1PBarvUcnaJ8ETPsUdSwz6fJSchHxfBkHq (673) ·
Since I don't own mining equipment, what is the difference between the costly signal of paying matterpool as a costly signal vs paying Baemail/the recipient as a costly signal?
Replies
1sNJWUrAYfdxAKN1zGq3t9hwyR6ynQwas (2022) ·
@24
17mNxa3wLR3UpkxzBHkTQ1ynn6boQ3zGjY (2584) ·
It only makes sense when signaling many to many. Anything else will make the recipient wonder, perhaps bitterly, why he's not getting paid for the value of his content, time, or other product.
1DCqB8z2bboGmQRBbQNUxQVc5oBRpwQjKV (673) ·
I still don't see how it makes sense as a signal to _anybody_.
17mNxa3wLR3UpkxzBHkTQ1ynn6boQ3zGjY (2584) ·
I'm a fan of @24 . But I don't see anything that Boost does better than standard payments with Bitcoin. It's the economics that fails. It clearly diverts funds away from what should be going to content creators and promoters/marketers to miners.
1Abd9yJS6mrzMmj1Ni6kjQB9GqtyaNujrm (3375) ·
Just try not using it and see what happens!!!
17mNxa3wLR3UpkxzBHkTQ1ynn6boQ3zGjY (2584) ·
It will be an interesting experiment. I think it will be easy not to use it. If I want to signal in a superior manner all I have to discern which party to pay directly. Please..show me one case where this won't be true. I want to be wrong.
1Abd9yJS6mrzMmj1Ni6kjQB9GqtyaNujrm (3375) ·
It's just quicker to discern if you use Boost because you will be closer to good ideas all the time. If you don't use it you will have to spend more time discerning and you will be farther from good ideas.
17mNxa3wLR3UpkxzBHkTQ1ynn6boQ3zGjY (2584) ·
Suppose a song gets $1000000.00 worth of Boosts and the content creator gets $5k somehow. Has the content creator been properly incentivized? Or is it really obvious that the wrong party is getting paid?
1Abd9yJS6mrzMmj1Ni6kjQB9GqtyaNujrm (3375) ·
Boost is an upvote system. It's for when you want attention. It's up to the buyers to value their information correctly. In this scenario, it sounds like the songwriter got enough boost to get a high content ranking for a song that people didn't like.
17mNxa3wLR3UpkxzBHkTQ1ynn6boQ3zGjY (2584) ·
If you want to consider the viability of your system, you must consider how it can abused. Marketing firms will just buy big boosts and have an unfair advantage over little guys. Sure the little guy will win occasionally but not as a rule.
1Abd9yJS6mrzMmj1Ni6kjQB9GqtyaNujrm (3375) ·
Boost can't be abused. The winners are those who correctly value their ideas. People with money who overvalue their ideas just lose the money.
17mNxa3wLR3UpkxzBHkTQ1ynn6boQ3zGjY (2584) ·
Of course it will be abused. Marketing firms will have a process for vetting songs. Of those, they'll know what % statistically will succeed. And they'll know to the dollar how much to Boost. Individuals, as a rule, won't have enough to $$ to compete.
1Abd9yJS6mrzMmj1Ni6kjQB9GqtyaNujrm (3375) ·
That's not abuse. That's how to use it correctly.
1Abd9yJS6mrzMmj1Ni6kjQB9GqtyaNujrm (3375) ·
The whole point of this is that you have to correctly value your own ideas before you buy Boost. People who don't know how to do that lose out.
17mNxa3wLR3UpkxzBHkTQ1ynn6boQ3zGjY (2584) ·
No offense, but your Boost upvote system is status quo pay to play.
Something innovative would be a multi-level marketing fee structure with the content creator at the top instead of a parasitic multi-national marketing firm.