One huge problem I think is very important with this comparison is that on Hive there is a limit on the amount you can earn and it's tiny compared to potential earnings on You Tube. This earnings limit is a block to attracting the higher quality content creators and means Hive sits firmly as social media as opposed to a serious content platform.....which is why I like it here. As I say many times, it's about the people, not the content!
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I agree with this one because of the analysis of @/dalz about the word count vs. rewards earned. While word count is not a very good metric to determine quality, it gives an overview of the underlying trend here in Hive. If I'm not wrong, the sweet spot in terms of the number of words is 1000-1500. Beyond that, the rewards seem to flatten. It means there's no incentive to go beyond.
Another trend I noticed is that those who consistently churn out quality content (this is based on my stint as Pinmapple and OCD curator) tend to be seen as "over rewarded" if they're consistently curated. So I agree with the earnings limit. While this may seem to be seen as negative, we have to factor in the token distribution and even the interaction.
That's why I like it here. There's no pure content creator and pure content consumer. Everyone is both a creator and consumer. It means everyone is in equal footing in terms of receiving potential rewards. No one will become pure content creator.
While it's good to compare different platforms, one must not compare just for the sake of comparing. There should be good understanding of the underlying context before attempting to make a comparison. Mac's effort is laudable because it stirs up discussion.
That's only true for now with our size, our reward mechanism not to mention the lack of adrevenue could easily put what youtube offers in the corner in the future. We could have everything they offer + L1 and plenty of L2's.
I completely agree about the potential but it's like being stuck in a chicken and egg situation trying to scale with the content providers we have. I keep chatting to a couple of guys who have 30K sub sailing channel on YT who are very engaging, not too big and would be perfect on Hive but trying to get them to actually sign-up and join in... I can't understand what stops them as I know they struggle financially to keep their voyages going based on a couple of hundred Patreons!
I'll keep trying...I'm going to write them a tribute post and post the link of their FB. If they could see that posting here would also hopefully increase their YT views, perhaps that might sway them.
There's that aspect too where here we can't earn from endless advertisement and just relying on reward pool. If it's really just a place for social interaction, there shouldn't be a problem with short form content although data still says longer content gets most upvote despite being read or not😅
Okay so maybe the difference would be "youtube provides better chance for serious content creators than hive? as both shares the same ability, content sharing, and social media platfrom too.
Thanks for additional insight Nathen!