The BEAST Of LEOFinance - Beastial Things For The Community

in LeoFinance8 months ago

beastofleo.png


We have already heard it by now and it is very likely that you've been affected by it directly. In case you haven't, the beast of LEOFinance has jumped on board the "Initiative 10" train. In what he calls: The New Normal Is Here, onealfa.leo talks about what he has done so far, and what his goals are.

Unfortunately, I had already started to work on something for this specific reason, to showcase what he has done, what the initiative 10 is and what I personally think about it. I have been vocal about the importance of engagement multiple times and Initiative 10, taskmaster and onealfa.leo proves everything I have said, in a very like-minded approach and effort. Due to time zone differences, a rather hectic work schedule and other things, this article had to be out on hold but even though onealfa himself have published an article and talked about some of these things, I still wanted to share this with you. After all, it is content and I am perfectly okay with giving credits where it's due.


The BEAST Of LEOFinance.

He might be referred to as a beast when you talk about him, but there's nothing mythological with his presence, his actions or his power. With a stake of 666.666 LEO, onealfa is powerful and can single handedly boost content to heights of approximately 90 LEO. Regardless of your beliefs or religion, his actions and the impact of those are undeniable. His dedication and mission to strengthen the entire community is outstanding, and it helps.

Not only did he start rapidly to utilize his power to the fullest in a different way than before the reward curve change, he is also on what seems to be a never-ending journey to encourage and reward others for their efforts. With votes worth between 800 and 900 LEO per day in total, he is using his power in an attempt to strengthen others. With more than 400 comments upvoted yesterday (according to his post), he strengthens the community while also encouraging peolpe to put in time and effort into their contributions, regardless if that is root level content, a.k.a articles or comments.

Due to his mindset, passion and work, we can see several hundred comments per day be rewarded, and he is not alone. Taskmaster4450 and a handful of other Lions are doing the same thing. People have started to follow in the same footsteps and many users have started to reward comments. People have noticed that rewrads are being rewarded and that it is worth making comments on the content you consume.

This is vital for the general growth of LEOFinance, but it also attracts outsiders. People aren't really interested in consuming content without 'buzz'. The best article in the world wouldn't be attractive to anyone if no one had talked about it or if nobody had replied to the content.

That's just how things are, and that is why comments are important for growth. So while you can (and most likely have or at least will) be rewarded for the efforts you put in making comments and generating 'buzz' on LEO, you're also making LEO comfortable, fun and engaging. Those are important ingredients for getting newcomers to stay. Newcomers will expect this place to be filled of discussions, ideas and knowledge. They will expect that people reply to their comments and that people will engage with their content. They want answers and they will seek and share knowledge..

As long as we are here providing that, they are more likely to stay.


I Have Been Lucky..

onealfa gives out three votes of different voting power. 1.66%, 6.66% and the ultimate 66.6% vote. Lucky as I am, I have received votes on all sizes and I can tell you that the powerful 66.6% vote was worth twice the amount of rewards I've earned from the majority of my posts. That vote is worth more than 50 LEO. That is an insane amount of rewards for a comment, and it most certainly feels refreshing and rewarding to contribute towards this place growth.

That is not all the things he does, even though he could easily have settled for that. onealfa also rewards older content after the recent reward curve change, meaning that he looks into content that still has pending rewards, even if they are 6 days old. This is the true power of manual curation. Overlooked content has a chance of being revived and authors can yield more rewards even on content that is considered to be old.


votes2.png
Talk About Making The Most Of His Time On LEO.


People have often highlighted wealthy accounts in attempts to be rewarded. A lot of people have mass-mentioned wealthy users because they have been desperate for attention and recognition, all in their skewed efforts to be pushed into glory, fame and rewards. With Initiative 10, there's no need to chase the whales or other wealthy accounts that has previously, unfortunately, been a rather common thing. Those days are over with LEOFinance and manual curation. You don't have to look for rewards and upvotes, curators will come to you.

  • Engagement is the new normal.

While LEOFinance already seems to have been what generated the most 'buzz' on Hive, Initiative 10 could definitely be seen as more fuel to an already established and cozy bon fire. In the very near future, I am sure that things will spread like a wildfire and the best part is that you are already here. You're here from the start of the fire, and with your contributions, you can be part of this wonderful adventure.

Posted Using LeoFinance Beta

Sort:  

This shows exactly how powerful manual curation can be. I really hope that the Hive community as a whole follows in leofinance’s footsteps and rethinks its curation reward system.

