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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That sounds like a good idea to me, a second token for a lifetime; let's say you reduce it to three years or something.
But isn't it the same with H-E tokens set to 7 days? Is it possible to change that?
At this moment, yes, most tribe tokens have the 7-day payout schedule...
But, for example, you have some sort of ads (or other source income for your front end), you follow the impressions on posts, and share those rewards in the form of tokens weekly/monthly with authors... In that way, distribution would be fair as those who attract the most views would get the biggest share...
It is a bit of thinking outside the box, but it could be done...
It's good idea to be rewarded and after 7days. Back to the memories I saw/heard such suggestions, if I'm not wrong, somewhere at Leofinance from creators, but I don't know how it has been finished or just stayed as idea. Anyway I think here will be enough people who will support such initiative!
Maybe some ultra-great-developer creates a new frontend with something similar implemented... I would like to see it!
I love the idea of rewarding content past the 7 day payout window.
a) Give a tip. There's a tip button on every post page where you can give the author 1 $HBD for example.
b) You can make a comment. Even if it's an old post. If the author responds to the comment, you can upvote the new comment and he/she will get some HP from the reward pool
2)Have a DHF proposal that goes searching for good quality content and does the above (tip or comment).
There are ways.
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Rewarding post with good content after 7 days is fine for me. Some people read blogs which they can learn.
Seems a pretty cool idea. EG tokens. I guess it about what brings value to that EG token.