Hello SPIers, In my personal life, as soon as someone hears im invested in crypto, they always ask the same question "Do you make money from it?"
This answer is simple "Yes, I make money from crypto" but explaining how I make money is the hard answer. I always tell them I write blog posts and provide liquidity for markets. Thats as simple as I can make it.
When someone asks me what to invest in, I tell them "Just buy BTC and hold it for years" I would not even start to try and explain how HIVE works cause it's just pure information overload and people shy away. Better to get them on BTC to dip their toes into crypto instead.
The fact of the matter is I dont really make any money from HIVE, none of us do. It's all just pocket change. 90% of the money I make from crypto is outside of HIVE. Being so involved with HIVE makes it feel like I make money from it until I look at the numbers. 30 mins per week spent on Pancakeswap, Uniswap and Raydium makes alot more and is 100 times easier than spending a few hours on HIVE each day.
It's sad to see that even the biggest content creators on HIVE would struggle to make a living from content rewards. I would say it's not even possible. Depending on where you live in the world, your living costs are different but if we said $850 per week pre-tax is an average full-time job. Thats 5000 HIVE a week just to get by without additional money for saving. Nobody on HIVE is earning 5000 HIVE per week (Maybe a few that receive DHF funding do) and thats a big problem. I understand HIVE is down now but even at 50 cents, you'd need to earn 1700 a week.
The content is shit, it's just that simple. There is no incentive to produce good content because the reward pool is capped and content rewards are paid once after 1 week. 80% of content is about either HIVE, LEO, Splinterlands are Actifit all tagged to collect autovotes. User interaction is non-existent and after a week, that content is dead to the author cause its paid out already. Im not saying my content is any better because, like you, all I do is sit down and start writing. I dont plan content on HIVE, I dont do research before I write a post, and I dont even have a thumbnail are a title in mind. I think of a topic to jump-start with and then write until I hit 1000 words and job done. I might have Google open on another window to fact-check things as im writing.
On other platforms, people will put alot of effort and time into content. Some people on Reddit will spend 3-4 weeks researching and writing drafts before they publish a post. People on YouTube will spend countless hours planning, recording and editing before uploading. They do this for no monetary gain, the incentive might be to share information, build a community or grow influence within their space. They put the work in because they know their content can be seen by thousands are even more people.
If HIVE were to grow to a small 1 million active users posting content, the reward pool would remain the same and be split between more people. I think it would be a wild claim to say 10k people are day are uploading to HIVE but if there were, jumping to 1 million active bloggers would on paper reduce your HIVE rewards by 99% cause 100 times more users.
Maybe im wrong about that but I dont think I am. You could go from earning 100 HIVE a week to earning 1 HIVE a week if we were to have a small tiny 1 million active bloggers. What if we had 50-100 million users, lol
The wrap it all up, it's not likely that HIVE will ever recover its lost users are gain many new ones because there is no incentive. The numbers are too small, not enough users, not enough interaction, no influence and no financial reward. If the numbers were big, the reward would be worthless even for top content producers.
I actaully feel kinda sad right now.
Getting Rich Slowly from June 2019
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token |  | SPI |
| LBI token |  | LBI |
| Top XV token | | XV |
| Eddie Earners |  | EDS |
| EDS miners | | EDSM |
| EDS mini miners | | EDSMM |
| EDS-vote |  | n/a |
| EDS DOLLAR |  | EDSD |
| DAB token |  | DAB |
| DBOND token | | DBOND |
| RUG token |  | RUG |
