“Value is tied to scarcity, and scarcity on social networks derives from proof of work," says Wei in his article. On Instgram, TikTok, etc, the status is earned

“Value is tied to scarcity, and scarcity on social networks derives from proof of work," says Wei in his article. On Instgram, TikTok, etc, the status is earned through work IE posting a highly liked photo. TikTok dancing is hard, and people spend hours getting the perfect shot. That creates status, and it's broadcast globally.