@trigs.eth

"rather than extracting most of the value created by the gift and turning it into private profit" Such a crucial part to get right! I think this is exactly where the struggle is. I think this is why I'm so nerd-sniped by the concept of a gift "increasing in value when it's given". Not invested. Not speculated on. Given. Investments and speculation can also have this 'increasing' effect, but when talking about the context of creator-content and funding things that aren't so easily quantified into a token... this is where the giving part becomes so crucial in order to get that exponential value creation effect. Invest in a creator: now the creator is beholden to your investment and obligated to pursue a return vs pursuing their creativity. Stunted. Speculate on a creator: now the creator is incentivized to prioritize pumping the speculative behavior so that they can extract value to pay their bills. Rugged. Give freely to a creator: NOW suddenly the creator has their bills paid, and they are untethered and free to explore their creativity. This is when value can be created! Once value is actually being created, suddenly there becomes market potential for people to invest and speculate, because there's something real to invest in and speculate on. Gift-giving is the necessary precursor to market activity when it comes to creative content. Without it, the market will always be dominated by mass-produced, low-quality content that feeds the lowest common denominator: short-term attention.

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