My last "real" Ph's Shorts 🩳 series post was published in July last year, so I could publicly admit I failed in running that series! 🙂 I remember when I joined this blockchain, I couldn't write a post over 300 words... I was struggling with a topic, I was struggling with describing my thoughts, I was struggling with everything... Today... Whenever I write a post that is Hive-related, I can't write a post shorter than 700-800 words, but sometimes, I really try to do it! The point of the Ph's Shorts 🩳 series is to drop an idea in a few sentences and ignite the thought process in readers to brainstorm about it and leave a comment... Speaking about things is a well-known method to MAKE IT HAPPEN... So, let's do it!
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One of the sparks to write this post was the comment section of the post where I wrote about the value of HIVE content outside HIVE... There were many great comments (you should check them out!), but this by @macchiata stood out!
As I do think that HIVE content is valuable, and not just for only 7 days, what Mac said, completely has sense... What is even more interesting, is how nobody had similar ideas before. I mean, I heard complaints that posts should be rewarded over the 7-day period, but there were no solutions provided on how to do it...
To be honest, I haven't heard any discussion about these things lately, and the latest was probably 2-3 years ago! In the meantime, many things have changed and the HIVE ecosystem has changed too... Unfortunately, certain things didn't stick, but even in failures, there is a lesson to be learned...
In one other post, there was a discussion about the "frontend competition" or better said, the lack of it... Now, why competition is important? It makes the final product(s) better... Now, imagine having an HIVE frontend that works as any other (current), but on top of it, it has a revenue sharing of post rewards as long as they attract visitors (and income)! Would you use that front end for all your actions if it existed? Of course, you would!
Problem. It is hard to implement lifetime rewards to the current HIVE reward system... It would probably break the tokenomics and who knows what else more...
Solution. How about rewarding posts with additional tokens after those 7 days of HIVE payout? We have Hive-Engine tokens that could be used for something like that... If the front end would have more visits and more traffic, there would be better chances for monetizing it, which could lead to revenue-sharing... In that case, with the right distribution, we could solve 2 problems with 1 improvement! We would get a SELF-SUSTAINABLE front end that doesn't need DHF funding, and we would get more evergreen (more quality) content on HIVE (as people would be incentivized with "additional" rewards)! WIN-WIN!
I know this is a long shot, but it could be a good starting point for IMPROVING our "offer" that could make a difference... What do you think about this idea?
Thank you for your time,
--ph--
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