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PAST PRESENT and FUTURE of DIGITAL PAYMENTS

PAST, PRESENT, and FUTURE of DIGITAL PAYMENTS

PAST PRESENT FUTURE OF DIGITAL PAYMENTS

The 3 Cs – Contactless, Cashless, Crypto

We have experienced an architectural shift in the way we handle our financial transactions, particularly over the last decade. More recently, since the new safety regulations introduced and enforced due to the pandemic, consumer behaviors have changed to a more contactless and cashless way of buying things in-store with more businesses transitioning online. With this comes the rise in digital payments.

The world-renowned entrepreneur and engineer, Ken Olsen was quoted back in 1977 as saying,  "There is no reason for any individual to have a computer in his home". That was around the same time I was receiving my wage as cash in a little yellow envelope. 

To be fair, that quote was taken out of context and what he was referring to was computers set up to control houses, not your average pc, however, today that’s exactly what’s happened. Many in our society have installed technology with many if not all appliances armed with computers that connect them to the internet of things. 

I’m personally still wary of this and wouldn’t have it in my home, but the smartphone used for digital payments instead of cash, yes, absolutely. A more convenient and secure way to manage finances given the improved security we now have with ongoing advancements to address the arising needs in the future. It’s even eliminating the need for physical credit/debit cards.  

One Hundred Years Ago…

Electronic payments became a thing when the first was the charge card issued by Western Union back in 1921. Not long after department stores, hotels, and service stations also began offering charge cards. Diners Club was introduced in 1950, then came American Express and the BankAmericard founded in 1958 which then became Visa in 1977. 

Since then, we saw the videotex system in the mid-1980s which from all accounts the world wasn’t ready for so it didn’t take off. It’s also worthwhile mentioning that in 1983, David Chaum, an American cryptographer, started work on creating digital cash by inventing “the blinding formula, which is an extension of the RSA algorithm still used in the web’s encryption.” This was the very beginning of cryptocurrencies.

Online banking and bill pay came into play in the mid-1990s along with the first-ever online purchase in 1994. Accounts of who actually was the first vary but this video by Shopify reveals who the credit goes to. 

 

Let’s take a look at the digital payments timeline which began just over 25 years ago and how it’s evolved as a solution for global transactions that reach into the $trillions every year.

Online Digital Payments Timeline

The origins of digital payments began when a 21-year-old entrepreneur Dan Kohn in Nashua, New Hampshire, sold a CD over the internet via credit card payment.

►1994: First online purchase is made
    A CD of Sting’s Ten Summoner’s Tales is sold for $12.48 on NetMarket.

►1995: Amazon.com launched its online shopping site and eBay was also introduced.

►1997: First mobile payments and first contactless payments
    Coca-Cola installs two vending machines in Helsinki that accept payment by text message.

►1999: Paypal launches electronic money transfer service
    Early on, PayPal’s user base grew by nearly 10% daily. Tesla CEO Elon Musk and venture capitalist Peter Thiel were among its co-founders.

►2003: Alibaba launches Alipay in China
   Today, the mobile payment platform has witnessed stunning growth — leveraging digital wallets accepted by merchants in over 50 countries and regions.

►2007: M-PESA creates the first payments system for mobile phones
   Kenya-based M-PESA launched its mobile banking and microfinancing service. Today, it has over 37 million active users on its platform across Africa.

►2009: Bitcoin enables secure, untraceable payments
   Satoshi Nakamoto develops the first decentralized payment network in the world.

►2010: The first Bitcoin purchase took place
   Two pizzas were purchased for 10,000 BTC on May 22, 2010. Given the current price of Bitcoin, that 10,000 BTC is worth around $129 million USD today.
    
►2011: Google Wallet is launched
   In partnership with Citibank, Mastercard, and Sprint. 

►2013: WeChat Pay is rolled into the popular messaging platform
   By 2018, it surpasses 800 million monthly active users.

►2014: Apple Pay launches
   To its iPhone users, Introducing widespread biometric authentication.
   This is followed by Android and Samsung Pay a year later in 2015. 

►2014:Ethereum launched
   Vitalik Buterin launches Ethereum, building decentralized applications such as Smart Contracts which allow for autonomous and more complex payment transactions on the Blockchain.  

 


Image credit: Visual Capitalist

By 2023, over $2 trillion of mobile payment transactions could be authenticated by biometric technology. The use of biometric identification management technology for accurate customer identity verification has proven to deliver efficiency and convenience for organizations and also helps comply with government regulations to prevent identity theft and money laundering. Biometrics use intrinsic data, allowing for immutable identification and verification of people, and is fast and simple. 

As technology continues to transform, advances in digital payment technologies and cryptocurrency are creating a knock-on effect worldwide. 

What Does The Future of Digital Payments Look Like

According to Deutsche Bank Research, the coming decade will see digital payments grow at light speed. That will lead to the death of the plastic card. In emerging markets, the effect could arrive even sooner. Many customers are transitioning directly from cash to mobile payments without ever owning a plastic card.

In a recent survey, most plan to use a smartphone wallet more in the next six months, and most believe that digital wallets will replace traditional wallets within the next five years. 

As more people use and rely on their smartphones for digital transactions as a means to manage their affairs and purchases with post covid guidelines, a number of other technological innovations may well be instrumental in shaping the evolving digital payments industry.

TECHNOLOGICAL INNOVATION FORGING THE FUTURE

♦ Messaging-app payments
   Facebook Messenger, WhatsApp, and WeChat can leverage the reach of billions of users.

♦ Multi-dimensional Digital Wallet 
   Markethive is releasing its wallet to facilitate messaging, P2P, ecommerce, micropayment, and crypto transactions to its users reaching into the millions

♦ Voice-activated commands
   Paying for gas, groceries, or retail via voice could soar.

♦ Biometric payments
   Smartphone biometric security features could spur traction across digital payments.

♦ Blockchain wallet adoption
   Blockchain wallet users are predicted to soar to 200 million by 2030.

♦ Cryptocurrencies
   Daily transactions of leading cryptocurrencies total at approximately 3 million on average. 

♦ Peer-to-peer (P2P) payments
   Financial Institutions along with credit card companies are investing heavily in P2P partnerships, following PayPal’s lead. 

♦ Hardware & in-store interfaces
   Square, Clover, and Stripe are driving new mobile processing integrations.

♦ Facial recognition
   May soon replace QR codes across retail, transit, and airports in China.

Consumers said they chose mobile payments for the convenience, speed, and absence of fees. Retailers are taking note. Many are installing a mobile payment app “to fit customer desire.” The key benefit is reduced effort with mobile payments, there is no need to type in a PIN or handle cash, which removes a psychological barrier. And then of course there is the contactless aspect of it which has become more prevalent today. 


Image credit: Deutsche Bank

Crypto And Blockchain Experience Significant Growth

There has been significant growth in the use of blockchain and cryptocurrency in digital payments. There is a need and enormous opportunity for the online community to take advantage of cryptocurrency micropayments for engaging, facilitating their businesses and to some extent, gamification is becoming more popular and rewarding.   

Markethive, the Blockchain-driven Social Market Network has realized the potential for cryptocurrency micropayments on its global platform which will extend to external coin exchanges and P2P payments via a multidimensional wallet, which is a POS wallet, a Mining Wallet (through the Markethive faucet systems), a private KYC/AML authentication provider, and a secure messaging system.

Blockchain being the technology behind cryptocurrency is foundational for building the next generation of digital transactions. This will establish trust in the trustless applications that provide transparency and immutability with the added benefit of streamlining business procedures, all of which is considered crucial by users as it enhances openness and efficiency of businesses.

Recently, Paxos’ announcement of PayPal now taking on cryptocurrency with its new service allows users to buy, sell, or hold cryptocurrency with their PayPal digital wallet. This is great for the crypto industry as PayPal will help to increase awareness and adoption along with education and utility for cryptocurrencies. 

A Digital Economy On The Rise

The value of digital commerce and mobile POS payments continue to rise on a global scale with yearly transactions valued at $4.8 trillion in 2020. The industry is undergoing a substantial transition given the disruption and global advancements taking place as key technological innovations are integrated. 

As digital wallets become more mainstream, transactional volumes are estimated to reach $9 trillion annually with online purchases and digital commerce driving the growth. As the industry expands its reach globally, users, consumers, investors, and businesses will all benefit from this transformative shift towards a digital economy. 

The real possibilities in a decentralized, blockchain-based payments world cannot be underestimated. There are various types of payments automated with smart contracts and the Blockchain could ultimately be universal in everyday payments at a society level. 

 

ecosystem for entrepreneurs

References:
Visual Capitalist
Deutsche Bank 

 

 

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals. 

 

 

BLOCKCHAIN – THE QUIET ACHIEVER

BLOCKCHAIN – THE QUIET ACHIEVER 

Markethive Blockchain, the quiet achiever

Time For Trustless Trust 

Blockchain technology is what I consider to be a quiet achiever, and is subtly easing its way into the mainstream in many industry sectors that impact all of us in one way or another. Since my previous articles on Blockchain, we’ve seen an increase in the implementation of blockchain technology as now more than ever it has become a “time for trust”, as quoted by one of the big four auditing monopolies PwC.    

Without a doubt, Blockchain technology will have a beneficial effect on every aspect of business in the future, however, this is a gradual process that requires time and patience. Many traditional businesses are mindful of and watching this evolution, but sitting on the fence waiting for more examples of blockchain technology. Why?

Because traditional businesses will require more transformation when integrating Blockchain and will have to completely reconsider their processes to harvest the maximum benefits of this technology.  Meanwhile, companies with a culture of innovation lead the way into this new era of transparency and immutability. 

Although Blockchain was initially considered only suitable for banking, finance, and cryptocurrency sectors, we are now seeing the benefits in many other industries as well. Currently, we have a lot of solutions that are either in the pilot or beta phase or already being utilized in this enterprising way of not only keeping businesses honest but provides a range of benefits for the public.

 

50 Companies Already Using Blockchain Technology
BLOCKCHAIN 101

101Blockchains.com compiled a list of the top 50 companies across a range of industries as indicated in the infographic above, however, I’m going to add an industry that is at the forefront with a metamorphic influence and used by billions of people. It’s infiltrated our daily lives and increasingly is a way of life for communication, work, and livelihoods.  

Numerous giants in this industry have been in the notorious spotlight for misuse of personal data, political bias, and tampering, questionable algorithms to name a few. If you haven’t already guessed, yes it’s social media, particularly Facebook, and will probably be the last, if at all, to align themselves with a transparent, public blockchain for the benefit of its users on every level. 

Truth About FaceBook’s Libra

Even Facebook’s yet to launch Libra coin that has recently come up against regulatory pressure is a private blockchain (permissioned) that uses an access control layer to govern who has access to the network making it more centralized. In other words, validators are vetted by the network owner, unlike public decentralized blockchain where applications can be added to the network without the approval or trust of others, using the blockchain as a transport layer. 

The Libra blockchain would more likely be for financial transactions only and will not benefit from the network effect.  Nor would the issues of privacy and data harvesting be addressed, in fact, Facebook, which ironically banned ads related to cryptocurrency and initial coin offerings, has not said how it might use blockchain technology, so a public blockchain, by its very nature, could well pose a threat to Facebook.

Blockchain is a distributed ledger with data stored across a network of computers and rules that are enforced by its many participants. It’s the opposite of Facebook, which is a massive centralized organization that controls all the infrastructure underlying the 2.7 billion global users on its proprietary social network.

IMAGINE A BLOCKCHAIN FUTURE

Imagine…

Imagine a vast online network where we all hang out, chat, and buy things, but that’s not owned by Facebook, Google, or Amazon. That’s the vision many more people are seeing in blockchain technology as it becomes more understood. The companies using blockchain technology are actually securing their place in the changing ecosystem.

As 2020 comes to a close, there are now over 3 billion social media users around the globe using some form of social media, many are marketers, either for companies or in business for themselves. 

Blockchain technology as a foundation in social media will be able to solve the problems related to notorious scandals, privacy violations, data control, and content relevance. 

The integration of a decentralized blockchain ensures that all the social media published data remain untraceable and cannot be duplicated, even after its deletion. Furthermore, users will get to store data more securely and maintain their ownership. 

Blockchain also ensures that the power of content relevance lies in the hands of those who created it, instead of the platform owners. This makes the user feel more secure as they can control what they want to see. 

There are many upcoming social media platforms built on the blockchain, primarily used for sharing content through blogging and being rewarded with their native cryptocurrency. In my research, I’ve found some doing well, while others have tried and failed. Below I’ve outlined a few that stand out. They are each compared with a Web 2.0 platform or as close to it. 

SOCIAL MEDIA ON BLOCKCHAIN

Bitchute: is a peer to peer web torrent video sharing platform, predominantly funded by users’ donations and scaling memberships. Monetization including tipping creators’ content is handled by 3rd party processors via Bitbacker, Coinpayments, Paypal et al. The responsibility for payments are passed on to the user, not Bitchute. Primary user interests: politics, activism. Alexa ranking: 2,172. Comparison: Youtube.

Steemit: Steem blockchain-based social media platform. Earn Steem coin and Steem Dollars which is a USD soft-pegged asset to post, comment, and curate. Primary user interests: advice, finance, economics. Alexa ranking: 20,069. Comparison:  Reddit.