Posted Using LeoFinance Beta

Indeed!
Manual curation is powerful in many different ways. The rewards are just the tip of the iceberg. The encouragement, inspiration and motivation that comes with it is at least equally powerful and important. Sadly though, many users on Hive, including the witnesses seems to have missed that part a long time ago. One can only hope that the results of LEOFinance paves the way for Hive.

Posted Using LeoFinance Beta

One can only hope that the results of LEOFinance paves the way for Hive.

I would think without a change in the reward curve and the elimination of the burn of small upvotes.

Of course, the fact we are commenting more on leofinance means they are ending up on Hive. So we are helping both.

Posted Using LeoFinance Beta

The big thing is the burn on upvoted below a certain level. This means that upvoting comments is often not worth the effort.

I think that needs to go and let the community experiment with microtransactions. At worst, we give small amounts of Hive to users.

Posted Using LeoFinance Beta

This means that upvoting comments is often not worth the effort.

Which is yet another nail in the coffin for the overall engagement.. Comments made on LEO shows up on Hive though, so we're basically boosting the engagement on both simultaneously. But, it doesn't yield much in terms of Hive rewards.

Posted Using LeoFinance Beta

No it doesnt provide a great deal in hive rewards unless one is upvoting with a great deal of hive vp which I dont think many are.

However, whatever Hive does filter through is a benefit. Either way, the engagement is flowing through and, who knows, maybe a few on peakd or hive.blog see some comments and give an upvote here or there.

Posted Using LeoFinance Beta

As long as we have the engagement I am sure we will see great results, for both LEO and Hive as well. I do wish that Hive would rethink their curation rewards though, so we could see manual curation become a thing there as well. I'm not holding my breath though.

Posted Using LeoFinance Beta

That would make me want to spend more time on Hive. I'm sick of having to auto vote to get any curation rewards.

Posted Using LeoFinance Beta

Engagement has always been the way to go...but people are usually lazy...

Commenting would benefit us in various ways. It's not about the upvotes but for the traffic...for the hours spent on the site...for Alexa ranking...for all those little things that people don't understand

PS. Beast indeed

Posted Using LeoFinance Beta

Exactly. There's no point in promoting something that feels more or less dead or in a coma. People haven't joined Steem/Hive and stayed, become active and contributed due to the rewards in 4+ years.. So it's time to change things up. There's no point in telling people that you can earn for your content if engagement doesn't exist.

Content consumers wants content and content creators wants content consumers.. But for how long can a content creator keep up creating content without ever getting any form of appreciation, input, suggestions or ideas from his audience. It's not rocket science.

Posted Using LeoFinance Beta

You said it.

Posted Using LeoFinance Beta

This if it is an initiative that everyone should emulate, imagine if this could be implemented in hive, it would be a great boost and in fact as I have repeated it would give greater visibility and would place us on a trending topic possibly in Google because writing a comment does not It is as complicated as making a post, you do not need to upload so many photos or expand the text, and you can be specific in your specific comments, but well now we must all take an example considering that our post receives comments we must always respond out of education and if we can give them A small vote, no matter how small, always helps, remember that today hive is worth 0.11 but tomorrow we do not know imagine that BTC is worth what it is worth today then what does that mean who would not want a vote to comment with 0.01 at the price of BTC, so no we demerit any vote, no matter how small.
It's good that you were lucky with a super vote from onealfa, that's fantastic for a sustained growth in our walk around here, well thanks to him I'm getting more for now than what my post generates but of course my content is different so not I feel very comfortable posting on leo finance, but if you can comment on finance that you can, so again great initiative we will soon see I read in the headlines that is great we are sure of it.

Posted Using LeoFinance Beta

As @preparedwombat said above, I hope Hive rethinks its curation reward system. I haven't seen this much 'hype' in years, and the hype is for something so silly as engagement on a social platform.. That makes you wonder what happened over the years with Steem and Hive.

Posted Using LeoFinance Beta

Ever since I first started blogging years ago starting with Steemit, I thought commenting and engaging users on their content was key to building yourself up on the blockchain.
Leofinance is no exception as I have been actively looking to show support and share my thoughts on posts with what I think, to help them enjoy people actually commenting and not just upvoting.

People shouldn't need to tag the big whales and just accept their posts as receiving their rewards when people vote.
Sure the massive votes now and then are great, especially when trying to grow out and build your own stake to curate more effectively, but you got to be patient and keep working hard on the content.

