Will web3 one day, replace web2?
TLDR: I do not have a definitive answer, but I think you will figure it out.
First, the reward aspects or models are what I will be considering. There are many metrics to consider, but it all comes down to the attraction.
Engagement (comment-based)will always come into the consideration when you have conversations as this. Whether it is Hive or another web3/2-based platform. Whether we like it or not, the number of comments a piece of content receives will always be used to judge its "quality."
However, this metric appears flawed when the reward does not appear to be associated with the comments. I am not going to discuss how it works on YouTube, Facebook, or X because they are all web2 platforms. However, I will compare content creation across all platforms because platforms change but people remain the same.
A new creator on any platform may not be interested in rewards (except for HIVE, to some extent). Most creators understand that they will not be able to make money from content creation right away, but they can gauge how well they are doing based on the types of comments and input they receive; this alone signals progress and creates the feeling that the reward will come soon.
This is how it fully works in web2 platforms, and it also works in the majority of web3 outfits. However, on Hive, your traction can instantly equal your reward, especially if you attract the right stake-based audience, and this is simply because the reward pool is decentralized.
With a centralized reward pool, you need numbers: likes, views, subscriptions, tips, comments, and perhaps these numbers will easily translate into "monthly earnings."but it's quite different with a web3 based project, unless they're hybrid with web2 and depends on ads to generate income.
On Hive, it's something entirely different with DPOS
A regular Hive user wants their contents to hit the ground running, and what do I mean by that? Earn as soon as they arrive on the platform.
Why?
Hive's marketing strategy easily creates this mindset; over 90% of the time, many people's onboarding focuses on the speed and instant nature of earning, and this alone destroys the competition of waiting to grow an audience, not knowing whether you will cut it, even if you spend two to five years building an account, or if you simply violate a rule and your account is completely banned from monetization.
.The mindset of various earning systems in different webs can influence how a creator is set up.
On Hive, some users create content for a specific audience, whereas on web2, creators may use clickbaits or appealing images to generate views, comments, and attention. Of course, because the platform relies on advertisements, creators will use whatever gimmicks they have in their arsenal to get that comment and views.
Many people here have argued that Hive should remove the 7-day earning limit in order to attract creators who will create SEO-friendly content. There is nothing wrong with SEO; in fact, high Google rankings can attract a lot of attention to Hive, including more users, eyes, and even potential investors.
However, I do not believe the immortalized earning concept is sustainable on Hive. We would need to incorporate an AD-BASED model to rake in earnings from these immortalized contents, because they will be earning rewards in the future, and since Ads are not really Hive's thing, this is impossible.
Overall, Hive provides small creators with the opportunity to belong to and grow an indestructible, immutable, and undeletable brand and identity. Even with downvotes, a person's footprint is immortalized: their content and identity are forever stored, and they have no fear of building a network system that may take away from a single centralized entity.
To be an OG anywhere, mostly pays
Web2 will always have an advantage, particularly for OG builders who began 10 to 12 years ago, but the competition is simply too fierce for small or emerging creators to break free in a shorter period of time. Web2 meta will never die, and so will web3 meta, such as Hive.
Why? The difference systems solve a distinct problem that cannot be replaced by another. There are flaws in web2 and web3. Web3 will not actively erase Web2, and I do not believe it is intended to do so; rather, it is intended to provide massive progression as well as alternatives.
In reality, Hive's designs and model are revolutionary. It is not perfect, but it works and will continue to improve. Meta that provides unique solutions will always stand the test of time, and this will be true for both web2 and web3.
Almost every web3-based project goes through a bear-market phase where you begin to doubt their utility and whatever edge they have, but that is it; the web3 space itself has its own set of challenges, but web2 people who have shifted to web3-based opportunities can confirm that web2-based systems will not replace web3-based systems, and vice versa. Because of the obvious imperfections that cannot be removed.
Interested in some more of my posts
Why Is the grind getting harder?
Monopoly Is the Death of Civilization
Survival: Choas and Scarcity
Crypto: Gut & meaningful Connections
What is the primary barrier to entry in Web3?
What Are Some Things You Should not Do During A Bull Market Year?
