Impact

/impact currently rewards creators with 90% of all multi-tips and Creator Fund rewards, the other 10% go to curators.

/impact doesn't take a cut of these rewards tho.

Why?

Because the goal of /impact is to build an "Impact = Profit Economy"; an economy where you profit based on the value you add to the network, not the value you can extract from it.

It's a completely diff meta and a diff mindset.

When you're focused on getting your cut, you don't open source your code, you don't share your knowledge, nor do you think about maximizing your impact and the benefit to the network.

The result is massive economic inefficiency where everyone is worse off.

This is our current Impact vs. Profit Economy.

So we're building something different - we're allowing people to open source their code, permissionlessly build on each other's work, collaborate, & still expect to make a profit in proportion to each person's contribution - a much better coordination mechanism for wealth generation, for everyone.

"...the goal of /impact is to build an "Impact = Profit Economy"; an economy where you profit based on the value you add to the network, not the value you can extract from it."

Bravo, @abundance. Crypto needs more like you.

Working on /impact ||


Abundance Economy book: book.abundance.id

Writer, senior editor, music nerd, GenX eldergoth, monastery-bootstrapper. https://paragraph.xyz/@danicaswanson https://tinyurl.com/Black-Stone-Wordsmith

Hmmm 🤔 something new and sounds interesting. Have to check /impact 🤩

I highly recommend his work. I've long felt it doesn't get the level of attention it deserves. 

You might enjoy the docs for the Abundance Protocol.

annoying rants 🚀; bringing you ✍️ /buildbetter, 🎙️ /artistspotlight and🎙️ /web3magic; De*** & open-source HW/SW enthusiast; https://nf.td/bfg

Oh, ok - there are docs 👍 makes it look serious. Will def check them out 🙏 thanks Dani

I highly recommend his work. I've long felt it doesn't get the level of attention it deserves. 

You might enjoy the docs for the Abundance Protocol.

https://docs.abundance.id/docs