Reid DeRamus on Warpcast

Reid DeRamus pfp

Been thinking about what drives people to support creative work — not just for access, but to support, express themselves, or feel part of something. If we want onchain products to truly grow the economy around creative work, we need to move beyond speculation and tap into deeper motivations. Some thoughts on the search for something better below. Would love to hear your feedback! https://paragraph.com/@reidtandy/why-will-readers-buy-coins

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Trigs pfp

What if it's some combination? I'm thinking: - utility coins at the creator level - spend/burn coins to mint nft's at the publication level - options for gating certain extra levels of access with tokens and/or mints - option for publication level patronage by collecting with a paid mint instead of token - optional extra utility for additional burn mechanisms for things like merch, event access, direct services, etc. - speculative component could be a token split on creator level mints. A creator's publications are ranked by total mints and holders get a split of new token mints based on which nft's they hold, somewhat hypersub style. Could potentially use a /revnet backend for managing this.

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alexander the great pfp

alexander the great

i have been chewing on the idea of coining content since the discourse started. honestly, this piece makes it all the more understandable. my major issue (and that of other creatives, i believe) was the problem of reducing creative work to something akin to financial gain. just as you put it here: "But I think for this motivation to become sustainable, the financial upside should feel like a bonus — not the primary reason for buying coins." you're exactly right. it's all a matter of framing, and i really hope we are able to do that successfully. awesome piece of work, by the way, Reid.

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Juan Antonio Lleó 🎩 pfp

Juan Antonio Lleó 🎩

Gn Reid I create a coin with this cast, and I sent you some of the tokens. This is the link of the token, where you can mint more if you want!: https://warpcast.com/castcoins/0xdfe2860e I hope you like it!

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limone.eth 🍋 pfp

limone.eth 🍋

loved your article, really insightful, specially given your previous experiences at substack and crunchyroll "coins could offer a much stronger signal layer than paid subscriptions. When someone buys a coin because a post or writer resonated with them, that purchase becomes more than support — it becomes a visible marker of value in the marketplace of ideas and media, something paid subscriptions can’t do." this sentence really resonated, and i'm v curious to see how all of this will play out

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Boona 🎩 pfp

Great read man, I think the creative door has been flung open again to investigate what v2 and beyond of what value both coins and nfts can provide

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Shant Mesrobian pfp

Shant Mesrobian

This was great. Paying for gated content helps to sustain something you believe in, but it doesn't do as much to spread something you believe in. That second part is a big motivator for people.

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Anaroth pfp

I think part of the struggle is that "content" is a lot of peoples least favorite word It means something different than art to me And how do you infer the amount of time / artistic skill that goes in to form a market? Is a tokenized IG reels value the same or different than a feature length film? It feels like a new option, but doesn't seem to solve the old probems in my mind right now

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trewkat pfp

I enjoyed reading this, thanks. For the dummy (me) who hasn’t quite grasped the difference between coins and open edition NFTs, could you explain?

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Koolkheart pfp

@koolkheart.eth

This is the conversation. Most creators don’t just want buyers, they want believers. Speculation fades, but shared purpose sticks

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johnsterlaccii pfp

i think coins at the publication level is interesting. theres a reason that most successful reader-writer relationships have a publisher in between. drawing attention and curating an information diet is a different skillset to content creation

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SeeingBlue pfp

Will check it out! · 👓 🔵

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Juan Antonio Lleó 🎩 pfp

Juan Antonio Lleó 🎩

Gn Reid One of the first thing that I think when I start to read this is if you are thinking about to use solutions like Castcoin? I collect it, but I can't resist to Castcoin it also! I'm going to send you some of this tokens also. @castcoins !coin

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Arti Villa pfp

I'm wondering if there is a way to bundle 'indie' software products with relevant content from across writers so writers who's work amplifying subscriptions for builders can both be incentivized. most hackers dont' don't want to sit and write content, myself included. https://every.to does a great job of sharing insights you can subscribe to across writers with access to bundle software. can we bundle writing and provide subs to mini apps or recommend mini apps from the publications like substack?

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