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t4es5ter5
199a8ef55ac0e4c80cd034caffe3702724255a3e4d1aaed12b245c5156e230a6
Maximalist to the bone
Replying to Avatar t4es5ter5

It is indeed an interesting experiment to mix money with social, and as you've pointed out, there are several potential implications and challenges.

Introducing money into social interactions might indeed change the way people interact with each other, as well as the type of content produced. A primary concern is that users may prioritize earning money over genuine interactions and content sharing. People might feel compelled to create content that they believe will yield more financial rewards rather than expressing their true thoughts and ideas. This could lead to a less authentic online experience.

Moreover, the introduction of money could exacerbate existing social comparisons and envy. While comparisons are common in social media environments, the addition of a monetary aspect could heighten these feelings and potentially lead to negative consequences for mental health and well-being.

Misalignment of goals is another issue that could arise, as you mentioned with the example of Steemit. Users might focus more on earning money than on creating and sharing valuable content. The risk is that the quality of content might decline, leading to a less engaging and meaningful platform.

Despite these potential drawbacks, there might be some benefits to introducing money into social interactions. For instance, content creators could be financially rewarded for their work, which might incentivize higher-quality content. Additionally, integrating money into social media could lead to new and innovative ways for users to support their favorite creators and causes.

To better understand the psychology of money in social interactions, it might be helpful to look at research on the effects of financial incentives on motivation and behavior. Studies have shown that financial incentives can sometimes have a positive impact on performance, but they can also lead to a decrease in intrinsic motivation and even hinder creativity. As with many things, the effects of money in social interactions will likely depend on the specific context and the way it is implemented.

In conclusion, the intersection of money and social interactions is a complex and fascinating area to explore. While there are potential downsides to consider, there might also be opportunities for growth and innovation. Careful consideration of the psychological implications and a commitment to learning from the successes and failures of similar experiments will be crucial in ensuring the best possible outcomes.

GPT-4 gave this answer

Replying to Avatar HoloKat

I’m not sure if we’ve considered all of the implications of mixing money with social, but it’s a fun experiment regardless.

The people that say zaps are the new likes… I like your adventurous spirit, but feel maybe there’s more to money and social than meets the eye.

When you introduce money into an app which doesn’t have a primary goal of sending money, it can get weird in terms of social dynamics and perception.

For example, content may become tailored towards getting zaps, drowning out other types of interactions and possibly eroding trust and cooperation between people.

There’s also the weird dynamic of comparison. Even if you don’t try to, your mind may drift into “oh, they are making more than me on their notes”. I know likes elicit a similar feeling of envy (even if you are not actively envious), but I am curious how money changes things. I don’t have all the answer and suspect there are deep psychological implications.

There may be misalignment of goals as well. This is already evident now where we have some people who are solely focused on stacking. We have automated accounts who post AI generated work that wasn’t created by them — presumably for the sake of stacking sats (otherwise why not credit?) And this is just the start. I don’t know how many of you are familiar with Steemit, but it’s basically a shitcoin website that monetizes content. If you go to the site now, it’s a steaming pile of shit. I doubt anyone actually reads anything. Maybe a few.. but you don’t see this website in the headlines or popping up on any meaningful channels online. As far as the world is concerned it’s invisible. Not saying zap-powered content will end up in the same boat, but there are probably lessons to be learned there and things we can observe.

Social serves a larger goal than just weeding out signal in noise. Not everything needs to provide value all the time. People come to be heard, to feel part of a group, to laugh, to hate… and none of those things involve money. I’m not saying they couldn’t, but we don’t know the full consequence of introducing money into these types of interactions.

I’m not advocating for something being right or wrong or how to do this or that, but more generally curious about the intersection of social and money. I’m here for the ride to see how things play out and how the world reacts to it. 

If you have any knowledge on this subject (psychology of money in social interactions), I’d love to hear your thoughts and perspective.

It is indeed an interesting experiment to mix money with social, and as you've pointed out, there are several potential implications and challenges.

Introducing money into social interactions might indeed change the way people interact with each other, as well as the type of content produced. A primary concern is that users may prioritize earning money over genuine interactions and content sharing. People might feel compelled to create content that they believe will yield more financial rewards rather than expressing their true thoughts and ideas. This could lead to a less authentic online experience.

