Hey everyone!
While it's great to see the activity of Hivers using #posh there's a few things I've been thinking about lately on how to improve it both to make sure to reward users consistently for sharing it but to also focus more on how they are being shared and the effect they have on Twitter and in the near future also on other platforms.
I figured I'd ask the community what they think about these changes since they all affect the reward pool and we wouldn't want to go against the community with it. So I'm gonna lay down the changes first, the effects of them and you can let me know your thoughts or improvements you might have in the comment section, I'd greatly appreciate it!
So far we've checked if a post got #posh'd and if the post was something we were going to curate anyway it got a slightly bigger vote. This is of course something that's a bit subjective and isn't always as clear to the author if they're #posh did anything to affect the vote or not and in some cases I assume some users stopped sharing altogether because they thought "it didn't matter".
Another issue is that some #poshers would just drop a link on their twitter and that's that when in reality shares without tags such as #hive or $hive, #/$crypto etc and the tags and usage of them matter.
Alright so now to the changes:
Instead of voting the posts higher we'd vote the comments a day or so later depending on how they did on Twitter and if they were shared "more effectively".
We believe that this change will encourage more users to connect with each other on Twitter by following and also liking another's shares there which would result in higher activity and more importantly higher activity of the #hive tags. Twitter likes don't cost so knowing they'll get bigger rewards on their shared comments it would incentivize better sharing.
Now of course we also have to take into effect what this means for us ( and its delegators) here on Hive. Voting up comments will most of the time mean no trail follow and majority of the time the rewards won't be close to hitting the reward curve which means even lower returns to delegators. As some of you know we've never focused with
to maximize curation as we've constantly been voting late with it to encourage more manual curation in our community and now the other communities we're supporting and since this isn't our stake we wanted to hear what you think about this change. Keep in mind this is of course to bring more eyes and traffic to both hive.blog and peakd.com which is a positive for every stakeholder of the platform and it is unclear how much of a penalty the returns will be exactly.
Another reason to check with the community is that similar to how posh worked in the past this now means it would move to comments so while it's the same (although probably lower effect on the reward pool) it's still from the reward pool so we want to check if the community are okay with comments being rewarded this way.
Having said that though it would be great if other communities and big stakeholders would join us in curating #posh comments cause we're not going to get far by maximizing our stake ROI if no one gets to find out about our platform, currency and ecosystem.
As a trial we'll refrain from automating this cause we all know how easy it is to bot likes on Twitter or purchase likes, especially if there's a monetary incentive here now to do so. Over time it would make it easier for us to add a "whitelist" of #poshers that we know aren't going to attempt to cheat their twitter engagement of shared links and automating will take a lot of time out of our hands that can be put somewhere else to work.
Alright so let me know your thoughts about this, I'm not the most prominent Twitterer but I do believe that these changes would make our presence and reach much bigger on there and since it's one of the few platforms that doesn't outright censor, blacklist/shadowban our links it could be a nice move to improve the #posh system even if it means it costing us and our delegators some ROI.