21 sats \ 0 replies \ @Chep 20 May 2023 \ on: Is bitcoin based on human greed? bitcoin
Some may be solely focused on "earning sats," while others genuinely aim to learn, discuss, teach, and share valuable content. While the initial motivation for posting may differ, the incentive structure of SN, as pointed out by brxyz, encourages users to contribute meaningful content in order to earn rewards. Over time, those who are solely focused on earning sats will likely realize that providing value is the key to success on the platform.
The analogy drawn by brxyz, comparing SN to a two-lane road with one lane closed, highlights the fact that the platform discourages spamming, shitposting, and karma farming. Instead, it directs users toward the "value-for-value" (V4V) lane, where contributing valuable content is rewarded.
DarthCoin raises an interesting point by stating that greed does not create value but rather perpetuates more greed and suffering. While greed alone may not create value, it is worth noting that the game theory behind Bitcoin mining is designed to harness human greed and align it with securing the network. Miners, driven by their desire for profit, contribute to the security of the network by participating in the mining process. The interplay between self-interest and the overall benefit to the network demonstrates how human motivations can be leveraged to create value.
Me personally, I was attracted to Stacker News to earn free sats, but now I'm convinced V4V is one of the best ways humans have figured out how to curate content. Still needs more people working on it, but I'm more bullish on Bitcoiners using sats to gauge what's valuable than I am on advertisers with big pockets trying to get in front of my eyeballs.