PeakD:  Underpinned by the Hive which is a new blockchain that originated as a fork of Steem. In February, TRON acquired Steemit, Inc., which allowed it to gain control over Steem. In response, several Steem nodes and users created Hive, introducing a new governance model that is designed to prevent anyone from gaining control over the blockchain.

Despite those differences, PeakD social media functions are very similar to those of Steemit. Users can post content on the social blogging platform, Peakd. Users receive HIVE crypto tokens for posting content and commenting on that content. Primary user interests: Blogging, miscellaneous communities. Alexa Ranking: 40,004 Comparison: Markethive Social Media Platform

Minds: is an open-source social media platform. You can earn Minds ERC20 tokens for contributions. Minds measure your contributions to the network on a daily basis and you receive a “Contribution Score”. They then calculate how much you have contributed to the network relative to the entire community. That determines the percentage of the Daily Reward Pool that you earn.

Users’ only receive credit for unique interaction, meaning you can only earn credit from another unique user once per metric per day. (eg. If a friend votes on my content 100 times in a day, I will only get credit for 1 vote).
Primary user interests: politics, activism. Alexa ranking: 11,591. Comparison: Facebook.

Narrative: is a user-governed social media platform for bloggers. Earn NRVE tokens to post, comment, curate, moderate, and own niches. Since its inception, some members of the Narrative community have incorporated and are negotiating a new platform with the aim to be reborn with a new platform name along with some improvements integrating to the new Discord server.  Primary user interests: n/a. Alexa ranking: 2,284,842. Comparison: Medium.

Memo: is a BCH blockchain-based social media platform. Earn BCH via posting. Data is stored directly to the blockchain, not the cloud, using OP_RETURN. Using the Memo OP_RETURN Protocol, the message you include with your transaction will show up as a post on the site. You can also use this protocol to like or reply to a previous memo.
Primary user interests: Bitcoin Cash, micro-blogging. Alexa ranking: 214,778. Comparison: Twitter.

However, According to Bitcoin.org the use of OP_RETURN is irresponsible in part because Bitcoin was intended to provide a record for financial transactions, not a record for arbitrary data. Perhaps Memo should build their own blockchain specifically for content and data.

SocialX: is a photo and video sharing blockchain-based platform. Earn SOCX crypto token rewards for contribution and licensing. SocialX is a community-driven social media platform allowing users to publish photos and video content. 

SocialX has created its own blockchain to tackle various challenges associated with blockchain-based projects including the decentralization of photos, video, and other media. 
Primary user interests: Varied content of a social nature. Alexa ranking: 2,223,697. Comparison: Instagram.

Indorse: Ethereum-based coding evaluation and assessment recruiting platform. Earn IND tokens for activity on the network. Primary user interests: coding, recruiting. Alexa ranking: 395,295. Comparison: Linkedin.

Markethive: built on blockchain technology, is a Social Market Network and much more than a social media or blogging platform. It incorporates all inbound marketing tools including SaaS, CRM, AR email systems, eCommerce, along with a digital media broadcasting platform. I am yet to find a blockchain comparison on the internet for Markethive. 

Earn Markethive coin (MHV) for every activity and engagement on the platform as a free member. Be rewarded for your loyalty while building your business online in a collaborative environment. Created for the struggling entrepreneur, delivering a sovereign platform so all have the opportunity to excel and prosper. Primary user interests: business, marketing, blogging, current news, commercial arts, entrepreneurialism. Alexa ranking: 3,152. Comparison: Marketo, Hubspot, LinkedIn.

(Alexa rankings and data retrieved on October 18, 2020)

Blockchain – A Real Differentiator 

Blockchain can be a real differentiator, a new technology with the potential to be a force for good, leaving centralized web 2 platforms behind with their tyrannical protocols.

Blockchain holds different meanings and use cases for different industries, with every industry being able to benefit from blockchain technology, however, by enlarge people still have limited knowledge of how blockchain can be a transformational change to all sectors.

Many cannot see beyond its association with cryptocurrencies and are confused about the differences between blockchain and cryptocurrency. A good way of understanding the relationship between crypto and blockchain is to compare it to an application on your smartphone. (e.g. Menulog or Messenger), and the platform on which that application is running (IOS or Android). Blockchain is the platform and cryptocurrency is an application that runs on the blockchain platform. 

The confusion stems primarily from the fact that the platform (blockchain) and cryptocurrency (Bitcoin) came onto the scene at the same time. The first time blockchain was recognized is when it took the world by storm as the technology behind bitcoin. When in fact, it was first conceptualized back in 1991 using the term “Timestamping”, which was basically an immutable ledger, long before Bitcoin.

More organizations are reassessing their operations as they do battle with the repercussions of the pandemic lockdown of 2020. It has accelerated many disruptive trends that will create entire new markets and displace others in the process. There is a shift towards new ways of working, communicating, and transacting online.

Trust Is Fragile

Trust is faltering, becoming an increasing issue in the digital world and organizations are clearly recognizing the importance of building trust with their people, customers, and business partners. They are paying far greater attention to the risks that undermine trust online such as fraud, data loss, or misuse along with many other forms of cybercrime. 

And in a more traditional sense we have all had to trust the institutions, middlemen, and the powers that be with our finances, documents, data, and the like, for decades, which has historically been the demise of society, even countries, almost becoming 3rd world. This type of trust will become irrelevant in the blockchain-enhanced digital world. 

A decentralized, immutable distributed ledger (blockchain) has been coined as a “trustless” protocol, meaning there’s no need for trust as in the traditional sense. Blockchain technology supersedes the old trust method, transforming into a “trustless trust”. 

 

An Emerging Technology Coming To Light

By integrating blockchain, organizations can build greater trust and transparency in areas such as certification, recruitment, commercial transactions, and the way they secure, share, and use data and content.

An increasing number of organizations are now seeing that blockchain technology provides an opportunity to change for the betterment of all, improving reputation, providing more growth and sustainability, build confidence, and propel any industry forward. 

 

Both Industries And Society Will Reap The Greatest Rewards 

PwC economists expect blockchain technology to bring benefits across a wide range of industry sectors and a lot of the value will be realized behind the scenes. This recent analysis in pdf format estimates blockchain technologies could trigger a $1.7 trillion boost in the global economy by 2030.  

They expect between 10% and 15% of worldwide infrastructure to be using blockchain within a decade with the biggest beneficiaries poised to be the public administration, education, and healthcare sectors. 

Also, wholesalers, retailers, manufacturers, and construction services will benefit from using blockchain to engage consumers and meet the demand for provenance and traceability.

There will be broader benefits for business services, communications, media, marketing, and advertising with the billions of users looking like winners with more of an equal opportunity to earn a living online. For ease, stability, and protection, blockchain technology will play a significant role in the next normal. 

 

ecosystem for entrepreneurs

 

 

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals. 

 

 

SEO StrategyIn 2020 – Focus On Content and Links

SEO Strategy In 2020 – Focus On Content and Links 

SEO strategies for 2020

Even with all of the SEO trends that have been introduced over the past 25 or so years since its inception in the last decade of the 1900s, SEO in 2020 is still all about content and links. Without amazing content, you’ll never get links, and without link building, you won’t rank on the SERPs, so quality content and links should still be the foundation of any SEO strategy. 

SEO is the acronym Search Engine Optimization however more to the point it should be referred to as Web Presence Optimization, after all, we are optimizing our business and web presence, not the search engine. 

Content marketing and inbound marketing are synonymous as its foundational approach is creating quality content tailored to any given audience thereby acquiring customers, building trust, and loyalty. This type of marketing is not separate from SEO at all and has become an integral part of today’s SEO.

The SEO pre-2011 was a totally different mindset and the tasks were generally farmed out to search engine optimization professionals at a price. The industry became notorious for gaming search engines, particularly Google with the one-upmanship game using tactics like dark link schemes, mass forum posting, comment backlinking, and content stuffed with keywords, etc.   

After one of many of Google's algorithm updates (Panda/Farmer update) in February 2011, things notably changed and Google started viewing content from a truly human perspective. Marketer’s changed the way they approached Google and no longer used the keyword density formula as stuffing keywords throughout every page was a big no-no. Marketers started focusing on content that correlated and that interested their target market. 

Google continues to stay ahead of the game. Today, with their latest algorithm named BERT, which is based on user intent rather than a focus on content/page to keyword matching. It’s a  user-focused optimization, using real people to evaluate websites. These Quality Raters are not SEO professionals but are trained to assess the pages according to the amount of expertise, authoritativeness, and trustworthiness of the page’s main content as well as the creator of that content. 

 

Two Factors Determine High-Quality Content In Google 

As we know Google’s algorithm changes constantly, but there are two human inputs that can affect how your content shows up in search results.

Behavioral Analysis: Google looks at user behavior factors like the dwell time and average time on page.

Quality Raters: Google hires humans who manually check their search results using quality rating guidelines.pdf

As it’s all about humans and how they consume content and their effect on search engine rankings, we need to ensure our content satisfies not only the technical but the human requirements also. 

The Human Touch Required For The Pillars

Expertise, Authoritativeness, Trustworthiness, otherwise known as E-A-T are the pillars of Google’s quality rater guidelines and are only used to help Google evaluate changes, and do not directly impact rankings. The guidelines exist to help raters assess “Page Quality” and “Needs Met”, so it is simply a term Google created to teach quality raters what to look for. 

What is EAT?
Google emphasizes Expertise, Authoritativeness, Trustworthiness –  EAT to ensure trust in their search results.

 

Page Quality

Jennifer Slegg, the editor for the SEM Post, explains how Google assesses E-A-T,

“They said that the best-known signal is PageRank — that means links.”

Google may count links from other authoritative sites in your sector as vouching for your page.

Slegg provided as a rule of thumb, 

“You want to make sure that you’re putting out content that other people will feel good about linking to. In addition to amassing backlinks, publishers can bolster their E-A-T by citing their sources, including author bios and credentials, hiring authors that are experts in their field, adding “about” info and contact details, and managing their reputation and reviews.”

Needs Met

“Needs Met” refers to how well your page satisfies the user’s query.

EAT Guidelines

Slegg goes on to explain,

“If you want to get the ‘Fully Meets’ ranking for this, which is the highest-ranking you can possibly get, you need to ensure that your content is completely answered what searchers are looking for,” 

So how can we improve our Needs Met ranking? One way is to see what keywords are getting users to your site and assessing that against your landing page. Also by having all your content on a single page rather than spread across numerous pages that would cause users to have to click on subsequent pages, may lower the likelihood of users returning to the search results only to click on your competitors’ listing. 

Low-quality signals are considered to be pages that are not mobile-friendly, misleading or clickbait titles, ad-blocked content, and intrusive advertisements, so the quality raters are instructed to assign the lowest rating available. 

“Google knows that sites need to have ads to support revenue,” Slegg noted, “it’s more about the types of ads.”

These pieces of content are ranked by their order of usefulness and relevance to the user performing the search.

And that means, in order for your content to have any SEO value at all, it needs to be beneficial to searchers.

How do you make sure it’s beneficial? The infographic below gives you some guidelines recommended by Google.

Google tips for adding SEO value

 

Social Media Now Considered Backlinks

Social relationships are now considered the new backlinks. In other words, you begin following people who have similar topics to yours and when you start building relationships, they will share your content from their social media turf. The more influential content-related people who share your content, the more impact it has on rankings. SEO is becoming a social butterfly that creates a network of substance and purpose.

A Community That Comments Is A Good Thing

Do blog comments help your rankings? According to Google, the answer is YES! 
In fact, Google stated that the community on your site that comments on your blog or article can help “a lot” with ranking.

Commenting through community is good for ranking

Subsequently, Gary Illyes from Google said that “Comments are better on-site for engagement signals for SEO than moving to social.” 

comments better on site than on social

In other words, Google now wants to see that you have an active community on your site. 

It’s extremely worthwhile to share "the love" with other social media platforms in terms of creating a greater reach. This is where Markethive excels as fully explained in this article written by the CEO of Markethive, Thomas Prendergast, a master at the art of marketing. 

Markethive is the ecosystem for entrepreneurs from all walks of life that not only includes a comprehensive inbound marketing suite but a social media platform where like-minded individuals network focusing on collaboration, sharing content and ideas, with the added advantage of Blockchain security and financial sovereignty. 

It’s a platform that highlights the cottage industry with sovereign storefronts and oodles of content all pointing to and from the platform.  It’s the perfect umbrella for any business to improve their exposure and reach.

With the classification of the next generation Market Network, Markethive has advanced exponentially in terms of traffic and Alexa Ranking. Thanks to the Markethive community with its professional approach to mastering the basic techniques of SEO, facilitating their individual businesses while engaging on the social platform, there’s little wonder that Markethive is a force and showing all the signs of dominating the Social Inbound Marketing paradigm.

Statistics updated Sept. 29, 2020
updated statistics on Markethive's growth

Markethive is not totally dependent on Search Engines as an individual marketer going it alone might be. It has built its own society (and continues to do so) so its traffic is contingent to the Markethive membership driving more traffic in, due to the nature of its platform, what it has to offer, the viral aspect, and the rewards system in place. 

Having said that, there are simple things we can do to optimize our content with the Markethive blogging system and keep within the guidelines of what is accepted or frowned upon on major search engines. 

Adding to that it’s beneficial to be aware of the continuous changes and updates our beloved Google does to its search engine. 

