Haha those were the days. And I remember you old friend, you hang out in Kay's amazing video tutorials.
Promo-mentors was fun. And as a project creator I tried to make promo-mentors sustainable. And there was frankly not a real good way. Putting aside whether promo-mentors was a good "product" or not. The only Hive official way was to earn through posts or create an own platform. So as a project team, I thought oke these two ways sounds legit which paths are we going to try? Creating a whole platform like 3speak? This is way too expensive and time consuming, we would need to hire a dev and also hope he has hive blockchain knowledge. Oke, then earn through blog posts. But oh shit, then we run into the two main unsustainability problems I formulated in my post. Our rewards would be in hive tokens. 1. NOBODY wants to hold hive long term, because of high inflation and low buyer pressure for multiple other reasons (I am sure 1000+ of blog posts have been written about the other reasons). 2. Nobody realistically wants to read our blog posts because we are not a blogging project and if we were nobody would read our blogs anyways, because incentive to read blog posts = broken. To get funds we would need to have support from big whale accounts = centralization of power (you call it plutocracy, which I love btw).
And I can write another page about why going for the platform way leads to even more disappointments (while on other blockchains its much much easier, I know because I am doing projects there). And I bet this hasn't become easier in the "new hive".
Good to hear from you again man, and thanks for letting me know how promo-mentors impacted you. I really appreciate that.
I hope everything besides Hive, everything has been well!
RE: Why Hive Is Failing.