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The original was posted on /r/cryptocurrency by /u/voxcon on 2023-08-11 19:20:23.
The other day i was thinking about what makes moons and bricks special. And besides them being used on reddit, i noticed that another thing that sets them apart from all the other coins is their distribution methodology.
Meaning they utilise social engagement and likeability for their reward system. Meaning, people who engage in the communities and offer value - whether in form of knowledge, expertise or experience - are being rewarded at the end of every distribution cycle. So there is an incentive to provide social value. I'm not aware of any other coins going this route.
It'll be interesting to see if other cryptos will follow along and will use this sort of reward system instead of the classical PoW or PoS approaches.
What's your take on this?
Edit: another thing that also comes to mind is, that by using "proof of social engagement" a fair distribution of tokens is ensured and everybody get's as many as they deserve. Which is defenitely better than who can afford the best mining hardware or most PoS collateral.