Author rewards are given away but most of the posts don't bring any value to Hive
This is the same mentality that first caused many artists, photographers, and general entertainment types to be on the receiving end of massive downvotes day after day, not so long ago. "No value," they cry. "Useless!"
Consumer buying power. Have you ever heard of that? It's basically the driving force that makes arts/entertainment and even information incredibly valuable to both the people creating it and the stage/platform where it resides.
These days you can't even watch a livestream without the host stopping every few minutes to thank consumers for their tips/donations. That money pours in nonstop. Imagine all that pumping into Hive, daily.
Artists were chased away from this platform. So what happened? Now they can earn hundreds and sometimes thousands of dollars NFT style, elsewhere. Consumers purchase ETH instead of HIVE. Thousands, millions worth of ETH. How can that happen if what they do — according to the 'experts' on Hive — is worthless?
What I find humorous about that business model though is the fact: It's new money in the door for ETH, in order to pay an artist, who then wants to convert that ETH into cash. No incentive to hold. ETH breaks even, no steady buying pressure. What comes in goes straight back out. Whereas with Hive's business model, the consumer has an incentive to hold, and so do the creators. So that's new money in the door that sticks around for much longer periods of time, as more new money comes in the door, since consumer buying power is a force to be reckoned with.
You folks focus too much on crypto and crypto investors. So much in fact, you don't even notice the goldmine sitting directly under your noses. When you're offering a product consumers enjoy, consumers become the investors you seek.
@therealwolf's "point"
"So that's the content I'm paying a 50% curation tax on? Well, that's a turn-off..."
That's like inviting only hecklers to the comedy show.
RE: APR