Posted Using LeoFinance Beta

I totally agree with you!
Whale votes is obviously amazing in its own way, but I would rather work my way up, grow my audience along with my stake and generate more rewards with time instead of a whale vote every now and then. A fat paycheck is nice, but getting smaller ones regularly has more of an impact in the long haul.

Due to manual curation, we can grow the entire community, one step at the time, and that will strengthen us, and the results will be a solid, strong foundation to build upon. This, manual curation and rewarding comments even gives users who aren't familiar with- or comfortable enough to produce fully-blown articles a superb chance to grow as it's easier to write a comment than an article. So it's a win/win/win situation.

  • A win for the overall engagement.
  • A win for users who don't produce articles.
  • A win for the curators, as they don't have to sacrifice any of their rewards.

Posted Using LeoFinance Beta

Smaller votes definitely matter as well and they get their own bit of curation rewards also. Helps them feel useful knowing they are helping someone to grow and helping themselves grow.

I normally don't post finance content, but have a few times lately and gotten more into the finance side of things. But that's why the votes coming in on my comments, even small ones giving some LEO, help me to grow when I can't keep posting content in finance all the time.

LEO price heading up again, so can't buy too much at a time when I do, but still am buying bits!

Posted Using LeoFinance Beta

I hear you! I am definitely not used to produce finance-content either, but LEOFinance makes me go out of my comfort zone and even though I might talk much about LEOFinance in itself, I try to up my game and produce other types of content as well. It's a learning curve, a bit unfamiliar compared to the things I am used to, and have been used to for 4+ years, but it's fun and rewarding at the same time.

As I still haven't become truly comfortable writing about finance, comments makes things a lot easier for myself as well. I love to comment and discuss things and to be rewarded for that feels almost unreal as I am used to how things have been on Steem/Hive for such a long period of time.

Posted Using LeoFinance Beta

I always feel like unless you are able to provide the statistics or a proper economical analysis, a lot of the things posted about in finance wouldn't do so well.

Then you still got other topics that are probably easier and more up our alley, for getting into and being comfortable posting about finance. For me that was talking about dCity and providing information about value of my cards, or the helping people grow their cities by talking about their SIM income and what it was before, then after helping, etc.

50/50 rewards are great just because of the ability for curators to actually want to do the work in voting and knowing they get a much bigger chunk back. It's win/win for authors and curators.

Posted Using LeoFinance Beta

unless you are able to provide the statistics or a proper economical analysis, a lot of the things posted about in finance wouldn't do so well.

I can relate to that. Those things were/are often the most rewarded stuff on Steem/Hive as well, until you become someone "noteworthy" and gets added to auto-lists. That's when you can start produce whatever content you want, and still be rewarded. A shame really, as it often tends to lower the quality of content as well.

Posted Using LeoFinance Beta

It only lowers the quality of some people's posts, the ones in it for money with least effort in their posts. But yes, that's when auto votes are the worst, but with any good comes bad.

Posted Using LeoFinance Beta

Yeah, that is very true. Obviously auto-votes doesn't necessarily automatically turns high quality content into low quality, but I have seen dozens of people during the years I've been around here, who've started to produce less quality, and often more quantity as well. And I would be surprised if that didn't had anything to do with being put on auto-lists.

Posted Using LeoFinance Beta

The problem always is there are so few whales and many are not active.

It is a better approach to focus upon forming a following among a large number of users. After all, some of those minnows today could be dolphins or orcas tomorrow.

Posted Using LeoFinance Beta

After all, some of those minnows today could be dolphins or orcas tomorrow.

Exactly, and that would benefit the entire ecosystem. Unfortunately, many of the larger accounts aren't willing to sacrifice their own rewards in an attempt to strengthen the community, so manual curation on LEO is a really, really good thing.

Posted Using LeoFinance Beta

The key with LEO is a lot of people are staking as opposed to sending it. With Hive, many sell the token.

We see the spreading out quickly because people are staking which then improves their standing. The compounding effect is incredible.

Posted Using LeoFinance Beta

That is true. I suppose more people are likely to dump Hive due to the rather steady decline in price as well, but I don't have any stats for that.

Posted Using LeoFinance Beta

Those with stake are the ones who have to lead the way. We are seeing the voting power starting to spread out. Over the past week, more than 1 million tokens were staked, reducing the influence of the top users. That means that others are benefiting from increased voting power.

I believe this is the right time to introduce and start to contour the engagement on Leofinance. The outreach is just starting and, like you said, newer users need to see a buzz taking place.

