RE: DHF is Leaking ~$700,000 Dollars of Value Every Year | Economics and Market Analysis

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RE: DHF is Leaking ~$700,000 Dollars of Value Every Year | Economics and Market Analysis

vimukthi in #hive • 6 months ago

I had no idea you were involved with EOS Hackathons. I have complaining about the exact things you mentioned. There have been many hard working developers who never got funding. @kencode and @risingstar are two examples I can think on top of my head. The idea of funding project with DAO delegations came after trying to think of a way to get the Whales to fund more development.

@dalz has a lot of stats on blockchain activity posted. These are the active users for @peakd

https://images.ecency.com/p/3DLAmCsuTe3ba2VJAE1ZhN2oVhekeqoshg9DUnSyUd2Cnt4YtUMpZp3rY29yVNr4u3CmCVUV8nzp7LCT3rsmfqZsxoDoYGmVZjCH5RJm9orbwQMTDisFTVa9jJzgEXNk2xHn9hNoQzqDgKiqftG6t62wZycS2hU.webp?format=webp&mode=fit

crazy to think about in a world where so much stuff is getting censored on traditional centralized social media.

I have noticed that people tend to be around where other people are. If we need to make HIVE blow up, we will have to onboard users with very little friends and social media activity (such as myself) or onboard an entire community at once. The other alternative is games.

6 months ago in #hive by vimukthi

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kencode 6 months ago

I've been going on podcasts lately talking about Peerhub, would be nice if the Hive community had some marketing connections too so that more video creators, livestreamers and podcasters could discover Peerhub and what it can do for their discoverability. It would really help us out yeah if even some basic funds could be thrown our way to help get it to the mainstream.

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2 votes

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vimukthi 6 months ago

I'm crushed myself due to the bear market. If I were in a better financial condition, I could donate some crypto. With multiple failed attempts at entrepreneurship, I can say that getting to the users is the hardest part. The only way to onboard more people is to use paid ads and that is not sustainable. I really wish some influences with large followings will come across Peerhube and make it more popular.

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kencode 6 months ago

Yeah I never had much luck with ads. I myself have trained my eyes to ignore ads, and ublock origin browser extension handles the rest.

Onboarding a couple of major influencers would help a ton. Vigilante.tv gets millions of views, but he is not considered an influencer. We need an influencer with at least a million followers to spin up their own Peerhub-powered site and actually promote it.

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vimukthi 6 months ago

Usually this will take a large content creator facing censorship on centralized social media. It will be an uphill battle. If we could at least get some crypto influencers to cover Peerhub and other decentralized social media applications, it will be a massive win.

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3 votes

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brianphobos 6 months ago

Yeah, I have been in crypto for 11 Years and STEEM / HIVE for 8 years. Had the first Bitcoin ATM in Arizona, was a technical mentor for the EOS Hackathons in Sydney, San Francisco, Africa (Remote) , have done various other things in crypto and have a computer information systems degree from a respected university but I have never been able to get a job for a blockchain related company or get funding from any proposal I have submitted on various chains. Everything has been self funded for me.

I'm not trying to cry about it because like you mentioned there have been a lot of people who cranked out projects and had working products and still didn't get funding. Once I saw a lot of that it made more and more sense why so many people leave projects and launch their own thing. It is like churches in the Midwest. They just pop up new churches all the time to control their own funding model of people donating to it.

I'm not trying to act too bitter or anything about it. Others have done more than me and got nothing.

Overtime there are a few things I have realized. A lot of these blockchains are more like testnet scenarios with a bunch of people testing on it but a lot of people not agreeing and there isn't as much central direction which has advantages and disadvantages to centralized organizations.

I always do calculations on these various blockchains to see how much it would cost to take a position large enough to have considerable control and then do the risk assessment if that makes sense or if it would just make more sense to launch my own project and how much that would cost and what are the risks of that. Considering the SEC likes to sue everyone it becomes a major factor in the back of my mind.

Once the momentum and liquidity dries up there isn't enough funding to self propel these chains and people are onto the next new thing. We are into that situation with DTube.

I guess the biggest worry is what if things clinch up so much with HIVE that it ends up in the liquidity situation that has happened to Golos, WEKU, Bearshares, Serey, Blurt, WhaleShares..... Sounds bad but as the prices sag everything clinches up even more. Those in control hunker down even more for better or for worse. Then people feel like it is too much of a risk.

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vimukthi 6 months ago

I have never been able to get a job for a blockchain related company

This was very surprising to hear. A resume like yours is extremely good. I only touched cryptosphere in 2017.

BLURT is doing somewhat okay and there are many authors from South Asia. Steemit is somehow doing good with web traffic. HIVE should be able to manage fine because of all the development we are seeing around. My fear is that some new Web 3 social media project with VC money and fancy marketing will take most of the marketshare.

I feel second hand frustration about many of the things you have gone through. The only way out for HIVE to get back in Top 100 is to onboard as many DAPP developers as possible and take marketing seriously.

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3 votes

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brianphobos 6 months ago

I compare some of the stuff to other projects that are fighting through a similar type thing from a different angle. Telos and WAX are two projects I look at that have a lot of positive things going on but have slipped way down in the rankings.

STEEM Has a Tremendous War Chest that isn't hardly being used. $4,664,052 X $2.41 (SBD) = $11,240,365. Not using it and not developing much and STEEM is in a similar position. Kind of strange yet interesting.

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brianphobos 6 months ago

I ended up putting up a marketing proposal.
https://peakd.com/hive/@brianphobos/how-to-save-hive-meet-jimmy-sandfield-our-new-pitchman

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