Update to Twitter I view as a game changer βœ…

By ETHNomad | TheETHNomad's Blog | 19 Apr 2023


So I won't lie, I'm not exactly a fan of Elon Musk, to be honest I don't trust anyone that rich, how could you? I have been consistently skeptical about whether or not it is wise to have a man like Elon running the 🌍 stage, controlling one of the most popular social media giants. However, after using twitter since he's taken charge I have to admit, I do like the platform more. I have gotten into political discussions, religious discussions, talks about sexuality & other topics that would have had me censored/banned within minutes on the old twitter, or basically any other popular social network i use. I've got to give the guy props, I feel as though I do have more free speech, I deal with less bots than before & I'm not constantly worried about speaking up about something I have a strong opinion about, out of fear that my opinion will come with consequences.

The new feature I'm most excited about trying if possible 🀞 is the creator subscription model. Creators on Twitter now have the option (after review) to further monetize their content. Current subscriptions to creators exclusive content costs $4.99 USD. This is a game changer for obvious reasons, it's affordable βœ… the possibilities for paid online services, goods, and exclusive content expands drastically, as creators can create value easily in virtually any way possible. This makes me excited as a musician & artist. I can gate exclusive music & video content as well as behind the scenes content of my processes. I can create merch for superfans that subscribe for X amount of months. The list really goes on here, point is, this is really cool and I am glad main stream social media is finally opening the doors for creators to earn a much larger % of revenue, not needing to rely on ads.

Β  Creators could add a pay handle or BTC address to their profile to receive tips before, however I found this to be an inefficient way to tip your favorite creators. I feel like for this feature, micro-tipping would have been a much better option, and it should have been an option that was accessible on every creators post, just like a πŸ‘ button. BTC & ETH transaction fees are too high to want to micro-tip content with these currencies as well. In my opinion Elon should work on the tipping feature in the future & since he is such a fan of dogecoin, he should enable micro-tipping posts with dogecoin. This would surely bring value to the $DOGE & long term value to twitter. There are decentralized social options, and I've used a lot of them, bottom line, they aren't trustworthy, and the founders aren't really making any money, so these startups come with a lot of risk the novice investor, or even just the average twitter user, isn't prepared for or educated about. If #cryptotwitter was to ever become a robust ecosystem for creators to monetize in, we need a trustworthy founder, someone we know won't let the company sink given hard times. Twitter adopting crypto as a payment mechanism would be huge βœ”οΈ

Anyways, I'm getting hungry, about to watch some cartoons with my wife & son before I drop 😴

Have a good night ✌️ 😎 βœ…

Β 

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ETHNomad
ETHNomad

Contemporary Artist creating unique PFP NFT collections on the ETH Blockchain. Here to share my experiences and talk about my interests ✌


TheETHNomad's Blog
TheETHNomad's Blog

This blog is dedicated to my work as an artist, my cryptocurrency investing, and my own personal thoughts, opinions, & experiences. In short, expect a bit of everything πŸ’¨πŸ˜ŽβœŒοΈ

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