 

How Can You Optimize Your Content In Markethive?

Content optimization doesn’t need to be difficult. It’s certainly one of the easier elements of SEO to understand and since Markethive is in essence an Inbound Marketing platform with content being of paramount importance it makes sense to understand how you can optimize your blogs to improve rankings.

You need to ensure you’re following a process and adhering to best-practice guidelines. However, you first need to understand why certain elements contribute toward an optimized page and also what to do to implement these into your content. 

Content remains one of Google’s strongest ranking signals, but it’s important to create content with a purpose. You should never just publish blog posts or other types of content just for the sake of doing so. 

Typically, you’ll be publishing content to meet one of a number of goals, including: 

• To rank on the SERPs. 
• To earn links. 
• To educate an audience. 
• To drive social engagement. 
• To generate leads. 

11 Elements To Optimize Your Blog

When it comes to creating the perfectly optimized page, there’s a simple checklist which you can follow: 

Be Keyword Targeted 

Keyword research should always be the starting point when writing. It’s important to align the content you create with your keyword research. 

Although search engines have been minimizing the importance of keywords signals for a while now, they still play a role in ranking your content in the SERPs. 

The focus is now more than ever on keyword phrases (long-tail phrases) and the skillful use of these phrases in a manner that is appropriate for the way search engine optimization works today. 

This guide will show you the importance of understanding the authority strategy that aligns with E-A-T.

Shorter URLs Are More Search Engine Friendly

As far back as 2008, Google’s Matt Cutts said that a 3 to 5 word URL is optimal and that, with those which are longer, “Google’s algorithms typically will just weight those words less and just not give you as much credit.” 

Specifically, URLs at position #1 on the first page of Google are on average 9.2 characters shorter than URLs that rank in position #10.

Short URLs may improve SEO in terms of a higher organic click-through rate (CTR) as shown in this study that short URLs have a higher CTR vs. long URLs. Also, short URLs may help Google understand what your page is all about.

So shorter URLs have a correlation with higher rankings. The average URL on Google’s first page is 66 characters long. Be sure to also include your main target keyword in the URL. 

 

Optimize Your Title Tag 

The title tag of a page is one of the most important on-page SEO elements, yet one which is so simple to get right. The best place to start when writing an optimized title tag is your target keyword. 

Most title tags on Google’s first page contain keywords that are an exact or partial match of any given search, so it makes sense to describe what your page is about in your title tag.

Title tag optimization

Because your title tag gives the people searching and search engines an overview of your content’s overall topic, it should presumably have a significant impact on rankings as pointed out in the Google SEO Guide.

It appears that a keyword-rich title tag may be a “ticket to entry” that can help you get to the first page. However, once you’re on the first page, using the exact keyword in your title doesn’t appear to help you climb the rankings. 

That’s where other factors like backlinks, Domain Authority, and user experience signals (like bounce rate, time on site, organic click-through-rate) appear to play a large role.

Optimize Your H1 Tag 

Your H1 tag is generally the same as the title or at least has the keywords pertaining to the title. When using the Markethive blogging platform this can be found in the editor at the top along with all the other formats available. 
Optimizing H1 tags

As with title tag optimization, H1s may be a “ticket to entry” factor that can help you crack Google’s first page. But keyword-rich H1s may not be strong enough of a ranking signal to help a page move up the first page results. However, optimizing every aspect of your blog without going overboard can’t hurt.  

 

Target Keyword in the First Paragraph

There is no need to forcefully work your target keyword many times over throughout your entire content. Keyword stuffing is now considered “NOT COOL” and is frowned upon by search engines. 

It is important that you do use your primary keyword within the content, however, it needs to be done so in a natural fashion. It’s recommended that you include this within the first paragraph of content on the page. 
keywords in first paragraph

In the case of our Markethive TV article, this could be done easily by opening with something along the lines of what you see in the image above  Notice how it isn’t forced but fits nicely in the opening paragraph? That’s what you need to aim for. You will also notice I have included internal links using anchor text.

 

Optimize Your H2 Tags 

You’ve already wrapped your page heading in an H1 tag, but you need to also make sure you’re wrapping subheadings in H2 tags (or H3 – 6 if there are headings under other subheadings). 

Think of H tags as a hierarchy, where you’re wrapping the most important title in an H1 and work your way down the page. If all your subheadings contextually carry the same weight, use H2 tags for these. If there are clear sections within these, use H3 and so forth in a logical order. 

Don’t fall into the trap of stuffing your target keyword straight into an H2 tag but include variations that make sense to the content. In this example below, you may open the main body of content, after your H1 tag and introductory paragraph, with this variation.
Optimizing H2 Tags

Here, it’s highlighting clearly the overall theme and keyword focus – Markethive TV – however, there is an obvious variant describing what viewers can expect at present and in the future. Keep H2 tags concise and remember you don’t need to have a keyword variant every time as long as your content flows contextually. 

 

Use Of Images & Video 

The use of images and video within content has a positive impact upon dwell time, or how long someone stays on the page. Also, using video and images, which also includes the likes of infographics and charts, makes content easier to read and consume.

It’s a well-known fact that many of us are able to absorb and understand easier when content is visualized through an infographic or listened to via video. Furthermore, it nicely breaks up the text which can be seen as overwhelming to some readers, especially when it’s a comprehensively long article. 

Notably, writing comprehensive, in-depth content can help pages rank higher in Google, and according to this study when it comes to acquiring backlinks, long-form content significantly outperforms short blog posts and articles. Content longer than 3000 words gets an average of 77.2% more referring domains. 

From an SEO perspective, content that engages users more will have a positive impact upon dwell time. From the perspective of search engines, it makes sense that the longer a user spends consuming content on a site, the more useful it is in comparison to one with a much lower dwell time. 

Just be sure to fully optimize images and embed videos from YouTube, Vimeo, Wistia, or other video hosting and streaming platforms. 
source code embedding videos

 

Outbound Links Do Improve SEO

Not so long ago, SEO professionals were scared to link out to external content. Why? 
The worry of “leaking PageRank.” 

This was based upon a tendency to maintain as much PageRank as possible internally within a website and to avoid linking out. However, from an editorial perspective, that doesn’t make sense. 

Outbound links are one way that people and search engines discover useful content. They are important because they can improve organic traffic, build trust, and even facilitate relationships with other businesses.

Don’t be afraid to link out. If you’re citing a source, go ahead and link to it. It not only helps users to read further into a sub-topic but also allows search engines to better understand relevancy based upon content you’re linking to. 

Derek Gleason at CXL Institute explains how outbound links in your article align with a users-first approach to content, 

“If you really believe that your content marketing is there to benefit your users, I think you have to link to competitor content. They’re the other sites that are most likely to have created authoritative content on topics similar to those you cover. If you feel anxious about doing that, it’s a bit naive. Your users know that competitors exist. They’re going to find their websites one way or another. If anything, a willingness to link to others’ content may even reinforce why you’re the better resource as users know that you’ll give them full, honest answers.”

Just be mindful to link to authoritative sources. Don’t accept money from third-parties to link to their content from your own. Essentially, link to anything that adds value and makes the life of the user easier, so they don’t have to go search out resources themselves.

 

Balance Your Content With Internal Links 

Internally linking through to other key pages on your site is a must. Internal linking is a key way to navigate both users and search engines through your content and help to spread link equity to key pages. 

In the most simplistic form, if you’re mentioning a topic within your content which you have a page or post about, link to it. Don’t be afraid to link using anchor text, either. For example, if content talks about Backlinking and you have a previous relevant article that expands on your topic, by all means, link it, as I’ve done here. 

How many internal links should you add to your content? There’s no hard rule. Don’t go internally linking to anything and everything (and certainly don’t be forcing keywords in just to link), but link where it makes sense, and the target page adds value.

 

Page Speed

Although page speed can be an important factor for the user, and always considered to have a critical impact on digital marketing, and ranking, Backlinko recently analyzed 11.8 million search results to find no correlation between page loading speed (measured by Alexa) and first page Google rankings. However, it’s always best practice to strive for faster page speeds and when it comes to content, image size is a major contributing factor, so it’s important to optimize your images

Social Share Buttons 

Social shares are becoming more of an influence when it comes to search results, and social media profiles do rank in search engines. It’s also important that readers are able to share your content. 

Even if organic search is one of the reasons why you’re creating a piece of content, the end result is that you want eyeballs on it which create your reach and hopefully convert into business.

Social share buttons are located at the bottom of each of your blogs on the Markethive Blogging template which will appear as soon as you hit publish. 

The benefits of Blogcasting

 

In Conclusion

In 2020, it’s time to re-evaluate the quality of content and optimizing content for users rather than search engines. The key to staying successful in search marketing 2020 has been consistent throughout, publish good authoritative content, with consistent brand messaging, in all your channels. 

As the search engines adapt more to natural language understanding, the best-written content in all forms will win out. 

When you create content that is highly useful, engaging, or entertaining, and be seen as reliable enough to your audience that they would willingly return again to your site, or even seek you out above others, you’ve most certainly gained authority.

Users and customers are getting smarter and they expect more when it comes to marketing. The more they trust you, the more they are willing to share your content (links), talk about you (value), and buy your products (revenue).” 

Markethive has built a system on the Blockchain to empower the Entrepreneur, offering privacy, freedom of speech, and importantly, autonomy. Markethive with its numerous plugins, different domains, layouts, content, etc, all feeding from Markethive but feeding into them. 

We could literally have hundreds of thousands of websites all interconnected inside through the Blockchain from the outside having no possible connection, each one producing its own unique content. Some can be ranking really high, others not so much, but all feeding back into Markethive.

As Google evolves into a more humanistic search engine along with its updates, could and has resulted in a disruption of other sites’ and their standing in SEO. This will not affect Markethive, in fact, you could say it’s like trying to kill the Hydra.

Markethive, the company, is focused on providing a Universal type of income for aspiring entrepreneurs. We believe in sharing our resources with you as you build your business and seek to reach your goals. 

There is so much involved in the world of SEO, it can be very intimidating, however, Markethive has got you covered and committing to learn and carrying out the basics outlined here can lead to a fruitful association within the entrepreneurial ecosystem. 

 

Sources: 
https://searchengineland.com/ 
https://www.searchenginejournal.com/
https://backlinko.com/

 

ecosystem for entrepreneurs

 

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals. 

SERIAL INNOVATORS HOLD ALL THE ACES THE DIFFERENT DIMENSIONS OF INNOVATION EXPLAINED

SERIAL INNOVATORS HOLD ALL THE ACES
THE DIFFERENT DIMENSIONS OF INNOVATION EXPLAINED

Did you know a typical S&P 500 company in the 1960s, was estimated to be in business for more than 60 years? But nowadays the average lifespan is only 18 years? In order to survive in today’s rapidly changing world of technology, it’s imperative that companies stay relevant, so it’s become increasingly more important for businesses to be innovative. Innovation is an ongoing priority and the creation of innovation systems to perpetually foster creativity and agility is a purposed and proactive process, however, when done right the benefits for everyone involved can be tremendous. 

Where does this innovation come from? Doblin owned by Deloitte is a company with a focus on innovation, found that after examining over 2,000 business innovations throughout history, most breakthroughs aren’t always new products, startups, or rare discoveries. They observed that innovation can be categorized within a range of 10 distinct dimensions (as shown in the infographic) and applying a combination of these 10 types of innovation has resulted in well-known, long term businesses staying ahead of their competition.

 

What Does Innovation Look Like In Practice

Companies that have been around for years have leveraged each of these 10 types of innovation in the past as well as integrating new technologies to consistently create breakthroughs of new products and services. 

Image adapted from Visual Capitalist

 

Innovation Dimensions 1-4. “CONFIGURATION”

The first four types of innovation (according to Doblin) center around the configuration of the company, and all the work that happens “behind the scenes”. Tesla’s Elon Musk said back in 2016 that “the machine behind the machine” is more important than the product. The point here is that companies with strong innovation draw on the strength of their underlying innovation systems that integrate strategy, ecosystems, development, performance management, and more, making it into one seamless and mutually supportive whole. 

Have you heard the parable about the blind people and the elephant? Each person can feel and describe a part of the animal, but none of them can get a sense of the whole, because elephants are big and so are innovation systems. They are complicated and multifaceted involving people and teams from multiple functions. Innovation systems can’t be a one-hit-wonder. They need to be designed and consistently reworked to deliver the desired level of organic profitable growth. 

An effective innovation system takes time and experience to build, also practice as well as learning from successes and failures is essential. A company needs to reassess and revalidate all the elements of its innovation system which is the “machine that makes the machine”, to ensure that it is delivering maximum value. How a company along with its products and services are organized have a crucial downstream effect and enables innovations in other categories.  

Image adapted from Visual Capitalist

Two of the most interesting examples in the infographic are Google and Markethive. Both companies made internal innovations that empowered both their people and users resulting in further advancements downstream. 

In the case of Markethive, an inbound marketing company since 1996, embraced Blockchain technology 4 years ago addressing privacy issues for the user, cryptocurrency payment solutions, along with incorporating systems and all tools under the Markethive umbrella, required for the complete inbound marketing experience. Being the first Market Network of its caliber there is very little competition that provides users with an opportunity to earn an income within the platform along with their own private endeavors and cottage businesses. 

