News for hackers. Stuff that matters.

A comment on A Social Network Doling Out Millions in Ephemeral Money. Parent comment

Re:A Social Network Doling Out Millions in Ephemeral Money by aaron-lebo on Thursday October 05, 2017 @11:33AM (#15409992)
They're interested in their network getting big so they can make money. There's not much nuance to it. You can spin it another way but read the thread. It's a soulless money grab, and it's disappointing because they actually have decent software.

Once you've built a core community that is first and foremost interested in ICOs and cryptocurrencies, how do you get out of that?

[ Parent | on HN ]
Re:A Social Network Doling Out Millions in Ephemeral Money by cryptoctopus on Friday October 06, 2017 @02:40PM (#15419243)
Anybody who has STEEM benefits from increasing the network effect, not just him silly. Bitcoin and Ethereum has the exact same incentive to do so.

The idea is to create thousands of micro community who have their own ideas of where their communities wants to go. They can use their own tokens with their own economics if they happen to not agree with: 1. The inflation rate 2. The curation reward curve 3. The initial distribution

[ Parent | on HN ]
Re:A Social Network Doling Out Millions in Ephemeral Money by RangerScience on Thursday October 05, 2017 @03:24PM (#15411883)
Clone, rebrand and remarket it, using the battle-tested tech of the first community?
[ Parent | on HN ]