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https://warpcast.com/~/channel/coins
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jesse.base.eth 🔵
@jessepollak
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.
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tldr (tim reilly)
@tldr
@six @androidsixteen.eth @kia – you smart and fair and skeptical fellows. What's a steelman of the argument that coining content *should* not happen? (Not saying you believe this, just want the strong argument) I understand people who don't *want* it to happen. I understand people who doubt it *will* happen. But I don't get why people believe it *shouldn't* happen. To me it seems strange to want to prohibit entrepreneurs (in my mind that's what creators are) from having access to whatever tools enable them to profit directly from the success of their work, by way of entirely voluntary exchange from their audience.
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androidsixteen 🌲
@androidsixteen.eth
Firstly, I appreciate being characterized as a “fair and skeptical fellow”, thank you 😄 Re: coins — the main argument that @jessepollak makes above conflates two points: - creators being able to access more of the value they create as opposed to the intermediating platform - this value exchange happening in the form of fungible ERC-20 tokens being traded with fee rev share for the content creator The former is valid and a no-brainer, the latter has holes. Tokens / coins are just one of many items in the financial toolkit. Shoehorning content into the form of a token works when there is general euphoria around trading tokens, but cheapens the content by associating it with speculative mania This doesn’t mean it *shouldn’t* happen, but rather that it won’t get significant adoption because it misunderstands the relationship between creators, curators, consumers and traders Related — one of my core views is that the past 5 years of crypto has trained us to overfinancialize products
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kia
@kia
i can’t do a good steelman for why it shouldn’t. i think saying “it shouldn’t” is wack. it can and it probably will. though, if this was a logics seminar, i’d maybe say, this should be a via positiva argument, not via negativa. as in what’s the reason to actually do this (rather than why not). and if that reason is so appealing then who’s problem is it solving and why these people who’s problems been solved aren’t here talking about the amazing impact this has had on them. in conclusion i love that have been considered for this segment and would like to thank my farcaster mom and dad
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six
@six
should / should not is prolly the wrong framing - it implies an actor who would make a decision based on the answer but there is no actor who decides if content coins “happen” or not at the market level. The market decides this by “pulling” coins out of content that has attention value (what has been happening for the last couple years) should individuals coin their content? that is up to them if they think the benefits outweigh the costs (which diff ppl may perceive differently)
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ted (not lasso)
@ted
i do love when smart and fair and skeptical fellows are tagged for their opinions (I’ve tagged them too), but maybe worth also tagging users who are most representative of short form video creators on tiktok — where majority of high quality creation and consumption is driven by women. part of the reason this conversation is so frustrating is because it feels so crypto-centered and siloed from actual, real creators.
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Nico Cap
@nicocapital
Instead of debating why not just doing it ? We already have @clanker
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tomato
@tomatoxyz
There's actually very sound reason most platforms require a certain amount of viewership or other metrics before monetisation options become available. If you let everyone coin content you will not only end up with content mills but widespread copyright infringement and low effort or even illegal stuff that crowds out legitimate content and makes whatever venue it is hosted on highly unattractive. As soon as you introduce "incentives for everyone" it can very quickly get out of control. Crypto natives may think this stuff is attractive but it just ends up with everything looking like a casino and isn't actually conducive to people making interesting or valuable stuff in the first place.
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tytyu
@inngo
cool
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