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Mike | Abundance 🌟
@abundance
what if we funded public goods the way companies do affiliate marketing... except instead of compensating affiliates for driving traffic/sales, we compensated the sources/dependencies of a public good for driving progress, and we did so in proportion to the impact of each contribution
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mOde
@mode-nearchos
This is a beauty 😍 I always dreamed about changing the public goods in a way that people would see it as an opportunity rather than a burden... If we would change "ad economy" into "PG support economy" that would be a huge shift! The only problem would be ensuring the quality factor of it. You can drive quantity towards the public goods projects, but you have to have some quality measures intact, because if we start supporting whatever just to support - it will lead to disappointment in the system, once projects you support start disappearing and failing. Other than that building data economy based on contributions to the public goods would be very very interesting 🤔
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Mike | Abundance 🌟
@abundance
You wouldn't fund "whatever" tho. You'd fund what the network values. It's just that the project would need to come to internal consensus on the relative contribution of dependencies & contributors for it to receive the funding (w a more costly arbitration process in case internal consensus isn't reached)
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mOde
@mode-nearchos
So if all the processes for that are in place - this entire idea is genius! I love it. Basically that's kind of an attention based process, which is exactly what's missing in public goods rn. To make public goods attractive we need to drive attention and prestige towards it. Monetary incentives would follow. People need to feel that working on public goods is something that could drive innovation and the real decentralization. Love the idea...
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Mike | Abundance 🌟
@abundance
wouldn't you say tho that a bigger problem than attention to PG is lack of adequate compensation? I'm sure tons of people would rather work on something that directly benefits the world around them if the pay was comparable to the private sector (and that's the problem I focus on the most..)
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mOde
@mode-nearchos
Yes, 100%. That's exactly why I love your idea so much. The crypto world is dominated by casinos right now and that is what holds entire adoption. People just by being people tend to seek quick money and so far crypto is being built that way. This is why no one looks seriously at public goods. It's like non-profit organizations in the traditional business world. Only people who actually care work there. Or the corrupted ones... If you could give value to the people who are contributing to public goods, that would be a huge first step. Because the majority of people are looking for shortcuts everywhere and if somehow we would manage to bring public goods to the point where the financial difference between casinos and public goods is not that high anymore, we could actually make that shift. The next level of Maslow Pyramid would turn on. But this is exactly why I say we have to be careful with the quality side, because if we want to make a good first impression, we need public goods projects to succeed...
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