BlockBeats News, February 1st, Vitalik Buterin posted an analysis of the history of content incentives in the cryptocurrency space, such as Steemit and BitClout. The main issue was the failure to effectively elevate high-quality content but rather amplify the influence of existing social status. He praised Substack’s successful model, which achieved content diversification and constructive discussions through manual curation of high-quality creators (such as the top 10 subscription authors).
Vitalik proposed establishing a non-tokenized DAO (such as Protocol Guild style) aimed at building a group larger than individual creators. This group would be able to cultivate a public brand, collectively negotiate for profit opportunities, but maintain a small enough scale for manageable internal governance.
The key is to have creator tokens act as a prediction tool, destroying some tokens upon joining the DAO to ensure that speculators serve quality selection rather than self-reinforcing hype. This way, token speculators are not just participating in a self-referential recursive speculation attention game. The ultimate outcome will be high-value content creators. Whether individual speculators can continue to participate in the game and profit depends on their ability to accurately predict the actions of the creator DAO.
