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Signaling on the Internet
Most people, including Veblen, imagined ostentation was an inherent trait of the rich. I found, however, that it takes considerable coordinated effort to mobilize people into what looks likes the spontaneous waste of money, and the VIP nightclub has mastered it.
Ashley Mears • Very Important People: Status and Beauty in the Global Party Circuit
But it should be noted, this incentive system does lead to a signaling problem. To keep people motivated to believe, work hard and spread these decentralized environments, it’s very helpful that the prices of the shares (ie., tokens, etc) and that triumphant vibe within the culture — all plausible evidence of the potential size of the prize and our... See more
Jonathan Glick • Web3's Great Gambit: Incentives for the Almost Impossible
A new business type here is the paid community: a direct subscription to join in. Today, most paid communities live on the outskirts of existing social platforms. But as they become normalized, paid communities are becoming a viable business model for smaller-scale social networks aiming to be both profitable and socially sustainable.
Toby Shorin • Come for the Network, Pay for the Tool
Status Traps: Learning from Web2 Social Networks - a16z crypto
Andreessen Horowitz (AZ)a16zcrypto.com