BIG NEWS! Dlive is jumping blockchain!

in #dlive6 years ago

I have been a big fan of dlive since it's inception less than a year ago. This is a big change to the platform. How it functions and operates etc. it makes me a little nervous tbh. I grabbed a few sections of the announcement so let's take a quick look through.

Dear DLivers & Steemians,

"I have some news about DLive to share with everyone on DLive and Steemit. Before I get into the details, I want to take a moment to thank @ned and Steemit Inc. for the support. Steem is an amazing blockchain. It was the first project to introduce its own content-focused blockchain to provide an outlet for those content creators being censored, demonetized, and treated unfairly on other platforms like Youtube, Facebook, Twitter, and Twitch. I sincerely feel that DLive adds value to the Steem blockchain and we have shown the new and existing users of Steemit just how great this blockchain is. However, we have realized that a consumption-based economy is indispensable for the long-term sustainability of any live streaming and video applications. The major source of income for streamers should be highly dependent on their viewers supporting them through various methods such as tipping, gifting, and subscriptions. Now, it is time to start a new chapter on this journey. On Monday, September 24th at 10:00 am PDT, DLive will be migrating to the Lino blockchain testnet. During the migration, DLive will be down for the entire day. On Tuesday, September 25th at 10:00 am PDT, we will be back up and running but on the Lino blockchain testnet."

"The major source of income for streamers should be highly dependent on their viewers supporting them through various methods such as tipping, gifting, and subscriptions."

okay, so a lot more like a youtube model.

Why is DLive migrating?

We’ve been monitoring analytics and we were not able to reward our content creators with the true value of their content. Our focus was to grow our user base, and build an engaging live streaming and video community while growing Steem as well, and deliver upvotes as evenly as possible during the last 9 months. However, the current economic model of Steem incentivizes large Steem holders to continuously upvote their own content and other creators who specifically support their content."

No more greedy users with big fat SP. upvoting themselves and abusing the rewards pool. I get that, it's a huge flaw on the steemit platform.

How rewards will work on the Lino blockchain

"For example, when you receive a $5 tip, and the remainder of the entire DLive ecosystem content tipping pool within the same time frame generates an additional $95, your earnings constitute 5% of the total earnings pool and therefore will be rewarded approximately 5% of the inflationary reward pool. All the posts on the Lino blockchain will not have 7-day earnings window, which means all the posts can be tipped and earn bonus rewards from the inflation rewards pool forever.

Earnings for a single post (live stream or video) ≈ Donations from viewers + Bonus rewards from blockchain inflation."

Infinite earning ability. Sounds cool. I doubt it will help me lol but it will be cool for those dlive that have developed a fan base.

"To show our appreciation, all DLive accounts created prior to September 24th will receive 100 LINO Points as a bonus, when you sign in to The New DLive and claim your Lino blockchain account."

Sweet!! If you don't have an account you should sign up now before September 24th. Score yourself some bonus Crypto.

Well anyways, thought I should pass the info along. I like the way dlive is right now, time will tell if this is the right move. But, like I said I have been a fan and supporter of dlive from the beginning. I wish them the best of success.

You can read the full announcement in the link below.

DLive is joining the Lino blockchain, moving away from Steem

Thanks for reading

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Mabuhay, keep steeming.
@Filipino

Posted using https://Steeming.com condenser site.

Do you think dTube now having the ability to live stream had anything to do with it? 😎

You may be interested to read @taskmaster4450's take on things. A link to their post is included below for your reading pleasure.

https://steemit.com/busy/@taskmaster4450/dlive-is-leaving-the-reason-a-farce-and-steem-won-t-miss-it-a-bit

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