I don't understand. What am I missing?
It appears to me as an overlay designed to restrict information flow so you can sell the flow to the highest bidder. Designed to control manipulation, rather than prevent it. 🤫🤮🤑
Post by twetch#3375
It's more risky to try to benefit from manipulation than from telling the truth and cooperating. Boost increases the risk because everyone must lose before they can gain. Truth-telling cooperators will be able to afford more.
What the chain says
- Block
- 630 265
- Time
- 2020-04-12T12:47:51Z
- Signer
- 1Abd9yJS6mrzMmj1Ni6kjQB9GqtyaNujrm
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#3375
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1Abd9yJS6mrzMmj1Ni6kjQB9GqtyaNujrm VerifiedReplies (13)
1/5
It's less risky to benefit from manipulation when you can influence the information flow than when you can't. When you can set the price and hence the barriers to entry above your competition you have a monopoly.
Boost may increase the risk, but
2/5
it decreases the RELATIVE risk for those with more capital or following. Allowing a self reinforcing loop where they can use their privileges and grow a network effect to maintain their dominance & stifle their competition.
Why should truth telling
3/5
cooperators be able to afford more?
I have no problem with attempts to layer profits on services. I feel it's becoming somewhat off track focusing so hard on the signalling effect of transactions.
Instead we can focus on the plethora of opportunities
4/5
to add layers to services that build on the newly aligned interests of user bases that micro transactions bring.
The opportunity to deliver what the user wants. Capitalizing on the untapped efficiency of aligning the user with the product. Away from
Read "Biological Signals as Handicaps" Grafen 1990.
You can't control information flow with Boost because we just rank all content by proof-of-work.