Impact

one basic problem with the Creator Economy?

Creators benefit the community (or network) but are expected to be rewarded by members of the community

That's like a worker that benefits a company and expects to be compensated.. by other workers

Yes, those other works do get some benefit from the worker's contribution (more revenue for the business, some of which ends up in their paychecks)

But if they (instead of the company) had to compensate that worker, you're just not gonna see a very successful company

you'd see a lot of freeloading instead

and you'd see a massive coordination failure with many frustrated people

..much like what we see in the so-called "Creator Economy" today 

coincidence?

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

Ethereum

farcaster is designed specifically to make a few individuals wealthy.

soldier of Good. 🪖🥰 
producer × DJ. 🎧 🪩 
working on /campfire. 🫴🪵🔥
host of /downshift ⚙️ + /dww 🎧 +  /gtd 🛠️.
https://linktr.ee/0xdownshift

It waves that flag, but the incentive design is still inherently speculative and extractive while leaving creators still passing around the same $5, this time maybe cashing in a few percents of profit off the top.

This is why @procoin is so appealing to me

It incentivizes more curators to identify quality creators and reward them for their craft

The velocity of attention and value speeds up as any of the flywheel appreciates, e.g. token, curated feed, or the creator's posts

even if true, they'd still be more successful at that if creators were rewarded for the value they create..