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Bound to Failure by tarazkp

View this thread on: hive.blogpeakd.comecency.com
· @tarazkp ·
$17.31
Bound to Failure
<div class="text-justify">

With the drama currently "plaguing" Twitter, it really would be interesting if it actually failed completely. As while I am sure there would be something to fill its place soon enough, it would have quite an impact on the news media, because so many of the stories they push, is "backed up" with social commentary from embedded Tweets as commentary and *social proof* to back their story.  

![image.png](https://files.peakd.com/file/peakd-hive/tarazkp/23tv6W8etk3AUrj4G3mGDVtdRg7EhkiWxTA6J1YXMQELzbr1xnMTWpxbFheHyhc1HsqmU.png)

It doesn't matter even if the "internet outrage" they are headlining is coming from an account with seven followers and the Tweet has 12 likes, that is enough to drive their agenda. It doesn't matter that outrage on the internet itself is coming from a highly outspoken minority of people who have a predilection for being outraged for attention, as long as it serves the purpose to get some clicks, they don't care. 

And it would also be interesting to see who would actually go to other sites in the downfall of Twitter, because I suspect that many people who are there for the content more than posting, would be very slow to uptake a new platform. This would mean that any new platform looking to fill the void, would be quickly filled with what is essentially the worst Twitter currently has, the people who are actually there to troll for attention.

And, I am sure that there would be heaps of "startups" that would then be splashing cash around to attract celebrities in order to acquire customers, rather than having enough uses to attract celebrities. And, what this means is that there will be a wide spread of new platforms before the consolidation takes place, meaning that the celebrities that can attract people will demand a high fee, but will unlikely attract *enough people* to warrant it. 

Twitter has around 450 million active monthly users, with a high enough percentage of those being automated bots that likely generate a lot of the content volume. However, to build a new platform that has that kind of traffic is going to take a fair amount of time, and in that time, advertisers aren't going to be willing to pay a premium for access to a juvenile community, especially since they will likely have to get on several platforms simultaneously in order to get enough coverage. 

Then there are all the "communities" that use Twitter as their platform of advertising, such as the many crypto projects that actually have no community, just shillers. A lot of these groups have *nowhere else to go* other than Twitter, because people go where they believe others are. 

Obviously, this comes with opportunity for a platform like Hive, where *potentially* Hive would be able to attract some percentage of the exodus, but I think that it would only be significant if Twitter collapsed completely. However, if that did happen, Hive could potentially see hundreds of thousands of users looking to join quite quickly and, that would have ramifications, both positive and negative - but whatever happens, it would fundamentally change the platform.

*Fundamental changes.*

That is what we are seeing now in the marketplace of social platforms, where the users who have been largely a resource to mine, are starting to demand more. Not only this, the way the platforms interact with the media itself is also changing as other hardware tech is influencing the advertising model. It wouldn't surprise me if in the death of Twitter, Apple were fast to launch something for iOS users, and of course, Google might unshelve its own past attempts and give it another crack. 

The entire digital world is starting to shift in ways that mean it is is going to interact far more directly with the physical world and while Meta might think that it is through augmented reality and virtual environments, the first thing it is going to have to do is become economically viable, and that means interacting *financially,* not just at the platform level, but at the user level. 

For several years now there has been various "flirts" with this with for example, the possibility to earn vouchers and prizes that can be redeemed in store, but this is going to expand further. And then, there is the Patreon style of earning for content creators too and I think this again is going to expand further - but people are becoming increasingly wary of putting all their content eggs into the same centralized basket, so web 2.0 just isn't going to cut it, with more moving into the decentralized crypto spaces, and various direct peer to peer earning models.

With the global economy in such a mess and still very uncertain, but with many signs of "opportunity" still out there, like the easing of Covid restrictions in China driving share market values, many are going to be looking to capitalize, but also looking to secure their positions. This means that *generative* potential platforms are likely to get more focus, especially if it isn't required to be "someone special" to get monetized, or bow to the platform overloads for attention.

The next couple years of digital social communities are going to be fascinating to watch and of course, *Be a part of* here on Hive. And, we don't need 450 million active users to be of fundamentally higher value, because we don't rely on advertising for revenue. a few million will be enough to make this place pump hard and, stay hard, because once a few million are in, a few million more will follow.

Will twitter fail?
*I don't think so.*

It will be different though. 


Taraz
[ Gen1: Hive ]




</div>

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tarazkp/bound-to-failure)
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@cmplxty ·
$0.21
Pump hard and stay hard, sounds like sex in my early 20’s lol. Sorry dirty mind, but I figure someone should say it. 

I think that this whole fiasco with the twat platform is amusing, people are so passionate about the space but they are the fucking product lol. They may have a few legitimate followers but with the exodus of bot users on there, the following counts have exponentially dropped on most accounts I would assume. 

I think people are starting to notice and search for alternatives and finding the various hive tentacles out there. In the crypto discord I’m in, one of the dudes posted about 3speak asking if anyone knew what it was. It was great to be able to tell them a bit about it! It’s the network effect and eventually we are going to capitalize on it in a big way. Is the chain ready for a massive influx? Only time will tell! 
👍  ,
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@tarazkp ·
>Sorry dirty mind, but I figure someone should say it.

