this post was submitted on 16 Jul 2023
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Ironically you'd need something like a cryptocurrency if you wanted to implement something like that for the Fediverse.
good thing we don't want it
Generally speaking the solution to these sorts of things when one doesn't want it is "then don't use it." That's especially true in a federated, decentralized system like this.
yeah but this is the specific kind of engagement bait and whatnot that can stay on the corpo social nets
Why? I mean, technologically, why couldn't a more standard payment platform work, and then just pass around those payments among instances? PayPal is not crypto, but you can use it almost anywhere online.
PayPal is not decentralized. None of the "more standard" payment platforms are. If you want to have some kind of cross-instance limitation on things like awards and not have instances be able to just spew them out willy-nilly if they want to then you're going to need some kind of decentralized ledger to track them authoritatively, and that's basically cryptocurrency in a nutshell. This is what cryptocurrency is for.