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https://warpcast.com/~/channel/impact
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Mike | Abundance đ
@abundance
one basic problem with the Creator Economy? Creators benefit the community (or network) but are expected to be rewarded by members of the community That's like a worker that benefits a company and expects to be compensated.. by other workers Yes, those other works do get some benefit from the worker's contribution (more revenue for the business, some of which ends up in their paychecks) But if they (instead of the company) had to compensate that worker, you're just not gonna see a very successful company you'd see a lot of freeloading instead and you'd see a massive coordination failure with many frustrated people ..much like what we see in the so-called "Creator Economy" today coincidence?
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downshift. đī¸đ¨
@downshift.eth
farcaster is designed specifically to make a few individuals wealthy.
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Mike | Abundance đ
@abundance
even if true, they'd still be more successful at that if creators were rewarded for the value they create..
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Oliver
@timewarp
This is why @procoin is so appealing to me It incentivizes more curators to identify quality creators and reward them for their craft The velocity of attention and value speeds up as any of the flywheel appreciates, e.g. token, curated feed, or the creator's posts
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Trigs
@trigs.eth
It waves that flag, but the incentive design is still inherently speculative and extractive while leaving creators still passing around the same $5, this time maybe cashing in a few percents of profit off the top.
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Oliver
@timewarp
"but the incentive design is still inherently speculative and extractive while leaving creators still passing around the same $5" How would curators sending % of all the Procoin curation protocol FEEDS be extractive to the creator? Ex. 1 Creator / N-Curators giving % of (all) FEEDS to the creator...
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