand apps like Splinterlands, 3speak, LikeTu, etc etc need a bunch of Hive for the resource credits so that their users can post, but apart from that I'm not sure if there are any huge reasons to purchase it... which would increase the price.
Where I think the real potential for Hive is marketing for brands/projects/businesses. Say you had your wargaming store spend a $5000 marketing budget on Hive tokens. Normally you'd spend $5000 on ads... and once you've spent that money it's gone. Instead they'd buy Hive tokens, upvote everyone who writes a post about the hobby and includes details about the store... and then after a year they still have their $5000 worth of Hive tokens, plus the 50% curation earned plus the extra Hive earned for investors... so even if the Hive token is the same or drops in price, they're still ahead... and if the price is higher then they have more value and a years worth of marketing posts.
I think this really starts to increase when you incorporate Hive into your existing websites... this is my personal blog so I get the SEO benefits of my posts... but for a store they could have that benefit and still sell products, etc.
Hive sites like leofinance now even have an advertising token so the more traffic you bring to your posts the more rewards you get (the value of the token is determined by the money they bring in with advertising).
I think you could still do the same thing with a Table Mountain community, it'd start off small with each part of that community upvoting each other, but as more people come in then those small upvotes would start to add up. You could set up curation trails, etc. You might be able to convince people that upvotes are more valuable than eyeballs and slowly move them away from posting on Facebook instead. If you used another dApp like LikeTu, then they could potentially get votes from them too.
💯 Absolutely. Imagine enough of thenlocal Wargaming crowd used Hive and Sword and Board Hobby shop had their own accout?
Being paid for your store advertising?
Crazy!
This is why we stick with it, man.
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Got to keep on posting and spreading the word!
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Hello Zak,
thank you for this contribution. The problem I see here is the accessibility of the platform.
Twitter, F-Book etc has the advantage that you "only" create an account and then just make your post and people like it. The benefit is so seen nothing and at the end of the day it's just a data set that goes down in the Internet, like a stone thrown into the sea.
And I personally find it hard here in Hive to appreciate everything that people post here. Like other social media platforms, it's just too much.
Then there is the fact that people have not yet lost their fear of the blockchain. The "risk" is too high for most people or they tell themselves it's a scam.
But I see from a distance that the posts are built similar to Instagram and co and you try to create a certain conspicuousness in the thumbnail.
Then it comes to the readability of the article herrvorzurufen and that is for many "work". So what's the point of working on a social media platform in addition to the actual work?
Nowadays, people tend to become lazy and comfortable. One is far too distracted.
What this platform needs are great influencers to promote it.
But of course I'm happy to see that people are finding their way here.
So my last point is this "you get paid for it" thing.
People have too much expectation on that point. Many think
"If I make an article, I will get so and so much, because I have seen it on others".
But this is unfortunately the wrong way and are then disappointed when they get only 0.21 USD for it. After all, you can't pay off your "debts" or become "rich" with it.
Indeed. All of those points are true, but it is also easier here now than it was before.
When I have been "back" to the blockchain for 2 years now. Before then it was a 3 year gap.
Back then there was also blockchain uncertainty in many people. But those who prevailed are mega size now.
The platform(s) were much less user friendly than they are now and now it is much easier to get started and to put a post together. There are far more functions now. I think that it will continue to get better as time goes by.
In the meantime I think the best advantage is to be had by onboarding friends and people with common interests.
awesome dude@zakludick - love our town so beautiful!
I read somewhere in the comments, I think, about businesses joining Hive. I think this is maybe a potential way to get people on Hive and retain them. Promotional writings and honest reviews of coffee shops and eateries, bars and so on. I would love to be able to pay with HBD for a beer at my local pub! Think about buying food at a local coffee shop and so on. They have done this in Stellenbosch with that TOCO coin or something. Students and locals can actually buy food and drinks with the coin at certain shops.
That's awesome.
Look. Been thinking about it and I did post a little "feeler" on Fbook and yeah, people are will to pay for me to teach something. That's the service, to teach. I am not a representative of Hive.
I am also offering, for those that want to learn it, to teach them creative writing skills.
So in a sense, I offer a writing course and then a tutorial and community that follows that will be "what to do" with that writing skill. Some people might decide to do something completely different with that skill.
Totally justifiable. It is such an interesting space we are in. So much potential. The key is to instil the desire and need for cultivation and honing one's craft.