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https://farcaster.xyz/~/channel/gift-economics
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Trigs
@trigs.eth
Speculation and the gift economy? I think this is a great little story-problem to address the issue of speculative markets in terms of gift-based economies. Can you give gifts when there's a speculative opportunity for reward? I don't know, but I really like how @abundance is framing this to draw attention to how adding a speculative loop to the core function of value exchange does not inherently align interests. Is it possible to have interested aligned around a speculative value proposition? Probably. But when it comes to supporting content creators, speculation and extraction are exactly the opposite of the goal: Supporting creators. Nothing about speculation is inherently supportive or motivating for creators. Speculation motivates and supports people who enjoy gambling, and in blockchain specifically trading. Traders love speculation! Why? Because they have outsized opportunities to extract value from speculative assets. And that's why it is inherently in opposition to the goal of supporting creators, because if traders have outsized exposure to upside, it means creators have outsized exposure to loss of value unless they *become* traders. Maybe a hot take, but I think the majority of people will never become traders and never want to be. Speculation needs to live in secondary markets where the core value being created is at least somewhat protected from the volatility to ensure creators are properly incentivized to continue creating quality content and not sniped into gaming the speculation.
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jordanᵀᴺ
@jordanisgreen.eth
@procoin curate FOW
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Procoin
@procoin
This cast has been curated to FOW on the Feeds miniapp @trigs.eth you have been issued FOW shares Feed Market Cap: $132.79
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