4 ms·

I think this definitely answers "what is blockchain good for". It will allow subreddits to monetize effectively and encourage users to post quality content usin

I think this definitely answers "what is blockchain good for". It will allow subreddits to monetize effectively and encourage users to post quality content using economic incentives.

SigmundA 6y ago
Not sure I see the need for a blockchain here, couldn't they just store points in their db and scale much better with less complexity? Whats the blockchain advantage here?
- ikeyany 6y ago
  I imagine they're playing the long game and have future additions in mind.
- Sargos 6y ago
  These BRICKS and MOONS are ERC20 tokens which means they can be traded with other users on things like Uniswap, used as collateral for loans on Compound, and integrated into games such as Cryptovoxels. Being a token enables a lot more use cases than simply being another number in their servers.
arkitaip 6y ago
Hah! If the web and cryptos has taught us anything, this will be abused to hell with SEO content and all kinds of scummy techniques to get posts to the post. Expect allegations of mod power abuse, stolen content, shady cross subreddit "collaborations" and much more not that people can make money on their submissions.
- rsynnott 6y ago
  Yeah, this honestly feels far more likely to kill reddit than improve it.
  - lonelappde 6y ago
    That's quite a hair to split. Killing reddit may be the best improvement possible.
    - jshevek 6y ago
      On the other hand, if it were killed the cancer would spread more aggressively.
toomuchtodo 6y ago
Content gilded or awarded value by Reddit users at large isn't the same as quality content. Notice the higher signal on Hacker News, with no compensation, because high quality contributors want to contribute with no compensation and moderation is consistent and intentional.
Asuchug4 6y ago
Yeah, this is what reddit needed - now bots will keep reposting content not only for Karma(and they are coping whole comment trees, not just main submission) but for real money (or at least something tradeable for $)
vorpalhex 6y ago
I think many people confuse quality content with popular content.
M2Ys4U 6y ago
>I think this definitely answers "what is blockchain good for" I thought we had already arrived at the answer to that: "nothing (good)"
- exdsq 6y ago
  There are some interesting use cases being looked at by big companies such as Microsoft’s decentralised identity provider, Starbucks for coffee supply chains, and Many banks for interbank transfers etc.
- exo762 6y ago
  There is no "we".
ardy42 6y ago
> It will allow subreddits to monetize effectively and encourage users to post quality content using economic incentives. Quality content, properly understood, is almost always created because of other-than-economic incentives. In actuality, economic incentives are in conflict with its production, and quality only emerges with the economic incentives are (at least partially) subdued.

I think this definitely answers "what is blockchain good for". It will allow subreddits to monetize effectively and encourage users to post quality content using economic incentives.

SigmundA 6y ago

Not sure I see the need for a blockchain here, couldn't they just store points in their db and scale much better with less complexity? Whats the blockchain advantage here?

ikeyany 6y ago
I imagine they're playing the long game and have future additions in mind.
Sargos 6y ago
These BRICKS and MOONS are ERC20 tokens which means they can be traded with other users on things like Uniswap, used as collateral for loans on Compound, and integrated into games such as Cryptovoxels. Being a token enables a lot more use cases than simply being another number in their servers.

arkitaip 6y ago

Hah! If the web and cryptos has taught us anything, this will be abused to hell with SEO content and all kinds of scummy techniques to get posts to the post. Expect allegations of mod power abuse, stolen content, shady cross subreddit "collaborations" and much more not that people can make money on their submissions.

rsynnott 6y ago
Yeah, this honestly feels far more likely to kill reddit than improve it.
- lonelappde 6y ago
  That's quite a hair to split. Killing reddit may be the best improvement possible.
  - jshevek 6y ago
    On the other hand, if it were killed the cancer would spread more aggressively.

toomuchtodo 6y ago

Content gilded or awarded value by Reddit users at large isn't the same as quality content. Notice the higher signal on Hacker News, with no compensation, because high quality contributors want to contribute with no compensation and moderation is consistent and intentional.

Asuchug4 6y ago

Yeah, this is what reddit needed - now bots will keep reposting content not only for Karma(and they are coping whole comment trees, not just main submission) but for real money (or at least something tradeable for $)

vorpalhex 6y ago

I think many people confuse quality content with popular content.

M2Ys4U 6y ago

>I think this definitely answers "what is blockchain good for" I thought we had already arrived at the answer to that: "nothing (good)"

exdsq 6y ago
There are some interesting use cases being looked at by big companies such as Microsoft’s decentralised identity provider, Starbucks for coffee supply chains, and Many banks for interbank transfers etc.
exo762 6y ago
There is no "we".

ardy42 6y ago

> It will allow subreddits to monetize effectively and encourage users to post quality content using economic incentives. Quality content, properly understood, is almost always created because of other-than-economic incentives. In actuality, economic incentives are in conflict with its production, and quality only emerges with the economic incentives are (at least partially) subdued.