 

Innovation Dimensions 5-6. “OFFERING” 

People or users are likely to put an emphasis on a company’s offering above all other innovation categories. The way a product performs is important and more important are the improvements to product performance which can be a difficult type of innovation to uphold. A company with a deeply ingrained culture towards innovation with a focus on continual advancements will have a distinct advantage over the competition. 

This is where all dimensions of innovation come into play. Doblin recommends that all companies need to focus on combining multiple areas of innovation together. It creates a much more stable economic moat. 

Image adapted from Visual Capitalist

According to Boston Consulting Group (BCG), Apple is on top of the leaderboard with a reputation for innovation, however, its company’s strategy is underappreciated. Intrinsically, Apple has put a great deal of thought into its ecosystem of products, ensuring they work together flawlessly creating additional utility. It also makes it harder for consumers to switch away from Apple. 

Markethive is also one-stop-shop creating ease of utility for newbie marketers and savvy entrepreneurs. It offers collaboration within the Markethive ecosystem as well as access to various platforms externally that serve a similar purpose. Historically, a leader in the field of inbound marketing, with its proprietary tools, has bundled individual products and services together along with integrating newer technologies to create a robust, scalable system, bringing more value to the user. No need to go anywhere else, it all comes to you. 

 

Innovation Dimensions 7-10. “EXPERIENCE”

The experience innovations are the ones where the users or consumers are most involved. It puts the company in the limelight as innovations in experience all get trialed by the users. It stands to reason that intense care is needed when rolling out these ideas.    

Service innovations enhance the utility, performance, and value of an offering, making the product or service easier to use. Customer engagement innovations are about understanding the aspirations of consumers and users and using those insights to develop meaningful connections between them and the company. 

 

Image from Visual Capitalist

Brand innovations help to ensure that customers and users recognize, remember, and prefer your offerings to those of competitors or substitutes. Great ones infuse a “promise” that attracts users and conveys a distinct identity. Channel innovations encompass all the ways that you connect your company’s offerings with your customers and users.

 

A Collaborative Platform And Ecosystem; A Serial Innovator

More than ever collaboration has become an important part of innovation. Digital technologies enable collaboration platforms that create an ecosystem by bringing a group of organizations to build a new capability, product, or service offering. Ecosystems are dynamic environments and contain lots of varied entities with multiple sources of influence and can offer users a powerful way to build new revenue streams. 

Ecosystems trade in multiple currencies, not all of which are financial, because they exist to create value through collaboration. When an ecosystem wins, the participants and users win as well, always evolving, acquiring new members, and realizing new missions as and when they come to light. 

Markethive has done that by utilizing the Blockchain and cryptocurrency collaborating with high profile coin exchanges, along with upcoming joint ventures to streamline and provide a lucrative platform for all involved. Markethive’s platform is currently live in public Beta with the first of many unique initiatives being the Banner Impressions Exchange. A franchise for Markethive Entrepreneurs and a uniquely innovative, free-market way for all advertisers to gain exposure across many domains with substantial traffic.  

 

Entrepreneurial Collaboration Within The Markethive Ecosystem 

Collaboration is an integral part of the Markethive culture when it comes to user engagement. The first Market Network with a collaborative social media interface offers all the marketing tools, digital media, live training, and tutorials allowing entrepreneurs, marketers, commercial artists, and the novice to aspire and succeed in a fluid, collaborative and nurturing environment. 

Markethive saw a need and what is lacking in the existing stand-alone social and marketing platforms and created a blockchain-driven ecosystem with its own consumer coin. A decentralized platform in which all users’ data is protected which means;

  • compromising users’ data becomes impossible. 
  • A meritocratic system negates being banned or suspended
  • Blogcasting and messaging cannot be tracked across the web

By storing your data, information, activities, and publications across a network of computers, known as data centers, the task of compromising your data becomes literally impossible.

Markethive’s infrastructure also facilitates;

  • A free marketplace where all artists and entrepreneurs can showcase and distribute their products, monetize, and get paid without the fear of reducing or losing their revenue or Markethive account. 
  • Protects the users’ against losses as transactions are done within the Markethive Platform.
  • A complete turnkey financial system within Markethive which enhances economic velocity.
  • A free market media and content publishers with a reach well beyond existing social and market networks. 

All users have the opportunity to increase their brand awareness and financial status within the Markethive Ecosystem while building and monetizing their own private businesses. Coupled with its data centers and plans to deploy a multitude of mining hives distributed globally that will create massive surplus electricity built on a total 100% green energy that supports the core distributed decentralized data-based systems using dWave or quantum computers which utilizes the advanced theoretical technology of multiple parallel universes. 

That core of decentralized dWave database systems has a matrix/network of the blockchain around it. Monitoring, securing, and facilitating the massive database system. As it’s built on a higher generation blockchain that makes it possible to handle large social groups.

 

Conclusion

This is all very Web 3.0 and we are just at the beginning of a monolithic venture of innovation. Markethive’s culture is one of innovation, based on the power of Organic Intelligence (OI); other social and media cultures’ are one of subordination and intrusive Artificial Intelligence (AI). 

The online world where a large portion of the global population now exists is perpetually and rapidly advancing. People’s attitudes are changing with a rebellious nuance as they wake up to the dictatorial and harvesting for profit and control of Web 2.0. Markethive with its divine ethos is on a powerful mission to change this narrative and with its finger on the pulse of innovation will surely make it happen. 

The rise of the entrepreneur and the fall of destructive forces in our social platforms are here now.

The Markethive team is working around the clock on the wallet, KYC protocols, and exchange listings. We have some extremely exciting systems in the making so come to the weekly meetings on Sundays. The link to the meeting room can be found on the Markethive Calendar

 

ecosystem for entrepreneurs

 

References: Visual Capitalist DOBLIN

 

 

 

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals. 

 

 

ARTIFICIAL INTELLIGENCE vs CREATIVITY and the HUMAN CONNECTION in CONTENT MARKETING

ARTIFICIAL INTELLIGENCE vs CREATIVITY and the HUMAN CONNECTION in CONTENT MARKETING

Can we really trust AI to maintain and elevate our business without us in the driver's seat? 

We are now living in a world where we have the most amazing tools and resources to simplify and streamline the process of building a business to leverage our time more than ever. Artificial Intelligence (AI) is now capable of writing content and used to communicate with customers, AI automation can run complete marketing campaigns, so suffice it to say these new technologies can help you create tremendous success in your business and improve your lifestyle. 

Does that mean this technology guarantees exceptional, infallible results for our business? Some will tell you it is, but here’s the thing…

All these modern marketing tools are great and definitely have their place, but consider this; the more AI automated your marketing becomes, the less human it can seem, and that is a big mistake. Will these machines undermine us as a species? Where do we draw the line? 

A Collision Course: AI Marketing, People and Process

Using AI in every aspect of running your business stifles creativity and eliminates trust. Without creativity and a relatable person at the helm, your content, and advertising gets lost in the fiercely competitive market that has evolved today. Importantly, if you are not seen as a human being and be trusted as one, potential customers will look for someone else to do business with. 

With all the different types of marketing at our disposal today, trust is still the key to success. So trust could be considered as the currency of modern marketing and creativity will be the method that builds trust. Creativity is more important than ever because it’s the attribute that separates you from the machines and everyone else.   

Humans are emotional creatures. The biological hardware that produces emotion is millions of years old, and the desire to connect with other people will never leave us. The technology has changed drastically, but we haven't. AI falls short when it comes to creativity, trust, and the human connection. 

 

Creative, Trustworthy, Curation Is A Thing 

For years now it’s been expressed that “content is king” and content marketing, or blogging with an emphasis on original content is a must if you want to build your audience and personal branding. Content marketing is about providing valuable, engaging information to your audience which then puts you in a trusted position to be able to present that audience with your related offer, using messages that lead to the sale. 

You develop an audience by providing unique value to your intended audience and a decade ago, creating lots of high-value content was the way to go, not so much today. In researching the history of all things marketing, particularly online, over the last 2 decades, I learned what used to work in 2008 or even 2016 is not as effective today, given the amount and in some cases, the nature of the content being churned out these days. 

Things have changed, however with change comes opportunity. The saturation of content online has created a new niche in content marketing. A creative, entrepreneurial endeavor to bring more value to your subscribers, an extension if you like. Content is no longer king – The audience is. 

A Shift In Content Marketing

In a world where we now have oodles of content, lots of noise, and for the most part less capacity for attention, people are wanting trusted guides who will connect them with what’s good, what’s important to them, and what’s real instead of fake or poorly researched. They also want content selected by trusted humans, not algorithms. 

People are also looking to trusted sources for what to buy, what to watch, where to travel etc, and in an age where we have overwhelming information and choice, the relevant curation of the work of others (when done right) is the new wave and a great opportunity for entrepreneurs, editors, writers and the like to more easily command an audience. 

Curation is the selection, organization, and presentation of online content, and even products and services, to a specific audience. So if you’re stuck for ideas to create original content consistently, this is now an accepted channel and notably, curators become trusted experts as much (in some cases more) than original content creators. The curation approach is a lot more sophisticated and powerful than most people think.

Curation At HBO

One example is Home Box Office (HBO) which is the oldest paid TV service around, but in light of streaming services like Netflix, Hulu, and Amazon Prime that offer algorithmically driven on-demand platforms, also Disney Plus and Apple TV are making their mark, things have become extremely competitive, so HBO came up with a new segment called “Recommended By Humans”. 

It’s not just a marketing ploy either. Recommended By Humans is a means that provides a colorful canvas you can drag around on your desktop or mobile phone, and features 36 unique video suggestions and over 150 curated recommendations from real HBO fans. They also deliver those recommendations through an email newsletter.

HBO is tapping into the current climate which is definitely pro-human, anti-algorithm, and all for a good reason… because it’s what people now want.

 

The Broader Internet

We all agree the internet is the most powerful source of information ever conceived, but social media has actually reduced knowledge and wisdom given the spurious information and self-serving echo chambers, reinforcing misinformation, and bias. In a world of click-bait, fake news, and “deepfake” videos, smart people are looking for other trustworthy smart people to let them know what’s worth their time and attention. 

The trust component cannot be overstated. With the crushing amount of dubious data and fake news, the world needs more clarity, understanding, and meaning. People need you to separate the wheat from the chaff, the signal from the noise. And that’s why curation is being classed as a viable way to create a meaningful business if done correctly.

Now you may be thinking, why can’t the machines do this for us?  Wouldn’t artificial intelligence and automation be better at this? 

It has been documented that relying on algorithms to “curate” content has been a disaster so far. Facebook is a classic example where the algorithm is the reason for the echo chambers that spread disinformation and put a serious dent in democracy. Albeit these algorithms are manipulated by unscrupulous humans with an agenda to exploit and control other humans, this is not likely to happen if an editorially-focused human is in charge.   

Curation requires very human qualities like communication, empathy, creativity, strategic thinking, questioning, and even dreaming. These are commonly referred to as “soft skills,” and they are the areas that computers can’t handle, but humans excel at.

It comes down to judgment and taste, which are the hallmarks of all great editors and curators. Artificial intelligence doesn’t have those abilities, so we as humans can work alongside machines to do better work than ever. 

In other words, algorithms can aggregate and identify patterns, but they can’t interpret the specific relevance and deeper nuance of an article, podcast, or video lesson to an audience. That’s why people need other people to act as human filters for the technology that editors and curators use to sift through a mountain of information in search of truth and value.

I acquired some very insightful perspectives from Brian Clark, who is a pioneer in content marketing and veteran in the craft of content creation since 1998. He believes that organizing, collecting, preserving, and making sense of our collective knowledge is a critical task facing business and humanity in general, right now and well into the future. Algorithms can do a lot to help, but the “last mile” requires a human filter. 

Although he started off authoring original content with his very successful blogging platforms he has now turned to various forms of curation, saying,

“I got my start with online publishing and digital marketing through email newsletters. And once the fall out from the 2016 election became clear with the manufactured news, devious data capture quizzes, and false narratives, people doing genuine curation looked like geniuses.”
 

Email Marketing – Undisputed Champion

Although we have all the tools at Markethive, such as a blogging and broadcasting platform, subscribing and swiping features, blog cloud, social and digital media platform, email broadcasting and autoresponders, along with ever-increasing traffic and audience, it is email marketing that remains the undisputed champion and 40 times better at converting prospects than social media. 

It’s a way to stay connected and no matter what your preferred marketing approach, getting people on an email list is a priority according to smart bloggers, content marketers, curators, and podcasters. They have realized it is the core of effective marketing. 

So if email is the central key, apart from posting, blogging, and creating content on the Markethive platform, the added advantage of Markethive’s email systems gives you the perfect medium to disseminate your creative and valuable recommendations that are so compelling, your subscribers look forward to receiving your emails. 

Furthermore, curating content, even products, and services, could give you a much stronger value proposition (great for the affiliate marketer). Product and service curation can lead to large amounts of revenue without ever developing products and services of your own.

 

Curated Email Newsletters

When you combine a curation mindset with email, you have a winning audience-building strategy. The success of examples such as The Hustle, theSkimm, Morning Brew, and Dave Pell’s Next Draft are just a few examples of how email newsletters are helping people make sense of the things that are important to them. These examples are merely the pioneers of this mainstream media movement of curation.  

