Defluenced

Today Allen Taylor & Unkle Bonehead discuss Threads and how Web3 missed a great chance for adoption.

We ponder on how & why it happened and wonder if there is a solution somewhere in sight for Web3's adoption.

Discussion came from https://www.bloomberg.com/news/newsletters/2023-07-11/threads-not-web3-is-the-twitter-replacement-for-now

Go subscribe to Allen's newesletter on Paragraph

https://paragraph.xyz/@tayloredcontent

Today Allen & Unkle Bonehead discus Social Tokens.

What they are, who they are for, how to create them & why someone would want one.

A big take away from this is that when considering Social Tokens is to not look at it as an investment opportunity. As with most things in Web3 one of the core fundamental priciples is the content creator.

Remember in Web3 you support the creator and not the content. Web3 should be about people not investments.

Links referenced:

https://mirror.xyz/allentaylor.eth/mSoP8sj0uHNJexRT8no42_LncVEKJp0wTFypb4vH3QE

https://twitter.com/Allen_Taylor/status/1671206536679501837

https://bakemytoken.com/

https://www.thetilt.com/audience/creator-coin-experiment

https://paragraph.xyz/@tayloredcontent

Allen & Unkle Bonehead discuss the recent lawsuits filed by the SEC against Binance and Coinbase.

What the litigation is, why they are doing it and what it could mean for Web3?

Topic came from Allen's newsletter. Are you subscribed to it on Paragraph?

https://paragraph.xyz/@tayloredcontent/sec-binance-coinbase

Links to complete litigation complaints filed on Binance and Coinbase:

https://www.sec.gov/files/litigation/complaints/2023/comp-pr2023-101.pdf

https://www.sec.gov/litigation/complaints/2023/comp-pr2023-102.pdf

Ecency promo clip by @epiko on Hive

CastGarden clip by @cast.garden

Follow us on Hive:

@allentaylor

@unklebonehead

@defluencedcast

Follow us on Twitter:

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@3speakvidshare

Ecency released a major update earlier this week and it's probably the best they've ever done. They gave us Decks 2.0 and introduced Ecency.Waves. A new short form competitor to Dbuzz & Leothreads. But rather than stop the competition they welcomed them in. You can post to Dbuzz, LeoThreads AND Waves all from the same place!

Our minds are blown!

This is now officially our favorite app for Hive! Very highly recommend you check it out.

https://ecency.com

Release post

https://ecency.com/hive-125125/@ecency/introducing-decks-and-waves?referral=unklebonehead

Today Allen & Unkle Bonehead discuss the pros & cons of NFT's vs Voting rewards as a #Web3 monetization model.

Hive upvotes

PROS

1) If you build a solid network of supporters, you can sustain a long-term income

2) There are multiple ways to earn on the blockchain

3) Participants can monetize from post creation, curation, and comments

4) Beyond comment monetization, participants can earn by developing new dapps

5) The highest earning content is not about crypto

6) The more you earn, the more potential you have to earn

7) You can take your earnings and put it into savings with a 20% APY

8) You can buy HIVE and increase your earning power more quickly

9) No fees

10) On Hive, you can have ongoing income as long as you remain active

CONS

1) Comment creators and curators are limited to 7 days for payouts

2) Whales and downvote cabals can drive away good content creators using bully tactics

3) There is a learning curve

4) It's hard work to find an audience for your content because you don't have algorithms helping you

5) There's no mechanism for choosing how much you earn

---

PROS

1) NFTs give you the power to earn on a secondary market

2) You set the price for your NFTs, which gives you the ability to influence how much you earn

3) There's no limit to how many NFTs you can create

4) There are multiple blockchains that allow you to create NFTs (Polygon, Solana, Ethereum, Optimism, Hive, etc.)

5) It's fun to create NFTs

6) NFTs can be created in a variety of formats (music, video, literary, visual, podcast, etc.)

7) NFTs allow creators to assign ownership of assets to other parties

8) NFTs can also have utility, which makes them more valuable to the people holding them

CONS

1) NFTs must be visual or they are not likely to sell

2) NFTs are still a nascent market and not altogether doing well in the downcycle

3) NFTs do produce ongoing income whereas; rather, creators must rely on selling NFTs and those purchased appreciating in value and selling on a secondary market, none of which are guaranteed

4) Network fees can be profit prohibitive

---

)https://readl.co/book/25730738359309784841103145527884708297477924404312994775503112673563267563530 (Web3 Social: How Creators Are Changing the World Wide Web (And You Can Too!) available as an NFT)https://tinyurl.com/web3social-audible (Web3 Social recently released as an audiobook)

The Dbuzz proposal on Hive passed within a week of its drop. So we got @nathansenn on to talk about it and whats going to happen with Dbuzz and what to expect over the length of the proposal.

Today we talked about the Ben DAO. Yes it's a real thing.

We go over why its exciting & yet scary at the same time. What other things you can do and how having your own DAO could be prosperous and devasting at a momments notice.

We also talk about whats causing the recent bitcoin network's congestion.

Links discussed in the episode:

- https://decrypt.co/139361/ben-bitboy-armstrong-shills-ben-a-ben-dao-token-for-dudes-named-ben

- https://www.coindesk.com/markets/2023/05/07/bitcoin-network-congestion-causes-binance-to-pause-withdrawals/

You can also follow the adventures of Allen & Theresa as they roll across the country on thier YouTube channel.

https://allenandtheresa.com/

Dont forget that the Cryptocracy newsletter has moved and evolved over on Paragraph.

https://paragraph.xyz/@tayoredcontent

Find us on

https://defluenced.online

https://twitter.com/@defluenced

On Hive

@defluencedcast

@allentaylor

@unklebonehead

Today's episode was spurred, as usual, by the Cryptocracy newsletter.

Allen & I talk about the moving of the Cryptocracy newletter to Paragraph from Substack. Why he did it and the multiple benefits for both him and the readers.

We also covered some news and poked fun at the UMU and their Unicorn coins. Lol!

https://paragraph.xyz/@cryptocracy/bitcoin-ethereum-decorrelate

Allen's recent appearance on the NomadFury Podcast

https://www.youtube.com/watch?v=8c33ZSr8D6Y

Then we talked a little about Mirror and whats good about it.

https://mirror.xyz/allentaylor.eth

You can get an NFT copy of Allen's book "Web3 Social: How Creators Are Changing the World Wide Web (And You Can Too!)" on Readl

https://readl.co/book/25730738359309784841103145527884708297477924404312994775503112673563267563530

You can email us at [email protected]

https://defluenced.online

Follow us on Hive

@defluencedcast

@allentayor

@unklebonehead

This episode was streamed live on Cast.Garden while recording. You can join us on our CastGarden channel live on Tuesdays 5pm eastern.

https://cast.garden/c/defluenced/videos

This is a solo episode from Allen. He gives you a free chapter of his newest book talking about User Generated Content.

You can get his book on Amazon. (Not an affiliate link)

https://www.amazon.com/dp/B0BW4W3JYK

Subscribe to the Cryptocracy Substack

https://cryptocracy.substack.com/

Visit us at

https://defluenced.online

Find us on Hive:

deflunecedcast

allentaylor

unklebonehead

Email us: [email protected]