Joan Westenberg
@daojoan.eth
my thesis: tipping and social engagement tokens would reward creators. the reality: tipping and social engagement tokens are consistently and ruthlessly gamed by noise generating farmers who don’t give a fuck about the creator economy. and their bullshit drowns out the creators.
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Brent Fitzgerald
@bf
Tipping with a meme/shitcoin is questionable and unsustainable for creators, and likely is net negative. It isn’t materially helpful unless sold and has insufficient reserves, hence ponzi-like community pressure to prevent selling. Tipping tokens with stable exchange value could be meaningful to creators, but seems like there are only limited examples of this working at scale. TikTok gifts? Reddit gold? Do creators make much from this model?
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Joan Westenberg
@daojoan.eth
Those models work at scale but only because the number of users acting in good faith outweigh the number of users trying to game the system. In crypto that’s reversed.
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