eth hacker :: collectooor :: security research @nascent

There is no demand for “getting paid to create content” on social media platforms (or blockchains for that matter).

1. Every other social media platform has thrived with no user incentive to post besides an audience. An audience is a better incentive than cash! You can sell whatever you want to an audience. This excludes YouTube which requires significantly more effort to create content on.

2. Not everyone can be a “content creator”. Content is infinitely reproducible and sharable, meaning the top 1% will get 99% of the attention. There’s no longer a local musician in every town. There’s a select few for the whole world.

The whole thing is a massive grift to inflate usage and content that no one will ever see.

> Every other social media platform has thrived with no user incentive to post besides an audience.

How many new at-scale social media platforms in the US in the last 10 years?

Only 1. TikTok. And they spent $1B+ for multiple years on Facebook ads to acquire users. 

So instead of transferring that value to Meta, why not try to transfer it directly to the users building the network?

this is the way. people want to be heard, and paid.

leader, developer, creator | founder @metavate | building @rafflecast 🎟️💫

Maybe we should just give everyone on earth infinite money

We sold subscriptions to fund this.

Feels like you're making a bunch of bad faith arguments here.

If 10,000 people each buy Pro to fund rewards, they can’t collectively profit from that pool of money being recirculated between them. There will be winners and losers, and it’ll most likely be skewed towards more losers.

Pro gives you features in the app. It’s no zero sum.

I’m not talking about the features it gives you, my focus is on the idea that you should get paid just for being an average unexceptional user of an app.

Aren’t the pro features meant to give additional incentives besides free money to drive people here (and get them to contribute to a gamified rewards pool)?

That’s not the narrative we are selling. Join Farcaster and earn money. Earn is an active verb.

Agree you can reward outliers, just don’t like the narrative that there is infinite money handouts to go around and all you have to do is show up

I never said average user. But top 3,000 (which is how many we reward weekly) is pretty accessible today!