Changing To The Web 3.0 Mindset: It Is The Future

in LeoFinance2 months ago (edited)

We know there is a transformation taking place. Like most, it all starts in the minds of people. That is where the switch first takes place. After that, actions follow that mirror this mindset. When enough individuals follow suit, we have a paradigm shift.


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Billions of people use social media every day. They are conditioned to visit Facebook, YouTube, and others. These people spend their time not only providing data, but also content which benefits the mega-corporations behind these platforms.

For those who used blockchain platforms and got rewarded, it is easy to see how inane this concept it, at least for the user base. From the corporate perspective, it is genius. "Employ" the masses to spend their time and talents creating content, give it to you for free, and then leverage that for financial gain. What could be better?

Being involved in what is being termed the start of Web 3.0 for so long, this concept seems completely preposterous to me. As I come across videos and other works by individuals, I often wonder why they are not on something like Hive.

Here is an example of a video that I came across yesterday. Of course, it is posted on YouTube which I am sure the people associated with Google are very thankful for. Nevertheless, it is a Web 2.0 application and we know what that means.

This obviously is a talented person. The video has music in it as well as graphics. It was shot using a drone which automatically puts the person in some kind of technical category.

Yet it is on YouTube. It did get over 12,000 views which is the advantage to that site, a large user base. Of course, that traffic might not have come from YouTube but, rather, linked on a popular blog somewhere.

The video is about a topic that can be somewhat controversial. Tesla seems to stimulate a great deal of emotion among people at least in the financial world. The video did garner over 700 votes and some comments.

Yet, the total payout of the upvotes: ZERO.

Certainly, no matter what one feels about the subject matter, it is impossible to state that this is not a well done video. The individual evidently spend some time and has a great deal of talent to put this together. Call it a labor of love if you will. However, the central premise is why is this person not compensated for his or her time and talents? In the Web 2.0 world, this is the norm.


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At this point, my mindset is that this is highly illogical. Obviously, the major social media sites is where all the traffic is yet the payoff is still the same for most. Few are getting rewarded for being on those platforms. Those that are, it makes a great deal of sense to remain there. For the masses though, I can't see the allure, at least exclusively.

What needs to be driven home is that we are seeing the early stages of development. In fact, what we are involved in is just a small piece of a much larger picture. This is all part of, what many are calling, the Spatial Web. Here we see the transition from 2D (screens) to 3D. The Internet will not be something that we log onto or join using a device. Instead, it will be all around us.

A few years ago, we see the craze with Pokemon Go as people started to experience augmented reality. Naturally, this was done through a centralized gaming company which people provided all data to that entity. They enjoyed the game yet that was the extend of the payout.

Imagine for a second this same scenario except with a reward system in place. We would see tokenization applied so that the game players would be able to buy, sell, and trade in-game assets. While operating in the real world, they would be engaging in Web 3.0.

Ultimately, this is how things are going to pan out. With the expansion of edge computing, sensors, IoT, and the extended realities, all of this will begin to tie together. As we can see, this is traveling well beyond social media and the posting of videos.

Nevertheless, the process needs to start somewhere. Those that are aware of the general direction things are going will be much better positioned when it all does come together. The ones that spent years building their businesses (or promoting them there) on the traditional social media sites might wake up one day to find much of what they created gone. This reality will hit as web 3.0 applications start spreading.

It all begins with a change in mindset. I guess the challenge now is to make people realize how inane the concept of giving one's time and talent to mega-tech companies is. We need to stress that each individual has value and should be rewarded for the efforts they put in.

The truth is, whether people are aware of it or not, this is the direction things are going in.


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I think that Brave with its browser and BAT rewards system will take the web by storm. I just wished that taking this idea and trying to embed it with HIVE would be considered by someone. I think it can evolve much better and it could use some sweet features of the HIVE ecosystem.

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I see a problem with the whole BAT business model. It gives ad viewers a cut. Ok. But that cut is by necessity a very small sum of money by ad watched. How much would you want to be paid for watching ads? Most ads are a nuisance you want to get rid of. I wouldn't want to waste ten seconds of my life by watching an uninteresting ad even if I got paid one cent for it. 6 cents a minute equals $3.6 per hour. That's not an adequate compensation for an hour of any work in my country. And paying that kind of money to anyone who lives in a country where salaries are a tenth of what they are in my country is not feasible.

I would only want to trade 1 cent for watching a ten second advertisement if I were actually interested in seeing the ad. But being only showed that kind of ads would require a level of highly sophisticated surveillance targeted at myself that I'm not comfortable with.

I just click the Brave ads for the money, I don't bother most of the time looking at the content. I think out of several hundred ads I've clicked on, I may have found something interesting for me to read once or twice. I still got a few hundred BAT accumulated over that same period. I do get the debate of your comment though. It's a step in the right direction to pay the consumer, I think that in the future the payment will improve as the more people are expecting that type of 3.0 behavior. Will it just inflate money and tokens though and end up costing more anyways? We will see.

How long did it take you to click all those ads and how much money did you make? Would it make sense to write a script to farm clicks? :)

Takes me seconds to click and close, especially since I work on my laptop so I don't mind it. Could I write a script to do it? Probably. Do I want to spend time learning to script just for that? Naw, got bigger fish to fry.

It's about making money in whatever way we can. It's minimal effort and time to click and close an ad that has no other effect on my life so it doesn't phase me. Coming out of the web 2.0 mindset where there's hundreds of ads strewn across my screen and I don't even get one red cent for it to clicking on an ad where I can earn even a penny sounds good to me. As I said it is a culture shift. Eventually companies like Brave won't be able to offer their users pennies when they make lots once more companies get into the game and offer better rewards. The more we opt into these things the better it gets.

Sounds like the tokenomics of BAT make very little sense if it is worth anybody's while to click away at ads.

Improvement to archaic ways of thinking where consumers get none of the cut the companies are making. The only way to shift the culture is to get more people to demand it. The fact that Brave is getting advertisements from mainstream companies instead of just crypto focused companies signals a shift in my opinion. It's only a matter of time, and in the crypto game it's better to wait than to rush.

Yet, the total payout of the upvotes: ZERO.

That's comparing apples and oranges. The truth is that there's a lot more money on YouTube to be earned by quality content creators than on Hive. The money is in advertising revenue the platform shares with some of the content creators (those with over 1000 subscribers and those whose videos have been viewed a total of 4000 hours at a minimum).

The main difference between Web 2.0 and Hive is that authors on Hive do not depend on anyone from outside of the platform viewing their content at all. Only curators need to be aware of it and in many cases not even them because curation can be automated. Instead of the ad-viewing masses who pay for the advertising revenue some slice of which ends up in the pockets of content creators on YouTube, we the content creators on Hive have crypto speculators buy our tokens from us if we want to cash them out.

The main advantage of this platform is censorship freedom and that we are not under the mercy of some centralized entity when it comes to who gets to see our content and whether or not we get to keep our audience. Also, the fact that there is no threshold to monetization means that it will be easier to get started at monetizing one's work.

It's insane the amount of information people give out online. Imagine a search alone done on Google is manipulated and all these big Cooperate organisation benefit. I don't why why people don't see the need to get something for the endless gem they put out on rewardless place it's somewhat crazy.

I think a lot of it comes down to education, or lackof. At this point, I dont think too many are aware, in proportion to the overall, of what is out there.

It is slow going, but one user at a time, the growth is taking place. Gaming is the one area I still look to add users quickly.

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Yeah gaming is quite an easier method to slowly bring integration and slowly other aspects will follow. Always a pleasure to read your blog posts

As always, thanks for your continued support. I also enjoy your viewpoints.

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I know exactly what you mean. Why people are so willing to give their content away for free is beyond me.

Unless people are using YouTube for SEO purposes to drive sales, then again, you'd get that on Hive eventually.

NB - there are several types/ grammar errors in this post, did you write in transit by any chance?

Why people are so willing to give their content away for free is beyond me.

Web 2.0 platforms aren't exactly raking in too much money per average content creator. Facebook' turnover per monthly active user is about $7 annually. Only a small fraction of the content posted has any monetary value.

But what really puzzles me is that people refuse to move their social media activities over to Hive where they could earn orders of magnitude more on their content than or any money in the first place. Why not have your conversations here where they can easily earn (in case you're active), say, a dollar a day rather than zero like on any other platform? Why not bring over everyone in your group of friends if you have a group of friends who have online conversations among themselves regularly? I have tried but to no avail. Stupid people. The $365 of free money per year like in the example is nice to get.

Why not have your conversations here where they can easily earn (in case you're active), say, a dollar a day rather than zero like on any other platform? Why not bring over everyone in your group of friends if you have a group of friends who have online conversations among themselves regularly?

Where's the chat system here?
You expect people to stay connected through the comment section only? I also said this very thing to you on that conversation we had. That rewarding the time spent (that isn't blogging) here is missing and should be rewarding the "poor" people that aren't good at blogging.

YOU DISAGREED VEHEMENTLY.
"there's no reason to reward that and not everyone should get rewarded" you said.

Now you're using my ideas. Dude I might take you to court. Take your rewards from you! Kidding but that's sly.

Actually you've just given me a nice idea for my favourite sort of post - if you times that by 10 years, you get $3000, times that by 30 you get $9000, add a little compounding, and that's a year's average salary right there, just for switching platforms - you could retire a year earlier!

And all for almost no extra effort.

No wonder they block crypto ads!

Then add in the influence one might accrue over time to enhance those payouts as more opportunities arise. The best time to earn is when a project is new and unfounded. The minimal amount of users means the reward pool is spread to a smaller group of people, enhancing their individual payouts.

Ultimately, people will likely be pushing things up a few years if they are active.

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I was being deliberately cautious by not factoring such things in, but I agree - I think the potential for growth 'compounding' for early adopters is huge!

As long as you don't tarnish your reputation with too many typos ;)

Not that I'm guilt-free when it comes to those!

The great thing about the way all this is structured is that ability to be an early adopter keeps presenting itself. Each new project puts people in position to benefit. Yes the early Bitcoin train is gone. So is with Ethereum. But when you look at new DApps, the possibilities just keep forming.

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Please do make the post.

Updated. Thanks for the 411.

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Reading your post brings a lot of ideas to my mind.

Imagine a game similar to cryptobrewing master adding augmented reality in real places located in different towns. A user could be challenged to have to go to those paces to "pick up" items in order to advance in the game. That would be a way to have people visit retailers in real life and depending on whatever actions they might do, the store could add some points on top of the ones receiving for the actions. Not only retailers could "promote" their places, but also the vendors of those retailers through their products. On top of that, they would also get information of the areas/products where users were engaging.

I have always thought that mixing both worlds, digital and real, is the way to get the best out of a business model. When Pokemon Go was launched it quickly got the attention of many people but since the rewards where only "points" the engagement lasted very short. If you can offer something more as tokens with value in the stores that can make a completely different story.

Aren't you aware that this exact thing is already if effect.

...That would be a way to have people visit retailers in real life and depending on whatever actions they might do, the store could add some points on top of the ones receiving for the actions. Not only retailers could "promote" their places, but also the vendors of those retailers through their products. On top of that, they would also get information of the areas/products where users were engaging.

https://abcnews.go.com/Technology/retailers-tracking-shoppers-locations-real-world/story?id=47825826

That's the thing, people think Web 2.0 isn't innovating anymore and that just token rewards is a finished Web 3.0. This Blockchain and many others aren't near ready for mass.

The idea of virtual shopping being taken to the next level is certainly in play. It is held back by our limitations in the VR and AR worlds at the moment. The technology simply is not to the point where it can produce what is being envisioned.

If I had to guess, I think you will see a major shift in virtual shopping over the next 5 years. As the extended realities get further along, more adoption takes place. Then the blend you are describing will be in play.

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