Jeff
@jeff-xyz
Hate to yuck a lot of the yum going on right now, but I don’t like content coins because they encourage rugging the creator. Example: someone buys a post of a creator for $5. Later it sells for $100. They make a 20x. The creator gets hardly anything. That dynamic treats creators like inventory, not people worth supporting. Promote holding. Reward buyers with rev share. Align incentives around supporting creators, not flipping their work. Would love to better understand or be proven otherwise.
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Koolkheart
@koolkheart.eth
It’d be cool if flipping a cast automatically triggered a microtip to the creator. Even something like 1–2% could go a long way
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Jesse Pollak
@jesse.base.eth
you mean like buying then selling it? that already basically happens bc there's a 1% fee on each trade that goes to the creator.
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Koolkheart
@koolkheart.eth
Exactly, that’s right, but what Jeff is saying now is, what if someone buys my stuff for $5 and they sell for $200 for example… all I get is just 1% of $200 which still feels off I guess
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Jesse Pollak
@jesse.base.eth
yes there's still iteration to do on the market structure. that said, I generally think traders should be rewarded for the service they provide of price discovery. delicate balance to make all the mechanics works for creators, collectors, and traders.
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Jeff
@jeff-xyz
Encouraged to know that this is not the end product / last iteration of how they will transact.
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