Importantly, these entrepreneurs are creating media brands that can evolve into powerhouses if they so choose and Markethive has all the hallmarks of being just that and more with the entrepreneurs at their individual helms working collaboratively on this extraordinary springboard.

That, combined with Markethive traffic, scaled by automation and optimized with analytics allows you to ascertain valuable insight that guides your business decisions. You are in the driver's seat, not some machine. 

So you as an entrepreneur, freelancer, consultant or other client-services professional will benefit from all the tools and services Markethive delivers now and into the future, whether it be the referral program, subscriber sharing, media coverage, blogcasting to many social media platforms, sponsored articles and guest posting which are all part of your traffic mix and assist in developing your email list. 

On the other hand…

you’ve got the funnel fanatics. Who needs to build a real brand or make a genuine human connection? Just create an automated funnel with a lead magnet and some shady affiliate offers, and watch the cash roll in, especially now that the term AI has come into play. 

I don’t think so. I must agree with Brian Clark when he says,  

“This is just the latest version of the perpetual “Internet Marketing Get That Money!” scam that has been fleecing “get rich quick” folks from the beginning. Most of the people who buy this funnel software never do anything; some create a small side hustle at best.

But then, what happens? The funnel technique of the day stops working. It always does, because tactics don’t last forever, especially online, and strategic brand-building takes the kind of effort that business opportunity seekers seem unwilling to invest in.”

It’s about building lasting brands, about the over-delivering value to the audience, about the foregoing short-term profit in order to build a truly powerful business. Human brands that establish themselves now will be trusted for much longer than it takes for artificial intelligence to greatly improve. And I beg to differ that AI will ever be able to take on the human element. There’s more opportunity now than ever because emerging technology will amplify the creative person, not replace them.

AI and Blockchain

Where AI is really important is in the Blockchain industry. It has had its fair share and suffered high levels of malware, phishing, and other corrupt endeavors such as fraud and scams. 

AI-based cybersecurity systems are designed to identify threats in real-time, understand the nature of the threat, and prevent future attacks by blacklisting its source. This is a great improvement on traditional cybersecurity systems as AI is designed to improve with every threat because of its ability to detect patterns, study them, and become better at dealing with them.
 
This is the real AI and critical to the security and smooth running of any online business, company, or even a platform like Markethive, driven by blockchain, that uses and employs it to discover fake accounts. Also helps to reroute faster processing, removes email that is not deliverable but keeps emails that fail to deliver due to a full inbox issue. So in this sense, it makes Markethive friendlier, and most importantly maintains the human connection.

 

Another Feather In The Cap Of Humanity

So here we have another avenue to explore that will bring more value to the people you serve and bring forth the creative, curative genius in you. A human editor to curate the web, filter out the garbage, rise above the noise to deliver reliable information to people who are drowning in and being driven mad with the mass of disinformation and propaganda. 

That’s not to say we forgo creating original content. We still need and want to write about what truly matters to us and our audience. By curating content that is relevant to our topic connects the points of the larger narrative that matter to your audience and in all probability fills the gaps. Instead of agonizing over what next to write about, if there’s nothing necessary or compelling to address, you simply work on other aspects of your business instead of creating content just for the sake of it.  

Conclusion

The Markethive platform can help you achieve your goals as it’s a multi-dimensional, social organizational integrated system with deep level linking dynamics. Integrating vast social networks reaches, internal social network connections, unlimited interconnected WordPress blogs, and APIs to news sites like NBC, Wired Magazine, Bloomberg, Western journal, and 1000s of others, that will continue to expand due to the power of your own Markethive network and the collaboration of separate Markethive groups all working in union with each other. Now that’s what I call real traffic and is reflected in Markethive’s Alexa rank

Currently, live in Beta, Markethive is the world’s first Market Network with a social media interface built on the blockchain. This is the next-gen of all things from the past where all the marketing tools are free to use. 

We are moving closer to the release of the Apprentice membership which is designed for the masses and will allow users to take advantage of more services, increasing the ability and potential to earn a substantial income by just being active on the platform. After we launch the Apprentice program our attention then focuses on delivering the Markethive wallet app along with KYC.
 
Markethive is transparent from the ground up and dedicated to upholding users’ privacy, autonomy and free speech which correlates perfectly with entrepreneurs who wish to use the art of curation “clean up” the web, so to speak, thereby giving a much-needed service to the people exposed to overwhelming, contradictory content, victims of tyrannical tech giants and fraudulent scams. It’s an absolute jungle out there! 

Markethive is Not Just About IDEAS. It’s About Making Ideas HAPPEN!

 

ecosystem for entrepreneurs

 

 

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals. 

 

ARTIFICIAL INTELLIGENCE vs CREATIVITY and HUMAN CONNECTION in CONTENT MARKETING

ARTIFICIAL INTELLIGENCE vs CREATIVITY and the HUMAN CONNECTION in CONTENT MARKETING

Can we really trust AI to maintain and elevate our business without us in the driver's seat? 

We are now living in a world where we have the most amazing tools and resources to simplify and streamline the process of building a business to leverage our time more than ever. Artificial Intelligence (AI) is now capable of writing content and used to communicate with customers, AI automation can run complete marketing campaigns, so suffice it to say these new technologies can help you create tremendous success in your business and improve your lifestyle. 

Does that mean this technology guarantees exceptional, infallible results for our business? Some will tell you it is, but here’s the thing…

All these modern marketing tools are great and definitely have their place, but consider this; the more AI automated your marketing becomes, the less human it can seem, and that is a big mistake. Will these machines undermine us as a species? Where do we draw the line? 

A Collision Course: AI Marketing, People and Process

Using AI in every aspect of running your business stifles creativity and eliminates trust. Without creativity and a relatable person at the helm, your content, and advertising gets lost in the fiercely competitive market that has evolved today. Importantly, if you are not seen as a human being and be trusted as one, potential customers will look for someone else to do business with. 

With all the different types of marketing at our disposal today, trust is still the key to success. So trust could be considered as the currency of modern marketing and creativity will be the method that builds trust. Creativity is more important than ever because it’s the attribute that separates you from the machines and everyone else.   

Humans are emotional creatures. The biological hardware that produces emotion is millions of years old, and the desire to connect with other people will never leave us. The technology has changed drastically, but we haven't. AI falls short when it comes to creativity, trust, and the human connection. 

 

Creative, Trustworthy, Curation Is A Thing 

For years now it’s been expressed that “content is king” and content marketing, or blogging with an emphasis on original content is a must if you want to build your audience and personal branding. Content marketing is about providing valuable, engaging information to your audience which then puts you in a trusted position to be able to present that audience with your related offer, using messages that lead to the sale. 

You develop an audience by providing unique value to your intended audience and a decade ago, creating lots of high-value content was the way to go, not so much today. In researching the history of all things marketing, particularly online, over the last 2 decades, I learned what used to work in 2008 or even 2016 is not as effective today, given the amount and in some cases, the nature of the content being churned out these days. 

Things have changed, however with change comes opportunity. The saturation of content online has created a new niche in content marketing. A creative, entrepreneurial endeavor to bring more value to your subscribers, an extension if you like. Content is no longer king – The audience is. 

A Shift In Content Marketing

In a world where we now have oodles of content, lots of noise, and for the most part less capacity for attention, people are wanting trusted guides who will connect them with what’s good, what’s important to them, and what’s real instead of fake or poorly researched. They also want content selected by trusted humans, not algorithms. 

People are also looking to trusted sources for what to buy, what to watch, where to travel etc, and in an age where we have overwhelming information and choice, the relevant curation of the work of others (when done right) is the new wave and a great opportunity for entrepreneurs, editors, writers and the like to more easily command an audience. 

Curation is the selection, organization, and presentation of online content, and even products and services, to a specific audience. So if you’re stuck for ideas to create original content consistently, this is now an accepted channel and notably, curators become trusted experts as much (in some cases more) than original content creators. The curation approach is a lot more sophisticated and powerful than most people think.

Curation At HBO

One example is Home Box Office (HBO) which is the oldest paid TV service around, but in light of streaming services like Netflix, Hulu, and Amazon Prime that offer algorithmically driven on-demand platforms, also Disney Plus and Apple TV are making their mark, things have become extremely competitive, so HBO came up with a new segment called “Recommended By Humans”. 

It’s not just a marketing ploy either. Recommended By Humans is a means that provides a colorful canvas you can drag around on your desktop or mobile phone, and features 36 unique video suggestions and over 150 curated recommendations from real HBO fans. They also deliver those recommendations through an email newsletter.

HBO is tapping into the current climate which is definitely pro-human, anti-algorithm, and all for a good reason… because it’s what people now want.

 

The Broader Internet

We all agree the internet is the most powerful source of information ever conceived, but social media has actually reduced knowledge and wisdom given the spurious information and self-serving echo chambers, reinforcing misinformation, and bias. In a world of click-bait, fake news, and “deepfake” videos, smart people are looking for other trustworthy smart people to let them know what’s worth their time and attention. 

The trust component cannot be overstated. With the crushing amount of dubious data and fake news, the world needs more clarity, understanding, and meaning. People need you to separate the wheat from the chaff, the signal from the noise. And that’s why curation is being classed as a viable way to create a meaningful business if done correctly.

Now you may be thinking, why can’t the machines do this for us?  Wouldn’t artificial intelligence and automation be better at this? 

It has been documented that relying on algorithms to “curate” content has been a disaster so far. Facebook is a classic example where the algorithm is the reason for the echo chambers that spread disinformation and put a serious dent in democracy. Albeit these algorithms are manipulated by unscrupulous humans with an agenda to exploit and control other humans, this is not likely to happen if an editorially-focused human is in charge.   

Curation requires very human qualities like communication, empathy, creativity, strategic thinking, questioning, and even dreaming. These are commonly referred to as “soft skills,” and they are the areas that computers can’t handle, but humans excel at.

It comes down to judgment and taste, which are the hallmarks of all great editors and curators. Artificial intelligence doesn’t have those abilities, so we as humans can work alongside machines to do better work than ever. 

In other words, algorithms can aggregate and identify patterns, but they can’t interpret the specific relevance and deeper nuance of an article, podcast, or video lesson to an audience. That’s why people need other people to act as human filters for the technology that editors and curators use to sift through a mountain of information in search of truth and value.

I acquired some very insightful perspectives from Brian Clark, who is a pioneer in content marketing and veteran in the craft of content creation since 1998. He believes that organizing, collecting, preserving, and making sense of our collective knowledge is a critical task facing business and humanity in general, right now and well into the future. Algorithms can do a lot to help, but the “last mile” requires a human filter. 

Although he started off authoring original content with his very successful blogging platforms he has now turned to various forms of curation, saying,

“I got my start with online publishing and digital marketing through email newsletters. And once the fall out from the 2016 election became clear with the manufactured news, devious data capture quizzes, and false narratives, people doing genuine curation looked like geniuses.”
 

Email Marketing – Undisputed Champion

Although we have all the tools at Markethive, such as a blogging and broadcasting platform, subscribing and swiping features, blog cloud, social and digital media platform, email broadcasting and autoresponders, along with ever-increasing traffic and audience, it is email marketing that remains the undisputed champion and 40 times better at converting prospects than social media. 

It’s a way to stay connected and no matter what your preferred marketing approach, getting people on an email list is a priority according to smart bloggers, content marketers, curators, and podcasters. They have realized it is the core of effective marketing. 

So if email is the central key, apart from posting, blogging, and creating content on the Markethive platform, the added advantage of Markethive’s email systems gives you the perfect medium to disseminate your creative and valuable recommendations that are so compelling, your subscribers look forward to receiving your emails. 

Furthermore, curating content, even products, and services, could give you a much stronger value proposition (great for the affiliate marketer). Product and service curation can lead to large amounts of revenue without ever developing products and services of your own.

 

Curated Email Newsletters

When you combine a curation mindset with email, you have a winning audience-building strategy. The success of examples such as The Hustle, theSkimm, Morning Brew, and Dave Pell’s Next Draft are just a few examples of how email newsletters are helping people make sense of the things that are important to them. These examples are merely the pioneers of this mainstream media movement of curation.  

Importantly, these entrepreneurs are creating media brands that can evolve into powerhouses if they so choose and Markethive has all the hallmarks of being just that and more with the entrepreneurs at their individual helms working collaboratively on this extraordinary springboard.

That, combined with Markethive traffic, scaled by automation and optimized with analytics allows you to ascertain valuable insight that guides your business decisions. You are in the driver's seat, not some machine. 

So you as an entrepreneur, freelancer, consultant or other client-services professional will benefit from all the tools and services Markethive delivers now and into the future, whether it be the referral program, subscriber sharing, media coverage, blogcasting to many social media platforms, sponsored articles and guest posting which are all part of your traffic mix and assist in developing your email list. 

On the other hand…

you’ve got the funnel fanatics. Who needs to build a real brand or make a genuine human connection? Just create an automated funnel with a lead magnet and some shady affiliate offers, and watch the cash roll in, especially now that the term AI has come into play. 

I don’t think so. I must agree with Brian Clark when he says,  

“This is just the latest version of the perpetual “Internet Marketing Get That Money!” scam that has been fleecing “get rich quick” folks from the beginning. Most of the people who buy this funnel software never do anything; some create a small side hustle at best.

But then, what happens? The funnel technique of the day stops working. It always does, because tactics don’t last forever, especially online, and strategic brand-building takes the kind of effort that business opportunity seekers seem unwilling to invest in.”

