words

Content and engagement serve as 'currency’ in social media platforms, powering rich digital economies. Akin to some traditional currencies, content and engagement have been experiencing inflation.

Content and engagement serve as 'currency’ in social media platforms, powering rich digital economies. Akin to some traditional currencies, content and engagement have been experiencing inflation.

https://mirror.xyz/filarm.eth/dLolcroQ98JRhVxNpZHOwI1C1E6ecCqLfFFNJ7UgArE

Building Popula, the first fully-onchain toolset for communities

Love the topic. This was a great read. 

The segment on content inflation resonates a lot. Appreciated this explanation of it: 

“Much like how an increased money supply with an unchanged goods supply reduces the value of money and lowers the purchasing power”

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A related concept I’m thinking about: 

- blending engagement and currency/value
- $DEGEN is a proof of concept
- “a like” is binary, on/off
- engagement as currency also allows for ways to express “levels of engagement” :

I like this -> 200 tokens
I LOVE THIS -> 20 000 tokens el
Etc.