It is said that creation is valuable, but how should it be reflected and maximized?

Continuing the above comments on two valuable tools to promote creation (Matters, LikeCoin), this article is more detailed by the definition of creation value, the way of expression, the source of value, the benefit of delivery and the prospect. How authors/readers currently use every penny they have to support the creation of a culture of value . Readers who are feeling bored can skip to the paragraphs of interest.

What is creative value

Before thinking about how to reflect the value of creation, let’s first look at what is “valuable” and what price means. In addition to the value of creation, I have also heard about the value of life, the value of conscience, the value of news, the value of professionalism, and so on. Often used to persuade/correct that the thing is undervalued in the object/society.

Whether the above prices are real money or people's values varies from person to person. But there is a price to return to creation, what price are you talking about?

Turn praise into rewards, give back to creation, and let your supporters support you with monthly tuition fees!

The goal of the campaign is to generate income for most of the authors outside the top, and the path is to encourage readers to allocate a monthly budget, coupled with a matching creation fund, to turn praise into micro-payments with extremely low resistance, and give back to niche authors and authors. work.

Matters hopes to reconstruct the content value ecology around public issues and knowledge production, build a high-quality community platform, and protect creative copyrights; use unique algorithms to make high-quality content emerge, and use digital currency to allow creators and participants to obtain continuous returns.

Judging from the above data, the creation value of the two tools is defined as income in the form of convertible money.

How to reflect creative value

Since the creation of value refers to income in the form of money, this naturally involves the circulation of daily money. Mainly divided into two types: equivalent exchange; donation.

Equivalent Exchange - The seller provides the service, and the buyer pays the seller's price to get the service . For example, buy content (fiat money to buy books), membership system (Matters " around the fire ").

• The pricing power and method rest entirely with the seller. Under the premise of maximizing interests, the seller should choose the payment method that is most beneficial to him and force the buyer to comply.
• The buyer can only choose to buy / not to buy and cannot choose the payment method.

Donation - The recipient provides a donation method. The donor does not give the value of the gift to the author on the premise of return. The purpose of donation is to hope that the other party will receive the transmitted value. For example, Matters supports authors (you can choose the amount of fiat/LikeCoin according to the content), Appreciate Citizen 1.0 (you can choose the amount of applause according to the content to control the distribution of the monthly fee matching fund), Appreciate Citizen 2.0 (you can choose the amount of fiat currency monthly), LikeCoin members / Matters members clap (control the distribution of the creation fund)

• But the recipient has no pricing power. Under the premise of maximizing benefits, the recipient should choose to post as many payment methods as possible to facilitate the donor.
• Donors should try their best to maximize the value received by the donors in order to achieve their original intentions and give back to the author while making it convenient for themselves.

Value sources and delivery benefits

On the other hand, if the value refers to the income in the form of convertible money, the value must have a source, and at least one other party should confirm the value (payment), and do not agree to explain the value in an ethereal way. The big premise of attention being valuable is finding people who identify with that value, such as advertisers. The premise of creating value is that readers recognize this value and pay for it.

Matters' fiat direct billing only charges a 20% fee on withdrawals (8% to Stripe, 12% to Matters), while the billed fiat currency in the wallet (again) donates/buys without incurring fees, and the top-up fee is paid by Matters. The value in the wallet does not depreciate and does not generate interest. In other words, every penny paid by readers is also promoting the creation of value, so that the author's wallet has money in Matters to reflect the creation value (support other authors). The value you pay today, if the author receives it a month later, will still be that value. The expansion of the ecology did not harm all parties.

The delivery of LikeCoin is a little more complicated. Each deposit and withdrawal will include gateway fees, exchange transaction fees, transaction slippage, exchange withdrawal fees, and exchange KYC issues. And the value in the LikeCoin wallet is depreciated by the continuous inflation:

• Each block will mint more LikeCoins, diluting the share of each LikeCoin (compared to all LikeCoins)
• The Creation Fund continues to release LikeCoins to the author's account by clapping hands (regardless of whether they appreciate citizens or not), increasing the amount of LikeCoins circulating in the market

The value you pay today, as the author charges a month later, has a high chance of depreciating. The whole act of support can be described as buying LikeCoin on behalf of the author. If the author also promotes the creation of value, and allows this value to circulate in the ecosystem in the form of LikeCoin (once commissioned, it will take 21 days to circulate after the commission is released), which is to continue to accept depreciation. The more the ecology expands, the damage to all parties involved in the expansion will continue.

The value of LikeCoin is affected by many uncertain factors: the project side supports the currency price operation cycle and direction, and the selling behavior of other token holders (authors, validators), every time you invest money, you help the project side support the currency price, Substitute to bear the result of devaluation caused by project inflation.

How to use the value of every penny in hand to promote valuable creation

Under the condition that LikeCoin does not change the distribution method of the creation fund, LikeCoin will not be the best choice for real money to promote the creation of value. If the original intention of supporting the author is to hope that the author can earn income, then fiat currency is the best choice.

What authors can do:

Accept donations: Install LikeCoin Plugin / other fiat payment methods at the same time, the more the better, and educate readers about the benefits of fiat support for you.

Membership: Leave valuable articles to the fireside at Matters and receive income in fiat.

What readers can do:

The ideal way to support creation is to support authors with fiat currency as much as possible (eg Matters: around the fire, participating in crowdfunding, lectures). Paying fiat currency earnestly makes the creation valuable, so that the author can get the income and the wallet is full, so you can take it with confidence.

Open a free LikeCoin account and help authors compete for free LikeCoins from the Creation Fund by clapping your hands.

Outlook

With the latest blockchain token economic design model, in addition to the membership subscription system, Matters can consider forming a distribution pool around on-site tags:

• Let authors tag articles and receive benefits for bringing content to the topic
• Get capable readers to donate to the entire label
• Let ordinary readers (as donors) interact with articles in the pool (MAT clapping) into control of the distribution of donations (or define the control amount based on past donations)

This will have a positive effect, stimulate the author to produce valuable content, and allow readers who care about the topic to give back to the author's efforts to express their opinions.

LikeCoin can consider returning to the cross-platform benefit distribution tool positioning, adding the functions on the LikeCoin Button, and directly promoting the interaction and relationship between readers and authors.