1 sat \ 5 replies \ @sommerfeld 26 Nov 2022 \ on: The Problem of Using Attention as a Currency bitcoin
I see the appeal of v4v but have my doubt if it will scale to support all the services we have today.
It can be complementing, no doubt.
I'm seeing many competing interesting visions for a new better web, this one of them.
Nostr and holepunch/slashtags are other possible paths that do not depend on bitcoin structurally but play well with it.
The future is exciting!
value4value doesn't make sense for all exchange, but it makes a lot of sense for certain forms of media creation, like podcasts.
A hollywood style feature film might never come out of the v4v model, but it might move us in a better direction than the rent-seeking business models of today
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Exactly. It doesn't make sense for an apple. But it makes sense for a picture of an apple.
Because reproduction is free, a digital image or a piece of text can't have a market price.
Digital artifacts can be reproduced at zero marginal cost. Regular pricing models don't make sense. This book got the problem definition right, but not much else I'm afraid.
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Thanks for the reading suggestion, looks interesting.
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I added to a reading list, but found it a little ironic to our conversation that he sells the digital copy of the book for $13.99!
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Yeah, don't buy it. (Or buy the physical copy.) It's not great, I just wanted to point out that this is a known problem and there is a lot of prior work in regards to the problem definition.
V4V is a behavioural solution.
Lightning allows for a technical solution.
I think wedding and extending both is the way.
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