Over the last week or so, it is impressive how the numbers of comments, using the eyeball test, increased. I look forward to seeing some results from @dalz on this stuff.

Posted Using LeoFinance Beta

Indeed! It will be really interesting to see the results.

I guess it's a bit easier for the wealthier accounts on LEO to pave the way for others and lead the way compared to on Hive, as there are more accounts with stake on Hive. Regardless, I am very excited over the things we see on LEO. It sure feels like we're starting to move mountains.

Posted Using LeoFinance Beta

I will admit it is also easier to deal with content to curate since, for the most part, it is all finance related. It does not require sifting through posts about what someone had for dinner or a photo of their backyard.

This is why the future of hive has to be in communities that focus in a more narrow way. Ultimately, hive's biggest drawback is the inability to easily filter content to find what one is interested in.

With Leofinance, it is, for the most part, in the realm of what we are interested in.

Posted Using LeoFinance Beta

It would be really cool to see 20 different niche specific communities.. But I agree with you that communities should be more narrow or niche oriented. It's easier to market, easier to get more people involved and it would be more interesting to hang around at those places as well.

Just like you said, we don't have to browse through dinner-photos on LEO, so it's easier to find content. That is also one of the reasons I stopped using Facebook years ago. I got tired of photos of breakfasts and all the hypocrisy, as each and every photo and post was about how lucky people were, and how everything was perfect in their lives.

Posted Using LeoFinance Beta

That is also one of the reasons I stopped using Facebook years ago. I got tired of photos of breakfasts and all the hypocrisy, as each and every photo and post was about how lucky people were, and how everything was perfect in their lives.

Since that place turned into a cesspool, I would guess every post is now about how crappy everything is and the world is total hell.

Yes, target marketing tends to be more effective. One of the biggest markets with many niches is professional sports. Think of the following of the Los Angeles Lakers or Real Madrid. If there were communities on here for the different teams, we would have a lot of visitors since fans tend to be rabid.

It is something that really has not been tapped into yet.

Posted Using LeoFinance Beta

Those days are over with LEOFinance and manual curation. You don't have to look for rewards and upvotes, curators will come to you.

It is true, here the undervalued content is valued more that is quite noticeable unlike hive, I say it for sure because I only dedicate myself to curating content here

Posted Using LeoFinance Beta

It's also somewhat easier to get exposure on LEOFinance as well, so even though there are tons of content being published, curators still have an easier time consuming content on LEO compared to Hive for the time being. Will be interesting to see how things are in 6 months from now.

Posted Using LeoFinance Beta

Curators doing a good job. Now is on authors to power up those rewards. Otherwise, it'll happen the same as on hive.

Posted Using LeoFinance Beta

I hear you, it's looking good so far though. More than 1 million tokens were staked last week.

Posted Using LeoFinance Beta

I like the good Action of @onealfa.leo do much. Though I want to be a Curator like onealfa, I don't have Million Moneys to buy $LEO. So, I just decided to do step by step with persistence for my Dream.
Thank for your notes.

Posted Using LeoFinance Beta

I can totally understand that you don't have millions to invest in LEO. The same goes for myself and for the majority of the people as well. It's a grind and it requires persistence, quality, effort and time. Something important though, is that not everyone can be onealfa. Even the smallest users have an impact and the whole community benefits from each staked and distributed LEO. Even the smallest amount counts in the long haul.

Tagging people in an attempt to be seen or to get recognition is not something I recommend though. I don't know if that was your intention or not, but in case it was, I just want to tell you something:

Tagging is, according to me, only to be used when you directly want someones input, if you give them credits for something or if you need to come in contact with them for some other reason. Never to be used in an attempt to score upvotes. It's often easy to spot that people are just tagging a bunch of people in an attempt to be rewarded, and even if it actually works some times, it's still not a safe shortcut to growth on Hive or LEO. A Much better approach is to put in effort, build an audience, engage with content and produce quality content. Those things will be seen and recognized sooner or later. Which ultimately leads to rewards and a stable growth.

Posted Using LeoFinance Beta

Thank for your advice.

Posted Using LeoFinance Beta

Oh shoot. I hadn't seen this post until now. Was too busy trying to keep up with all the comments rolling in and salvage some of my vote power. 🤣

Man. The Beast keeps biting me! He won't stop. It's gonna leave a permanent scar...the mark of the LEO upon me! 😁👍👍

Posted Using LeoFinance Beta

tenor.gif

Posted Using LeoFinance Beta

🤣🤣🤣

Posted Using LeoFinance Beta