I saw something pretty cool on the Threads this morning and thought it would be a great conversation to have....
Let me set it up by this little short I saw from @dashpay
And here's what they wrote about it on Threads:
When I was watching the video I couldn't help think about the old....
Steem White Paper and Steem Blue Paper
Some of you old school blockchain OG's will know what I'm referencing.
Essentially back in the glory days of this crypto stuff, every project needed a 'white paper'. A detailed description of what a project would do, how it would be distributed, and developed. At least how the project developers envisioned it would go....
And when I first read these papers by the Steem blockchain (which would become $HIVE) it absolutely captured my attention. It took a few read throughs and about a month of using this stuff, but when I 'got' how the token would be distributed, it changed everything for me.
Need a refresher?
Here's how this glorious true #web3 project works for creators.
You create a piece of content, the community then upvotes your said piece of content. Depending on the stake they have, and the amount they vote your content, in 7 days, you get rewards from the inflation pool that is built inside of the code.
How it currently sits is pretty straight forward:
You get 50% of the rewards for the post in 7 days.
The curators share the other 50% of the rewards in 7 days.
So a few factors come into play:
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The more stake you have, the more curation rewards you will receive when you like OTHER people's stuff. (Self voting is still quite taboo on chain lol)
-
The more votes you get for your content from people with sizeable stake in the chain, you get higher rewards from your efforts.
This changed everything for me.
In pretty much a day or two, my entire focus on traditional social media switched. I could never go back to creating content, or spending time developing content for another platform for the chance of being rewarded.
This 'real web3' stuff made sense to me. It's my content. I own it. And I can actually get rewarded for it right away. Without having to bow down to the web 2.0 overloads.
What a change for me personally!
Now obviously, as great as this sounds on paper, it's not a get rich quick ticket. Far from it. Because generally, the powers that be in a proof of stake blockchain want to see you....Put skin in the game.
So yes, you can be rewarded here....But if you think you can just show up, and the whales will show up to your posts immediately...It just doesn't happen. I've been blessed with some pretty big upvotes in my 7 years on chain, but I still have yet to 'make a living' here.
But what if......
What if more people 'get it' like @dashpay does? What if their community starts to really understand what kind of opportunity is presented to everyone in this crypto space?
What if......
And when it all comes down to it, I still think of myself as an entrepreneur and that drives me. The 'what if' question will always fuel me and always keep me creating on this blockchain for the years to come!
Posted Using INLEO