It’s about building lasting brands, about the over-delivering value to the audience, about the foregoing short-term profit in order to build a truly powerful business. Human brands that establish themselves now will be trusted for much longer than it takes for artificial intelligence to greatly improve. And I beg to differ that AI will ever be able to take on the human element. There’s more opportunity now than ever because emerging technology will amplify the creative person, not replace them.

AI and Blockchain

Where AI is really important is in the Blockchain industry. It has had its fair share and suffered high levels of malware, phishing, and other corrupt endeavors such as fraud and scams. 

AI-based cybersecurity systems are designed to identify threats in real-time, understand the nature of the threat, and prevent future attacks by blacklisting its source. This is a great improvement on traditional cybersecurity systems as AI is designed to improve with every threat because of its ability to detect patterns, study them, and become better at dealing with them.
 
This is the real AI and critical to the security and smooth running of any online business, company, or even a platform like Markethive, driven by blockchain, that uses and employs it to discover fake accounts. Also helps to reroute faster processing, removes email that is not deliverable but keeps emails that fail to deliver due to a full inbox issue. So in this sense, it makes Markethive friendlier, and most importantly maintains the human connection.

 

Another Feather In The Cap Of Humanity

So here we have another avenue to explore that will bring more value to the people you serve and bring forth the creative, curative genius in you. A human editor to curate the web, filter out the garbage, rise above the noise to deliver reliable information to people who are drowning in and being driven mad with the mass of disinformation and propaganda. 

That’s not to say we forgo creating original content. We still need and want to write about what truly matters to us and our audience. By curating content that is relevant to our topic connects the points of the larger narrative that matter to your audience and in all probability fills the gaps. Instead of agonizing over what next to write about, if there’s nothing necessary or compelling to address, you simply work on other aspects of your business instead of creating content just for the sake of it.  

Conclusion

The Markethive platform can help you achieve your goals as it’s a multi-dimensional, social organizational integrated system with deep level linking dynamics. Integrating vast social networks reaches, internal social network connections, unlimited interconnected WordPress blogs, and APIs to news sites like NBC, Wired Magazine, Bloomberg, Western journal, and 1000s of others, that will continue to expand due to the power of your own Markethive network and the collaboration of separate Markethive groups all working in union with each other. Now that’s what I call real traffic and is reflected in Markethive’s Alexa rank

Currently, live in Beta, Markethive is the world’s first Market Network with a social media interface built on the blockchain. This is the next-gen of all things from the past where all the marketing tools are free to use. 

We are moving closer to the release of the Apprentice membership which is designed for the masses and will allow users to take advantage of more services, increasing the ability and potential to earn a substantial income by just being active on the platform. After we launch the Apprentice program our attention then focuses on delivering the Markethive wallet app along with KYC.
 
Markethive is transparent from the ground up and dedicated to upholding users’ privacy, autonomy and free speech which correlates perfectly with entrepreneurs who wish to use the art of curation “clean up” the web, so to speak, thereby giving a much-needed service to the people exposed to overwhelming, contradictory content, victims of tyrannical tech giants and fraudulent scams. It’s an absolute jungle out there! 

Markethive is Not Just About IDEAS. It’s About Making Ideas HAPPEN!

 

ecosystem for entrepreneurs

 

 

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals. 

 

Introducing MARKETHIVE TV – Now LIVE on ROKU and AMAZON FIRE TV

Introducing MARKETHIVE TV – Now LIVE on ROKU and AMAZON FIRE TV

In the last week of July 2020, Markethive TV launched and is now live on Roku TV and Amazon Fire TV which is just one of many joint ventures Markethive.com, the Social Market Network is working on collaboratively with the facilitator, Greg Hoyt, a significant investor in Markethive. 
 
This is a great opportunity for the continued growth of Markethive as more people are cutting the cord and canceling their subscriptions to cable and satellite TV. As of March 13, 2020, Roku TV has 39.8 million active users, while Amazon Fire TV has just surpassed 40 million. This by enlarge is because, while Roku has been popular in the USA, Amazon Fire TV sticks have shipped globally. These numbers are increasing in light of the pandemic as more people are at home either streaming for entertainment or looking for opportunities to work from home to replace the income they may have lost. 

What does this mean for Markethive? Through the Markethive TV portal with its valuable content means more people on a medium other than social media and advertising platforms, has exposure to Markethive, so it’s a whole new market being introduced to the Markethive social market platform, for entrepreneurs, artists, crypto enthusiasts, hobbyists, in fact, anyone looking to share and be part of an online community. 

 

Current And Future Programming On Markethive TV 

Currently, the Markethive TV channel consists of numerous videos, historic in nature, dating back to its inception and a great way to learn about Markethive, its mission, and values along with the all-encompassing platform that is the next generation in social media, automated inbound marketing, digital media broadcasting, ecommerce and a very accessible platform that drives a newly defined cottage industry in the online marketing world run by the community and tailored for the community. 

The direction in which Markethive TV plans to go would be the development of a live segment on the channel of interviews with industry experts about topics relevant to Markethive, Blockchain, Cryptocurrency, and anything that would be of interest to Markethive subscribers, along with educational and up to date news stories. 

Ultimately there would be a host or even multiple hosts for the different interests and topics that will allow Markethive TV to bring interesting and valuable information to the viewers. A very important component is the ability for all Markethivers to contribute to the channel, by supporting, viewing, and positively rating it.

Accelerating Markethive’s Growth And Ultimate Goals 

Markethive TV will help accelerate the growth of Markethive, the social market network platform and realize its goals including economic growth for its ILP holders. Furthermore, to expand and implement a globally distributed system with its mining hives creating a decentralized force that cannot be shut down resulting in a safe and secure haven for the Markethive community.  

When people realize that there is an organization, culture, and system that will give them what they need to be able to achieve financial sovereignty such as Markethive, (meaning we are not dependent upon governments or financial structures that oppress communities and Society in general), Markethive’s growth will be exponential and lead us to 1000’s of hybrid hive farms cultivating Medicinal Marijuana and producing or mining coins. 


 
The Architecture Of The Mining Hives

A simple explanation from CEO and Founder of Markethive, Thomas Prendergast explaining how Markethive will become an untouchable force; 

A server and farm at the bottom of the building, the second story is a greenhouse. The greenhouse is producing electricity to feed the servers below. The servers are producing the heat which in turn produces coin and at the core of all that is our Quantum dWave computer as one of the many decentralized database systems that are operated, controlled and protected by the blockchain of our wallet, meaning Markethives presence will be in every nook and cranny in the world and we will be spread out and decentralized along with many projects that will inspire and improve the world. 

Initially, 3 Data centers will work in conjunction with our wallet on the blockchain and will be part of managing our distributed database. Eventually, Markethive will have 10,000+ data centers spread out globally in our mining hive facilities so the entire system will run off the closest data center to you but all interconnected, all updating themselves and all managed by blockchain. This is a substantial technological advancement with no other company doing it presently. 

In a recent interview with Greg Hoyt, who is heading the Markethive TV venture, expressed,

“ My primary desire for Markethive TV is to expose as many people from all around the world as possible to Markethive and bring them into the fold so that they may take this journey with us. They may be people who don’t even realize yet that they want to be entrepreneurs, like people looking to quit their job or find themselves in a position where they need to find a reliable platform online that will help them produce an income.

We are in a rudimentary stage of development at this stage, but as we move forward, with new valuable content, live interviews, etc, anybody who comes across the channel will have the ability to join us at Markethive. The sky's the limit. For now, if we could get everyone in Markethive to tune in and rate our channel, will be a huge step forward.”

Cutting The Cord From Cable And Satellite TV 

Numbers are continually increasing of people purchasing a streaming device and subscribing to a streaming service rather than pay for cable TV. Labeled cord-cutting, and once seen as a revolutionary shift, has become commonplace. The top reasons for an OTT media service are to gain access to original programming (57%) and avoiding advertising (44%). 

The cord-cutting revolution isn’t slowing down anytime soon, in fact, it’s gaining traction with older audiences as 28% of consumers over 50 years old don’t pay for traditional TV service, and 61% get TV content from online sources, which is up more than 27% in two years. The proportion of Internet users watching videos online has grown from 45 percent in 2013 to 70 percent in 2017, and now 90% of consumers are tapping into their preferred content over the internet and unleashing their power of choice.

Apple TV (which launched November 1st, 2019 worldwide) and Google Chromecast are two more streaming services and are in the sights of Greg Hoyt with the potential to add the Markethive TV channel in the future. As more and more people move over from cable to streaming services, this puts Markethive TV right at the forefront of what’s happening in the industry. 

Basic Thru To High-End Streaming Devices Available 

Roku has been around for years and one of the first heavily advertised streaming devices that keep reappearing every year as one of the dominant ways to cut the cord. Roku Express is rated as the best for beginners and with fast, HD streaming, not 4K, which is excellent for lower bandwidth or slower WiFi internet services.

Roku Ultra streaming media player is America’s #1 streaming platform, based on hours streamed. The most powerful and feature-packed media player that streams HD/4K/HDR
Ultimate connectivity with dual-band wireless and an ethernet port. Voice remote with buttons for TV power and volume. Plus, lost remote finder and a headphone jack for private listening with included premium JBL headphones.
 
Amazon Fire TV Stick is another basic device for beginners, It’s simple to set up with a quad-core processor,  as well as 8 GB of storage and 1 GB of memory for apps and games that allows for fast streaming. 

The latest device from Amazon is the Fire TV Stick 4K which has Alexa built-in including voice remote, Ultra HD, and Dolby Vision. According to Amazon, it is the most powerful Ultra 4K streaming stick they make. You will need a faster level of bandwidth and WiFi to support HD picture quality.

Google Chromecast is a cheap and easy way to stream video content right to your TV and also enables you to share your phone or laptop's screen directly onto your TV. With a Chromecast, you have a fast path to bring Netflix, YouTube, Hulu, and many more services straight to the biggest screen in your house. 

Apple TV, very powerful, but pricey has 4K and HD boxes that feature the latest technology. creating a crisper picture using four times more pixels than a standard HD along with Dolby Atmos sound, along with 32GB of storage. 

The more hi-end streaming devices are the Fire TV Cube, Apple TV, and Google Chromecast Ultra with all the characteristics of the Roku Ultra and Amazon Fire Stick 4K and then some but are almost double in price. Depending on your requirements, the basic devices are often enough for the average user.

The Difference Between Paid Subscription Streaming Services and Devices

Netflix and Amazon Prime TV among many others are a more commercial, mainstream service where you can access movies and popular shows based around entertainment. The hardware like the Roku Express and Amazon Fire Stick are the devices that give you access to these streaming services and are a one-time purchase. As long as you have a wi-fi connection, you can browse the internet and have access to other video streaming apps. You do not need a paid service like Amazon Prime to use the Fire Stick.

What’s The Next Step? 

To access Markethive TV, you'll need to get the app devices (sticks), which you can get online from Amazon, Walmart, or the type of stores that specializes in electronics. Also, Greg Hoyt has created a banner ad where you can order the Roku or Fire Stick devices, so click on the banner at the bottom to order yours. Each app requires its own device. Notably, with Amazon Fire TV, you may need to search for Markethive TV under "APPS" rather than in the regular TV & movie sections.

To help bring Markethive TV into the limelight we would like as many Markethive entrepreneurs as possible to participate in promoting the channel in the Markethive newsfeed to create momentum so that the 1000’s of new members joining every day are aware of this venture. 

Then, go to Markethive TV on Roku or Amazon Fire TV (or both) and rate the channel after watching about 10 minutes of the content. The more consistent viewers and ratings the Markethive TV channel receives and the greater the audience gives a better chance of Markethive TV being displayed on a viewer’s TV screen as opposed to having to search for the channel to view it. 

One of many Markethivers who rated Markethive TV had this to say,

“I loaded it on my Firestick today. The videos look great in true HD. Gave the app 5 stars on Amazon, and then some. Thanks for all the hard work on the app. Very well done.”

As Greg says,

“The timing coincides nicely with the efforts of Thomas and the rest of the team, as Markethive continues its strong growth, along with the remarkable Alexa Ranking, Markethive TV will be adding to that momentum.”

Conclusion

Markethive, delivering a blockchain-driven Market Network for Entrepreneurs with a cryptocurrency ecosystem, integrated with an inbound marketing tools platform, multiple ecommerce tool platforms with blog broadcasting from members and staff writers delivering the latest news, insights, and analysis from 100,000s of bloggers and journalists from many industries. Now we have Markethive TV live on Roku and Amazon Fire streaming networks on a mission to deliver Markethive to a new level and market, creating an even more widespread reach illuminating the platform that has been built for the people, by the people, and of the people. 

 

 

 

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals. 

 

 

HACKS CENSURE CENSORSHIP IS RIFE – DECENTRALIZED SOCIAL MEDIA ARISING TO COUNTER CHAOTIC MAINSTREAM MEDIA

HACKS, CENSURE, CENSORSHIP IS RIFE – DECENTRALIZED SOCIAL MEDIA ARISING TO COUNTER CHAOTIC MAINSTREAM MEDIA

July 15th, 2020 will most likely go down in history as one of the worst days for Twitter in its 14-year reign as the platform that everybody who’s anybody has an active profile and trusts that their account is secure. It is known as the political discussion platform that world leaders use among other high-profile celebrities and apart from Twitter using its power to effectively flag and censor content they deem disinformation or not acceptable by their standards, it seems hackers can also mess with the accounts.   

