RE: WEB2 Disruption has been MASSIVELY accelerated by AI & Friends
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I am not so naivete as to believe that something comes for free, the running of the nodes comes out of the rewards pools before distribution of the rewards. They get some percentage, can't recall right off what the amount was. If I remember correctly there was a post a month or so ago about it paying out 14,000 a month, maybe it was a week, who knows but it was a lot. The point is you have to create a demand for a product before you can profit off that product. If there's no demand it's a dud. Twitter was built to create a demand that could profit off advertising revenue, that was Jack's goal and he achieve it and became a billionaire. So why should people whose participation on twitter have to pay for making someone a multi billionaire? Just like why should people have to pay to make whales richer while people struggle to even get a foot hold on here with pennies being pitched at them. Most people don't live in Nigeria you know. This is totally different than a concept built on selling a product to people, yes that product still has to be able to create a demand for it but people know the difference between buying a product vs participating for free to create profit for someone. Totally two different concepts, both hedged by those with the money or those willing to invest the monies to build a product that one either sells or offers free participation that enables them to make money off that participation to enrich themselves. Elon's problems comes from within and the changes necessary to complete the tracking and censorship of over five million tweets a day. In other words he's building a whole new infrastructure that most experts has thus far claimed is impossible. So now the end game has changed and it's not one's free participation to make me billions but Musk charging to build an infrastructure that he will use against those who are freely participating. The goal is to be able to track any tweet anywhere in the world within five minutes. You want to pay for that because he's fooled people into believing it's just a sensible business model...if yes than you really need to get out more.
Nobody is saying this.
You're making stuff up.
It's a strawman argument.
That's the argument you're making.
Legit communism.
Which is hilarious considering I often make pro-communist arguments.
But I certainly have the wherewithal to understand that you making such arguments is hypocritical at best.
It is not a novel concept to pay people for providing service and infrastructure.
It is the STANDARD.
Providing free service in exchange for data and advertising dollars is in fact the weird business model.
And it's coming to an end whether you like it or not.
Again, that's just flat out wrong for a couple of reasons.
First, on a technical level, the "rewards pool" is only for rewards (authors/curators).
Hive emissions breakdown:
Which frontend are you using?
Peakd?
Leofinance?
Ecency?
Liketu?
Proofofbrain?
Literally none of these frontends get paid to fulfill API requests.
Because no one gets paid to run a frontend.
You only get paid if you mint a block, and that is it.
Just like any other cryptocurrecy.
Which creates poor incentives and difficulty scaling.
Which I have already gone into detail extensively,
but you seem to think you know better while completely avoiding the main topics of discussion.
In case you missed it:
Until you can answer that question nothing you say matters or has any relevance to this topic of discussion.
The problem is you can't answer the question.
The question has already been answered and all you're doing is saying "no that doesn't sound right that won't work I want free stuff blah blah blah greedy whales blah blah".
In reality the thing that isn't working is the current system, which you seem to think works great when in alignment with the current argument being made, but works equally terrible once the narrative changes. Pick a lane. One that doesn't involve getting something for nothing. #sustainability
Stop with the everyone wants free stuff. I never came here because it was free, it was promoted as an ability to earn rewards for your participation. Totally different concept than those who didn't pay anything for you to participate on their sites while they made money off advertising. So what could conceivably be wrong with participating in a site that shared the revenue. It definitely isn't communism.
I admit I have no idea how the whole mechanism works behind the blockchain but I do know this much, you can't run a business if you don't have any way to pay for it. Somehow money is generated and expenses get paid first, that means before rewards are given out.
Talk sustainability....yeah let's just see you go to making me give up my pennies to read your comments and how that will work for you in the long haul. No wonder you like communism because it would amount to working for the man worse than capitalism is.
It can't outside the model ran here where everyone shares in the pot left over.
This is an interesting topic on so many levels.
Do you ever wonder what democracy is all about? I don't know what country you reside in, but in the US we're led to believe that society is democratic.
Democracy doesn't exactly fit in with the the constitutional republic.
Did you know there is nothing to really regulate the printing of USD?
That people are working for the bottom tier crumbs of an inflationary debt note?
With this in mind, it starts to seem like government is not a for the people by the people kind of thing. I wonder what that amounts to?
Don't you think it would be somewhat sad if people are led to believe they are free but are actually hopelessly enslaved because of their ignorance, which is helped along further by the indoctrination system we call "school."
It will probably become more apparent when social credit system get's forced onto the people, but the masses still won't know what's happening, because sadly they've been conditioned to look the other way and digest what's easiest for their day to day enslavements.