Danica Swanson
@danicaswanson
"One of the web3 aspects I find promising is network rewards. I don't think it will be enough for everybody... but if a network can programmatically encode a default payout rate that can't be tampered at the whims of a VC, then I think it has a chance." ~ @adam- Well said. I like this framing and have been thinking along similar lines. In my mind, ideally the "default payout rate" in such a network rewards incentive structure would involve some basic level of unconditionality, at least within the confines of some subset(s) of the network. If network rewards for deep-dive writing are made conditional upon metrics like volume or engagement, then lots of impactful, valuable work will continue to be overlooked, buried by algos, and under-rewarded.
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Garrett
@garrett
Default payout rates would need to be uniform regardless of the media format (at least for platforms like Zora or Rodeo) Doesn't really solve the issue where media formats are valued differently based on time/creative output
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Danica Swanson
@danicaswanson
I'm not thinking so much about Zora or Rodeo, but about how to sustainably fund deep-dive writing specifically. In my mind there'd be plenty of room for other money legos to plug into the basic structure.
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Garrett
@garrett
Yeah I think doing some bounties with @bountycaster for deep dive writing might be a start Definitely room to innovate with money legos and a sustainable structure
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Danica Swanson
@danicaswanson
Much as I respect the work being done on Bountycaster, I don't think bounties as we currently know them in web3 are the best option for funding deep-dive writing and editorial work. Not even in the short term. For one thing, mispricing is a problem. Deep-dive writing is inherently hard to value, and structural factors (including public perception of writing as "free," and the dynamics of creative labor markets) exert downward pressure on prices. So the endgame is a race to the bottom ("web3 Fiverr"), just like other forms of gig work. I agree that there's room to innovate. Plenty of room! Haha.
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