Thread by @Andrey4Mir

@mmasnick @doctorow @jack Sorry, now yes.
You mostly listed the models that have already failed the mass media - precisely because they provided just a somehow directed channel while platforms provide personal targeting on a scale that... (bla-bla)
Brand advertising? I dunno, I liked old cozy media, too..

@mmasnick @doctorow @jack As for subscription - to what? content? no need to waste time discussing it. Now it's content chasing people, not the opposite. The utility of the interface itself? How is the entry fee supposed to encourage entry?

@mmasnick @doctorow @jack What I find extremely interesting is tokenization of time spent on protocol. If it produces some use for the ecosystem, like Blockchain, it will be very interesting. Reminds the reproduction of classic Marx's capital via producing additional value out of "time spent" as "labour".

@mmasnick @doctorow @jack But I have no idea how to convert engagement time to value.
The closest approach to "social Blockchain" seems to be made in China. People contribute, indeed, with their behaviour (attn, time, socialization efforts) to their and communal social capital and the work of ecosystem.

@mmasnick @doctorow @jack But this grows the opposite side of it - the dictatorship of social scoring and those who establish the rules of score assessment. Though it’s another topic.
So, there could be some, mainly old, ideas for protocols, but not a business model yet.

@mmasnick @doctorow @jack As I say in my book, those who invent how to marry non-harmful engagement with a business model will deserve the Nobel Peace Prize. Wish you to be the one.

@mmasnick @doctorow @jack Sorry for these stupid remarks, but one more of these: I feel like you treat users as if they are rational, can understand what they use, can choose what to use and know what they want. So you treat them like yourself. It's nice, but it's kind of survival bias.