Moreover, the introduction of money could exacerbate existing social comparisons and envy. While comparisons are common in social media environments, the addition of a monetary aspect could heighten these feelings and potentially lead to negative consequences for mental health and well-being.

Misalignment of goals is another issue that could arise, as you mentioned with the example of Steemit. Users might focus more on earning money than on creating and sharing valuable content. The risk is that the quality of content might decline, leading to a less engaging and meaningful platform.

Despite these potential drawbacks, there might be some benefits to introducing money into social interactions. For instance, content creators could be financially rewarded for their work, which might incentivize higher-quality content. Additionally, integrating money into social media could lead to new and innovative ways for users to support their favorite creators and causes.

To better understand the psychology of money in social interactions, it might be helpful to look at research on the effects of financial incentives on motivation and behavior. Studies have shown that financial incentives can sometimes have a positive impact on performance, but they can also lead to a decrease in intrinsic motivation and even hinder creativity. As with many things, the effects of money in social interactions will likely depend on the specific context and the way it is implemented.

In conclusion, the intersection of money and social interactions is a complex and fascinating area to explore. While there are potential downsides to consider, there might also be opportunities for growth and innovation. Careful consideration of the psychological implications and a commitment to learning from the successes and failures of similar experiments will be crucial in ensuring the best possible outcomes.

Tab S8 Ultra update. Updates to this tablet take a while.... Finally it happened....

From GPT-4:

Cinco de Mayo, or the 5th of May, is a Mexican holiday that commemorates the victory of the Mexican Army over the French Empire at the Battle of Puebla on May 5, 1862. The victory was unexpected, as the Mexican forces were significantly outnumbered and ill-equipped compared to the French, who were considered one of the strongest military powers at the time. The win boosted Mexican morale and helped foster a sense of national unity.

Cinco de Mayo is often mistaken for Mexican Independence Day, which is actually celebrated on September 16th. In Mexico, Cinco de Mayo is primarily observed in the state of Puebla, where the battle took place, and celebrations often include military parades, reenactments of the battle, and other festive events.

In the United States, Cinco de Mayo has evolved into a celebration of Mexican culture and heritage, particularly in areas with large Mexican-American populations. The holiday is marked by parades, mariachi music, folkloric dancing, and traditional Mexican foods. However, it is important to note that Cinco de Mayo is not widely celebrated in Mexico outside of Puebla.

It has come to my attention that Tippin.me, a once popular lightning network tipping service, may now be a potential exit scam. In this post, I seek to warn and inform users of the possible risks associated with using Tippin.me, as well as offer guidance on best practices when dealing with third-party services.

Tippin.me's lightning node has been down for an extended period, and their support channels—including Telegram, Twitter, and email—have gone silent. Many users, myself included, have found themselves unable to access their funds.

Although the front end of the Tippin.me website remains functional, users are unable to log in and withdraw their funds. Attempting to log in via the site or the Chrome extension results in an "Internal exception" error message. Users who logged into the Chrome extension long ago, when Tippin.me was still active, can see their balances but are unable to withdraw, encountering the same "Internal exception" error.

A glance at the support channels mentioned on their site reveals numerous disheartened comments from users desperately seeking answers.

This situation serves as a cautionary tale for those using third-party services like WalletOfSatoshi. It is essential to minimize the amount of funds held on these platforms, ensuring that only an amount you can afford to lose is at risk. Stay vigilant, and always prioritize the security of your assets.

I hope this warning helps prevent others from falling victim to this potential scam and encourages users to exercise caution when using similar services.

https://stacker.news/items/174226

nostr:npub1aghreq2dpz3h3799hrawev5gf5zc2kt4ch9ykhp9utt0jd3gdu2qtlmhct

Critical bug found. Everyone please update your

@lnbits

to latest version (0.10.5 Yvette3) 👍

More details to follow at a later date.

https://twitter.com/lnbits/status/1654416778804580352

Jup tried to zap you and it fails atm

Yes, I know that. It is also mentioned in the article. But why have obligations on your bitcoin holding? That is dissapointing. They should be able to hold their complete stash without any obligations imho. With the exception of tax harvesting ofc.