TL/DR: Incorporate cryptocurrency to allow users to tip content creators.
Cryptocurrency is a field I am very passionate about. It is an emerging technology that has the power to change the world and we are at the forefront of it. I am making this post to propose the idea of incorporating cryptocurrency tipping into V2. I really feel that this topic can be very complex and deserves its own post.
I’ve noticed a sizable amount of posts on here have been related to how users can monetize their content. Many people feel that the old app failed because the big viners left for other outlets where they could easily monetize their content. I am not entirely sure if there will be a system in place for V2 but I thought I would share my idea.
The emergence of cryptocurrency has led us into a new era of the internet. Cryptocurrency at this stage isn’t perfect but neither was the internet when it was first developed. Much like the internet, this technology is here to stay and improve. I believe V2 can become a pioneer of this new technology by incorporating cryptocurrency into the app.
This would allow users to “tip” creators and encourage them to stay on V2 and make more content. Something has already been done on Youtube and Twitch for livestreams where viewers use tipping to show support and sometimes gain attention of the content creator.
There is currently a coin made for this purpose and it is called Reddcoin. It calls itself the social media coin and is working with every form of social media including Facebook, Twitter and Reddit to allow users to collectively tip a content creator.
The way I’d see it on V2 would be that there would be a like, comment, some form of a revine and a tip button. This would allow content creators to make money directly without the use of advertisers. At the moment Reddcoin is worth $0.01 so if 10,000 viewers tipped 1 reddcoin then the content creator would make $100 which is much better than Youtube’s 1$ per 1,000 views.
I really feel that incorporating this new technology would be beneficial to V2 in so many ways. It solves a problem that might have led to the decline of the last app and it makes V2 a pioneer of a new amazing form of technology. @dom have you ever thought of using cryptocurrency with V2?