LeoThreads Curation

It has been 3 days since the launch of our new friend, LeoThreads. Threads is a microblogging feature built on top of LeoFinance, therefore it is microblogging on the Hive blockchain. Threads are kinda like tweets on Twitter in the sense that they are 240 character micro-posts that can be created in seconds. Being on the Hive blockchain is a great thing for a number of reasons, but the number one reason is ownership. You own your content. It lives on the blockchain forever with permission from no one but yourself.

Whether you've been around for a while of this is your first time jumping on Hive, you probably notice one thing... Most content is long-form. Most of the content that gets any level of engagement is somewhere in the 500+ words range in terms of length, which is the idea. Create valuable content and people that find value in it are able to vote (curate) on it and share a little (or big, depending on their Hive Power) bit of value with you. Now that we have this new dynamic of short-form content in the form of Threads, we need to start curating that content.

The level of activity on Threads since the launch has been pretty high, and that is a great thing. It is very new, there are tons of bugs, it's in open beta, and is just the MVP. Some users are having problems using Threads on mobile, which is where a lot more activity is going to come from. Rome wasn't built in a day, ya know.

Anyway - that high level of activity is mostly just new Threads or comments on other Threads. I don't see a ton of actual votes happening, which is something we need to change.

If you take a scroll down the Threads page you will notice a lot of commenting, but not a ton of voting. The votes that do happen are very tiny, and will likely end up not getting paid out. Looking at the trending page, the top trending Threads are getting some bigger votes that will end up being paid out, but this needs to be the case with all of them. At the end of the day, a vote has value no matter how small it may be, but the Hive blockchain does not pay out curation rewards if the vote is less than 2 cents or higher.

What a lot of people probably haven't thought about is that Threads are basically comments. Most users that curate daily have a defaul vote weight for both Top Level posts and Comments that are different. I know personally, my default vote weight for comments is usually set to 10%. The problem is that, if your vote at whatever percentage is not worth at least 2 cents, the person you voted on will not get a reward payout after 7 days, and you won't get a curation payout after 7 days.

Don't want to have to worry about the annoying process of making sure your vote is worth at least 2 cents every time? Neither do I. Ain't nobody got time for that. There's an awesome service that I've used for quite a while called @dustsweeper. It's a bot service that does a lot of cool things. Mainly, it goes behind and votes on comments that you vote on if the vote value wasn't 2 cents or higher and makes sure that vote doesn't go to waste by making up the difference.

It also does this the opposite direction. If someone votes on your comment and it isn't worth 2 cents, it will vote to make up the difference. So now when you start voting on these Threads like crazy, you don't have to think about what the value of that vote is going to be. The other thing is it's calculated in HIVE, not LEO and odds are you're on the LeoFinance frontend which displayed in LEO. Take all the headache away with Dust Sweeper.

So how does it work? Pretty simple. You send whatever amount of HIVE/HBD to @dustsweeper and it gets added to your balance. Every time The bot votes, it deducts a little bit from your balance. So all you have to do is top up your balance every now and then, whenever you feel like it... Then let the bot do the rest for you. If you still have questions about how it works, check out the Dust Sweeper FAQ.

There's a Discord bot that allows you do check the stats on your account as well. Previously I had it set to only vote on my comments if they were not at 2 cents, but I have changed it to do both so I don't have to worry about my votes on Threads going into the void. As you can see, my balance has been depleted for quite a while so I went ahead ad added 2.5 HBD to my account, which was converted automatically to 4.2 HIVE. That should be enough to cover a ton of votes.

I also changed the way it votes to cover both incoming and outgoing votes by sending a memo to the account saying INOUT. Curating is going to be something that is huge on Threads in my opinion. People will continue creating these microblogs especially if they see a little bit of reward value coming. Why do we want to encourage users to continue Threading? Obviously the growth of Hive as a whole is number one. Threads has the potential to bring a metric shit ton of users from outside of Hive to the platform.

Not only can we encourage growth of Hive as a whole, we can help to increase advertising revenue for LeoFinance by bringing in users. Why do we care about this? Well - advertising revenue is going to be used to buy back LEO tokens which benefits everyone. The market cap is tiny and we're here super early.

Since the launch of Threads, I have been spending most of my voting power on Threads. Do your part to support growth and get curating.

Thanks for reading! Much love.

Wanna learn about all kinds of things you can do with the crypto you earn blogging on Hive? Check out my index - Learn Crypto Stuff for some fun educational crypto stuff.

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