Hive: Putting The Vision For 1,000 True Fans On Steroids And Why People Should Join Now

in #hive-1679222 years ago

There was an article written years ago detailing the idea of how peer-to-peer communication was going to change life for content creators. This was written by Kevin Kelly who has made some insightful forecasts over the years.

This concept was tied to the long tail concept that we discussed in the past. Hive is starting to really epitomize these concepts. In fact, we are at the point now where anyone coming to Hive can work on generating a living off this ecosystem. It will require time, often years, but the path is there.

We should see this idea expand in future years. Kelly's vision is clear with Hive and all can take advantage of it. Fortunately, the early adopters will benefit the most since they are ahead of the curve.

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1,000 True Fans

The article was titles 1,000 True Fans and was originally written in 2008. This shows how far back the idea goes. It did not foresee blockchain and cryptocurrency yet it did understand the direction of the Internet.

For this reason, it did approach everything from the direction of fans buying what one creates.

Let us get some of the basics.

A True Fan is defined as someone who will purchase anything and everything you produce.

The idea is to get 1,000 true fans who are willing to spend $100 per year with you. To achieve this, direct contact must be made. Here is where the ability to alter the distribution curve enters.

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Looking at the long tail curve, we can see where this resides. Content creators can approach this peer-to-peer communications. We have a variety of tools in which to engage with this. On Hive, we see this growing.

Here is the essence of the opportunity:

Fans, customers, patrons have been around forever. What’s new here? A couple of things. While direct relationship with customers was the default mode in old times, the benefits of modern retailing meant that most creators in the last century did not have direct contact with consumers. Often even the publishers, studios, labels and manufacturers did not have such crucial information as the name of their customers. For instance, despite being in business for hundreds of years no New York book publisher knew the names of their core and dedicated readers. For previous creators these intermediates (and there was often more than one) meant you need much larger audiences to have a success. With the advent of ubiquitous peer-to-peer communication and payment systems — also known as the web today — everyone has access to excellent tools that allow anyone to sell directly to anyone else in the world. So a creator in Bend, Oregon can sell — and deliver — a song to someone in Katmandu, Nepal as easily as a New York record label (maybe even more easily). This new technology permits creators to maintain relationships, so that the customer can become a fan, and so that the creator keeps the total amount of payment, which reduces the number of fans needed.

This new ability for the creator to retain the full price is revolutionary, but a second technological innovation amplifies that power further. A fundamental virtue of a peer-to-peer network (like the web) is that the most obscure node is only one click away from the most popular node.

The last point is applicable to Hive. We will detail that in a moment.

What we are dealing with is a direct model due to the ability to engage through peer-to-peer engagement. This is something the major entities are not cut out for. Instead, they mass market trying to find the sweet spots of the largest number of people. They are looking at the front end of the curve above.

That said, the Hive blockchain and all that is being built turn this on its ear.

1,000 True Fans On Steroids

The concept Kelly outlined followed the traditional business model. While the concept is revolutionary, it still is part of people putting out a product and someone else buying it.

Hive does something completely different. This is still possible however we add another layer with tokenization. By tapping into many different reward pools, we are able to support others simply through votes.

This is a process that is taking on new meaning.

In the original article, this concept was introduced:

New models of support include micro-patronage.

The idea here is that one becomes a micro-celebrity with 1,500 fans. These people are so loyal they rave about you and the works you produce.

With Hive, this is being taken to another level. Here we take micro literally down to sub-penny.

A few weeks back we discussed the idea of micro-earning. In the article LeoThreads: Leading The Charge Into Micro-Earning how earning miniscule amounts on a large number of content could add up.

Then we looked at some projects Hive Compounding: Legacy Content And A "Royalty" Reward System which pondered the possibility of bringing legacy (evergreen) content to life. Here is where older articles and video would be eligible for earnings through layer 2 developments.

All of this comes under the idea of micro-earning.

What is interesting is that Hive is the only one that can really offer this. Since there are no transaction fees, micropayments are possible. This is not possible on other blockchains.

1,000 Ways To Earn

Perhaps we have to repurpose Kelly's vision for Hive and call it "1,000 Ways To Earn". With each passing year, more opportunities show up on this ecosystem. This will really take a step forward when smart contract platforms are developed. That will make the creation of projects with monetization much easier.

On Hive, it is not a matter of getting 1,000 True Fans. Instead, it is getting hundreds of people potentially voting your material repeatedly throughout the day. This will ultimately grow into thousands as the ecosystem expands. Add in the idea of some type of reward for evergreen content and we can see how powerful this is.

This is why everyone should be joining and getting active on Hive. Start taking this very seriously.

