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7858
@7858.eth
I’m trying to get my head into Merkle’s thinking here I’m gonna do some thinking out loud From the supply perspective, that’s not enough money to really sting, but it’s not nothing. They could 5x it if they thought it really mattered or was a valuable experiment even and not materially impact their runway For most recipients (very likely WEIRD, maybe even super rich), it’s not enough to matter. Not sure it’d even finance a daily Basepaint habit. So maybe they’re thinking that $5 is enough to serve as a seed for prestige and the competition will really be for bragging rights and not for the $5? If the economic incentive is intended to mean something, it should be bigger. If it’s not, then why not just $1 or a trophy NFT? Seems like such an awkward half measure That being said, huge credit to Merkle for the unflinching discipline to build a viable protocol/app/community without falling into the trap of magic tokenomics Can’t wait to read the post mortem in January
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@probe155
It's interesting to think about what the CAC for new content would be? how much would you pay for an *exclusive* vitalik tweet on FC -- and how many new users / engagement views // new casts does that generate?
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@probe155
Wonder if this is basically why Elon started paying out its creators so much money. If the top 1% create all the interesting content / engagement, than might as well directly pay them to stay? Maybe this is what separates "media" business (broadcast / consumption) from a "social network" (connection)
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