Impact

if we don't work on fixing this we have no right to complain: 

when you produce something for individuals, they can compensate you for the value your (consumer) good created for them

when you produce something for businesses, they can compensate you for the value your (commercial) good created for them

but when you produce something for a community, ecosystem or network, there's no effective way for them to compensate you for the value your (public) good created for them

even if most people prefer to create for the greater good, they can’t do so sustainably

instead they have to produce for narrow consumer or corporate interests — often at the expense of the greater good (thru negative externalities etc.)

this is unsustainable & self destructive — both to individuals and to the ecosystem

all that because there is no mechanism that effectively allows contributors to be compensated for the value they create for communities or ecosystems

this is what we need to fix!

"...when you produce something for a community, ecosystem or network, there's no effective way for them to compensate you for the value your (public) good created for them

"even if most people prefer to create for the greater good, they can’t do so sustainably

"instead they have to produce for narrow consumer or corporate interests — often at the expense of the greater good (thru negative externalities etc.)

"this is unsustainable & self destructive — both to individuals and to the ecosystem"

@abundance summarizes this problem eloquently as usual. Thank you to everyone who's thinking deeply about this systems-level challenge and working on it in earnest. We need you!

I believe the Farcaster community has the best chance of making significant progress toward mitigating the structural harm of the extractive economic patterns Mike describes, and that's one of the biggest reasons I'm excited to be here.

Solving public goods value capture. | /impact | book.abundance.id

Excited to talk about this topic tomorrow. It's a complicated one with no easy answers, but we believe that together we can find them!

https://x.com/i/spaces/1OwxWXLkRYVKQ

Note that my colleague and co-steward @trigs will be hosting a call with @abundance tomorrow to discuss this. 

He's an excellent host and I recommend joining in if you're able!

Word-Slinger-in-Chief /slowcore-hq | Senior Editor | GenX eldergoth | dark ambient music nerd | contemplative animist /blxstonesnctuary 🏳‍🌈

Note that my colleague and co-steward @trigs.eth will be hosting a call with @abundance tomorrow to discuss this. 

He's an excellent host and I recommend joining in if you're able!

https://farcaster.xyz/trigs/0x2b6fa810

Haven't used the bird app in a couple of years but I just checked and my account is still usable, so I'm gonna try to listen in if I'm able.

I'm always impressed as well. @trigs.eth is the GOAT!

Can't promise I'll be there as I have a schedule conflict at the same time, but I'll see what I can do. If not, I'll at least listen to the recording.

Trigs and I have weekly calls now and I'm impressed with his mad skillz, so that's part of it!

wow! honored to know that our Space is worth breaking a streak of a few years!