> Incentivized social software. Up until now, social sites have had to rely on non-monetary currencies such as likes, followers, karma, upvotes, etc. With Bitco

> Incentivized social software. Up until now, social sites have had to rely on non-monetary currencies such as likes, followers, karma, upvotes, etc. With Bitcoin we can add actual monetary incentives to the mix. This is happening organically on Reddit where users are tipping each other using Bitcoin and Dogecoin. Incidentally, this is a pretty bad idea, because of how the way people think about things changes when money gets involved. Someone said it well in a recent thread, so I'll defer to them - https://news.ycombinator.com/item?id=8392883 https://news.ycombinator.com/item?id=8392883 (AFAIK, most Reddit tips are only for a few cents, so the only real value is the acknowledgement that someone appreciated your post enough to tip you. This sidesteps the issue, but means that it isn't a good reflection of what would happen if you tried to make a real incentivized social network.)