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General Thoughts and critique on Narrative

Peter Wagner ·
After a few days I got a some feelings I want to share about narrative. Maybe some of you can tell me something comforting or explain some stuff to me, since I am very new to all of that. First of all: I don't like the bidding system. It is not transparent. Who bids for what? How do prices emerge? Who gets the money? And for what does someone get the money? Next thing: I don't like is the NRVE oder creditcard payment system. In order to get NRVE (the way narrative.org suggests) you pay fees...
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Re: General Thoughts and critique on Narrative

Jayme Soulati ·
I just want to acknowledge your concerns, comments and time to share them because many of the points you make are ditto for me, although I already own a handful of niches to get in early. I cannot comment or clarify your points as I'm new, too, but I'm eager to hear from @Malkazoid and @David Dreezer who seem to have the major pulse of this platform and community. So, thanks for putting it all out there to open discussion. My experience with buying NRVE failed due to a bank issue and a...
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Re: General Thoughts and critique on Narrative

Gord ·
Welcome @peter.wagner! Have you read the Specs ? A lot of your questions are answered there.
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Re: General Thoughts and critique on Narrative

Rosemary ·
First, thank you for such an in-depth and considered set of questions/critiques! Every new person who joins the community brings a new perspective, and that's so valuable to us as we build this platform. I think @Malkazoid knocked it out of the park in terms of his responses (I think I would have said almost the same thing, and I'm so appreciative of his knowledge and support). Since we're building a platform that is self-governed, it's especially important for the community to discuss these...
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Re: General Thoughts and critique on Narrative

Jayme Soulati ·
So, @Peter Wagner , I'm hoping after the immediate and thorough responses you've received from the Founders and leaders that you're feeling more at ease to jump in with us? (I'm merely a member.) I am in awe of the time @Malkazoid spends commenting on these threads with such ease, information, and clarity. It gives me great comfort and excitement knowing that I'm on the ground floor of something new with such a team leading the way and giving the entire community an opportunity to be heard...
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Re: General Thoughts and critique on Narrative

Malkazoid ·
Thanks @Jayme Soulati and @Rosemary ! I'll be redundant in this role once Narrative gains more momentum and its paradigm becomes more familiar to all. Looking forward to that! In the meantime, I'm happy to help in anyway I can.
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Re: General Thoughts and critique on Narrative

Peter Wagner ·
@Jayme Soulati Yes I am usually lazy and lose interest when things on the internet seem absurd. But this time I was so intrigued by the general idea that I just had to. And from computer games I learned that as much feedback as possible is the only helpful thing to the creators in the Alpha + the community that is maybe too polite not to ask or talk about their feelings. Across the internet you often stumble across this "rant" posts that turn out to be most helpful because the creators can...
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Re: General Thoughts and critique on Narrative

Peter Wagner ·
@Jayme Soulati Yes I feel so much better now. Thank you. I can just agree on what @Rosemary said: @Malkazoid you have such a good way of explaining and creating an atmosphere of trust. Thank you very much for putting all this time and effort! Also thanks to anyone else who contributed. You got this one . Have a productive week!
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Re: General Thoughts and critique on Narrative

Jayme Soulati ·
Thank you @Peter Wagner for raising such important concerns. Because you stuck your neck out, I learned tremendously from the responses. As a new member, it's easier to take a back seat, and you did not. Says a lot about you, and I, in particular, learned H.U.G.E.
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Re: General Thoughts and critique on Narrative

Jayme Soulati ·
See? I learned AGAIN/MORE from you, @Peter Wagner . <3
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Re: General Thoughts and critique on Narrative

Malkazoid ·
Thanks for the candid observations and commentary, Peter. I am not staff, but I can help address some of your questions. You can see who bids on auctions. The following auction page is an example: currently there is one bid, and the person who made it is visible: https://alpha.narrative.org/hq...on/11309083445700505 Prices (starting bids) are based on 75 USD - whatever the USD to NRVE rate is when the auction starts determines the cost of the first bid in NRVE. I've made the suggestion that...
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Re: General Thoughts and critique on Narrative

Robert Nicholson ·
@Malkazoid - a 15% "service fee" to use a credit card is ridiculous. This is not a matter of "passing on bank fees," which are typically 3-5%
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Re: General Thoughts and critique on Narrative

Emily Barnett ·
The service fee is your choice if you don't want to deal in cryptocurrency. That is a wonderful option that opens the doors up for people whom are not in the crypto community, or choose not to learn how to navigate the crypto economy. This is very fair--a and cannot be compared to a 3-5% bank fee, since other decentralized, crypto tokenized platforms don't even offer a fiat payment option. Learning how to operate in crypto can save you this fee. Many of us have done this and I am sure there...
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Re: General Thoughts and critique on Narrative

