I'm a Philosophical (as opposed to Financial or Unicorn) Investor*. I wish I was both, but the value of my investment in NRV just doesn't get me to Founder status or beyond. However, I am here because I fully support the vision of the New Content Economy. I'm not even sure if I'll ever withdraw the $$ I've invested.
And that is why the topic of Niches, Moderators, and Narrator/Content Producers is very interesting to me. Ted O'Neill says a few things that I want to highlight or clarify — as I understand things.
Niches are always public- all content is world-accessible- and each has an “owner”, someone who controls the niche.
I've underlined the word "controls" because I think this word freaks out some of the more democratic-minded perspectives on what this community is intended to be. I read that same sentence with the word manages in place of "controls" and it lands much softer, and possibly more accurate?
Because there is a limit on the number of niches each member can own and/or bid on, each member will need to focus on only the niches they have the most interest in.
I think the last part is very important to stress: personal interest is critical for buy-in, for accountability, for motivation, for quality, for longevity. I was talking with my daughter about delayed gratification and I think this is also an essential aspect of investing for the right reasons. There might be some rewards for the quick-flip... but, if you can resist eating the cookie NOW, you might get TWO later... especially if you help bake them!
Note that each member may only own or bid on a maximum of 5 niches.
Question: Does this limit also apply to Founders? Just curious.
Once a Niche is [suggested > approved > purchased],
These owners must also nominate moderators for their niches.
This brings up something that @Rosemary discussed in another post that I think will earn a lot more attention after the Token Sale / ICO concludes successfully. Namely, how the heck do we recruit people to the community?
Whereas early-adopters need the least convincing, bloggers who have spent years building their content/audience on platform X is going to require some convincing. We need really great importing tools AND we need a Recruiters Toolkit.
Back in the early 90s, my friend and I had a killer business plan and internet platform set to disrupt the Yellow Pages and the Construction Industry. But it failed miserably. Why? Because we spent all our time trying to explain and evangelize the internet and never even got to explaining our service. 25 years later, here we are... everyone has a website. No one needs convincing that having at least some presence on the internet is essential to most businesses.
So, here we are on the crest of the newness of crypto-currencies and flipping social platforming on its head. Speculation is high. Trust is low. And we're asking people to participate anyway. We need to consider the full spectrum of obstacles and solutions, and provide Niche owners with a robust set of tools to help them reach out and recruit moderators AND narrators/content producers.
*See Thinking ROI, or, Investor Unicorns