Source
r/CryptoCurrency•
ConnectionOk404

On Twitter and Crypto. Why it's gonna be terrible.

FOCUSED-DISCUSSION

Twitter for better or worse is a very polarizing place. It creates echo chambers that teach people to grind for internet likes and followers.

And in the other hand we have crypto. A very convenient way to transfer funds between individuals. It's pretty transparent, with exception to Monero, so lets remove the blackmarket part of it for now.

Lets now take a look at r/CC. A subreddit where posts and comments are rewarded with karma. We've seen how people are moon farming, some even turning it to a pseudo job. We've been using governance to curb low quality content and promote good ones. We're working on it and somehow people are still finding new ways to abuse the system.

Finally we have Twitter with crypto tipping. The biggest problem I see from this Twitter/Crypto will be exactly what happened here in r/CC before we implemented governance polls. People in Twitter will double down in their echo chambers creating a more toxic/polarized socmed.

It's tough looking at it as someone who is pro-crypto. Adoption at the expense of society going a path that's terribly self destructive.

Posted Sep 24, 2021, 2:31 AM UTC

258
Pristine-EggplantBronze•

Alternatively, it could be an intuitive way to assess the real credibility of people’s influence without the support of tens of thousands of bot accounts run by foreign countries, adversaries & self-bought “clout”

7
ConnectionOk404OPPlatinum | QC: CC 438•

It teaches people to pander to the majority. Majority being the people willing to tip.

1
Pristine-EggplantBronze•

Yes, but there isn’t a plausible way for nefarious actors/bot farms to tip without it being obvious it’s coming from a small number of sources. Could very effectively allow twitter to effect some real change and get rid of harmful misinformation machines. I just don’t have confidence that they would do a good thing like that

1
ConnectionOk404OPPlatinum | QC: CC 438•

Or alternatively it turns misinformation machines a competition to who has more money to win. Which Twitter wouldn't be against if it gains them more profits and attention.

0
Pristine-EggplantBronze•

They are not mutually exclusive

0
100problemssPlatinum | QC: CC 499•

I agree. I don’t think it’ll be anything like this sub.

0
GarrydosPlatinum | QC: CC 414•

Twitter was already terrible before. Nothing new here.

5
ConnectionOk404OPPlatinum | QC: CC 438•

It could get worse. :(

1
techsupport261Tin•

Twitter isn't giving crypto away like r/CC is. People earn BTC by other's liking their content and tipping them BTC from their own wallets, it is incomparable to r/CC. A closer comparison would be r/CC to Youtube, where content creators get paid by likes.

4
ConnectionOk404OPPlatinum | QC: CC 438•

You underestimate the power of crowd sourcing. Twitter actually already finances their users by virtue of their platform and with an extra step they can add a patreon link for money. Integrating tipping will make a difference. It opens up a bigger network who will have the ability to tip now. But yes, YouTube is a better comparison.

1
nthgenPatience, young Moonwalkers...•

I agree. Twitter will have farmers, but not to the extent that this sub has.

We give upvotes at no cost to ourselves.

That's a big difference.

1
[deleted]•

[deleted]

2
LetsMakeSomeMoneyGuyPlatinum | QC: CC 170•

Her crypto don’t lie

1
bit0fun •

How is it any different than here with moons?

Edit: realized that's basically what you said. Except don't know if it'll be 100% the same, since it's not like each tweet will automatically make them some bitcoin

2
ConnectionOk404OPPlatinum | QC: CC 438•

We have governance polls which is approved democratically.

0
questionablelyricistBronze•

I think you're not aware of publishOx, Hive or read.cash. Writers get tip for their content on a voluntary base, by the people who read it. And it's not toxic.

2
ConnectionOk404OPPlatinum | QC: CC 438•

I'm looking at history of Twitter and scale.

-1
samuel19xdPlatinum | QC: CC 657•

A few good things that may have been overlooked.

Twitter can be the next Onlyfans (v2?!). So that those strippers creators don't need to advertise on Twitter and earn on Onlyfans. It's can be an all-in-one platform. (You see how Bitcoin solves this?)

Twitter can also be used to transfer money around the world like PayPal alternative. (Yeah, like why not?)

2
ConnectionOk404OPPlatinum | QC: CC 438•

I actually know about the pros it's mostly financial and convenience. I'm complaining about the societal aspect.

People here have turned sour with the quality of posts in r/cc. And to think we're a self governing sub we can curb a lot of abuse.

Twitter though, has had history of not being fair. Them having more power to mold society doesn't sit well with me.

1
Captainwelfare2Platinum | 6 months old | QC: CC 804 | PoliticalHumor 66•

I just don’t understand why anyone has ever used Twitter. It’s always been a garbage platform with garbage limitations. Would give away my BTC there if you paid me in eth.

2
ConnectionOk404OPPlatinum | QC: CC 438•

I share your sentiments for sure.

1
BlazeDemBeatzPlatinum | QC: CC 197•

Yep. I basically said this in a earlier discussion.

