jesse.base.eth 🔵 on Warpcast

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ted (not lasso)

strong opinion, somewhat strongly held: creatives don't want to create for "content traders" the word "trader" is inherently transactional — someone primarily seeking profit, optimizing for price movement without emotional or philosophical attachment to the asset itself idk a single creative who seeks that out

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jesse.base.eth 🔵 pfp

jesse.base.eth 🔵

I agree with this take — but I think it's a false equivalence to say that coining content == *creating for content traders* secondary markets have existed for all assets, forever. this is true with paintings, NFTs, and yes, coins. and creators/artists have created for a mix of themselves, their collectors, and yes, people who have bought and sold their pieces. there has always been an inherent tension between who one creates for. coining content is very stigmatized because it has been historically something that *has* been transactional. but people said the same thing about open edition mints. and they said the same thing about uploading videos on tiktok and instagram. the thesis is that coining can serve as a better distribution channel *and* a better monetization channel for creators. it can do this because it can flow more freely and more people can participate. i think it's reasonable to disagree on whether you think that happens — but let's have that conversation, not be anchored to stigma.

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jesse.base.eth 🔵 pfp

jesse.base.eth 🔵

also - i think it's good and healthy to celebrate folks trading content and making money off it. all the meme pages on instagram where people find good things on the internet and share them but right now just get likes? those people can and will earn money from finding content early and curating it. they are providing an invaluable service to the internet and are essentially uncompensated right now. are there negative forms of trading and bad behavior? absolutely! but we can be thoughtful and meticulous in our critique. it can be good that someone finds a piece of content early and makes money off it. and it can also be bad that someone exploits a system to profit in an unjust way.

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ted (not lasso)

appreciate the nuance here and, to be clear, i'm not anti-exploring new monetization mechanisms and distribution channels. i'm excited by them. what i am pushing back on is centering the experience around traders. yes, secondary markets exist for all kinds of art but creatives aren't creating with secondary markets in mind. they're creating to produce good work and build an audience with which it resonates. when we label this audience as traders, we risk flattening the emotional relationship with creatives into a financial one. coining could very well be the future, but how can you create a new narrative around coining while anchoring in the old language and mindset of flipping, speculation, and price movement? it makes it seem as if coining is being built for traders, not creatives, recreating parts of the system that already feel extractive and soulless. the replies and quote casts to this seem to reflect that sentiment.

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Erik pfp

right or wrong, it’s hard for me to get behind as both a creator and a collector, granted i think it’s important to understand what theoretically could have “value” in this new world - if it’s mostly artists, photographers, writers, etc that are having their “work/art” collected, it makes the most sense to allow them customization imo. a default can still exist per platform, yet as i share in the additional deeper thoughts below, i find the platform take rates unsustainable long term as a newer creator, i find that i sit in the middle of professional and everyday person, and the same feelings above apply to both for me personally all that said, experimentation rn is the most important thing we can be doing, i guess my mind leans toward why not have a default, with customization still allowed, and a take rate between 0-2% the beauty of markets is someone could create that mini app tm and test the distribution, it may be worth a shot more thoughts: https://warpcast.com/eriks/0x6f6972de

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Chris Comrie pfp

Agree with parts of both yall and do like the takes

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BJ pfp

Out of curiosity, what has been your favorite movie and song of this millennia and what has been your favorite song and movie of the previous millennia?

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