This is my greatest problem with the “coin it” movement. My mind is open, and I’m willing to accept that an economy of transactions, at scale, could be super low cost for supporters and not extractive—especially for creators/fans of creators who are consistently valuable (who “grow the pie”) and for whom virality can translate to steady transaction fees + rewards overtime for the earliest, strongest supporters. But until we get there, what are we doing?
Brooke Lacey
Brooke Lacey22.7. klo 02.36
UPDATE: just to be clear I have no paid partnership with @baseapp so here’s my honest take: Yes, I “made” $65 yesterday from posting my video. But I didn’t get paid like a creator- I cashed out the token At its peak, my wallet balance was around $185… but people started dumping, and I was only able to grab $65 before the pool drained. So how is that supporting me? They weren’t tipping me. They were flipping a coin with my name on it. (I realize I got micro payments from transaction fees but it was minimal) And I had to dump on them to get paid. 😬 Also unless I’m totally misunderstanding this - every new post mints a new coin. >>>>Which means if I want to earn again, I have to do the same thing again… Dump that coin. >Then the next one. >Then the next. So now I’m sitting here wondering: >Am I launching a new micro shitcoin every time I post? >Am I supposed to manage each of those little markets? Because that doesn’t sound like creator monetization. That sounds like an stress-inducing token treadmill. @jessepollak is that how this is meant to work?
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