Content
@
https://farcaster.xyz/~/channel/gift-economics
0 reply
0 recast
0 reaction
Trigs
@trigs.eth
This is some really intense technical examination of "creator economic models" being experimented with, like Zora. I recommend reading the whole thread, but this cast really sums it up for me: - everything is predicated on the velocity of speculation. These are systems that are designed to allow creators to capture value from speculation. That's it. And that's novel! There currently isn't any effective tool for creators to do this on any existing platforms. But that's not an economy. That's just a part of a healthy economy. In no world will we ever solve for "funding creators" simply by giving them a tool to capture value from speculation. Giving them these tools is an essential component of a digitally sovereign economy, yes. So I'm glad people are experimenting with these mechanisms. But it's not the be-all-end-all solution. Creation begins with a gift— I hold this to be true. Without this, the incentives will always drive us to the lowest common denominator and the power laws of attention will funnel all of the value to the few rather than the many. I think these speculation mechanisms will empower creators to maintain sovereignty over the value of their creations, but if and only if we solve for creating an economy of giving, rather than investing, as the foundation of our value creation.
1 reply
2 recasts
8 reactions
Danica Swanson
@danicaswanson
"Creation begins with a gift— I hold this to be true." Yes. Well said! I bookmarked this thread so I can return to it when I can give it my full attention. Thanks for casting this in the /gift-economics channel.
0 reply
0 recast
1 reaction
