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The interesting thing about Stacker News is that people are paying to get their content in front of others, but they earn more than that back in tips.
SN seems to demonstrate that a tip-driven economy can be supported
From these observations, your conclusion falls apart. People backward-induct that there's more (or at least cost-covering) rewards coming back to a user, making posting and zapping in advance worth it.
Take that away (as the ever-shrinking rewards pool shows), and the dreamy, flying, V4V platform that is SN will have a date with gravity
Have you been watching the rewards pool lately? Downzapping fever will save us.
This guy's business is based on ripping people off, how long can that last?
To be honest, maybe there's slightly more demand for throwing away sats in hatred than there is for donations/voluntary support.
I haven’t given this much thought yet, but that might be so. How much does legacy media get paid to squash stories?
I'm not aware neither of legacy media squashing stories (Hunter Biden laptop?!) nor nefarious payments to do so
I’m not sure how many payments are explicit.
It’s mostly through access and withholding ad spending.
Epstein story was squashed by the royal family, according to the reporter who was about to break it for instance.
Wild
Perhaps Szabo would argue that things like Kickstarter and Patreon have effectively lost to things like Spotify and Netflix because micropayments are annoying.
I'm not sure that SN needs to end up providing creators with a positive flow if sats. It may instead be the case that it needs to provide users with a fun way to use sats (both spending and receiving).
This seems just wrong. Patreon and Kickstarter are a thing. But I notice this was written in 2007.... were those platforms around back then?
The interesting thing about Stacker News is that people are paying to get their content in front of others, but they earn more than that back in tips.
I do think v4v micropayments will probably work best as tips, rather than a gated cost to access content. But SN seems to demonstrate that a tip-driven economy can be supported. Whether it can actually support anyone in terms of making a full-time living is another question.