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Total Economy: 0 USD
Most things on the internet have been free for about as long as they’ve existed, and most BSV business models are entirely “What if you paid money for an inferior version of this formerly free product?”
Personally, I find the algorithms used on sites like Reddit, Tik Tok, facebook etc. to be exploitive and abusive. If I can pay a few cents a day to avoid those, while still getting a diverse array of content at my finger tips, I view that as a superior version of the free product. I don't really notice a few bucks a week, I definitely notice when I've been over-exposed to abusive platforms.
sandysmoothie replied:
So you would spend money to read Reddit in chronological order? Or watch TikToks in real time as they are uploaded? I guarantee you would be begging for an algorithm in about 10 minutes.
token_squatting replied:
No, I would not enjoy those hypothetical situations. I do want an algorithm, one that is influenced by the economy generated by the posts and not based on gaming my weaknesses for engagement and clicks. Actually... You've given me an idea...
token_squatting replied:
Also you should check out BoostPow, they are working on something like this. https://boostpow.com/
sandysmoothie replied:
I checked it out, the top story a lame meme followed by QAnon crap. Second is an ad for BoostPow, then an ad for Twetch. No thanks. Not sure what you mean by an algorithm influenced by the economy generated from the posts but boostpow seems to work on how hard/expensive it was to generate the post, which is not a great metric. Or maybe you mean how much money it generated in tips? But that’s just a reflection of the tastes of people who spent the most money, def not what I am interested in
Personally, I find the algorithms used on sites like Reddit, Tik Tok, facebook etc. to be exploitive and abusive. If I can pay a few cents a day to avoid those, while still getting a diverse array of content at my finger tips, I view that as a superior version of the free product. I don't really notice a few bucks a week, I definitely notice when I've been over-exposed to abusive platforms.
These people suffer from the classic "confusing cause and effect" fallacy https://en.wikipedia.org/wiki/Correlation_does_not_imply_causation It's equivalent of thinking "gold is worth thousands of dollars, so if I take a dog shit and sell it to some gullible people for thousands of dollars, it probably means dog shit is as valuable as gold".
There are hidden costs however. One is being exposed to advertising. Micro txs give you the option of viewing content without the intrusion of advertising. Second is copying and use of your private data. BSV micro txs fueled content keeps your private data out of the hands of data companies. Third, those who do provide quality content free of advertising or private data capturing, are not likely to maintain indefinitely due to the demand on their time.
Its true.