To be clear, this wouldn't address your issue of adequately paying creators, which would still need to come from consumers via advertising or subscriptions at level 2. It would be more of seed funding, and a way to transition from L1 to L2 management of rewards without an abrupt cutoff of funding. In theory, if stakeholders were agreeable, the funding could even be unchanged at that point of transition. Such a change need not be seen as "getting rid of L1 rewards" so much as restructuring how they work and getting explicit buyin from stakeholders that they are worthwhile at any particular level.
this wouldn't address your issue of adequately paying creators...
But it can lead to it. Base layer is limited as I dont think it can sustain any serious creator ecosystem and obviously stake holders right now would rather spend their voting power on voting stabilizer comments then spending it on other users, contributors, authors, writers, whoever.
So its obvious they see value elsewhere.
Its also limiting as it doesnt encourage the search for alternative sources of rewards or innovative systems.
need not be seen as "getting rid of L1 rewards" so much as restructuring
yeah, completely agree. I do mention it in the post... we need to develop an idea of how to use that inflation taken from author rewards in a efficient manner.
To be clear, this wouldn't address your issue of adequately paying creators, which would still need to come from consumers via advertising or subscriptions at level 2. It would be more of seed funding, and a way to transition from L1 to L2 management of rewards without an abrupt cutoff of funding. In theory, if stakeholders were agreeable, the funding could even be unchanged at that point of transition. Such a change need not be seen as "getting rid of L1 rewards" so much as restructuring how they work and getting explicit buyin from stakeholders that they are worthwhile at any particular level.
But it can lead to it. Base layer is limited as I dont think it can sustain any serious creator ecosystem and obviously stake holders right now would rather spend their voting power on voting stabilizer comments then spending it on other users, contributors, authors, writers, whoever.
So its obvious they see value elsewhere.
Its also limiting as it doesnt encourage the search for alternative sources of rewards or innovative systems.
yeah, completely agree. I do mention it in the post... we need to develop an idea of how to use that inflation taken from author rewards in a efficient manner.