The Pros and Cons of Asking Your Users to Pay Fees | Thoughts About BLURT, HIVE, Koinos and Future

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It is a privileged position to be able to ask a userbase to go and purchase a token in order to use a product or service. There is nothing wrong with making such a request. The free market will decide what would happen to the price of the said token. Ethereum and many other popular projects can insist on these fees paid in a specific token. Many of these were early comers to the market offering a unique product such a smart contracts.

Some of the later projects rose to prominence through marketing and costing less than Ethereum. All these situations involve heavy interaction from user compared to the regular Web 2 experience. The users are receiving many benefits for paying these fees. For an example, you cannot get banned on blockchain social media. At most you would be censored on a front end. Eg: https://steemit.com/@penguinpablo (Justin Sun didn't seem to like @penguinpablo posting stats comparing HIVE and STEEM)

BLURT is Making Me Buy to Post

The positive aspect of this situation is that after waiting for few days to gather enough BLURT, I have finally decided to simply buy more BLURT in order to post on the blockchain. It is not a large amount of buying pressure. It is at least some demand:

I am familiar with using a DEX, transferring cryptocurrency and mannging finances. There is only a small niche of individuals who are familiar with these tasks. Eventually this technological literacy will improve. The problem here is that the size of the potential userbase become highly restricted.

Paying fees and consuming BLURT on the surface seem like good tokenomics. What needs to be kept in mind is that staking for bandwidth can become far more attractive to the point of creating larger purchases. Those who already own some staked tokens may keep their stake just in case they wanted to use the blockchain again.

Innovation is The Way Forward

Testing help on the way. I like the fact that BLURT exist as a decentralized social media. It is a great place to compare and contrast between HIVE. I keep posting my articles on BLURT because I do enjoy the people there and I want to support real blockchain projects that are trying to make a difference. Better design and building better value for the user is the best way to achieve this.

Ultimate Utility Token Described by @andrarchy

KOIN has achieved the gold standard IMO. The reason I say that is because;

  • Users don't pay fees
  • Users get bandwidth forever
  • No additional interact such as staking is needed
  • DAPPs could take the burden of MANA

What KOIN offer should be the way forward. We have tried other systems. We have seen pros and cons play out.

Reap The Best Out of Open Source

Good competition in open source space can bring forth rapid development of new features. When two projects have a greatly similar technology shared between, the improvements made by one team should be easily adoptable for the other team. When I look at GitLab activity, this is what I see:

A Win for Decentralization is A Win for All

That is why I want to see more vibrant development in blockchain social media. Competition from various EVM chains pushed Ethereum to be better. I want to see the same on HIVE. Instead what I see is HIVE outdoing everything else while simultaneously flying under the radar.

One of my biggest concerns is that some other VC funded, semi-decentralized project reaching popularity (at least for the short term).

Don't Let That Happen

Posted Using LeoFinance Beta

hive technology ocd leoalpha neoxian proofofbrain vyb waivio leofinance
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13 comments
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What is the diffrence between the koinos mana and hive rc?

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There is no staking process for Koinos. Having liquid KOIN in the account is sufficient. On top of that, DAPPs can opt to pay on behalf of users for selected transactions removing the need for delegation. Eg: @splinterlands can be the payer for all the transactions in the game. Under the current system, the delegated RC can be used for anything user wants to do.

Mana is RC made ultra efficient.

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The BLURT model reduces spam as it encourages users to consider the cost of posting before posting.

It also encourages users to buy enough BLURT so that one's upvote returns a greater reward than the cost of the vote.

HIVE pays for the servers with interest on HIVE. The costs are still there, they are just hidden.

Of course HIVE has WINE and everyone enjoys a taste of WINE now and then.

!WINE

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This is why I titled this article as a pros and cons. BLURT has certainly succeeded in making users consider their transaction before posting. These cost reductions come at the cost of creating more barriers to potential users.

The costs are still there, they are just hidden.

Hiding the costs does help create a better user experience. We need to onboard as many users as possible to decentralized social media. HIVE makes this experience far smoother than BLURT.
!PIZZA
!LUV
!CTP

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Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below

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It looks like BLURT has been making some changes. Was there a huge problem with spam over there? I know there aren't any downvotes over there.

Posted Using LeoFinance Beta

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There are no downvotes. I have not seem much spam either. Having to purchase BLURT and loose it every time a user post is an effective way to reduce spam if the fees are high enough. The updates to the code are happening very slow. At least it is a decentralized project supporting freedom of speech. I can wholeheartedly support that.
!PIZZA

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I don't evaluate Blurt, I don't think there is a comparison with Hive, they are really on two different levels; the development that Hive has and will have is far beyond what Blurt can hope for.

Then obviously everyone is free to make their own assessments, in my assessment I wouldn't invest a cent in it heh heh!

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