22 Comments 7 Reposts 4 QuoteReposts 7 Reposts 49 Likes 51 Diamonds

Comments (work-in-progress)

@ZeroToOne - Jun 13, 2023
Thank you for sharing the great proposal @nader

I like how you elegantly entangle all traditional revenue models of centralized reddit with new crypto based concepts (for example the NFT Ad promotion). Over time, I think there might be an issue with overpowered users, e.g. users/ creators that have become very successful and thus can dominate auctions. However, I think an affected community can agree on a set of rules to lower such an impact.

I am not sure whether I agree with the chart you provided about crypto based utility for social media platforms such as Reddit. I agree with the superior financial advantage in the beginning of a blockchain social media project. However, I believe the total utility should be equal to the financial utility during the early phase of the project (unless you think there is a negative application utility in the beginning, which I don't see). Then, once the application utility increases with the number of users, the financial utility decreases because there are more users competing for "rewards" and "tips". I also suspect additional appreciation potential of the coin value will decrease over time because the price of the coin will increase with time (hence less additional upside potential).

However, the financial utility will never reach zero because users will still be able to earn good money with the platform (independent from the incentive scheme you described above). I therefore believe the total utility for a user of a blockchain & crypto based social network should ultimately be higher than for a user of a traditional social network.

I sketched the attached chart by hand. Hopefully it gets my message across. The positive difference between the total and the application utility at the end of the curves is the "blockchain/ crypto dividend" of blockchain based social media, which traditional social media just cannot match.

P.S.: The flattened out application and early financial utility curves should have the same height. Excuse my sketching ✍️. Post got edited a few times for spelling, grammar and additional explanation.
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@olin_patterson - Jun 13, 2023
Timing seems perfect.
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@mcmarsh - Jun 15, 2023
Is this a proposal for a team to take on
Or a core project?
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@ElrickErikose - Jun 13, 2023
Time is now… but how we can jump in? 😊
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@nikolaiii - Jun 19, 2023
We're currently developing our proposal and have identified some innovative strategies to make it great and fully on-chain! However, we have a few queries for @nader:

When you mention "allocate 100M coins to content creators", are you referring to the project tokens? If that's the case, how are these tokens valued? It would make sense if the DeSo Foundation allocated DeSo coins for a project like this to be distributed, oytherwise why would project tokens hold any value for new users?

Regarding "The Vampire Attack" - are you suggesting that the new project should launch with its own set of usernames, without considering the usernames already existing on DeSo?

Your feedback would be greatly appreciated and extremely beneficial for our project!
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@Miniyo - Jun 13, 2023
You need a grindr or tinder !
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@pall3n - Jun 15, 2023
This is great, some interesting ideas which as you say @nader have previous proof of success.

One question on the seeding of accounts for reddit users. Would this require the "Forums" app to pre-register accounts, store the seed phrase and then hand that over when users come to claim them? Or is there a more secure way where the app would never touch the keys.

I really like the potential a token has with creating incentivises, however I struggle to come up with how you would incentivise quality content over just low quality trash. Tying it in with social actions such as likes, diamonds etc could work but again could be played. I actually have this setup on Mity where all users have a (currently hidden) points score where different points are earned for posts, re-posts, diamonds, likes etc. @nader, have you had any ideas around solving incentivising quality over quantity for posts?

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@AlexToma - Jun 13, 2023
I'd love to do frontend work on this

I've been doing frontend work for an hourly rate at a company called WebTrust

https://webtrust.agency/

I will do a really good job and work really hard 🙏🏼
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@Christolong - Jun 13, 2023
What happened to releasing proposals in order of popular vote?

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@nader - Jun 14, 2023
It's here! proposals.deso.com -> https://proposals.deso.com/docs/openfund
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@ZeroToOne - Jun 13, 2023
@nader did what was necessary: taking advantage of latest events surrounding Reddit.
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@Christolong - Jun 13, 2023
Good point - thx!
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@NathanHeffelman - Jun 13, 2023
Anybody got 6 months of development into a deso reddit app?

