Let me know if I'm wrong, but if I post content on Reddit for free and you tip me, I'd be thankful, BUT, that content was posted for free one way or the other... I was going to post it either way. So in the end, that tip to me was pointless, other than to say "thank you" (which btw, a simple "Thank you" is just as good to me as a 0.20 cent tip). By no means did that tip influence that first post, but it might influence my next post (hoping to get more tips).
That assumes that tipping is supposed to motivate users to create better content.
Other than to say thank you, what is the point of tipping? And why not just say "Thank you" instead? Most of us won't bend down to pick up a Nickle now a days, so unless 1k people are tipping the OP 0.20 cents, I don't see it being much motivation.
Do we really want to create a social media culture of money-hungry people "posting better content" in the hopes of getting paid?
lol, I know the content I posted on Steem was by no means "better content", it was more like fishing. I just kept posting shit until something paid off lmao. If anything I'd imagine it increases spam/duplicate content instead of cuts down on it, after all, it's much harder to do something for free than under the guise of getting paid.
Inevitably, the profitable business model will be quantity over quality in a for-profit social media business, simply because the more articles you have out the more "fish" you are catching in your "net", regardless of quality of content.
Also, people are so stingey in this world, I really have a hard time seeing anyone have a $100 wallet purely to tip others with, but maybe I'm a bit more cut-throat in that way. You definitely aren't going to get a tip out of me haha. If you can get the same information for free, I gaurantee that the vast majority will go that direction without tipping.
It seems to me like it's some weird altruistic behavior that only a small percentage of actual reddit users would follow through with.
Please correct me/explain to me why tipping is an important integration to a platform like Reddit? (this also applies to any of the for-profit social media platforms like Steem & Synereo).
Thanks! Enjoy the convo!
Edit: Also, what would be the benefits of using a altcoin to make trading among social media sites more "stream line". Unless you have alot of people accepting that coin as payment you might as well be using bitcoin to cut out the step of having to exchange REDD to Bitcoin (if we are talking "stream line") and even then its still hard to spend bitcoin for the average joe. Fees currently make that unplausible for micro transactions, all other alts are hard to buy anything with. It's check mate lol.
Also, I know if I ever send anyone money on the forums, I do it with Paypal so when I don't receive what I ordered I can get my money back. People on Social Media are dumb, you are going to have to protect them from themselves otherwise it's going to be a shit storm lol.