Impact

if we apply the old business models to the web we're gonna end up with the same problems

you want to be the middleman and take a cut of every fee between users? great.

but know you just misaligned yourself with the interests of your users

your users want a better, more convenient product - you want to grow your userbase and become a monopoly (so you can then have more leverage to raise fees).

growing your userbase also means that you don't want to share data with others, who may want to improve on your product (again, to the detriment of users)

this kind of thinking makes a lot of sense in the physical world, where you're competing with others for scarce resource

in the digital world this only creates inefficiency and produces suboptimal results

we need to move toward an economic paradigm that allows both information and value to flow freely through the system; where the incentive is always to build in the open, share your data, and allow others to build and improve it

this will only happen tho with the right game theoretic incentives for networks to fairly reward those who contribute to the network (based on the impact = reward meta)

network that adopt this meta are those that will ultimately succeed - it is what will define the Wealth of Networks

if you're creating great valuable content (or apps) but not getting traction on the platform, it's not your fault. the algo is not designed to surface value (and we need to fix that)

if you're creating great valuable content (or apps) but not getting traction on the platform, it's not your fault. the algo is not designed to surface value (and we need to fix that)
https://paragraph.com/@abundance/fixing-content-distribution

@jacque just staked $impact on @abundance's cast.

Support @jacque's nominees by subscribing to auto-fund their curation.

Opt out of /impact nominations in frame

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

Ethereum

stream of conscious writer, musician, & artist | co-founder of /wac