Fact is, the Lemmy ecosystem needs money to handle the growing server reqirements as more people migrate as well as the development cost of new features (I know Lemmy is OSS but the devs should still get some compensation for their effort).
Seeing how much some reddit users love awards so much that they cant stop giving money to Reddit to award posts protesting the api change, this could be a great way for users to voluntary support the ecosystem. It can be easily ignored by users not caring about them (clients could even add an option to hide them), but users liking the feature can go wild and this time the money goes to volunteers keeping this alive instead of greedy admins, power mods and investors.
Though there would be some big organization questions attached: attached:
- Which server handles the payment? A centralized one, the one where the post was made or the one where the user giving the award account was created.
- How will the money be shared between the Devs and the individual instances in a way that is fair but cant be abused easily.
Forget useless awards, we need c̶r̶y̶p̶t̶o̶c̶u̶r̶r̶e̶n̶c̶y̶ tipping abilities baked in here.
Edit: never mind
Yeah, replacing useless rewards with useless crypto. Amazing idea.
yeah, money sucks
Crypto isn’t money pal, it’s a digital commodity that doesn’t have a purpose other than to be traded. There is a reason crypto’s value is measured in actual currencies rather than it’s purchasing power, as you can’t really buy much with it.
Right but creators can exchange it for money to like, pay bills and stuff. Don’t be daft
Edit: you can donate to lemmy in crypto https://join-lemmy.org/donate
Why if it’s a scam?
Then why not just give them money?
Ok, should I write a check? Who do I make it out to? How bout direct deposit: just give me the bank account number. Why is lemmy anti-crypto?
“Why not just give them money?”
Because every way to do it is trackable and cryptocurrency offers privacy-protecting ways to pay people. This should be important to this community. Nobody batted an eyelash opening their wallets to Reddit for coins, awards and nfts, but crypto is the scam? Ok
Well you could always try to give cash ;)
Snarky remarks aside, I’m not saying crypto is inherently a scam (although I do think it is more or less reinventing the wheel). I think it’s less efficient than fiat currency at this point since you need to convert your crypto to make much use of it. I can see your point about privacy protection given that transactions and accounts are supposed to be anonymous (although I have some privacy qualms about all transactions being put onto a distributed public ledger), and anonymity can be necessary if you’re suffering from persecution. But with anonymity, how do you prove your ownership over your crypto assets should you lose access to your account, or have it stolen? That’s a very critical drawback to crypto.
Monero would be the obvious choice of cryptocurrency for this community. No public ledger. Like the lemmyverse here, no currency is powerful until many people use it, so instead of resisting, which simply reinforces the status quo and keeps the companies in control, dive in and help grow the ecosystem, like you’re doing here!
Regarding your last question, I could ask those about cash. Crypto is a lot like cash, and if you lose it you’re kinda screwed. You just need to learn how to keep a hardware wallet safe.
Fine. I’ll say it for you. Blockchain, specifically, is an enormous scam.
I’m sorry, but for me (and I’m not alone in thinking that), cryptocurrency is just a big scam. Also, if you can donate money directly to creators (to pay for bills and stuff), there’s no need for any crypto wathever.
OK, thanks
crypto is the beanie babies for this generation. Some people are going to make a lot of money but a vast, vast majority are going to be the proud owners of something worthless that they spent a lot of money on.
OK, thanks
You don’t have to put your life savings in, just use it to send 5 bucks across the network the same way you use Venmo
To what end? So it can get converted into a real currency immediately? I understand (since you spammed it everywhere) that you can donate via crypto, but that’s only because crypto can be converted into a real currency.
Give it up, my friend; fetch isn’t going to happen.
this comment is fetch.
Ok I give up crypto is the worst thing ever
I can, via AliPay or WeChat wallet, reach out and send money to anybody on the AliPay or WeChat networks in seconds.
How long does an average Bitcoin transaction take again?
For small transaction (under 1000RMB/~US$140) there are zero transaction fees. For small businesses (doing under 10,000RMB/mo. in transactions) there are zero transaction fees as well. After that 10,000RMB limit is reached the transaction fees cap out at about 2% (they start smaller and ramp up as transactions increase).
What’s the transaction fee for Bitcoin transactions again?
If fraud happens when I buy something (like a business sends fake goods, or doesn’t deliver anything, etc.) the Ali Network (or Tencent for WeChat) steps in and reverses the transaction. I lose nothing. In addition if a business was egregious in its fraud, or has a history of doing it, the Ali Network (or Tencent) can and will remove that business’ ability to, well, do business. A cancer is excised.
What’s the recourse for bad transactions on Bitcoin again?
Donating via Bitcoin is the dumbest single way to donate. It’s slow, it’s expensive (robbing the people you’re donating to of cash!), it’s unreliable, and it’s prone to abuse.
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Just being decentralised doesn’t mean they have anything else in common.
Please, let’s not. Social media is best without any monetary incentives. If you want monetary compensation for your shit posts you can set up a Patreon or whatever blockchain equivalent you prefer. No need to embed it directly into the platform.
Regarding cryptocurrency, it’s negatively viewed upon because it’s heavily infested with scams. There’s no trust in it anymore. Quite poetic, because “trustless” is one of its main buzzwords.
I’m taking about creators like people who might use lemmy as their primary place to display the fruits of their efforts, be they photographers, artists, programmers, NSFW models, the list is endless. Integration of cryptocurrencies to pay people flies in the face of what these people currently must do, which is go to YouTube or onlyfans to profit, leaving these companies to take more than their fair share. Giving a way to pay people right here would grow the community and decrease reliance on these third party companies that indirectly pay people off the views they generate through ads.
It’s just obvious, and whether or not people like it, crypto payments will get integrated in the l̶e̶m̶m̶y̶v̶e̶r̶s̶e̶ fediverse in time