2
SnowSmellSilver | QC: CC 149 | BANANO 40•

I'm not sure it is possible for Twitter to get more polarized. So I don't think that's much of a concern.

2
ConnectionOk404OPPlatinum | QC: CC 438•

I never underestimate the power of stupidity especially in groups.

2
SnowSmellSilver | QC: CC 149 | BANANO 40•

Fair enough

2
deathtoluckyPlatinum | QC: CC 943, ETH 22 | TraderSubs 22•

So you’re saying to get on the crypto Twitter farming early before governance is implemented? Next level farm move OP!

2
ConnectionOk404OPPlatinum | QC: CC 438•

That's one way of looking at it. Hahah

1
bladefreak326Platinum | QC: VTC 34, CC 657•

Y'know. In another point of view, maybe it gets SO bad that people might finally have enough of twitter and the type that causes toxicity, which will make them stop using twitter and giving toxic assholes cloud in another platforms. One can only hope...

2
ConnectionOk404OPPlatinum | QC: CC 438•

Money has a strong pull on people.:(

2
bladefreak326Platinum | QC: VTC 34, CC 657•

That and no thinking of long term effects of things happening. People just rush in whenever they see something that seems easy and good for short term without thinking...

2
ubshepsTin•

The fact that this gets massive mainstream attention is great for crypto but I’d don’t disagree that their will be challenges in the roll out.

1
ConnectionOk404OPPlatinum | QC: CC 438•

I'm honestly just concerned that Twitter is already an echo chamber. Adding the function to finance people will just increase the problems.

1
Complex-Ad2035Platinum | QC: CC 286, DOGE 55•

I'm more afraid with people putting their wallet address on twitter. I feel like there's going to be a problem if, for example, some hacker send to a wallet address of someone in twitter or some similar situation.

1
ConnectionOk404OPPlatinum | QC: CC 438•

That's a more technical problem but I see your point.

1
preemcuzBronze | QC: CC 17 | WSB 10•

I was thinking something similar. I see a lot of stupid people posting their addresses everywhere. A lot of people are gonna get ripped off somehow.

0
ndgoLibertyPlatinum | QC: CC 99, DOGE 281, ETH 56 | MiningSubs 59•

On the topic of tipping I know people who work for $2.35 an hour with tips otherwise known as absolute minimum wage IN 2021

They have zero ability to survive at all. The government pays for all of their activities.

Meanwhile the owner of the restaurant probably makes 70% margins on the food. And is very wealthy.

Is that not a perfect example of the rich directly stealing from the poor and the government at the same time?

1
ConnectionOk404OPPlatinum | QC: CC 438•

Tipping in the service industry should be abolished.

1
ndgoLibertyPlatinum | QC: CC 99, DOGE 281, ETH 56 | MiningSubs 59•

I totally agree, on the sentiment. I think a better solution would be requiring actual minimum wage up front so that the tips could actually add up to a real amount and not just barely get you back to minimum wage.

1
JoeYo743 Moon Sweet Home•

Theres always a bright side to things. This is just the beginning to a lot of innovation in the field. The field is so young so why not, let them experiment with it

1
ConnectionOk404OPPlatinum | QC: CC 438•

Just hoping the bright side will pay off.

1
[deleted]•

[removed]

1
godisgeyyy Hodler since 2017•

I think we are just in starting phase in this and i hope it will be sorted soon

1
ConnectionOk404OPPlatinum | QC: CC 438•

I really hope so.

1
Okay_CrazyPlatinum | QC: CC 605, ETH 159 | TraderSubs 154•

I’m pretty sure that most of my Twitter followers are bots. lol

1
youtooleyesingPure as we begin, move by will alone•

Twitter is not rewarding upvotes with crypto so you can't compare it with our sub. We tip moons and only moons while on Twitter you tip in your local currency and the recipient get the tip in his local currency. The transaction happens on the bitcoin blockchain.

1
ConnectionOk404OPPlatinum | QC: CC 438•

I'm not comparing the infrastructure. I'm comparing people's greed.

1
youtooleyesingPure as we begin, move by will alone•

But all the concerns you pointed out and solutions to it are only tied to this sub. (moon distribution and their governance) while the tripping of moons here on this sub make the least problems is what I'm trying to say (no greed).

1
ConnectionOk404OPPlatinum | QC: CC 438•

Did you read the last line of my post? My concerns pertain to people doing stupid shit, behavioral changes, to gain internet cash.

We can all agree Twitter is already toxic as it is. Adding a built-in patreon will just promote more hive think. Pretty sure r/cc was a total different place before Moons. Twitter will just be a worse. Heck, with built-in patreon even more people will flock to it. Promoting more toxic culture.

1
youtooleyesingPure as we begin, move by will alone•

Show me the problems we have with tipping moons!

Show me where we promote toxic culture by tipping moons!

Everything else (all the toxicity) is tied to the sub (free money).

1