RE: Network Effects And The Flywheel

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RE: Network Effects And The Flywheel

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robsteady in LeoFinance • 10 months ago

I feel like the beauty of Hive is the way it allows creators to make money, easily. I don't mean they can get rich easily, I just mean there isn't a lot of work involved compared to older methods. Yes, Peakd, Leo, and the like are great for blogging, but there is the foundation for other forms of media to thrive... if the tools were available. I already mentioned @steepshot in a post recently, but there was also @dsound. These are just two examples of the kind of platform(s) that could be built on Hive, it just has to be worth it for the developers to fully flesh out their platform. Hive, as a means of exchange is simply amazing, we all know that, but the things on top of it are limited. I truly wish I was a developer because I would focus on creating these Hive-based alternatives to existing platforms. Imagine there was a real Instagram competitor on Hive! What about a Bandcamp or SoundCloud alternative?! Independent creators could benefit in such a huge way, and it wouldn't have to depend on the network effect like Facebook's.

I'm so excited to be active on Hive again, and I wish I could do more to help develop the ecosystem. At this point I just want to help engage with folks so it doesn't feel like talking into the wind.

10 months ago in LeoFinance by robsteady

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thelogicaldude 10 months ago

We have a bandcamp alternative, it's called @blocktunes. I have also tried to create e-commerce alternatives with @hivelist the problem is that nobody uses them as intended, or at all. I will argue that one huge problem is the lack of user base that is attractive to the mainstream. We are like the island of misfit toys in a way. Most of us hate mainstream social media, that's why we are here, but we have to figure out how to attract the users from the other platforms.

Going back to the music situation, while I was building BlockTunes.net, another platform rose up called Emanate on EOS then eventually Polygon, but they have recently shut their doors, unfortunately, because of lack of use. Web3 and crypto as a whole is still a very small niche. You go offline and talk to actual people in the real world, and most still think it's a scam, don't understand it, or regurgitate what is on MSM. Like my grandmother can't even say Bitcoin correctly, but she can sure talk about the poofy headed SBF and his scam, lol.

I am coming to the conclusion after trying to be someone who provides these kind of alternatives, that we are either too early, or it is never going to happen the way we want it to. It's just facts. I mean look at the fact that Bitcoin is now a 'digital gold' versus an alternative peer to peer currency that it was supposed to be. We were supposed to be all buying coffee with Bitcoin by now, but you see how that is going.

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robsteady 10 months ago

Thanks for telling me about BlockTunes. I hadn't heard it, but I'm very glad to know it's there.

I like the comment on us being the island of misfit toys, I feel like that sums up the Steem/Hive/Crypto experience quite well. I do agree though, we are all way too early, or just delusional. I'm hoping governments will eventually allow crypto to live as it was envisioned, but even as I was typing that I was calling myself insane.

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thelogicaldude 10 months ago

The point of crypto was to stick it to the man, at least from my viewpoint and we need to get back to that mantra instead of bowing down and kissing the feet of the governors as if they have any real authority over anyone. This is one reason I have moved most of my savings into Monero. That is one community that still believes in the OG virtues of the space.

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robsteady 10 months ago

I agree, crypto was absolutely supposed to be the alternative to the fiat institutions. Unfortunately, a great number of people have gotten scared out of using it that way because of laws and regulations about its use. Politicians really don't like people coming in and trying to do business without them.

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