balajis on Farcaster

balajis pfp

I don’t think we have nailed creator monetization with crypto yet. But I do think it is worth experimentation.

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antaur pfp

tbh tipping via noice feels better than buying someone's content or creator token

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Sterling Crispin pfp

Sterling Crispin

@sterlingcrispin

X and YouTube have the right idea roughly with advertisement distribution based on views. Using crypto to turn everything into ERC20s on an AMM bonding curve is almost always the wrong answer and it’s time we stop doing it

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hunter pfp

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lightcap pfp

For one we need to make it less “crypto”. Normies won’t take to “coining” or “minting” especially as replacements for what’s essentially tipping. “Collect” may stick, and NFTs as collectibles makes sense. But naming is ultra important and critical to understanding what it is you’re doing. Until we get that right monetization is stuck at the starting line.

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Rolex pfp

We may not have fully cracked it yet, but every onchain experiment brings us one step closer...

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Staś pfp

Have to agree. Are collectibles the answer? Is coining everything? Maybe not but we need to crack some eggs first to find out.

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CHRIS DOLINSKI pfp

IMO the solution is creator revenue (from any source and any %) transparently flowing into their own CC via buys or burns

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Joshua Fisher ⌐◨-◨ pfp

Joshua Fisher ⌐◨-◨

@joshuafisher.eth

One infinitesimally small micro payment at a time

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niftytime pfp

Not done by a long stretch But the collective space has come a long way with some promising green shoots Like, I can just shoot you or literally anyone with the FC or TBA app 690 $tipn and you can go to tipnearn.com to claim it, stake it, and start earning USDC generated from 100k+ daily microtxns Payments at the speed of a like (that can be programmed too!)

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Pseudonym pfp

1 idea is to have have NFT's that auto-pin the holder's comments on the creator's next N posts tangential user behaviour already exists in the form of super chats on yt tweeted this on the 19th of july the pinning of comments on farcaster doesnt exist yet - would have loved to test this one out

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Vinay Débrou ⚙️ pfp

Vinay Débrou ⚙️

@vinaydebrou.eth

supertips >> collectibles

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Meach pfp

Shared upside for early investing in creators is inevitable

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makesy pfp

new paradigm of user acquisition and retention costs via smart contract mechanism design regardless of what form factor winds up winning. the tokenized content model has big accounting implications too because the user acquisition cost can be crowdsourced and capitalized https://farcaster.xyz/makesy.eth/0x24adaea7

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Tubazulfiqar pfp

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Camellia pfp

I heard @talent is doing something for creators with earning pool available. I’ll keep my eyes on them.

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Dundo pfp

Absolutely; with creator coins, it’s worth thinking a little differently. Onchain, Zora, FC, flip social fabric back to open source. We own our identity, we *pay* attention. We collect things. Chaos, as it should be. The tradeoff here is that you cannot have an open, chaotic, and unpredictable digital social fabric, without an open and permissionless market. If any central party abstracts away, or obscures this, that means they control everything, they take most of the value, get paid first, and you are back to facebook et al. Yes it’s messy, N ways to abuse it, at the start, but over time creator & content coins will fade into the background. What matters more now is that you have little “specs” of internet value that flow from human to human(s), without control. My sincere recommendation to creators is to not worry about coins but instead look for human connections, good places and vibes, as in the early Fb days - for this time it is truly different.

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LUKSO pfp

@ethalorian @feindura.eth

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LUKSO pfp

@balajis.eth If people want to understand how what we are building compares to @baseapp.base.eth they are building a farcaster feed with web3 wallets on the current stack of the last 10 years (wallets/smart accounts and ENS) with mini apps We have rebuilt the foundations with an actual on-chained profile, new token standards and an app, revolving around profiles and mini apps.

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