I would build a site that tore up the voting system.
I would love to have the money or the dev skills to build projects. Do you ever see things and just want to build solutions or projects to make them better. I always look at the hive blockchain and see what I would like to add to it if I had the skills to do it myself or the money to get people to do it for me.
We had the question on one of the hive chats a couple of weeks ago about what would you like to see on hive. It took a few messages for me to get it all down on paper and that wasn’t the end of it. I have many more outrageous and interesting ideas that never make it that far.
My latest one involves changing the whole voting mechanism of hive to power an interface for writers. Before hive I used to write a lot more fiction and fantasy just for my own pleasure and even had a few followers as I tried to write consistently. It was actually that passion for writing which sent me in search of ways to monetize the work I was doing instead of just creating content every week for free. Some was done towards a fantasy novel that never made it to the end and some was for shorter stories and segments. All of that led me to the steem blockchain and my current fascination with blockchain, web3 and cryptocurrency. It has led me down a three year rabbit hole that I have yet to find my way out of.
The place that I was writing originally was called wattpad.com and it’s a writing site that is set up for amateurs to write stories in long or short form.
You can write it chapter by chapter and it has about 80 million readers and writers.
You create content, they have a good website and mobile app which I used to use for hours every day as I followed the best creators writing stories bit by bit.
You would give help to them by proof reading mistakes and adding comments and ideas as they worked. It was a great set up and one that I would like to bring to hive.
They have 80 million users writing and producing content for them with only a few partners making money from all of the ad revenue and deals that they have formed over the years. Since I left they have created some strong ties to publishing companies to get the best works mass produced and even a couple have made it onto the big screen from a humble beginning.
It was a great place to visit with top notch content discovery and enough content to keep you going for years. You had a follow through to each chapter from the last and suggestions for other stories to read if you liked a certain genre. So many things that we are missing from here and over time the best content rose to the top as it wasn’t limited by a 7 day window for voting.
That is why I would like to turn the voting system on it’s head and totally redesign wattpad onto hive.
We can call it Power Writers. “Name to be decided. That’s not great.”
So on my writing site I would like to keep it very similar to the existing wattpad site. Simple email sign up on the second layer that could be linked to a mirrored hive account on the blockchain itself. They wouldn’t need to know about hive and could just start posting from my power writers site without even knowing it was blockchain. All posts would go into my writers community on hive automatically as they were posted opening them up to hive rewards.
This would all be going on in the background but I would change it up from here. I would like to have these posts set with my powerwriters account as 100% beneficiary. Now bear with me. It’s not for personal gain. I think our voting system is broken and has lost us a lot of users over the years so a change could be good.
On my site every user would be entitled to give 10 likes a day. Every day there would be the same amount of power points given out as likes had been made. I would have these power points as an smt that could be traded against hive.
This would give me two options for paying out creators based on how many points they have earned and would be distributed every day at 00.00. You can only vote a piece of content once but there are no time limits and every vote is equal to one power point. An author can have many chapters in the one work and you can use all of these likes for the same story if you want.
To redeem them you would be able to buy an amazon voucher form the site for whatever current market value is or you could trade them against hive on the market. The hive rewards that are earned from the beneficiary setting would all be used to buy power points back at market rates and give them value as well as ad revenue from the site that would help to give backing to my power points.
This would give interested users a chance to delve further into crypto and the rest of hive if they wanted to trade their points as a cryptocurrency or just earn simple amazon vouchers if they had no interest in learning any more. They could just write and earn.
I don’t think that this kind of system would be too hard to set up if I had the skills to build proper blogging website but could give all the benefits of the blockchain to a site with all the benefits of a regular website.
People signing up just to create content and being able to earn a small bit from the process would be a huge win for those 80m users on wattpad.
It would be web3 disguised as web2.
There would be a lot more to figure out if it was to be built but tokenizing wattpad and cutting out the POS, down voting, circle jerking, 7 day window, content discovery issues from hive would be a good step I think.
This could all still happen on layer 1 but the users on my site should never have to see or deal with the drama that goes with it. A like would just be a like to them. People would have ten equal votes to give out every day and would still earn rewards. Give out ten likes and get one power point as a curator for yourself.
If ad revenue became a big part of the site it would be good to distribute based on traffic brought into the site by a writer as well but this is all random thoughts anyway. It would incentivise people to showcase their work and get more eyes on the project.
Just another daily rambling from my head but there are so many possibilities to do more on here as we have seen with @leofinance and all of the work they are doing lately. Think outside the box. I might not be able to build these things but i'm sure that somebody can. Either that spark a thought towards building something else in future.