Imagine that you are posting pictures using an application such as Liketu. You do not get much in the way of rewards on your content since it is a picture. However, you keep posting them until, over a couple years, you have thousands of them.

Now consider the idea of a legacy reward. Perhaps some team brings this out whereby your pictures start receiving some form of compensation utilizing layer 2 tokens. Now you are receiving a penny or two many times throughout the day. This could end up happening thousands of times daily if Hive grows into millions of people.

This concept turns social media completely upside down.

Keep in mind that, with Hive, all content on the blockchain, going back to the genesis block is eligible. Once the code is broken on rewarding, it will spread like wildfire. We can expect many applications to follow suit. This might happen next week or it could take another year.

The bottom line is someone is going to figure it out.

Now for the grand finale: finance.

Hive combines social media with finance. Not only are we dealing with social media rewards, this money can be applied to the financial features that are emerging. We are aware of how HBD rewards can be placed into savings to earn interest. There is also the speculative nature of a value capture coin such as $HIVE. Markets can drive the price of this higher, enhancing our returns simply through appreciation.

Hence, a penny reward could end up being a dime.

On Hive there are thousands of people clicking the vote button many times throughout the day. These votes continue not only value tied to the base layer coins but also many layer 2 tokens. Serious users of Hive are already being rewarded in dozens of different tokens each day. This is a concept that we can expect to grow as more projects come online in the future.

My only hope is tens of thousands end up seeing and understanding this vision. It is unfolding before our eyes for anyone who is paying attention.


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Certainly a very valid perspective. And there are definitely "1000 ways to earn" within the Hive ecosystem, although we perhaps need to do a better job of teaching our existing core users to also invest a bit in all those layer two tokens. I notice that there are quite a few "old timers" here who have a good bit of Hive power built up over years but a quick gander (PeakD is really useful for this) at their Hive-Engine wallets suggets they have never even logged into Hive-Engine ONCE in their time here.

To my mind, Layer Two communities are an essential part of Hive's future, because we're rapidly moving to that tipping point where the paradigm moves from simple "being ON the blockchain" to "What you DO on the blockchain," a bit like the evolution of the Internet.

What difference does it make is a few whales are or are not on Hive-Engine?

Isnt it better for communities to spread and distribute things out?

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So many ways to earn and recently discovered AI blogging better than human content and will be crafted to draw curators to them based on the ones always curated as well and create 1000 posts on hive daily with 100 accounts tagging each layer 2 and other tags doing different things testing profitability of raffles, giveaways , which column or topic is most profitable to write with AI etc and whether or not i can get to at least 10 per post after a few months and have thousands of followers on basically botted accounts for writing and art etc see what nfts i can sell based on AI art and turn lore into art etc. speach to text , edits of videos , finding hot issues to put out to get reactions and votes. etc. Monitize it here and copy past to steem monitize there for double and publish ox etc
just farm all the chains with the same post.

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..."1,000 Ways To Earn". With each passing year, more opportunities show up on this ecosystem.

New and rather creative ideas. It's surprising to see the growth of Hive.

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Speaking of peer to peer, I was dragging my feet for a long time on using an app like Venmo. I finally started using it about a year ago and it is so convenient. I can't wait until more people are using crypto and we can just make transfers that way. It's going to be so streamlined.

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LOL we are going to see a great deal of expansion like this. The masses are slow to adopt things.

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I think each year we have to get such 1K true fans for hive. And that would keep the Hive floating in the market and the crypto winters won't affect much. Another thing is that 1K true fans doing something productive on the chain, would also bring the ripple in the waves of bring in more true fans in the due process. It's interesting domino effect :)

It takes on new meaning with blockchain and reward pool. This is available to everyone who wants it.

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Hive really presents a unique opportunity for anyone to build wealth from their creations. I'm particularly excited for the reward system for evergreen content(s). It'll be a huge game changer.

Been thinking about that for years already. My question would be, how much impact had the natural coin earning on diminishing additional reward sources? Be mindful of the fact that policing the Hive(Steem) reward pool pushed all high-frequency interactions and a lot of engagement into third-party apps.

What do you mean third party apps?

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Anything that is not the Comment Section below the post.

Everyone on Hive contributes to the rewards distribution. It's going to get really interesting when some big star brings in 1000 fans who vote on all they do. Those fans will find other things they like too (maybe even Liketu). Currently the stake is too centralised really. That's why I love to see smaller accounts powering up.

There's huge potential here, without a doubt. The idea of legacy content in particular is a game-changer, coupled with the micro-payments and all the development means things are going to take off in the not too distant future. The time to get involved and up our game is now!

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The idea of bringing legacy content to life is really exciting. We will see who breaks the code.

