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The trickle into a strong revenue stream

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@tarazkp
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5 min read

In one of @edicted's enthusiastic recent articles, it was mentioned about the possible return of $1000 posts, something that I have never come close to getting, but were not that uncommon at the last bullrun and the peaks of the token price.

For my current posts to get to 1000 dollars based on current votes, HIVE would have to go up around 50x, meaning around 7 dollars per token. At 14 cents, it seems a long way from there, but I am hopeful that one day we will not only see the return of those kinds of prices, but far less fallback from there, as hopefully there will be a lot more people to keep the general crypto prices afloat, so that a new floor will form.

At 50x, my current stake would be able to distribute 60 dollar votes, or 600 dollars a day - but with a little price rise, everything changes, as not only will there be more spread, the entire platform will suddenly become more attractive to participate on, as the earnings become statistically significant - real income stream potential. This will have various pros and cons associated with it, but overall, with so much activity and positive value generation, people will tend to focus more on the gains than the drawbacks.

At lunch with colleagues, there was a discussion brought up about creating and maintaining multiple revenue streams, but one of the things that people seem to focus on is the current value, not the future value. While that future is an unknown always, building a revenue stream that can return value later generally takes investing something prior, especially if it is going to be somewhat passive, like curation return.

It was just over 6 months ago that I crossed over into the 100 thousand HIVE category and now have extended it to nearly 170 thousand. This might be a crazy move for many and might prove very painful if it all comes crashing down, but I think that the risk is worth it as not only could there be a significant return on investment of time, energy and money spent buying, it does have the potential to become a significant revenue stream, like the ones that my colleagues were talking about. Even at one dollar HIVE, which is a 7x increase, curation becomes a significant percentage added onto my monthly income, but more than that, it will have the ability to be an attractor of some kind to the platform and therefore, aid adoption into the crypto space.

Right now though, most people are looking for an immediate return on their work, which is understandable, especially for those who don't have other sources of income. The problem is that this will always leave someone uninvested in the future, as they will never build the foundation that they would need to add a "self-sufficient" revenue stream, making them ever the employee in an attention economy. This will mean that they will always have to keep impressing the audience with content to attract attention, yet if they have been around a while and haven't got their stake built up themselves, they are essentially demonstrating some kind of lack of commitment, even though that lack may be from life conditions outside of direct control.

If you were to consider what was attractive as consumable content for you, what would that be? Would it be finance content or gaming, would it be literature or art? How many would choose charity? This is the problem with financing life issues, especially in the same people over and over, is that charity is not attractive if it dominates the scene, there has to be some balance, which is probably why a lot of people who do actually give, have some kind of percentage rule, perhaps 10% - which on Hive is one vote.

But, perhaps there is a "teach a man to fish" factor, where over time, a receiver of charity has to learn to be somewhat self-sufficient and take care of themselves as well as perhaps, start "giving back" by paying it forward. Without this, there will be a growing number of people reliant on charity, while there is no foundation building the floor or a safety net below. The challenge is of course, that the foundation takes investment, which means risk, and a "bird in the hand is worth two in the bush" mentality is dominant.

While talking to colleagues at lunch, I mentioned that if people are interested in additional revenue streams, they should be looking into Bitcoin and crypto - and I was essentially laughed at - which i am used to. What I explained is that even if a person doesn't invest much, they start to expose themselves to the world of finance that most people have never seen, let alone taken part in, as well as have the transparency on how other people are behaving in the economy, which again, most people do not understand. This will result in them building a greater understanding of how various things work and are connected and will likely result in them making different decisions in the way they spend and consume, like many of us have made of the years.

I suspect, that most people who didn't have investment experience beforehand, have changed their perspective and behavior in some way since joining Hive. They have likely considered various aspects of their lifestyle, their purchases, their behavior and hopefully, what they value in life. This has also likely led to making slightly different decisions and perhaps, opened up to real-world opportunity that they might not have seen prior. Some decisions might have brought a positive gain, some attracted a negative - but understanding grew.

As I was trying to explain to my colleagues, the hope that people will just "do the right thing" in the world i foolish, since the incentives are created in a way that makes doing the "wrong" thing more lucrative, whether it be shady business dealings or that slave labor produced shoes are cheaper, we will act in our own self-interest. But, if self-interest is paramount, shouldn't we be looking at our interests across time, not just the moment, if our current decision is going to negatively impact our future value?

I think that this is one of the areas of understanding that we need to build across the board, as we are encouraged to continually consume while we are simultaneously complaining about our position in the economy. For most, the consumption is a satisfaction of our short-term goals, even though the satisfaction of the long is what is going to reposition ourselves, as investing into the foundation means that we start to take responsibility and ownership - and it is these that will form the increase in revenue streams. Most people don't get a payrise or promotion at work unless they expand their responsibilities, those who do not own are not going to get a return on what they hold.

All rivers start from a trickle somewhere upstream.

Taraz [ Gen1: Hive ]

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