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> well, that's like, just your opinion, man, and rather ironically an opinion that depends not on any honest attempt at assessing the prevalence of the problem
by csdvrx 5y ago
> well, that's like, just your opinion, man, and rather ironically an opinion that depends not on any honest attempt at assessing the prevalence of the problem but is constructed for the sole means of pandering to an in-crowd.
Fully agreed. Markets exist to convert the various forms of capital.
For example, you participate in the labor market, where you convert your education and know-how into liquidity.
Cultural capital is already exchange for financial capital: art is sold, and people pay to visit prestigious museums.
What's missing here is a market where social capital can easily be converted into financial capital, at low cost and with as little friction as possible: the elusive "micropayments".
Remember the old idea of "commoditizing your complement": for web2.0 (social media), tech companies have commoditized the participation that create their core value. They benefited tremendously through network effects, sending these profits mostly towards the shareholders, with a few crumbs sent to the tech workers (I know a lot of people think developers are "highly" paid because they get paid low 6 digits wages, but in a company with over $1M in ARR per capita, I politely disagree)
I believe NFT/cryptos/etc. will pave the way for inverting this commoditization: well known authors/influencers will want to commoditize the tech companies, who'll have to respond by offering deals.
We are starting to see that: look on the gaming forums where people say they use Bing... because it pays for their free gamepass every month!!! Bing is good enough for what they do, so people react to the incentive and switch!
If you have the choice between, say instagram and tiktok, and it's essentially the same thing for you, you may decide to share content on instagram if they can compensate you in a way that's meaningful to you. It may be hard for them to give you cash, but it could be easier to give you something else that's essentially the same to you, or that can be traded for cash.