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Ryan J. Shaw
@rjs
At last the debate arrives at our hidden presuppositions! @vijay believes that a 70% cashback parameter will promote more participation in AF than an e.g. 30% cashback parameter, and therefore will produce more revenue overall for *some* channels. I believe the number of subscribers in my channel is a result of *my* hard work, not $ALFA games. I don't need the gamification - my game is delivering cold, hard content 👊 So this is why I'm annoyed that my work is being potentially discounted down 70%, and why @vijay is annoyed *his* work to build an active subscriber base is being discounted by me in turn. Specifically, the 70% parameter would need to consistently bring in 2.6x more subscribers with the e.g. 30% parameter for @vijay's argument to hold. Who's correct? I think he and I are on the same page here -- it needs to be a configurable parameter which each channel can play with and discover what works best for themselves.
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alexesc 🎩
@alexescd.eth
If they remove that cashback percentage, they'll turn an interesting model that combines elements of DeFi with subscriptions into a traditional Web2 subscription model that isn't working. There are many subscription systems through newsletters and others on Web2, where most of the money goes to the creator. Wouldn't keeping the current model, where subscribers get a share, incentivize more people to subscribe and support the platform? In the current model, I'm motivated by the content, but also by what I receive from my subscription. If it were only for the content, I'd only be subscribed to a maximum of 4 or 5 channels. I receive Alfa that I can invest in the channel I'm subscribed to, or in any other I would like to support to grow. It's a well-thought-out model. I support you, but I also receive something from that support.
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alexesc 🎩
@alexescd.eth
With each passing day, the cashback is getting lower and lower, and with this measure, the Alfafrens system will be completely shut down, because even with this 70 % condition, many are not willing to invest in subscriptions. I am sure many users are hesitant to spend money on subscriptions without the added incentive of cashback. Many users have become accustomed to receiving everything for free and without effort, only expecting tips and airdrops, but not investing their own money. At least here, there is a dynamic for those who make an effort and invest in susbscriptions.
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Ryan J. Shaw
@rjs
Web2 uses credit cards and direct, month-up-front crypto transactions. The AlfaFrens model says "deposit a pool of funds for your monthly content needs, and stream it out second by second to people you find interesting". The cashback % parameter is a debatable *opinion* about how to drive discovery and adoption of this new experimental model.
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