coins

try to argue against content coins from first principles.

if a video on tiktok has millions of views, it has value.

why should a single platform control that value?
why shouldn't that value be explicit?
why shouldn't the creator benefit from that value?

seems good to me.

Financilization can crowd out other incentives. Like, imagine sharing news about dead children? Just awful combination of context.

Memes and "content" work better but you're still changing the relationship to the media.

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A simple example: users post content in the front, degens bet in the back. Users don't see numbers. An algorithm obfuscates and randomises payouts somewhat so that users get broadly rewarded for value produced. It also removes the ick of posting serious media that's immediately financialized.

A final way perhaps to imagine it. I think it's more palatable to have user-platform financial relationship vs user-content financial relationship. The latter only works for some media.

It's not that financilization is wrong but what web2 platforms did well is obfuscate the money. Platforms make money and users *should* get some of that with what they put in. But I feel the funnel looks far different than most experiments today.