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I wonder if it will reach the point where people in the US can earn a full-time income off of hive or not. It's kind of tough because the barrier is so high due to the high costs. I do think it's far easier for the underdeveloped countries though.

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More info why you see this.

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It will be a beautiful thing to watch Hive grow into all we expect it to be. Every time I watch Hive Open Mic videos I see vision of the future with Hive. To be honest I think people are tired of being under the control of Big tech and this is what I think will send people running to us. Of course we still need to make the UI very user friendly as Big tech continues to push the market towards us



The rewards earned on this comment will go directly to the people( @taskmaster4450le, @onealfa, @rzc24-nftbbg, @rubencress, @virtualgrowth ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

I have never thought about this theory, if on other social networks ppl with millions of followers are consider celebrities but lets be realistic how many of this spend on the brand or how many of this even care or exist because there are tons of fake accounts or bots, on Hive I would say at the moment of the article the percentage is way way lower than in traditional social networks so yes anyone who can get to 100s of followers not only would probably bank on rewards but the most important indicator would be potentially big growth for Hive, considering that on 2013 I remember Youtubers who had over 1 million subs were not too many and there was not a massive boom for trying to be a Youtuber, I remember because I follow a few that were close to get to 1Million, when that happen on Hive anyone who probably have been on Hive from now on will be killing it with just small investment, would be nice to be alive for when this happen, probably in the next 5 to 10 years, thx for sharing ✌️

787 votes! You're almost at 1000!
Think I have/had 1000 fans. In part decentralized in different places and on different blockchains. Love this concept and part of why I have always lent towards tokenizing part of "(my-)self". Look forward to more of us breaking into this direction. Thanks for sharing your great insights always.
virtualgrowth

we are at the point now where anyone coming to Hive can work on generating a living off this ecosystem

This has always been my goal with Hive and am seeing that gradually coming to life. Hive is going to set those that utilize free from the rat race.

Since there are no transaction fees, micropayments are possible

Hive is simply ahead of the rest out there, imagine the need to pay so one can withdraw one's earnings. The zero transaction fees on Hive is one of it's characteristics that makes it a gem.

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It opens up a great deal of opportunities especially with micro-earning.

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Keller's 1000 true fans have always inspired me. This model was the first thing that came to mind when I started on Hive. You're absolutely right, I believe that content creators would need a lot less than 1000 true fans on Hive, which is just insane. But 1000 is definitely a magic number.

Kickstarter, Patreon, Netflix. They're pretty "old" 1000-true fans-based strategies.

If we consider that YouTube and Instagram have slowly been introducing subscription models to their use cases, it really shows that Hive is way ahead of the curve. Especially if we could introduce a feature such as delegated locked HBD.

The one thing they all have in common is that they are soon (s)hitting the ceiling. They can't and won't be able to expand much longer. It is proof that the 1000 true fans can easily be adopted and evolve on Hive.

The one thing they all DONT have, is the ability that 'content creators' are able to reward all of these 1000 true fans that engage with them.

This is a fantastic essay that highlights Hive's potential as a platform for content providers. Hive offers a special chance to boost that vision and connect with a huge, engaged community. The idea of having "1,000 true fans" is a well-established concept in the creative world.

Hive gives a platform to establish a community and interact with fans in addition to being a place to share content, which is a powerful concept. Hive has the ability to connect content producers, consumers, and fans from all around the world while also offering a platform for interaction and mutual support.

It seems obvious to me that Hive is positioned to play a significant role in the realm of online community development and content creation, so this is a fantastic time to get engaged. Hive has something to offer, whether you're a content provider trying to expand your audience or a fan looking for fresh, engaging content.

Overall, I believe Hive has a promising future and I can't wait to see what the community will produce in the years to come. I appreciate you sharing this post that got me thinking.

I agree. Those of us who are on here are really starting to understand the potential that is here. It is still hidden yet that is the time to see it.

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Smaller dots combined infinitely composes the whole universe all around the existence and the smallest building blocks make substances. Hive content creation is a big opportunity for any users in the blockchain and the idea of true friends are in fact a promising mechanism that switching life to the system.

Each time a new idea is shared and multiplied,it emerges into a more potent one by the other true friends. Quantitatively the 100 turning out 1000 by social media is possible and Web3 is a fine example of that.

Hive is the epitome of copycat ideas.

One good one can penetrate most apps.

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I believe that your hope will come true over time, because here on Hive the opportunities are truly endless and you just need to know how to seize them.

The speech of the 1000 fans on a general and theoretical level and also reported on our beloved ecosystem is very interesting.
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We are now moving into the area where the opportunity is there for everyone.

It is a question of how many people are going to take advantage of it.

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