Sriram Krishnan
@sriramk.eth
I wrote a little piece in the NYT on how social media is now finally exciting after many years and moving to decentralization and one I hope involves credibly neutral, censorship and centralization resistant mechanisms. https://www.nytimes.com/2023/07/15/opinion/social-media-threads-twitter-reddit.html
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jamesyoung.eth
@jamesyoung
so good yes yes yes, love the Farcaster shout out. What are your thoughts on the economics, is advertising still the driver?
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Sriram Krishnan
@sriramk.eth
I hope not though I think advertising will always have a place online.
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Scott Kominers
@skominers
I'm hoping this content architecture shift drives more consumer-positive advertising -- e.g. maybe we'll be consuming ads that are at the same time substantive content that aligns with our interests...
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jamesyoung.eth
@jamesyoung
Agree - Connie Chan breaks down (previous gen) move away from advertising. https://youtu.be/b-RS5vpS_0s. Trend in east now emerging in west - Twitter rewards and TikTok tipping. Keeping an eye out on Asia web3 adoption, some early signs from Galxe and Cyberconnect.
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tomu
@tomu
Would you imagine these ads being owned by the users who distribute them? It's 50% for the brand, 50% for the users to help grow the network
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timdaub
@timdaub.eth
By the looks of it, Threads didn‘t even bother to hint at a Twitter Blue-ish feature. I think today people are more willing to accept it, considering that many know of the detrimental effects of ad-sponsored revenue, but Twitter can‘t just paywall their million users either. It‘ll have to be proven by a startup
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