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Danica Swanson
@danicaswanson
Moxiesplaining Journal Day 3: Rethinking Narratives Observing Moxie Fan Token value flows is prompting me to rethink the mental models of “supporting creators” and “monetizing an audience.” Fan Tokens don’t fit charity or patronage models. Buyers aren’t donating or becoming patrons. Big Moxie rewards earners who don’t yet have Fan Tokens get nudged to launch them, because benefits can flow to their followers and the FC network when they do. Holding Fan Tokens isn’t a loyalty test, either. It’s OK to sell; it's necessary to realize gains. It’s part of the mechanism design. Creators receive a 2.5% fee from every sale. They also benefit from holding other entities’ Fan Tokens. So how much of buying/selling Fan Tokens is motivated by altruism, and how much by self-interest? It's not obvious. Perhaps that's the point. --------- (ICYMI: Moxiesplaining Journal is a daily window into my observations, learnings, and “the view of Moxie from where I sit” as a writer + editor).
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Gwynne Michele
@thecurioushermit
There is no such thing as pure altruism or pure self-interest. Moxie and fan tokens are at this interesting balance point where my self-interest can benefit another, in both directions. It's in my self-interest to make money - Moxie being one form of that - and in so doing, that benefits my Fan Token holders. It's in my fans self-interest to do those things that make their held Fan Token values rise - engage with the creators whose Fan Tokens they hold. It encourages the building of communities who engage together and build each other up. Selling will, naturally, drop the value of a Fan Token for a bit, but a dedicated creator can easily make up for that through consistently creating content and engaging with their Fan communities - both for their own Fan Token, and those of the creators whose Fan Tokens they hold.
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Danica Swanson
@danicaswanson
Beautifully said and right on target. There's such a complex and fascinating interplay among all the components of the protocol and token design. Every time I observe the value flows and notice something that hadn't made sense to me before, I marvel even more about the brilliance of this design. I think Moxie has barely begun to scratch the surface of what's possible here.
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