Malkazoid ·
I don't disagree that it is high, but it seems to be standard across many such service providers of online credit card processing. Have a look around at various exchanges that allow payment via credit card. I'm no expert though. It is possible that we're also paying a little for the overhead of what Narrative has to do behind the scenes, when we purchase with USD. They have to purchase NRVE with those funds.
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Re: General Thoughts and critique on Narrative

Emily Barnett ·
Well @Robert Nicholson , good thing you are not the only person on this platform with an opinion! A great many people here, I would even venture to say the majority of (at least the early adopters of Narrative), are amongst the 5-8% crypto-users, and many understand the necessity of tokenizing the platform. But to each their own. Your choice of words, seems to imply a tone of premature bitterness, for someone only in this community for 7 days, especially with your reference to your fellow...
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Re: General Thoughts and critique on Narrative

Christina Gleason ·
I'm not exactly FOND of the 15% convenience fee for the fiat option, but in my amateur attempts to learn about trading crypto, I could just as easily lose more than 15% making poor crypto exchange decision because I can't wrap my brain around how trading works. For people like me who are pretty clueless about crypto, a 15% fee is less risky than figuring out when to buy ETH or BTC to exchange for NRVE, and WHEN to exchange those base currencies for NRVE. Would I rather it be a 5-10% fee...
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Re: General Thoughts and critique on Narrative

Gord ·
What do you propose would be better?
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Re: General Thoughts and critique on Narrative

Robert Nicholson ·
I have used cryptocurrencies. That makes me one of the 5-8% of Americans who have. Narrative has created an unnecessary barrier to adoption. The use of a cryptocurrency provides no benefit to me as a user, and it's ridiculous to charge a fee that far exceeds actually costs to a user who chooses not to drink the kool-aid.
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Re: General Thoughts and critique on Narrative

Robert Nicholson ·
So why is the use of cryptocurrencies important to a social platform? Because as I see it, if you took that entirely out of the equation, it would not change the basic value proposition of the site. When you are building a business that you want to be broadly adopted, you focus on doing one or two things really well. You don't throw in extraneous things that will get in the way of adoption. Now, let's talk about the revenue sharing. That seems to be the core value proposition of Narrative.
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Re: General Thoughts and critique on Narrative

Emily Barnett ·
@Robert Nicholson Not everybody is you. Many people are making content right now on other platforms and getting nothing. Posting their content here in conjunction with their youtube channels, their instagram pages, their blogs, doesn't hurt anything does it? True some will make very little here, others will do well. It is a speculation of time for some, money for others, and still some others both. There are already other models in the crypto social platform in existence, albeit somewhat...
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Re: General Thoughts and critique on Narrative

Emily Barnett ·
You mention the value in billions of page views. Later this year, after beta rolls out they are implementing advertising on the platform. It is a crucial part of the rewards pool. All advertising, with the exception of the 15% exchanging fee goes directly into the rewards pool to be divided up pro rata. You diminish the value of content, but I ask how does a page get views with out it? Last time I checked most people don't watch tv for the commercials...they watch for the content. Content...
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Re: General Thoughts and critique on Narrative

Robert Nicholson ·
@Emily Barnett - I typed a long reply last night, and somehow deleted it, but I think it's important to discuss, so I'll try to recreate it. Please understand that this is a discussion of opportunities and risks for the platform. Narrative needs to succeed as a business, and in order to do that, it needs to articulate a clear value proposition for various different communities: Advertisers Advertisers want to be able to target their ads. The more precise the targeting, the more they will...
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Re: General Thoughts and critique on Narrative

Emily Barnett ·
Hi @Robert Nicholson This is a a discussion of opportunities and risks for the platform, as you see it. Where I am taking issues, is that you seem to be stating your initial observations like they are the inevitable trajectories for this platform. You don't know that, and you don't have all the information on what the Narrative team does or doesn't have under way. None of us do. I am going to address the crypto part, because it is bothering me the most about your posts: What I like most...
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Re: General Thoughts and critique on Narrative

Christina Gleason ·
Re: Crypto as a barrier. I don't "get" crypto. I don't "get" the stock market either. But I do know that crypto can be turned into real money that I can use to pay my bills. Getting paid in crypto is a new concept to me, but THAT'S THE PLATFORM. I'll probably never truly understand how crypto works, but I plan on reading up enough to figure out how to turn it into...fiat. (Calling USD fiat also seems weird to me, but I'm trying to learn the "language" about crypto.) I signed up for Narrative...
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Re: General Thoughts and critique on Narrative

MOLLY O ·
@Christina Gleason . I put that how to guide on our list of to-dos for post beta launch.
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