This might be a pretty controversial topic to discuss but I'll manage to find a way to briefly talk about it without getting too controversial.
Hive as a crypto is growing once again in value and word on the street is that we're entering another cryptocurrency bull run. So there's certainly going to be a whole lot not buy signals out there. But that's not what I'm here to talk about. Judging from the title,. it's about the social layer of Hive rather than the crypto currency itself.
With the way Hive as been developed, the ultimate way for the platform to shoot up is if our engagement, monthly active users and activities on the platform grows. So far so good...I don't know if I can actually say that with a straight face. When it comes to engagement, I personally have made quite a lot of friends so I do get a relatively good amount of responses especially if my long form blogs are awesome. Yes I can't be dropping bars every single day, hahaha but some days are better than others.
I see that most of the earnings the average creator on Hive gets is usually from the long form blogs. Long form blogs is sweet for anyone that loves writing and has a passion for it. That's when the saying earn while doing what you love comes to live. But how about the millions upon millions that are not interested or even equipped for long form blogs.
I dare to say the main reason people even spend serious time creating content on YouTube is because of the earning potential. If YouTube wasn't paying I think 90 percent of creators wouldn't really care unless perhaps it was a way to advertise something else.
I think the main issue of Hive started from Steemit. Yep I did my research very well and noticed the problem. The Web 3.0 social platform was advertised as earn as a content creator and that is the value proposition of the platform.
It says so right here
So let's say I'm just wondering the Internet and bump into this page, what do you think my initial reason for joining Steemit would be? It will probably be to make money.
And hey I'm not saying that's wrong, because that's a great value proposition that can attract so many users. The problem is how it has been setup today.
Since more attention and rewards goes to long form posting than the engagement, the platform bends towards looking like a flood of posts with little to sometimes no engagement. I'm not speaking about my account though but the account of some others.
Yesterday in one of my @ecency Wave posts and Inleo threads I shared a short wave about whether Human creators can compete with AI and one friend @xplosive shared a reply which inspired this whole blog today.
Got a screenshot of his response.
Yes so some creators don't get that much engagement and the reason is one, the value proposition of Steemit which influenced Hive was to earn as a creator and the biggest earnings people usually get is from the long form blogs that's why most focus on sharing blogs to maximize earnings. Again I'm not saying it's wrong but I'm only saying this;
What if we set up a system where engagement actually earned users way more than content creation. Of course if we don't do it right it can easily lead to people spamming to earn but if we can do it right, it can lead to Hive exploding with increased monthly active users and higher user retention.
Imagine if through comments, Waves , Threads and thankfully now Inleo shorts, creators or users are earning way more than they would with long form blogs. Now that will grow engagement more than anything would.
I would like to hear your thoughts on this because it's more like a casual proposal or suggestion.
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