How Intelligent Design Makes Hive More Valuable
The Hive model was initially designed in 2016, and was a very unique concept at the time. Unlike monetization from a centralized system, the community gets to vote on which articles are valuable and worthy of a decent reward. Yes, I hear you. There is room for manipulation, and yes, it does exist to some extent. Upvoting cartels to artificially enhance their content. However, it is not all-consuming.
Stability trumps random rewards that may in fact disappear. This is an aspect that so many do not fully explore. A lot of content creators avoid Hive and other second layers, such as Leofinance, because it is initially quite difficult to gain meaningful traction. Posts can sometimes slip past unnoticed, even if they are informative and of a decent caliber. However, quality does eventually gain recognition.
The Hive model offers the best long-term prospects for stability and rewards. It is not reliant upon outside sponsors or companies and therefore has an edge that I find paramount. Independence is at the heart of my own economic construct, and though complete independence is not very realistic, it is important to have as much of it as possible.
Why Branding And Reputation Matter In Crypto
I recently mentioned on Noise that I had a large Twitter account (11K) that was suspended in 2017 for tweeting about ICOs. If Twitter is a primary part or mechanism in your own construct, and that happens, you are done! That is why I prefer to have my own domain, as well as various other decentralized platforms like Hive. It’s a level of protection.
The same can be said if you have a primary source of income that relies on sponsorships or alternative forms of monetary creation. If those contributions dry up, so do your earnings. This is where the Hive economic model makes so much sense and is given validation. Rewards might be volatile along with the broader Crypto market. However, they remain relatively stable in the amount of HIVE earned.
Why Hive Is A Blockchain Built For Builders And Long-Term Growth
The community has to be committed to growing and remaining relevant. Fortunately, that is actually the case. Dedicated members of the community realize that in building Hive, they are building up their own economy as well. This is a highly attractive, unique aspect made possible by how Hive is designed and operates. You will battle to find a similar dynamic anywhere else, even in WEB3.
In most cases, the entity wins, but with Hive, it is different. The entity and community are the same people. This creates a powerful dynamic because the motivation is unparalleled. It is a true win/win scenario, which I love! Whales are obviously the biggest winners, though. So yes, centralization can still exist among larger accounts.
Hive Tribes And The Multiplication Factor: How To Earn More From Every Post
Tribes are second-layer solutions with their own native tokens. Many may not be aware of this, but when using Tribes, you are, in essence, posting to multiple platforms and earning multiple tokens. Essentially, this enables users to earn HIVE at the base layer along with additional tokens that have monetary value. These tokens can also be sold for HIVE and used as HP.
When posting an article on Hive, users can tag specific Tribes, enabling them to earn HIVE, LEO, and other tokens, since their posts are also visible on the second layer. For instance, I may earn $12 for my post on Hive. If I simultaneously posted to Leofinance as well, I could earn a second $12, in some cases more, and others less. These valuations obviously fluctuate in conjunction with the market.
Why Hive Still Has More Opportunity Than Most Crypto Platforms
Essentially, I am multiplying my earnings by utilizing the second layer and receiving the applicable tokens as a reward. Hive is an economy built on a tokenomics model that works and is rewarding. Being a decentralized entity makes it even more attractive. There are more opportunities for smaller content creators. Some curators keep an eye out for original, high-quality content. So, you are likely to be discovered sooner or later.
Just because a platform rewards users with Crypto does not necessarily make it a decentralized entity. Similarly, not every Crypto project is decentralized. This is a more common misunderstanding than you may realize. Many SoFi platforms are more aligned with WEB2 than WEB3, primarily because they are centralized entities touting a WEB3 label. Hive is probably the best example of a decentralized platform at the moment.
How Hive Users Can Protect Their Interests And Maximize Rewards
By using a more decentralized model, you are protecting your property and contributions. This is why many YouTubers have created alternative backup accounts on platforms such as Odysee and 3Speak! It is wise to make use of as many opportunities as possible. However, it is also wise not to have a considerable portion of your income reliant upon a centralized company or entity. This is becoming increasingly important in this ever-changing world. Soon, it will become imperative for many. Censorship is becoming a real concern for many content creators.
How Hive Users Gain Influence Through Commitment And Participation
In many ways, the extent to which you are committed to the growth and development of the Hive ecosystem is directly tethered to the influence you hold. The voting mechanism operates on a weighted basis, with weight determined by the amount of Hive Power a user holds. Users are required to lock up their Hive to gain HP (Hive Power), which enables them to vote and interact on the platform. This, however, is not an incorruptible design, as users can buy HP and gain a dominant weighting. However, in most instances, reputation is more powerful than HP.
Something that may be considered in the future is authorizing earned Hive to be used as HP. I understand that this is counterintuitive to growth and development, but perhaps a partial percentage could be considered further down the road. As with everything, balance is very important. Correctly weighing growth against an incorruptible process is also important.
Final Thoughts
In light of the potential and advantages available to Hive users, I would consider it important, as a content creator, to make use of the Hive ecosystem. The journey of a thousand steps always begins with the first step; there is no escaping it! Establishing a following with consistent upvotes can be extremely challenging, especially for new creators. However, there are rewards to be earned over time. It definitely makes sense to include Hive in some fashion, even if it’s only as an arm of a larger content-creation machine.
What is Hive? It’s a digital home for creators and writers looking to be a part of and profit from communal support and tokenomics. The platform is designed to be as fair as possible regarding reward structures and monetization. Posting across various communities enables users to earn both Hive and various other tokens. In my opinion, it’s worth a look. That’s it for this one. See you next time!