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Comment by seibelj | Hacker News Reader

I think this definitely answers "what is blockchain good for". It will allow subreddits to monetize effectively and encourage users to post quality content using economic incentives.

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Yeah, this is what reddit needed - now bots will keep reposting content not only for Karma(and they are coping whole comment trees, not just main submission) but for real money (or at least something tradeable for $)

Content gilded or awarded value by Reddit users at large isn't the same as quality content.

Notice the higher signal on Hacker News, with no compensation, because high quality contributors want to contribute with no compensation and moderation is consistent and intentional.

Hah! If the web and cryptos has taught us anything, this will be abused to hell with SEO content and all kinds of scummy techniques to get posts to the post. Expect allegations of mod power abuse, stolen content, shady cross subreddit "collaborations" and much more not that people can make money on their submissions.

Yeah, this honestly feels far more likely to kill reddit than improve it.

That's quite a hair to split. Killing reddit may be the best improvement possible.

On the other hand, if it were killed the cancer would spread more aggressively.

> It will allow subreddits to monetize effectively and encourage users to post quality content using economic incentives.

Quality content, properly understood, is almost always created because of other-than-economic incentives. In actuality, economic incentives are in conflict with its production, and quality only emerges with the economic incentives are (at least partially) subdued.

>I think this definitely answers "what is blockchain good for"

I thought we had already arrived at the answer to that: "nothing (good)"

There are some interesting use cases being looked at by big companies such as Microsoft’s decentralised identity provider, Starbucks for coffee supply chains, and Many banks for interbank transfers etc.

Not sure I see the need for a blockchain here, couldn't they just store points in their db and scale much better with less complexity? Whats the blockchain advantage here?

These BRICKS and MOONS are ERC20 tokens which means they can be traded with other users on things like Uniswap, used as collateral for loans on Compound, and integrated into games such as Cryptovoxels. Being a token enables a lot more use cases than simply being another number in their servers.

I imagine they're playing the long game and have future additions in mind.

I think many people confuse quality content with popular content.

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