Absolutely amazing and i think the marketing strategy is excellent. I always said do not sleep on bitcoin cash. I'm not a bitcoin cash shill. I don't work for them. However, they for me check every box. Strong secure chain. Very valuable top 10 crypto and now they are doing very well in the department of having applications built on top of them and tokenization.
So models i believe such as this is the vision of the future. Now that said there are some setbacks with noise.cash approach although the fundamentals are there. For instance the marketing strategy is seemingly bankrolled award content creators from a central place based on merit and quality.
This is far different than the problems one encounters in a more free market indirect approach where people upvote through sometimes nepotism.. friends.. business partners other whales etc., This creates a distribution problem which creates a more of a unhealthy ecosystem. So this can actually harm growth not propel it forward. So i'm not surprised noise.cash has reached some good numbers in a short period of time.
Here's where i have a problem. Money is limited so its not likely this is something that can go on forever. Although there should be a model like this. So it is possible the founder will run out of funds or they will have to be greatly reduced at some point. The good news is this kinda creates a floor in competitive pricing where content can compete more fairly which is important. There should'nt be posts done and not rewarded somewhat in relation to quality of over posts. In other words you probably don't want a similar quality post that receives $100 to then have a similar one only receive $1.
So these type systems can solve that. I would prefer it be done with tokenization and the value system changed aroudn that model so market psychology wise people would still be rewarded at prices the market can moreso hold to. Bitcoin MYK on memo.cash in a similar twitter like style application uses the same model of rewarding but on tokenization so the kool part is you don't even have to switch chains.. As the bitcoin cash network checks so many boxes it is quite certain to me it will become a crypto model for the future.
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some time ago I talked to Simon, the admin who manages all this, and he told me that they would have other types of income or something to have a sustainable system. At the moment, however, there are not many details, we will have to wait to see how the platform develops
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