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Comment by swalsh | Hacker News Reader

In the world of web 2.0, that's probably true. Paying people in hearts rarely translates to a viable business model.

In the world of Web 3.0. It might not be true. Smart contracts builds a way for creators to realize a larger share of the value they create, and for listeners who discover them early to be rewarded as well. In web 3.0, you're not rewarded with hearts, but tokens which can be traded for dollars.

This is a really cool project https://mirror.xyz/davidgreenstein.eth/3_TAJe4y8iJsO0JoVbXYw...

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You see, it'll be this really large triangle shaped thing! Every level of the triangle will make money off the levels below it. The best place to be is the top of the triangle, you'll make money off every transaction. Obviously the worst place to be is the bottom where transactions just cost you money.

It's all really exciting and has never been done before! Just buy some of this Invigeron, the reverse funnel system!

Who is going to host the actual content? This seems like a missed opportunity to create a decentralized music hosting platform, where artists get paid in proportion to bandwidth used. Something like file coin.

Music coin? https://musicoin.org/welcome

nice.

What's the difference between a heart and a token? If tokens can be redeemed for dollars, why can not hearts?

YouTube, Facebook, TikTok already do convert things like hearts into money. The terms by which they do are very arbitrary and seemingly opaque to me, an outsider of that. One undeniable benefit of web3 would be the possibly for immutable and transparent rules for compensation (whether those would be enacted for any given platform is unclear).

So basically the dream is decentralized "Buy me a coffee" buttons? I can self-host a WordPress site, install WooCommerce on it, and people can "heart" it using BitCoin, Stripe, or a variety of platforms. What's the advantage of web3 over that? (just trying to understand)

It's very now.

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