An overwhelming hack that was reportedly taking advantage of internal tools by convincing a Twitter employee to assist in the hijacking of many high-profile accounts which enabled the hackers to take control and solicit Bitcoin donations. Among compromised accounts were those of U.S. presidential candidate Joe Biden, former U.S. President Barack Obama, Google, Apple, Warren Buffett, Elon Musk, Kanye, and Kim West along with many well-known people in the crypto space. 

The scale of the attack was enormous but apparently the financial reward was minimal. These hackers brought a $28 billion company to its knees but it seems they only collected a trifling $120,000 in Bitcoin. 

Twitter’s reputation is the real casualty as the impacts are multifold. It’s now evident the hackers had access to private communications for the accounts they penetrated and could’ve been used for much more destructive nature than just scamming crypto. Nevertheless, high-profile accounts were embarrassed, associated with scammers, and locked out of their account, regardless of any security measures they may have taken.  

Given the nature and standing of the users, it’s a mystery how and why it’s even possible for Twitter employees to usurp any account on the platform. While hacks of centralized services are quite common these days, they are rarely broadcasted in such a direct, explosive manner in real-time. 

This period of chaos and confusion went on for several hours and the hits on more accounts continued. Twitter’s response was slow and disorderly and although they must’ve been aware of what was happening, they were either unable or unwilling to shut down the platform during the pandemonium. If the report from vice.com Motherboard is accurate regarding the hackers having assistance from a Twitter employee on the inside, it makes Twitter’s controls look exceptionally weak. 

Accidental Reveal

Furthermore leaked screenshots revealed more information about Twitter’s secretive abilities to control accounts and narratives on the site. This is most damning as it is evidence that Twitter is aggressively deleting from the site and contains such keywords as ‘trends blacklist’ and ‘search blacklist’ which seems to show that Twitter does exercise some editorial bias at what content receives algorithmic boosting and what doesn’t.

This accidental reveal of Twitter’s deboosting tools will strengthen the critics’ view that Twitter is a partisan, editorializing service rather than the neutral one it claims to be. It has also been aggressively pursuing more controls alongside algorithmic, rather than chronological timelines. 

Fact-checking handled by the Moments team at Twitter is a bone of contention. It’s a challenge in areas like science and medicine, where respected authorities enforce established standards of knowledge, but it’s almost impossible in politics.

For instance, flagging President Trump’s Tweets was gutsy but seen as clumsy and although they may be experts on compiling social media posts arranging them into a narrative, it hardly qualifies them as master arbiters of truth.

Plus there’s more direct intervention in trending topics and when you consider that all of these measures make up an arsenal to control speech, it seems the perfect juncture for an autocratic oligarch to censure any discourse involving influential people. 

 

Time To Move On

We’ve come a long way since the first video of a day at the zoo on YouTube, another tech giant receiving bad press for its censorship, which has escalated into class-action lawsuits. What started out as a novel way to communicate, find friends, and deemed as “fun”, is now hazardous to our health, wellbeing, and privacy, even livelihood. 

We have been subject to numerous breaches of trust, and control by the centralized big tech platforms that have become commercialized and overtly politicized, and therefore intervene in political disputes by de-boosting particular topics and also selectively banning individuals, in some cases companies with a concept, idea or technology that threatens the status quo. 

There is growing unrest among users on these platforms that have an established model of total control, including ownership of all users’ content which retains the discretion to both monetize or “cash in” on user-contributed content and kick users off the platform for any reason.

Property rights of users’ content creation should extend to these social media platforms, however, given the current balance of power between the users and platforms, it’s not likely to happen within the current crop internet oligarchs still in the centralized Web 2.0 era. 

Instead, we are seeing a number of social media and video platforms that are censorship-resistant with a focus on privacy emerging.

 


Snapshot of LBRY.TV homepage

LBRY.TV, a video-sharing platform is decentralized with its neutral protocol that allows anyone to post content without reprisal, and stores this information on an immutable blockchain. According to CEO, Jeremy Kauffman, every time a crypto personality gets banned from a big tech platform LBRY has an influx of new users. He says, 

 “If platforms want to make the error of enforcing their political biases on their users, let the free market provide competitors like LBRY that make this problem obsolete. Innovations like LBRY make it so that the interference of Twitter and YouTube is technologically impossible.” 

Notably, LBRY specifies the wanton power to censor and deplatform that centralized platforms apply is one of its motivations for being here and is experiencing positive growth.

 


Snapshot of Minds.com newsfeed

MINDS.COM is a blogging platform that emphasizes its minimization of privacy concerns and self-described as a free “crypto social network” that upholds internet freedom. Founder and CEO, Bill Ottman aims to provide a spying free alternative to mainstream social media and pointed out that surveillance by default with little transparency into how a user’s data is used and sold. He says,

“The growth is typically a direct result of scandals with mainstream media platforms. Every day there’s a new scandal. People are looking for alternatives and want to diversify … The trend is towards open source. We’ve seen this happen in other areas already.”

The Minds platform has plans to add several new features this year and is researching the possibility of a decentralized reputation system. Meanwhile, its growth continues as it is currently trying to attract users from India where the government has banned 59 Chinese apps at the end of June this year. 

Necessity Is The Mother Of Invention

Since working and earning a living from home particularly online-based has become more popular and seen as a necessity in a growing number of cases, there is a platform focused on developing a complete self-sovereign ecosystem for the entrepreneur of all niches and individuals from all walks of life at any level of expertise. It does not discriminate. 

 


Snapshot of Markethive.com newsfeed

MARKETHIVE.COM is the not-so-vertical social market network media broadcasting platform that encompasses all facets of inbound marketing and digital media, built on the blockchain and takes privacy, transparency, censorship, and the ability for users to attain financial freedom very seriously. 

With a built-in newsfeed and messaging system enabling users to collaborate, along with a philosophy, in which users can freely associate and disassociate with – but not ban – other accounts, allows for the coexistence of mutually acrimonious individuals without relying on censorship from management. 

Founder and CEO, Thomas Prendergast says Markethive is a sanctuary to the millions who struggle. Markethive is just getting started. People have been making money with Markethive for years as an inbound marketing platform and saving money from tools that elsewhere would cost a lot of money. Today it has evolved into so much more including storefronts enabling the users to establish or participate in cottage businesses under the Markethive umbrella. He says,

“Markethive is a philanthropic endeavor. To give, not take, to help not exploit. Markethive is a vision with a mission – To empower and bring prosperity to every living soul with a purpose…even if that purpose is only to be free from the shackles of the Social Media tyranny we all face.” 

Still, in BETA, the continuous growth of Markethive is noteworthy as all aspects of the free inbound marketing systems are currently operational along with the micropayment faucet system and airdrops, with the release of the wallets and messenger app just around the corner. Markethive is also preparing for its video platform, conference hub, and ecommerce APIs, along with numerous loyalty programs.

The image below is a comparison chart of leading platforms in the industry and what they offer.

Problem Solved 

Each of these platforms has a monetary incentive in the form of their own cryptocurrency with its primary purpose to free and empower the people and with the politicization of Facebook, Google, and other social media giants, Web 3.0 with crypto is a sign of the times upon us. 

Although there is pressure on the tech giants from critics to stop their behavior and implement some form of decentralization, many say this would not be an easy task and not likely to happen. Even if they did, the way they behave in so many other ways is questionable. 

It has become evident that the solution to an overbearing problem is a social internet built on a decentralized blockchain where users can own and operate without the risk of losing their fundamental right to free speech, sovereignty with a capacity to prosper on all levels. 

This is a new era with the evolution of technology and the next generation. What would be even better is if these stand-alone vertical platforms work towards becoming interoperable thereby creating a collaborative network across the internet.

 

ecosystem for entrepreneurs

 

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals. 

 

 

 

 

 

 

JOHN MCAFEE – A LIVING LEGEND NOW GHOST

JOHN MCAFEE – A LIVING LEGEND NOW “GHOST”

John McAfee, founder of McAfee Associates and developer of the first antivirus software would have to be one of the most fascinating characters, principled but arguably has a unique set of values and jawdropping life experiences. In the eyes of some, he is a legend, for others, the most controversial figure that speaks his mind fervently. 

McAfee has had an eventful working life starting out as a door to door salesman, progressing to silicon valley working for numerous tech companies, and a software developer and cryptanalyst, with his biggest claim to fame being McAfee Software, among other things. With a fascinating life comes fascinating anecdotes, very outspoken, nothing is off-limits, and now an avid cryptocurrency supporter with a focus on privacy, not only talking about it but doing something about it

His life has also been filled with substance abuse, numerous lawsuits, and arrests including being involved and wanted for questioning in the murder of his neighbor in Belize in 2012. McAfee has incarcerated 21 times in 11 countries, albeit for non-violent crimes, always finding a loophole with the aid of his lawyers resulting in his release. On two occasions he faked a heart attack and a stroke to buy time for his defense. This guy is a regular Houdini.

McAfee tweets,

“My life has consisted of a series of close calls. Authorities call me "Slippery". I don't know. I only know that I will answer only to God. Not to man.”

Running For POTUS Twice – Why Not? 

In September 2015 he decided to start a new political party called The Cyber Party. He also ran for President in 2016, attempting to join the Libertarian Party, but he failed to win the nomination, with New Mexico Governor Gary Johnson winning it instead. 

With over a million followers on Twitter and just because he can, McAfee announced on June 3, 2018, via Twitter that he would run for president again in 2020, either with the Libertarian Party or under the banner of a party of his own creation. 

On January 22, 2019, McAfee announced that he would be continuing his campaign "in exile", following reports that he, his wife, and four of his campaign staff were being indicted for tax-related felonies by the IRS. McAfee indicated that he was in "international waters in his untraceable cage”

On March 4, 2020, McAfee ended his presidential campaign and endorsed Vermin Supreme, as he decided to run for the 2020 Libertarian Party vice-presidential race. The next day, McAfee tweeted that he was re-entering the 2020 Libertarian presidential primary after none of the other Libertarian candidates would “accept  him as their VP running mate.” At the 2020 Libertarian National Convention, McAfee was not nominated for president or vice-president.

In April, McAfee announced that he would be the running mate of Adam Kokesh, a competitor for the nomination, and also endorsed him for president, even though McAfee decided to continue his campaign for the presidency.

In May, Jo Jorgensen was nominated at the 2020 Libertarian National Convention, thus suspending McAfee's campaign.

The Reality

Too crazy to be elected, too rare to not be considered. The reality is McAfee doesn’t want the top job although he says would enjoy causing a stink and embarrassing the candidates on stage in the debates. He will also continue to challenge and debate on his Twitter feed. At his first AMA with the Libertarian Party, he says he does not consider himself a top presidential candidate, saying,

“I don’t want to be president. Who wants that job? We have bigger problems, people. The presidents’ lost their power back in 1960 and today they are called transients by the real manipulators and influencers who are the departments and agencies like the CIA filled with career people at the highest level who never retire…]” 

In addition to that, he says

“manipulation and influence have become institutionalized in our government”. Please people, if anybody out there thinks that I especially can ever be president of the United States, move, please, out of your mother’s basement and see the real world”. 

He goes on to explain what we as a nation can do. We can change the hearts, the minds, and the perceptions of the American public if we are realistic. Anyone can run for president and deservedly be in the spotlight but for a Libertarian to actually win the election, in a predominantly two-party preferred race it’s not realistic.   

“Victory is not winning the presidency, victory is being true to your beliefs and acting as you believe and letting the world see that. Please God, let us be real in this election”. 

  

Staying One Step Ahead Of The Feds

McAfee has been on the run from the US government for alleged charges of tax evasion narrowingly escaping arrest on several occasions. He admits he hasn’t paid income tax for 11 years, and the government actually ignored him for 8 of those years, until he was discovered giving talks about how to avoid paying income tax. In an interview with news.bitcoin.com, John McAfee believes and states,

“I’ve already paid over $50 million in taxes in my lifetime. I have not received $50 million in services. If anything I should be the one asking for a f*****g refund.”

He goes on to say that not filing a tax return is not an offense, but not being truthful about the ones you do submit is. McAfee has not filed a tax return and believes his arrest would be unlawful. 

He also says,

“Income taxes in my mind and heart, as I see the reality around us, are unconstitutional, illegal, and it pushed us back into a feudal society of over 1,000 years ago. Because what is a feudal society? One in which you belong to the king.”

McAfee and his wife Janice are staying one step ahead of the IRS and now also the SEC in light of McAfee DEX, his decentralized exchange which he launched last year, and according to McAfee are two of the most corrupt agencies of the US government. 

In a recent interview he explains that when he worked for MGT Capital Investments, a technology holding company, these agencies went after the $800 million company just to get him, which destroyed the company. They got wind of the fact McAfee was speaking out on international stages on how to avoid paying taxes by using cryptocurrency. Consequently, McAfee resigned amicably and was extremely apologetic to MGT. 

“They’re supposed to protect shareholders and just because they want me, thousands of stockholders lost everything. That’s corruption if you ask me.” 

