The value of content on HIVE is a very complex topic, but that doesn't mean that we should be discouraged from talking about it... I have a strong point of view on this topic which sometimes sticks out and creates some controversy, but I find it as an important thing worth discussing...
I suppose that we can all agree that the "content value" can have a very broad definition... For some, the valuable content is a post with over 500 words and at least one image... For some, it's a 1000-word travel post with 50 high-quality photos... and for others, it could be a short post with questions that can raise a lot of engagement... In the end, there is a group of people that completely ignore the blogging side of HIVE, stating that all content published on HIVE frontends is garbage and trash...
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Of course, I disagree completely with the last group if I believed the same, I wouldn't publish my posts here at all (as they would be garbage 😀)... On the other side, if posts here are garbage, what could you say about posts on Twitter, Instagram, or Facebook? Those are some valuable gems. I wouldn't say so... Of course, I don't like all content on HIVE and I do think that some of them are "shitposts", but that's my view about CERTAIN posts... Not ALL of them... In the end, I always remind myself about the saying: "One man's trash is another man's treasure".
Okay, now that we have "covered" that even garbage can be useful, we should approach the "second level" of discussion... How to "rank", or how to give the post a "proper" value, and not just that, but how to give those better posts more exposure... The upvoting system on HIVE works, but it has its pros and cons... One of the biggest cons is that your post "loses" its value after 7 days (after its payout)! Motivating people to create "evergreen" content is hard if you don't incentivize them with "lifetime" rewards... YouTube is a good example where you create quality, evergreen content that can earn you rewards for years and years...
On the "third" side, we have our HIVE frontends that are doing a great job of showing our content, sorting it out in communities, etc. And then we have an SEO issue on some of them... The main problem is that the content is written in the HIVE blockchain, but it is shown on many different frontends, which is something that major search engines (like Google), don't like... Despite all that, some frontends made improvements and the content is better ranked on Google, and some stayed where they were 4-5 years ago...
We are slowly getting to the main issue... 😃 With the current setup, where post rewards are paid only from the HIVE rewards pool, after 7 days, with the setup where the main frontends are mainly financed from DHF, nobody is INCENTIVIZED to DO BETTER... Content creators don't want to invest more time to create top-notch evergreen content as they will not earn from it after 7 days, and frontends are not incentivized to bring additional impressions (post views) to their websites as they don't need to bring more value to their platform (earnings from ads, or something similar)...
If we had some kind of business model on our front ends where they could have "external income" from ads, links, or something else, we could have a possible solution for evergreen content... Imagine Ecency or PeakD, being a Facebook-like business where they earn from advertising, but instead of "stealing content" from others and monetizing it, they would take part for their development costs, and other parts shared with content creators in the form of evergreen rewards (after 7-days window)...
Or imagine just a small part of that income being forwarded to burning HIVE tokens? Maybe it could reverse our high(er) inflation into a deflationary token? Maybe it could create constant buy pressure?
I can't accept that content on HIVE is garbage, and I disagree that it is worthless... It may maybe "invisible", but that doesn't mean that it has no value... The truth is that we can say that many things have no value when they are in the closet, or under the bed... They get value when you put them on the market, and make them visible... Let's make our content more visible and let's take part of that Web2 income to us... Web3 deserves that as it is a much better concept than Web2!
How can we monetize our (Hive) content OUTSIDE Hive? Can HIVE front ends be self-sustainable? Maybe it could lead to more front ends being built, more competition, and more quality. What do you think about these topics?
Let's see the WorkerBee Pool numbers for this week...
This week we have mined 116 BEE tokens in total!!!...
This week we didn't have new delegators, but we did get more delegations from our old members... Thanks guys! Appreciate your support!
This POOL doesn't have fees and you get up to 20% MORE by delegating to it!
What about the bonus tokens?
The HIVE price continued soring up after the last report and it made some crazy stuff to many Hive-Engine tokens... Those who were narrowly connected to USD went down prices in HIVE and those who were backed up with HIVE went up in the USD value (following HIVE price)... For example, WORKERBEE and BEE tokens went down compared to HIVE, but today's bonus token, STARBITS stayed almost in the same range as before thanks to most liquidity connected to HIVE!
There will be distributed 1.6 million STARBITS tokens to the delegators of the pool as a bonus reward today!
As always, in the end, let's give the exact numbers for this week... 116 BEE tokens and 1.6M STARBITS tokens will be distributed as a bonus... The APR (without the bonus) was 10.727%, and when we added the bonus it went up to 12.946%!
I have calculated the ROI approximately with medium prices for all tokens at the moment of creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the middle HiveEngine price...
Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post, and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter and we will find the best solution for both parties...
If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (@ph1102)! Every week you will get your portion of mined BEE tokens and BONUS rewards!
.:. DO NOT STAKE TOKENS TO MY ACCOUNT!!! Just DELEGATE! .:.
All payments will be made after publishing this post...
If you have any questions, please leave them in the comment section!
You can find more about this pool in the initial post here https://inleo.io/hive-119826/@ph1102/workerbee-p-h-ool-let-s-help-each-other
Thank you for your time,
--ph--
None of this is financial advice!!!
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