@rish
I don't think content coins should be about "trading" the way humans trade today
If content coins are price finding mechanisms for content, what they measure is
- when was attention focused on that piece of content (x axis aka time)
- How much attention did it receive (y axis aka price)
Together the graph has the attention information needed for any piece of content
I'm not sure humans will do the majority of this price finding manually. Most clearly don't like it. I think if it works, it'll have to be automated.
One possible approach *
- clients buy $0.000x for every second when the content is in the viewport**
- They sell when it leaves the viewport
- the buying and selling can be between users if users have small pre allocations set that the client can use
- Users will sell to other users automatically with the above mechanism - Those early will make a few cents passively
- The trading graph will show the attention data
- Any real trader can still choose to manually trade and take on a bigger position
Today content coins are trading engagement but they should really be looking at the viewport and trading true attention.
Alongside automation, it might also need to be abstracted away. YouTube doesn't show creator earnings from ads in real time to the viewer. Crypto allows showing this real time but there's really no need for it to be front and center. It can be a layer deeper so only those interested dive in.
This "price finding" work will make some money for the creators, some money for the platform. For human scrollers, some will make a few cents and some will lose a few cents. However, given average scrolling behavior - any single person scrolling through the feed should net out break even by being early on some and late on the others. No change to non trader behavior (and they notice nothing because the trading is automated behind the scenes).
* obviously a thought experiment and I'm sure there's a bunch of things wrong with this approach that need to be refined
** Yes, some will automate scrolling to try and game this but that already happens today for generating fake view numbers so nothing new there
ps - if anyone read this far, feel free to disagree with all of it. I personally have no vested interest in any specific type of coin, just had some time to think about this today