 

We’re Not Where We Say We Are

Still underground where no one, not even family knows where they are, John and Janice McAfee post disinformation on his twitter feed so no one can track them. They may travel for a day, take photos, then come back to their hideout, post the photos saying "here we are.” He also claims to have 7 body doubles and Janice has 6. However, MacAfee makes no secret that they are in a Russian speaking country, but where that is exactly, is anyone’s guess.

 

About Face On Bitcoin Prediction

McAfee has changed his mind about his infamous bitcoin prediction and declaration that had the world talking, calling his previous prediction of Bitcoin hitting $1 million by the end of 2020 as total nonsense adding that people who believed in the absurd forecast should wake up. 

In a tweet, he stated correlating the entire North American continent GDP as an example to explain why his prediction was just a joke saying,

“If Bitcoin ever hit $1 mil, it's market cap would be greater than the GDP of the entire North American Continent.”

In another tweet, McAfee described Bitcoin as “ancient” tech and his prediction on the price going to $1 million was simply his trick to lure new users into the crypto space.

“Bitcoin was first. It's an ancient technology.  All know it. Newer blockchains have privacy, smart contracts, distributed apps and more.”

 

McAfee’s Latest Innovation

John McAfee, the cybersecurity mogul turned fugitive is still making waves and creating innovations that even have NASDAQ intrigued with his latest controversial project – the world’s first fully untraceable 4G data service titled “The Ghost Cell Phone Data Service.”  

This operates through electronic SIM technology, which allows phones to connect to a special data service network without the use of a physical SIM card. The special data service network is constructed from a number of technologies that make it impossible for connections to be tracked or traced.

Whilst only supported phones will be able to access the network, the offering is already poised to support some of the world’s most popular models, including a number of Google, Samsung, and iPhone handsets. 

                                                                                         

Phone owners will be able to access the service without having to supply any personal information. The service is prepaid, without any contract, and only requires users to scan a QR code supplied upon purchase to connect.

The service forms part of McAfee’s new Ghost ecosystem, which currently includes Ghost cryptocurrency and the GhostX Exchange. GHOST is a Proof of Stake privacy coin to help make you nothing but a "ghost" when transacting online!

McAfee is now reportedly looking for members of the mainstream media who are interested in the service to take part in the beta-testing stage, with global launch expected in September. 

Life In Exile

It seems that John McAfee always has something in the works including an autobiography that will be published next year and forthcoming movie. But according to him he and his wife now lead a boring life in exile watching the television for about 6 hours a day including the show, "The Family Guy". Now at 74 years old, still drinking like a fish and smoking like a trouper, so what’s his secret? 

McAfee describes himself as an explorer, an entrepreneur, lover of life, a lover of freedom, and very no-nonsense in spite of the absurdity of his colorful life. He just wants people to “wake up” and will continue to be outspoken on various issues, doing whatever he can to level the playing field, helping people to take back their freedom and fight tyranny and oppression. 

 

 

ecosystem for entrepreneurs

 

 

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals. 

 

 

 

WHAT IS A UNICORN COMPANY?

WHAT IS A UNICORN COMPANY?

  • Who Are They?
  • How Are They Valuated?
  • What’s Expected Of Them?
  • How Are They Perceived? 

Unicorn is a term used in the venture funds industry to indicate a privately held startup company valued at over $1 billion and usually no more than 10 years old. The term was coined in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures. 

At that stage, there were only 39 companies that were considered to be unicorns. She looked at software startups founded in the 2000s and estimated that only 0.07% of them ever reach $1 billion valuations. She noted startups that managed to reach the $1 billion mark, are so rare that finding one is as difficult as finding a mythical unicorn.

According to Lee, the first unicorn companies were founded in the 1990s with Alphabet (GOOG) or Google as it is now called, being the super-unicorn of the group with a valuation of over $100 billion. Many more unicorns came along in the 2000s with Facebook being at the top of the list and classed as the only super-unicorn for that decade.

Categorizing these companies have evolved and the terms used now are, Decacorn which is for those companies over $10 billion, while Hectocorn is used for such a company that valued over $100 billion.

Since Lee’s publication, the term unicorn, is widely used and refers to startups in the technology, mobile, and information technology sectors and usually integrates all three, questionably supported by their fundamental finances.  

 

Average Life Of A Unicorn 

According to Google, there were 465 unicorns as of April 2020. The largest unicorns included Ant Financial, Didi, Airbnb, Stripe, and Palantir Technologies. The most recent Decacorn is Lyft which became a public company on March 29, 2019. Generally, these billion-dollar valued unicorns become a public company or are bought out or merged with another successful public company. 

In 1999 the average life of a company was 4 years before it went public. Now that has been stretched out to 11 years before a venture-supported technology company is listed. This is brought about by an increased amount of private capital available to unicorns, along with the increase of the number of shareholders a company can have before it is required to disclose its financials publicly. Notably, private investors can only take a position on unicorns when they choose to list.

 

No Need For An IPO

Through many funding rounds, companies do not need to go through an initial public offering (IPO) to obtain capital or a higher valuation as they can just go back to their investors for more capital. IPOs also run the risk of devaluation of a company if the public market thinks a company is worth less than its investors. 

Just two examples of this situation were Square, best known for its mobile payments and financial services business, and Trivago, a popular German hotel search engine, both of which were priced below their initial offer prices by the market. 

This was because of the severe over-valuation of both companies in the private market by investors and venture capital firms. The market did not agree with both companies' valuations, which in turn, dropped the price of each stock from their initial IPO range.

 

Where And Who Are The Unicorns?

Unicorns are concentrated in a few countries/regions: China (125), United States (124), India (27), South Korea (11), UK (10), Israel (7), Sweden (6), Indonesia (6), Singapore (4), France (3), Hong Kong (3), Portugal (3), Switzerland (3), Australia (2), Estonia (2), Belgium (2), Canada (2), Germany (2), Ukraine (2), and fourteen other countries (1 each). 

The Top 10 Unicorn companies are listed in this image below

Former Unicorns 

Below are the top 10 unicorns that exited due to an IPO or Acquisitions

Click the link to view the full list https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies
NOTE: The companies in red on this list do not have a website. 

 

The Valuation Of A Unicorn

The valuation of a startup company to be classed as a unicorn is unique in comparison to more established companies. For an established company, the valuation stems from past years’ performance, while a startup valuation is derived from its growth opportunities and expected development, so there is no actual math to estimate startups’ valuations. 

Valuations for unicorns usually come from funding rounds of large venture capital firms. To give such high valuations in funding rounds, venture capital firms have to believe in the vision of both the entrepreneur and the company as a whole. They have to believe the company can evolve from its unstable, uncertain present standing into a company that can generate and sustain moderate growth in the future. This approach can backfire as it did when it hurt Softbank, a leading investor in WeWork who took a $4.6 billion hit when the company failed to float in 2019. 

A very significant final valuation of startups is when a much larger company buys out a company and gives them that unicorn valuation. For example when Facebook bought Instagram for $1 billion.

Bill Gurley, a partner at venture capital firm Benchmark predicted in March 2015 and earlier that the rapid increase in the number of unicorns may "have moved into a world that is both speculative and unsustainable", that will leave in its wake what he terms "dead unicorns". Also, he said that the main reason for Unicorns' valuation is the "excessive amount of money" available for them. 

Similarly, in 2015 William Danoff who manages the Fidelity Contrafund said unicorns might be "going to lose a bit of luster" due to their more frequent occurrence and several cases of their stock price being devalued. Research by Stanford professors published in 2018 suggests that unicorns are overvalued by an average of 48%. 

 

It’s In The Numbers

Businesses on the internet have made great headway. Some of the biggest businesses in the world, including Facebook, Amazon, Google, and Apple, are solidly established in the online tech world. A lot of other companies also have large, tangible revenue growth and earnings. They don’t buy users or customers with the hope of making money considering the inevitable attrition rate when those users eventually change their behavior. 

So valuations shouldn’t depend on imaginary future earnings but on actual returns and EBITDA. (Earnings before interest, taxes, depreciation, and amortization) Amortization being affiliate fees or payments of an obligation of a series of installments or transfers. 

Some argue that venture investors are getting over-enthusiastic when pricing businesses, inflating the price of startups that should be valued in the millions, not billions. Instead of carrying out proper risk analysis, they are diving in out of a fear of missing out on the supposedly next big thing.

 

Path To Profitability – The New Watchword

Silicon Valley’s crop of highly valued tech start-ups, which include Uber and Airbnb, now household names, all benefited from the mass adoption of smartphones and cheap cloud computing. Many of these companies built global empires by simply taking existing businesses, like taxis, food delivery, hotels, etc, and making them mobile, based online. 

Now we are seeing the likes of robotics and Artificial intelligence (AI) startups wanting to be a contender for the next big thing in unicorns. However, growth at all costs has gone out the window after years of IPOs being done without much focus on profits. “Path to profitability” is the new watchword according to Ryan Dzierniejko of Sequoia along with Michael Moritz, another Sequoia partner who says  “The law of economic gravity has returned as it does every decade or so”.

 

There are a considerable number of unicorn companies and the valuations seem to grow beyond the imagination of anyone. Is this the tech bubble 2.0?

 

The Unicorn Reality Check

Even before it was declared a global state of emergency due to COVID-19 on March 13, 2020, the unicorn reality check was underway with venture capitalists reckoning that a third of American unicorns would thrive, a third would disappoint and a third would be subject to an acquisition or die. Some are calling it the next dotcom bubble which burst 20 years ago with the advent of the internet and others are more optimistic. Either way, startup pastures that emerge in the aftermath of this economic upheaval will look very different. 

The past decade saw huge sums of money from sovereign-wealth funds, also mutual and hedge funds pour in, either directly or via VC firms into startups that were unicorns or at the very least their backers believed they might be soon. 

The jubilation began to diminish last year in May 2019, with Uber’s downturn of $43 billion, down more than a third of what it was on its first day of trading. Then, in October, WeWork, a “techie” office-rental group, scrapped its IPO after it became clear that investors had no appetite for shares in a firm that lost as much money as it generated in revenues. Its valuation was cut from $47bn to less than $8bn.

However, for Airbnb, a home-sharing website will bounce back from seeing bookings fall by 40% as the pandemic restricted travel and a possible delay of its IPO, (which was expected to be this year’s biggest) because, despite its losses of late, it is well managed and cash-rich. It also has an unmatched global reach and is likely to be back on track, making money once people are free to travel.

UNICORN – The New Buzzword In Marketing

Unicorns have come a long way since Aileen Lee coined the term in 2013, to convey wonder and rarity. Nowadays every startup wants to be one, for bragging rights and to hire the cleverest coders. Some are portraying themselves to be the next super unicorn to impress and lead potential users, consumers, and possibly victims into believing that the company is positioned to reach great heights and needless to say, using the term completely out of context. 

 “For millennials and Gen Zs being a unicorn became a filter,” says Jeff Maggioncalda, CEO of Coursera, a unicorn company that offers online learning courses and university degree programs.

 A small Austin-based scooter startup called itself, simply, Unicorn. It was said to be an attempt to leverage the popularized name and what it stood for, as on a psychological level, people will tend to gravitate towards what they believe identifies as successful. The outcome? It subsequently failed when the firm went bust in December of 2019, after spending all its cash on Google and Facebook ads.

Artificial intelligence is a very generic term and used by many different industries for various use-cases, however, AI is being used in a way that is basically unchained and they’re not making smart decisions about it. It’s heading into areas that people don’t know about, giving it too much power and control and will ultimately get burned. It’s all about competition and the race to see who will create the best AI for any given industry.   

Too many unicorns rest on shaky and opaque financial structures that may exaggerate their lofty valuations. These include “not-so-techy” capital-intensive firms such as WeWork, where accommodating more customers means leasing more physical office space. 

Also, direct-to-consumer retailers such as Casper, which sell flashy bedding. The co-founder, Neil Parikh declared in 2016 that, “We consider ourselves a tech company first,” Stock Market investors considered it a mattress retailer. In February it listed at $575m, less than half its $1.1bn private valuation.

Artificial Intelligence (AI) used in marketing is more about automating simple tasks that allow us to free up more of our time to be strategic, effective, and less repetitive. It’s about improving processes while still keeping that human touch with customers and prospects. So you could say it’s automated intelligence. Some companies are taking it to the extreme with hype boasting they are first and foremost a tech company, and completely AI-based, but it is simply to generate a buzz.

 

 

The Next Unicorn

In terms of the next unicorn Randy Komisar of Kleiner Perkins, a big VC firm, offers an alternative rule of thumb. For a unicorn to count as genuinely “tech”, and therefore profitably scalable, its actual product must be technology, he says, “it can’t just be using technology.” 
Businesses selling physical goods or services and startups offering online solutions with an already established market without proprietary technology often don’t make the cut. 

As it stands now, even viable listings are on ice until the markets’ pandemic fever breaks. In the interim, the unicorn sphere is talking about consolidating. Softbank reportedly wants Uber Eats and Door Dash to merge. In the USA, Uber may try to charm Lyft into merging, whose share price has fallen faster than its own.

There is no magic formula for identifying the next unicorn company and only time will tell us whether the unicorn boom is a bubble or not. If today’s big startups go on to secure significant profits for their investors, they’ll be looked back on as a smart opportunity well taken. If they go the way of WeWork, then the unicorn boom will be remembered alongside the dotcom bubble as an example of investor folly.

 

 

ecosystem for entrepreneurs

 

 

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals.