The Double Edge Sword of Exclusivity

in blog •  3 years ago 

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I found an article that goes on a deep dive into a topic that has effected us all from Steemit, through Blurt and Hive.

Phase 1: An exclusivity-based community is build using a social token whereby membership requires possessing a certain number of tokens.

Phase 2: Early entrants to the group acquire tokens and therefore the token appreciates. New entrants also reinforce the idea that the group is exclusive and socially valuable and therefore the exclusivity increases for a time.

Phase 3: At some threshold (depending on the group) the continued growth of new members starts to decrease the social utility and exclusivity of the group. However, the token price rises as new members are forced to acquire tokens.

Phase 4: Ultimately new members are incentivized to recruit new members to ensure that the token appreciates. However, at a large enough size, new members result in diminishing returns for exclusivity value. At this point, the token appreciates and peaks at some member headcount.

Phase 5: Members sell the token for profit or because of decreased exclusivity/utility. Eventually, the community reaches some equilibrium before continuing the cycle again.

Acknowledging this issue "The Double Edge Sword of Exclusivity" could lead us to new heights on this platform, that even hive could not reach. The diminishing returns of the Hive engine tokens have made me reconsider my positions on those tokens as I am in the process of leaving.

Unfortunately, there are diminishing returns to growing an exclusive community. More people generally means less exclusivity and therefore less social value. Membership in exchange for monetary value is the most common form of exclusivity. Country clubs, events, and subscriptions are all forms of exchanging monetary value for exclusivity. Some aspects of membership are fleeting (e.g. events) while others are recurring (e.g. membership dues).

Reflection

I personally don't think freedom of expression is exclusive to anyone, so seeing as Blurt has not selected any certain niche to conform to, that gives us a lot of potential.

The cosmos Airdrops are potential more exclusive, but with that all being done through bridges and interoperability, it doesnt subject Blurt to as much scrutiny as the Hive Engine tokens.

What do you think? (Comment Below)

  • Comments will only be responded to on Blurt to mediate the issue of wasting my time to be downvoted, i will quote your comment from hive with a response on blurt if you are not using blurt

Source: https://messari.io/article/the-double-edge-sword-of-exclusivity

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I dislike how so many think their communities free them of Hive when they are directly controlled via Hive engine, tying them to Hive the way alts are tied to Bitcoin (although that has decreased a lot in thanks to Eth Litecoin and USDT allowed on major exchanges as pairs).

One can sense in the bid there to now chase off many users who are considered undesirables as they talk of the blogging platform holding them back they are ready now to move to the control center and force third parties (such as communities, splinterlands etc) to be dependent extensions that they can control from behind the scenes and profit from as rent seekers.

  ·  3 years ago  ·  

They dont document it well is my main issue, you cant really search easily for the white papers on how those staking and governance features work.

This is because they wanted to make it to where more people could just start their own little many community with their own hosting of the condenser and give the illusion/reality that if one pitched it correctly they could make their own little mini fortune off the already existing community.

The more they can sweep into doing that the quicker they can offload the blogging portion and become the rent seekers they desire to be.

The lack of white paper is the fault of those who began the new projects. The truth is most of them have no business running anything, offer no vision, nothing new. They are just throwing shit out there trying to manifest their own little ICO type riches and hope no one notices there is no substance behind any of it.

I also noticed some time back that often the staking is of little benefit other than to those initial participants, locking up those coming in behind to help give an illusion there is a scarcity that isn't natural, in the hopes of pumping up the perceived value for their selling. This is most obvious when one gets an airdrop but can't touch it until ones grandchildren are graduating college.

  ·  3 years ago  ·  

I wont lie, I have been manipulating Blurt in the same fashion since i joined and if the market doesnt wake up i will end up a majority share holder.

Awesome. We need more who would become

a majority share holder

When I joined in January, I converted my already fully unstaked Hive (almost 5000 Hive) to Blurt, but Hive was only worth about .12 back then. I was able to fetch around 90k Blurt or so with it.

As more wish to become large stakeowners it will benefit all, and reflect a value for the chain it in my opinion is really worth. I have been shaking my head that repressive sites like Hive and Steem are valued so much more highly. Seems like real freedom would be worth way more than what they offer.

  ·  3 years ago  ·  

I had 11,000 HP i started powering down when i got my posts zero for a week by this psychic leech named azircon. He is against all forms of speech against the status quo, a sycophant.

I am putting 50% into Theta TFuel and 50% in Blurt, Hive Lost, i am still posting there but 100% of the value is leaving the platform until curangel and azircon are no longer able to influence my payouts.