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RE: Content Consumers: They Spend the Money Anyway

in #life5 years ago

In some ways, we are already tipping. But, it comes at no extra cost for the stakeholders.

I don’t like WLS’ idea of tipping with no reward pool. Why would I jump through the hoops to get a “crypto” to do that when I can do the same on mainstream options with fiats that are faster?

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In theory, this method of 'tipping', here, provided enough consumers want to tip, is supposed to increase the value of a stakeholders account. The math adds up, we've just haven't tapped into that market yet. Currently the content producers here are also playing the role of consumer, and curating or tipping accordingly. The consumers need to outnumber the producers. There's a lot more to say about this business model. The potential has to be realized and embraced. Here's to hoping.

You're right about WLS method of tipping. All they're doing is creating a barrier. That doesn't create demand for the token either. As I stated in your post, if one buys one token, then gives it someone else, the recipient then sells. That's 1 million in, one million out. Here, I showed how 1 million in to a quarter million out is possible. Market to consumers rather than creators.

HF4, I believe at least, is going to be a huge disaster for WLS. I am refusing to update my witness which will likely spell the end of it - but I believe it to be the right thing to do. At least I feel that I'll be on the right side of history, anyway.

Well, unless I am wrong, which would be awesome, but I don't believe that I am.