Reid DeRamus on Warpcast

Reid DeRamus pfp

How can we help writers earn meaningful, reliable income? Open edition NFTs haven’t quite gotten us there, so we have to find a better solution. We wrote a couple posts on why we think coins may be a better model (part 1 below) — we'd love to hear what you think. https://paragraph.com/@reidtandy/rethinking-how-writers-get-paid

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Ghostlinkz pfp

@ghostlinkz.eth

My initial thought is that a publication token feels more aligned with writers than issuing a token for each individual post. As a writer, I’d want to use the token to gate certain posts, while also rewarding my community and collaborators. Early supporters who hold the token could benefit if interest in the publication grows. Sure it might sting if some choose to sell for profit, but if the token is required for access, they may be more inclined to hold. I also see potential for interesting experiments where a publication is run as a collective - writers are the token holders, and holding a token is required to gain access to publish posts.

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naaate pfp

My suggestion: - 1 coin, representing all the writer's paragraph posts on that blog. - Keep the open editions for each post. - Build in mutual benefit both ways, between the two types of tokens. (If many open editions get minted, coin-holders also benefit. If coin price goes up, open-edition holders also benefit) This way people can buy what they like (open edition or coin), and each benefit from the success of both. And the artist can benefit from both open edition sales and LP positions on the coin.

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Matthew Fox 🌐 pfp

Matthew Fox 🌐

I've aways loved the idea of collecting articles But I have been deeply disappointed by the experience or lack therefore of Show me all the articles I have collected in any farcaster account make collecting useful and meaningful subscriptions so I get it for free Let me talk to a knowledge base that can be trained on my collected articles Stop calling it free and charging me money, just list the price in $ and let me pay with whatever currency I want/have (relay.link)

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SeeingBlue pfp

Some thoughts on a potential move to coins · 👓 🔵 1. Move would be directionally consistent with overall trend 2. Author/creator gets immediate supply of their work, which they can use in many different ways: · Airdrops to original collectors and/or loyal follwers · Promotions to Introduce new readers to their writing · Trading with other authors/creators 3. Future possibility for author/creator to “boost” their coin with something similar to boost.xyz 4. Readers/collectors get lower price point and can collect a broader range of work (Seeing this happen on @zora) 5. Readers/collectors can adjust quantity based on their reaction to the work 6. Uptick in speculative interest, especially to be early 7. Viral price action, fueled by many potential catalysts, can attract more attention

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Jake Green pfp

At first, I was skeptical about the Zora update, but now I have to admit that coins are more beneficial than NFTs — both for creators and for the platform itself. In any case, it's worth trying. The only thing I’d like to highlight is that the benefits shouldn’t go exclusively to influencers with thousands of followers, but also to regular creators. Relying solely on influencers ruined VK, which is now drowning in debt despite having no competition in the local market. So, there need to be mechanisms and algorithms that ensure regular creators can reach an audience.

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BrightFutureGuy 🎩↑Ⓜ️ pfp

BrightFutureGuy 🎩↑Ⓜ️

So hard topic to comment on - have some strong opinions about writing and creator economy in general - but for me paragraph's main proposition always was (and I believe should be for everyone) proof-of-origin. Basically future-proofing my writing for the future when everyone can write the same quality thing with AI help. (mint on publish 😉 ) That's what should be at the heart of it. Parghrp can't outperform web2 platforms in features, cross-promotions, network effects - not now, not for a long time. You have to lean into what matters to you as a team and to writers. Whether it's subscription, NFTs, or coins is pretty irrelevant. even though - publications coin is cool idea, but so is Donate $5 button. Again, I won't make more money with coins or NFTs compared similar efforts elsewhere.There are easy ways to get paid already, crypto and coins only make it more complicated. It's not that every writing is valuable, sometimes we just write for ourselves. Or we don't solve anyone's problem = 0 value

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christin pfp

I’ve gone back to the basics https://warpcast.com/christin/0x3976783d

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SeeingBlue pfp

Will ponder and return some thoughts soon · 👓 🔵

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Ife pfp

@ifeoluwafavour

I think token-gated newsletters or like Wattpad where readers can pay tokens before accessing the rest of a writer's work

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Michael of St. Joseph 🔏 pfp

Michael of St. Joseph 🔏

@michaelofstjoe

The problem I have with the NFT model is it doesn't feel like it leans into the strengths of the *text*. It feels more like an obligation to create a visually artistic header to make your article worthwhile. The AI generated ones help with this I guess, but it still doesn't emphasize the written word. I'm not sure coins will fix this problem either. I think it would be cool if people could pay to highlight/underline certain sections of text, or "own" parts of the article itself. While reading someone could hover over the section and see who bought that part of the article. The article then becomes tied with the purchaser, the author profits, and it serves to promote an excerpt the purchaser found most valuable. This also keeps the writing free and open for everyone without additional paywalls.

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max ↑ pfp

@baseddesigner.eth

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Colin pfp

@six @androidsixteen.eth, relevant to the other threads on coins, we'd love to get your critical thoughts here as well!

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Magenta pfp

@magentadao.eth

👍🏽👍🏽

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