I would have been disappointed if no one said anything! :D

>people are so passionate about the space but they are the fucking product lol.

Yet - unwilling to even entertain the thought of having to pay something for a better experience :D

Those Hive tentacles are super important. People still seem to want the "one app to rule them all" but it is far more beneficial to have hundreds of dapps running on the one chain. 

>Is the chain ready for a massive influx? Only time will tell!

It would put a lot of pressure on - especially account creation. 
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@enjoywithtroy ·
$0.14
It all keeps evolving.   I have seen a few of the lesser known digital communities fade away. It seem it is a survival of the fittest for those able to change with the times. Yes time will tell. 
👍  
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@tarazkp ·
All will eventually fail, as everything does. There is no "too big" involved as eventually, all will be unable to cater for their changing audience dynamics. 
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@jfang003 ·
$0.14
RE: Bound to Failure
I don't think Twitter will fail. From what I see, I think the bankruptcy and layoffs were needed to transform the company. I wonder if it will work out the way Elon wants though and I hope that a competitor does come up while Twitter is trying to solve it's own internal issues.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-tarazkp-46oepb)
👍  
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@tarazkp ·
I think there will be qui e a bit of competitive scrambling in the background already - looking to take advantage of the fallout and, if there is a failure. 
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@manoldonchev ·
The fundamentals...interesting content. A reason to want to go there again and again. Both Twitter and Hive...I mean Threads.

Is tere a way to follow somebody specifically on threads but not on the Hive blockchain in general? 

Why's Gina not working after the last HF? Oh...that's one too many off-topic questions, perhaps. Better leave it there, though.

Browsing through Threads, not all absorbing, yet
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@mosesessien ·
Very detailed post
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@tarazkp ·
Not a very detailed comment.
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@cmplxty ·
Y u no liek da cmmnt??? 
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@poshtoken ·
https://twitter.com/1415155663131402240/status/1591642083445862411
<sub> The rewards earned on this comment will go directly to the people( @rzc24-nftbbg ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
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@ryivhnn ·
G+ was actually cool, just unfortunate that the idiots in charge of Google had the stupidest of stupid ideas.

I was talking to a friend about Mastodon today and getting confused when they were telling me that the interactions generated by some popular person who had moved from Twitter made everything start creaking but not quite grind to a halt.  It's been a while since I looked at the whitepapers (are they still whitepapers?) of anything fediverse related but I remember having the impression that the more popular things were supposed to be faster because more things would be serving it.

Would hive do the same or would it cope better? :D
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@slhp ·
$0.17
Twitter doesn’t seem to be failing.  Elon Musk said they have hit a new record of active users. 

I don’t see HIVE being a contender yet until we can put out a seamless app that feels like Twitter (to compete against Twitter) 

There are also alternatives like Truth Social, GETTR, GAB that function and feel almost like Twitter.  These platforms would probably be the next destination. 

LeoThreads has not solved the chicken egg problem to get the users to replace Twitter, and I think that’s HIVE in general, have we reached even 1/10 of Reddit? 
👍  ,
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vote details (2)
@tarazkp ·
>Elon Musk said they have hit a new record of active users.

No surprise as there is a lot going on there now. 

I don't think Hive would need to be a Twitter, just a decent social platform people can rely on.


![image.png](https://images.hive.blog/DQmWQYTmXjVnoCbKADyFvvdHSC7FLVgSTiU5X8ZFekm5uE8/image.png)


I don't know Gettr, but aren't the other two quite Right?

Not even close to Reddit. I don't use it though, but out of all of those I know who do, I still don't understand why :D
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@slhp ·
HIVE feels a lot like Reddit.  Reddit’s got tons more communities and users.  You can find all kind of stuff. 

Truth Social and GAB are free speech, you can say they are on the right spectrum as many were rejected and banned from Twitter/Facebook etc. 

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@urri2020 ·
$0.17
>And, we don't need 450 million active users

Only 450 users would be enough for us, but millionaires)
👍  
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@tarazkp ·
$0.03
A few billionaires willing to stake would do :D
👍  ,
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@videoaddiction ·
$0.14
I think a considerable numbers of Twitter accounts are troll that are used for politic aims, it is so at least in my country.
👍  
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@tarazkp ·
Yes - heaps of trolls and bots - far more than they say there are. 
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@yibbiy ·
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The drama came from pro-censorship crowd.  For the rest it is a better place.  Now you get both sides of the story. 

Freedom of speech is paramount and people need to be able to debate, and who is it to decide what’s misinformation?  

From the experience of the past two years, the official narratives were the dangerous misinformation and disinformation, yet it shaped the public opinion, because of lack of the contrary evidence to make people think critically. 

👍  
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@tarazkp ·
>and who is it to decide what’s misinformation?

Those who write the history books. Look at Covid now - where the very people who drove for and punished "anti-vaxxers", are wanting a "pandemic amnesty" so they can shirk responsibility for their poor behaviors.
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