... Anyone?
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@tonylewis - Jun 14, 2023
We built @zirkels because he wanted a medium like competitor and we definitely saw value in it. He signed up, posted something and never touched it again.
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@NathanHeffelman - Jun 14, 2023
Nice. I went over and checked it out. I will start using it to view deso blog posts. Last time I checked, desoblogs looked down. Keep plugging away. I think the hardest part of development is getting people to use your app. Medium even shot themselves in the foot making people pay. But they have the network effect. I will add zirkels to my list of deso apps.
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@0xAustin - Jun 15, 2023
One man can't give you user adoption. You should be thankful for a signup and post, not complaining ser.
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@DiamondThumb - Jun 19, 2023
hey jerky, @nader should be thankful for an endless supply of new unsuspecting builders.. desolist.cc - a graveyard of neglected community go build a reddit for him. then tell yourself would i jump off the Brooklyn bridge if he asked? @nader could enter his proposal into openfund. and fund his own idea.. set bounties for reddit this and reddit that. it will get built. and the community can participate... these little @nader proposal "suggestions" are BS ..and he wont be back to comment.. he'll just create another proposal for something else off-target.. hire a PR person @nader. you are offending the people invested (& now stuck) in DeSo.. you have a responsibility to community.
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@pall3n - Jun 14, 2023
Not been any work recently but @mityxyz was a start
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@desosaisal - Jun 14, 2023
This is awesome 👍👍
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@slaynetwork - Jun 13, 2023
We hope you win
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@BeemanBrown - Jun 17, 2023

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@DeepakDubey - Jul 07, 2023
Won't reditt sue for using the word reditt 😂 or just like Elon did for copying twitter lol
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@ceponatia - Jun 21, 2023
How would you propose to solve the issue of storing images and video on a gigantic, decentralized entity that relies on images and video to be useful? This is something that hasn't been solved on DeSo and Forums would have orders of magnitude more images and videos, wouldn't it?
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@BTC_Coin - Jul 19, 2023
good
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@Bordo - Jun 29, 2023
Coming from Reddit, and combing through what seems to be everything social media platform the biggest hurdles are finding decentralized networks that offer communities. Communities run by people is what gave Reddit its explosive growth.
Content most of the decentralized networks have a focus on crypto in one way, or the other. While that is great it is only a minor good as the masses do not care about crypto. They care about stupid cat videos, politics, music, and a enormously wide variety of content that crypto forward platforms cannot achieve without numbing the crypto talk to make way for the rest, or mod ran communities to escape what many feel to be the endless droning of “to the moon” content. Don’t get me wrong I don’t take issue with that part. I’m trying to see things through the eyes of others, and in a way that facilitates exponential growth. Crypto itself won’t do that. Creating a platform that people can do with as they please, and thus exploding content in all directions will. That is the biggest reason I look for NSFW content on a platform. I don’t care about, or consume NSFW content, but it is a key indicator that a platform said fuck man let them run the site, and up until relatively recently Reddit was that. That more than anything was the appeal of Reddit.
I see two paths for decentralized networks from blockchain to Nostr, and everyone in between.
Focus on exponential growth requiring among the biggest evils in this world “marketing” at the cost of diluting the content those currently engaged in on the platform to something unrecognizable, and thus isolating the core pioneers of decentralized networks, or maintain the status quo.
Keep it a small community of like minded individuals, and basically have a community that is independent of an over arching platform focusing on broader topics, and more popular topics.
Neither path is a bad one.
It boils down to what do you want to see with the platform you currently enjoy engaging with.
On a side note
The reason I landed here from Reddit is content thus far Desofy has shown the greatest diversity of content, and I’ve been through close to 100 platforms trying to find somewhere to be.
So high 5 yourself for that.
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